Dairy remains ‘resilient’ due to business model

JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.

Rising rivers force closures

Peak levels on the Thompson Rivers are still coming.

Iran to launch 200 new industrial, mining, and trade projects

The Iranian Ministry of Industry, Mine and Trade has announced plans to organise 200 new projects across the country by...Read More...

Trigon Metals acquires copper-silver project in Morocco

Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.

Australian Dollar Hit by News China will Now Target Aussie Coal Exports

The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia

Kudimaramathu works inspected

NAGAPATTINAMThe ‘Kudimaramathu’ works for strengthening of waterbodies undertaken by the Public Works Department in Kollidam, Mayiladuthurai and Sirkazhi panchayat unions a cost of ₹ 87 lakh were insp

KSDP makes a remarkable turnaround

State government’s drug manufacturing facility records profit of ₹7.13 crore

PICK Is The Pick Of The Litter For Inflationary Times

The ETF holds the cream of the crop. If 2008-2011 is a model, PICK will perform. Early 2016 through early 2018 shows the potential. Diversify risk with PICK. In

EDF asked to delay Sizewell C final plans consultation

Energy giant EDF is being asked to delay the formal consultation on its plans for a new £14billion nuclear power plant on the Suffolk coast until after the Covid-19 lockdown restrictions are lifted.

How passenger numbers collapsed at Stansted Airport in lockdown

Passenger numbers at Stansted Airport collapsed by more than 99 per cent in the first full month of the lockdown, new figures reveal.

norisbank, Part of Deutsche Bank Group, Incorporates Deposit Solutions to Offer Consumers Savings Options

norisbank, part of Deutsche Bank Group, has launched a deposit marketplace offering "selected third-party banks" savings options via Deposit Solutions. The Fi

Australia’s superannuation system drives inequality

Robert Lechte, a welfare-state advocate living in Melbourne, believes that Australia’s superannuation system “enshrines inequality”:

Aussie jobs market continues to improve

According to Pickering, new job postings have more than doubled since their low on 19-April:

Links 28 May 2020

Global Macro / Markets / Investing:

Investcorp closes €340 million for second Italian NPL Fund

Investcorp closes €340 million for second Italian NPL Fund

Vietnam needs more efforts to lure new FDI wave - VietNamNet

While other countries are setting up specific and clear priorities to attract FDI projects, Vietnam is still pursuing a strategy with multiple targets that could lead to missed opportunities.

Epizyme, Inc. Is Doing Everything Right But Its Shares Appear Fairly Priced

Tazverik's current FDA approval for an ultra-rare disease that, per our analysis, afflicts less than 200 patients/US/year (yes two-hundred, not a typo) & theref

Gambling craze invades Zimbabwe

Gambling has conventionally always been frowned upon as a social vice and vanity. Where it occurred, it was limited to the state lottery, horse betting, pink lo...

Australian Custom Tailoring Start-up InStitchu Expands Into Women’s Wear

The company anticipates its custom-tailored women's wear offer could account for 30 to 50 percent of its business within 12 to 18 months.

Hawke’s Bay Regional Council Plans A Climate Smart Economic Recovery

Hawke’s Bay’s Regional Council is focussed on stimulating a climate smart recovery to address the economic challenges facing the region from both COVID-19 and the drought.

Medical masks, gloves, PPE makers pitch for resumption of exports

Exporters want to attract buyers from US, Europe who are moving away from China

Torstar shares climb after privatization deal with NordStar Capital

TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.

Amar Akbar Anthony Would Be Indian Cinema’s BIGGEST Box Office Grosser Today Beating Baahubali 2 Claims Amitabh Bachchan

The late Manmohan Desais evergreen multistarrer "Amar Akbar Anthony" turned 43 on Wednesday, and the films talismanic hero Amitabh Bachchan resorted to discussing money matters a bid to show why the

Bill to regulate mobile money transactions gets committee nod

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and inadequate protection of payment and …

UTB to market Uganda as safest destination after COVID-19

Kampala, Uganda | THE INDEPENDENT | The Uganda Tourism Board (UTB) has unveiled plans to aggressively market Uganda as the safest destination to visit after the COVID-19 but also re-brand destination Uganda. UTB Chief Executive Officer Lilly Ajarova said that the COVID-19 pandemic has put the world tourism sector back to the same level and …

Karnataka Temples Open Doors For Devotees, E-Sevas Too Take Off

Karnataka temple bells to get ringing again from June 1. 

Ram Temple Construction Provides A Launching Pad For Development Of Ayodhya

Ayodhya will likely see much more development now that Ram temple construction has taken off.

COVID-19 impact: Supercar group McLaren to cut 1,200 jobs across group; cancellation of motorsport events hurt revenue

McLaren are the second most successful team after Ferrari in the sport’s history and gave Mercedes’ six-times world champion Lewis Hamilton his debut in 2007.

Challenger insurers are doing better than banks during COVID-19 

In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.

Germany's Scholz: Very likely that we will get an agreement on EU recovery plan

Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G

GBP/JPY Price Analysis: Pound weakens vs. Japanse yen, nearing the 132.00 figure

After breaking to its highest since the 11th of May 2020, GBP/JPY is retracing down breaking below the 132.25 support level. The spot is trading below the 200

British Land reveals fewer than half of retail tenants paid rent in March

The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.

Inflation Fears In A Deflationary World

Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk

Profitably Scaling Regional Cannabis (Podcast)

What does it take to scale U.S. regional cannabis brands and do so profitably? We talk to Aviv Hadar from Oregrown and Eric Ross and Ed Weidenfeld of District C

AT&T Vs. Verizon: A Comparison Of Debt

I conduct a comparison of AT&T and Verizon debt. I examined credit ratings, maturity, coupon, currency, and interest payments. After looking at all the data, it

Is American Airlines Worth Saving?

The U.S. airline industry is in the process of moving from payroll support grants which most carriers received to carrier-specific and optional loans from the U

UK Parliament is concerned about potential effects of the pandemic on the UK's cash infrastructure

Members of Parliament in the UK are concerned that plummeting ATM usage due to the pandemic may put its cash infrastructure in danger of collapse.

Greater Than has launched a cloud-based loyalty program

Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.

More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.

L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.

Amazon is planning a summertime sale separate from Prime Day

Amazon is planning a "Summer Sale" that would enable merchants to sell extra inventory they may have accumulated during the coronavirus pandemic.

Golden Ocean Group Limited 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Golden Ocean Group Limited in conjunction with their 2020 Q1 earnings call.

EU Commission updates working programme for 2020

The European Commission announced on Wednesday its updated work programme for 2020 as part of the EU's recovery plan. "The commission remains fully determined to deliver on its flagship initiatives, the European Green Deal and the Digital Strategy, as the...

App Annie: Mobile gaming will widen its lead over console and PC titles in 2020

As the pandemic rages on, mobile gaming and apps are a kind of salve. So much so, 2020 will be a blockbuster year for smartphone content.

African, global philanthropists team up to manufacture Covid-19 medical equipment in Africa

AFRICAN and global philanthropists have teamed up to help African nations secure urgently needed ventilators, breathing support devices and other medical equipment, in the battle against the Covid-19 pandemic. Prominent Zimbabwean business man, Mr Strive Masiyiwa, also co-founder of Higherlife Foundation, who has recently been appointed as an African Union Special Envoy to mobilise the private sector response to Covid-19, is leading a private partnership to start local manufacturing of the equipment. Working with fellow philanthropists such as Sir Richard Branson and Jeff Skoll, the group has identified two solutions, which will be manufactured in South Africa.  In a media statement, the group said the initiative will start with the production of 1,000 bridge ventilators, a design that was provided to this partnership for free by Virgin Orbit and has recently received emergency use authorisation by the US Food and Drug Administration (FDA). The model is designed with a price significantly lower than a normal…

Pound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar

The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks

Salaries get chopped for many Americans who manage to keep jobs

Americans taking pay cuts 'might have little, and in some cases maybe nothing, left over after that for discretionary purchases'

Rodents compound woes of traders

Their population has seen manifold increase in closed showrooms

Blowout at OIL well in Assam

Officials of the Oil India Limited (OIL) said efforts were on to bring under control a well in eastern Assam’s Tinsukia district that experienced a blowout — uncontrolled escape of gas — on Wednesday

Producers, exhibitors reach consensus over OTT release

Those who wish to release movies on digital platform must apply before May 30

Clarification to a Sunday Mail article dated 10/05/20: Scots banking tycoon accused of cashing in on coronavirus

We now accept that the source of the price increases was abroad and that Wright Cottrell had no control whatsoever of these market changes.

In 2019, Lagos, Rivers, FCT, Ogun earned more than other 33 states combined — NBS

The quartet of Lagos, Rivers, the FCT and Delta states had a combined internally generated revenue more than all other 34 states of the federation...

FG to inaugurate 200,000 capacity yam storage facility in Benue

The federal government will, on June 9, inaugurate the 200, 000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs)

Latest trends in Digital Transformation of Healthcare

Digital Transformation of healthcare is helping patients in need of on-demand healthcare with Big Data and ePharmacy. Watch the latest trends

Proposal For Trans-Tasman Bubble Considers Every Step Of A Passenger’s Journey

A proposed blueprint into how safe trans-Tasman travel could re-open is advancing fast, with a draft to be presented to New Zealand and Australian governments for consideration in early June.

Digital payments: PoS terminals won’t lose sheen in post-Covid-19 world, says Worldline India

PoS machines will continue to support growth in digital payments in India

India’s Covid aid shouldn’t bypass the marginalised

The government must ensure that the most deprived among the poor households — who neither have access to PDS nor JAM infrastructure — are given assistance during this humanitarian crisis

Resilience and relevance, a current need

A couple of months before we as a nation, and community, were enveloped by the malaise ‘Covid-19’, I was facilitating a workshop for mid-level managers, slated for leadership position, in a large IT s

Urban Company adds new services in line with shift in consumer needs

Witnesses pent-up demand during lockdown 4.0

UP’s Industrial Units Seek To Employ 5 Lakh Returnee Migrant Workers From Yogi Govt’s Skill Mapping Data Bank

An official spokesperson said that the Yogi govt was determined to ensure employment for all migrant workers.

North Carolina budget writers brace for $5B shortfall

North Carolina's budget could be short by about $5 billion as a result of the response to the COVID-19 pandemic, state economists predict.

More Unified Approach to Public Procurement Needed to Boost Kazakhstan’s Economic Recovery

Kazakhstan has made significant efforts over the past two decades to bring its public procurement system closer to international standards, but a considerable part of procurement activity has yet to meet these standards, thereby limiting overall effectiveness and efficiency, says a World Bank Assessment. “We acknowledge that the rules and institutions of Kazakhstan’s public procurement […]

Prolonged period of lockdown may change people’s housing desires

Writing for The Conversation,Dr Tara Hipwood, lecturer in architecture at Northumbria University, suggests that changes in commuting or work habits will prompt a fundamental shift in what people perceive as priority features in the home, with outdoor space and a home office high up the list in future.

Singapore: GDP could contract 4%-7% this year – UOB

Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o

ACB Stock Price: Aurora Cannabis Inc. remains on the defensive below $16.00

Aurora Cannabis Inc. (ACB) is down for the third consecutive session on Wednesday, slipping back below the $16.00 mark per share and flirting at the s

Freight companies 'on their knees and will fail' due to coronavirus pandemic

Some hauliers are on their knees and will fail following the coronavirus lock down, an industry spokesman in Northern Ireland predicted.

Irish ports recorded pre-Covid dip in traffic levels

Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019

Walmart partners with online fashion reseller thredUP

May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.

EU needs to focus on Brexit negotiations - UK negotiator

LONDON (Reuters) - The UK’s chief negotiator David Frost said the European Union needed to focus on Brexit negotiations and pay attention to certain areas in order for the two sides to come to an agreement.

Japan Plans Possible Flight Subsidies to Boost Tourism When/If Any Form of Normal Returns

Japan's tourism chiefs have revealed a quite staggering yet entirely believable modern statistic, showing that incoming tourism during the month of April fell by... go on, have a guess... 99.9 per cent. That left a mere 2,900 overseas travellers entering the country for a massively ill-advised and no doubt quite bizarre holiday during the month.

China buys more; will it be enough for Phase One?

The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.

Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.

While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.

Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders

Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.

Horner has a solution for limited budget, but still expects pain

Especially teams in the midfield and rear of Formula 1 are struggling due to the corona crisis and are even threatened in their survival if this would last longer. That is why the budget ceiling will be lowered even further in the coming years. However, this will have consequences for the top teams, Christian Horner explains to The Race.

TD challenges Varadkar to live on €350 a week before considering reducing pandemic payment

Leo Varadkar has said the Government will extend the pandemic unemployment payment beyond June 8 but a date for how long it will continue has not been decided yet.

Covid- 19 income supports 'must continue for those who need them' says Tipperary TD

The increased pressure on public finances as a result of Covid-19 will require increased public spending to maintain necessary supports for people and communities. Reacting to the announcement that th...

Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from

Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.

#ARM Worldwide bags social media mandate for MTV India

The agency will be responsible for taking care of the social media marketing strategy for MTV India

Lockdown impact: NHAI to extend contract for private highway developers

25% average toll collection loss to get one-day extension

Exchanges report 38% decline in daily average commodity volumes in May

Lockdown, negative price fiasco at MCX among slew factors cited as reasons for decline

Legal Pot

J&J Compliance services sued Payqwick in L.A. Superior Court, claiming it provided inaccurate financial projections to induce it to invest $250,000 in the company, which provides financial services for cannabis businesses.

Banks in Pandemic

A federal class action accuses Pacific Premier Bancorp of refusing to pay a 1% fee, required by the CARES Act, to agents who secured loans under the paycheck protection program.

It's A Bird, It's A Plane, It's Brookfield Property REIT

Although BPY/BPR is considered a mall REIT, the company technically is considered a diversified REIT because it invests in core office, retail and multifamily p

NHS Taps 25 Firms to Provide Security Under a Massive £250 Million Framework

The NHS awards 25 separate cyber security companies access to a £250 million framework designed to boost its cyber security posture.

GTA 6's release window possibly revealed by Take-Two

As reported by VentureBeat, Take-Two’s filing shows that it plans to spend $89 million on marketing between April 2023 and March 2024. That’s more than double the marketing budget for any other year over the next half a decade, suggesting…

Some countries are offering to pay tourists to visit after coronavirus

With flights grounded and borders closed amid the coronavirus pandemic, several countries are offering to pay tourists to visit once the crisis is over, according to a report. In Italy, travelers to

Calls for clarification in govt talks on pension age

There have been calls on the parties negotiating the programme for government to clarify if pre-election pledges not to increase the pension age to 67 from next year will be honoured.

Irregularities in N-Power prompts FG to reform program for greater efficiency

Some irregularities in the N-Power program has prompted the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development to streamline the programme for greater efficiency to provide opportunities for more Nigerian youths.

10 million monthly active users on ZeeHindustan.in

With the aim of providing niche content in Telugu, Tamil, Kannada, Malayalam apart from Hindi, ZeeHindustan.in aims to provide a wide variety of news, views and analysis to the Indian audience in their own language.

Kate NV reflects on the absurdity of the news cycle with 'Plans'

Taken from her forthcoming album, Room for the Moon.

LOMBORG: Covid-19: Studies show cost of lockdown outweighs

For the amount a developing nation would spend on saving one life through Covid-19 policies, it can save 4,000 lives through smart HIV programming.

Apple To Reopen Approximately 100 US Retail Locations

Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week.

Renault could build cars at Nissan’s Sunderland factory in the future

The Renault Nissan Mitsubishi Alliance has been outlining its plans for the future.

Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open

Bitcoin closed above $9,100 in a surprising upside move after trading sideways for the entire Asian and early European trading session Wednesday.

No, Goldman Sachs Doesn’t Think Bitcoin is the Next Big Thing

A call focusing on the future US economic outlook hosted by Goldman Sachs that mentioned Bitcoin alongside gold got the crypto market buzzing early this week.

Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists

The Board of Directors of leading Bitcoin mining firm, Bitmain today threatened ousted co-founder, Micree Zhan with legal action if he continues meddling with t

tribeOS is First to use GSX Group’s GRID Platform to Create a Digital Security

The GSX Group recently announced the launch of "GRID" -  platform to create and launch digital securities. GSX is the company that operates the Gibraltar Sto

Overfunding: Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round

Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offe

Fraport AGM 2020: Shareholders approve all agenda items

At Fraport AG’s first virtual-only Annual General Meeting (AGM), shareholders approved all agenda items. Shareholders ratified the actions of the company’s executive and supervisory boards for fiscal year 2019, by 99.94 percent and 98.19 percent respectively. Furthermore, 99.98 percent of the shareholders approved the proposal to suspend the dividend for fiscal year 2019. The entire profit earmarked for distribution will instead flow into the revenue reserve. 94.24 percent of the shareholders also agreed to the resolution for implementing a new

T-Mobile leads modest growth in Dutch broadband subscribers in Q1, KPN losses continue

A year after launching a major expansion in its fibre footprint, KPN has yet to restore growth in its broadband business. The latest data from Telecompaper shows the incumbent lost another 17,000 broadband subscribers in the first quarter of 2020, while rival VodafoneZiggo added nearly 10,000 new connections. T-Mobile was again the biggest winner, adding the most new broadband subscribers in Q1.

Integral to Provide Workflow Automation to Velocity Trade

Integral announced that it has been selected by Jefferies’ TrueFX trading network, Velocity Trade, to update its workflow automation and trading technology.

Argentex Group Announces Completion of New London Headquarters

Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.

Bloodbath amid lockdown: Hindustan Times fires 130-odd employees amid lockdown

Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source

MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...

CBS Hit by Newest Round of ViacomCBS Layoffs

The cuts at the broadcast network come a month after similar actions at the company's cable properties.

Celestyal Cruises extends suspension of cruise operations until 30th July 2020

Celestyal Cruises, the award-winning, number one choice for travellers to the Greek Islands and the Mediterranean, has taken the difficult decision to extend the suspension of its sailings until 30th  of July 2020 due to the ongoing travel restrictions and temporary port closures within the region in which the cruise line operates. The Greek government recently announced that the Greek tourism season will  gradually recommence in the next few weeks with international flights from select countries resuming in July. Celestyal Cruises

Global tourism & leisure industry deals total $4.86bn in April 2020

Total tourism & leisure industry deals for April 2020 worth $4.86bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 67.4% over the previous month and a drop of 45.2% when compared with the last 12-month average of $8.86bn. In terms of number of deals, the sector saw a drop of 50% over the last 12-month average with 57 deals against the average of 114 deals. In value terms, North America led the activity with deals worth

China's poultry, egg prices dip under inventory pressure

By Emily ChowSHANGHAI, May 27 (Reuters) - China's poultry and egg prices have come under pressure in recent weeks, with egg prices falling to multi-year lows, as inventories rise amid slow demand.Egg futures prices on the Dalian Commodity Exchange have slumped in recent weeks to trade at historic lows, a sharp fall from its three-year high in October.Futures were on course for their sharpest monthly loss, with the June delivery contract down 14% so far this month. On Wednesday, it was last down 2.3% at 2,641 yuan ($368.92) per tonne.

Ryanair condemns 9 billion euros state aid to Lufthansa

Ryanair condemned the German Government’s decision to award 9bn euros of State Aid to Lufthansa on top of the extensive payroll support already given to the German airline, which will further strengthen Lufthansa’s monopoly like grip on the German air travel market. The German and French Governments continue to provide enormous State Aid to their companies, many of whom do not need it, which distorts competition with other providers across Europe. Non-State Aided airlines like Ryanair, EasyJet, BA and others, will

CNN joins UNWTO on #TravelTomorrow campaign

The World Tourism Organization (UNWTO) has joined forces with CNN International for a major new initiative designed to inspire people to get ready to travel again. The #TravelTomorrow campaign combines the key message of the United Nations specialized agency with the creativity of the broadcaster and looks to a brighter future for global tourism and those that are reliant on the sector for their livelihoods. From the start of the COVID-19 pandemic that brought the world to a standstill, UNWTO has

ProfitSword wins Bronze "Stevie Award" for Next Generation profitAbility business intelligence solution

ORLANDO, FLA. - ProfitSword, a leading developer of business intelligence and data integration software for the hospitality industry, has been awarded the Bronze "Stevie Award" during the 18th Annual American Business Awards for its recently launched ProfitAbility business performance dashboarding and reporting platform. Competing with multiple organizations across the country within the Artificial Intelligence/Machine Learning category, ProfitAbility was selected as an award recipient due to its cutting edge abilities in leveraging artificial intelligence to autonomously identify and report anomalies within

Berlin-based fintech scale-up smava secures €57 million in financing to maintain growth through economic downturn

Berlin-based Smava, a credit comparison platform that offers cheaper loan options to consumers, has raised €57 million from Kreos Capital, along with existing investors Earlybird, Verdane, Vitruvian Partners and Runa Capital. The round includes a mix of capital and growth debt. The fintech platform offers an overview of 70 loans between €1,000 and €120,000 from […]

Better Malaysia's relationship with India may boost crude palm oil prices

The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants

UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases

The state has expedited infra projects to boost economy, create jobs in hinterland

Hotels become cheap enough to buy during COVID-19 - VietNamNet

Though receiving some guests during the April holiday, hotels are still not doing well. Some have had to close and others are operating at a moderate level.

Geely Chairman wants more cooperation with Daimler, report says

Geely Chairman Li Shufu looking to expand further with Daimler

CATL explores new EV battery services, to add capacity: chairman

BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.

Renault has no problems in relations with French state: chairman

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.

How Payroll Kept Pace with the Pandemic

There’s more than 5,000 permutations that could be calculated to get the right information to HMRC to support a furlough claim...

Analytics firm Bonza gets seed funding, releases COVID-19 data

The start-up has recently released data on the nationwide COVID-19 reproduction number (Rt) on its website.

The Blueprint For Rethinking Main Street

Now that stay-at-home orders are being lifted, Hunter Hall of the Main Street Business Improvement Association discusses what recovery should look like for SMBs.

Innovating The ATM Beyond Cash

PYMNTS explores the influx in PPP loan applications, an overview of new ATM and ITM technologies and Redwood Credit Union's latest digital innovations.

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?

As banking continues to go digital, five experts talk about the ways financial institutions can break out and thrive by focusing on agility and partnerships.

Preparing Merchants For The Coming Mobile Wallet Boost

Merchants must be prepared for a new world, post-pandemic, that will embrace order-ahead and other digital/hybrid payment options. Here's how to get started.

British Land suffers £1bn hit from retail tumult

Property company dented by coronavirus impact and boom in ecommerce

SpaceX passenger brought down to earth by tax evasion allegations

Japanese billionaire Yusaku Maezawa set to be company’s first space tourist

EDF goes ahead with Sizewell C application despite local objection

Energy giant EDF Energy has today submitted plans for the new Sizewell C nuclear power station on the Suffolk coast.

Outdoor spaces and improved transport options - how a new east Manchester arena could lead on sustainability as well as boosting the economy

OVG aim to make the proposed new east Manchester arena the most sustainable in the UK

Cuts of €6-€14 billion until 2025 needed to recover from Covid-19 pandemic, Fiscal Council warns

There will be ‘almost historic highs’ of debt ratios in Ireland as a result of Covid-19, the Fiscal Council’s report states.

Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020

The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.

Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020

The total value of mining deals declined by $3.4bn to $22.8bn in Q1 2020, a second consecutive decline. A series...Read More...

Workplace reforms are ‘worth it’, says ACTU boss Sally McManus

Unions, employers and government will work together on industrial relations reforms to help kickstart the economy in the wake of the coronavirus pandemic.

Japan-EU Leaders’ meeting

H.E. Mr. Shinzo Abe, Prime Minister of Japan, H.E. Mr. Charles Michel, President of the European Council, and H.E. Dr. Ursula von der Leyen, President of the European Commission, held a Leaders Meeting via VTC on 26 May 2020. The leaders expressed their deepest sympathy with the victims of the COVID-19 pandemic. They recognised that […]

Concerted action in wake of Cyclone Amphan, COVID-19 should focus on building strong public infrastructure in Bengal

After Cyclone Amphan battered coastal and deltaic West Bengal on 20 May, the mammoth task of picking up the pieces can justifiably be said to have just begun. It took the Centre some time to react, but after Prime Minister Narendra Modi and Chief Minister Mamata Banerjee’s aerial survey on 22 May coordination seems to have been established.

Gov’t to inject UGX 1 trillion in UDB to boost local production

Kampala, Uganda |  THE INDEPENDENT | President Yoweri Museveni has said that part of the 1.9 trillion shillings loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity.  While commissioning the Lida Packaging products, a manufacturing company that has started producing face masks …

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

Indians prefer features such as AI camera, fingerprint sensor while purchasing budget smartphone: Study

The features such as Artificial Intelligence (AI) camera, fingerprint sensor and drop notch displays are the most-preferred features for consumers when looking for a budget smartphone, according to a

Home collection offers salve as Covid poses testing times for diagnostics companies

It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q

Power of Attorney given to stock brokers: What’s changing from June 1, 2020?

In the aftermath of the Karvy Stock Broking scandal which revealed misuse of Power of Attorney (PoA) issued by clients in favour of their stock broker, market regulator Securities and Exchange Board o

Consumer Confidence Inches Higher

Consumer Confidence showed a slight improvement in May, rising from 85.7 up to 86.6 but below consensus expectations for a reading of 87.0. All of the improveme

EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse

Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu

This year ‘a write-off’ for Irish banks – Davy

This year will be “a write-off” for Irish banks, with each of the main Irish financial institutions loss-making, according to a report from Davy Stockbrokers.

Hammerson boss quits weeks after group loses €449m deal

The boss of Dundrum Town Centre co-owner Hammerson has announced plans to step down weeks after a £400m (€449m) deal to sell several sites fell through.

Visa completes Request to Pay pilot trials

Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.

Romualdez: DCC to approve P1.5Tr SAP under CURES Act

THE Defeat COVID-19 Committee (DCC) co-chaired by House Majority Leader and Leyte Rep. Martin Romualdez and Speaker Alan Peter Cayetano will approve this Thursday the P1.5 trillion social amelioration program under the proposed “COVID-19 Unemployment Reduction Economic Stimulus (CURES) Act of 2020."

Perks for firms backing anti-Covid measures pushed

DAVAO CITY – Mayor Sara Z.

The end of Europe's Chinese dream

Three developments have led the EU to abandon its goal of closer economic ties.

Dangote, Glo named most admired Nigerian brands in Africa

In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.

Coronavirus company news summary – South Africa faces production hit – Poland faces outbreak among miners – Lithium producers struggle with demand slump

27 May The Minerals Council South Africa has warned that mining production in the country is likely to fall by...Read More...

ECB’s de Guindos: Euro area economy to shrink between 8% and 12% in 2020

The European Central Bank (ECB) Vice President Luis De Guindos said on Wednesday, the Euro area economy is expected to shrink between 8% and 12% in 20

EU Commission to mobilize EUR750 billion for the coronavirus recovery fund – DPA

Ahead of the European Union (EU) Summit, aimed to unveil a post-COVID-19 recovery plan, he Deutsche Presse-Agentur GmbH (DPA) came out with headlines,

Urban agriculture in Addis Ababa to ease COVID-19 impact

Various studies show that almost all countries would face food supply challenge in some way. A recent Food and Agriculture Organization (FAO) analysis states that in the absence of timely and effective policies, millions more are likely to join the ranks of the hungry as a result of the COVID-19-triggered recession. That number will vary according to the severity of economic contractions, ranging from 14.4 million to 38.2 million or even 80.3 million more hungry people should there be a contraction of 2, 5 or 10 percentage points, respectively, in all 101 net food-importing countries’ GDP growth, it states. A team of agricultural experts of the Jimma University in its study entitled “Covid-19 probable impacts on Ethiopian agriculture and potential mitigation and adaptation measures: no food – no health – no life” published in April 2020 has indicated that the current pandemic of Covid-19 has a potential to increase the food insecurity of the country due to resource mobilization towards prevention of the disease…

The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business

The Federal Reserve’s next front in the battle to support the U.S. economy is to prevent millions of American small businesses from becoming the Achilles heel of the recovery.Fed Chairman Jerome Powell told the Senate Banking Committee last week that he’s concerned about America’s “jobs machine” -- its small and medium sized firms -- tipping into bankruptcy and destroying the “work of many families and generations.” If that happens, there will be fewer jobs when state governors declare it’s safe

Hedge Funds Pay Up in U.S. to Poach From Rivals Stung by Turmoil

Izzy Englander sent his Millennium Management staff to work from home in early March. Since then, about 100 people have quietly joined the $42 billion hedge fund.

Need to know: Wednesday

The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.

Training sector held back by Federation, says IR reformist

The big criticism focuses on the link between training and award wages, established in 1990.

FEEL GOOD | Walking the walk: Veteran philanthropist, 91, determined to raise R108m to feed the hungry

Apartheid Museum founder and philanthropist Solly Krok’s determination to make a difference proves that age is just number.

Bursa Malaysia ends firmer on buying support in index-linked counters

KUALA LUMPUR, May 27 — Persistent buying momentum in the index-linked counters, led by glove makers Hartalega and Top Glove, pushed Bursa Malaysia to end the day on a firm note, dealers said. After being closed for two days, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 114.97 points, or...

Singrobo hydropower project to deliver electricity under a 35-year PPA

Power company Themis Group announced it has issued a Full Notice to Proceed with construction of the 44MW Singrobo Hydropower Project, in Ivory Coast.

How to Trade Alibaba Stock After Underwhelming Earnings Fizzled Its Takeoff

Earnings upended Alibaba stock's breakout, and now the chart's a mess. Steer clear for now, or sell credit spreads to bank on the chop.

Oppo doubles down on mobile chip manufacturing efforts

Oppo, one of China's biggest smartphone manufacturers, is planning to invest more into in-house chip development.

Major telcos’ April download speeds take a hit in India

A sudden surge in data consumption in April, immediately after the nation went on lockdown, has understandably affected download speeds of Indian telcos.

Billion-dollar fines won’t change Big Tech

It’s time authorities everywhere clamped strict rules on Facebook, Google use of data

Gulf Capital sells Metamed to Ray Lab and a consortium of global investors

Dealis one of the few secondary transactions amongst private equity firms in the MENA

"It's wonderful to see passion and creative energy," says Dezeen Awards 2020 judge Steve Trstenjak

As we count down the days to the Dezeen Awards 2020 deadline, Steve Trstenjak of Woods Bagot says that he’s hoping to see an "emphasis on sustainability."

Altek supplies 3D depth-sensing lens modules for XRSpace Mova

Digital camera ODM Altek will supply 3D depth-sensing lens modules for use in XRSpace Mova, a 5G-based standalone VR device that XRSpace unveiled on May 26, with shipments to begin in the third quarter of 2020, according to company chairman and CEO Alex Hsia.

Oakland A’s to end stipends for minor leaguers

The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives i...

Beyond food rations: Six ways India can ensure nutrition security for its most vulnerable people

The country has adequate stockpiles of foodgrain. But how can it ensure a varied diet for its people during this crisis?

Facebook Rebrands Libra-Wallet Calibra to Novi

Facebook has announced on Tuesday a name change of its Calibra wallet subsidiary to Novi.

Indore: Soaring temperature leads to surge in electricity demand by 50 MW

Sasol says fuel stations not up for sale

Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.

Virgin Atlantic suitors narrow with clock ticking on rescue

Ailing airline in need of emergency funding.

Online UK grocery spending hits record in lockdown shopping spree

Overal­l UK grocer­y sales increa­sed by 13% year-on-year

Server PCB makers see bright shipment prospects for 3Q20

Server PCB specialists Tripod Technology, Gold Circuit Electronics (GCE) and Allied Circuit have seen clear order visibility through the end of July and are optimistic that their shipments for servers and networking equipment will remain robust throughout the third quarter, according to industry sources.

Two out of three travellers eager to resume international travel looking for safety, relaxation and fun

MINDHAUS, a tourism marketing agency and member of V+O Greece, in partnership with Pollfish, a DIY research tool, gained valuable insights through a primary, qualitative survey regarding travel trends during the Covid-19 era. The research probed and analysed behaviours and intentions for international leisure travel in a sample of 2,750 respondents from USA, UK, Germany, France and Italy. 37.9% of respondents stated that they will be willing to travel again as soon as travel bans are lifted, and will consider their options

STR: Central/South America hotel performance for April 2020

LONDON - Reflecting impact from the COVID-19 pandemic, the Central/South America hotel industry reported historic performance lows during April 2020, according to data from STR. U.S. dollar constant currency, April 2020 vs. April 2019 Occupancy: -79.7% to 11.6% Average daily rate (ADR): -28.7% to US$61.83 Revenue per available room (RevPAR): -85.5% to US$7.17 The absolute occupancy and RevPAR levels were the lowest for any month on record in the region.  Local currency, April 2020 vs. April 2019 Panama Occupancy: -69.2% to 14.0% ADR: -49.1% to PAB47.71 RevPAR: -84.3% to PAB6.69 The

Outlook worsens and financial aid is not the only investment governments should make to help travel and tourism

The business outlook of travel and tourism companies continues to worsen, according to findings of WYSE Travel Confederation’s third COVID-19 Travel Business Impact Survey. For the second quarter of this year, the average expected change in demand relative to the same period last year is -76%. For 2020 as a whole, respondents expect to see, on an average, a 70% decrease in demand. In this May edition of this survey series we take a look at the actions that respondents would

DFI launch new accessibly priced, sustainable FlySafe Kit for passengers

UK - Sustainable retail specialists Duty Free Innovation have brought to market a FlySafe protection kit, aimed at airport retailers to give their shoppers an affordable, must-have solution for keeping safe and reducing contact when travelling. While some guidance on travel has started to filter through, what has become clear is that strict measures on social distancing, sanitisation and the wearing of face masks when travelling will become the new normal. To help support in giving travellers confidence in being in the

Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake

The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.

Celcom prepares for 5G vendor selection

Malaysia-based Celcom Axiata is tipped to deploy a 5G network using two equipment suppliers and ...

Tribeca Film Institute to Suspend Operations, Enact Layoffs

The Tribeca Film Institute has paused its operations and has been hit with a small round of layoffs due to the coronavirus pandemic.

Foundation stone laid for DPIN

Foundation stone for Development of Pilgrimage Infrustructure in Nagaland (DPIN) was laid under PRASAD Scheme at Molungkimong village on May 16 by advisor of Tourism, Art and Culture, Khehovi Yepthomi along with minister for Higher Education, Technical Education and Tribal Affairs, Temjen Imna Along.

Largan sells China plant

Smartphone-use lens module maker Largan Precision has taken a major step in expanding capacity in Taiwan by remitting back about NT$11 billion (US$367 million) in income from selling its Suzhou, China plant.

Apple iPhone 11 most popular smartphone in 1Q20, says Omdia

In the contest to offer the world's most popular smartphone, it seems like the only competition that Apple has these days is Apple itself, according to Omdia.

Bike-sharing services get commuters to drive less

When bike-sharing services open in cities, more people start to commute by bicycle and take public transit, new research shows.

S. Korea to keep aggressive spending to address coronavirus pandemic

SEJONG -- South Korea will maintain its aggressive fiscal spending as it is set to unveil the third extra budget early next month to minimize the economic pain from the coronavirus pandemic, Vice Finance Minister An Il-whan said Wednesday. The third extra budget is aimed at focusing on reviving economic growth and creating jobs, An told a meeting with fiscal experts earlier in the day. The budget is also designed...

Bosses looking for ways to keep I'm A Celebrity on air this year

Travel and production in the wake of the coronavirus pandemic will be very difficult

View: Can India benefit from the world’s frustration with China?

India lacks the sophisticated infrastructure which gives China an edge in manufacturing.

Zoom Video names Indian-origin Velchamy Sankarlingam as president of engineering and product

Sankarlingam comes to Zoom after more than nine years at VMware, where he was most recently Senior Vice President, Cloud Services Development and Operations. Reporting directly to Zoom CEO Eric S. Yuan, Sankarlingam will oversee the companys engineering, product, and dev ops teams.

Fiscal Advisory Council warns debt will be 'almost at historic highs' after COVID-19 crisis

The acting chair of the Irish Fiscal Advisory Council has said the debt ratio here will be 'almo...

Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels

Controversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been.

Macro Afternoon

See the latest Australian dollar analysis here:

Watch | Global carbon pollution falls by 17%

A video on the biggest annual drop in carbon dioxide emissions in the world

Aircall raises $65 million to grow its cloud-based contact center platform

Aircall, a cloud-based contact center platform for businesses, has raised $65 million in a series C round of funding led by DTCP.

Opportunities Emerge In Mid-Caps And Small-Caps - Weekly Market Notes May 26, 2020

All fifty states have now allowed some businesses to re-open and this has added fuel to the stock market rally last week. The market seems to be pricing in a qu

Virus Compels A Strategic View Revamp

The virus shock is accelerating and changing structural trends, leading us to shift our long-term return expectations and strategic views. The key to the policy

Stocks To Buy After The Buffett Sell-Off

The airlines sold by Berkshire lost 15.8% in value more than other airlines since the Buffett Sell-off began. The Buffett Airlines have less attractive cash val

Nothing Natural About Low Rates

While an interest rate in the absence of both central banks and money may seem hard to imagine, the natural rate concept is commonly referred to in discussions

Taiwan to announce domestic travel subsidy measures next week

Minister says budget for domestic travel measures will be increased to NT$3.9 billion

Migrant exodus likely to peak next month, says NITI Aayog affiliate; warns return to cities may take over a year

When will migrants return to the cities? No one knows the answer, but the experts handling the labour issues for decades, believe that only 10 percent of migrant workers have returned to their home states and that the numbers could increase in June and July

Fact-O-Meter: Did You Know? Shah Rukh Khan Inaugurated 100 Crore Club In Overseas Market

Every cinephilia must be aware that 100 crore club was kick-started by Aamir Khan in India. Yes, in 2008, Aamir's Ghajini became the first Bollywood film to cross 100 crore mark at the domestic box

Honda To Launch 2 New SUVs (Vitara Brezza & Seltos Rival) In India

Honda is “actively” looking at launching 2 new SUV based on requirements of Indian customers and both could be based on Amaze’s platform

Spark Backs Kiwi Innovators To Harness 5G, To Transform Healthcare And Stimulate Economic Recovery

With the Government’s 5G spectrum allocation announced and businesses now operating in a changed world, Spark has reshaped and relaunched its 5G Starter Fund with an added focus on transforming health and wellness for all New Zealanders. The Fund has been increased and will provide a pool of $625,000 for up to four Kiwi businesses to develop 5G applications that can help to support New Zealand’s economic recovery.

Farm Environment Plans Come Out On Top For Growers And The Environment

Farm Environment Plans have come out on top as the best way for vegetable and fruit growers to manage their environmental impact and at the same time, provide evidence to regulators.

BVTA celebrate Africa Day

Bulawayo Vendors and Traders Association (BVTA) has joined the country and the rest of Africa in commemorating Africa Day under the theme: Silencing The Guns: C...

Why Technology Is Proving Surprisingly Defensive

In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite

KCR to release water from Kondapochamma on May 29

Kondapochamma is one among the aggregation of several projects, which is called Kaleshwaram.

Country’s largest private landlord currently ‘cannot foresee’ Covid impact

Ires Reit, the country’s largest private landlord, currently “cannot foresee” the impact the coronavirus will have on the company.

Deputy calls for figures to back up ‘buy local’ campaign

ROBUST data showing why buying goods and services locally is so important is needed as soon as possible so that a convincing case can be made to reinforce the message of the JEP’s Celebrate Local campaign, a States Deputy has said.

'Reboot, reform' of agriculture pushed

During the launch of the "Plant, Plant, Plant" program in line with the celebration of the farmers and fisherfolk's month at the Department of Agriculture central compound in Quezon City, Dar said the agriculture sector should be more responsive especially with the pressing issues faced by the country.

Stimulus package

And with deft shepherding and appealing to their patriotic duty, the chairman of the congressional panel tackling the massive and historic measure passed muster at the committee level.

Holcim restarts Luzon, Davao operations

Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.

$400-M ADB loan to fund PH capital market dev’t

The Asian Development Bank has approved a $400-million policy-based loan to support the  government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.

55 Covid-related goods makers keen on investing in PH

Trade and Industry Sec. Ramon Lopez said 55 companies manufacturing products to fight the coronavirus disease 2019 outbreak have expressed interests to invest in the country.

Ryanair to announce 'hundreds' of Irish redundancies this week

The CEO of Ryanair Michael O'Leary says the airline is to announce redundancies of Irish pilots a...

Government has no choice, must listen to wise counsel, says Chidambaram

The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.

USD/ZAR: Falling to 16.50 in a risk-on mode – Credit Suisse

Economists at Credit Suisse mark the 16.50-16.55 area as a short-term level which USD/ZAR could fall to if global risk markets continue to rally. By c

USD/BRL: 6.00 is a realistic upper barrier – Credit Suisse

Analysts at Credit Suisse think the more forceful FX intervention language and improved external sentiment warrant a range approach to USD/BRL, target

AUD/USD: Potentially higher with resistance at 0.6659 – OCBC

The broad USD took a serious hit, as investors continue to impute positivity on the back equities and shake off any negative developments in the Sino/

GBP/USD: At 1.38 by year-end in the best scenario – UBS

The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, anal

S&P 500: Fully valued on some measures – UBS

Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra

EUR/USD: The safe-haven US dollar is gaining some ground

EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal

Deal struck to allow cabling from Scotland’s biggest windfarm under world-famous Carnoustie links

A deal has been struck to allow part of Carnoustie’s world-famous golf links to be used for cabling from what will become Scotland’s largest offshore windfarm.

SON, Tech Committee outline road map for tomato value chain

In furtherance of the Federal Government’s economic diversification policy, the Standard Organisation of Nigeria, SON,

Data Centre capacity to grow two times by 2025

Citing policy initiatives, widening customer base and increasing corporate requirements for data storage, findings of a recent study said Data Centre (DC) market will grow two times by 2025. Continue Reading →

Is this the death knell for bank branches?

Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.

Builder 'livid' at calls for first home buyer grants

Industry veteran hits out at the 'ridiculous' behaviour of lobby groups calling for measures that would push up housing prices.

Canberra, Perth lead May revival in hotel bookings

Hotel reservations in May doubled to almost a third of what they were 12 months ago, as travel restrictions were eased and Australians made travel plans.

Regional mining equipment, technology, service companies targeted with innovation accelerator program

"When those mines in Victoria expand, it means they can get in there getting those business opportunities."

Energy group urging people to help environment after Covid-19 crisis

An energy group from Montgomery has urged people to consider life after coronavirus, and its impacts on the environment.

Kuwait's stocks reclaim some lost ground

But it will take a lot to head back after billions got wiped out in COVID-19 panic

KKR to invest USD 1 bln in European venture for hyperscale data centres

The investment firm KKR has partnered with entrepreneur Franek Sodzawiczny to launch a data centre company in Europe. The new venture Global Technical Realty (GTR) will provide build-to-suit data centres for large technology companies in Europe. 

Woolworths scraps dividend, reviews Australasian real estate assets

As Covid-19 pandemic impact weighs.

NHAI offers 'COVID loan' to private operators at 2% more than bank rate

The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020

Coronavirus pandemic causing "significant decline" in UK architects' mental health

Loneliness, money worries and the stress of working from home with caring commitments has lead to a worrying decline in UK architects' mental health.

VMLY&R India wins the digital mandate for Colgate-Palmolive

The agency will encompass digital campaign planning, creative thinking, as well as social listening

'Thousands are in jeopardy': freelance theatre-makers count cost of crisis

When Chester Storyhouse asked how freelancers were faring under Covid lockdown, it was left ‘shocked and enraged’ at how perilous their finances were. Now it is calling for national action

The daily business briefing: May 27, 2020

Stocks rise after NYSE trading floor reopens, energy investment makes record drop due to coronavirus crisis, and more 

Study finds Greeks do not intend on dining out after Covid-19

*Image Credit: Eurokinissi

Grand Theft Auto 6 could be out in 2023, according to Take-Two SEC filing

Grand Theft Auto. It’s a small, indie game that hasn’t really spread very far beyond the miniscule audience that plays it religiously. You haven’t even heard

Facebook rebrands digital wallet to escape Libra

Facebook revamped its Calibra digital wallet, rebranding the service to Novi, in an apparent attempt ...

Government furlough scheme now covers 8.4 million workers

At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.

Why You Shouldn't Worry About Moderna's Recent Insider Selling

No foul, no harm with four of Moderna's top execs selling shares right after the biotech's big news last week.

5 Investment Trends to Profit From a Post-Coronavirus World

A look at some investment themes relevant in the post-COVID-19 world.

Is Levi's Stock a Buy?

Stores are starting to reopen, and the stock is trading well off its recent highs.

5 Stocks to Start Investing in 2020

These top businesses can form the foundation of your investment portfolio.

State-owned Chinese company bids to build second UK nuclear plant

The company is blacklisted in the US and its application has created more headaches for UK PM Boris Johnson.

Virgin Galactic Stock Will Reach $30 Again, but the Timeline Is Cloudy

Investors should expect a slow build in SPCE stock with an eye towards an eventual doubling of the share price.

ProBit Exchange Opens Trading for Decentralized Blockchain Storage Platform ILCoin

ILC has been listed on May 21 on ProBit Exchange, a top 40 exchange on CoinmarketCap as well as one of the top 3 exchanges in Korea. A trading competition is also running until June 7 featuring both KRW and BTC pairs with a 20,000 ILC prize pool for the top 10 traders during the duration. 

Record numbers of adults in Ireland participating in sport and walking

New Sport Ireland research shows a large increase in walking, running and cycling

Mayo company Portwest had PPE seized by Chinese government

Six containers of safety equipment seized in March

FCA launches 'Jeep for All' initiative

FCA India has announced lucrative deals and financial schemes under the ‘Jeep for All’ initiative.

Official employment survey may capture migration

The ministry of statistics and programme implementation is examining changes that may need to be carried out to assess the extent of unemployment post the reverse-migration in the Periodic Labour Force Survey. The idea is to get a better sense of employment as migration from cities, post-Covid pandemic and lockdown, has been in large numbers.

Refurbished, pre-owned smartphones rack up numbers as incomes shrink

Omni-channel goods resellers such as OLX, Quikr, Cashify and Yaantra are witnessing a flow in demand towards the organised refurbished and pre-owned smartphone market in just over a week of easing of lockdown restrictions.

Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

Amazon Eyes Zoox Acquisition For Autonomous Cars

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant's reach in autonomous vehicle technology.

Three Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop

Bitcoin has been subject to troubling price action over the past week.

US shoppers to be wooed back with steep discounts

Retailers including Macy’s prepare for sales after writing down value of merchandise

Bank of Montreal profit slumps more than 50% as credit losses loom

Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier

Money or the goody bag? The great Comrades refund debate

Stuart Mann delves into the debate regarding marathons pocketing or reimbursing entry fees in the event of a cancellation.

How travel and holidaying will change in the new normal

From contactless travel to immunity passports and open-dated stay packages, the Indian tourism and hospitality sector is exploring a range of options to breathe life into a stalled business

Tamil Nadu signs 17 agreements for investments of over ₹15,100 crore

The Memorandums of Understanding have been signed with companies from various countries and are expected to provide jobs to over 47,000 people

Proposed Kannapolis budget has no fee or rate increase

Kannapolis City Manager Mike Legg presented the recommended Fiscal Year 2021 budget to the Kannapolis City Council Tuesday evening.

FG needs to call OGEFZA management to order –Free trade zones stakeholders

OGEFZA seeks to achieve two objectives: to absorb the private sector Free Zones operators in oil and gas logistics services into its fold and under the

USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows

The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit

Trump’s silver lining — economic numbers could be surging by Election Day

There is one possible silver lining for President Trump in the dismal economic numbers that have followed the coronavirus lockdowns and jeopardized his reelection: There is nowhere to go but up.

EU's objective: More than 2.6 billion cars to use hydrogen by 2030

Europe is at the beginning of a transition to becoming climate-neutral, with the European Union's objective being to have more than 2.6...

Humpty Sharma Ki Dulhania Box Office: Here’s The Daily Breakdown Of Varun Dhawan-Alia Bhatt’s 2014 Rom-Com

Humpty Sharma Ki Dulhania Box Office: Released in 2014, the romantic comedy featuring Varun Dhawan and Alia Bhatt was one of the most loved films of the year. Directed by Shashank Khaitan, the film

Cybersecurity firm K7 computing revamps its strategy to increase market share

Chennai-based K7 Computing Pvt Ltd., a cybersecurity company, has unveiled a revamped go-to-market strategy to expand its consumer market presence by aligning its sales and marketing plans with the ch

Cognizant offers voluntary separation package to 400 mid, senior managers

Move aimed at IT services major’s US employees

Stable democracies better at fostering economic growth

Research findings clearly show that compared to autocracies, democracies experience better economic development and are more responsive to the concerns of marginalised sections of society

Parliament: Oral Questions - 27 May 2020

© Scoop Media

EUR/USD Price Analysis: Potential visit to the 1.1150 region

EUR/USD is prolonging the upside on Wednesday above the 1.10 mark, recording at the same time fresh multi-week peaks around 1.1030. The pair has left

McDonald's to reopen all Scottish drive-thru restaurants from next week

Scots fans can finally get their hands on McDonald's as it makes its long-awaited comeback up north.

China's GAC keeps target of 3per cent sales growth despite coronavirus pressure

Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...

German chipmaker Infineon raises 1.06 billion euros with capital increase

German chipmaker Infineon Technologies raised about 1.06 billion euros (US$1.16 billion) by issuing new shares to partially finance its US$10 ...

Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update

Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C

Nordic Semiconductor: New Cellular Products Will Accelerate Revenue Growth And Margin Expansion

Nordic Semiconductor is the undiscovered leader in short-range wireless chips, such as Bluetooth low energy. The company has developed long-range cellular chips

Playing Chicken With An Aeroplane

Of the three companies, LATAM, who just filed for chapter 11, is the only one with enough cash to cover their expenses for this year. The debt to asset ratios d

Wall Street Breakfast: Blastoff!

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec

Metso unveils new crushing and screening plant concepts for mining

Metso has introduced two new solutions for crushing and screening plants namely, flexible FIT stations and smart Foresight stations.

EU's von der Leyen: Boldest measures are safest for future of EU

Dealing with the effects of the COVID-19 pandemic is "Europe's moment," European Commission President Ursula von der Leyen said on Wednesday while del

USD/JPY: Gaining bullish strength

The USD/JPY pair continues to trade within familiar levels, now hovering around 107.70 with a mildly bullish bias, according to FXStreet’s Chief Analy

Gold Price News and Forecast: XAU/USD tumbled to 1,705.00

Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and

EUR/USD: Above key resistance at 1.1019 would mark an important base – Credit Suisse

EUR/USD strength has extended to retest important resistance from its early May high and 200-day average at 1.1009/19, which is being tested and would

SNB's Jordan: Willing to intervene in currency markets more strongly

Swiss National Bank (SNB) Chairman Thomas Jordan said on Wednesday that they do not expect a rapid economic recovery and noted that it was very diffic

Russell 2000: Change to a bullish outlook above the April high at 3024 – Credit Suisse

Analysts at Credit Suisse continue to see scope for a test of a tough resistance at 1429/50 while support is seen higher at 1361/55. Key quotes “We se

Advent Partners hones in on GP software biz

The Australian buyout firm is delving back into two of its favourite sectors for its latest investment. 

Knauf calls in the bankers as Aus building materials sector in play

German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm. 

The Daily Chase: RBC, BMO Q2 profits sink; Huawei CFO hearing

Royal Bank Canada and Bank of Montreal saw their profits cut in half in the fiscal second quarter, and missed expectations in the process, as provisions for credit losses ballooned at both institutions.

Ho Hup receives LOAs from CCC-ECRL for ECRL Section 6 works

KUALA LUMPUR, May 27 — Ho Hup Construction Company Bhd has received Letters of Acceptance (LOAs) from China Communications Construction (CCC-ECRL) Sdn Bhd for the engineering, procurement, construction and commissioning of the East Coast Rail Link (ECRL) project. It said the works include Section...

Azmin to make working visit to Kedah

KUALA LUMPUR, May 27 — Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali will make a one-day working visit to Kedah tomorrow. The International Trade and Industry Ministry (Miti) said Mohamed Azmin is scheduled to make a courtesy call on Kedah Mentri Besar...

Dollar slips amid vaccine hopes as Japan reopens

Overall market lethargy left the Uganda shilling trading flat against the U.S. currency in yesterday’s trading session. Fickle dollar supply by corporate players was evenly matched by a dearth inactivity on the foreign currency demand counter that left the home unit stuck within the 3780-3800 trough versus the buck. The USDUGX currency pair looks settled, and will probably remain within the present levels in the interim, barring fresh factors coming into play. The U.S. dollar struggled from a sell-off of safe-haven assets as investors became more optimistic about the global economy’s recovery. With more nations easing their lockdown restrictions, traders are hopeful that we could see a faster – than – expected rebound in the global economy.

South Africa marks milestone for emergency power procurement

DMRE has confirmed that South Africa's energy regulator is in agreement with a Ministerial determination for the procurement of 2,000MW of emergency power.

Gaming Is a Billion-Dollar Opportunity for Amazon Stock

Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.

Don’t Be One of Those People Betting on a Chesapeake Stock Rebound

Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.

Don’t Be Too Eager to Book a Position With JetBlue Stock

With an uptick in travel demand, JBLU stock appears to look interesting. But when you expand your horizons, it’s still a bull trap.

Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch

Record sale by value attributable to the high price of the metal in Indian markets.

XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports

There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to

Post Lockdown, Employees Allege Companies ‘Forcing To Resign’ The Job In Hyderabad

Coronavirus has hit all companies across industries with most seeing meager or zero inflow of revenue. From India’s largest business conglomerate Reliance Industries to smaller startups, there have been pay cuts and layoffs across the board. Several companies, especially startups have had to let go employees, thousands in some cases.

Saudi Arabia: Tax authority begins inspections of shops in retail sector

Campaign aims to ensure commitment of shop owners to VAT system

Huawei UK claims 5M Mobile Services users

Huawei UK Consumer Business Group MD Anson Zhang (pictured) hailed the company’s recent efforts in ...

GTA 6 release date might have just been discovered - and it's bad news

Take-Two Interactive's marketing budget hints at a GTA 6 release date.

U.N. calls meeting to boost pandemic support for developing countries

WASHINGTON, May 26 (Reuters) - U.N. officials said they will meet on Thursday with over a dozen world leaders to discuss shoring up financial support for emerging economies, hit hard by the pandemic's economic fallout.

Nation branding as a catalyst for global competitiveness

The significance of South Africa’s reputation and brand positioning amid global uncertainty

Mercedes Benz bets on high-performance cars for the tech-inclined driver

Prices start at Rs 75 lakh for C43 Coupe to Rs 3 crore for a fully loaded AMG S63.

Nordstrom Needs to Bring Back What Made it Special

Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why. 

Facebook Stock to $1,000? It’s Possible Now Thanks to Shops

Newly announced Facebook Shops is a game-changer which cracks the ultra-valuable social commerce code, and could push FB stock to $1,000.

It’s Time to Take Ford Out to the Junkyard

Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.

Commission to propose EU budget of €1.1T for seven years

Figure would raise spending compared to current seven-year budget for EU27.

BMW unveils face-lifted 5, 6 Series in S. Korea - The Nation

BMW on Wednesday unveiled the face-lifted 5 and 6 Series models in South Korea to show its “strong and unwavering” commitment to the...

New Finas chairman pledges to strengthen creative industry

KUALA LUMPUR, May 27 — The new chairman of the National Film Development Corporation Malaysia (Finas), Zakaria Abd Hamid, will meet stakeholders of the arts industry soon to discuss its direction and ways to strengthen development of the local creative industry. Zakaria said he is committed to...

Tencent, CCB Labuan to jointly foster digitalisation of enterprises in Malaysia

LABUAN, May 27 — Tencent, a leading provider of Internet value-added services in China, will explore cooperation opportunities with China Construction Bank Corporation Labuan Branch (CCB Labuan) following the signing of a memorandum of understanding (MoU) today. The MoU, inked via Tencent VooV...

Israel Rejects Chinese Bid to Build World's Largest Desalination Plant

Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...

Top headlines: Google faces antitrust case in India, Ola buys Dutch firm

Business Standard brings to you the top headlines of the day

Hospitality industry unites for “Buy One, Give One” campaign

NEW YORK - To help jumpstart leisure travel, the hospitality industry has united to launch Buy One, Give One, a “vacay layaway” program designed to generate immediate revenue for hotels, while simultaneously providing a “thank you” to healthcare workers who have been tirelessly working on the front lines.  Available at BuyOneGiveOneStay.com through June 30, the initiative incentivizes consumers to purchase future travel now with special offers ranging from discounted stays to gift cards to loyalty points for redemption prior to travel.

Government proposal: MSMEs may seek own insolvency

Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are MSMEs.

Need funds after job loss? Your life insurance policy may help you get it in an easy way

People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.

Coronavirus Impact: Shapoorji Pallonji Real Estate bets big on digital, to redirect ad spends on digital marketing

The company plans to redirect around 50% to 60% of its ATL spends towards digital marketing which takes the tally to over Rs 10 crore

GE Power India appoints Mahesh Palashikar as Chairman

GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal

China traders buying Hong Kong stocks like never before

History shows mainland buying tends to pick up when Hong Kong shares drop.

Zimbabwe gold miners to keep more export earnings in dollars

Until now, gold miners received only 55% of their sales in dollars.

GTA 6 release date is 2023 suggests analyst as Take-Two reveal marketing plans

Take-Two’s own financial predictions point to a massive increase in marketing in 2023 and everyone seems to think it’s for GTA 6.

Ethiopian govt offers 40% of Ethio Telecom to international operators, 5% to public

Ethiopia's Ministry of Finance has decided to offer a 5 percent stake in Ethio Telecom to the public, with a cap on the number of shares an individual can buy, reports Addis Fortune. The minority stake in the telecom company will be sold to thousands of Ethiopians. Forty percent of the company will be privatised to one of the international telecom operators,  and the government will retain a majority share. 

Youth Online Businesses Face Closure as Govt Demands Fees

Deejays and those with online shops selling various goods including clothes, shoes and food items are affected by the pronouncements from...

Government accused of reneging on Defence Forces recruitment

‘Immediate and significant intervention’ is required to save the Defence Forces, says officers body

KIC’s investment in marijuana producers not questionable, says experts

With South Korea’s sovereign wealth fund sparking a media debate over its investment in marijuana producers, some experts here said Wednesday that the case can hardly be seen as breaching its commitment to socially and environmentally responsible investing. Marijuana production itself cannot be the target of criticism, although it carries a heavy social stigma in Korea where the recreational use of marijuana i...

[Graphic News] US video game industry sees record April sales: survey

　Spending on video games in the US jumped to a new April record as locked-down consumers sought refuge in playing games, industry figures showed. 　A total of $1.5 billion was spent on video game hardware, software, accessories and game cards, eclipsing a previous April high of $1.2 billion spent in the US in 2008, according to NPD analyst Mat Piscatella. 　April was the first full month of tight restrictions on p...

Only 40% jobseekers think layoffs won't happen, finds survey

Around 50% of job seekers said they are utilising this time to focus on up-skilling, as per a survey.

Gold: Bull market to be extended – Deutsche Bank

The momentous scale of monetary and fiscal countermeasures to support the global economic recovery are likely to extend the duration of the gold bull

CPP joins fight vs COVID-19

CPPI JOINS FIGHT VS COVID-19 — The Chamber of Pawnbrokers of the Philippines, Inc. (CPPI) joins the fight against COVID-19 and distributes 1,200 KN95 masks to Meycauayan Hospital in Bulacan, Quirino Memorial Medical Center in Quezon City, and Amang Rodriguez Hospital in Marikina City.

EU Commission proposes €750bn recovery fund

The EU Commission will propose on Wednesday a €750bn recovery package, economics commissioner Paolo Gentiloni said in a tweet, calling it a "turning point" in the Covid-19 crisis. It comes on top of the one-trillion euro EU budget and the €540bn already a...

Covid-19: Portugal hopes summer tourist season can be saved

Portugal has seen relatively few cases of coronavirus compared to its neighbours, but Covid-19 and the resulting lockdown have dealt a heavy economic blow. The country is highly dependent on tourism,…

Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel

Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.

Takeovers Panel Responds To Metlifecare’s Application For Letter Of Intention

The Takeovers Panel has reviewed the information proposed to be put by Metlifecare Limited (Metlifecare) to its shareholders for the purpose of voting on a scheme of arrangement (the Proposed Scheme) to effect the acquisition of 100% of the ordinary shares in Metlifecare by Asia Pacific Village Group Limited (APVG).

Covid-19 highlights importance of agri storage

Promoting storage capacity of food grains at the Gram-Panchayat level will go a long way in making villages and farmers self-reliant

Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden

The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit

Leo Puri to take over as Chairman of JP Morgan

Kalpana Morparia to retire

One in every 10 Portuguese asked for a loan to pay bills

One in every 10 Portuguese has had to apply for a new loan to pay bills

Sharp IT budget cuts expected in wake of COVID-19

Gartner and IDC see global IT spending dropping precipitously this year, with cloud services an exception as enterprises accelerate transformational strategies.

S&P 500: No supports of note broken – Credit Suisse

S&P 500 outlook stays seen critically balanced with the market still below its 200-day average at 3000 on a closing basis, but with no supports of not

PBoC: China to roll out 11 financial reform measures in near-term

The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will dee

GBP/USD: Sterling has room to rise on Brexit hopes

Brexit hopes, the scandal around Dominic Cummings, and Sino-American relations are in the mix. Yohay Elam, an analyst at FXStreet, thinks the cable ha

NZD/USD trades at fresh multi-month highs above 0.6200

The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi

USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank

The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b

Facilio launches REbuild to help real estate owners safely restart property operations

Facilio launches REbuild to help real estate owners safely restart property operations

US Dollar Index Price Analysis: Rising odds for a move to 98.50

DXY is losing the grip further on Wednesday, extending the decline for the second consecutive session after being rejected from the 100.00 mark at the

EUR/JPY Price Analysis: Shifts the focus to the 200-day SMA

EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance from the key barrier at 119.00 the fig

EU Commission to propose EU budget worth €1.1 trillion – Reuters

The next EU budget proposed by the European Commission will be worth €1.1 trillion and will include the coronavirus recovery fund, Reuters reported on

EUR/GBP clings to gains near daily tops, still below mid-0.8900s

The shared currency caught some fresh bids in the last hour and lifted the EUR/GBP cross to daily tops, around the 0.8935 region. The cross stalled it

AUD/USD: Looking at the 0.6706 resistance to open upside potential – Credit Suisse

AUD/USD has pushed higher to test of 0.6659/6706, a pivotal resistance area comprising of the 200-day average, the March high, and 78.6% retracement,

USD/CAD: Short-term bias turned to the downside – Credit Suisse

USD/CAD broke below 1.3856/3793 to suggest a more important move lower, with the support seen initially at 1.3734 being currently tested, the Credit S

Safir invites civil societies to benefit from its grant

The civil society organizations selected at the end of this call for projects will be in charge of the advocacy training offered as part of the Safir project. It starts its operational phase with the launch for the first two calls for applications towards incubators/accelerators and civil society organisations. More than 1,000 young project leaders will benefit from this project. Launched in March 2020, Safir is built around 3 pillars: supporting more than 1,000 young project leaders managing entrepreneurial projects with social, cultural and environmental impact, structuring and developing a regional network of support organisations, and creating spaces for dialogue between youth and governmental authorities.

Geneva Motor Show Might Not Return Until 2022

The 2020 Geneva Motor Show became one of the first high-profile automotive events to be canceled due to the...

Are the Coronavirus Bailouts Working? What We Know So Far

If the crisis persists, Congress, the Treasury Department and the Federal Reserve may have to rewrite their playbooks.

Medicare Recipients May Get Insulin at $35 Per Month

Beginning next year, people on some Medicare Part D or Medicare Advantage Plans who need insulin will be able to access the lifesaving medication for just $35 a month, according to a new plan announced by the White House.

If you’re seeking the path to a six-figure role as a project manager, your journey starts here

It’s one thing to recommend a new professional gets certified in some core disciplines of their job if they’re looking to advance. But the real trick is often in deciding what exactly are the right credentials to reach that destination. In the project management field, certification is important — and also a lot more complicated […]

Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]

Work-from-home emergence prompts rethink on designs, project locations

Developers are redesigning their projects prompted by buyers' emerging needs as a result of working from home.

Lowy family-backed fund pays $40m for Melbourne homemaker centre

The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.

Google Provides $1,000 USD Allowance to Employees Working From Home

To put towards computers and office furniture.