India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy

In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter

Coronavirus depresses US consumer spending in April

WASHINGTON, May 29 — US consumer spending suffered another month of record decline in April as the Covid-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression. The Commerce Department said today...

India Heads for Recession as GDP Growth Dips to Lowest since 2012

New Delhi (Sputnik): The Indian economy had been slowing down since 2018 due to the combined impact of the US-China trade war as well as instability in domestic...

India quarterly growth worst in 2 decades as lockdown bites

India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020

Quarterly growth slides to 3.1 per cent, more pain feared

Worries centre around Covid surge, slow recovery

GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20

Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%

Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore

India GDP growth dips to 3.1 pc in Jan-Mar; 4.2 pc in 2019-20

The gross domestic product (GDP) had expanded by 5.7 per cent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.

Pandemic pain: Output of 8 core sectors contracts 38.1% in April

As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,

Q4 GDP reveals a sorry picture even before the onset of lockdown

With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far

Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic

The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse

New York Community Bancorp: Nice Little Trade

While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State

Etsy: A Niche E-Commerce Poised For Growth

Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t

Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen

Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.

SNAP Stock Has Some Fundamental Issues That Should Worry You

Snap stock won't see sustained gains unless it broadens its user base, changes its monetization strategy, and markets itself outside the U.S.

Rocket Internet SE (RCKZF) CFO Bettina Curtze Q1 2020 Results - Earnings Call Transcript

Rocket Internet SE (OTC:RCKZF) Q1 2020 Earnings Conference Call May 28, 2020 04:00 AM ET Corporate Participants Bettina Curtze - Senior Vice President of Financ

ReneSola Ltd (SOL) CEO Yumin Liu on Q1 2020 Results - Earnings Call Transcript

ReneSola Ltd (NYSE:SOL) Q1 2020 Earnings Conference Call May 29, 2020 08:30 AM ET Company Participants Gary Dvorchak - The Blueshirt Group Asia Yumin Liu - Chie

Essential Properties: E-Commerce-Resistant Real Estate For The Long Term

Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo

GetSwift: A Smart Bet On The Post-Corona Delivery Revolution

GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin

Bears Trade By Day, Bulls By Night

Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn

GST Council to meet next month; FinMin not for raising rates on non-essential items

If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.

Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so

Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so

Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]

Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]

Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]

Economy needs the support of PSBs, says Union Bank chief

The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d

Economy needs support from PSBs: Union Bank chief

Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

India’s housing sector facing its worst-ever crisis: CREDAI

IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis

Forbes Announces Kylie Jenner Is No Longer A Billionaire

Kylie Jenner has lost her billionaire status after being accused by Forbes of inflating the size of her business and success.

Forbes removes Kylie Jenner from billionaires list

Olushola Odeyinde Kylie Jenner has been removed from the list of billionaires by Forbes on Friday. The Reality Tv star, Make-up business mogul, and influencer has been accused by Forbes of in...

Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH

The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis

EUR/GBP retreats from two-month highs, returns below 0.9000

The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at

Exxon Mobil: Higher Oil Prices To Recover Share Price

Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec

COVID-19 (Coronavirus) Plays To Benefit As Economies Reopen

Countries all over the world are now reopening their economies, a brief review. Country by country update on coronavirus statistics. Country ETFs, sector ETFs,

CIRCOR International, Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by CIRCOR International, Inc. in conjunction with their 2020 Q1 earnings call.

COVID-19 Impact on Online Lending: Report

The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav

Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate

MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]

India's economic growth dips during coronavirus pandemic

NEW DELHI — India’s economy grew by 4.2% in the fiscal year that ended in March, down from 6.1% the previous year, the government said Friday, and is likely to contract this year because of the coronavirus pandemic. The growth dipped to 3.1% in January-March, the last quarter of the fiscal year, as the country …

Work from home is here to stay, but it may put younger workers at a disadvantage

Physical offices often serve as a key place for younger workers to socialize and network, but the post-pandemic workplace may be your laptop screen.

Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic

In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.

Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches

Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]

Govt supports King Country farmers to lift freshwater quality - O'Connor

Healthier waterways are front and centre in a new project involving more than 300 King Country sheep, beef and dairy farmers.

Farmers ‘managing’ but could lose new staff as businesses reopen

THE farming industry is ‘managing’ despite the loss of foreign labour during the pandemic, but concerns are growing about possible staff shortages when other sectors reopen, an industry spokesman has said.

Crude has best month

Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.

Household income surged in April despite the collapsing labor market

CARES Act benefits worked really well.

Karnataka decides to embark upon agritourism

Aims to introduce aspects of agriculture and rural life to urbanites

Desilting of Pallapalayam Raja Vaical begins

Work on desilting of the Pallapalayam Raja Vaical in Karur district has begun under the kudimarathu scheme. The work would be executed at an estimate of ₹43.50 lakh and would include construction of r

Mani Ratnam Decodes The Industry’s Situation Amid Lockdown & Has THIS Legit Solution To It, Read On

Just like every other sector, the entertainment business in India too has seen a downfall because of the ongoing lockdown. Its been more than two months since shooting of films, serials, and web ser

PayPal: Shares Lack Further Upside At The Current Valuation

PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po

Canadian Western Bank 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Canadian Western Bank in conjunction with their 2020 Q2 earnings call.

German official sees Lufthansa bailout in reach, demands fairness

The Berlin government is likely to reach a deal with Brussels on a US$10 billion government bailout of stricken airline Lufthansa , senior ...

Volkswagen says it will have full control of JAC-VW Chinese venture

German automaker Volkswagen will have full management control of its JAC-VW joint venture, the company's China CEO said on Friday.

Australia faces further cost-cutting despite improved outlook

Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be ...

Afterpay Launches Fund-raising Effort to Help Fashion Industry, Those in Need

The "buy now, pay later" provider said consumers can simply check a box on the app to donate a $1 to the program.

Review Of Aoraki/Mount Cook National Park Management Plan To Restart

The Department of Conservation (DOC) and Ngāi Tahu in consultation with the Canterbury Aoraki Conservation Board have agreed to start a new review of the Aoraki/Mount Cook National Park Management Plan.

Council Approves City Recovery Fund

Wellington City Council has adopted a framework to manage the new Tipu Toa: Build back better, City Recovery Fund.

Water And Wastewater Price Changes From 1 July 2020

Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.

Telecom services unaffected by lockdown in May

‘Nearly 97 per cent of the 1.1 billion SIMs are pre-paid, and all of them are being recharged’

Gujarat farmers rush for groundnut seeds as monsoon rains approach

Mills make a killing as seed prices jump in a short span

Power Ministry prepares ₹3 lakh crore scheme for Discom reforms

The Ministry of Power has drawn up plans for a ₹3 lakh crore new scheme to improve the health of power distribution companies (Discoms). The old schemes of the Ministry will be amalgamated into this n

How will consumption shape up post Covid?

With consumers confined indoors and worried about the future, health and ‘homebody’ products may be chosen over indulgences

Diane Dodds says north faces 'long, hard road to recovery'

Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.

Bulk deals: BlackRock Advisors sells Karnataka Bank shares

Heres who bought and sold what in some of the key bulk deals of the day.

Kylie Jenner stripped of billionaire status as Forbes makes major U-turn

A huge U-turn.

BP licenses PTA technology to Weilian Chemical

BP plc (London, U.K.) has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to C

Ecolab closes sale of Holchem Group to Kersia

Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,

Phoenix virtual activity platform for seniors wins $50,000 in GPEC pitch contest

A Phoenix company that focuses on keeping senior citizens active and connected as they age won a $50,000 grant provided by the Pakis Center for Business Philanthropy at the Arizona Community Foundation as part of a digital pitch competition hosted by the Greater Phoenix Economic Council.

Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers

After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.

Maharashtra Govt to soon announce economic package, says DCM Ajit Pawar

Hospitality sector expects demand to pick by Q4 2020: Survey

Libertex Parent Pays €160,000 to Settle Violations with CySEC

The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.

Tencent raises USD 6 bln in bond offering, pledges investment of USD 70 bln into cloud, AI, cybersecurity

China’s Tencent has raised USD 6 billion through a number of bond offerings, Reuters reported, calling it the largest debt deal by an Asian corporate this year. The notes will be issued on 3 June. About USD 1 billion was raised with 5-year notes, nearly USD 2.3 billion with 10-year notes, USD 2 billion with 30-year notes and USD 750 million with 40-year notes. The 40-year term is a first for the company. 

RSK Blockchain Empowering the Social Impact Space

Although blockchain technology is consistently touted as a force to reckon with in the traditionally heavyweight industries including finance and banking, the technology’s peculiar characteristics such as immutability, and safety, among others, make it an ideal fit for the social impact sector. To date, several projects have leveraged distributed ledger technology (DLT) to transform the lives of billions of people the world over.

Amazon in talks for new 750-worker Dublin office despite virus

Amazon is in talks to rent an office block in Dublin with space for about 750 workers.

Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down

Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".

Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal

The first tranche of US$1.9 billion may be disbursed the following day.

Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading

Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.

Williams set to sell Formula One team following financial losses

Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...

Government aiming to reopen all schools in late August

The Taoiseach says the Government intends to reopen all schools at the start of the next academic...

TWSS open to women returning from maternity leave

The Temporary Wage Subsidy Scheme has been amended to allow women who were on maternity leave to access the payment.

Robotic Process Automation can help the public sector battle COVID-19

Teemu Vieruaho, Digital Workforce, discusses how Robotic Process Automation can help fight the public sector’s battle against COVID-19

Global champagne sales fizzle amid coronavirus pandemic because people aren't celebrating

Now this is just cham-painful.

Main Street’s Pandemic-Led Shift To Digital Innovation

With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.

'Historic measure': Spain backs minimum income for most vulnerable

"A country does not prosper if it leaves out part of its population," said Spain PM Pedro Sanchez as his government backed the introduction of a minimum income for the country's most vulnerable.

Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near

Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co

Sony on track for PS5 launch despite supply-chain challenges

Latest PlayStation console expected to launch globally in the final quarter of 2020

Sound the trumpet! Debt jubilees have arrived

Some of the pandemic relief policies around the world are a grand gesture towards forgiveness

COVID-19: Act now or risk ‘unimaginable devastation’ globally, warns UN chief

COVID-19: Act now or risk ‘unimaginable devastation’ globally, warns UN chief

ZTE 5G NR and UME system receive ISO/IEC 27701 Privacy Information Management System certificate

PRESS RELEASE: ZTE Corporation, today announced that it has received the ISO/IEC 27701:2019 certificate, which ...

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.

Fast-track construction of S.African hospital in response to COVID-19

In South Africa, the construction of a R3 billion hospital, originally scheduled for completion by November, has been fast-tracked to open by June.

Sanwo-Olu scores high on THEMES agenda - The Nation Nigeria

Governor Babajide Sanwo-Olu ran his election campaign on “a vision for a greater Lagos.” He based his development agenda upon six pillars called T.H.E.M.E.S...

LG Sees Surge in Apple Orders for iPad LCD Panels [Report]

Apple has reportedly asked LG Display to quickly supply a larger than expected number of iPad LCD panels.

Keep It Simple and Avoid Exxon Mobil Stock

Higher oil prices may have investors considering buying Exxon Mobil stock. But, the murkiness surrounding demand makes the stock a poor bet.

United Airlines Is a Little Bit Less Ugly

While UAL stock is less ugly today, that’s not enough of a reason to buy shares.

Buy Bed Bath & Beyond Stock Before Consumer Spending Surges

Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.

CannTrust Holdings greenhouse licenses reinstated, plans restart of operations

CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.

EU says conditions needed in Lufthansa bailout, seeks deal

The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.

COVID-19: CBN introduces regulatory forbearance for financial institutions

the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020

Hertz Burns Carl Icahn in Bankruptcy

Even the best investors can make a bad move. Here's how much Carl Icahn lost on Hertz.

JPMorgan on Pace for Another Strong Quarter of Trading Revenue

The bank's investment banking head said trading revenue in Q2 could be 50% higher on a year-over-year basis.

Travel industry using cleanliness, celebs to woo customers

NEW YORK/LONDON/BEIJING – Lysol is starring with celebrities and rock-bottom prices in the US$8 trillion (S$11.3t) global travel industry’s pitch to get people back on the road and in the air. What was scrubbed from view now leads marketing campaigns as cleanliness is...

Debate over USD 600 in jobless aid to intensify as claims rise

A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.

Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan

Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently

Newcastle United accounts unveil Mike Ashley's interest-free loans and hospitality expenses

The Magpies latest accounts have been published

Newcastle reveal they have almost doubled profits in last 12 months and Mike Ashley paid for Sports Direct advertising

The latest Newcastle United club have accounts have been published

‘Not an Asset Class’ Bitcoin Spiked by 100,000,000% Since 2011

Goldman Sachs is missing the fact that Bitcoin has provided an unprecedented 100,000,000% return on investment since 2011.

June Brexit summit on cards as talks head for deadlock

PM and commission president likely to meet with progress unlikely in talks next week

Google reportedly rescinds 2,000 contract worker jobs

Google said it would slow hiring "given that we are faced with a global crisis of uncertain depth and duration."

Instacart’s tip-baiting system is short-changing shoppers, senators say

Congress wants regulators to get involved.

Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%

Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.

When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders

Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.

OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too

Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.

CBS News President Susan Zirinsky Says Corporate Execs Have Discussed Pay Cut

The company, which underwent layoffs this week, has not yet docked executive pay, which has "upset" some network staffers.

Market watch: KSE-100 rises despite rupee depreciation

Benchm­ark index gains 235.81 points to settle at 33,931.23

Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford

Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company

EUR/GBP Price Analysis: Euro steadies above the 0.9000 figure vs. Pound

EUR/GBP refreshed the monthly tops while holding above the 0.9000 figure and its main SMAs on the four-hour chart. The buyers remain in charge as a daily close

Sun Pharma To Test Pancreatitis Drug In COVID-19 Patients

The company joins other drugmakers Glenmark and Strides Pharma Science that are conducting trials in India for potential drugs for COVID-19.

Foreign Exchange Reserves Soar To Record High Of $490.04 Billion

The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.

Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?

China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.

SpiceJet Gets DGCA Approval To Conduct Drone Trials; To Be Used In Delivery Of Essential Supplies

Airline major SpiceJet plans to use drones for cost -effective delivery of medical, essential supplies and e-commerce. The airline company, the only one till now, has received approval from the Directorate General of Civil Aviation (DGCA) to conduct drone trials.

Bengaluru's hotels likely to reopen in June

Bengaluru's hotels likely to reopen in June: The hotel industry is one of the worst-hit industries due to lockdown, along with the tourism industry. Bengaluru's hotel industry has incurred a loss of around Rs 1200 crore during the lockdown period however, the hotels here are likely to open in June if the State government issues guidelines for the resumption of their services.. Get all latest entertainment & viral stories on english.lokmat.com

Fiscal deficit widens to 4.6% of GDP in 2019-20, higher than revised estimates of 3.8%

The country's fiscal deficit widened to 4.6 percent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data

BSEB allows students to apply for re-evaluation of Bihar Board Class 10 answer sheets from 29 May to 12 June

Bihar School Examination Board (BSEB) has announced that those who are not satisfied with the marks they received in any subject of Class 10, can apply for scrutiny from 29 May to 12 June

Louisiana House votes to create $300 million business fund

The Louisiana House of Representatives on Thursday voted to set aside $300 million in federal pandemic relief aid for small businesses.

Powell speech: Evidence on whether negative rates work is mixed

The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese

EUR/USD: ECB and a packed US data could wane the optimism

EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re

Powell Speech: Fed is strongly committed to using its tools

The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp

AUD/USD retreats from 0.6680 as the markets await Trump’s conference on China

The Australian dollar has failed again to break the resistance level at 0.6680 and the pair has retreated to levels near 0.6600 as risk appetite plun

NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%

The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho

RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations

The action will not affect the bank's customers, RBI clarified

Change is never easy, the birth of a new nation comes with pain – Lai Mohammed

Alhaji Lai Mohammed, the Minister of Information and Culture, says President Muhammadu Buhari has put Nigeria on an irreversible road

Coronavirus Update: How COVID-19 Reforms the Mobility Industry

The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.

IOA finance chairman refuses hotel bookings for Tokyo Games without president’s sanction

PTI New Delhi Indian Olympic Association’s finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookin

Tobacco farmers ask govt to shun policies aping West

IANS New Delhi The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing farmers and farm workers of commercial crop

Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies

IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, re

Vanishing jobs for young could create ‘lock-down generation’ | Honolulu Star-Advertiser

GENEVA >> Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average. About three months ago, the coronavirus outbreak swept into Iraq, and the 28-year-old father of two has been out of work ever since.

US stocks slide as traders await Trump's China news conference

US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...

Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic

Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic.  The company an...

Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low

Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...

Brazil’s Embraer draws foreign interest after Boeing rift, say sources

SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...

Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic

KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...

Chase adds limited-time Sapphire benefits to help grounded travelers

Heads up! We share savvy shopping and personal finance tips to put extra cash in your wallet. Android Central may receive a commission from The Points Guy Affiliate Network. Please note that the offers mentioned below are subject to change at any time and some may no longer be available. While some TPG readers are considering booking trips down the line — in some cases, even this...