McGuinness says Ireland will “fight for its fair share” of EU recovery fund

Ireland’s Vice President of the European Parliament has insisted the country will “fight for ...

Von Der Leyen: Europe's next generation will benefit from rescue deal

European Commission president tells Euronews that the massive stimulus package is 'Europe's moment'.

China puts GDP target on history's ash pit

The ruling party abandons the material growth standard of gross domestic product. Now, like many nations, it struggles to define progress in alternative ways.

Four Reasons Why Digital Security (Security Token) Liquidity Has Lagged

How fundamental misunderstandings about the function, behavior, and purpose of digital securities have stymied the path to liquidity -- but there is hope...

SUZUKI: Pandemic and climate crises unmask inequalities

OPINIONA chorus of world leaders has declared we’re all in the same COVID-19 boat.In response, U.K. writer Damian Barr tweeted, “We are no

A look at Huawei Technologies and Meng Wanzhou

VANCOUVER - Some facts about Huawei Technologies and Meng Wanzhou:The company: Huawei was founded in 1987 by Ren Zhengfei. The 75-year-old is Meng's father.

IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com

The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added

US outlook highly uncertain, businesses 'pessimistic': Fed

The Fed's beige book survey of economic conditions showed US economic activity continued to fall sharply in recent weeks in all regions, with auto sales falling sharply and tenants unable to pay rent

NZ April fall largest since the filled jobs series began more than 20 years ago

New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV

Air corridors can kickstart post-virus tourism – U.N. agency

The World Tourism Organization proposes that tourists be allowed to travel between countries at low risk of coronavirus contagion

Job numbers plummet by 37,500 in April as COVID-19 economic impact cripples businesses

COVID-19 impact and restricted trading is heavily impacting the economy.

Government invests $700 million to protect fresh waterways, announces raft of new regulations

The Government has earmarked $700 million to help the primary sector and other groups implement the new rules.

ViacomCBS Lays Off Employees at CBS Entertainment Group

ViacomCBS plans to institute another round of layoffs that will impact CBS Entertainment Group.

Alibaba Hunts for a Million Influencers Keen to Make Big Money

Alibaba Group Holding Ltd. pioneered the use of live-streaming hosts to sell everything from lipstick to smartphones in China. Now, the e-commerce giant wants to repeat that success globally with the help of a million influencers on forums from TikTok to Instagram.

Delhi: Markets empty, traders say Metro is only sliver of hope

The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.

Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.

Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...

REA, AfDB canvass productive energy use in rural areas

Okechukwu Nnodim, Abuja The Rural Electrification Agency, in collaboration with the African Development Bank, has called for an increase in the productive use of energy in rural communities by fa...

AXA Mansard premium rose by N9.7bn in 2019

Nike Popoola AXA Mansard Insurance Plc said its gross written premium rose by 29 per cent to N43.62bn in its 2019 unaudited financial report from N33.92bn in 2018 financial period. A statement fr...

Huge boost for International Foto Biennale

Councillors voted to give an enormous funding boost to the Ballarat International Foto Biennale in the hope a revamped event will help the city recover from the COVID-19 crisis.

Video streaming: Lockdown sees fifth of UK homes sign deals

Britons turned to Disney+ in droves, data suggests, but Apple TV has struggled to engage viewers.

New York Gold Traders Drown in a Glut They Helped Create

The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.

Caesars Palace, Bellagio among Las Vegas Strip hotel-casinos reopening June 4

Some of the biggest hotel-casinos on the Las Vegas Strip will reopen on June 4, with individual safety measures in place at each property. On Tuesday, Nevada Gov. Steve Sisolak (D) gave the green light, saying the gaming industry can start up again next week as part of Phase 2 of the state's reopening. "We continue to see a consistent and sustainable downward trajectory of percentage of positive COVID-19 cases and a decrease in the trend of COVID-19 hospitalizations," he said. The state's hotels and casinos have been closed since March 18, and not all will reopen on June 4. Caesars Entertainment said it will resume operations at Caesars Palace and the Flamingo, and based on demand, will later reopen Harrah's and the gaming floor at The LINQ. MGM Resorts will also start slow, with just the Bellagio, MGM Grand, The Signature at MGM Grand, and New York-New York reopening. Amenities at all locations will be limited. Derek Stevens, owner of The D Las Vegas and Golden Gate in downtown Las Vegas, is tempting U.S. tourists…

NZD/USD ignores New Zealand Total Filled Jobs data to add gains above 0.6150

NZD/USD refreshes the intraday top to 0.6191 during the pre-Tokyo Asian session on Thursday. In doing so, the Kiwi pair ignores the recently flashed A

UK tells EU: Break the Brexit 'impasse' so we can do trade deal

Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...

LG next to join Hedera Hashgraph's DLT platform governing council | ZDNet

The electronics giant joins the likes of Boeing, Deutsche Telekom, DLA Piper, Google, IBM, and Tata Communications on the council.

Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher

Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher

Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999

Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999

Coronavirus Scotland: Teachers call for clarity over school reopening, survey shows

TEACHERS have said clarity over how the next academic year will work is the most important factor when reopening schools, according to a survey. Teaching union the EIS conducted a survey of more th…

Pay social carers fighting coronavirus a Real Living Wage, say campaigners

The Citizens UK pressure group has issued the call as the country gears up for tonight's Clap for Carers

Investors dump rental properties

People often say that investors are the marginal price setters in the property market, especially in Sydney and Melbourne. If true, the below story from The AFR will have the property industry concerned, given investors are reportedly set to dump rental properties:

42% US JOBS LOST IN COVID-19 MAY NOT COME BACK

NEW DELHI, May 27: For every 10 layoffs the economic slowdown to fight Coronavirus has induced, just three new jobs are created, according to new research.The numbers are finally capturing the full magnitude of the economic downturn the Coronavirus pandemic has caused. The US Bureau of Labor Statistics, for example, recently announced a 14.7% unemployment rate for April.The working paper is part of a special project by the Becker Friedman Institute of Economics that highlights new economic information about COVID-19.While this reallocation shock is good news for some sectors, the authors find the news particularly troubling for others.“We estimate that 42% of recent pandemic-induced layoffs will result in permanent job loss,” says Steven J. Davis of the University of Chicago Booth School of Business, a leading expert on hiring practices, job loss, and the effects of economic uncertainty.“If the economic shutdown lingers for many months, or if serious pandemics become a recurring phenomenon, there will be profound…

Boost Village Economy

Dear Editor,India is a country where one can find many villages. Due to unavailability of basic needs and unemployment, most of the people prefer to move into the metro cities for work. The crisis came-up from this lockdown lead to migrant workers going back to their villages. In our country, the village economy mostly based on agriculture works. Presently, farmers are facing many challenges. Sometimes, they are not reaching out to the break-even point by selling fruits, vegetables and other agricultural products. The government welfare schemes have not reached to all so far. There is a big scope in putting village economy up, if the government will be able to take it seriously and plan further to boost the village economy. It will be helpful for creating new jobs, fulfilling the needs of villagers and empowering them.--Amit Singh Kushwaha, Satna (M.P)

Coronavirus Refunds: AT&T DirecTV Customers Will Receive Credits For Sports Subscriptions

The DirecTV business of AT&T is providing MLS Direct Kick and MLB Extra Innings subscribers with credits for payments they have made for their plans.

Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

Le Pain Quotidien, the U.S. division of the Belgian bakery chain, has filed for bankruptcy protection.

Goldman Sachs on target to meet medium,long-term growth goals: executive

Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...

Hershey says mint, gum sales hit as lockdowns restrict social gatherings

Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...

The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)

The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets

Qantas wins Australia’s trust, but caution it might fall from grace

Qantas is the fairytale story emerging from early pandemic polling, leveraging its 'mercy flights' to catapult into Australia's third most trusted brand –

Recalling a pioneer of modern political economy

Alberto Alesina, the Nathaniel Ropes Professor of Political Economy and a member of the National Bureau of Economic Research (NBER), died at age 63.

ICAI aims for transparency in Covid-era accounting

India Business News: Will the company be able to continue its operations? Or to paraphrase in accounting terminology — will it be a going concern? In the pre-pandemic era,

Revenue loss and labour top worries

India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.

Meck budget changes lead to tense words

While trying to balance the budget, Mecklenburg County Manager Dena Diorio and Commissioner Susan Harden got into a tense argument over what line items most deserved to be cut.

Value hunting? This stock market has become mouth-wateringly cheap

Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success

Telecom growth on hold as pandemic cools demand

Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues

Opinion: The pandemic has exposed the crack in our fiscal armour

Almost instantly, the COVID-19 downturn proved Canada’s EI system is too slow, too exclusionary and hardly up to task

Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market

Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.

Kevin Callinan: Ireland must be ready to embrace the European winds of change

Unlike the conditions that prevailed a decade ago, Europe seems to be moving in what might be a more social democratic direction, writes Kevin Callinan

SoFi Sees Investor Accounts Double Thanks To Fractional Shares

The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.

Saudi Arabia’s bid for Premier League rights helping to smooth Newcastle takeover

Saudi Arabia's bid for Premier League rights helping to smooth Newcastle takeover

Exxon shareholders soundly reject splitting CEO/chairman roles

(Reuters) - Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.

News Corp to stop printing more than 100 Australian regional papers

Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…

Gov. Cuomo asks Trump to greenlight three major infrastructure projects in New York

The appeal comes as New York City faces increasingly dire financial straits from the outbreak.

Box shares climb 6% as large-enterprise deals jump

Box Inc. shares climbed 6% in the extended session Wednesday after the enterprise-content platform reported fiscal first-quarter results that illustrated...

Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits

Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.

Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra

“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.

"Everyone Is Shocked": CBS News Hit Hard by Layoffs

"I’m really sorry," network president Susan Zirinsky said Wednesday on an all-staff Zoom meeting about the cuts. "There is not a person who won’t be missed."

More than eight in 10 Ryanair passengers are STILL waiting for refunds for cancelled flights, says Which?

Just five per cent of Ryanair customers have had their money returned to them for cancelled flights within the seven day legal time frame, according to a poll by the UK consumer champion.

No need to worry about food inflation for six months, says expert

The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.

GITU: Fine-tune reforms to make tea growing worthwhile

Start a reserve fund for marketing Kenyan tea as a quality global brand.

Covid-19 effect: Deloitte consumer survey shows change in spending pattern over last six weeks

Around 51% of the respondents feel the trend of online buying and pick-up in-store is a safer option, while 37% respondents feel that it is faster than shopping in the store.

Can you buy shares in a listed company that wants to delist?

And what happens to those shares if the company does delist?

GEPF head appointed CEO of PIC

Public Investment Corporation has not had a permanent chief executive since the resignation of Dan Matjila in December 2018.

$20 trillion recession to come? Impact of Coronavirus on the world economy

Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.

Egyptian government prepares new economic stimulus package

CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism

Changing marquees at MGM hotels signal Strip’s reopening

Signs of casino reopenings started to appear Wednesday on the Las Vegas Strip as MGM Resorts International and other companies prepared to begin operations again.

Japan enacts law toughening regulations on tech giants

The Diet enacted a law Wednesday requiring major technology companies to be more transparent, falling in line with other countries in toughening regulations on industry giants such as Google LLC and Amazon.com Inc. Companies that operate e-commerce websites and apps will be required to submit reports on their business practices…

India: Largest Private Port Operator Partners TradeLens to Deploy Blockchain in SCM

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator has partnered with blockchain-powered digital container logistics platform TradeLens to optimize its port operations and improve supply chain management (SCM).

American Airlines CEO quells U.S. bankruptcy talk, says demand improving

(Reuters) - American Airlines Group Inc (AAL.O) is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said on Wednesday and dismissed speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.

Greater Jakarta in dark about ‘new normal’ commute

It wasn’t until the government started hinting at a post-COVID-19 “new normal” that the debate about commuting in Greater Jakarta began in earnest.

Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm

Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.

Government to seek quicker delivery of broadband plan

The Minister for Communications has said he has asked his officials to examine the feasibility of accelerating the roll out of the National Broadband Plan.

Amrapali case: JP Morgan says attachment properties by ED ‘blatantly illegal’

However, the bench asked the ED to consider objections raised by JP Morgan India against attachment of its properties and posted the matter for hearing on June 3.

GITAHI: The case for reopening our economy

The economy must be restarted and people given their lives back.

Goldman Sachs: Unemployment Could Remain High For Next 2 Years

Goldman Sachs economists say the unemployment rate could remain high for the next two years due to policies designed to mitigate the pandemic's effects.

Papa John’s Sees Comparable N. America Sales Jump 33 Pct

Papa John's President and CEO Rob Lynch said the company's workers and franchisees fueled "the best sales period in the company's history" in May.

An iwi-based futures lab is reimagining outcomes for its rangatahi

While many areas of the workforce have been shaken by the effects of Covid-19, a Ngāi Tahu futures lab has been working to give rangatahi Māori the opportunity to decide their own futures. Futurists have thought up myriad strategies for how the world should look post-Covid. For all its hurt, the

Nevada casinos to reopen; America can't get enough pizza

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus.________________________TRAVEL & LEISURE: Viral videos out of places like Lake of the Ozarks over the holiday weekend showed how willing people are to gather, even in a pandemic. Tourist destinations, from countries to theme parks, are laying out plans with hopes of avoiding such scenes.— Nevada's casinos will reopen next week, including those on the Las Vegas Strip. The casinos, which power Nevada's economy, were ordered closed more than 11 weeks ago. They will be allowed to open June 4, right b

No university bailout for international students

Australia’s universities continue to cry poor over the reduction in international student numbers, signaling heavy financial and job losses:

HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth

HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth

Biden Railed by Supporters for Doubling Down on Endorsement of Terrible Job Law

Joe Biden reminded supporters on Wednesday that he still supports a highly controversial new law in California that gouges the gig economy and has robbed many residents of much-needed income. Assembly Bill 5, signed into law last year by Gov. Gavin Newsom, completely changed the landscape and ease of freelance and gig work, eliminating opportunities to earn for many people interested in making their own schedules.

Government negotiating to cut National Broadband Plan rollout from seven to five years

The government has asked the National Broadband Plan firm to shorten the rollout period from seven to five years.

Broadwind Has Towering Potential And A Not So Towering Valuation

Broadwind's 1Q20 report was stronger than expected. In the wake of the quarterly call we spoke with the company to address a few additional questions we had. We

B2W - Gain Exposure To The Brazilian Online Retail Sector

Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects

Discounts are widening the audience for private jets

The industry is reeling from a lack of business travellers. That means significant discounts for people who otherwise might not consider private aviation.

Coronavirus: ESRI warns of deepest recession in Irish history

Green Party set to agree budget deficit reduction in second half of next government term

Covid-19: Tax on unemployment payment could be collected by reducing credits

Revenue responds amid claims those in receipt of subsidy may face surprise bill

Public transport and the roadmap

Sir, – Recent days have seen a succession of sectoral and vested interests demand changes that would favour them with regard to the Government’s roadmap for reopening society.

NBA Media Ventures sued for $1.25M in missed rent on Fifth Avenue store

NBA Media Ventures is being sued by a landlord who alleges the league has failed to pay $1.25 million in rent on its store on New York's Fifth Avenue during the coronavirus pandemic.

Las Vegas ranks top 10 for solar energy, according to report

In Environment America Research & Policy Center’s seventh annual report on solar energy in major American cities, the city is ranked seventh in solar energy supply per capita and 10th in ...

What We Are Reading Today: Playbooks and Checkbooks by Stefan Szymanski

What economic rules govern sports? How does the sports business differ from other businesses? Playbooks and Checkbooks takes a fascinating step-by-step look at the fundamental economic relationships shaping modern sports. 

Job losses continue to mount in US despite reopenings

WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that...

April budget deficit hit P273.9B amid lockdown

The government incurred a record monthly budget deficit of P273.9 billion in April as tax collection came to a halt because of the enhanced community quarantine imposed by the government to contain the coronavirus pandemic.

Analysis: Pennsylvania’s unemployment trust fund faces insolvency as pandemic continues

Pennsylvania’s unemployment trust fund, the mechanism used alongside the federal CARES Act to provide benefits to unemployed residents amid COVID-19, could face insolvency if the number of claimants remains high into the summer.

USTR office: Strongly disagrees with US Court of International Trade's decision...

Early Thursday morning in Asia, the US Trade Representative's office (USTR) marked its disagreement with the US Court of International Trade's decisio

Kansas athletic department announces across-the-board pay cuts and furloughs

The athletic department at the University of Kansas has told donors it will make across-the-board pay cuts and furloughs as it faces a budget shortfall.

EU Proposes €750bn Coronavirus Bailout as Popularity of Bloc Weakens

The European Commission has proposed a massive €750bn coronavirus bailout package as many across Europe have begun to question the EU itself.

Tongaat doubles the price of sugar

Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.

Covid-19 wrap: Brazil reports higest death toll globally and automakers unite in crisis

Here are the latest developments in the coronavirus crisis.

Maryland lifts more coronavirus restrictions, will allow outdoor dining

Maryland is set to lift additional statewide coronavirus restrictions, and restaurants will be allowed to begin outdoor dining this weekend, Gov. Larry Hogan (R) announced.

Honolulu shines in nationwide solar study released today | Honolulu Star-Advertiser

For the seventh year in a row, Honolulu topped a list of 50 cities nationwide for solar PV installed per capita; it also placed third in total existing solar PV capacity installed to date, according to a survey of 5o large urban centers released today by the nonprofit organizations Environment America Research & Policy Center and Frontier Group.

AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'

Company's fair value estimate was also raised from $1 to $5

Why Luckin Coffee Stock Surged 21.6% Wednesday

Rumors of a buyout are swirling.

World class ‘Rail Trail’ locked in for Northern NSW

A world class walking and cycling trail between Murwillumbah and Crabbes Creek how now been set in stone. The NSW Government has confirmed $7.8 million in funding for the construction of the Tweed…

62% believe Modi govt either met or exceeded their expectations: Survey

In the survey, 56 per cent of participants were of the view that Modi govt has not been able to address unemployment situation in the country.

2021 Geneva Motor Show Might Be Canceled

The much-awaited Geneva Motor Show has been this year, but reports say that it might take another hit again in 2021 due to other threats.

Boeing to eliminate more than 12,000 U.S. jobs

Boeing announced on Wednesday it is immediately cutting more than 12,000 U.S. jobs, and several thousand more will be eliminated over the next few months. This week, the company will lay off 6,770 employees. Boeing said an additional 5,520 workers accepted buyout offers, and will leave within the next few weeks. Globally, the company has about 160,000 employees, and most of the layoffs are expected to be in the Seattle area, where workers focus on commercial airplanes, The Associated Press reports. Air travel is down tremendously because of the coronavirus, and Boeing CEO David Calhoun wrote in a memo to employees on Wednesday that because of this, there will be "a deep cut in the number of commercial jets and services our customers will need in the next few years, which in turn means fewer jobs on our lines and in our offices." Catherine Garcia

ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21

Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22

A Much Higher Gold Price Is No Flight of Fancy

Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.

EUR/JPY Price Analysis: Euro pops and retraces vs. Japanese yen, trades near 118.30 level

EUR/JPY is retracing from the May’s highs while trading above its main SMAs on the four-hour chart. However, the spot seems to be struggling to overcome the 1

Fed's Bullard: Fed programs will be wound down after crisis

"100% salary replacement for unemployment insurance is not appropriate as economy reopens," St. Louis Federal Reserve President James Bullard said on

GBP/JPY Price Analysis: The pound fails at 133.00 again

Sterling’s rally from 130.65 lows last week has been unable to extend beyond the 133.00 level, for the fourth time so far this month, and the pair has

EUR/USD erases daily gains, turns flat near 1.0980

The EUR/USD pair built on Tuesday's rally and climbed to its highest level since early April at 1.1030 on Wednesday. However, the pair struggled to pr

USD/CNH hits record highs, US determines Hong Kong no longer autonomous

The USD/CNH (Chinese offshore yuan) rose to an all-time high on Thursday at 7.1965 and then pulled back modestly. The move higher takes place amid inc

AUD/USD risks to visit 0.6000 later this year – Rabobank

The Australian dollar has appreciated steadily despite the grim economic data, however, escalating the tensions between the US and China might endang

Bitcoiners Go Wild After Goldman Revives Tulip Mania Comparison

Goldman Sachs Group Inc. just forged a lot of new enemies -- in the crypto world.

SoftBank’s Vision Fund Is Planning to Cut 10% of Staff

SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.

News flash: People working from home are just as productive

As a result of the coronavirus pandemic most companies have shifted to having employees working at home. For some that is ideal, for others the lack of human contact can be depressing. It’s a double-edged sword in many ways -- you want people around but enjoy being home.

Withdraw notification on PWD contractors: GFP

NT NETWORK Panaji The Goa Forward Party has demanded that the government immediately withdraw its recent notification as issued through the office of the

Panel’s mantra of ease of doing business

NT NETWORK Panaji With the tight financial position of the state practically ruling out any kind of relief package, the economic revival committee in its

Industries grapple with reverse migration of workforce, disrupted supply lines

When the civic body allowed small and medium scale industries in Pimpri-Chinchwad to reopen after almost two months, many enterprises realised that much of their workforce, comprising migrant labourers, had already returned home with little or no plans of returning early.

World Bank: Belarus’ Economy Can Face a Severe Shock

As a small, open, commodity-exporting economy, Belarus is heavily exposed to shocks caused by deep contractions in its main trading partners, the collapse of oil prices, and global financial volatility related to the COVID-19 pandemic, says the World Bank’s latest Economic Update for Belarus, released today. Belarus’ economy is anticipated to contract by at least […]

The Trip Aboard Carnival Cruises Stock Will Be Stormy

There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.

The 4 Stimulus Bills Saving America From Its Biggest Depression Ever

The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.

5 Unmissable Highlights From Consensus: Distributed 2020

Consensus: Distributed, CoinDesk’s virtual version of their annual crypto conference, is done and dusted. Read for the entire coverage.

Franklin Templeton mutual fund investors can pick Deloitte over trustees

Unit holders will vote to moneitse the scheme assets.

Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service

Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.

Facebook Canada partners with Indiegraf to support independent local journalism

Facebook Canada announced that it has partnered with Indiegraf, which is a network of journalists and independent digital publishers.

COVID-19 is a blessing in disguise, says Housing Minister Jitendra Awhad

​​Maharashtra Housing Minister Jitendra Awhad on Wednesday assured a group of developers that he would like to implement a regime that would give all construction permissions within a period of 30 days and they would be deemed to be given thereafter.

Gold loan companies come to rescue of small businesses; banks shy away

Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially

Banner Health invests in firm that gained attention as domestic PPE manufacturer

Phoenix-based Banner Health is joining 14 other health care systems nationwide in acquiring a minority stake in a personal protective equipment manufacturer that garnered national attention for its co-owner’s warnings of America’s PPE shortage and the paucity of domestic manufacturers.

Julphar’s loss down 30% in Q1-20; accumulated losses at AED 566m

Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) incurred AED 62.5 million in net losses attributable to shareholders during the first quarter of 2020, down from AED 89.1 million in the year-ago period. Net sales fell to AED 114.6 …

Informa Markets To Launch The Industry’s Largest Digital Tradeshow

Changes are coming! Informa Markets Fashion and wholesale e-commerce platform NuORDER have partnered to launch the industry’s largest digital tradeshow, which will debut alongside Informa’s

Iron Mountain: Strong Operating Results Despite COVID-19

Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre

BJP, JSP launch ‘Vizagnot for sale’ campaign

‘It is imprudent to sell away prime land for doling out freebies’

Survey underlines job loss, drop in earnings during lockdown

It reveals that 73% of around 870 respondents in State have lost their jobs

Hospitality sector in the Nilgiris may see 70% slide in revenue

Lockdown coincided with peak season for tourism

Leo Puriset to join JP Morgan

Leo Puri, the former MD and CEO of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia retires in 2021.“[Ms.] Morparia, chairman, south and

Amalgamations’ auto parts unit to cut pay

May trim headcount also

Lockdown presents mixed fortunes for Prakasam farmers

Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times

Rugby Canada sings multi-year deal with Italian-based sportwear brand Macron

LANGFORD, B.C. - Rugby Canada has signed a multi-year deal with global sportswear manufacturer Macron.The Canadian governing body joins Italy and Scotland a

Autonomous car company Aurora increases hiring amid industry struggles

Autonomous vehicle startup Aurora committed to hiring employees as it welcomes new executive hires and interns and crosses the 500-employee mark.

YLW takes dramatic hit

Kelowna International Airport hasn't seen passenger numbers this low in decades.

The average savings account interest rate is less than 1%, but it's not hard to earn more on your money

The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.

How to change or cancel cruise reservations as coronavirus continues to ravage the industry

Cruise companies like Royal Caribbean and Carnival are changing their cancellation, rebooking, and refunding policies amid the coronavirus pandemic.

IALPA pushing Dublin-based CityJet to retain its 57 pilots as they face redundancy

The Irish Airline Pilots’ Association (IALPA) is pushing Dublin-based CityJet to retain its 57 pilots here as they face redundancy.

Volkswagen SA resumes production and export of Polo hatch range

Volkswagen South Africa says it has resumed building the Polo for both the local market and export, while also restarting production of the Polo Vivo.

IBM: $80 Per Share Is More Reasonable

IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin

The Relationship Between Short-Term And Mid-Term Volatility

Short and mid-term volatility mostly move in the same direction but with different dynamics. Short-term volatility ETPs suffer from larger price erosion than mi

Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups

SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...

Hugo Boss sees recovery in third quarter at earliest

Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...

China's Chery Auto plans to sell cars in EU, United States: chairman

China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...

Lashify Brings Alleged Knockoff Manufacturer to Court in China

The brand claims Hollyren, one of the biggest Chinese manufacturers of eyelash products, is making unauthorized reproductions of its patented products.

MediaWorks Layoffs Call Into Question The Value Of Bailouts

The Taxpayers’ Union is urging the Government to urgently reassess its seemingly bottomless support for struggling media companies who take taxpayer money one day, and sack hundreds of staff the next.

Progression Of Trans-Tasman Bubble Offers Lifeline To Tourism Industry

New Zealand must move quickly to make the most of Australians’ enthusiasm for trans-Tasman travel, says Tourism Industry Aotearoa.

Volkswagen will sell its new European EVs in a similar way to Tesla — here's how it works, Business Insider - Business Insider Singapore

Business Insider - Volkswagen isn't using a fully direct sales model as it will involve the dealership, but it should eliminate the guesswork when buying a car.. Read more at businessinsider.sg

Delhi's peak power demand clocks seasons' highest of 5,464 MW

Delhi's peak power demand clocks seasons' highest of 5,464 MW: With the ongoing heat wave and the temperature soaring every passing day, peak power demand in the capital touched .... Get all latest entertainment & viral stories on english.lokmat.com

German chemical firms see 'significant' blows ahead from virus

Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.

Cause to celebrate Africa Day amid a lack of energy access

Africa Day, an opportunity to raise awareness on how diverse each African country is and the importance of this diversity in doing business in each region.

EUR/PLN three-month forecasts trimmed to 4.80 from 5.00 – Rabobank

The Polish zloty has rallied sharply over the last sessions buoyed by investors’ confidence on a quick economic recovery, which has prompted the Rabob

AUD/USD reversal from 0.6680 finds support at 0.6565

Australian dollar’s reversal from 2, 1/2-month highs at 0.6680 has been contained at 0.6565 on Wednesday’s US trading session and the pair is trimmin

EUR/GBP Price Analysis: Euro parked below the 0.9000 figure vs. Pound

EUR/GBP almost refreshed the monthly tops while holding above the main SMAs. The bullish bias is intact with the bulls looking for a daily close above the 0.9

Whole Scottish golf tourism summer season could be lost, claim operators in plea to First Minister

A group of leading Scottish golf operators has made a plea to First Minister Nicola Sturgeon for help from “a clear and present danger” that the entire 2020 summer season could soon be lost.

NMA lays foundation for secretariat, as contractor assures on quick completion

Nigerian Medical Association, NMA, has performed the foundation laying ceremony for its national secretariat in Maitama, Abuja

The Coronavirus Hit the U.S. Economy Swiftly and Unevenly

Live events and airlines are among the sectors suffering, as people switch to buying cushions and ordering food.

13 YouTube channels to turn yourself from wagecuck to finance god

It seems budgeting, saving, and investing are all the rage nowadays, and that everyone’s joining the FIRE (Financial Independence Retire Early) movement. This is reflected by the increasing popularity of budgeting and trading apps, ETFs (exchange traded funds, baskets of stocks you can invest in to spread your risk), and business news sites. But who […]

Boral faces new class action over US windows strife

Maurice Blackburn's class action over Boral's accounting scandal in a US windows business is the second to be launched in Australia.

Post COVID-19: We're determined to pass local content bill to boost Nigeria's economy - Reps

The widely expected Nigerian Local Content Development and Enforcement Bill 2020, passed second reading on the floor of the House of Representatives recently.

Halfords' Telford store reopens as 'retail lite' operation

Halfords has already reopened its Telford store, with some drastic changes.

Researchers examine climate change perception among specialty-crop producers

Farmers whose operations have been impacted negatively by changing precipitation patterns—either too much or not enough water—are more likely to acknowledge the link between extreme weather conditions ...

Report: Local News Stations Run Segments Scripted and Produced by Amazon

According to a recent report, local news stations across the United States have run news segments scripted and produced by e-commerce giant Amazon. Unsurprisingly, the segments were overly positive about Jeff Bezos' company and its employment practices.

Louisiana House members advance spending bills that use federal money to avoid deep cuts

The Louisiana House of Representatives on Tuesday approved a $30-billion-plus state operating budget that uses federal pandemic relief funds to make up for most of a projected billion-dollar revenue shortfall.

Shopify Will Remain an E-Commerce Powerhouse

Shopify is capitalizing on this shifting trend in e-commerce as people avoid brick-and-mortar stores. SHOP stock is a strong buy right now.

Chevron sees up to 15% reduction in positions - memo

Chevron Corp expects a 10% to 15% reduction in positions across the company as part of restructuring efforts it started late last year, according to an internal memo seen by Reuters.

Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday

Shares of cruise industry stocks jumped out of the gate Wednesday -- then dropped anchor.

Why You Should Plan to Retire Early Even If You Don't Want to

There's one really important reason.

Here’s Why a Lawyer Thinks Russia’s Cryptocurrency Ban is Unconstitutional

Recently, we reported that Russia planned to criminalize the use of cryptocurrency, but one lawyer thinks it may be unconstitutional.

Torrent, Lanco among private gencos not paid by Madhya Pradesh Power Co

This move by MP govt comes after the union power ministry had clarified electricity generation is an essential service and no state can invoke force majeure to defer payments

Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms

The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now

Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez

The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said

Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore

The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA

Effective test, track and tracing 'can reduce lost working hours by 50%'

UN research shows strong systems can reduce public fear and minimise workplace disruption

COVID-19 crisis: IT employees union writes to CM over lay-offs

National Information Technology Employees Senate (NITES) in the letter written to CM on Tuesday said several IT/ITeS/BPO/KPO companies across Maharashtra have started terminating services of their employees without any reasonable cause and withholding or deducting their salaries.

Tata Power plans to add 700 MW in renewable energy

Enhances renewables portfolio by 7% to 3,833 MW

Chevron shareholders approve calls for more transparency on climate lobbying

(Reuters) - Chevron Corp shareholders on Wednesday voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities, a major win for activists against big oil.

Online shopping highlights Cuba's inequality in time of coronavirus

HAVANA (Reuters) - The coronavirus pandemic is highlighting growth in inequality in Communist Cuba as worsening shortages force most citizens to spend hours in line to purchase basic goods while the better-off are shopping online.

Las Vegas casinos get green light to reopen next week

May 27 (UPI) -- Las Vegas casinos began preparing Wednesday to reopen after Nevada Gov. Steve Sisolak gave them the go-ahead as part of his plan to restart the state economy.

Trinity Biotech expects Covid-19 immunity test to be authorised shortly

Irish life sciences company also at advanced stage in developing 12-minute diagnosis test

McDonald’s announces all Irish drive-throughs to reopen on June 4th

High levels of anticipated demand will see each location revealed on morning of opening

Telkom books 3.5 percent profit growth in 2019 as demand for internet services rises

PT Telekomunikasi Indonesia (Telkom) booked Rp 18.6 trillion (US$1.11 billion) in profit in 2019, up 3.5 percent from the preceding year.

Swiss companies must help pay rent for employees working from home: court

The court made the ruling in a case brought by an employee of an accounting firm, who claimed his company was responsible for part of his rent while he was forced to work from home, Swissinfo

Bitcoin’s bounce back over $9,000 masks a potential downtrend

Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.

Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone

When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.

NIDLP grants SR5 billion loans to 40 Saudi firms

The National Industrial Development and Logistics Program (NIDLP) has granted loans amounting to SR5 billion to over 40 Saudi exporters and increased private sector investments to over SR35 billion, Okaz newspaper reported.

50% are likely to increase online spends: Survey

Nearly half of the consumers in India are likely to increase their spending on the online shopping platforms, even for traditionally offline categories such as vitamins, supplements, fresh food, home

Discom reduces T&D losses to 6.64%, says CMD

‘Steps have been taken to solve problems of consumers’

Docker hopes to resurrect its fortunes with new developer focus

Docker kicks off its annual developers conference this week as the company tries to demonstrate that its turnaround strategy is gaining momentum.

SK Telecom: Still Waiting For Positive Change

SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa

Go Long On SinoPharm Group's HKEX Ticker 1099:HK

There are obvious risks investing on Chinese companies right now. President Trump is hell-bent on winning his re-election via anti-China tirades. Most U.S. stoc

Tencent seeks US$6 billion in bond sale as protests hit Hong Kong

Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...

Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman

Norsa helmed the Florence-based company for 10 years, exiting in 2016.

PR Consulting Shutters L.A. Office

A growing number of p.r. firms have been impacted by COVID-19 as fashion companies postpone shows and events and pull back on advertising.

Dechra Granted Clearance To Acquire Osurnia From Elanco

The Commerce Commission has granted clearance to Dechra Pharmaceuticals PLC, Dechra Limited and Dechra Veterinary Products LLC to acquire the assets, rights and liabilities relating to Osurnia from Elanco Tiergesundheit AG.

‘Although the battle against COVID-19 is uncertain, we will prevail!” – Lawrence Wong

‘Although the battle against COVID-19 is uncertain, we will prevail!” – Lawrence Wong

Coffee quality likely to drop as farmers struggle to offload unsold harvest

Kampala, Uganda | THE INDEPENDENT | The quality of coffee from a lot of farmers will likely be compromised as many who failed to get buyers to take their produce decided to heap it in their homes. This is according to the Uganda Coffee Development Authority (UCDA) managing director Emmanuel Ilamulemye, who spoke during an …

Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore

Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore

Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg

FBR to facilitate businessmen in tax matters

Budget proposals sent by the Islamabad Chamber of Commerce and Industry (ICCI) would be given due consideration and they would be helpful in finalising the federal budget for 2020-21, said Federal Boa

Wholesaler Quality King sued by AG for alleged coronavirus price gouging

“Quality King’s profiteering during this time of crisis is appalling,” said Attorney General Letitia James. “Instead of ensuring New Yorkers could protect themselves from this virus and stop

Two more states opt out of PM crop insurance scheme

Under the new insurance scheme, the provision that caps the central subsidy in the premium rates to 30% for unirrigated areas and 25% for irrigated areas has also discouraged states.

Government tracks package rollout to gauge impact on ground

Officials said the focus is on implementation of the measures announced in the package before any fresh ones are undertaken. "Focus, right now, is to implement the various elements of the package... A number of them need cabinet approval. So, the process has been set in motion," said one of the officials.

From NCLT to upper circuit: The comeback of Alok Industries

The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.

Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

Chris Newkirk is coming to Visa Inc. as its new chief strategy officer.

MSMEs in Visakhapatnam get first instalment of pending incentives

AP Chambers lauds Chief Minister’s initiative

G.R. Chintala is new chairman of NABARD

G.R. Chintala is the new chairman of the National Bank for Agriculture and Rural Development (NABARD). He has served in various capacities in the bank, including as managing director, NABARD Financial

Of firms and nations

In the post-COVID world, the relevance of the work of Williamson and Alesina will only deepen

Slum project gets corpn. nod

The ₹19-crore initiative to be implemented in three areas of West Kochi

Pay special daily allowance to contractual workers: Bombay HC tells NMMC

Judge says it was unfair of the corporation to differentiate between them and regular employees

Helping supply chains recover

Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help

Markets begin cautious return to normalcy

Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months

Wales warned of 'really rough time' in post-coronavirus recession

'I think what we can probably expect to see in terms of a recovery in Wales is a stop/start recovery which is probably going to take some time'

Covid-19 and Capitalism

How the profit model is breaking downBy: Ahmad SherazThe ongoing viral crisis in the world is novel in the way it has involved life everywhere on the planet unequivocally. The human race i

Mint Lite | Foreign fund bond holdings at three-year low and other news to know

Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day

Tesla Slashes Prices By Up to $5,000 on Almost Every Vehicle Line

This site may earn affiliate commissions from the links on this page. Terms of use.

Aer Lingus cabin crew in Shannon to be temporarily laid off

Staff at Dublin and Cork airports face further pay and roster cuts.

Building an unbeatable business starts with the innovation stack | ZDNet

Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.

Elbit Systems Firing On All Cylinders

The military defense industry is one of the essential industries during crises but Elbit's sentiment and fundamentals are strong offering a safe investment espe

Oil - It's A Terrible Time To Be A Refinery, But There Might Be Light At The End Of The Tunnel

Refining margins remain in the dumps as crude rally outpaces product prices. Global refining margins indicate if crude doesn't pullback soon, we could see throu

Weekly Closed-End Fund Roundup: 2 Upcoming Mergers (May 17, 2020)

1 out of 23 CEF sectors positive on price and 8 out of 23 sectors positive on NAV last week. A little bit of alpha available from MNE and SRF/SRV mergers. GER/G

Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months

Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The

Govt Delivers Security For Construction Subcontractors

Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.

Yet Another KiwiBuild Flop

The ongoing KiwiBuild disaster has dashed more hopes for would-be first-home buyers in Wellington, National’s Housing and Urban Development spokesperson Nicola Willis says.

Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations

The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.

UFC files four trademarks for ‘UFSEA,’ including events and merchandising

The UFC is adding "UFSEA" to its list of trademarks.

Merkel: No budget deal in June, but must come by fall

Chancellor cautions she expects ‘difficult’ negotiations ahead.

Netflix Stock Is a Win No Matter Where the Pandemic Goes

NFLX stock is more than just a pandemic play. The firm will likely continue to perform in the quarters ahead despite the economic downturn.

Marathon Oil Stock Still Deserves Your Attention Despite Analyst Concerns

A couple of high-profile financial firms are firmly bearish on Marathon Oil, but there are two sides to the story for MRO stock.

Why Patience Is Key When It Comes to DraftKings Stock

The sports betting market offers a huge growth runway and DraftKings stock is a play on it, but the share price has gotten too high.

Tractor Supply News: Why TSCO Stock Is Surging 8% Today

Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.

General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale

General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.

A new but familiar custodian at the Public Investment Corporation

Finance Minister Tito Mboweni, who oversees the Public Investment Corporation’s operations, announced that Cabinet has approved the appointment of Abel Sithole as CEO for five years. Sithole is currently the principal officer of the Government Employees Pension Fund — the PIC’s biggest client.

Our faiths call on us to care, protect and love this incredible planet of abundant life

For many years, faith communities, scientists and environmentalists have been warning political, and business leaders about the dangers of climate change and environmental destruction. Covid-19 is pointing to the reality that climate change and biodiversity loss will increase the crises we face, of poverty, starvation, migration, violence and conflict.

Winter of discontent looms for mining sector

As the mining sector gears up to resume full production from June, the Minerals Council South Africa sees a 6%-10% contraction in overall mining production for 2020 because of the Covid-19 impact. It is also satisfied that its screening and testing measures are working. Unions would beg to differ.

Why NIO Stock Is Rising Today

An analyst upgrade ahead of earnings is giving shares a boost.

SGX plunges most in 17 years as MSCI inks agreement with Hong Kong

SGX's stock fell close to 12%, the most since 2003, amid concerns over revenue loss

‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung

‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung

ASI team discovers monolithic Shiva Linga in Vietnam! India extends a helping hand to restore Cham Temple Complex

The temple complex was built in the 9th century A.D. under the reign of King Indravarman II who also built the famous Dong Duong Buddhist Monastery in Quang Nam Province.

Bellagio, MGM Grand, Caesars Resorts to Reopen in Las Vegas on June 4

Multiple casino-resorts plan to open their doors amid COVID-19 world restrictions and new safety protocols.

Economy contracted by 1.7 per cent in March quarter - PIOJ

Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...

Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD

However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt

New Jersey Bill On Table To Boost Solar In Equitable Way

New Jersey State Senator Troy Singleton recently introduced the NJ Clean Energy Equity Act, S. 2484, to help low-income New Jersey families benefit from solar, storage and energy efficiency. Senator Singleton explains the necessary and positive step: “All New Jerseyans — regardless of their zip code or socio-economic status — must have access to the many

Nissan and Renault Divvy Up Production Responsibilities

Nissan and Renault opted against a full merger on Wednesday, but neither side seemed to feel now was the time to disband the alliance and see how they might fare as a solo act. Every member of the Renault–Nissan–Mitsubishi Alliance took time to address financial concerns last year, encouraging further product integration as a cost-mitigation strategy. […]

Occidental is sued by shareholders, bondholders over Anadarko merger

NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.

Bertha weakens to tropical depression: NHC

(Reuters) - Bertha, the second named storm this Atlantic hurricane season, has weakened to a tropical depression, the U.S. National Hurricane Center (NHC) said on Wednesday.

Lufthansa bailout 'in Europe's best interests'

German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.

Consumer sector seen de-growing by 2-4%

Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...

Hyundai Australia extends warranties again due to COVID-19

Hyundai has extended its warranty for another month, as many cars spent less time on the road during coronavirus lockdowns.

Blizzard cancels BlizzCon 2020, will consider an online variant next year

This news likely won't be coming entirely out of left field for some of our more avid readers. As we reported last month, Blizzard has expressed uncertainty about BlizzCon's viability in the current health climate. However, event organizers were hopeful…

MSMEs set new world record for largest online business lesson

The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.

Migrant workers return to job market: Employment condition may soon revive as job hunt begins

A stable unemployment rate and a rising labour participation rate imply an increase in the employment rate.

How co-working spaces can restart post Covid-19 lockdown

Many co-working spaces are already framing drastic measures to restart their business post lockdown, ensuring the safety of members and hygiene of premises at the highest level.

Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs

In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs

PSG Group to offload 28.11% stake in Capitec to shareholders

Post-unbundling it will retain a 4.3% shareholding in the bank.

DFCU boss elected new UBA chair

The new leadership assumes responsibility at a time when the industry has registered significant improvements

Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses

Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner

Kuwait’s crude oil rises $2.14 pb on Tuesday - KPC

Mubasher: The price of Kuwait’s crude oil reached $28.61 per barrel (pb) on Tuesday, 26 May, up by $ 2.14, compared to $26.47 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC). The global oil market …

Brazil's largest city Sao Paulo to reopen malls for 15 days as of June 1

SAO PAULO (Reuters) - Malls and street shops will be allowed to reopen in Sao Paulo, Brazil’s largest city and the epicenter of its coronavirus outbreak, for 15 days as of June 1, according to a plan unveiled on Wednesday by Governor Joao Doria and Mayor Bruno Covas.

Ires defends 40% fee hike for its chairman

Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019

Housing and transport among issues left in 'horrendous' Government formation talks

Government formation talks between Fine Gael, Fianna Fáil, and the Green Party have been described as “horrendous” by one TD.

Amazon trucks could soon be self-driven: Ecommerce giant may buy robo-taxi startup Zoox, says WSJ

Zoox was founded in 2014 with a mission to build a “fleet of fully autonomous, battery electric, zero-emission vehicles

Govt disburses $202 million for 5 million poor families via village funds program

In total, some 63,000 villages of the nearly 75,000 villages in Indonesia have received village funds.

Ryan "not obsessed" with leadership amid Green Party challenge

Eamon Ryan has said he will be happy to work with Catherine Martin if she takes his leadership of...

Cities being “hung out to dry” on COVID-19 funding

What's the holdup? The issue has become “a jurisdictional hot potato" says the union representing Canada's municipal employees

We may not like it, but we need China's money now more than ever

Diversifying the export economy is a worthy goal – but let's be realistic about what throwing away a critical relationship with China would mean for New Zealand, writes Stephen Jacobi of the NZ International Business Forum. In a 2018 study of 183 economies’ dependence on China, undertaken by the

Ethereum’s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months

The use case that helped power Ethereum's record-setting string of positive weekly closes in early 2020, has now gone parabolic.

Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?

Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse

THE BIG READ: Food inflation looms as US meat industry tries to restart

Stuffed into a meat factory like a pack of sardines with little space to move.

You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy

The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.

San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG

Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi

Samsung Partners With SoFi For Mobile-First Money Management Experience “Samsung Money By SoFi”

Samsung Electronics America, Inc. announced on Wednesday it has teamed up with SoFi to launch Samsung Money by SoFi, a new mobile-first money management experie

Revolutionary changes made in A.P.’s education sector: Minister

Welfare schemes will help underprivileged students chase their dreams, he says

I’ve not violated AfDB’s code of ethics – Adesina

The President of the African Development Bank, AfDB, Dr Akinwumi Adesina, has reiterated his confidence in the integrity of the Bank

Portugal 2020 paid 760 ME in advance between March and May

The Government paid, between March and May, 760 million Euros in advances to the beneficiaries of Portugal 2020, to which was added another 89 million Euros in repayments that companies did not have to make, was announced on 27 May.

SEZAD keeps project deadlines while ensuring COVID-19 safety

While taking all precautionary measures to combat coronavirus, the Special Economic Zone Authority at Duqm (SEZAD) has also implemented its plan to complete the infrastructure projects for the zone, particularly Duqm Port, according to Yahya bin Said Al Jabri, SEZAD Board Chairman.

Goldman Sachs president says bank on track to meet growth goals

By Elizabeth Dilts Marshall NEW YORK (Reuters) - Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus. However, the economic shutdown has caused some negative impacts, and the bank will be slowing down hiring plans for its private wealth management division and delaying the launch of a digital wealth management product to next year, Waldron said. Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest U.S

EU reactions to Commission 750 bln euro coronavirus recovery scheme

BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan

New Jersey businesses seek reopening plan as they worry about survival

The New Jersey Senate Fiscal Recovery Strategists Committee heard some sobering numbers on Tuesday from businesses shut down by the state to slow the spread of COVID-19.

Greek PM praises 'huge step' of European recovery bid

Greek Prime Minister Kyriakos Mitsotakis on Wednesday hailed a proposed EU coronavirus recovery package as a

WHO launches foundation to put finances in better health

The World Health Organization on Wednesday launched a new foundation for private donations, as US President Donald Trump threatens to pull the plug over its handling of the COVID-19 pandemic.

Chinese Embassy instructs businesses operating in Namibia not to retrench workers

-Chinese businesses operating in Namibia are under instructions not to retrench their local workers due to the impact of COVID-19.

Minister Shiimi announces increases to tax on alcohol, tobacco

-In line with the Southern African Customs Union (SACU) agreement, the Finance Minister also announced increases to tax on alcohol and tobacco, effective from 27 February 2020.

Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis

"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard

Gold picks up as market sentiment sours

XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are

Amazon provides free COVID-19 health insurance for its sellers

Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements.

FG urged to allow NPDC manage OML 42, probe current operator

Federal government has been urged to allow the Nigerian Petroleum Development Company , NPDC,  to manage the Oil Mining Lease , OML 42,

How Small Businesses Can Soften the Blow of Bankruptcy

Some dos and don’ts for those teetering on the brink

Rowdy Chicago trading pits face risky reopen, extinction threat

Pete Kosanovich can’t wait to put his trading jacket back on and return to the noisy Chicago pit where he’s worked for 17 years. The burly former football player is known on the floor by the letters “MGLA” printed on his badge, a nickname referencing the 1960s cartoon “Magilla Gorilla.”

Newsom: California gyms could get reopening road map soon

Newsom said the state is prepared to release guidance in the "very, very near future" as California continues to incrementally restart its economy.

Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs

Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.

Why is migrant exodus giving Punjab industry the jitters?

According to rough industry estimates, 80 per cent of Punjab's industry is dependent on migrant workforce. This trend of employing workers, mainly from UP and Bihar, started in way back 70s

UGC drops online content fee proposal

Under the scheme, universities were to be asked to pay to Centre’s e-content platform 15% of their collections

Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know

Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.

U.S. economic activity fell sharply due to coronavirus disruptions, Fed says

Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.

Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped

A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.

Google Ads credits for SMBs start rolling out

The $340 million program will phase in over the coming weeks.

City projects under budget

Over the last 20 or so months, the City of Kamloops has worked millions of dollars worth of projects, the majority of which came in below budget.

Reopening optimism fuels stock market surge

Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

Management One Taps Michael Alic for President Role

Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.

EXCLUSIVE: Is The RealReal, Phillip Lim Resale Partnership a Modern Solution in Difficult Times?

Phillip Lim embraces resale, partnering with The RealReal for an archive sale of season’s past.

Lacoste Appoints Robert Aldrich as North American CEO, Pedro Zannoni as Latin American CEO

Pedro Zannoni has been tapped as Latin America region ceo.

Informa Teams With NuOrder to Digitalize Trade Show Experience

The trade show operator and e-commerce platform will work to bring brands and retailers together.

Gucci Changes in Sync With the Zeitgeist

Observers believe shaking the industry's unwritten rules was long overdue and that the pandemic has accelerated the trend,

Alibaba Won't Be Delisted (I Think)

The Senate passed bill S.945, which is generally marked as the bill that will delist Chinese companies. If the company doesn't comply for three years in a row,

GBP/USD: Off two-week top under 1.2400 amid US dollar pullback

GBP/USD steps back from two-week top to 1.2320, down 0.11% on a day, while heading into the London open on Wednesday.

Save On ends pandemic pay

The union representing workers at Save-On-Foods is asking the chain to extend the pandemic premium for employees.

Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

Updates from the world of economy, markets, and finance

The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional

The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.

Rich Listers gush manufacturing nonsense

There is nothing more amusing than miners and realtors governing a manufacturing revival. At the AFR of course:

Are new car sales about to boom?

According to Robert Gottliebsen, new car sales may be about to boom:

China’s president calls for long-term perspective to deal with economic challenges

China’s president calls for long-term perspective to deal with economic challenges

Turkey looks to weather coronavirus crisis without IMF support

Erdogan resists taking assistance despite looming balance of payments crunch

Business will be the loser in the US-China fight

Both nations are indispensable, so companies face a two-track world

EUR/USD: Extra gains expected above 1.1020 – UOB

FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s

USD/JPY Price Analysis: Bounces off intraday low to regain 107.50 as risks dwindle

USD/JPY pulls back from the daily bottom to 107.55 ahead of the European session on Wednesday. In doing so, the yen pair recovers from 21-day EMA whil

Coronavirus update: Germany virus reproduction rate drops further to 0.70

According to the latest data from the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cas

Gold Price News and Forecast: XAU/USD bounce from sub-4H 200-SMA has stalled

Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char

Stocks Have a Psychologically Important Day

Passing key landmarks on the S&P 500 may have caused traders to reconsider why they have pushed the market so far.

Amazon-backed Rivian reopens factory to build parts for upcoming electric SUV

Amazon-backed electric car startup Rivian, has reopened its factory following a temporary shutdown in response to the coronavirus pandemic.

Morrison is chasing votes at the expense of exports

We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.

'Fight for every job': University union on war footing

A day after Scott Morrison urged all sides to 'lay down their weapons', the university staff union have threatened widespread industrial action.

Apple Is Reopening 100 Retail Stores in the United States

Apple will be reopening 100 stores in the United States, based on easing restriction and data on local COVID-19 spread.

Council pulls funding for GC Show, won’t back December event

There was funding obviously allocated for this year and we had a funding agreement through to 2022, but of course this year with the uncertainty we are not going to be able to support the show for…

LIVE: House hearing on the spike in electricity bills

Watch the hearing live on Rappler

JP Morgan chief economist forecasts 'strong rebound' in Indian markets

The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan

Titan dips 2% as Co gives biz update, defers launch of jewellery collection

Titan expects cash outflow to be recovered when sale of jewellery restarts

Karnataka to slash stamp duty on new apartments costing up to Rs 35 lakh

The Chief Minister directed that the stamp duty be cut from the existing five per cent to two per cent on apartments costing less than Rs 20 lakh, getting registered for the first time

MultiChoice makes DStv, GOtv customers offer to cushion COVID-19 impact

With the novel Coronavirus (COVID-19) pandemic ravaging the world currently, the global populace is being inundated with a new forced reality. Loved ones have fallen ill with some, sadly, passing away, businesses have been shut and social movement and interaction have been greatly limited.

CoCo Bond Investors Face a Covid-19 Reckoning

The coronavirus pandemic is even starting to affect the highly specialized world of bank capital

In crisis times, clear communications deliver

Not just external, businesses must work just on the messaging

Satellite player SES signs on to FCC C-Band plan

Satellite service provider SES laid out plans to invest $1.6 billion in new kit, as ...

WGA Wants Higher Streaming Pay, Foreign Film Residuals

The Writers Guild of America listed eight major goals it's pushing towards in talks with the Alliance of Motion Picture and Television Producers.

Historic Shropshire castle could be permanently closed due to impact of coronavirus crisis

One of Shropshire's historic tourist attractions could close for good according to trustees who warn lockdown has reduced its income to zero.

Edgy Surry Hills offices hit the market

Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.

Lew jnr to bolster his group with MyHouse acquisition

It could almost be time to head to the clearing house. 

Regional pubs snapped up as industry prepares to reopen

The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.

Chicago to reopen trading floor with masks

New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.

Vietnamese businesses ‘swim against the stream’ to seek profit - VietNamNet

While many businesses have had to take big losses because of Covid-19, other businesses have reported profits with 2-digit growth rates.

COVID-19: Jonathan tasks Africa to look inward for solutions

AS the COVID-19 pandemic continues to ravage the world, Former President, Dr Goodluck Ebele Jonathan, has tasked African

Crude Oil Futures: Look neutral near-term

In light of advanced data for crude oil futures markets from CME Group, open interest dropped for yet another session on Tuesday, this time by just 30

FX option expiries for May 27 NY cut

FX option expiries for May 27 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0930 871m 1.0990 1.0bn - GBP/USD: G

Gold Futures: Downside seen shallow

Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar

Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year

Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

Daily Rupee call: Rupee might strengthen

The rupee (INR) opened today’s session largely unchangedat 75.67 versus Monday’s close of 75.66. As the domestic currency has been consolidating between 75.6 and 76, and is now trading near the resist

Food in a Tinderbox

The restaurant industry is close to irreparable damage. Can it be saved?

Government has come good for the farming sector – Fulton

WESTERN BUREAU: JAMAICA AGRICULTURAL Society (JAS) President Lenworth Fulton has said the Government has come good for the agricultural sector, having set aside J$1 billion in the 2020-2021 Budget to keep the sector afloat amid the onset of COVID-...

PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt

With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown,  Inox stock has lost 17.77% and PVR share price is down 39.20%

Coronavirus in Navi Mumbai: Full list of COVID-19 containment zones under Panvel Municipal Corporation including Kamothe, Kharghar, New Panvel, Kalamboli as of May 27

Finding working capital is key to small businesses efforts as reopening accelerates

Small businesses are suffering affer a long pandemic shutdown and they are worried about what will be needed as they begin to reopen. Interviews with a select group of small business owners found that access to working capital is key to reopening, as well as clear guidance from government or trade organizations about how to reopen safely during the pandemic.

ATO flags regional office closure

The Australian Taxation Office has begun consultations on plans to shut down its Geelong office.

State ownership of airlines may be side effect of coronavirus

Michael O’Leary’s anger over Lufthansa’s €9bn state bailout is understandable

Banks move to avert fresh arrears crisis

The initiative is aimed at avoiding a cliff-edge effect at the end of September

Seoul to fund $4.9m in UNESCAP aid for North Korea

The Unification Ministry on Wednesday said it will provide North Korea with $4.9 million in aid through a UN agency, to support enhancing the country’s statistics program.  The decision to fund the project by the United Nations Economic and Social Commission for Asia and the Pacific was made during a civilian-government committee on inter-Korean exchanges. The project will last six years, and Seoul has se...

Banks' lending rates further drop in April on aid package

Lending rates on fresh loans extended by banks in South Korea dropped sharply from a month earlier in April, central bank data showed Wednesday, apparently due to stimulus measures that supplied massive funds to businesses hit by the new coronavirus outbreak. The average interest rate on fresh bank loans came to 2.8 percent in the month, down 11 basis points from 2.91 percent the previous month, according to prelimi...

[Feature] Chinese solar firms suck air from Korean industry

Although South Korea’s No. 1 solar module maker Hanwha Q Cells’ power business posted a record operating profit of 100 billion won ($81.4 million) in the first quarter, it faces challenges not only from the demand crunch due to the COVID-19 outbreak but also its weak price competitiveness against Chinese rivals. On May 15, Korea Electric Power Corp. announced it would build solar power generation facili...

GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business

schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...

Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share

The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.

Drug wars: how AstraZeneca overtook GSK in UK pharma

With new cancer drugs and a vaccines partnership with Oxford university, AZ’s turnround has boosted the industry in Britain

Coronavirus accelerates shift away from cash

Pandemic encourages more businesses to move to contactless payments

Dark times for Britain’s theatres

Shakespeare’s Globe and the Old Vic in London are among those threatened with closure

TikTok revenue surged during the lockdown, setting new record in April

It's become apparent that TikTok is one of the fastest growing apps in the social media space, with China, India, and the US as its primary growth hotspots. According to a new report from SensorTower, the app and its Chinese…

Australian construction work fell in Q1

The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:

Business, unions decide reform is too hard

Big news: nothing will happen! At New Daily:

ASX bath of blood drains into bank rip

The Australian dollar is pulling back a little from the overnight surge:

Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

EnergyWare, LLC Extends Thanks to Its Customers

SUNRISE, Fla., May 26, 2020 /PRNewswire/ -- While the country is responding to the coronavirus pandemic, and close to 30 million Americans have fi...

'Brand New Zealand' needs to be more than an empty slogan

It makes sense to focus on our unique selling points as a country during the post-Covid rebuild. But we also have to live the values we market to the world, writes Jessica Desmond. Earlier this week 'future of food' expert Rosie Bosworth wrote that to turbo-boost our Covid recovery, New Zealand s

NordStar Capital to Acquire Torstar

NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...

China’s Meal Delivery Service Meituan Now Valued At $100B

Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.

Registration fee cut for flats costing less than ₹35 lakh

To provide a boost to affordable housing, the State government has decided to reduce registration fee from 5% to 2% for each housing flat that costs less than ₹20 lakh and from 5% to 3% for housing fl

S. Korean duty-free operators grapple with pandemic-caused biz slump

South Korean duty-free shops are struggling to cope with an industry-wide slump as flight suspensions and a subsequent fall in the number of customers have severely dented their sales amid the new coronavirus pandemic. With no imminent signs of business turnaround, duty-free operators have called for support measures from the government, including an additional cut in airport rental fee. Duty-free stores saw their ...

[Monitor] Air transport hit hardest by pandemic

The production performance of many Korean companies was found to have deteriorated in the first quarter this year due to the global economic downturn and the impact of the pandemic, latest data showed Wednesday. Local corporate tracker CEOScore surveyed 127 companies, which submitted quarterly reports and disclosed their production capacity and performance, among the nation’s top 500 companies. According to...

Doosan likely to finalize self-rescue package next month

South Korea's cash-strapped Doosan Group is likely to finalize its self-rescue plan next month, as creditors have yet to vet the books of the group's affiliates, industry sources said Wednesday. The country's 15th-largest conglomerate last month submitted to creditors, including the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank), a plan to sell shares and non-core assets in a bid to secu...

Amtrak set to cut up to 20% of workforce by October

Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...

Modi govt denying people benefit of low oil prices; no other nation doing so: Moily

When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.

Govt drops plan of suspending banknotes’ varnishing

SBP gave propos­al on fear of machin­ery breakd­own during pandem­ic

Eid shopping loses momentum

People buy goods in limite­d quanti­ties as purcha­sing power shrink­s

Sugar price remains at high levels

Sweete­ner costs more despit­e ongoin­g cane harves­ting, sugar produc­tion season­

Cognizant will ask 400 more executives to leave

India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an

Boeing’s India operations to be largest outside US

India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component

Google to gradually return to work as Apple reportedly plans to re-open more stores | ZDNet

'Googlers' will get $1,000 to make work from home life more accommodating.

Florida revenues fall by nearly $900 million amid pandemic

The state of Florida might have lost nearly $900 million in tax revenues in April, as the coronavirus pandemic siphoned away tourist dollars and other revenues from the state’s coffers.

Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair

Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.

Active Managers Continue To Flounder

Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei

Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now

This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of

Covid-19 package — World and India

Thomas Carlyle called economics “a dismal science”. Multiple opinion production by dismal economic scientists continued into the 21st century.

Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled

Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char

Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus

Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul

Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700

Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped

WTI Price Analysis: Seesaws around $34.00, near to break immediate triangle

While flashing yet another move inside a short-term symmetrical triangle, WTI drops to $34.07, down 0.60% on a day, during Wednesday’s Asian session.

India’s weekly unemployment rate continues to be over 24%: CMIE

As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.

800 export consignments stranded at Lagos ports

ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen

Centre asks states, UTs to negotiate with private labs, bring down test price

Incidentally, 182 private labs in the country make up 29 per cent of the total testing infrastructure. There are 428 government laboratories where Covid testing is currently taking place.

Performance Kia Promotes Special offers on New Kia Sportage Models

MOOSIC, Pa., May 26, 2020 /PRNewswire-PRWeb/ -- The Performance Kia dealership in Moosic, Pennsylvania sells sedans, hatchbacks and SUVs. Among SU...

Liquidation of companies still the most likely outcome under IBC

January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues

Will work ever be the same again?

Three CEOs present scenarios that overturn widely accepted notions about working and the corporate workplace

Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure

Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr

Argentina based Fintech Ohana to Launch Digital Wallet to Help Locals Pay for Daily Services via QR Codes, Send Money, Settle Taxes

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and se

Falling CNY sends out another AUD warning

Another new low for CNY this afternoon:

Qatar turns the LNG screw

More excellent news for Australian energy prices. Qatar is flooding the global market, at the AFR:

German ECB executive shrugs off court ruling against bond buying

Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank

UK economy faces 5% annual deficit by 2024, say economists

Survey forecasts coronavirus undermining Britain’s public finances until next election

Chief Minister: No 30% rise for key workers

KEY workers employed by the government will not get a 30% pay rise during the pandemic, the Chief Minister has said, after a petition calling for the move gathered more than 1,000 signatures.

Experts seek review, sustainability measures as airports reopen Friday

Aviation stakeholders have urged the Federal Government to constitute a committee to review the aviation sector and its sustainability

Petrol, diesel prices stable in Delhi, Hyderabad, Chennai, Mumbai - 27 May 2020

Petrol and diesel prices on 27 May 2020: Petrol and diesel prices have been stable at all major cities on Wednesday.

Tesla = #1 In Brand Loyalty In Norway & #16 In Customer Satisfaction

By Johnna Crider & Zach Shahan A new study has found that Tesla has the highest brand loyalty in Norway. Additionally, the Norwegian news site Dagens Naeringsliv shared that despite Tesla falling a bit in Norwegian customers' eyes in early 2019 in terms of overall customer satisfaction (a different category from brand loyalty), the company is now

DBSA seeks loans to plug funding gap

Potential lenders include the African Development Bank, the New Development Bank and Agence Francaise de Developpement.

Celebrating Africa Day

It’s a tribut­e to Africa’s succes­sful strugg­le agains­t coloni­alism, aparth­eid and applau­ds the progre­ss it has made

Pakistan needs debt relief

Global credit­ors need to waive both offici­al bilate­ral and commer­cial debt for low-income countr­ies

Money Matters

Managing your money can be tricky. Send your queries, and personal finance experts will help you resolve any issue

If plans fructify, NHPC will become world’s largest floating solar company

So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major prop

Deakin Uni's timely cloud prep helps 62,000 students move online during COVID-19 | ZDNet

Online learning never seemed so seamless for the Melbourne-based university.

Efficacy of Financial Literacy Programmes

Financial institutions- markets-instruments- services are lifeblood of an economy. These perform significant role in developing society. Modern societies

ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling

In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli

USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range

USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows

EUR/USD put bias weakest in over two months, risk reversals show

One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha

Pratt: tap super to fuel a manufacturing recovery

Corporate leaders including the Visy boss say exploiting competitive advantages is the key to reviving manufacturing that could lead Australia out of the coronavirus downturn.

Checkout.com buys Perth-based Pin Payments

Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.

No-touch new car buyers drive towards Let's Haggle

An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.

No quick return to bank share buybacks, says Jamie Dimon

The head of America’s largest bank predicted another big provision for loan losses in the second quarter.

Experience with GST holds valuable lessons for One Nation One Ration Card

If done well, One Nation, One Ration Card, could lay the foundation of a truly national and portable benefits system that includes other welfare programmes like LPG subsidy and social pensions.

Nikkei pauses as profit-taking hits transport stocks

SYDNEY — Japan’s benchmark stock index Nikkei paused on Wednesday after hitting a 2-1/2-month high in the last session, as investors locked in profits from recent strong gains in transport companies.

Film, TV Industry Reopening Guidelines Coming 'Later in the Week,' Newsom Says

Gov. Gavin Newsom said "industry and labor" groups wanted to "tighten up some aspects of their guidelines"

National's new agriculture spokesperson David Bennett accuses Government of using farmers to just 'pay the bills'

David Bennett took over the position of spokesperson after Todd Muller became the party's new leader.

Greece and Egypt talk tourism in post-pandemic era

Greece’s Tourism minister Harry Theoharis spoke with his Egyptian counterpart on Monday, where they discussed closer tourism collaboration in the

Think tank mulls digital accounts

Discus­ses findin­gs of Financ­e and Bankin­g Commit­tee to improv­e liquid­ity, lendin­g

PBOC injects $16.8 billion via reverse repos, keeps rate unchanged

With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.

Pandemic behind proposed city budget cuts

Oklahoma City will try to minimize layoffs while cutting jobs in the upcoming fiscal year to make up for the COVID-19 pandemic's battering of government revenue. Budget Director Doug Dowler went over the proposed 2020-21 budget Tuesday with the city council. Public budget hearings will continue weekly through June 16, when a vote to adopt the budget is scheduled. The new spending plan takes effect July 1. City executives held out hope the blow would be lessened by Congress, which could authorize federal funds to offset sharp drops in sales tax and other revenue sources. "We're working every angle we can," said Mayor David Holt. The $1.658 billion budget proposal includes: • Freezing positions for 34

Coronavirus in Oklahoma: Gasoline prices push higher as demand begins to return, AAA reports

Gas prices for drivers across Oklahoma and the nation climbed over the past week. Nationally, the average cost of a gallon of gasoline Tuesday was $1.96, while in Oklahoma, drivers were paying an average of about $1.63 per gallon for fuel, AAA officials said. About a week ago, the national average for a gallon of gas was $1.88, while Oklahoma drivers were paying about $1.55 a gallon. Tuesday’s per-gallon averages, while up, still are dramatically lower than they were a year ago (87 cents lower nationally, and 92 cents in Oklahoma). Indeed, drivers over the Memorial Day holiday enjoyed the lowest fuel costs seen over that period since 2003, officials said Tuesday.

Oklahoma oil prices and drilling report for May 27, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $30.75 Oklahoma Sour: Sunoco Inc. — $18.75 Oklahoma oil and gas drilling activity posted May 11: COMPLETION Blaine: Paloma Operating Co. Inc.; Hammerhead 20-15N-10W No. 3MH Well; NE1/4 NW1/4 NW1/4 NW1/4 (BHL) of 20-15N-10W; 627 barrels oil per day, 816,000 cu-ft gas per day, TD 16,227. Carter: Mack Energy Co.; SW Wildcat Jim Deese Unit No. 7-1 Well; NW1/4 SW1/4 SE1/4 SW1/4 of 06-02S-02W; 1 barrels oil per day, TD 4,372. Kingfisher: Paloma Operating Co. Inc.; Sand Hills 25-15N-6W No. 3MH Well; E1/2 SW1/4 SW1/4 SW1/4 (SL) of 24-15N-06W; 216 barrels oil per day, 52,000 cu-ft gas per day, TD

Inhofe says Justice Department has cleared him in stock sale inquiry

The U.S. Justice Department has cleared U.S. Sen. Jim Inhofe of wrongdoing in the sale of stocks in five companies after a briefing about the spread of the coronavirus, Inhofe said Tuesday. Inhofe was among four senators whose stock trades were questioned because they followed a Jan. 24 briefing to senators about the pandemic’s imminent spread to the United States. “As I’ve said all along, I wasn’t even at the briefing and do not make my own stock trades,” the Oklahoma Republican said Tuesday. “I did nothing wrong, and I’m pleased the Justice Department has exonerated me.” The senator, whose stock trades have for years been handled by a portfolio manager, filed a report with the Senate showing that he

How long does it take workers to earn the equivalent of a $1,200 stimulus check?

Burned through your $1,200 stimulus check yet? There’s no doubt the aid has helped us keep our finances afloat in the wake of the COVID-19 outbreak. But the money especially has been a lifesaver for those who work in traditionally lower-paid occupations. According to a recent survey by LendingTree, fast food and counter workers average $11.18 per hour and need to work 107 hours — or about 2 1/2 weeks — to earn $1,200. Meanwhile, restaurant hosts and hostesses must work nearly 104 hours, or two more hours than cashiers, to make $1,200. Not as many hours are required for credit counselors and loan officers, compliance officers, and property, real estate and community association managers, who need work only 34