Economy 1890
JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins
Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO
HBO Max is an expansion of the HBO streaming service you already use, but with a new name
Looking for episodes of “Sesame Street” but can’t seem to find your HBO streaming app? Or maybe you noticed that the app changed to a slightly different logo and name?
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
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore
Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
Wall St rises with economic hopes; bank stocks jump
By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
Google now lets businesses clarify what online services they offer during the pandemic
Businesses in more countries will also be able to list donation links.
Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings
The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.
Interest in ‘Suicide Squad’ edit grows after Snyder Cut greenlit
LOS ANGELES, May 27 — After Zack Snyder’s Justice League was announced for Warner Bros’ streaming service HBO Max, attention has turned to the possibility of an alternative cut for another DC Extended Universe entry, 2016’s Suicide Squad. Ever since the release of superhero ensemble movie...
Biotech Stocks Have Been on Fire, But Timing Is Everything
Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.
Pinterest Introduces Shopping Spotlights With Influencers And Publishers
Pinterest is introducing a new feature called shopping spotlights that brings expert recommendations from influencers and publishers directly to consumers.
Global Yields For Stocks And Bonds
The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t
Property professionals must see technology as an opportunity, not a threat
Over the past 10 weeks, digital platforms have played a key role in sector
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.
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap
It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto
Money Saving Expert advice can save thousands on your Council Tax
You can claim back huge refunds, reduce your payments or even cut Council Tax to zero
'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes, Business Insider - Business Insider Singapore
Business Insider - A delay in changing soiled residents led to a "skin breakdown," and others were found not to have been bathed for several weeks.. Read more at businessinsider.sg
Target is selling outdoor waterbeds with built-in sprinklers, and they're perfect for people who don't have a pool, Business Insider - Business Insider Singapore
Business Insider - The outdoor water beds are rainbow-colored, and retail for $30. They can be purchased both online through Target's website and in stores.. Read more at businessinsider.sg
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.
Coronavirus aftermath: Airlines to reel under massive debts; will weigh down recovery
With airlines across the globe remaining shut in the wake of coronavirus lockdown, the debt mount up will weigh heavily on carriers and may even hamper recovery.
$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.
The 2 astronauts flying SpaceX's new Crew Dragon spaceship explain what it's like to operate it, Business Insider - Business Insider Singapore
Business Insider - The SpaceX Crew Dragon spacecraft is set to blast off from Cape Canaveral, Florida, on Wednesday at 4:33 p.m.. Read more at businessinsider.sg
WHO creates foundation to tap new funding sources
World Health Organization Director General Tedros Adhanom Ghebreyesus announced on Wednesday the creation of a foundation that will enable it to tap new sources of funding, including the general public.
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news
Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore
Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
German ECB executive shrugs off court ruling against bond buying
Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
Samsung Money is the company’s new Samsung Pay-linked debit card program
Another tech company debit card.
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
Xiaomi teases Mi branded laptops for India, could launch in next few weeks
After launching its flagship Mi 10, Xiaomi may be bringing its much-awaited Mi series laptops to the Indian market.
News Corp to stop printing more than 100 Australian regional papers
Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…
French economy making 'cautious' virus lockdown recovery
A return to normal will likely take many months, warns France's national statistics agency
Lorry deaths: 26 arrested in Europe human trafficking probe
Those detained are suspected of being part of a criminal organisation trafficking Vietnamese nationals through Belgium and France to the UK.
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.
Air France to cut 40% of domestic flights after bailout
Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil
Ford made its police SUV heat itself up to more than 133 degrees to kill the coronavirus
If you’ve ever lived in a hot climate, you know what it can be like to enter a car that’s been parked for a while in the sun, and find that the steering wheel is smoldering to the touch and the cabin feels like a blast furnace.
Business rescue practitioners shut down SAA’s plans to fly again
South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.
Aurora Stock Is a Contentious Contrarian Cannabis Play
Brace yourself, because there will continue to be outsized daily price moves in Aurora stock. But there's potential for long-term gains.
Lawsuit over festival refunds
Two men are suing organizers of Ultra Music Festival, claiming they were denied refunds after the the three-day electronic dance music festival in Miami was cancelled in March because of the coronavirus pandemic.
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
EU bailout package 'would be a game-changer' for Europe, analyst says
Guntram Wolff has told Euronews that if EU leaders can agree on a one-trillion bailout package for member states it would strengthen the bloc.
Disney World is set to reopen on July 11 with masks and temperature checks required
Disney told a Florida task force that it planned to open its Magic Kingdom and Animal Kingdom parks first, followed by Epcot and Hollywood Studios.
MLB players will take time to respond to money-slashing plan
Baseball players will take at least a few days and possibly until next week to respond to Major League Baseball’s proposed sliding scale of salary slashing for a pandemic-delayed season in ballparks w
Kylian Mbappe has once again heaped praise on Liverpool FC and manager Jurgen Klopp, saying they make 'winning look easy', Business Insider - Business Insider Singapore
Business Insider - The Paris Saint Germain forward has often spoken of his love for the club, and has been linked with a move to Anfield in the past.. Read more at businessinsider.sg
ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy
Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
China's Chery Auto plans to sell cars in EU, United States: chairman
China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...
$100 utilities credit for households with at least one Singaporean
All households with at least one Singaporean member will receive a one-off $100 sum to cover their utility bills. This sum, known as the Solidarity Utilities Credit, will be credited in their utilities bill in July or August and covers all property...
‘Call taxis ready to install fiber glass partition and ply’
The association said about 25,000 drivers have been struggling to make ends meet owing to the lockdown.
Goodman company gets €19m judgment against Blackrock Clinic founder
Judge dismisses range of claims from Dr Joseph Sheehan
Coronavirus wrap May 27: West Bengal starts buses on 40 routes; UN says pandemic creating 'lockdown generation'
A total of 6,387 new cases of coronavirus infection and 170 deaths were reported in a 24-hour span till Wednesday 8 AM, according to ministry's data.
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
Philips Avent’s final swansong before factory closure
A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
Cuomo to press Trump on reviving US economy with roads, bridges in White House meeting
WASHINGTON, May 27 — New York Governor Andrew Cuomo will press President Donald Trump to invest in the nation’s roads, bridges and rails during a White House meeting today as US states begin to reopen after the coronavirus outbreak left the economy in tatters. Cuomo’s visit to Washington...
Analysis: Trump's Conspiratorial Cruelty and Impulsive Feuding is One of Joe Biden's Greatest 2020 Assets
Reality Check.
Samsung Money: This is Samsung’s answer to the Apple Card
As reported previously, Samsung is introducing a physical debit card that’s integrated with Samsung Pay. The solution is called Samsung Money and it’s released in partnership with SoFi and Mastercard.
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
Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript
Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
Film, TV Industry Reopening Guidelines Coming 'Later in the Week,' Newsom Says
Gov. Gavin Newsom said "industry and labor" groups wanted to "tighten up some aspects of their guidelines"
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Covid-19 in Tamil Nadu: State gets investment task force; smartphones for Class 10 SSLC students in Chennai
In a tweet, Chief Minister Edappadi K Palaniswami announced that the state has signed MoUs with 17 institutions for investments worth Rs 15,128 crore and to create 47,150 jobs in Tamil Nadu.
Aldi announces plans to open new store in Cork
Aldi has said that the new store will see “substantial investment” in the area.
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares
Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business
schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...
Brown says learning must be accelerated on Seahawks O-line
Whenever the Seattle Seahawks finally get together in person, Duane Brown will see plenty of unfamiliar faces on the offensive line.
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
Global spending on oil to drop by $1 trillion in 2020 says IEA
Investment in energy sector will see its biggest drop this year says the agency
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic, Business Insider - Business Insider Singapore
Business Insider - The Tesla Model X SUV and Model S sedan are $5,000 cheaper, while the Model 3 got a $2,000 cut. The move comes as COVID-19 tanks overall car sales.. Read more at businessinsider.sg
All educational institutions still prohibited to open: MHA
Ministry of Home Affairs (MHA) on Tuesday night denied the reports which claimed that MHA has permission to all the states to open the schools. “No such decision has been taken by the MHA. All educati
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
Pound Sterling Price News and Forecast: GBP/USD reversal from 1.2350 extends to session lows at 1.2205
Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday's 1.2% rally, weakening near-term structure and shifting focus lower.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.
Walmart Goes Full-Throttle on Resale With ThredUp
As part of an ongoing mission for fashion dominance, Walmart enters resale.
IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com
The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added
Wuhan wet market is the ‘victim’ of coronavirus outbreak, China’s CDC says
The Wuhan wet market believed to be the origin of the coronavirus pandemic has been unfairly made into a scapegoat for the pandemic, China’s top health official claimed. “At first, we assumed
Nottingham students to strike against 'immoral' rent payments for unused accommodation
The students feel it is 'worth the risk' of legal action
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional
The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.
International students are torn on whether to study in Britain as universities contemplate virtual classrooms
One in five students in the UK is from overseas — and many come for the highly collaborative seminars, which may not be possible this year.
France GDP could fall 'around 20pc' in second quarter, statistics agency says
PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...
Disney World is set to reopen on July 11 with masks and temperature checks required, Business Insider - Business Insider Singapore
Business Insider - Disney told a Florida task force that it plans to open the Magic Kingdom and Animal Kingdom first, followed by Epcot and Hollywood Studios.. Read more at businessinsider.sg
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
Cotton trade body writes to Centre seeking early measures to control locust menace
The locust attack in parts of India is feared to pose a threat on the kharif cotton crop in the key growing States. The Cotton Association of India (CAI) has appealed to the Centre for taking immediat
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis
OnePlus CEO Pete Lau hints at affordable OnePlus Z phone, may launch first in India
OnePlus has long been tipped to be working on an affordable OnePlus device, with the company's CEO now confirming the affordable smartphone will first come to India before other markets.
Fortitude Budget: More support for charities as help requests surge
He lost his entire income because of the pandemic, and found himself struggling to feed his family. The man in his 50s became desperate as his meagre savings dried up. He turned to Food from the Heart, a charity providing food. Its chief executive, Ms Sim Bee Hia,...
Finnish study proposes a model to predict cryptocurrency defaults
University of Vaasa researchers propose a model that is capable of explaining 87 percent of cryptocurrency bankruptcies after only one month of trading. It could potentially serve as a screening tool for investors keen to boost overall performance of cryptocurrency investment portfolios by avoiding investing in unreliable cryptocurrencies.
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
New turbulence in high-stakes Lufthansa rescue drama
Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'
Toronto Star owner Torstar to be sold, taken private in $52- million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
New Call of Duty: Modern Warfare and Warzone season teases playable Captain Price
The new season begins in June
Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
SAA can still be saved with funding - administrators
SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.
As Trump Smears Masks As ‘Politically Correct,’ Hannity Emphasizes Their Importance
Conservative Fox News host Sean Hannity, usually a reliable mouthpiece for President Donald Trump, took a rare stance at odds...
San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG
Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi
Oil slides on OPEC, Russia uncertainty
Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.
Shares in Latin America's biggest airline drop 35% after bankruptcy filing
SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...
Sen. Josh Hawley criticizes Google over deletion of certain comments critical toward China
Sen. Josh Hawley is demanding answers from Google about the company’s deletion of certain comments critical of the Chinese government.
Microsoft has a new app to help parents keep tabs on their kids’ Xbox time
Available now on iOS and Android.
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore
Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg
Telecom growth on hold as pandemic cools demand
Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues
Recalling a pioneer of modern political economy
Alberto Alesina, the Nathaniel Ropes Professor of Political Economy and a member of the National Bureau of Economic Research (NBER), died at age 63.
Contributions to PM CARES Fund will be considered as CSR: Centre
The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
Americas will be hardest hit by COVID-19 job losses: ILO
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, ...
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.
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
Survey looks at binge-drinking, financial anxiety during COVID
TORONTO - A recent survey of about 1,000 Canadians suggests heavy drinking is highest among younger people and those worried about personal finances due to
Pediatricians urge efforts to offset COVID-19 impacts on children from low-income households
The COVID-19 pandemic has magnified the social, educational and health care disparities already plaguing the nearly 40 million Americans the U.S. Census Bureau estimates are living in poverty.
10 of the most inspirational second careers of professional athletes, Business Insider - Business Insider Singapore
Business Insider - These 10 athletes have retired from sports, but haven't exactly relaxed in retirement. They've used their platform for good.. Read more at businessinsider.sg
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
European Jewish Communities and the Coronavirus Crisis
The coronavirus crisis has shaken many European Jewish communities to the core. As the EU member states try to return to normal in the aftermath of the most severe threat to the lives of their citizens since WWII, the continent’s Jewish communities struggle to come to terms with the devastating events of the past months.
European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage
Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
IHCL goes for enhanced safety and hygiene for opening hotel post lockdown
As part of its strategy to open its hotels after lifting of lockdown, Indian Hotels Company Ltd. (IHCL) has decided to use industrial strength disinfectants at common and high-touch areas of hotels li
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
The coronavirus has killed more than 100,000 Americans in just over 4 months
More than 83% of those deaths could have been avoided if the US had locked down two weeks earlier, some research suggests.
From Wall Street to Bethlehem, iconic sites reopen from virus
International Business News: Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors on Tuesday from the coronavirus pandemic, but n
Jennifer Aniston was a telemarketer before making it big as an actress
Jennifer Aniston was a telemarketer before making it big as an actress
Lufthansa bailout 'in Europe's best interests'
German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.
Montenegro woos tourists to Europe’s ‘corona-free’ corner
PODGORICA, May 28 — Less than two months after detecting its first infection, Montenegro is the first country in Europe to declare itself coronavirus-free, a success story the tiny country hopes will lure tourists to its dazzling Adriatic coast this summer. For weeks hotel staff have been raking...
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis
Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director
Businessman Hamilton Ndlovu Apologises For ‘Poor Taste’
Johannesburg businessman Thabiso Hamilton Ndlovu apologises to South Africa for his 'poor taste' after a video in which he was showing
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
Elon Musk told NASA astronauts’ kids, ‘we’ve done everything we can to make sure your dads come back ok’ ahead of the SpaceX launch
SpaceX CEO Elon Musk seemed to get emotional on Wednesday when discussing the astronauts his company is about to launch into space.
Elon Musk's SpaceX raises US$346 million ahead of debut astronaut mission
Elon Musk's SpaceX said on Tuesday that it raised US$346.2 million in a new round of funding, a day before it launches two American astronauts to ...
I'm white. My sons are black. The Central Park incident confirmed that my kids won't be safe anywhere., Business Insider - Business Insider Singapore
Business Insider - I thought moving my family to a more diverse city would protect my black children from racism. I was wrong.. Read more at businessinsider.sg
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.
Pics: President follows up on road projects in Egyptian capital
Sisi has been keen to listen to the opinions of the workers in these projects and make sure the work goes as it should, Presidential Spokesman Bassam Radi said.
EU reactions to Commission 750 bln euro coronavirus recovery scheme
BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan
Queues and limited browsing in store for English shoppers
LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...
‘If it goes wrong, it’s my fault’: Elon Musk is feeling nervous hours before SpaceX’s historic mission to launch its first astronauts into space
SpaceX CEO Elon Musk has opened up about his nerves ahead of SpaceX’s first-ever launch of people into orbit on Wednesday – and said the blame lies with him if anything goes wrong.
EU pledges €40b for ‘just transition’ from fossil fuels
BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...
Morrison is chasing votes at the expense of exports
We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.
COVID-19: West African Traders Losing 30 Per Cent Of Produce To Movement Restrictions
Although governments across the region have said food items are among a list of essential items that can move freely, a senior research fellow at the International Food Policy Research Institute, Antoine Bouet, said most of the trade in the country are done informally and in small quantities.
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
The exchange between the CNBC hosts lasted around a minute as they lobbed accusations at each other.
7 ‘Harry Potter’-themed masks you can buy online
Whether you’re a Disney, “Schitt’s Creek,” or “Friends” fan, there’s a themed face mask on the market for you.
Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript
Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Ford made its police SUV heat itself up to more than 133 degrees to kill the coronavirus, Business Insider - Business Insider Singapore
Business Insider - Ford worked with Ohio State and police departments to develop the tech. Ford has a longstanding relationship with law enforcement.. Read more at businessinsider.sg
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore
Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg
World watches as South Korea cautiously returns to life
SEOUL, Korea, Republic Of — The baseball league is on. Students have begun returning to school. And people are increasingly dining out and enjoying nighttime strolls in public parks.
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
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.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Facebook reportedly had evidence that its algorithms were dividing people, but top executives killed or weakened proposed solutions, Business Insider - Business Insider Singapore
Business Insider - Despite internal research finding that Facebook's platform encouraged polarization, Mark Zuckerberg and other execs nixed proposals to fix things.. Read more at businessinsider.sg
The Apprentice contestant company’s adverts banned for Covid-19 cure claims
Revival Shots, founded by Daniel Elahi, has been reprimanded by the Advertising Standards Authority.
Buyers coming off the sidelines in Toronto housing market
Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’
SpaceX's launch of NASA astronauts was scrubbed and rescheduled for Saturday due to poor weather, just 17 minutes before liftoff, Business Insider - Business Insider Singapore
Business Insider - Stormy weather can endanger the Crew Dragon spacecraft and the astronauts onboard. Forecasts previously showed a 50% chance of unsafe conditions.. Read more at businessinsider.sg
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
Victoria’s Secret Files Suit to Get Out of Manhattan Lease
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
PAHO: Americas over take Europe as COVID-19 epicenter
May 26 (UPI) -- The Americas have surpassed Europe to become the new epicenter of the coronavirus pandemic, the Pan American Health Organization said while calling on those countries to maintain movement restrictions to curb infections.
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...
Virus outbreak at unnamed business could disrupt reopening
Multnomah County said Wednesday that it hopes to begin reopening in about two weeks, but a mysterious coronavirus outbreak could hinder those plans.
COVID-19 likely to deepen salary crisis in GHADC
TURA: With the ongoing Covid-19 pandemic crisis in the state, agony of the employees of the Garo Hills Autonomous District Council (GHADC) who are yet to be paid their pending dues for over 24 months, is likely to get compounded as there is no certa
As politicians in DC condemn China for crackdowns on Hong Kong protests, US police use tear gas on demonstrators in Minneapolis
Police in Hong Kong and Minneapolis, Minnesota, had something in common this week. They both used tear gas on protesters.
The 20 car models with the most 2019 surplus inventory still left over unsold
The Dodge Grand Caravan tops the list of the most-unsold car with 66.3% of its inventory still in stock.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Anti-dumping duty likely on rubber imported from China, 3 other countries
Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry
Parents with childcare issues should 'do as Dominic Cummings did', says Cabinet minister Robert Jenrick as he shrugs off party's poll plunge telling 40 Tory MPs calling for aide to be sacked to 'move on'
In a tetchy round of interviews, Housing Secretary Robert Jenrick said people were entitled to exercise 'personal judgement' over the tough lockdown rules.
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore
Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg
Meet Samsung Money by SoFi, a Mastercard debit card and mobile money management experience
Samsung today announced Samsung Money by SoFi, a new Mastercard debit card with exclusive benefits to Samsung Pay and a mobile-first money management experience. Instead of building a solution like Apple Card on its own, Samsung has partnered with fintech company SoFi for Samsung Money.
Hundreds of masked guests line up as Tulalip casinos reopen
Tulalip Resort Casino and Quil Ceda Creek opened the doors on Tuesday after a two-month closure.
We lost the war in Afghanistan — time to come home, Business Insider - Business Insider Singapore
Business Insider - The US has suffered thousands of losses and spent trillions of dollars in Afghanistan and has nothing to show for it.. Read more at businessinsider.sg
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses
Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions
Major U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as...
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
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.
State Bank of India slashes FD rate by 40 bps, second cut in May
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
All players and staff of League of Ireland's European representatives test negative for Covid-19
All players and staff at the League of Ireland's four European representatives have tested negative for Covid-19.
Car buyers falling victim to vehicle sales scams
Consumers who want to buy cars should make sure that they deal with a legitimate car dealership to avoid being victims of scams.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
‘Government will reinvest that money for the welfare of the people
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
UFC files four trademarks for ‘UFSEA,’ including events and merchandising
The UFC is adding "UFSEA" to its list of trademarks.
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
Twitter fact checks Trump's tweet, Trump says it is stifling free speech
Micro-blogging site Twitter has labeled some of US President Donald Trump's tweets as "potentially misleading" and Trump is certainly not happy with Twitter's new discovery.
The two things Kerr Neilson fears in pandemic
The fund manager knows his way through a crisis. This time he’s afraid of only two things: unlisted asset valuations and strongmen promises.
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines, Business Insider - Business Insider Singapore
Business Insider - Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.. Read more at businessinsider.sg
Maxim turns to controversial cover model contest during financial struggles
Financially struggling Maxim is once again turning to a controversial cover-model contest to help it through the uncertain economic times, Media Ink has learned. Maxim unveiled its latest such contest
BMS to seek Opposition MPs’ help against Centre’s move on labour laws
Five key points including plight of migrant workers, unfair labour laws to be brought up
Belkin’s new smart speaker combines high-end audio, Google Assistant support, and wireless phone charging into one handy package
Table of Contents
India should avoid understanding Beijing through 'biased' US lens, says Chinese strategic analyst
In the article, he also accused India of starting the latest standoff, alleging that it was a
Court hears 14 ‘credible’ expressions of interest in Joe.ie company
Examiner appointed to Maximum Media Network
Eskom sees lower risk of power cuts during winter
Load shedding at Stage 1 only, and for just three days.
Don’t Get Caught Up in the Hype of Gold Stocks
The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.
JoJo Siwa fans think the teen star is ripe for a 'Miley Cyrus phase.' This is what the 2 stars have in common., Business Insider - Business Insider Singapore
Business Insider - Teens are paying more attention to JoJo Siwa on TikTok as the former child star nears adulthood, and they're comparing her to Miley Cyrus.. Read more at businessinsider.sg
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
Apple is reopening more stores, but online progress also sparks optimism
Apple Inc. is slowly reopening more of its stores in what one analyst calls a “sign of improving trends,” but the company seemed to be making strides in the...
Cop bashed for dating gold dealer’s ex-wife
A Kwekwe gold dealer was on Monday arrested after he assaulted a police officer in a dispute over a woman.
India loses crown to Indonesia as Honda’s biggest two-wheeler market
HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market
Smokies nonprofit to hold virtual firefly event on YouTube
The annual lottery to see the synchronous fireflies of the Great Smoky Mountain National Park may be canceled this year due to the coronavirus, but a Smokies-based nonprofit will be offering a virtual
Pandemic creating 'lockdown generation' as 1 in 6 youths stop work – U.N.
Young people are facing a 'triple shock' from the coronavirus crisis, which is not only destroying their employment but also disrupting education and training
UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement
(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
Gov. Cuomo asks Trump to greenlight three major infrastructure projects in New York
The appeal comes as New York City faces increasingly dire financial straits from the outbreak.
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
SpaceX passenger brought down to earth by tax evasion allegations
Japanese billionaire Yusaku Maezawa set to be company’s first space tourist
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
More liquidity needed, states should come forward with Rs 20 trn: Gadkari
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
Amazon may buy robo-taxi startup Zoox: Wall Street Journal
Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal
Tradewinds making a comeback today | Honolulu Star-Advertiser
The tradewinds are expected to make a comeback today, strengthen to moderate to locally breezy levels tomorrow, forecasters said, and remain through the weekend.
Caveolin binding motif in Na/K-ATPase required for stem cell differentiation in animals
New findings reveal the importance of the Na/K-ATPase protein in stem cell differentiation and organogenesis, in a study led by scientists at Marshall University that involves the scaffolding function of the Na/K-ATPase.
City of Cape Town offers rates and service relief in revised budget
Due to the loss in revenue and the impact the lockdown has had on local economies, the City of Cape has revised its 2020/21 budget to boost the economy and to offer service relief packages. It was approved on Wednesday.
The virus of fear has to be fought as strongly as the virus of Corona
As we start travelling, it’s important to start reposing faith in brands that are taking precautions
Yintech Investment Holdings Limited (YIN) CEO Wenbin Chen on Q1 2020 Results - Earnings Call Transcript
Yintech Investment Holdings Limited (NASDAQ:YIN) Q1 2020 Earnings Conference Call May 27, 2020 8:00 AM ET Company Participants Yvonne Young - Investor Relations
International students are torn on whether to study in Britain as universities contemplate virtual classrooms, Business Insider - Business Insider Singapore
Business Insider - One in five students in the UK is from overseas — and many come for the highly collaborative seminars, which may not be possible this year.. Read more at businessinsider.sg
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
G20 finance projects give $77 bn a year to fossil fuels: watchdog
Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
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.
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
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
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Donald Trump promises a 'very interesting' response to China's proposed crackdown on Hong Kong
US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial centre if a proposed Chinese crackdown goes ahead, and promised a "very interesting" US response within days. The Chinese legislation would ban secession, subversion, terrorism and foreign
Agencies on front lines of Covid-19 battle to get extra funding: DPM
Agencies on the front lines of the coronavirus pandemic will get extra funding under the $33 billion supplementary Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. This will go towards boosting Singapore's clinical management of cases as well as its...
Markets will clear the froth, warn value investing apostles
The closely watched GMO fund is starting to short global equities in the belief that the latest price surge is treacherous.
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
Stripe expands in Europe, adding five more countries
Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Torrent, Lanco among private gencos not paid by Madhya Pradesh Power Co
This move by MP govt comes after the union power ministry had clarified electricity generation is an essential service and no state can invoke force majeure to defer payments
A family-run circus has been stranded for 2 months in a Spanish town because of the coronavirus lockdown
Performers with the Raluy Legacy Circus have begun livestreaming their act for free and using their costuming skills to make face masks.
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
Bajaj Chetak design patent registered in Europe
Bajaj had applied to register the design patent for its Chetak e-scooter in February 2020 at EUIPO in a bid to stop plagiarism. Click to know more.
Meck budget changes lead to tense words
While trying to balance the budget, Mecklenburg County Manager Dena Diorio and Commissioner Susan Harden got into a tense argument over what line items most deserved to be cut.
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...
Mint Lite | Foreign fund bond holdings at three-year low and other news to know
Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day
Google faces antitrust case in India to unfairly promote its mobile payments app in country
India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters
Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News
New Delhi: Pension fund regulator PFRDA on Wednesday said it has allowed Aadhaar-based paperless KYC process for onboarding of new … Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News Read More »
Sen. Josh Hawley criticizes Google over deletion of certain comments critical toward China, Business Insider - Business Insider Singapore
Business Insider - Google says the deletions were accidental, but Hawley noted the company's prior actions to censor content for China.. Read more at businessinsider.sg
Xiaomi to launch TWS earbuds in the Indian market under Redmi Phone Plus strategy
The Chinese tech giant, Xiaomi, is one of the most popular brands in India. The company and its subsidiary consider the Southeast Asian market as a very important region and have said that it will launch new products under Redmi‘s “Phone-Plus” strategy. According to Xiaomi India’s Chief Marketing Officer, Anuj Sharma, “We have finalized the …
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June
Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.
India’s GDP growth may rebound to 5 pc in FY22, says Subbarao
"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.
Govt to discontinue 7.75% saving bonds from May 28
The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus
Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul
Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20
Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.
Business will be the loser in the US-China fight
Both nations are indispensable, so companies face a two-track world
Tourism business reopens cautiously in Jefferson County
The Chamber of Commerce promotes safer steps for tourism businesses reopening by encouraging the Tennessee Pledge.
Informa Teams With NuOrder to Digitalize Trade Show Experience
The trade show operator and e-commerce platform will work to bring brands and retailers together.
Concept of Transferrable College Credits
Education News: Isha is a bright student in first year B.Sc. at the Dehradun University. Her father is in a bank and gets transferred to Mumbai. Isha wants to reloca
Stormont should ask Government for Brexit extension, says Mallon
The Infrastructure minister said the last thing Northern Ireland needed was a ‘cliff edge’ departure from the transition arrangements.
Ford made its police SUV heat itself up to more than 133 degrees to kill the coronavirus
Ford worked with Ohio State and police departments to develop the tech. Ford has a longstanding relationship with law enforcement.
USD/CAD extends rebound, trades above 1.3800 on oil selloff
The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Dollar treads water against euro; yuan sinks on US-China tensions
NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...
Halfords' Telford store reopens as 'retail lite' operation
Halfords has already reopened its Telford store, with some drastic changes.
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies
Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive
CMS parents question new, earlier start date of school
Parents voiced frustration on the CMS Facebook page, concerned about their planned vacations and the inconsistency of the new calendar. CMS would start school on 17 and then the next week they would be out of school doing remote learning.
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
Gold slips below $1700 mark, over 2-week low
Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina
Coronavirus in Ballarat: Parents confused over playgrounds reopening
People were spotted using the new outdoor gym equipment on Wednesday morning
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
GDP growth may rebound to 5% in FY22: Former RBI governor
The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency
These 5 'stay at home' stocks are getting pounded as the US economy reopens
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
Jousting knights plan tournament behind closed doors to raise funds
Les Amis d’Onno, based in the Borders, have seen all their summer events cancelled amid the pandemic.
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
Nepal delays discussion in Parliament to amend Constitution for updating map
The Constitution amendment proposal was to be tabled in Parliament on Tuesday but it could not be done after Oli said that he wanted to hold an all-party meeting to discuss the matter.
Vulnerable people shielding from coronavirus see incomes slide, charity warns
Citizens Advice research revealed 41% of people in the shielded group said they have lost at least 20% of their income since the outbreak began.
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
EU keeps defence fund alive with 8 billion euro proposal
BRUSSELS (Reuters) - The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.
2,700 PATH families to get financial assistance
Approximately 2,700 families on the government’s Programme of Advancement Through Health and Education (PATH) are to receive financial assistance as a part of the United Nations (UN) Secretary General’s COVID-19 Multi Partners' Trust Fund (MPTF).
Businessman Begs DP Ruto to Repay Ksh1.4M Unpaid Bill [VIDEO]
He disclosed that he supplied marine boards and wood to the DP's hotel but had not been paid since...
First Majestic Silver Is A Great Bet On Higher Silver Prices
If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati
Tesla cuts prices by as much as 6% in North America to boost demand
Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.
Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair
Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.
ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript
ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said
Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.
US used car dealer charged with inflating price of N95 face masks
NEW YORK: A New Jersey used car dealer was criminally charged on Tuesday (May 26) with exploiting the coronavirus pandemic by trying to defraud ...
Which cities could benefit most from the government’s new EV rapid charging fund?
New research suggests some cities have more than 200 EVs per public charge point.
France banned the use of hydroxychloroquine for treating the coronavirus a week after Trump said he was taking the drug
France reversed a March order that allowed the drug hydroxychloroquine to be used as a potential treatment for COVID-19.
2020 budget: NASS suspends holiday to consider revised appropriation bill
The National Assembly, the legislative arm of the country, has put its holiday on hold in order to reconvene and consider the 2020 revised budget on Thursday.
Will launch statewide agitation if curbs on paddy cultivation stay: Former Haryana CM Bhupinder Singh Hooda
Hooda's warning has come a day after Haryana Chief Minister M L Khattar defended the recently launched Mera Pani, Meri Virasat scheme, aimed at crop diversification.
International students are torn on whether to study in Britain as universities contemplate virtual classrooms
Much like every other industry, the coronavirus pandemic has thrown uncertainty into the air for Britain’s universities. Students living both in the UK and abroad have raised questions about the viability of travel and study when Britain eventually returns from lockdown.
Experts calls for creative approaches to boost child learning during pandemics
Education experts have urged the government to further fund research institutes to come up with innovative approaches to increasing child learning during pandemics. She said although schools have come up with technology applications such as zoon, Google classrooms, among others, for those who do not have access technology, there is need to come up with […]
Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript
Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting
FFC urges govt to reconsider its fiscal consolidation stance
Finance Minister Tito Mboweni had so far held the line on fiscal consolidation – a policy aimed at reducing the budget deficit and government’s soaring debt-service costs.
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
Golden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2020 Results - Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2020 Earnings Conference Call May 27, 2020 09:00 AM ET Company Participants Ulrik Andersen - CEO Per Heiberg - CFO T
Gold Price Forecast: New Trend Lower is Forming
Gold prices are have fallen for three days in succession now and mid-week trade sees the precious metal lower at $1708. Analyst and technical forecaster Richard Perry of Hantec Markets says there is a risk gold shifts into a near-term downtrend
Cong to launch 'SpeakUp' campaign to raise voice of poor, migrants, small businesses
The Congress will launch a 'SpeakUp' campaign on May 28 to help raise the voice of the poor, migrants, small businesses and the middle class people before the central government.
Global stocks mixed on unease over Hong Kong security law
Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
Egyptian government prepares new economic stimulus package
CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism
Tencent seeks US$6 billion in bond sale as protests hit Hong Kong
Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...
Why good credit matters — even if you don’t plan to borrow
Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it.
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
The 20 car models with the most 2019 surplus inventory still left over unsold, Business Insider - Business Insider Singapore
Business Insider - The Dodge Grand Caravan tops the list of the most-unsold car with 66.3% of its inventory still in stock.. Read more at businessinsider.sg
Wall Street rises with economic hopes; bank stocks jump
NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...
Coronavirus pandemic | 30,000 weddings cancelled in Gujarat amid COVID-19
March and April are considered the peak season, when maximum number of weddings take place in the state, Hotel and Restaurant Association (Gujarat) spokesperson Abhijit Deshmukh said.
Ola Electric buys Dutch scooter company Etergo valued at $92 million
Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.
Farmers benefit from e-learning despite lackluster internet access
The Environment and Forestry Ministry is hosting an online farming program for farmers affected by COVID-19 pandemic.
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
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury
Cambuslang hairdresser on why safety has to come first before resuming her business
Barbara Fraser fears her business could take a serious hit even after lockdown is eased
Gold prices hit 2-week low on reopening optimism
US gold futures were down 0.5 per cent to $1,697.60.
Stormont should ask Government for Brexit extension, says Mallon
The Infrastructure minister said the last thing Northern Ireland needed was a ‘cliff edge’ departure from the transition arrangements.
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million
The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight
7 Big Little Lies Of The Modi Government’s Coronavirus Economic Relief
HuffPost India spoke to experts and read the fine print to find the Modi government has failed to put its money where its mouth is.
Coronavirus update: Air India staff on board Delhi-Ludhiana flight tests positive
According to the District Public Relations Office, the man arrived on May 25 by a domestic flight at the Sahnewal Airport. However, test results of 10 of his co-passengers have come negative
Government negotiating to cut National Broadband Plan rollout from seven to five years
The government has asked the National Broadband Plan firm to shorten the rollout period from seven to five years.
Paytm allows Vodafone Idea feature phone users to recharge using UPI
Paytm said it has partnered Vodafone Idea and National Payments Corporation of India (NPCI) to allow feature phone users to recharge their numbers using UPI.
National Creative Industry Policy must be improved, says minister Saifuddin Abdullah
KUALA LUMPUR, May 27 ― The National Creative Industry Policy (DIKN) must be re-assessed and improved to spearhead the growth of the national creative industry, said Communications and Multimedia Minister Datuk Saifuddin Abdullah. At the same time, he said, an audit must be conducted of the...
India must plan implementation of COVID-19 vaccine when it comes: Ashish Jha tells Rahul Gandhi
India must have a plan for implementing it as it needs 50 to 60 crore vaccines, said Jha.
Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You
The stock market posted another round of gains.
The coronavirus has killed more than 100,000 Americans in just over 4 months, Business Insider - Business Insider Singapore
Business Insider - More than 83% of those deaths could have been avoided if the US had locked down two weeks earlier, some research suggests.. Read more at businessinsider.sg
A family-run circus has been stranded for 2 months in a Spanish town because of the coronavirus lockdown, Business Insider - Business Insider Singapore
Business Insider - Performers with the Raluy Legacy Circus have begun livestreaming their act for free and using their costuming skills to make face masks.. Read more at businessinsider.sg
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
3 Gold Stocks to Buy on the Dip
Profit taking is knocking gold stocks off their perch, but the weakness is temporary. Here's how to buy-the-dip for high probability profits.
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
Scott Disick and Sofia Richie have reportedly broken up after 3 years of dating
Scott Disick, 37, and Sofia Richie, 21, have reportedly ended their three-year relationship, E! News and Us Weekly confirmed on Wednesday.
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
Govt steps up locust control operations; drones to be deployed soon
The government has placed an order for buying 60 spraying machines from UK-based company Micron, and two firms have been finalised for supply of drones for aerial spraying of insecticides for effective control over tall trees and inaccessible areas, it added.
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
A pharmacist known as ‘the Mask Man’ has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers
A New York pharmacist known as “the Mask Man” hoarded $200,000 worth of N95 masks that he purchased shortly before the coronavirus pandemic hit the United States, and sold them at a roughly 50% markup, prosecutors alleged.
ByteDance Hit $3 Billion in Net Profit Last Year
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
Terrace House Cuts Current Season Following Hana Kimura's Death, Possibly Canceled
Terrace House has ended work on its current season following the tragic death of Hana Kimura who [...]
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.
Police hunt man who exposed himself to woman in rural Stockport
The man was about 50 and was wearing striped clothing
Period poverty getting worse under lockdown, charity says
Plan International UK said the Covid-19 crisis has made it harder for girls and women to manage their periods safely.
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.
Billie Eilish’s Brother Finneas O’Connell Has NO PLANS Of Getting Engaged To Claudia Sulewski Despite Buying A House Together
Billie Eilish's brother and producer Finneas O’Connell has been in a relationship with Claudia Sulewski for two years. Both of them have been going strong and they even got a house together recent
A Much Higher Gold Price Is No Flight of Fancy
Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.
Tata Power plans to add 700 MW in renewable energy
Enhances renewables portfolio by 7% to 3,833 MW
Huawei FreeBuds 3i strike the right notes
Tech Tools: The new earbuds solve a key problem with the previous version
Samsung Money is a debit card tied to Samsung Pay
Samsung has introduced a debit card, Money, that's tightly linked to Samsung Pay.
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL
The decision, if it is formalised, owing to the COVID-19 pandemic will give members a chance to chalk out their bilateral blue-print in the coming months.
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie
An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.
Airline debt could rise to US$550 billion by year-end: IATA
IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Everything we know about Ben Affleck and Ana de Armas' relationship, Business Insider - Business Insider Singapore
Business Insider - The couple hit it off while playing a married couple in the movie "Deep Water," which was filmed in New Orleans, Louisiana.. Read more at businessinsider.sg
Amazon in talks to buy driverless-technology startup Zoox
Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.
Sony Xperia 1 II, company's priciest flagship, finally gets release date
The Xperia 1 II comes with four cameras at the back and support for wireless charging, as well.
Former The Apprentice star's adverts banned after implying product cures Covid-19
Revival Shots founded by Daniel Elahi had three adverts banned on Facebook and Instagram.
Apple Buys Machine-Learning Startup to Improve Data Used in Siri
Apple Inc. bought machine-learning startup Inductiv Inc., adding to more than a dozen AI-related acquisitions by the technology giant in the past few years.
China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript
Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max
AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
Price Chopper: Tesla Sinks Stickers As U.S. Factory Comes Back Online
Hoping to reduce the coronavirus pandemic's strain on its balance sheet, Tesla slashed prices on three of its four models on Wednesday.
SmartRent raises $60 million to manage connected buildings
SmartRent, which furnishes apartment units with smart home devices and access control systems, has raised a $60 million round.
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
Virus sparks record drop in energy investment: IEA
All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said
Japan eyes fresh US$1.1t stimulus to combat pandemic pain
TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...
7 red flags to be on the lookout for when restaurants reopen, Business Insider - Business Insider Singapore
Business Insider - Red flags include poor ventilation, waiters not wearing masks, and restaurants not allowing customers to make reservations.. Read more at businessinsider.sg
Vulnerable people shielding from coronavirus see incomes slide, charity warns
Citizens Advice research revealed 41% of people in the shielded group said they have lost at least 20% of their income since the outbreak began.
USD/ZAR Price Analysis: Off two-month lows, Bullish RSI divergence on 4H
USD/ZAR pair is sidelined near 17.40 at press time, having hit a low of 17.32 on Tuesday. That was the lowest level since March 27. The pair could see
Ofankor murder: People were only interested in photos of the dead while I shouted for help – Friend claims
Friend of deceased tenant, Spark Benajmine, says people who witnessed the aftermath of the shooting resorted to taking pictures rather than helping take the body to the hospital.
FSMA: Belgians Traded 5 Times More BEL 20 Shares amid COVID-19
According to the Financial Services and Markets Authority (FSMA), a Belgian regulator, investors traded BEL 20 shares up to five times more.
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy
Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.
Centre asks states, UTs to negotiate with private labs, bring down test price
Incidentally, 182 private labs in the country make up 29 per cent of the total testing infrastructure. There are 428 government laboratories where Covid testing is currently taking place.
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent
New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
Most Minnesota law enforcement agencies ban the neck-pinning maneuver used against George Floyd — but it's still allowed in Minneapolis, Business Insider - Business Insider Singapore
Business Insider - George Floyd, a 46-year-old black man, died on Monday after being subdued for eight minutes by an officer who was seen on video kneeling on his neck.. Read more at businessinsider.sg
Locust attack may benefit these stocks as agrochemicals usage shoots up; check target prices
Large swarms of locusts were seen across the states of Rajasthan, Madhya Pradesh, and parts of Maharashtra in the past few days, prompting fear of how bad the agriculture could be hit by such pest attacks.
US Treasury pressure leads to new probe of African Development Bank chief
Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.
David Jones speeds up store closures after massive profit plunge
David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.
Startling Figures Reveal Extent Of Government Support For Beleaguered Economy
Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy
WHO Creates Foundation to Boost Funding in Coronavirus Fight
Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus. (Reuters) WHO Director-General Tedros Adhanom Ghebreyesus denied the move … WHO Creates Foundation to Boost Funding in Coronavirus Fight Read More »
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
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.
UK ‘firm’ against extension of Brexit transition period, says chief negotiator
David Frost insisted that Britain is taking the stance to avoid more ‘significant’ payments to the EU.
3 Stocks to Buy After You Take Profits on Wayfair Stock
Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks.
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
Twitter adds fact-check warning label to Trump’s tweets for first time
Twitter Inc. marked tweets by President Donald Trump with a fact-check warning label for the first time Tuesday, after the president falsely claimed mail-in...
All 8 ‘Harry Potter’ movies are available to stream exclusively on HBO Max, but can still air on NBCUniversal TV networks
All eight “Harry Potter” movies are available to stream on WarnerMedia’s Netflix competitor, HBO Max, which launched on Wednesday.
As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses, Business Insider - Business Insider Singapore
Business Insider - Google will start letting restaurants specify a preferred online ordering method in Google Maps listings as eateries grapple with delivery app fees.. Read more at businessinsider.sg
Meet Doug Hurley and Bob Behnken, 2 'badass' astronauts, engineers, and dads who are poised to make history for SpaceX, NASA and the world, Business Insider - Business Insider Singapore
Business Insider - SpaceX's first mission with people will be piloted by NASA astronauts Bob Behnken and Doug "Chunky" Hurley aboard the company's Crew Dragon spaceship.. Read more at businessinsider.sg
Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
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
Elon Musk: Space entrepreneur’s race to Mars
Where did Musk’s obsession with Mars come from and how are current plans progressing?
Air corridors can kickstart post-virus tourism – U.N. agency
The World Tourism Organization proposes that tourists be allowed to travel between countries at low risk of coronavirus contagion
Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
A tropical storm may scrub SpaceX's history-making rocket launch of 2 astronauts on Wednesday, Business Insider - Business Insider Singapore
Business Insider - Elon Musk's rocket company is close to making history for itself and NASA, but weather forecasters gave the planned launch attempt a 50-50 chance.. Read more at businessinsider.sg
Bengaluru's civic woes may worsen as projects held up due to fund, labour crunch
The city’s civic body has said it was looking to complete projects where work has begun and may not be able to start new ones listed in its ₹10,895.84 crore budget for this year
Singapore warns of worst economic contraction since independence
Singapore warns of worst economic contraction since independence
81% of parents wouldn't travel for emergency childcare in lockdown, survey finds
Almost a quarter of parents surveyed found themselves in the same situation as Dominic Cummings - but had chosen to stay at home.
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.
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 ...
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
Funding Cut For Kaikoura Council’s Survival Project
The government has turned off the funding tap for Kaikoura District Council's financial sustainability project.
Genobank: Looking to Remake the DNA Kit Market
Genobank is looking to raise capital from the crowdfunding site Republic. They are developing a privacy-first DNA kit based on blockchain.
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
Boeing’s India operations to be largest outside US
India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component
Memrise is an ideal tool for picking up casual conversational skills in 23 languages — right now you can get a premium subscription for 50% off
For those who find themselves with time to fill during a lockdown, learning a foreign language is a top aspirational activity, along with mastering sourdough starters and cultivating an herb garden.
All 8 'Harry Potter' movies are available to stream exclusively on HBO Max, but can still air on NBCUniversal TV networks, Business Insider - Business Insider Singapore
Business Insider - NBCUniversal had previously owned the digital rights to the "Harry Potter" movies until 2025, but they are now available on WarnerMedia's HBO Max.. Read more at businessinsider.sg
Instagram adds ways for online video stars to earn money
Facebook Inc's Instagram app on Wednesday rolled out new tools enabling people to make money off the videos they post, as it competes for creative ...
Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript
Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation
Singapore firm offers to acquire P7.3-b stake in First Gen
Valorous Asia Holdings Pte. Ltd. of Singapore offered to acquire up to 9 percent of outstanding common shares of First Gen Corp. for P7.286 billion.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately
Fed catalogues devastation wrought by pandemic on U.S. economy
The coronavirus deeply damaged the U.S. economy in recent weeks, with “steep” job losses and business closures, a new Federal Reserve report said.
Working from home will kill CBDs. And that’s a good thing
Robert Gottliebsen has warned that the shift to working from home (WFH) could suck the life out of Australia’s CBDs.
China to loosen flight restrictions after outcry from stranded citizens
Starting June 2020, the number of permitted flights in China will nearly triple to 407 per week
Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis
"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard
Tesla to cut car prices in North America, China
BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
25,937 confirmed coronavirus cases in South Africa as deaths rise to 552
Health minister Dr Zweli Mkhize has announced that there are now 25,937 confirmed cases of coronavirus in South Africa.
A plastic surgeon who has reopened his clinic says he will perform any operation — except lip fillers, Business Insider - Business Insider Singapore
Business Insider - Dr. Arash Moradzadeh told Insider all of his patients must wear masks for the entirety of their appointments, whether in his office or house calls.. Read more at businessinsider.sg
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
BT Buzz: What added Rs 86,000 crore to DRL, Sun Pharma market cap in 2 months?
Approval to explore new COVID-19 therapies, licensing and supply deals to manufacture drugs to treat the virus and fast approvals for plants under regulatory scanner have turned the fortunes of most of these companies
Wall Street set for higher open as recovery hopes outweigh Sino-UStensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
The Irish Times view on the economic outlook: Counting on a swift recovery
New reports from economic think tanks are valuable in trying to see through the fog of what lies ahead
Google faces antitrust case in India over payments app: Report
India Business News: The Competition Commission of India (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote it
Wonderla's net profit falls in Q4 to 1.56 crore
Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...
"Innovation Should Be Given a Boost Through Tax Incentives"
In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines
Justice Department clears 3 senators in stock sales investigation, but Burr's case appears ongoing
Investigations into Sens. Feinstein, Loeffler and Inhofe have been dropped. Sen. Richard Burr appears to still be under investigation.
EU proposes €750 billion coronavirus recovery fund
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.
A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.
Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure
India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp
Quarantined family returns to find house burgled
Items worth Rs 3 lakh allegedly stolen from their Ulhasnagar home
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
PH airlines ready to resume flights under ‘new normal’
Philippine carriers are ready to resume passenger commercial flights under the “new normal” as the Air Carriers Association of the Philippines renewed their call for government support.
Huge Washington state unemployment fraud a warning to other states amid coronavirus pandemic
Washington's race to help newly laid-off residents as the coronavirus pandemic ravaged the economy left it vulnerable to such scams, and last week officials hinted at the scope of the damage done: hundreds of millions of dollars paid out in fake claims.
University Of Nevada, Las Vegas Business School Answers The Humanitarian Call
In light of the tragedy of the coronavirus, humanitarians like Andre Carrier and Greg Lee, and the Lee family foundation, are bold enough to look for a way to end the pandemic.
Trump to sign executive order on social media on Thursday - White House
U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened ...
French political power couple lose appeal against money-laundering conviction
The Paris Court of Appeal on Wednesday found veteran right-wing politicians Patrick and Isabelle Balkany guilty of money-laundering and sentenced them both to jail, sealing the power couple’s fall fr…
'Normal People' star Daisy Edgar-Jones opened about up her anxiety and hypochondria, Business Insider - Business Insider Singapore
Business Insider - The "Normal People" star said her anxieties sometimes manifest as worries about her health, but she's learned to control it.. Read more at businessinsider.sg
WTI slips below $32.00 after huge API build joined trade/political tension
WTI fails to carry the pullback from $32.00 while taking a U-turn from $32.50 to currently around $32.30 amid the initial Asian session on Thursday. W
Ires defends 40% fee hike for its chairman
Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019
Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump
Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
Facebook reportedly had evidence that its algorithms were dividing people, but top executives killed or weakened proposed solutions
Despite internal research finding that Facebook's platform encouraged polarization, Mark Zuckerberg and other execs nixed proposals to fix things.
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
The 2 astronauts flying SpaceX's new Crew Dragon spaceship explain what it's like to operate it
The SpaceX Crew Dragon spacecraft is set to blast off from Cape Canaveral, Florida, on Wednesday at 4:33 p.m.
Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2
The contraction in the Q1 FY21 GDP may be as high as 40 per cent.
Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know
Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.
Switzerland launched the world's first app based on Google and Apple's contact-tracing tech
Google and Apple released their "exposure notification" API in May, and said 22 health authorities around the world have asked permission to use it.
Your friend in distress could be an e-fraudster
India Business News: Although economic activity has come to a near standstill due to the lockdown, there is no let-up in online crime. Fraudsters have managed to steal fro
Government Investment Supports The Acquisition Of New Interislander Ferries
State-Owned Enterprises Minister Winston Peters has welcomed KiwiRail’s announcement that it is seeking a preferred shipyard to build two new rail-enabled ferries for the Cook Strait crossing.
Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
A tropical storm may scrub SpaceX’s history-making rocket launch of 2 astronauts on Wednesday
SpaceX is on the cusp of making spaceflight history for both itself and NASA – that is, if the weather cooperates.
Report: Emergency UN/WHO Funding For Palestinians Ends Up With Terrorist Group
Through the tangled web of bureaucracy, money for health emergencies is funding terrorist activities and anti-Israel propaganda.
EU Has Bigger Problems to Worry About Than Gridlock Over Brexit
(Bloomberg) — When Boris Johnson boasted last year he’d got “Brexit done,” weary European governments were only too happy to go along with it.
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
Private Labs, Take Note! ICMR Says Price Cap of Rs 4,500 For COVID-19 Test Not Applicable, States/UTs Advised to Negotiate
The ICMR has also asked states and Union Territories (UTs) to negotiate with private labs to fix "mutually agreeable" rates for the test.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
BCCI confident ICC won't commit harakiri by taking away 2021 T20 World Cup
The BCCI was needed to throw light on the tax exemption issue 18 months before the 2021 T20 World Cup which meant the deadline was April
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
Coronavirus pushes global credit rating downgrade threat to record high
LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.
Export of Irish beef to China temporarily suspended
The Department of Agriculture has confirmed that the export of Irish beef to China has been suspended temporarily after a 14-year-old cow tested positive for 'Atypical BSE'.
Stocks rally on EU stimulus plan, euro gains
NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
Trump to sign executive order on social media on Thursday: White House
U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened ...
Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21
CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view
Google wants to kickstart Project Soli interest with a new Soli Sandbox app
Google launched the Pixel 4 with Project Soli, which theoretically opened up the door to a lot of interesting apps and uses. Google debuted Motion Sense to
Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)
Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]
UK PM Johnson to go to Brussels next month for Brexit talks: The Times
(Reuters) - British Prime Minister Boris Johnson will resume Brexit talks in Brussels next month, the Times newspaper reported on Thursday.
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines
As frontline heroes in the fight against the coronavirus, healthcare workers like doctors and nurses often sacrifice their own physical and mental well-being in order to take care of others.
Group of 20 finance projects give $77 billion a year to fossil fuels
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
Reopening optimism fuels stock market surge
Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.
Dudu Myeni was prepared to cause ‘untold harm to SAA and the SA economy’
Parsing a word cloud from the judgment handed down in the North Gauteng High Court declaring Dudu Myeni a delinquent director for life, paints a devastating portrait of the former SAA board chair and friend of Jacob Zuma’s character and mien.
Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets
N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US
Nissan and Renault unveil steps to cut costs and revamp alliance
Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor
Realme’s first Smart TV is an affordable Android TV, priced from RM750
We’ve already seen mobile device makers branching out to Smart TVs before—a notable example that springs to mind is OnePlus‘ interesting Smart TV that comes with motorised components. Now, affordable smartphone specialists, Realme has announced its first Smart TV model.
The man who filmed his encounter with a woman in Central Park says her actions were ‘definitely racist,’ but he’s asking people to stop making death threats against her
Christian Cooper, who filmed a video of a white woman calling the police on him in New York’s Central Park over Memorial Day Weekend, told CNN that her actions were “definitely racist,” but he wants people to stop making death threats against her.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.
Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go
Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore
Business Insider - A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.. Read more at businessinsider.sg
The going will get tougher for the Indian automobile sector; here's why
In the long run, more solid reforms might be needed to help auto sector be able to walk without the crutches that government might be able to give it.
The spread of America's self-inflicted debt crisis
The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.
Lufthansa board rejects EU conditions on US$10 bln bailout
German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...
U.S. weighs options 'across the spectrum' to punish China over Hong Kong
WASHINGTON — The Trump administration is crafting a range of options to punish China over its tightening grip on Hong Kong, including targeted sanctions, new tariffs and further restrictions on Chinese companies, according to U.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Browns owner Jimmy Haslam reportedly could be heard saying Jerry Jones should be on ‘permanent mute’ after the Cowboys owner forgot to unmute on an NFL zoom call
A light-hearted moment unfolded on a video conference call with NFL owners recently when Dallas Cowboys owner Jerry Jones may have struggled with the “mute” button.
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
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.
20 Lawyers Claim "Apparent Indifference" By Supreme Court To Migrant Crisis
A day before the Supreme Court took suo motu cognisance of the "unfortunate and miserable" plight of migrant labourers, twenty prominent lawyers from Delhi and Mumbai had written a critical letter to Chief Justice of India (CJI) SA Bobde and other judges saying the top court's "apparent indifference" to the humanitarian crisis.
Glanbia announces biodiversity payment to suppliers
Glanbia Ireland has announced a 0.20c/L payment to boost biodiversity on dairy farms.
The average savings account interest rate is less than 1%, but it's not hard to earn more on your money
The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
GBP/JPY Price Analysis: The pound fails at 133.00 again
Sterling’s rally from 130.65 lows last week has been unable to extend beyond the 133.00 level, for the fourth time so far this month, and the pair has
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Dorian LPG Ltd. (LPG) CEO John Hadjipateras on Q4 2020 Results - Earnings Call Transcript
Dorian LPG Ltd. (NYSE:LPG) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras
Google Maps Is Getting New Online Services Features For Businesses
Google is reportedly rolling out a new set of features for businesses in Maps intended to showcase online-specific services. The company intends the new
Autonomous car company Aurora increases hiring amid industry struggles
Autonomous vehicle startup Aurora committed to hiring employees as it welcomes new executive hires and interns and crosses the 500-employee mark.
Boris says advice for parents with coronavirus has not changed
The prime minister was questioned by Yvette Cooper MP.
ESRI warns against austerity measures in short-term as economy heals from the pandemic
The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
Boris Johnson is tumbling in the polls after ignoring voter demands to sack Cummings for breaking lockdown rules, Business Insider - Business Insider Singapore
Business Insider - Johnson is set for more intense scrutiny when he faces Parliament's most senior committee on Wednesday afternoon.. Read more at businessinsider.sg
Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled
Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char
Lorry deaths: 26 arrested in Europe human trafficking probe
Those detained are suspected of being part of a criminal organisation trafficking Vietnamese nationals through Belgium and France to the UK.
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
Bhopal: Market opens but no business on day 1, traders not happy with 11am- 5pm timing
The district administration has permitted opening of shops in phased manner from 11am to 5 pm
Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs
In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs
Kylian Mbappe has once again heaped praise on Liverpool FC and manager Jurgen Klopp, saying they make ‘winning look easy’
Kylian Mbappe has once again heaped praise on Liverpool FC and manager Jurgen Klopp, continuing his flirtation with the English Premier League club.
Research finds concerning drop in U.S. colorectal cancer screenings and surgeries
New diagnoses of one of the deadliest cancers fell by one-third in March and April as U.S. physicians and patients halted appointments and screenings during the COVID-19 outbreak.
From NCLT to upper circuit: The comeback of Alok Industries
The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
Govt to use five hubs to bring back Indians on Vande Bharat flights
Over 275 Indians stranded in Mexico, Peru, Portugal and Netherlands returned via Amsterdam in first such flight on Wednesday
GBP/USD: Off two-week top under 1.2400 amid US dollar pullback
GBP/USD steps back from two-week top to 1.2320, down 0.11% on a day, while heading into the London open on Wednesday.
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers
Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.
‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus
The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.
Samsung Launches Exynos 880 SoC For The Mid-Range Smartphone Market
Samsung recently launched the Exynos 880 SoC, a mobile chipset the brand has designed for the mid-range market. More importantly, it's also a chipset that
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
7 'Harry Potter'-themed masks you can buy online, Business Insider - Business Insider Singapore
Business Insider - Some of the masks feature cartoon versions of "Harry Potter" characters, while others change color to reveal the Marauder's Map.. Read more at businessinsider.sg
Instagram Wants Its Influencers to Make More Money
The platform announced updates aimed at helping creators monetize their audience.
Republicans cast doubt on future of House bills passed by proxy
WASHINGTON (Reuters) - Republicans warned on Wednesday that legislation passed by the Democratic-controlled U.S. House of Representatives during the coronavirus pandemic may not become law if lawmakers are allowed to cast votes remotely under a new voting system.
Samsung Money is the company's Samsung Pay linked debit card
Samsung has provided more details about its Samsung Money debit card program for which it has partnered with SoFi and Mastercard. The debit card will be available in the U.S. from later this summer.
ASX to rise as Dow, S&P advance
Australian shares are set to open higher with the Dow retaking the 25,000 mark and the S&P 500 closing above 3000.
Moderately higher inflation in response to bigger debt levels – UBS
The world will emerge from COVID with considerably higher levels of debt while will be left structurally less global by the crisis, spurring on the de
Turkey looks to weather coronavirus crisis without IMF support
Erdogan resists taking assistance despite looming balance of payments crunch
Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21
The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March
Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain
Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.
Management One Taps Michael Alic for President Role
Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.
SpaceX’s launch of NASA astronauts was scrubbed and rescheduled for Saturday due to poor weather, just 17 minutes before liftoff
SpaceX was set to launch astronauts for the first time on Wednesday, thereby restoring NASA’s human spaceflight program. But then storm clouds rolled in.
The man who filmed his encounter with a woman in Central Park says her actions were 'definitely racist,' but he's asking people to stop making death threats against her, Business Insider - Business Insider Singapore
Business Insider - Christian Cooper told CNN that he thinks Amy Cooper's apology is sincere, and has asked people to stop making death threats toward her.. Read more at businessinsider.sg
HBO Max's content boss explains its DC originals strategy, from J.J. Abrams' Justice League Dark series to the Snyder Cut, Business Insider - Business Insider Singapore
Business Insider - HBO Max will include plenty of DC content, including big-budget originals and the "Justice League" Snyder Cut.. Read more at businessinsider.sg
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
Robin Thicke Returns With New Lovestruck Single "Forever Mine"
Robin Thicke just dropped his new single, 'Forever Mine,' the final track he worked on with the late Andre Harrell before his untimely death. Robin Thicke returns with his first single of the year in the form of the shamelessly romantic, 'Forever Mine.' It's been exactly eight months since Robin rel...
Passenger on Alliance Air's Delhi-Ludhiana flight tests Covid-19 positive
According to the spokesperson, there were 36 passengers and five crew members in the flight.
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
House casts proxy votes in pandemic, Republicans have doubts
WASHINGTON (AP) — It was a day for the history books on Capitol Hill: For the first time, House lawmakers voted by proxy, an unprecedented move to avoid the risks...
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
The real threat to Facebook and Twitter isn't a pandemic or a president
This week in Trending, we look at the latest round of problems involving social media companies as well as the debate over the Silicon Valley exodus.
Amtrak set to cut up to 20% of workforce by October
Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
Using the cloud ensures business continuity in crisis
Business leaders dedicate the bulk of their time to strategizing for growth and longevity by equipping their organizations with the data and technology required to get things done smarter and faster. However, as is often the case, one small crisis like a security breach or a natural disaster can significantly compromise your business data and disrupt business continuity. To
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
UP eyeing post-covid investment from US, Japan, Korea: Industry minister
Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
All three Detroit automakers have had workers test positive for COVID-19 since plants reopened
The U.S. auto industry reopened many plants last week after a two-month shutdown due to the global pandemic
Intensify seizure of assets of corrupt officials – Anti-corruption campaigners urge courts
Two anti-corruption experts have said the recent order by an Accra High Court for the seizure of assets of persons convicted in the National Communications Authority (NCA) case is a good anti-corruption measure.
Coronavirus tourism lockdowns hit Hawaii’s vacation rental industry hard in April | Honolulu Star-Advertiser
Vacation rental accommodations, even the legal ones, were economically decimated in April amid COVID-19 fears and tourism lockdowns.
Instagram Adds More Monetization Methods for Creators
Instagram will test Badges, a feature allowing creators to monetize live videos, as well as IGTV video ads.
America to face the hardest job losses due to pandemic, ILO says
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organisation (ILO) said on Wednesday.
Study links increased urbanisation with heavy rainfall in southern cities
Increased urbanisation is possibly causing heavy rainfall events in the cities of Tamil Nadu, Telangana and Kerala over the past few years, according to a study conducted by a team of researchers from
Google Ads credits for SMBs start rolling out
The $340 million program will phase in over the coming weeks.
Gold Stocks Are a Safe Haven From the Upcoming Recession
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
Wall Street opens higher on recovery optimism
The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
China is set to pass a draconian new law in Hong Kong that would effectively stifle all dissent. Here's what could happen to people in the city.
China wants to pass a new security law that could further punish protesters and intensify Chinese actions like tracking, torture, and detainment.
'I have not killed any Tutsis': Alleged financier of Rwandan genocide denies involvement after decades on the run
The accused financier of the genocide of 800,000 men, women, and children denied he was responsible after being captured this month in France.
European stocks surge on expectation of EU recovery package
US equity futures advance ahead of opening
United Airlines reshuffles management as it prepares for uncertain recovery
NEW YORK, May 28 — United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees yesterday, as restrictions to keep the coronavirus from spreading are lifted. With...
Weather scrubs SpaceX commercial crew launch
The first human orbital spaceflight from the United States in nearly nine years came within 17 minutes of launch May 27 before weather postponed liftoff.
TUC fights Trade Fair Company over ‘illegal’ mass layoffs
Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company.
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore
Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg
The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.
We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.
France promises €8bn to bail out struggling car industry
French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
Matawalle urges parents to educate children
Governor .Bello Mohammed Matawalle of Zamfara state has urged parents and guardians in the state to use available resources and
Business, unions decide reform is too hard
Big news: nothing will happen! At New Daily:
Tesla price target raised over Fremont’s reopening, strong Model 3 demand in China
Tesla (NASDAQ: TSLA) received a higher price target from Dan Ives of Wedbush Securities on Wednesday morning, with the analyst putting his estimates at $800 a share. His previous mark was roughly a third less than his updated price target. Ives’ increase in the price target for TSLA stock is based on his opinion that […]
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Airbnb where Matt Damon isolated available again for renting
THE luxury property outside Dublin where Matt Damon isolated during the coronavirus lockdown is going back on the rental market for the first time since the Hollywood A-lister's stay.
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds
Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.
Greek PM and seven other country leaders discuss efforts to restart the economy
Prime Minister Kyriakos Mitsotakis on Wednesday took part in the third video conference between the leaders of countries that addressed the first wave of the
Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss
LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...
Buhari approves funding for first phase of Siemens power deal
President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds
A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.
Landlords, renters have their plans frozen by pandemic
Some Ontario home buyers and sellers are discovering renters have incredible leverage over the fate of transactions, and some are willing to wield it
Stringent lockdown further reduced GDP forecast: Fitch
IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
City projects under budget
Over the last 20 or so months, the City of Kamloops has worked millions of dollars worth of projects, the majority of which came in below budget.
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
Kent RO withdraws ad, apologises for depicting helps as Covid-19 carriers
The ad, featuring Hema Malini and her daughter Esha Deol as campaigners, drew heavy criticism on social media
Government may get RBI to monetise deficit
India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio
Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Credit risk funds are still relevant, says Mahendra Jajoo, CIO – debt, Mirae Asset
Many investors are having second thoughts about their investments in debt mutual funds. Most advisors are asking investors to stay away from most debt mutual fund categories, expect for overnight and liquid funds.
Samsung Money debit card to launch this summer
The company teamed up with Mastercard and SoFi.
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
Lockdown Impact: As states lose revenue, here's why they turn to alcohol
Indian states have been wanting to lift ban on the sale of liquor since the implementation of lockdown in the country. The state governments have been running out of money to sustain their fight against novel coronavirus.
A particular opportunity in Chinese stocks – UBS
Economists at UBS forecast a U-shaped recovery and expect Chinese equities to outperform developed markets. Key quotes “In our central scenario, we se
Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)
Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]
The inescapable truths investors face now
Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.
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
China is set to pass a draconian new law in Hong Kong that would effectively stifle all dissent. Here's what could happen to people in the city., Business Insider - Business Insider Singapore
Business Insider - China wants to pass a new security law that could further punish protesters and intensify Chinese actions like tracking, torture, and detainment.. Read more at businessinsider.sg
EU proposes $825-billion coronavirus recovery fund
The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling
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
Wall Street gains with economic hopes; bank stocks jump
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
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.
EUR/USD: A convincing recovery plan is positive for the euro – Nordea
The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together a
Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today
NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Trump and Andrew Cuomo discuss plans to 'supercharge' economy with infrastructure
President Trump and New York Gov. Andrew Cuomo plan to send a bipartisan "supercharge" into the U.S. economy.
Maharashtra: Nashik farmers unable to sell onions at fair prices
Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said
The Switch Version Of Shantae And The Seven Sirens Has Been Delayed In Europe
June is the new May
Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700
Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
Govt may launch coal blocks auction process under commercial mining on June 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property
Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
Glenmark gets USFDA nod to market generic drug for muscle pain
Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.
Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over
The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".
Ryanair calls on State to end ‘ineffective’ quarantine for overseas travellers
O’Leary says Republic should follow other EU countries and lift restriction from July 1st
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
This assumes significance because NTPC is primarily power generation company.
Filing annual returns: LIRS extends deadline to June 30
Lagos State Internal Revenue Service, LIRS, has extended the deadline for filing of Annual Tax Returns to June 30 due to Coronavirus pandemic
Future-Proof Your KYB, KYC And Risk In One API
Data aggregation with automation has been the next big milestone the risk industry has been trying to reach.
‘AGT’ Recap: An Inspiring Homeless Choir Gets Terry Crews’ Golden Buzzer In The Season 15 Premiere
Voices of Our City Choir receives Terry Crews' Golden Buzzer during the 'AGT' season 15 premiere.
SPDR Portfolio S&P 500 Growth ETF's Exposure To Technology Stocks Is Advantageous
SPYG invests in large-cap growth stocks in the S&P 500 Index. The fund’s relatively lower exposure to cyclical sectors is advantageous as the impact of COVID-19
Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure
NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »
Stocks rally on EU stimulus plan, euro gains
NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...
Rapid coronavirus test closer to market thanks to industry partnership
The portable testing device can carry out six highly accurate tests every 30 minutes, and quickly determine if someone has Covid-19.
IOI Corp’s Q3 profit hit by foreign currency translation loss
KUALA LUMPUR, May 27 — IOI Corporation Bhd’s net profit fell to RM100,000 for the third quarter (Q3) ended March 31, 2020, from RM248.5 million in the same period last year due to a large net translation loss on foreign currency-denominated borrowings. However, revenue was higher at RM2.03...
Pure Gold Mining: A Look At The Valuation After This Advance
Pure Gold Mining is one of the top-performing gold juniors with a more than 50% return year to date. The company is more than fully-funded to complete construct
Market movers: Stocks that saw action on Wednesday - and why
Royal Bank of Canada and Bank of Montreal both rise in early trading after releasing disappointing quarterly results
The Moto G Power is 25% the price of $1,000 smartphones, and it does 95% of the things you want
The Moto G Power does everything anyone would ever want in a smartphone except play power-hungry games, and it has incredible battery life.
Torstar’s family trust sells near market bottom
After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million
Larry Kramer, who pushed the world to respond to the AIDS epidemic in the 1980s, has died of pneumonia at 84, Business Insider - Business Insider Singapore
Business Insider - Galvanized by the AIDS epidemic that swept the United States in the 1980s, Kramer founded the Gay Men's Health Crisis and ACT UP.. Read more at businessinsider.sg
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
Former Hearts and Ayr United playmaker returns for another spell at Troon
Ryan Stevenson rejoins Seasiders after a short stint at Stranraer.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
Tesla Cutting Car Prices to Spur Demand
The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.
Tshinga Dube calls for GNU to rescue economy
FORMER War Veterans minister Tshinga Dube is known for his straight talk and fearless character. A long-time serving Zanu-PF member and a liberation stalwart, T...
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
UK Refuses to See Fisheries as Bargaining Chip After EU Signals Concessions in Brexit Talk
The EU has indicated its willingness to ease its stance on fisheries in the Brexit talks and reach a compromise, Reuters reported on Tuesday, quoting sources within the...
Most Minnesota law enforcement agencies ban the neck-pinning maneuver used against George Floyd — but it’s still allowed in Minneapolis
The maneuver police used to restrain George Floyd before his death is no longer allowed in most Minnesota law-enforcement agencies, but in Minneapolis, it’s allowed as a “non-deadly force option” if officers are properly trained.
Minister donates May salary to secure release of five inmates
The Minister made the donation while felicitating with the inmates as part of activities to celebrate this year’s Eid el-Fitr.
Gold picks up as market sentiment sours
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are
Cities being “hung out to dry” on COVID-19 funding
What's the holdup? The issue has become “a jurisdictional hot potato" says the union representing Canada's municipal employees
Heatwave grips Capital, mercury touches 46O C
As heatwaves continued to persist, the national Capital on Tuesday recorded the maximum temperature at 46 degree Celsius, the highest for the month of May in 18 years. Delhi touched 46 degrees in May was in 2002. According to Dr Rajender Jenamani, MeT scientist, Delhi (Palam) reported
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
Good Works: Tencent and Universal Team Up on Charity PPE Distribution
In early April, several days after Tencent Holdings closed its deal to buy a 10 percent stake in Universal Music Group along with a consortium of investors, Tencent Chief Strategy Officer James Mitchell called Universal Executive Vice President of Communications Will Tanous with an idea.
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
Gold Price News and Forecast: XAU/USD at $1,700 again [Video]
With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again
A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.
A Lake of the Ozarks bar defended hosting a packed pool party, saying that social distancing isn’t the law and that it checked everyone’s temperature
The owner of a bar at Lake of the Ozarks has defended his decision to host a crowded pool party over the Memorial Day weekend, despite an intense social media backlash.
Buy Gladstone Capital For Its 11%+ Yield
GLAD has rebounded strongly off its lows but remains well below its prior highs. With the distribution having been cut already, the new payout looks safe. With
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...
EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund
Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."
These 4 Chinese Stocks Are Too Risky to Own
Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.
Post COVID-19: We're determined to pass local content bill to boost Nigeria's economy - Reps
The widely expected Nigerian Local Content Development and Enforcement Bill 2020, passed second reading on the floor of the House of Representatives recently.
Cash payments declining as contactless methods become the norm - experts
COVID-19 has accelerated the shift away from cash.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
Coronavirus Stock Market Bargains: Xerox Stock
Xerox stock has lost $4.5B of value in the recent selloff. Forward-looking estimates indicate that only $2.7B of value loss was warranted. XRX has poor price mo
Oman Air takes additional pandemic safety measures
Cabin crew will wear disposable full-body personal protective equipment (PPE) including mask, face shield and gloves over their uniforms…
Period poverty getting worse under lockdown, charity says
Plan International UK said the Covid-19 crisis has made it harder for girls and women to manage their periods safely.
Wholesaler Quality King sued by AG for alleged coronavirus price gouging
“Quality King’s profiteering during this time of crisis is appalling,” said Attorney General Letitia James. “Instead of ensuring New Yorkers could protect themselves from this virus and stop
The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic
Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
Memrise is an ideal tool for picking up casual conversational skills in 23 languages — right now you can get a premium subscription for 50% off, Business Insider - Business Insider Singapore
Business Insider - Memrise is especially helpful for its conversational approach to learning languages and its ability to tailor lessons to speakers of several native languages.. Read more at businessinsider.sg
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
Green Cabs in liquidation, jobs cut
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...
No End Term Exams For Current, Previous Semesters: KU
The Kashmir University will not conduct the end-term examinations for the current and previous semesters this year and would promote the students based on continuous internal assessment
‘Ugly Even for Him’: Trump’s Usual Allies Recoil at His Smear of MSNBC Host
The Wall Street Journal and Washington Examiner chastised the president as a top House Republican, Liz Cheney, urged him to “stop” his attacks on Joe Scarborough.
Two veterans with different wounds find single purpose: new documentary series
U.S. Army veteran Jose Martinez's injuries are visible, former U.S. Navy medic Joe Jackson's are not and they need each other. They're among a group of wounded warriors on the frontlines of a suicide crisis in the veteran community.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Revenue loss and labour top worries
India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.
A top trick for great content marketing
Content marketing is a powerful tool – and can be quick and simple to implement for your brand.
UIF compliance no longer a requirement for COVID-19 financial aid
Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.
Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss
The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
Ralph Lauren Remains on Offense in COVID-19 Crisis
The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.
Need for growing NDB into global development institution: FM Nirmala Sitharaman
She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely
Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.
The Trump Administration’s War on Huawei Could Hurt These 3 Stocks
TSMC and two other tech giants could become collateral damage in the tech war.
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
Three European air forces approve performance benchmarks for next-gen fighter jet
The criteria will be used to whittle down the number of design options as the Future Combat Air System program proceeds through the next stages of development.
Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Stockholm-based Doktor.se nabs €45 million for its ‘digi-physical’ care
Today Swedish e-health startup Doktor.se, which offers digital consultations to patients through its smartphone app, announces that it has secured €45 million in a Series C round led by Carnegie and Handelsbanken. Many of Doktor.se's existing investors, as well as new investors, are participating in
Boeing resumes 737 MAX production at low rate
Boeing resumes 737 MAX production at low rate
13 YouTube channels to turn yourself from wagecuck to finance god
It seems budgeting, saving, and investing are all the rage nowadays, and that everyone’s joining the FIRE (Financial Independence Retire Early) movement. This is reflected by the increasing popularity of budgeting and trading apps, ETFs (exchange traded funds, baskets of stocks you can invest in to spread your risk), and business news sites. But who […]
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
The 4 Stimulus Bills Saving America From Its Biggest Depression Ever
The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.
Oil falls on U.S.-China tensions over Hong Kong
Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09
HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2020 Results - Earnings Call Transcript
HEICO Corporation (NYSE:HEI) Q2 2020 Earnings Conference Call May 27, 2020 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Of
Industries grapple with reverse migration of workforce, disrupted supply lines
When the civic body allowed small and medium scale industries in Pimpri-Chinchwad to reopen after almost two months, many enterprises realised that much of their workforce, comprising migrant labourers, had already returned home with little or no plans of returning early.
Huawei CFO Meng loses key court argument in fight against extradition to United States
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
103-year-old woman walks hill outside her care home to raise money for charity
Joan Willet, who lives at Old Hastings House in East Sussex, aims to walk 17 miles before her 104th birthday in July.
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package
Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.
Cabby jailed for posting fake COVID-19 'intel' on food outlet closures, urging panic buying
SINGAPORE: A taxi driver was jailed four months on Wednesday (May 27) for posting a fake message on Facebook about supposed food outlet closures ...
Staffing giants join forces to decode COVID-19 puzzle
Give a clarion call: ‘Help India Get Back to Work Safely’
Which? launches new way to report delays to your flight refund
A number of customers have been waiting weeks for a flight refund
UK Fintech SumUp Launches Payment Tools to Help Businesses Conduct Operations while Observing Social Distancing Measures Due to COVID-19
UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing meas
Punjab seeks Rs 51,102 crore fiscal stimulus from Centre to overcome economic crisis caused by COVID-19
The stimulus package demanded by the state includes Rs 21,500 crore direct stimulus, CCL debt waiver and 100% funding of Central schemes.
Air France to cut 40% of domestic flights after bailout
French government has made any bailout contingent on profitability improvements
Banning Trump from Twitter would be a disservice to the public, Business Insider - Business Insider Singapore
Business Insider - Twitter provides greater transparency into lawmakers' thinking. That's a good thing, especially when they're metaphorically showing their rear ends.. Read more at businessinsider.sg
RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic
Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago
Jousting knights plan tournament behind closed doors to raise funds
Les Amis d’Onno, based in the Borders, have seen all their summer events cancelled amid the pandemic.
Data of 4 crore Indian users of Truecaller up for sale on dark web: Report
Cybercriminals have leaked personal data of over four crore Indian users of the Truecaller app on the dark web, according to recent reports.The leak has been detected by cybersecurity researchers at C
SpaceX's launch of NASA astronauts was scrubbed and rescheduled for Saturday because of poor weather, just 17 minutes before liftoff
Stormy weather can endanger the Crew Dragon spacecraft and the astronauts on board. Forecasts previously showed a 50% chance of unsafe conditions.
US military reportedly making plans for Trump that include a complete Afghanistan withdrawal before the next election, Business Insider - Business Insider Singapore
Business Insider - Republican Sen. Lindsey Graham, an ardent Trump supporter, cautioned that an abrupt withdrawal would be "horrendous.". Read more at businessinsider.sg
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked
Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...
UK PM Johnson to go to Brussels next month for Brexit talks: The Times
Britain's negotiator with the European Union, David Frost, said Johnson will meet the presidents of the European Commission and Council to formally assess the state of the talks, according to the newspaper. Talks on a new pact to cover everything from trade to fisheries to security from 2021 had
Modi govt denying people benefit of low oil prices; no other nation doing so: Moily
When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
Top Stock Reports for Alphabet, Visa & Bank of America
Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
800 export consignments stranded at Lagos ports
ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
Opinion: The pandemic has exposed the crack in our fiscal armour
Almost instantly, the COVID-19 downturn proved Canada’s EI system is too slow, too exclusionary and hardly up to task
Aditya Birla Fashion plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
Bitcoin’s bounce back over $9,000 masks a potential downtrend
Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.
Australian construction work fell in Q1
The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:
Vijay Mallya’s extradition delayed, speculation mounts over his application for asylum
India Business News: Vijay Mallya’s extradition has been delayed and it could be months before he is brought back to India. It is understood that the UK home office has de
In Spain, food aid queues grow as poverty outpaces 2008 crisis
MADRID, May 27 — Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered. Jacqueline Alvarez, 42, is picking up basic foodstuffs in the working-class...
Trump threatens to shut down social-media platforms after Twitter put a fact-check warning on his false tweets
"We will strongly regulate, or close them down, before we can ever allow this to happen," President Donald Trump tweeted early Wednesday.
A plastic surgeon who has reopened his clinic says he will perform any operation — except lip fillers
As states begin to ease up on coronavirus pandemic lockdowns, doctors are reopening their offices and once again offering elective procedures, filler injections and plastic surgery included.
France unveils stimulus plan worth €8 billion for car industry
The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.
Chamber's conversation guests
The Black Country Chamber of Commerce have announced the line-up of guests for its new In Conversation With series of events over the coming weeks.
African Development Bank chief hits back over graft accusations
'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina
Hotels prepare to reopen facilities in Abu Dhabi
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has issued detailed guidelines for properties in the emirate…
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
Five key updates from the Gaming Control Board for reopening casinos
As promised Tuesday at a Gaming Control Board workshop meeting, regulators have updated the health and safety policies for reopening casinos June 4.
Govt disburses $202 million for 5 million poor families via village funds program
In total, some 63,000 villages of the nearly 75,000 villages in Indonesia have received village funds.
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
Irish Times view on Europe’s relations with China: Into the East Asian century
China has deployed a twin-track strategy of soft and hard-power diplomacy
IPL would be a great fit if T20 World Cup gets postponed: Pat Cummins
There is speculation that the IPL 2020 might be conducted in October-November if the ICC T20 World Cup in Australia is postponed
Intel tweaks its stock cooler for the first time in years: still no match for AMD's Wraith coolers and nowhere near good enough for the Comet Lake S i9-10900K
After nearly a decade of rehashing its stock cooler, Intel's finally made substantial (although entirely cosmetic) changes to its stock cooler design for a limited number of Comet Lake S SKUs.
'The Bachelor's Madison Prewett Has No Interest In Dating Right Now & Here's Why
Madison Prewett may have been on a quest to find love on The Bachelor, but in the wake of all the drama that unfolded with Peter Weber — along with that super awkward After the Final Rose special — the Alabama native has decided to take a step back…
Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report
Telecom players recently renewed their demand and asked Trai to move forward quickly on the issue of fixing floor price for tariffs
Ringgit strengthens against US dollar in early trade
KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...
Tesla cuts car prices by up to $5,000
Its prices in China are also being reduced.
Tesla cuts prices by as much as 6% in North America to boost demand
BEIJING (Reuters) - Tesla Inc (TSLA.O) has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
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
Cheer's Gabi insists there's no bad blood with director over parent backlash
Gabi's parents caused controversy when the show aired.
[Update: Rolling out] Google Maps adds ‘Support this business’ section linking to gift cards, donations
Local businesses are struggling amid the ongoing COVID-19 pandemic due to decreased foot traffic sales. Google business listings donate...
Fauci says 2nd wave of COVID-19 is ‘not inevitable’ in the fall
Dr. Anthony Fauci seems more optimistic regarding the chances of a “second wave” of COVID-19 hitting the US by the fall.
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore
Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg
United Spirits Q4 results: Net profit plummets 81% to Rs 24 crore
The maker of McDowell's whiskey said underlying net sales declined 11.08% to Rs 6426.4 crore.
Absolute Merch Teams With Artists to Raise Money for Charity
Candler redirected the merch online and began working with bands to donate a portion of the proceeds.
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao
Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date
Blackstone risks paying damages in dispute with Italy's RCS
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Personal data of 2.9 crore Indian job seekers leaked on dark web: Report
The same threat actor who leaked the Aadhaar card details later dropped details of 18 lakh residents of Madhya Pradesh for free on May 19.
Tech View: Nifty close above 20-DMA may be signalling new leg of upswing
Nifty may face resistance at 9,500 level and have support near 9,250, said analysts.
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines
Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.
Update | Huawei springs an unexpected MatePad Pro 5G launch on the Chinese market
The 5G version of Huawei's latest premium slate has been on the international market for some months now. However, it has not been available in this OEM's own home market. The company has rather abruptly announced that it will correct this situation tomorrow (March 27, 2020).
Jeffrey Epstein is the subject of a major Netflix docuseries. Here are the key moments from the convicted sex offender's past, famous connections, and controversial death., Business Insider - Business Insider Singapore
Business Insider - The multimillionaire faced charges in the sex trafficking of teenage girls. He died by apparent suicide in the Metropolitan Correctional Center.. Read more at businessinsider.sg
Samsung ties up with digital payment platform Benow to boost online to offline sales
As Samsung had a large retail network in the consumer electronics industry, this partnership will digitally empower retail partners across India, especially the ones in smaller cities and towns
A pharmacist known as 'the Mask Man' has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers, Business Insider - Business Insider Singapore
Business Insider - The DOJ said the pharmacist, 66-year-old Richard Schirripa, sold $2,690 of masks to an undercover officer and said he felt "like a drug dealer.". Read more at businessinsider.sg
Delhi: Markets empty, traders say Metro is only sliver of hope
The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore
Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News
New Delhi: The Ministry of Corporate Affairs has issued a notification that contributions to the PM CARES Fund will be … Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News Read More »
MSMEs set new world record for largest online business lesson
The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.
Rapid coronavirus test closer to market thanks to industry partnership
The portable testing device can carry out six highly accurate tests every 30 minutes, and quickly determine if someone has Covid-19.
Huawei CFO Meng loses key court fight against extradition to United States
Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid ...
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%
For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid
The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly
COVID-19 impact | IDFC First Bank announces pay cuts for senior management
IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
Luvvie vicar who waded into Dominic Cummings row is married father-of-two and ex-marketing consultant with past-life acting on shows from The Bill to starring alongside Michael Elphick and Neil Morrissey in Boon
Reverend Martin Poole, the vicar of St Luke's Prestonville in Brighton, raised the issue at the daily Downing Street press conference in a question to Matt Hancock.
Huawei CFO Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline
Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a
High-Fashion Market Continues Its Digital Shift
Shopping for high-fashion apparel continues to change under the pressure of the pandemic, as Instagram makes a play to become the go-to platform for fashion.
B.C. extends state of emergency, prepares for week of potential new cases post economic restart
B.C.’s state of emergency has been extended for another two weeks, making it the longest period that emergency orders have been in place.Premier John
FG builds 200,000 yam storage facility in Benue state for small businesses
The federal government will on Tuesday, June 9, inaugurate a 200,000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue.
Banks go digital to maintain social distancing in post Covid world
Contactless services set to gain ground
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
Farmers' Market returning
The Penticton Farmers' Market will be re-opening its outdoor market this Saturday, May 30, taking over its usual spot in the 100 block of Main Street.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.
ECB’s Lagarde ‘not overly concerned’ about new euro crisis
FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
Tech selloff weighs on S&P 500, Nasdaq
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
It’s Time to Sell Wildly Unprofitable United Airlines Stock
Warren Buffett didn't sell UAL stock just because he is scared. United Airlines faces a long road to recovery, and it isn't worth a buy here.
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June, Business Insider - Business Insider Singapore
Business Insider - Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.. Read more at businessinsider.sg
Locusts spare Delhi for now, but threat continues
The current trajectory of locust movement from Rajasthan is towards Madhya Pradesh and going further southwards towards Maharashtra. The Locust Control Office has been fighting the locust challenge for more than two weeks now
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
U.S. funds AI project to enable millisecond-level 5G spectrum sharing
The Department of Defense is backing an initiative that will enable some 5G spectrum to be efficiently shared by multiple users on a millisecond basis.
Schools to start by June 15: Education dept explores virtual, physical learning
State edu dept explores virtual, physical learning; schools in red zones to stay shut
Belkin's new smart speaker combines high-end audio, Google Assistant support, and wireless phone charging into one handy package, Business Insider - Business Insider Singapore
Business Insider - Belkin's Soundform Elite packs wireless phone charging capabilities into a full-fledged Google Assistant smart speaker. Here's our full review.. Read more at businessinsider.sg
‘You didn’t panic about anything!’: CNBC’s Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic.
France unveils $8.7 billion plan to rescue ailing car industry
The plan focuses on the production of environmentally-friendly vehicles
14.75 Lakh Migrants Register As UP Plans To Employ Them In Industrial Units
With 25 lakh people returning to Uttar Pradesh during the coronavirus lockdown, Chief Minister Yogi Adityanath on Tuesday directed officials to complete the skill-mapping of migrant labourers in 15 days and get a survey conducted to employ them in MSMEs and industrial units, officials said.
Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown
A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore
Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg
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.
Boeing cutting more than 12,000 US jobs with thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American ...
America's Got Talent host Terry Crews picks first Golden Buzzer act
The host didn't hesitate to push the button.
Consumer sector seen de-growing by 2-4%
Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...
EU Aims to Back Struggling South With Fiscal Shock and Awe
The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019
ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.
New York Gold Traders Drown in a Glut They Helped Create
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
Global stocks shake off concern over US-China tensions
Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong
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
Air Canada to resume flights to Phoenix in August
After nearly a month of closures due to the Covid-19 pandemic, Air Canada has resumed flights to and from the United States, with service to Phoenix Sky Harbor International Airport set to resume in August.
OECD GDP Falls By 1.8% In The First Quarter Of 2020
Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.
USTR office: Strongly disagrees with US Court of International Trade's decision...
Early Thursday morning in Asia, the US Trade Representative's office (USTR) marked its disagreement with the US Court of International Trade's decisio
H&M set to cancel furloughs for 2,500 at Stockholm headquarters
H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be ...
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Congress has yet to agree on the latest coronavirus relief package, so don’t expect another stimulus check in June
Americans probably shouldn’t count on getting another coronavirus stimulus check in June.
A pharmacist known as 'the Mask Man' has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers
The DOJ said the pharmacist, 66-year-old Richard Schirripa, sold $2,690 of masks to an undercover officer and said he felt "like a drug dealer."
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
In Spain, food aid queues grow as poverty outpaces 2008 crisis
Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
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 …
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares
A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Ackman says hedge fund up 27 per cent year to date, dumped Berkshire
The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year
Air India allows rescheduling for bookings between March 23 and May 31
The national carrier has informed that there will be no extra rescheduling charges applied for this…
Day Ahead: Top 3 Things to Watch for May 28
Day Ahead: Top 3 Things to Watch for May 28
Android devices on older firmware exposed to security vulnerability, warns SingCERT
SINGAPORE: Android devices running on operating system versions 9.0 and earlier - or about 90 per cent of users - may be exposed to a security ...
A white venture capitalist threatened to call the police on a group of black men in a Minneapolis gym, and a video of the incident is trending, Business Insider - Business Insider Singapore
Business Insider - Tom Austin, a venture capitalist, later apologized and said a building manager's email previously flagged concerns of non-tenants using the gym.. Read more at businessinsider.sg
BREAKING John Lewis names the 13 stores that will reopen to the public in June
We'll be bringing you the very latest updates, pictures and video on this breaking news story.
Hundreds of jobs to go as News Corp confirms restructure
News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.
Las Vegas casino reopening ‘major milestone’ for city, industry
While not all properties in the state will take advantage of the initial opening date, several operators said they’re excited to open their doors to guests.
Changing marquees at MGM hotels signal Strip’s reopening
Signs of casino reopenings started to appear Wednesday on the Las Vegas Strip as MGM Resorts International and other companies prepared to begin operations again.
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Stocks - U.S. Futures Higher Ahead of May Business Surveys
India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
7 red flags to be on the lookout for when restaurants reopen
As restaurants reopen dining rooms, many Americans are eager to once again eat out at their favorite spots.
Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
Alibaba Hunts for a Million Influencers Keen to Make Big Money
Alibaba Group Holding Ltd. pioneered the use of live-streaming hosts to sell everything from lipstick to smartphones in China. Now, the e-commerce giant wants to repeat that success globally with the help of a million influencers on forums from TikTok to Instagram.
Expect Canopy Growth Stock to Pass Its Big Earnings Test
CGC stock has rallied from March lows along with other cannabis stocks. As the sector shows signs of life, Canopy earnings need to be solid.
Smriti Khanna-Gautam Gupta On Embracing Parenthood, Working As A Married Couple In Their New Single And More- EXCLUSIVE INTERVIEW
Here's a candid chat with reel and real life couple- Smriti Khanna and Gautam Gupta. The duo has recently turned parents and their new single together, titled Wajah has also hit the web, a few weeks back. Listen up as we speak to them about it all
Ola Financial Services raises Rs 205 crore from Matrix Partners, others
Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.
Despite lockdown orders, murder rates are rising in cities across America, Business Insider - Business Insider Singapore
Business Insider - Homicides in Nashville have spiked 233% during the pandemic. Houston, New York, and other cities have reported sizeable increases, as well.. Read more at businessinsider.sg
Current crisis calls for a revised Union Budget
The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment
Motorola On A Roll As Retailers & Carriers Take On New Models
It was a great US smartphone brand, that became the #1 brand in Australia, their hero was the Motorola Razr then it all fell apart because of a lack of competitive Android based products, that was until now.
Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore
Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.
HBO Max’s content boss explains its DC originals strategy, from J.J. Abrams’ Justice League Dark series to the Snyder Cut
HBO Max has launched with content from across the WarnerMedia entertainment library, from HBO to Warner Bros. to DC.
Paul Orajiaka: The story of Nigerian businessman who started from scratch
The story of Paul Orajiaka is a good example that Nigerian youths have great entrepreneurial spirits that could turn the least sought-after into an empire.
SBI extends moratorium on loans by three months
Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.
Police arrested a Bay Area woman who they say posted racist notes on the homes of Asian Americans, Business Insider - Business Insider Singapore
Business Insider - The notes suggested that those not native to the US leave the country immediately.. Read more at businessinsider.sg
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Wall Street gains amid economic hopes; tech shares decline
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
10 Stocks Worth Your Time on Robinhood’s Top 100 List
Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus
7 red flags to be on the lookout for when restaurants reopen
Red flags include poor ventilation, waiters not wearing masks, and restaurants not allowing customers to make reservations.
You can now apply for government’s relief fund for May – but don’t make these mistakes
The Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries – marking a historic first in terms of a lump sum paid out by the fund within five weeks.
Ismail Sabri orders private business owners to strictly follow MOH’s guidelines in sanitising premises
KUALA LUMPUR, May 27 — Private business owners carrying out sanitisation efforts at their premises before resuming operations must strictly adhere to guidelines issued by the Health Ministry in terms of the disinfectant and chemicals used, Datuk Seri Ismail Sabri Yaakob said today. Ismail Sabri...
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
European Stimulus Plan Gives Markets More Momentum
Rising tensions with China did not dull the effects of a new fiscal stimulus proposal in Europe on markets, which
Every learner will be given two masks – coronavirus plans for South African schools detailed
Minister of Basic Education Angie Motshekga has detailed some of her department’s plans to provide personal protective equipment to learners who return to school on 1 June.
Twitter tried to correct Trump's falsehoods about vote by mail, but the platform's first fact-check on the president's tweets was itself misleading
The confusing and misleading parts of their fact-check show the difficulty that accompanies social media platforms acting as fact-checkers, too.
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
5 Stocks to Start Investing in 2020
These top businesses can form the foundation of your investment portfolio.
Bird lets you rent a scooter with a tap, no QR scan required
Start riding with a single tap.
Harvard readies for a different kind of celebration
Harvard’s graduation will look much different this year, but the University is preparing to take it in stride with a virtual celebration.
It is India's hour to shine, but will it?
If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.
No university bailout for international students
Australia’s universities continue to cry poor over the reduction in international student numbers, signaling heavy financial and job losses:
Nokia shuts plant in Tamil Nadu after 42 test positive for COVID-19
NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...
GE Stock Comeback Story is Delayed But Not Canceled
The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.
U.S. Stocks Climb to 12-Week High; Treasuries Drop: Markets Wrap
All you need to know about global markets today.
Police, army yields to Wike’s directive, remove barricade from Ikoku market
The Police and the Nigerian army have yielded to the directive of the Rivers State Governor, Nyesom Wike, on the opening of Ikoku spare parts market after about two months of shutdown.
‘Samsung Money’ adds a physical debit card to Pay w/ account, more [Updated]
Later this year, Samsung is set to debut a new take on Samsung Pay that adds a physical debit card and account called "Samsung Money."
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
EUR/USD Price Analysis: Bulls await a sustained move beyond 200-day SMA
The EUR/USD pair rallied nearly 100 pips from an intraday low level of 1.0934 and jumped to the highest level since early April. Bulls, however, strug
Banner Health invests in firm that gained attention as domestic PPE manufacturer
Phoenix-based Banner Health is joining 14 other health care systems nationwide in acquiring a minority stake in a personal protective equipment manufacturer that garnered national attention for its co-owner’s warnings of America’s PPE shortage and the paucity of domestic manufacturers.
DaBaby Nabs First Streaming Songs Leader With 'Rockstar'
It’s the first song since Roddy Ricch's 'The Box' to hit No. 1 after neither debuting there nor benefiting from a remix or the release of a new album.
NFL Bettors Aren’t Buying Projected Win Totals For 2 Teams
The betting lines on NFL projected win totals in 2020 have been out for a while and the sports books have been collecting data on the bets.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus
The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.
More people are dining out as states reopen — but don’t expect more activity until there’s a coronavirus vaccine and Americans are putting off medical care due to coronavirus fears
Wednesday’s top personal finance stories
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
We demolished Rivers hotels in peoples' interest - Governor Wike
Nyesom Wike, Rivers governor, has come out with an explanation on the demolition of two hotels in the state, saying the decision was taken in peoples' interest.
Rodents compound woes of traders
Their population has seen manifold increase in closed showrooms
Too early to celebrate value comeback
Via the excellent Damien Boey at Credit Suisse:
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
A family-run circus has been stranded for 2 months in a Spanish town because of the coronavirus lockdown
Louisa Raluy is suspended upside-down from a rope hanging from the ceiling, twisting and turning as her fellow circus performers encourage her on.
Most small businesses remain optimistic on reopening after coronavirus: poll
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to
Hyundai Motor Group to get electric vehicle batteries from LG Chem
Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors has picked LG Chem as one of the battery suppliers for its ...
US capital Washington eases coronavirus lockdown
The US capital is relaxing lockdown restrictions following a sustained period of decreased coronavirus infections, Washington's mayor said.
Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output
The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs
Peter Dunne says the Government will be worried that soon public concern about the social and economic impact of Covid19 - already sharply on the rise - will overtake support for the approach the Government has taken so far
Peter Dunne says the Government will be worried that soon public concern about the social and economic impact of Covid19 - already sharply on the rise - will overtake support for the approach the Government has taken so far
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Coronavirus pandemic | Confirmed COVID-19 cases in India cross 1.5 lakh-mark; death toll at 4,337
India is the tenth country to register 1.5 lakh or more COVID-19 cases.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Venezuela reaches deal with U.N. to buy food, medicine with gold -cenbank
CARACAS — Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
AUD/USD trades with modest losses, just below mid-0.6600s
The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-
Another cruise crew member in coronavirus limbo dies of apparent suicide
A cruise ship crew member died last week of self-inflicted harm, the US Coast Guard said Wednesday as it confirmed the latest in a series of apparent suicides among such workers trapped at sea because of the coronavirus pandemic. A 32-year-old Filipino worker on a ship called Scarlet Lady, the only
Airlines given $123 billion in state aid – IATA
While governments are coming to the rescue of embattled airlines, the International Air Transport Association points out that $67 billion of the $123 billion committed so far would have to be repaid
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
103-year-old woman walks hill outside her care home to raise money for charity
Joan Willet, who lives at Old Hastings House in East Sussex, aims to walk 17 miles before her 104th birthday in July.
Researchers Create Map of Electric Currents in Magnetosphere of Mars
Using five years of magnetic field data obtained by NASA’s MAVEN (Mars Atmosphere and Volatile EvolutioN) spacecraft, a team of scientists has created the first-ever map of the electric current systems in the Martian induced magnetosphere.
3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors
It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.
PV power plant design software upgraded
PVcase, the photo-voltaic power plant software specialist, has released version 1.33, to coincide with the update to PVsyst 7.0.
France says resumed Brexit talks going badly
PARIS (Reuters) - French Foreign Minister Jean-Yves Le Drian said on Wednesday that Brexit talks, which have resumed following an interruption caused by the coronavirus crisis, were not going well.
Wells Fargo's Stock May Soon Reverse Lower
Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.
World watches as South Korea cautiously returns to life
The baseball league is on. Students have begun returning to school. And people are increasingly dining out and enjoying nighttime strolls in public parks.
Gofrugal helping small retailers go digital
As the country came to a shutdown due to Covid-19, neighbourhood stores have emerged true heroes by being there for customers
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...
A tropical storm may scrub SpaceX's history-making rocket launch of 2 astronauts on Wednesday
Elon Musk's rocket company is close to making history for itself and NASA, but weather forecasters gave the planned launch attempt a 50-50 chance.
After COVID-19 lockdown, fitness fans reconsider returning to the gym
Like many Canadians, Erin Riediger cancelled her gym membership when the country went into lockdown in March.For the first few days of quarantine, the Winni
June’s Games with Gold include Destroy All Humans! & Shantae and the Pirate’s Curse
Microsoft have unveiled the range of games being offered through Games with Gold in June, featuring Shantae and the Pirate's Curse and Destroy All Humans!As usual, there's two Xbox One games and t
Boeing set to announce significant US job cuts this week: union
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Corn is oversold; watch for short covering to provide price spark, analyst says
Outside investors are watching the June crop weather forecasts turn dry.
Sebi again extends deadline to apply for 147 senior-level vacancies amid Covid-19
Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.
THE BIG READ: Food inflation looms as US meat industry tries to restart
Stuffed into a meat factory like a pack of sardines with little space to move.
Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...
A Lake of the Ozarks bar defended hosting a packed pool party, saying that social distancing isn't the law and that it checked everyone's temperature
The owner of Backwater Jack's bar at Lake of the Ozarks responded to criticism of his pool party, saying social distancing isn't enforceable.
A match made in heaven: How Vows for Eternity is redefining confidential matchmaking for global Indians
Headquartered in New York City with an established presence in Mumbai, Delhi, London and Dubai, Vows for Eternity is a global, confidential and personalised matrimonial search firm that brings life partners together based on mindsets, values and personalities
Japan PM vows to back corporate financing with second extra budget
TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...
ICAI aims for transparency in Covid-era accounting
India Business News: Will the company be able to continue its operations? Or to paraphrase in accounting terminology — will it be a going concern? In the pre-pandemic era,
The coronavirus has killed more than 100,000 Americans in just over 4 months
More than 100,000 Americans have died from the new coronavirus. That’s nearly one-third of the worldwide total.
Parents thank council for postponing Abernyte school closure
Abernyte Primary School's parent council have thanked council bosses for keeping their school open for at least another year.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Old Tafo Assembly supports 16 more PWDs to start their businesses
The Old Tafo Municipal Assembly has presented various items to 16 selected Persons with Disability (PWDs) in the municipality to economically empower them.
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
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.
Communications Systems: Needs Sustained Bottom-Line Growth To Move The Share Price
Firm posts negative earnings in the first quarter. Once again this showed that the company is absent any real competitive advantage. No need to push the boundar
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
JNU Prof’s Fix for Economy’s Revival Post Lockdown
According to Mumbai-based think-tank, Centre for Monitoring Indian Economy (CMIE), more than 122 million Indians — mainly daily wage … JNU Prof’s Fix for Economy’s Revival Post Lockdown Read More »
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore
Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg
Adelaide preschool operator issued $23,000 fine for exploiting workers for financial gain
The operator of two Adelaide Montessori preschools has been issued with a $23,000 fine after she was found to have “exploited workers for financial and business gain” the ABC has reported.
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
Oil halts rally near $34 on signs of Russia easing supply cuts
Moscow wants to scale back output curbs in line with the OPEC+ deal
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
Walgreens Boots Alliance: The Case For Buying In At Near 5-Year Lows
Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe, employing 440k staff globally
States Sue to Block Trump From Weakening Fuel Economy Rules
At stake in the lawsuit is the single biggest effort by the United States to fight the climate crisis.
Mike Tyson said he was 'drinking, gorging on food, and f------ women' when he was 'out of control' before filing for bankruptcy in 2003, Business Insider - Business Insider Singapore
Business Insider - "[Having] orgies; I was crazy. I bought a lot of cars for girls," Tyson said. "You can't have bitches around when you're young. they f--- up money.". Read more at businessinsider.sg
DeVos Would Send Millions of Federal Dollars to Private Schools
Secretary of Education Secretary Betsy DeVos is planning to funnel tens of millions of dollars of federal coronavirus aid to private schools, most of which have religious affiliations.
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
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
Renault and Nissan rule out merger as they unveil survival plan
Companies to cooperate more closely on car production to save costs
US military reportedly making plans for Trump that include a complete Afghanistan withdrawal before the next election
Republican Sen. Lindsey Graham, an ardent Trump supporter, cautioned that an abrupt withdrawal would be "horrendous."
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...
RIL launches WhatsApp chatbot to answer rights issue queries
Reliance Industries Ltd (RIL), a company controlled by Asia’s richest man Mukesh Ambani, has launched a chatbot to provide answers to shareholders on its ₹53,125-crore rights issue.The chatbot, the fi
How Small Businesses Can Soften the Blow of Bankruptcy
Some dos and don’ts for those teetering on the brink
Samsung Galaxy A51 gets new variant with 8GB RAM, priced at Rs 27,999
The new 8/128GB variant of Galaxy A51 comes in three colours - Prism Crush Black, Prism Crush White and Prism Crush Blue.
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP
The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal
Jorge Masvidal: Nate Diaz is willing to fight, Kamaru Usman is asking UFC for too much money
According to Jorge Masvidal, a rematch with Nate Diaz is possible since he is willing to fight, while Kamaru Usman is asking UFC for too much money for title fight.
Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over
India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem
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.
Food industry can weather global economic shock: BKPM
Domestic investment dominates the industry, with Rp 7.3 trillion (US$494.6 million) from January to March this year, compared to $298 million in foreign direct investment (FDI) in the same period.
India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao
Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.
The Trump Administration has deemed professional athletes essential workers in the United States — here's what that means for the return of sports, Business Insider - Business Insider Singapore
Business Insider - The provision allows professional athletes from foreign countries to enter the United States in order to compete in their respective sports.. Read more at businessinsider.sg
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case
The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.
Vulnerable people shielding from coronavirus see incomes slide, charity warns
Citizens Advice research revealed 41% of people in the shielded group said they have lost at least 20% of their income since the outbreak began.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
Covid-19: Catch up to trend-GDP difficult in three years
However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.
Traffic free zone for Clifton Village sparks concern from businesses
Business leaders fear temporary plans to pedestrians parts of Clifton Village could become permanent - and damage trade
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.
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
PPE kits not covered under insurance, yet cost 50% of COVID-19 treatment
Jayan Mathews, Co-founder and Chief Product Officer at healthcare financing platform Vital, expects the stakeholders to reach an agreement soon
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
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 […]
French economy to shrink by 20% in second quarter as recession deepens
France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…
Confusion around whether all of South Africa will move to level 3 lockdown
Health minister Dr Zweli Mkhize has cast doubt on whether some parts of the lockdown will remain at level 4 from 1 June.
COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry
Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day
Exclusive: Research finds concerning drop in U.S. colorectal cancer screenings and surgeries
Exclusive: Research finds concerning drop in U.S. colorectal cancer screenings and surgeries
Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...
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.
No end term exams for current and previous semesters: Kashmir University
In a significant decision, the University of Kashmir, in view of COVID-19 pandemic, has decided that there will be no end term exams for the current
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
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
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
As SPCE Stock Remains a Moonshot, Stay on the Sidelines
A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
TCN MD removal threatens power reforms, $1.66bn foreign funding – Forum
The Nigerian Power Consumers Forum, NPCF, has called on President Muhammadu Buhari to immediately direct a reversal of removal
EU to propose €750bn Covid recovery package for states
Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit
5 Dividend Kings to Buy and Hold Forever
The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.
John Lewis reveals exact date for reopening of Ipswich store
Retailer John Lewis has revealed Ipswich will be one of the first locations to reopen among a handful of UK branches.
French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown
Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.
Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses
Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner
Five arrested after bungled assassination in war for control of European drug trade that has led to 41 deaths
The CCTV footage shows two men soaking a stolen SMART car with liquid before the flames unexpectedly engulf both men, leaving at least one alight.
Pompeo says Hong Kong is no longer autonomous from China, which could mean the US ends the city's special trade status
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," Pompeo said.
Coronavirus crisis | With hospitals stretched to capacity, housing societies in Mumbai are renting oxygen cylinders: Report
With Mumbai facing an acute shortage of ICU beds in private hospitals, there have been situations where patients have been asked to wait.
Migrant crisis: In heart-wrenching video, toddler tries to wake dead mother at Bihar railway station
The mother was heading to Kathiar along with her two children, sister and sister's husband, the Railway Ministry said
SBI customers to SMS ‘yes’ for moratorium
State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,
Sony/ATV Promotes Peter Brodsky to General Counsel, EVP Business Affairs
Sony/ATV Music Publishing has promoted Peter Brodsky to general counsel to compliment his longtime role as executive vp, business affairs at the Sony Music company.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector
Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.
Worst locusts attack in decades; crops damaged in Maharashtra, Madhya Pradesh, UP, Rajasthan
Locusts attack in India: Farmers have been advised to play loud music to drive the insects away and save crops. Locusts don't attack animals or humans but can devastate crops and other areas of greenery
Covid-19 wrap | Brazil leads daily virus deaths, Montenegro first corona-free European country
Here are the latest developments in the coronavirus crisis.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.
All three Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.
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.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
Venezuela's Maduro vows to raise gasoline price as Iranian tanker nears
Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation's exclusive economic zone. Iran is providing the country with up to 1.53 million barrels of
Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr
The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021
NSW to kick-start renewable energy investment
NSW has called on business to pitch for its $4.4 billion renewable energy zone to kick-start investment amid a slowdown in new wind and solar commitments.
CDC: Antibody test results are often wrong and should not be relied on
The CDC has released new guidance on antibody tests, warning that they can be wrong half the time and shouldn’t be used to inform important policy decisions.
Major markets in Sekondi-Takoradi to be closed over surge in coronavirus numbers
Major markets in the Sekondi-Takoradi metropolis are expected to be closed down today for disinfection due to the rise in COVID-19 numbers in the region.
The Moto G Power is 25% the price of $1,000 smartphones, and it does 95% of the things you want
I have nothing but respect for the Moto G Power. Sure, it’s not perfect. But, it’s also $250.
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
Arthritis company Promisia pivots into Chch aged care sector
Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.
Govt Undermines Democracy By Pushing 15 Bills In 17 Hours
“The Government is undermining democracy by progressing 15 bills in the space of just 17 hours,” according to ACT Leader David Seymour.
'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes
A delay in changing soiled residents led to a "skin breakdown," and others were found not to have been bathed for several weeks.
Renault, Nissan, And Mitsubishi Detail Alliance Business Changes
The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.
Salary deduction: Kano NLC gives Ganduje two weeks ultimatum or face strike action
The Kano State Chapter of the Nigeria Labour Congress, NLC has on Wednesday given a two weeks ultimatum to Governor Abdullahi Umar Ganduje
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
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Winter vegetable markets to reopen today with new timings
Winter vegetable markets will reopen today after three-day Eid Al Fitr break with new timings, offering a number of farm fresh local vegetables at competitive prices.
Job losses continue to mount in US despite reopenings
WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that...
Valley company starts production on Sheriff Joe Arpaio TV docu-series
Former Maricopa County Sheriff Joe Arpaio will be the subject of an upcoming TV docu-series, which will look at his life and the controversies around his 24 years as sheriff.
PR Consulting Shutters L.A. Office
A growing number of p.r. firms have been impacted by COVID-19 as fashion companies postpone shows and events and pull back on advertising.
Meet Doug Hurley and Bob Behnken, 2 ‘badass’ astronauts, engineers, and dads who are poised to make history for SpaceX, NASA and the world
The ways in which NASA’s astronaut office picks a crew from the members of its esteemed corps is something of a mystery.
Central Bank reports €2.5bn profit for last year
The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...
Motorola Razr 2 will get notable upgrades but it still won't be as powerful as a 2020 flagship
The leaked specifications of the Razr 2 suggest that Motorola is sticking to midrange specifications once again for its second foldable smartphone.
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.
(Video) Why Thomas Meunier could make superb Trent understudy in 2020/21
Liverpool were today linked with a possible Bosman move for Thomas Meunier in Le 10 Sport. The Belgian is 28-years-old and is not being offered an extension by PSG, the club for whom he’s won…
Ireland suspends beef exports to China after atypical BSE case confirmed
There are no public health risks associated with this case.
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Trump accuses Twitter of 'interfering in the 2020 Presidential Election' after it fact-checked his false tweets about voting by mail, Business Insider - Business Insider Singapore
Business Insider - Earlier in the day, Twitter added links to two of Trump's tweets prompting users to "get the facts" about mail-in ballots.. Read more at businessinsider.sg
Trinity Biotech expects Covid-19 immunity test to be authorised shortly
Irish life sciences company also at advanced stage in developing 12-minute diagnosis test
‘Mr. Trump is debasing his office’: The famously conservative Wall Street Journal editorial board slammed the president for pushing a Joe Scarborough murder conspiracy
The Wall Street Journal’s editorial board has come out against President Trump for pushing a conspiracy theory about MSNBC anchor Joe Scarborough.
Coronavirus pushes global credit rating downgrade threat to record high
A total of 1,287 of S&P's ratings are now on a downgrade warning.
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
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...
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
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.
That's made up: Anies refutes business group's claim about reopening of malls
The third phase of restriction implementation in Jakarta could be extended.
OPPO’s Find X2 Series is finally on sale from these networks and retailers
OPPO announced the Find X2 Series of smartphones back in March and now the full range consisting of the premium flagships Find X2 and X2 Pro are finally on
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]
Covid-19 tests not mandatory for maternal, newborn: Health Ministry
The ministry also said that mother and newborn should be nursed together and breastfeeding must be initiated within 1 hour of delivery, irrespective of Covid-19 status
Govt may launch coal blocks auction under commercial mining on Jun 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis
Japan's new budget to include US$302b in direct spending, reports Mainichi
TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.
PenCom mulls diversifying investments into infrastructure, housing assets
PenCom says it is reviewing its policies to boost pension fund investments in capital market products, infrastructure and housing assets post-COVID-19.
52-yr-old refuses money to robbers, attacked
A 52-year-old man was attacked with sharp edged weapon after he refused to provide money to miscreant who attempted to rob in the wee hours on Monday in Nariyalkheda area; Gautam Nagar police have started investigation. Police said that the victim Rajkumar Chourasia was attacked by the miscreant
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
Hong Kong unrest worries curb global shares rally
Hong Kong unrest worries curb global shares rally
Period poverty getting worse under lockdown, charity says
Plan International UK said the Covid-19 crisis has made it harder for girls and women to manage their periods safely.
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
'Mothership' office on horizon but don't write off London: Canary Wharf
'Mothership' office on horizon but don't write off London: Canary Wharf
HBO Max's content boss explains its DC originals strategy, from J.J. Abrams' Justice League Dark series to the Snyder Cut
HBO Max will include plenty of DC content, including big-budget originals and the "Justice League" Snyder Cut.
Air France agrees to cut many domestic flights
The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…
Investment banker fired over racist video of her shouting at black man
Amy Cooper was sacked from her investment banking job after telling police 'there's an African American man threatening me'.
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.
Asian stocks pull back as Hong Kong uncertainty weighs
NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
World watches as South Korea cautiously returns to life | Honolulu Star-Advertiser
SEOUL, South Korea >> The baseball league is on. Students have begun returning to school. And people are increasingly dining out and enjoying nighttime strolls in public parks.
Private/Public Partnerships Could Boost Central Bank Digital Currencies
About 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).
PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt
With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown, Inox stock has lost 17.77% and PVR share price is down 39.20%
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.
Sherlock Holmes Chapter One announced for current and next-gen
The Sinking City developer Frogwares has revealed Sherlock Holmes Chapter One, a prequel adventure showing the famous detective's first big case.
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...
Regulators update health, safety directives for casino reopenings
As promised Tuesday at a Gaming Control Board workshop meeting, regulators have updated the health and safety policies for reopening casinos June 4.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
Google is facing a potential antitrust case in India over its mobile payments app, according to a new report from Reuters.
Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook
Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.
Google Search and Maps are making it easier to support small businesses with donations and gift cards
As businesses navigate the largest economic crisis since the Great Depression, those that remain on the playing field are looking for any bit of help they
Fire guts parts of Tema community one market
Fire destroyed parts of one of Tema’s biggest market, the community one (1) market Tuesday evening.
France banned the use of hydroxychloroquine for treating the coronavirus a week after Trump said he was taking the drug, Business Insider - Business Insider Singapore
Business Insider - France reversed a March order that allowed the drug hydroxychloroquine to be used as a potential treatment for COVID-19.. Read more at businessinsider.sg
Boeing set to announce significant US job cuts this week: Union
Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union
Gold prices hit two-week low on optimism around reopening of economies
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13
Tropical Storm Bertha makes landfall on South Carolina coast with 50mph winds after South Florida is inundated with three days of torrential rain and flash flooding that left cars submerged and locals stuck in knee-deep water
Tropical Storm Bertha made landfall on South Carolina's coast at 9.30am EST with sustained winds near 50mph, less than two hours after it was officially named.
Pending Class 10, 12 Board exams: Students who moved to a different place can appear there, says HRD Minister
Pending Class 10 & 12 Board exams: The CBSE will issue a notification to clear out the modalities for registration for such requests, Union HRD Minister Ramesh Pokhriyal 'Nishank' said.
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission
ZUBR, a digital asset platform to arbitrage using derivatives, has received "in-principle" approval from the Gibraltar Financial Services Commission (GFSC) t
World economic prospects darken, rebound delayed – Poll
BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Covid-19 to stay till 2021, aggressive testing needed: Health experts
In an interaction with Congress leader Rahul Gandhi, health experts Professor Ashish Jha and Professor Johan Giesecke talked about the Covid-19 pandemic
Coronavirus pandemic | Maharashtra reports 105 COVID-19 deaths and 2,190 new cases
This is for the first time that Maharashtra has reported deaths in three digits, the official said, adding that they included 32 fatalities from Mumbai.
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic, which has kill...
Favipiravir drug working better on Covid patients
Hyderabad: City-based pharma firm Raghava Life Sciences Pvt Limited (RLS), which is into API production, on Wednesday claimed Favipiravir antiviral drug has been producing better results in treating...
New register: Turnout may be low, unless you share money at centres – Prof Gyampo
Senior Lecturer at the Political Science Department of the University of Ghana, Professor Ransford Gyampo has projected a low turnout at various registration centers for the new voters’ register.
Small signs of normality returning to our town centres ahead of shops reopening
While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
GOG's Summer Sale has gems like Disco Elysium & Divinity: Original Sin 2 on discount
The GOG Summer Sale has begun, featuring over 3000 deals on games, demos on upcoming releases, and smash hits like Disco Elysium and Divinity: Original Sin 2.
Jousting knights plan tournament behind closed doors to raise funds
Les Amis d’Onno, based in the Borders, have seen all their summer events cancelled amid the pandemic.
Baidu releases quantum machine learning toolkit on GitHub | ZDNet
Chinese tech giant's Paddle Quantum development toolkit now is available on GitHub, enabling developers to build and train quantum neural network models, and includes quantum computing applications.
Nord Stream 2 Operator Says Sanction Threats Are Discrimination Against European Companies
MOSCOW (Sputnik) - Threats to impose sanctions against the Nord Stream 2 gas pipeline project are discrimination against European companies, the project operator, Nord...
Global stocks rise as lockdown measures ease further
Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.
81% of parents ‘would not have travelled for lockdown emergency childcare’
Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.
The real threat to Facebook and Twitter isn’t a pandemic or a president
Welcome back to Trending, where we read the tech leaves every Wednesday. I’m Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every week, just click here.
Battle ahead for EU's massive virus recovery plan
If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.
Budget padding allegation: House of Reps accuse NDDC of deceiving Nigerians
The House of Representatives denied allegations that it is against the ongoing forensic audit of the commission, stressing that it is untrue and misleading.
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.
It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.
Donations by companies to PM-CARES Fund notified as CSR, says govt
Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Commentary: China's tensions could boost Hong Kong's stock exchange
HKEX’s next chief will have to manage a tricky relationship with Beijing, says the Financial Times’ Henny Sender.
Huawei Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
France banned the use of hydroxychloroquine for treating the coronavirus a week after Trump said he was taking the drug
The French government on Wednesday banned the use of hydroxychloroquine for the treatment of COVID-19, reversing a previous order from March that allowed the anti-malarial drug to be used as an experimental treatment for the disease caused by the new coronavirus.
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
Sen. Josh Hawley criticizes Google over deletion of certain comments critical toward China
Google says the deletions were accidental, but Hawley noted the company's prior actions to censor content for China.
Lufthansa says currently ‘unable to approve’ state rescue over EU conditions
FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...
Crafty Market Drayton veteran Clive raises more than £1,200 for NHS by making rainbow gifts
A blind veteran who has been making rainbow gifts at home to support the NHS has now raised more than £1,200.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem
The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.
World economic prospects darken, rebound delayed: Reuters poll
World economic prospects darken, rebound delayed: Reuters poll
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
U.S. won't certify Hong Kong's autonomy from China, jeopardizing trade status
May 27 (UPI) -- Secretary of State Mike Pompeo said Wednesday he has officially notified Congress that Hong Kong is in effect no longer autonomous from mainland China.
Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official
The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital
Xiaomi Redmi Smart TV X55 has its price slashed before launch to match the 55-inch Honor Vision X1 Smart TV
The Redmi Smart TV X55 from Xiaomi has had its price considerably slashed ahead of going on sale. The new price tag for the television is 1,699 yuan (US$237). This puts the Redmi Smart TV X55, which features a 4K screen and 32 GB storage, at the same price as the just launched 55-inch rival Honor Vision X1 Smart TV.
Otrium is Trying to Solve Fashion’s Inventory Problem
The online designer outlet is looking to fuel international expansion with this round, led by Eight Road Ventures.
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Crowdfunding campaign launched to support family of Sanatan Deka; Aims to raise 30 lakhs through the campaign in 19 days
Sanatan Deka was lynched to death by Faizul Haque and friends for selling vegetables in a Muslim majority area near Guwahati during Ramzan.
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News
NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »
The CMS slashes telehealth restrictions for Medicare Advantage members
The CMS expanded access to telehealth services for Medicare Advantage (MA) members to include visits with a longer list of specialists.
Commercial crew astronauts accept risks of test flight
The Crew Dragon astronauts say they understand and accept the risks of a new spacecraft, which they believe can’t be boiled down to a single number.
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Rector, lecturer trade words over alleged plagiarism
Bola Bamigbola, Osogbo A senior academic staff member in Federal Polytechnic, Ede, Osun State, Mr Matthew Omolade, has threatened a legal action against the Rector of the institution, Dr Adekolawo...
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
US President Donald Trump warns that Hong Kong risks losing its special status as a financial hub
US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial center if a proposed Chinese crackdown goes ahead, and promised a "very interesting" US response within days. The Chinese legislation would ban secession, subversion, terrorism and foreign
Number of lone parent families in Ireland at highest level since 2012
Our single income family numbers are also well above the 16.5% EU average
Instagram Adds New Ways For Users To Boost Income
Instagram has introduced new ways for creators to make money, through Instagram Live, which allows users to stream video, and IGTV, its standalone video app.
SpaceX's Crew Dragon toilet is on the ceiling of the spaceship — and no one wants to talk about it
"That toilet? Ah, we'll let you know how it works out," NASA astronaut Doug Hurley said. "We'll try it out, and we'll let you know when we get back."
Longtime Charlotte firefighter accused of stealing hundreds of dollars from Target in Midtown
Charlotte detectives have charged 41-year-old Timothy Ireland with seven counts of misdemeanor larceny.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April
Government data will probably show expansion slowed in January-March to 1.5%
COVID-19: EU aims to back struggling south with fiscal shock and awe
Blueprint will form central plank of EU’s response to coronavirus pandemic’s impact
Japan doubles down on stimulus with extra $1 trillion in aid
Package includes financing for companies, rent subsidies and healthcare assistance
Govt’s Seabird Plan Of Action Panders To Fishing Industry, Says Greenpeace
The National Plan of Action for Seabirds, released by the Government today, puts the fate of threatened species firmly in the hands of the fishing industry, says Greenpeace.
Tractor Supply News: Why TSCO Stock Is Surging 8% Today
Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.
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
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.
Building an unbeatable business starts with the innovation stack | ZDNet
Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.
Tesla knocks $5,000 off Model X price as coronavirus hurts demand
Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
TN inks mega investment pacts worth Rs 15,000 crore
Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →
EU open to two-year Brexit extension, says Michel Barnier
The bloc’s chief negotiator said it had always remained open to any extension.
Ola Electric acquires Netherland-based scooter-maker Etergo
While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
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
Amazon in advanced talks to buy self-driving startup Zoox - WSJ
Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...
Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
'Buzz in the air' as Shropshire shops prepare to reopen
Plans to reopen retail next month could save the high street and stop scores of shops being closed for good, according to a Shropshire business owner.
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
United reshuffles management as it prepares for uncertain recovery
United reshuffles management as it prepares for uncertain recovery
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore
Business Insider - Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.. Read more at businessinsider.sg
Trump accuses Twitter of ‘interfering in the 2020 Presidential Election’ after it fact-checked his false tweets about voting by mail
President Donald Trump on Tuesday accused Twitter of “interfering” in the 2020 election after it fact-checked two of his tweets pushing conspiracies about voting by mail.
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
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.
Older workers typically work in jobs that cannot be done at home and that involve close contact with others.
India facing its worst recession in current fiscal: Crisil
India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday
Nyali School Management Accused Of Embezzling Funds As School Runs Bankrupt
The Nyali School is now allegedly bankrupt and forcing parents to pay second term fees in full a year after buying school buses at an exaggerated prices, Kahawa Tungu can reveal.Sources in the sch
Disney World is set to reopen on July 11 with masks and temperature checks required
Walt Disney World is set to reopen this summer – with masks and temperature checks required – after it closed because of the coronavirus pandemic.
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
DeSantis To Appeal Ruling Striking Down Florida’s So-Called Felon ‘Poll Tax’ Law
Gov. Ron DeSantis (R-FL) said Tuesday that he’ll appeal a federal judge’s decision striking down a Florida GOP law that...
Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin
MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further
103-year-old woman walks hill outside her care home to raise money for charity
Joan Willet, who lives at Old Hastings House in East Sussex, aims to walk 17 miles before her 104th birthday in July.
Mercedes-Benz launches C 63 AMG Coupe and AMG GT R, company says planned launches on track
The launch of its first all-electric car EQC has suffered a delay due to the nationwide lockdown.
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 …
Tesla slashes EV prices by up to $5,000 in North America and China
Tesla has given its more expensive models, the Model S and the Model X, the biggest price cut, slashing $5,000 off their old purchase price. The Model S Long Range Plus EV is now listed for $74,990 from $79,990, while the Performance version now costs $94,990.
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
Nio Stock Is a Solid Buy After Rough Week
Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.
Boris Johnson has faced down Tory rebellions before, but this one is different
The Dominic Cummings furore can’t be dismissed as Westminster bubble story. And No 10 has made it clear whose side they’re on, says Katy Balls, the Spectator’s deputy political editor
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
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%.
Fortnite Winner Caught Cheating, Stripped Of Prize Money
Sekosama, the winner of the Asian leg of the The Fortnite Champion Series (FNCS), has been suspended from the game and had his prize money taken away after he was caught “teaming”, a co-operative act that’s banned in competitive play....
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown
Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE
The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
The Department of Justice is dropping its investigation into three US senators accused of insider trading over stock sales made after they received closed-door briefings on the novel coronavirus.
5 Top Stock Trades for Thursday: TWTR, ZM, TSCO, COST, JWN
Costco Wholesale, Twitter, Nordstrom, Tractor Supply and Zoom Video were our top stock trades on Wednesday. So, let's look at the charts.
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
The Bentley Flying Spur Has The Best Back Seat In The Business
With the Mulsanne ending production, the 2020 Bentley Flying Spur will take over as the UK automaker's flag...
India's Ambani prepares Facebook-backed unit for overseas IPO
Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering
Nvidia AI tech recreates Pacman code from watching it being played
Nvidia says it has developed AI technology which can re-create the code that created Pacman just from watching the game being played.
Heat wave singes North India; Delhi records hottest day in 18 years
Live weather update: According to Kuldeep Srivastava, head of IMD's Regional weather forecasting centre, the last time the mercury touched the 46 degree-mark in New Delhi's Safdarjung was on May 19, 2002
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.
Google will begin reopening its offices starting July 6 with limited capacity
Google will begin reopening its offices starting July 6 with limited capacity, Alphabet and Google CEO Sundar Pichai said on Tuesday.Pichai, in an official blog post, said that the tech giant will beg
Home delivery of essential medicines can be organised in containment zones: Health Ministry
In its 'Guidance note on Provision of Reproductive, Maternal, Newborn, Child, Adolescent Health Plus Nutrition (RMNCAH+N) services during and post COVID-19 pandemic' released on Wednesday, the ministry stressed that critical services for women, children and adolescent should be provided irrespective of their COVID-19 status.
Braddon Northbourne Flats site on the market again, a year after failed sale
The 15,607-square-metre site of the former Northbourne Flats public housing in Braddon will be auctioned next month.
Energy giant SSE sets out a greenprint for clean recovery
Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.
Franklin Templeton mutual fund investors can pick Deloitte over trustees
Unit holders will vote to moneitse the scheme assets.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
Government extends BPCL bid deadline to July 31
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth
‘The biggest driver for economic recovery will be demand revival and consumption
Judge rules property fund to pay costs of dispute over warehouse access
Case concerned access to property on Long Mile Road
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
Africa: Building resilient economies through regional integration
The second Africa Regional Integration Index (ARII 2019) launched by the ECA, AfDB and the AUC, calls for African economies to deepen their integration.
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
McDonald's shares exact date every drive-thru in UK and Ireland will reopen
EXCLUSIVE: The restaurant chain has revealed when hundreds more stores across the UK will reopen to the public - including many branches up north as coronavirus measures are slowly relaxed
Stock markets mixed as China-US tensions return to fore
HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...
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
Actors Equity Association releases list of guidelines for reopening Broadway
The show might go on sooner than we think, but the reopening of the Great White Way comes with a few guidelines that The Actors Equity Association (AEA) will be following when the lights go back
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
What Capitals fans need to know following the NHL's return-to-play news
We've all heard the buzzwords repeated by now --
Google faces antitrust case in India over payments app
The complaint alleges the US tech giant more prominently showcases its Google Pay app inside its Android app store in India, giving it an unfair advantage over apps of competitors which hurts consumers, the source added.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
The Queen reportedly 'has a soft spot for Americans' since meeting Barack Obama, and has even asked if he'll come to the UK for another visit, Business Insider - Business Insider Singapore
Business Insider - Barack and Michelle Obama visited the royal family three times between 2009 and 2016, but they have not returned since leaving office.. Read more at businessinsider.sg
Global stocks mixed on unease over Hong Kong security law
Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.
Exclusive: Google faces antitrust case in India over payments app - sources
India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile ...
Slack threatens Microsoft's entire Office 365 empire: CEO Butterfield
In a different universe where Slack is incredibly successful over the next two years and 98% of knowledge workers use Slack, says CEO Stewart Butterfield
NASA set to resume human spaceflight from US soil with historic SpaceX launch
SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on ...
Google faces antitrust case in India over payments app
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential
Openview – now powered by 2 million homes
The future of free-to-air satellite TV.
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
Wielding Twitter like a weapon: Here's what was really going on when Trump's most outrageous tweet storms took place
On Mother's Day, Trump came close to breaking his all-time record for tweets in a day. Clocking in at 126, it was his third largest tweet storm.
Motorola Moto G Fast teased, claims blazing fast performance with 3GB RAM
Motorola is coming up with another Moto G series phone that seems to be all about performance. The phone appears to be a rebranded Moto G model.
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
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.
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high
A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
Woolworths targets online as shoppers take to food delivery service
Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.
Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
Learning 'how not to lose' will put the Wallabies in a much better place under Dave Rennie
Rennie’s Chiefs and Glasgow Warriors sides were known for running it out of their 22. But they must walk before they run and build the necessary chemistry and skill to execute.
California eases pandemic restrictions; New York Stock Exchange opens
SACRAMENTO, Calif., - California, the most populous U.S. state, took another step toward ending sweeping lockdowns imposed to contain the coronavirus pandemic, allowing barber shops and hair salons in most counties to operate for the first time in more than two months.
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
PM’s Corona Relief Fund crosses Rs4bn mark
Opposition wants parliamentary oversight of fund utililastion; Shahbaz calls for convening CCI meeting.
ICMR removes Rs 4,500 price cap for COVID-19 tests, asks states to negotiate with private labs
The ICMR has said, since the production of indigenous test kits like ELISA which was developed by National Institute of Virology, India is no more solely dependent on imported testing kits.
Geopolitical time bomb ticks under market rally
Rising geopolitical tensions, especially between the US and China, could test the muscular global rally and hopes for a V-shaped economic recovery.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
Montage Resources: Swearing Off Debt Addiction
Current management knows first hand what too much debt can do to a company's survival chances. The EBITDAX ratio of 1.9 will creep upward during the current fis
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.
McDonald's to reopen all UK and Ireland stores in June
Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
KSW returns with lightweight title unification fight on July 11 in Warsaw, Poland
KSW will get back to business starting on July 11 in Poland with a lightweight title unification bout in the main event.
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
UP to bring industry chambers on board for providing jobs to migrants
So far, the state has evacuated more than 2.5 mn stranded workers
US military reportedly making plans for Trump that include a complete Afghanistan withdrawal before the next election
Defense Department officials are reportedly planning to brief President Donald Trump on several options to withdraw all US troops from Afghanistan, including one to pull them out before the 2020 US presidential election in November.
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
Mexican workers in US are sending record money home despite coronavirus-related economic shutdowns
The migrant laborers who staff American meat plants, construction sites and delivery services are working through the pandemic – and sending more funds back home than ever.
Pompeo says Hong Kong no longer warrants special US treatment
US Secretary of State Mike Pompeo says China has undermined Hong Kong's autonomy as the US considers ending favourable tariffs in a blow to its status as a financial hub.
ALL McDonald’s drive-thrus in Suffolk to reopen next week
More than 1,000 McDonald’s drive-thru restaurants, including all sites in Suffolk, will be reopened to the public from next week.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report
Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
'Absolutely no legal authority': Trump's threats to shut down Twitter are 'totally asinine' and reek of censorship, according to legal experts, Business Insider - Business Insider Singapore
Business Insider - Trump has long made unsubstantiated claims that social-media platforms are biased against and "silence" conservative users.. Read more at businessinsider.sg
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
This is also time to nurse economies back to health
GCC showed a level of sophistication in combating COVID-19, but much still needs doing
One in four retail branches to close in Europe as digital interactions mushroom - Kearney
As many as 40,000 bank branches will close across Europe in the next three years, as increasing numbers of customers turn to digital channels, according to a study by consultancy Kearney.
Gold trades with modest losses, holds above $1700 amid escalating US-China tensions
Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com
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.
Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds
The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28.
Aya Hachem: Innocent law student, 19, 'gunned down in business dispute' court hears
Aya Hachem was out on a shopping trip in Blackburn when she was shot in the chest and died. Six people who were charged with the teenagers murder all appeared at court on Wednesday
Food prices in South Africa have spiked – particularly these items
Families in South Africa living on low incomes may be spending 30% more on food than they did two months ago, the Pietermaritzburg Economic Justice and Dignity Group (PEJDG) says.
Energy investment on pace for record decline, IEA analysis says
May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China
Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.
Virus sparks record drop in energy investment: IEA
The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
MLB’s Economic Proposal To Start Season Would Hit Star Players Hardest
MLB's first economic proposal to start the season was a disappointment for the players. Here's the details.
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
EU pledges 40 billion euros for 'just transition' from fossil fuels
BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.
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
French economy making 'cautious' virus lockdown recovery
Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
Sky Sports set to end subscription 'pause' for customers next month
Sky Sports customers who have "paused" their subscription during the coronavirus pandemic are set to be billed from 19 June, if moves to kick off live sport again go ahead as planned
Many Americans say the pandemic changed their spending habits for the better, but experts are skeptical it will last
As state and local economies begin to reopen, Americans will be putting their newfound spending habits to the test.
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
EU proposes $825 billion COVID-19 'Recovery Plan for Europe'
May 27 (UPI) -- The European Union on Wednesday proposed a $825 billion stimulus plan to help stabilize member states amid a recession brought on by the COVID-19 crisis.
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
First-Ever 3D Map of the Heart's Neurons
Scientists have collaborated to build an unprecedented 3D map of the heart's neurons, something that may prove extremely useful in understanding heart attacks and other cardiac conditions in more depth.
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Mexico's auto industry restart gathers steam, Ford still waiting
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
5 important things happening in South Africa today
Confusion after Health Department presentation says Covid-19 hotspots to remain at level 4; government is facing a slew of legal challenges over its lockdown rules; schools are now being targetted by criminals looking to steal personal protection equipment; and Ramaphosa lifts the ban on religious gatherings – with restrictions.
Detroit to Get Mask Factory With Investment From Bangladesh
Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.
Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)
Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]
Amazon provides free COVID-19 health insurance for its sellers
Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements.
TV's longest-running comedies, ranked, Business Insider - Business Insider Singapore
Business Insider - "It's Always Sunny in Philadelphia" was just renewed for a record-breaking 15th season.. Read more at businessinsider.sg
Here’s where Google Pixel Buds are still in stock
Google's Pixel Buds quickly sold out after launch, but the popular truly wireless earbuds are still in stock at some retailers. Here's where.
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
Stripe launches in five new European countries
Expansion, which is being led by Dublin office, means company now in 39 countries
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
New Rochelle, home to NY’s first Covid-19 cluster, slowly reopens for business
The New York suburb of New Rochelle, home to one of the first coronavirus clusters in the US, began to slowly reopen for business on Tuesday.
Columbus McKinnon Corporation's (CMCO) CEO Richard Fleming on Q4 2020 Results - Earnings Call Transcript
Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2020 Results Earnings Conference Call May 27, 2020, 08:00 AM ET Company Participants Deborah Pawlowski - Investor
PML-N lambastes govt for 'allowing sugar export when there was shortage' in country
The opposition party's leaders reiterate demand for prime minister's resignation
Samsung to provide nearly 80% of iPhone 12 OLED displays: Report
Apple is expected to launch four new iPhones under the iPhone 12 series in September or October which would include two premium variants
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
Elon Musk told NASA astronauts' kids ahead of the SpaceX launch, 'We've done everything we can to make sure your dads come back OK'
NASA has estimated a 1-in-276 chance that the astronauts on the SpaceX rocket could die during the company's first crewed mission.
Teens are getting into their dream schools as colleges dip into their waitlists during the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Experts say some students are reluctant to commit to schools, and a drop in enrollment could force schools to dive deep into their waitlists.. Read more at businessinsider.sg
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
12-year-old Jay’Aina Patton develops app to connect children with incarcerated parents
Jay’Aina Patton was just three years old when her father, Antoine Patton fell foul of the law leading to his incarceration for gun possession.
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
Fortnite Winner Caught Cheating, Stripped of Prize Money
Sekosama, the winner of the Asian leg of the The Fortnite Champion Series, has been suspended from the game.
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.
Salford student Aya Hachem was shot dead following 'business dispute between rival tyre firms', court hears
The 19-year-old was an innocent passer-by in a drive-by shooting
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
Stormont should ask Government for Brexit extension, says Mallon
The Infrastructure minister said the last thing Northern Ireland needed was a ‘cliff edge’ departure from the transition arrangements.
Arogya Sanjeevani: Low-cost insurance, but a regular health cover works better
Existing health insurance plans offer far more features and benefits, but come with higher premiums
Kate Middleton is shutting down rumors that she and Meghan Markle fought over bridesmaids' tights before the royal wedding, Business Insider - Business Insider Singapore
Business Insider - A Kensington Palace spokesperson issued a statement condemning the "swathe of inaccuracies and false misrepresentations" in a new Tatler article.. Read more at businessinsider.sg
Air New Zealand opens domestic and regional lounges with limited services
The lounges will be operating “slightly differently to what people are used to”, said the carrier
TV lessons for govt school students in Bihar, parents cite no interaction
According to the parents of several students, a major drawback of this model is that it is non-interactive and the content is basic
Whangarei Finance Company In $945K Settlement With Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.
81% of parents ‘would not have travelled for lockdown emergency childcare’
Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.
CDC: Antibody test results are often wrong and should not be relied on
The CDC says the results of these antibody tests shouldn't be used to make important decisions about re-opening.
A Eurowings plane with just 2 passengers on board was forced to turn around after learning its destination airport was closed due to coronavirus
The flight from Düsseldorf, Germany, to Sardinia, Italy, made it all the way to its destination before it had to turn around.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic
Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.
HP Earnings: HPQ Stock Falls 4% on Weak Q3 Guidance
HP (HPQ) earnings for the tech company's fiscal second quarter of 2020 have HPQ stock falling after-hours Wednesday despite an EPS beat.
Shops reopening 'vital in battle to save Midlands towns'
The reopening of shops has been welcomed by West Midlands Mayor Andy Street, who said it was "vital" for town and city centres.
Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups
SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...
Caveolin binding motif in Na/K-ATPase is required for stem cell differentiation, organogenesis in animals
New findings reveal the importance of the Na/K-ATPase protein in stem cell differentiation and organogenesis, in a study led by scientists at Marshall University that involves the scaffolding function ...
After COVID-19 lockdown, fitness fans reconsider returning to the gym
Like many Canadians, Erin Riediger cancelled her gym membership when the country went into lockdown in March.For the first few days of quarantine, the Winni
Tesla cuts prices by as much as 6per cent in North America to boost demand
BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore
Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg
Prospects for global economic recovery look bleak – Reuters poll
The latest Reuters survey of more than 250 economists over the past few weeks showed that the clouds over the global economic recovery have darkened a
Cardinals RB Kenyan Drake prepares for big workload after David Johnson trade
May 27 (UPI) -- Arizona Cardinals running back Kenyan Drake said he has been working on his body this off-season so he can handle a large workload in 2020.
Gold Price Analysis: Pressed to critical support, break or bounce? – Confluence Detector
Gold has been dropping from the highs amid an upbeat market mood that turned unfavorable for the precious metal. Can it recover? XAU/USD is sitting at
Fashion Girls for Humanity Founders Explore Future of Fashion
The Fashion Girls for Humanity panel at Columbia University covered how the coronavirus crisis is changing how business is done.
How schools will look when they reopen with parents dropping kids off in 'pens'
Schools in Gloucestershire have outlined the steps they're taking as headteachers and staff work out ways of bringing back Year 1 and Year 6 pupils from Monday as lockdown restrictions are eased
SC issues notices to Centre, Assam on plea against delimitation process based on 2001 census
A bench headed by Chief Justice S A Bobde agreed to hear the plea seeking quashing of this year's February 28 order which
First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)
First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
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...
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
FBR to facilitate businessmen in tax matters
Budget proposals sent by the Islamabad Chamber of Commerce and Industry (ICCI) would be given due consideration and they would be helpful in finalising the federal budget for 2020-21, said Federal Boa
The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
China traders buying Hong Kong stocks like never before
History shows mainland buying tends to pick up when Hong Kong shares drop.
Revealed: conservative group fighting to restrict voting tied to powerful dark money network
Honest Elections Project, part of network that pushed supreme court pick Brett Kavanaugh, is now focusing on voting restrictions
Sugar Inquiry Commission didn't highlight NPMC's role in failing to control prices
The commission only held the Sugar Advisory Board responsible for taking any action
Kia Evaluating Bringing ‘Soul’ To The Indian Market – Report
The Kia Soul is offered with two different ICE powertrains in the foreign markets, including a 2.0-litre NA petrol unit, along with a 1.6-litre turbocharged petrol motor
Halfords to reopen 53 stores after physical-distancing trial
Customers allowed in store for first time since UK coronavirus lockdown started on 23 March
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
Two held for swindling Rs 48L through chit fund company
Two persons were arrested for swindling Rs 48 lakh on the pretext of doubling the money within 15 days, police said here on Tuesday. The accused had created a phony chit-fund concern, ‘The Future Company’. They claimed it to be a chain-marketing company which could double
White House press secretary Kayleigh McEnany, who has promoted conspiracy theories about mail-in-voting fraud, voted by mail 11 times over the past 10 years
Like his press secretary, Trump also votes by mail in Florida, despite his false claims about fraud.
Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)
Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]
Zoom says latest update necessary to continue making calls
The Zoom 5.0 update has begun rolling out and is needed to continue with the meetings on platform with GCM encryption.
State hosts forums for businesses planning to reopen
State officials have planned a series of virtual forums this week for the owners and operators businesses that will be allowed to reopen next week as Rhode Island's economic restart continues.
Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%
Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.
Leo Puriset to join JP Morgan
Leo Puri, the former MD and CEO of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia retires in 2021.“[Ms.] Morparia, chairman, south and
PM takes Brexit decisions, Cummings does not give instructions: UK negotiator
LONDON (Reuters) - British Prime Minister Boris Johnson takes the main decisions on Brexit policy and his senior advisor Dominic Cummings does not give instructions on negotiations with the European Union, the UK’s chief negotiator David Frost said on Wednesday.
GBP/USD bears seeking a close below 50-D EMA, Brexit talks loom
GBP/USD is currently trading at 1.2247 and lower on the day so far. The US dollar has picked up a safe-haven bid as geopolitics heats up. Cable has tr
Swiss companies must help pay rent for employees working from home: court
The court made the ruling in a case brought by an employee of an accounting firm, who claimed his company was responsible for part of his rent while he was forced to work from home, Swissinfo
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
US closes probes into 3 senators over their stock trades
Sens. Dianne Feinstein of California, Kelly Loeffler of Georgia and Jim Inhofe of Oklahoma have been informed that the Justice Department has closed investigations into their stock trades.
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Tech selloff weighs on S&P 500, Nasdaq
Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.
Orthodox and Haredi Hasidic Jews in a New York suburb say they're scapegoats in the coronavirus crisis. The 'othering' goes back decades., Business Insider - Business Insider Singapore
Business Insider - More than 90,000 Jews, many of them Orthodox or Haredi Hassidic, call Rockland County home. During times of crisis, they feel the blame.. Read more at businessinsider.sg
Ramatu Aliyu: FCT state minister donates salary for inmates release
Minister of State for Federal Capital Territory (FCT), Hajia Ramatu Aliyu, has channelled her May salary towards the release of five inmates from Kuje prison.
Provisional European F1 calendar leaked; publication expected on Monday
In all probability there will be two Grands Prix of Great Britain in 2020. Formula 1 is scheduled to race the first two weekends of August at the Silverstone circuit. The condition is still that the British government relaxes the quarantine restrictions, but there is good hope for that.
Gov. Cuomo’s controversial order requiring nursing homes to admit COVID-19 patients was reportedly removed from New York’s health website
Gov. Andrew Cuomo’s March 25 order that required nursing homes to admit patients who were suspected to have or had tested positive for COVID-19 has been deleted from the state of New York’s website, Fox News reported Tuesday.
Allu Arjun To Dub In 5 Different Languages For Pushpa! Read Deets Inside!
As per sources close to Pushpa, Allu Arjun is gearing up to dub for the movie in 5 different languages. Yes, you read that right! The Stylish Star is all set to woo the audience with his language skills by dubbing for Pushpa in Malayalam, Hindi, Tamil, Kannada and Telugu.
Murder for money and food in Rangemore
A homeless Bulawayo man allegedly killed an 81-year-old woman from Rangemore before ransacking her home for money and food.
Stormont must ask British government for Brexit extension, says Nichola Mallon
The Stormont executive must ask the British Government to extend the Brexit transition period, a minister has said.
Dundee retailer fully opens to the public for the first time in two months with extensive social distancing measures
A limited number of customers, queue marshals, cleaning stations and warnings not to handle products.
Golden Globes Amends Rules to Accommodate Anthology Series, Censored Foreign-Language Films
Wednesday's announcement comes on the heels of two others by the HFPA in which it tinkered with the rules ahead of its 2021 ceremony.
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures
Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
'Mr. Trump is debasing his office': The famously conservative Wall Street Journal editorial board slammed the president for pushing a Joe Scarborough murder conspiracy theory
President Donald Trump has been pushing a debunked theory that the "Morning Joe" cohost was involved in the 2001 death of a congressional aide.
SAA business rescue practitioners get leave to appeal lay-offs
'If there is no funding, we believe that the best option is a structured wind down, which is a better option than liquidation,' the BRPs said.
The Apprentice's Daniel Elahi's product ads banned for claiming they'd cure coronavirus
Daniel Elahi has had three adverts for his Revival Shots rehydration sachets banned by the Advertising Standards Authority as they implied they'd boost immunity and help cure COVID-19
An 'Avalanche of Evictions' Could Be Bearing Down on America's Renters
EUCLID, Ohio -- The United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new
The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
Election run-offs waste of money, must be rechecked – Diplomatic Consultant
Diplomatic Consultant, Farouk Al- Wahab says Ghana started practicing democracy prematurely and that also accounts for the country being overly democratic.
Silent Hill Returns As Dead By Daylight Expansion
The next major Dead by Daylight expansion will feature content based on the iconic Silent Hill franchise....
Rural Economic Development Minister open to internet being a public utility to increase access
Rural Economic Development Minister Mayam Monsef says she is open to internet access being a public utility to increase rural access.
Administrators rule out mid-June return for SAA flights
Without approval of practitioners, SAA announced its planes would be back in the skies.
2020 Children’s Day: NOA-FCT, BPW urge parents to educate youngsters living with disability on COVID-19 safety measures
A call has been made to Nigerian parents and caregivers in the society to educate children living with disabilities on appropriate measures..
Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report
The latest Financial Stability Report uses 'stress tests' to assess bank resilience.
Dr. Pimple Popper said her 'favorite' pimples to treat are the ones with the biggest pops, Business Insider - Business Insider Singapore
Business Insider - While treating a man with a "mask" of blackheads around his eyes, temples, and forehead, Dr. Sandra Lee said she enjoys tough-yet-satisfying pimples.. Read more at businessinsider.sg
Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure
The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic
The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.
Italy-bound flight returns to Germany due to closed airport
May 27 (UPI) -- A flight that departed from Germany landed at the same airport four hours later because the intended destination hub in Italy was be closed.
ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case
During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore
Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg
Coronavirus effect: UAE residents evicted over Eid, harassed due to unpaid rents
Landlords say they also have cheques to clear and thus must put tenants under pressure
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street
Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
TikTok owner made over R52 billion net profit last year – Report
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
New Jersey Man Charged in Mask Price-Gouging Scheme
Federal prosecutors in New York Tuesday announced the arrest of a New Jersey used car salesman accused of participating in a $45 million scheme to resell respirator masks to the city of New York at wildly inflated prices.
Low-income families are spending more on food since March, says report
Low-income families have increased their spending on food by more than 30% since March when the national Covid-19 lockdown began, writes Ground Up.
Singer Ed Sheeran’s Mother Imogen Shuts Down Her Jewellery Business Amid The Global Pandemic
The world has come to a standstill following the Coronavirus pandemic, which has claimed lives and led to the loss of jobs of many people across the globe. The latest we hear is, English singer and
Boris Johnson vows not to hike income tax, VAT or national insurance and says triple lock on pensions will STAY despite coronavirus bailouts devastating public finances - with 8.4MILLION jobs now furloughed
Standing by Tory tax and pensions pledges today, Boris Johnson told senior MPs: 'We are going to meet all of our manifesto commitments.'
The Trip Aboard Carnival Cruises Stock Will Be Stormy
There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
ICC to discuss tax exemption for 2021 T20 World Cup in India
The International Cricket Council (ICC) will be discussing to postpone this year’s T20 World Cup in Australia to 2022. The decision to have to the tournament in 2022 is due to the fact that they already have an edition scheduled to take place in 2021 in India.
New Google My Business features aim to help SMBs pivot and survive COVID-19
The new tools and capabilities mirror the expanding role of GMB as a gateway to both offline and online services.
The NWSL will host a 'bubble' tournament in Utah, but some of the USWNT's biggest stars might not participate, Business Insider - Business Insider Singapore
Business Insider - The first game of the NWSL's 2020 Challenge Cup kicks off on June 27, and the opening and title games will be broadcast on CBS.. Read more at businessinsider.sg
Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week
Bitcoin has seen a sharp decline in on-chain large transactions. This signals that large spot traders are largely moving to the sidelines.
Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul
A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India
YouTube says removal of China comments 'an error'
YouTube said Tuesday it was investigating the removal of comments critical of the Chinese Communist Party from the video-sharing platform, saying the filtering appeared to be "an error." The comments
Stock indexes rise on optimism of recovery, shrink back
US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained
Trump accuses Twitter of 'interfering in the 2020 Presidential Election' after it fact-checked his false tweets about voting by mail
Earlier in the day, Twitter added links to two of Trump's tweets prompting users to "get the facts" about mail-in ballots.
Virus could cost SA five years of potential output
Reserve Bank ready to step in with a ‘variety of additional tools’.
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
Irish ports recorded pre-Covid dip in traffic levels
Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019
Tesla reduces car prices in North America and China
Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.
Alibaba Records Only 9% Lower Profit Than Amazon But Trails By 4x In Revenue
Data gathered by Learnbonds.com shows that Chinese internet company Alibaba registered 9.3% lower profits compared to United States’ Amazon. The data further shows that there is a significant gap in revenues between the two companies by at least four times for the financial year ending March 31, 2020.
Union Properties’ subsidiary to claim approximately Dh1.5b
The claim is related to construction work that was completed around 10 years ago
The lockdown can hurt ISPs – Depending on the impact in the coming months
The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...
Arena 10 Thonglor to host rent-free market to boost the beau monde
A nightlife destination known for clubs and restaurants in the heart of Thonglor will host a rent-free weekend market next month to help upmarket businesses hurt by COVID-19 Arena 10 will not charge vendors to sell at the market to be set up on...
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
'Time for preparation, not celebration': Senior WHO official warns coronavirus is not defeated and Europe must brace for a deadly second wave this winter
Dr Hans Kluge, European director for the World Health Organisation, has claimed that the pandemic is not over and countries should use the next few months 'for preparation, not celebration'.
Supermarkets ease buying restrictions as excess workers drop off
As supermarkets grapple with balancing out panic-buying with an over-supply of slim margin inventory, sales markdowns will start to pop up on shelves.
Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
Here is what you need to know on Wednesday, May 27: The market mood remains upbeat yet the dollar is attempting to recover after a significant drop on
Aggression can't be taught, it should flow naturally in pacers: Ambrose
One of the things Andy Roberts told to me was to always be aggressive, to always get under the skin of batsmen, says Curtly Ambrose
Mega lockdown puts India's animal spirits to sleep in April
India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
Jayalalithaa’s niece, nephew to inherit assets worth over Rs 900 crore
The judgment comes in the wake of an ordinance passed by Tamil Nadu Governor Banwarilal Purohit for the state government to temporarily take possession of former Tamil Nadu chief minister’s residence and other movable items
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
5 Investment Trends to Profit From a Post-Coronavirus World
A look at some investment themes relevant in the post-COVID-19 world.
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates
Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...
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...
Masks on for earnings conference calls, COVID-19 style
Sneeze shields, contactless drop-offs, and now cloth masks for all employees. The pandemic has changed practices for businesses such as lab giant ALS.
Borough Park businesses are flouting coronavirus shutdown restrictions
A slew of businesses that have reopened in Brooklyn’s Borough Park — some in apparent violation of shutdown orders — are allowing customers to pack their stores as if the coronavirus
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.
It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.
DGP sanctions Rs 69 lakh welfare loan, relief for 69 police personnel
Director General of Police (DGP) Dilbag Singh Tuesday sanctioned welfare loan of more than Rs 69 lakh of 69 police personnel. The assistance has been
Scientific data, logic used for govt's tobacco sales ban decision - Dlamini-Zuma
Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma has submitted the reasons which were taken into account when deciding on regulation 27 that was invoked for the national state of disaster.
ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)
ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]
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.
It looks like Amy Cooper, the white woman in the viral Central Park video, is a liberal. That's important
On Monday around 8am, a white woman named Amy Cooper was walking her dog unleashed in a protected area of New York City’s Central Park, a wooded space called The Ramble.
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
Gov. Jim Justice is West Virginia’s richest man. Over the last three decades, lawsuits over unpaid bills have cost his constellation of companies more than $128 million in judgments and settlements.
Euro economy facing recession as bad as worst forecasts – ECB president
Christine Lagarde says estimates for milder slump ‘out of date’
Homeschool organization says public schools are blocking parents from withdrawing kids
Parents in several states across the country are "shocked" at being told they can't withdraw their children from public school, the largest legal organization for homeschool families in the United States told Fox News.
Locusts threaten cotton crop in the North
CAI writes to Centre seeking quick control measures
Universities and commercial partners team up to develop new COVID -19 test kit
A new COVID -19 test kit, which can detect the presence of the virus in six different individuals simultaneously in under 30 minutes, is one step closer to coming to market following a partnership deal with leading electronic, robotics, and software companies.
Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year
Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.
Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America
It's Supercharger quick-charger is also no longer free for new Model S and X customers.
The rise of digital taxes during a pandemic
This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.
Google faces antitrust case in India over promoting payments app: Report
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said
LCA Tejas joins IAF 18 Squadron today; Air Chief Marshal RKS Bhadauria flies fighter
LCA Tejas IAF(Indian Air Force) News: All you need to know about the newly inducted combat aircraft Tejas. Air Chief Marshal RKS Bhadauria flies fighter jet Tejas in his first solo sortie as IAF chief
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Nursing home residents warned about giving up coronavirus relief funds
Nevada Attorney General Aaron Ford is warning families to be cautious amid reports of nursing homes attempting to take coronavirus relief payments from their residents.
Retail stores allowed to reopen in city of Los Angeles, Garcetti says
Small retail stores in the city of Los Angeles will be allowed to reopen starting Wednesday, Mayor Eric Garcetti announced.
Playing Defense With Cloud Software Stocks
Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.
Virus sparks record drop in energy investment – IEA
The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020
Formula One team McLaren cuts 1,200 jobs, scales back racing wing as coronavirus crisis hit sales
McLaren is a grand name in British racing and the second-oldest team currently on the circuit, trailing only Ferrari in total number of wins.
10 Stocks to Buy as They Ride a Coronavirus Tailwind
These names are either heavily discounted or are actually riding high on the outbreak.
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
Coronavirus impact: Punjab seeks Rs 51,102 crore fiscal stimulus from Centre
A draft memorandum to this effect was approved on Wednesday by the Council of Ministers at a meeting chaired by Chief Minister Amarinder Singh, an official statement said.
Torrent Pharma slips 6% on profit-booking; outlook remains a concern
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
Lorry deaths: 26 arrested in Europe human trafficking probe
Those detained are suspected of being part of a criminal organisation trafficking Vietnamese nationals through Belgium and France to the UK.
Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market
Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market
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
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
'Mother of all sales' predicted for Devon and Cornwall's shops as they reopen
According to experts, there could be the 'mother of all sales' for the next few months
Instagram will let influencers make money off ads on IGTV content, following in the footsteps of YouTube’s revenue-sharing model
Instagram will soon provide influencers with a way to make money off of their content by sharing revenue made from video ads.
Coronavirus pandemic | 18 new COVID-19 cases in Dharavi, count rises to 1,639: BMC
No death due to the deadly infection was reported in Dharavi in the last 24 hours, the official said.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
This Pidilite Industries-promoted stock has rallied over 100% in one month
Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
The Match & Mismatch Of Amazon Buying Self-Driving Unicorn Zoox, As Is Rumored.
Reports surfaced, first in the Wall Street Journal of Amazon being in negotiations to buy Zoox, the self-driving unicorn.
Xi Jinping urges China’s army to prepare for armed combat as Hong Kong protests restart over a new bill that would strip away the city’s freedoms
Chinese President Xi Jinping urged his army to increase its preparedness for “armed combat” as protests in Hong Kong ramp up over a proposed new law that would effectively strip away the city’s autonomy.
'If it goes wrong, it's my fault': Elon Musk is feeling nervous hours before SpaceX's historic mission to launch its first astronauts into space, Business Insider - Business Insider Singapore
Business Insider - "I'm the chief engineer, so I'd just like to say that if it goes right, it's a credit to the SpaceX-NASA team. If it goes wrong, it's my fault.". Read more at businessinsider.sg
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
Torrential rain uproots 50 trees and 40 electricity poles, cuts power supply in Bengaluru
Heavy rains, coupled with thunder, lightning and gusty winds, lashed Bengaluru and the surrounding districts on Tuesday, bringing down dozens of trees, electricity poles and flooding low-lying streets.
Chicago to reopen trading floor with masks
New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.
IEA: Covid-19 crisis causing biggest fall in global energy investment in history
In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in
Oil slips on demand worries, Hong Kong tensions
Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
Boeing set to announce significant US job cuts this week
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
DBKL to keep up inspection of KL Wholesale Market to ensure compliance with Covid-19 mitigation measures
KUALA LUMPUR, May 27 — Kuala Lumpur City Hall (DBKL) will continue to monitor the area around the walls of the Kuala Lumpur Wholesale Market to ensure that no foreigners use it to enter the market. In a statement issued today, DBKL said patrols and surveillance will be carried out to...
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure
Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr
Honor 9X Lite has arrived in Malaysia, priced at RM699 with freebies worth RM219
Honor Malaysia has finally announced the Honor 9X Lite, which is a new budget smartphone that comes with a large 6.5″ display and a 48MP main camera.
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - The exchange between the CNBC hosts lasted around a minute as they lobbed accusations at each other.. Read more at businessinsider.sg
Trump's devoted new press secretary is no different from her predecessors
Kayleigh McEnany offered a straight-faced defence of Trump’s wildest conspiracy theories during a Tuesday briefing
Micron climbs 6% after boosting sales guidance by more than expected
Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.
There’s a Bull Case for Delta in a Bear Market
Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.
Short covering or a catch-up rally? What drove Sensex up 996 points
Among the blue chips, bank and financial stocks were in heavy demand.
Three More Current MARVEL Titles Switched to Digital-Only
Although they may be collected in print someday.
The 2 astronauts flying SpaceX’s new Crew Dragon spaceship explain what it’s like to operate it
Nearly a decade ago, the space shuttle Atlantis landed in Cape Canaveral, Florida, for the last time. Not a single American rocket-and-spaceship system has launched into space since.
Green Cabs in liquidation, jobs cut
Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...
WHO creates foundation to boost funding in coronavirus fight
GENEVA/ZURICH (Reuters) - The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.
Four recruitment firms join hands to help India Inc return to work
India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work
Here’s Why a Lawyer Thinks Russia’s Cryptocurrency Ban is Unconstitutional
Recently, we reported that Russia planned to criminalize the use of cryptocurrency, but one lawyer thinks it may be unconstitutional.
Coronavirus pandemic | COVID-19 death toll in Delhi mounts to 303; highest spike of 792 cases
This is the first time in Delhi that over 700 COVID-19 cases have been reported in a day.
Trump threatens shut down social media platforms after Twitter put a disinformation warning on his false tweets
President Donald Trump threatened to close down social media platforms if they censor conservative voices, after Twitter on Tuesday tagged one of his messages with a fact check warning.
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
'Mr. Trump is debasing his office': The famously conservative Wall Street Journal editorial board slammed the president for pushing a Joe Scarborough murder conspiracy theory, Business Insider - Business Insider Singapore
Business Insider - President Donald Trump has been pushing a debunked theory that the "Morning Joe" cohost was involved in the 2001 death of a congressional aide.. Read more at businessinsider.sg
'We know businesses are hurting': Qld Tourism Minister
Queensland Tourism Minister Kate Jones says it is a delicate balance between health and the economy when dealing with the coronavirus.
Coronavirus: Apprentice star's firm rebuked over Covid-19 ads
Watchdog said Revival Shots had suggested its rehydration sachets could help treat the disease.
Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta
‘Telecom is one industry which is able to maintain its present earnings power
SpaceX set for its most important launch ever as skies, seas threaten delays
SpaceX remains on track for an inaugural NASA astronaut launch that will arguably be the most important single mission in the company’s history, although Florida’s summer weather continues to conspire to delay it. Heavily dependent on Atlantic Ocean weather conditions, skies (and seas) thankfully appear to be clearing up on the home stretch to Crew […]
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
Students likely to get credits for online courses
Bid to salvage academic year hit by COVID
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore
Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg
F1 to have sliding development scale, $145m budget cap from 2021
Formula One's post-coronavirus future took shape on Thursday after racing's governing body, the FIA, ratified several unprecedented measures in the technical and financial regulations.
This Energy Stock Plans to Maintain Its 10%-Yielding Dividend
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
Mexico's auto industry restart gathers steam as lockdown eases
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
Fortitude Budget: More incentives to support employers to hire workers
The Government will ramp up hiring incentives to employers to support them in hiring workers who have gone through eligible traineeship and training schemes, Deputy Prime Minister Heng Swee Keat said yesterday. For one, the hiring incentive that was first introduced under...
Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript
Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P
L&T delivers critical nuclear power plant equipment to global customers during lockdown
The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.
The Apprentice contestant company’s adverts banned for Covid-19 cure claims
Revival Shots, founded by Daniel Elahi, has been reprimanded by the Advertising Standards Authority.
IH reassures parents
Some local students will be headed back to class for the last month of the school year next week, and Interior Health wants to reassure parents who may be nervous.
Road map of post-pandemic Asia may look different
Leading observers on Asia are debating whether nations in the region will consider new approaches to diplomatic and economic engagement.
UK ‘firm’ against extension of Brexit transition period, says chief negotiator
David Frost insisted that Britain is taking the stance to avoid more ‘significant’ payments to the EU.
Vestapace to launch 35 satellites for 5G network in India, eyes commencing operation by 2021
Vestaspace Technologies founder and CEO Arun Kumar Sureban said a beta version of the next-generation satellite constellations is planned for September 2020, besides the launch of a fully operational constellation of satellites in early 2021 into 'Low-Earth-Orbit or Geosynchronous Equatorial Orbit'.
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.
ICC threatens to shift 2021 T20 World Cup from India over tax issues
The Indian board's request for a deadline extension due to the Covid-19 pandemic has been rejected | ESPN.co.uk
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
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
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga
‘Tractors and two wheelers will continue to do well as rural economy is in robust health
Pompeo says Hong Kong is no longer autonomous from China, which could mean the US ends the city's special trade status
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," Pompeo said.
EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus
The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...
SAA administrators see reasonable chance of rescuing the airline
The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19
India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
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
Facebook wallet for Libra digital coins renamed 'Novi'
Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday. The rebranding replaces the original name of "Calibra" for the Facebook digital wallet which would
Gov. Cuomo's controversial order requiring nursing homes to admit COVID-19 patients was reportedly removed from New York's health website, Business Insider - Business Insider Singapore
Business Insider - Cuomo's March 25 order requiring adult care facilities to admit COVID-19-positive patients was apparently deleted, amid more than 5,800 deaths.. Read more at businessinsider.sg
Moto G Pro Launched with Triple rear Camera, Know Price and Features -
Motorola has launched the Moto G Pro by adding a new device to its smartphone segment. The Moto G Pro
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Bank of Montreal (BMO) CEO Darryl White on Q2 2020 Results - Earnings Call Transcript
Bank of Montreal (NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Direct
As politicians in DC condemn China for crackdowns on Hong Kong protests, US police use tear gas on demonstrators in Minneapolis
Tear gas — also known as CS gas — is considered a chemical weapon and is banned in warfare by most countries, including the US.
Orthodox and Haredi Hasidic Jews in a New York suburb say they're scapegoats in the coronavirus crisis. The 'othering' goes back decades.
More than 90,000 Jews, many of them Orthodox or Haredi Hassidic, call Rockland County home. During times of crisis, they feel the blame.
Trump says evidence ties China lab to virus, threatens tariffs
WASHINGTON, May 27 — US President Donald Trump today threatened China with fresh tariffs as he stepped up his attacks on Beijing over the coronavirus crisis, saying he had seen evidence linking a Wuhan lab to the contagion. The diatribe from the Republican incumbent came as data showed the United...
The Apprentice contestant company’s adverts banned for Covid-19 cure claims
Revival Shots, founded by Daniel Elahi, has been reprimanded by the Advertising Standards Authority.
Big job losses in South Africa – Here are the sectors which are the worst affected
The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
Public University staff withdraw labour over salary enhancement woes
Kampala, Uganda | THE INDEPENDENT | Academic staff in Public Universities have resolved to withdraw their labour citing inequalities in the distribution of the 50 billion Shillings provided by the government to enhance their salaries. In April this year, the Ministry of Education released a salary distribution schedule indicating a significant increment in the salaries …
Uber Eats deliverers in Japan involved in accidents as demand surges
Uber Japan Co., which runs the Uber Eats service in Japan, said it will further raise awareness about traffic safety among its delivery workers.
Businesses give up office space in Sydney CBD
The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.
Why US energy CEOs will get big payouts despite oil meltdown
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...
Mangoes, not Covid situation, interest Mayor Bijal Patel
Mayor Bijal Patel miffed when questioned on Covid-19 crisis in city at inauguration of 15-day mango fest at GMDC grounds
Apprentice contestant company's adverts banned over coronavirus cure claims
Revival Shots, founded by former Apprentice contestant Daniel Elahi, has been reprimanded by the Advertising Standards Authority
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19
Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
Meghalaya govt not to defer salary for May
SHILLONG: Meghalaya Government has decided not to impose any salary deferment for the month of May.Informing this on Wednesday, Chief minister, Conrad Sangma said that the government had earlier deferred the salaries due to very less devolution of ta
Floor price issue may not figure on Trai’s radar for at least 2 months amid COVID-19 crisis: Source
This is not an "opportune moment" to address the issue, and in any case, telecom operators are free to take decisions on tariff matters, the senior Trai official said.
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 […]
Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD
However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
EU readies trillion-euro aid plan as virus hammers Latin America
A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday.
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
Thai parliament urged to pass record $60-billion virus stimulus bill
'To get the country back on track...we urgently need the budget of 1.9 trillion baht,' says Thai Prime Minister Prayut Chan-o-cha
Media company Torstar to go private after sale to NordStar Capital in $52M deal
NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
With quarantine norms revised, Indian returnees must be refunded part of their advance by hotels: Centre
India News: NEW DELHI: Indian returnees from abroad who had paid hotels in advance for their 14-day quarantine stay but can now leave after seven days under revis.
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.
Coronavirus outbreak: ICMR removes price cap of Rs 4,500 for COVID-19 tests
The Indian Council of Medical Research has removed the price cap of Rs 4,500 for the real-time polymerase chain reaction (RT-PCR) test used to detect COVID-19, asking states and the Union Territories to negotiate with private labs to fix 'mutually agreeable' rates for the test.
Boris Johnson is tumbling in the polls after ignoring voter demands to sack Cummings for breaking lockdown rules
Johnson is set for more intense scrutiny when he faces Parliament's most senior committee on Wednesday afternoon.
Dundee Michelin boss John Reid appointed National Manufacturing Institute Scotland chief executive
The National Manufacturing Institute Scotland has appointed Michelin Dundee boss John Reid as its chief executive.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
S&P 500 rises on boost from bank shares
S&P 500 rises on boost from bank shares
Buy USDINR; target of 76.00 - 76.20: ICICI Direct
ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.
Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter
Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »
Mkhize clears up level 3 lockdown confusion
Health minister Dr Zweli Mkhize has provided clarity on South Africa’s planned move to level 3 lockdown on 1 June.
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
Vancouver biotech firm AbCellera raises US$105-million as it focuses on COVID-19 research
It is the second financial boost this month for AbCellera, which has partnered with several of the world’s largest drug companies, as well as the U.S. Defense Advanced Research Project Agency
Woman wins $127,000 jackpot using money from making face masks
May 27 (UPI) -- An Oregon woman who took up sewing face masks when she was laid off due to the COVID-19 pandemic said the money from her efforts scored her a $127,000 lottery jackpot.
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
APSPDCL MD promises to revise power bills
Many consumers in Anantapur had complained that their bills were inflated
KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore
Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
Quick Profits from the Push out of Tech
We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).
12-YO Boy Sleeps in Delhi Park for 45 Days, Reunited With Parents by Twitter!
A boy living in Delhi park, two social media users, two IPS officers & parents in Bihar. How internet weaved a heartwarming tale amidst nationwide lockdown
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg
After SEBI's push, companies report financial impact of coronavirus lockdown
SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses
Wonderla gets extension on tax break, as lockdown hits construction
The amusement park operator has obtained a further extension of an entertainment tax exemption from the State government, to cover a period of five years from the date of commercial operations or September 30, 2021, whichever is earlier
South Africa should revisit alcohol regulations: ANC’s Duarte
Deputy secretary-general of the ANC Jessie Duarte says that South Africa should reassess its policy in terms of the regulation of alcohol ‘with or without the Covid-19 threat’.
Dangote, MTN emerge most admired African brands
In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
UK lockdown drives fastest growth in grocery sales for over 25 years
United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
Google Pay Faces Case In India Over Unfair Promotion Of App : Report
The complaint says Google more prominently showcases its payment app inside Android app store in India
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
GBP/USD Price Analysis: Finds some support near 38.2% Fibo./descending channel confluence region
The GBP/USD pair stalled its overnight strong bullish momentum near the 50% Fibonacci level of the 1.2644-1.2076 recent downfall and witnessed a modes
PBOC injects $16.8 billion via reverse repos, keeps rate unchanged
With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.
COVID-19 here to stay till 2021, aggressive testing needed to curb its spread: Health experts
In an interaction with Congress leader Rahul Gandhi, health experts Professor Ashish Jha and Professor Johan Giesecke talked about the COVID-19 pandemic as part of the series being aired on Congress social media channels.
Twitter fact-checks Trump tweet for the first time
Twitter on Tuesday for the first time prompted readers to check the facts in tweets sent by U.S. President Donald Trump, warning that his claims ...
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.
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”
Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020
Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.
Economy may contract by over 40% in Q1: SBI Research
SBI Research estimates the economy will contract by 6.8 per cent in FY21.
New York governor floats infrastructure projects to reboot economy
NEW YORK, May 27 — New York Governor Andrew Cuomo yesterday floated a number of major infrastructure projects to reboot the US economy post-pandemic, saying he would raise the issue at a meeting today with President Donald Trump. “Let's do something creative, let's do it fast. Let's put...
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.
Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity
RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.
GBP/USD Forecast: Holding Support will be Key
The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
Video on Sani Abacha isolation centre aimed at discrediting COVID-19 fight - Ganduje
A statement signed by the commissioner for information, Malam Muhammad Garba, said there was no iota of truth in whatever the video clips attempted to portray.
Virgin Atlantic suitors narrow with clock ticking on rescue
Ailing airline in need of emergency funding.
Forecast: Breezy trade winds to hold through the weekend
Trade winds will strengthen to moderate to locally breezy levels Wednesday and Thursday then hold into next week.
81% of parents ‘would not have travelled for lockdown emergency childcare’
Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.
Biocon gets DCGI nod for CytoSorb device to treat Covid-19 patients
CytoSorb therapy reduces cytokine storm and the inflammatory response in Covid-19 patients through blood purification so that injury to organs may be mitigated or prevented
Videos captured a chaotic scene as people protesting the death of George Floyd clashed with police who deployed tear gas
Police officers on Tuesday evening clashed with hundreds of demonstrators who were protesting the death of a black man who died after a Minneapolis police officer knelt on his neck.
Import of PMDs, e-bikes will require LTA approval
Open spaces such as courtyards and plazas will be designated as public paths later this year, enabling the Land Transport Authority (LTA) to take enforcement action against errant cyclists and personal mobility device (PMD) users in such areas. And LTA's approval will be...
Trump says he will announce 'very interesting' reaction on Hong Kong tensions
WASHINGTON: President Donald Trump said on Tuesday (May 26) he will give a "very interesting" response within days to China's threat to tighten ...
As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses
Google will start letting restaurants specify a preferred online ordering method in Google Maps listings as eateries grapple with delivery app fees.
Over a third of Indian women don't own gold but want to buy it: WGC survey
60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
'If it goes wrong, it's my fault': Elon Musk is feeling nervous hours before SpaceX's historic mission to launch its first astronauts into space
"I'm the chief engineer, so I'd just like to say that if it goes right, it's a credit to the SpaceX-NASA team. If it goes wrong, it's my fault."
Recruitment resumes at Kainos as Belfast IT firm reassesses the scale of new HQ
RECRUITMENT has resumed at IT services firm Kainos, its chief executive has said.
Covid to accelerate rebound in small cars, rural market: Maruti
Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
Xiaomi Smart Lock E achieves 1000% crowdfunding target in just 30 minutes
A few days ago, Xiaomi launched its new Smart Lock E for crowdfunding in China for a price of 899 yuan, which is roughly $126. While the company successfully completed the target, how it did is interesting. As per the report, the Xiaomi Smart Lock E managed to exceed the crowdfunding target by 1000 percent …
Boeing cutting more than 12,000 jobs with layoffs, buyouts
The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo
Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D
Johnny Ronan plans boutique hotel after paying €3.8m for Dublin docklands houses
Terrace at 34-38 Upper Mayor Street located beside Ronan Group's Project Waterfront site
150,000 seafarers sign virtual global petition on crew stagnation
There is an ongoing global petition aiming to draw the attention of the general public to the problems of over 150,000 seafarers that cannot leave
Warner IPO music to Blavatnik’s ears
Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.
Instagram brings commercials to IGTV to lure influencers
Instagram's IGTV is getting commercials and the company plans to share revenue.
Travel group says Australia-New Zealand bubble could open in September
A travel industry group working to establish a 'Trans-Tasman bubble' says it will present a plan to both governments early next month and eyes flights resuming as early as September.
NZD/USD remains on hunt for break above 0.62 after China Industrial Profits data
NZD/USD is eyeing a clear break above the psychological hurdle of 0.62, having found bids near 0.6179 in early Asia and violated the resistance of the
Rally in bank stocks purely a function of F&O expiry: Sana Securities
‘It seems to be some kind of herd mentality and that could be one reason for todays move
HBO Max is here to take on Netflix. Is it too late?
AT&T’s streaming platform goes live on May 27. At $15 a month, it’s more expensive than its rivals and comes at a time when household income is dropping.
Jawaharlal Nehru's Death Anniversary: 10 quotes, messages by India's first Prime Minister; PM Modi pays tribute
Jawaharlal Nehru death anniversary: Inspirational quotes, messages; PM Narendra Modi this morning paid tribute to India's first Prime Minister Pandit Jawaharlal Nehru on his 56th death anniversary
Stock markets mixed as China-US tensions return to fore
Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.
Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)
Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]
Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%
UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
Ardern And Peters Both Untrustworthy On Level 1, Kiwis Paying The Price
“Neither the Prime Minister nor the Deputy Prime Minister can be trusted on the issue of Alert Level 1 and Kiwis are paying the price,” according to ACT Leader David Seymour.
The price of Twitter’s ‘fact-check’ on President Trump
After President Trump’s fevered conspiracy tweets about Joe Scarborough’s former intern Lori Klausutis, her widower, T.J. Klausutis, begged the company to delete them. It was a heartbreaking plea
Apple rolls out macOS Catalina 10.15.5 update with battery health optimisations for MacBooks
The macOS Catalina 10.15.5 update is available to download in India now.
Realme X50T 5G Spotted: Realme Is Flooding The Market! - Gizchina.com
Realme X50T is an upcoming fiveth member of X50 series, Realme just won't stop flooding the market by launching slightly improved phones every now and then.
EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis
The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.
Wyndham welcomes 11 new-build US properties in first quarter
Over 25 new-build hotels were also signed over the same period, and another ten began construction…
Bitstamp Unveils British Pound Trading vs Fiat and Cryptocurrencies
Bitstamp, one of the largest crypto platforms in Europe, has announced its plans of supporting a new set of digital assets after adding the pound sterling trading .
Watch: Ian Bishop on why India’s current bowling unit reminds him of West Indies’ legendary attack
Bishop compared the current Indian pace bowling attack to intimidating Caribbean bowlers of the past.
NHL restart plan makes dollars and sense
There remain as many questions as answers as the NHL unveiled its return-to-play plan Tuesday, but give the league credit: Amid the COVID-19 pandemic, a road map is in place.
Call to avert domino-effect collapse of energy retailers
The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
UK commits new funding to combat space debris
New government funding for innovative solutions to tackle the growing problem of potentially hazardous space debris, has been announced by the UK Space Agency.
Motorola Moto G Pro launched with 48 MP triple-camera setup and a Stylus: Everything you need to know
The Moto G Pro is priced at EUR 329 (Roughly Rs 27,300) and is only available in a 4GB RAM and 128GB storage model.
Amtrak requests additional $1.5B in federal funding for coronavirus relief
May 26 (UPI) -- Passenger railroad service Amtrak on Tuesday asked Congress for an additional $1.5 billion in federal funds to help it maintain operations amid the effects of the COVID-19 pandemic.
The places in Wales which have received the most money from Welsh Government business grants during coronavirus crisis
£639m has been given to businesses in Wales
Kate Middleton is shutting down rumors that she and Meghan Markle fought over bridesmaids’ tights before the royal wedding
Kate Middleton has shut down a Tatler article that claims she and Meghan Markle had a fight over bridesmaids’ tights before the royal wedding.
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.
When Is A Capital Gain Capital Consumption
There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
Billion-dollar fines won’t change Big Tech
It’s time authorities everywhere clamped strict rules on Facebook, Google use of data
Samsung Galaxy M01, Galaxy M11 get listed, prices leak ahead of launch
The two phones have reportedly been listed on the company's Indian website, thus hinting at an imminent launch.
France unveils US$8.8b plan to revive auto sector through electric cars
ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...
Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio
Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.
Administrators deny South African Airways set to start flying
South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...
Oil slides on US-China tensions, doubts about Russian output cuts
The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
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.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors, Business Insider - Business Insider Singapore
Business Insider - India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.. Read more at businessinsider.sg
Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region
Analysts are noting that Bitcoin's HTF outlook favors sellers, with one even noting that the crypto could soon be trading within the $5,000 region.
US Dollar Index treading water above 99.00
The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r
Kerala launches BevQ app ahead of reopening liquor sales
The liquor stores in Kerala will remain open from 9:00 am to 5:00 pm; bookings on the BevQ app have been allowed from 6:00 am to 10:00 pm
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.
New Finas chairman Zakaria Abdul Hamid says lack of exposure to film and TV industry not a hindrance
KUALA LUMPUR, MAY 27 — The new chairman of the National Film Development Corporation Malaysia (Finas) Zakaria Abdul Hamid said his lack of exposure to the industry is no obstacle to handling the responsibility that he has been entrusted with. He said although he did not have any background in the...
Intel Remains A Blue-Chip Stock to Buy Post-Pandemic
Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.
Covid-19 fallout: Lower capex by states to weigh on EPC sector
As a result of the disruption caused by Covid-19, States staring at huge revenue deficits could reduce capital expenditure, thereby impacting the engineering, procurement and construction (EPC) sector
Swarms of desert locusts threaten India’s summer crops
NEW DELHI (AP) — An invasion by swarms of desert locusts has devastated crops in India's heartland, threatening an already vulnerable region that is struggling with the economic cost of...
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
T-Mobile is getting three new budget phones this summer, and two have styluses
Three new budget phones are headed to the carriers of the New T-Mobile — two of them with styluses. You'll be able to get a couple of them from
G R Chintala takes over as NABARD chairman
Chintala replaces H K Bhanwala, who headed the organisation for more than six years.
Stocks - Europe Pushes Higher, Expecting More Stimulus
Stocks - Europe Pushes Higher, Expecting More Stimulus
Apple to reopen about 100 stores in US, most with curbside pickup
CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...
Betis offer five million euros for Traore
The fight between Sevilla and Betis for Hamari Traore's signing could be won by the latter. 'Los Verdiblancos' have apparently offered Rennes 4.8 million euros for him.
Children of asylum seekers challenge with home learning
SINCE the Covid-19 has spurred both the UK government and Northern Ireland executive to shut down schools in March 2020 to slow down the rise of infections, schools, on the other hand, have also come up with homework packs via online learning to keep up the knowledge.
After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus
Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.
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.
Surge of financial aid has HALO service ‘optimistic’ about short-term future
Air ambulance organizations in Alberta depend on donations, but charities are suffering after the novel coronavirus pandemic iced the global economy
Training offered through Commonwealth Games scheme
A scheme to improve people's skills to help them land jobs created by the upcoming Commonwealth Games has launched.
Global energy investment to drop by $400bn
An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.
NDDC's 2019 budget padded by NASS with 500 non-existing projects - MD
NDDC's acting MD, Kemebradikumo Pondei, claimed that the agency's budget in 2019 was paddled with about 500 invisible projects by the National Assembly (NASS).
Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier
A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.
Xi Jinping urges China's army to prepare for armed combat as Hong Kong protests restart over a new bill that would strip away the city's freedoms
China is expected to pass controversial national security laws for Hong Kong on Thursday, prompting renewed protests in the city.
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
Companies Act amended to make PM CARES Fund eligible for CSR contributions
Until now, only the Prime Minister's National Relief Fund was eligible to receive CSR funding.
India makes source code of contact-tracing app public
India said on Tuesday it was making public the source code of its coronavirus contact-tracing app Aarogya Setu for Google's Android smartphones, ...
SAT test now optional for US university admissions; Indian test-prep institutes feel the heat
For students, especially from non-native English speaking nations, the SAT is used to test the ability to read and comprehend university-level programmes
Interest on loans: SC issues notice to Centre, RBI
The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has
LFC want Timo Werner, but won’t pay £48M & plan to haggle price down – Bild
Liverpool do want to sign Timo Werner before the start of next season, whenever that is, but are not willing to simply trigger the £48m release-clause in order to make it happen. This is according …
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
Vadodara civic body announces 10% property tax rebate to tide over crisis
Deputy Municipal Commissioner SK Patel said the move is to benefit both the VMC and the citizens. "We are planning to make use of social media and newspapers to ensure that the message about the rebate reaches the people. Property tax is one of our biggest incomes," he said.
When returning to work means staying local
As businesses reopen and get their staff back into the workplace, some employees and firms are deciding to switch the city for the suburbs.
USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range
USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows
Majority of US small businesses optimistic in face of coronavirus pandemic, study says
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens
A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.
Big news for Pauw's Ireland as three remaining Euro qualifiers set for later this year
The Girls in Green will face Germany in September and December, and Ukraine in October.
Funding announced for pair of North Delta salmon conservation projects
Grants for Cougar Creek-related works by Burns Bog Conservation Society, Cougar Creek Streamkeepers
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
$20 trillion recession to come? Impact of Coronavirus on the world economy
Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.
Natural Gas Price: Cautiously positive
CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl
Peter Andre responds to Katie Price split heartache by announcing baby plans
Katie Price opened up about her agony over her split from first husband Peter Andre as he announced plans to start trying for another baby with wife Emily
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
US DOJ closing insider trading probes into three senators, reports WSJ
WASHINGTON, May 27 — The US Department of Justice is closing probes into three US senators over stock trades made shortly before the coronavirus market turmoil, the Wall Street Journal reported yesterday, citing people familiar with the matter. The three senators include Republicans Kelly...
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
Companies like NAB and Westpac confirm hot desking is out as they begin returning employees to the office
The finance sector has rolled out measures for workers as they gradually return to the office.
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
Elon Musk told NASA astronauts' kids ahead of the SpaceX launch, 'We've done everything we can to make sure your dads come back OK', Business Insider - Business Insider Singapore
Business Insider - NASA has estimated a 1-in-276 chance that the astronauts on the SpaceX rocket could die during the company's first crewed mission.. Read more at businessinsider.sg
Gold: On the verge of losing the $1700 level
Gold pulled back on Tuesday as the risk theme turned positive and equities rose. The price moves lower toward $1700, FXStreet’s analyst Rajan Dhall re
If plans fructify, NHPC will become world’s largest floating solar company
So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major prop
French Foreign Minister Jean-Yves Le Drian Says Resumed Brexit Talks are 'Going Badly'
Chief Negotiator Michel Barnier wrote to opposition leaders on Wednesday reminding them that the EU was open to an extension of up to two years to get a deal signed – a...
Canada Learning Code has a digital literacy goal amid the pandemic
The Canada Learning Code organization transition to online learning has motivated it to deliver 10 million learning experiences by 2027.
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.
Banks plan for arrears; retailers push to open; and watchdog counts Covid cost
Business Today: the best news, analysis and comment from The Irish Times business desk
Arabian Sea to soon host twin low-pressure areas
Monsoon building in right earnest
Top executives of Exim Bank 'threatened', National Bank director, brother charged
A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death.
Videos capture a chaotic scene as people protesting the death of George Floyd clash with police who deployed tear gas, Business Insider - Business Insider Singapore
Business Insider - The conflict escalated as some protesters threw rocks and officers wearing riot gear deployed tear gas and flash grenades to disperse the crowds.. Read more at businessinsider.sg
Government to seek quicker delivery of broadband plan
The Minister for Communications has said he has asked his officials to examine the feasibility of accelerating the roll out of the National Broadband Plan.
GHMC collects Rs 331 cr property tax so far
Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings
Coronavirus lockdown: JSW Sports, owners of IPL and PKL teams, see 30% impact on business in 2020
The impact of not having IPL this year will be big as the league is a massive P&L (profit and loss statement) for the company, said the JSW Sports CEO
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
ANU cops $225 million financial hit due to coronavirus crisis
The Australian National University will look to find $100 million in savings this year.
Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension
Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti
States tighten locust control measures as pest gives Delhi a miss for now
Govt asserts desert locusts have not impacted rabi crops and efforts are on to eliminate the insects before monsoon in order to save kharif
Businessman splurges on lamborghini, 2 jeeps and 2 porsches
A businessman from Joburg left social media users' tongues wagging when he shared a video showing off his new luxury vehicles. He bought 5 cars in one day.
B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group
Only B.C.’s social, health and corrections workers are eligible for top-ups
Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report
When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
BC Ferries losing up to $1.5 million each day as pandemic tanks ridership
The company does not qualify for the wage subsidy
Government has no choice, must listen to wise counsel: Chidambaram
India Business News: The Congress, after rejecting the govt's economic package announced to revive the economy, has said that sooner than later the govt will accept the su
Kilkenny-based Entegro creates 50 jobs from broadband contract
Telecoms company will design fibre optic networks for National Broadband Plan
Rapid coronavirus test closer to market thanks to industry partnership
The portable testing device can carry out six highly accurate tests every 30 minutes, and quickly determine if someone has Covid-19.
Effigies of government figure and businessman hung on Salford bridge below coronavirus protest banner slammed as ‘unacceptable’
'I am all for people making a political point, but in a democracy that has to be done in a way that respects the rights of others and the sanctity of life'
Some South Coast towns are still on temporary networks, but funding has been allocated for upgrades and resilience
RFS control centres on the South Coast will be among the 2000 locations to receive satellite connection to Sky Muster under federal funding
A Lake of the Ozarks bar defended hosting a packed pool party, saying that social distancing isn't the law and that it checked everyone's temperature, Business Insider - Business Insider Singapore
Business Insider - The owner of Backwater Jack's bar at Lake of the Ozarks responded to criticism of his pool party, saying social distancing isn't enforceable.. Read more at businessinsider.sg
G20 finance projects give $77b a year to fossil fuels: Watchdog
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
France expects economic slow-down by 20% in Q2
French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher., Business Insider - Business Insider Singapore
Business Insider - It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.. Read more at businessinsider.sg
Pelosi says Trump’s push for in-person convention is just an ego trip
House Speaker Nancy Pelosi on Wednesday took a jab at President Donald Trump’s hopes to have an in-person Republican Party convention this summer, saying...
Crisis causes a rethink on CBD office space
Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,
OnePlus 5, OnePlus 5T get Android 10-based OxygenOS update: Here are all the new features
OnePlus has announced the roll-out of Android 10-based OxygenOS updates to these devices in line with its past promise. With the update, the phones now get a host of new features.
Pandemic kills off GSFM volatility fund
The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
Buy Carrier Global As Potential Asset Sales Will Reduce Debt
Recent trading multiple compression due to the coronavirus. Potential asset sales to reduce indebtedness. Strong trends in the residential HVAC replacement cycl
Editorial: Get money where it’s needed, ASAP | Honolulu Star-Advertiser
The Legislature is in another recess for the next few weeks, but it had better be a working recess. One in which the work is going to be pretty hard, because there are so many problems to solve, stemming from the COVID-19 pandemic and economic crisis.
COVID-19 response: DIFC to gradually reopen businesses from Wednesday
Offices and retail outlets will operate with certain restrictions and health protocols
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic
Tesla has slashed pricing for its Model 3, Model X, and Model S models as the coronavirus pandemic ravages US car sales, as Reuters reports.
India’s tourism ministry extends validity period for hotels and travel agents
The validity period of approval or certification of hotels and other accommodation units has been extended until June 30, and six months’ relaxation for all travel agents…
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
Eurovision: Europe Shine A Light watched by 70 million spectators
Eurovision news: Over 70 million viewers across Europe and Australia watched the alternate ESC special- Eurovision: Europe Shine A Light on Saturday 16 May. The 2020
B2W - Gain Exposure To The Brazilian Online Retail Sector
Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects
Harland & Wolff joins forces with Navantia to form new defence challenger
HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
Presses start rolling as weekly newspapers prepare to publish again
THE Mourne Observer will be available again in newsagents' shops this morning, heralding a return to the shelves of a number of weekly newspapers which were temporarily shut during the coronavirus pandemic.
Covid-19: ICMR removes Rs 4,500 price cap for tests, states free to fix cost now
The decision was taken due to availability of indigenous testing kits and other supplies in India now.
UK economy faces 5% annual deficit by 2024, say economists
Survey forecasts coronavirus undermining Britain’s public finances until next election
US lawmaker wants insurers, govt to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...
Instagram will let influencers make money off ads on IGTV content, following in the footsteps of YouTube's revenue-sharing model, Business Insider - Business Insider Singapore
Business Insider - Instagram will reportedly share with creators 55% of the ad revenue they generate — the same amount YouTube offers with its ad revenue-sharing model.. Read more at businessinsider.sg
Standard Chartered Names Lay Choo Ong as Head of Retail Banking Hong Kong
Standard Chartered Bank Hong Kong announced today it has appointed Lay Choo Ong as the new head of retail banking, Hong Kong.
Medical masks, gloves, PPE makers pitch for resumption of exports
Exporters want to attract buyers from US, Europe who are moving away from China
World economic prospects darken, rebound delayed: Reuters poll
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...
No wonder the betting industry keeps gambling with lives like my father's when they are only fined a pittance, writes campaigner ADAM BRADFORD
ADAM BRADFORD: The death of 25-year-old Chris Bruney (pictured), an electrical engineer with a good career and his whole life ahead of him, will seem inexplicable to many people.
Illicit drug trade thrives in Bangladesh amid coronavirus pandemic
The coronavirus pandemic has stopped the world in its tracks, but drug traders in Bangladesh enjoy a booming business.
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
India coronavirus dispatch: 'Infodemic' is as dangerous as the virus itself
From Kerala's smart testing and community care, to hospitals putting off elective surgeries, and the progress with solidarity trials so far - read these and more in today's India dispatch
News Corp to cut hundreds of jobs in restructure
News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.
Regional pubs snapped up as industry prepares to reopen
The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.
Security tight as Hong Kong set to debate China national anthem bill
HONG KONG — Hundreds of riot police took up posts in and around Hong Kong’s financial district on Wednesday ahead of a debate at the city’s Legislative Council over a bill that would criminalize disrespect of China’s national anthem.
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
Commentary: Multibillion-dollar wizards – how COVID-19 is exposing what’s behind the curtain
Platform giants should be thriving where the coronavirus have pushed consumers and merchants to embrace e-commerce, yet many are laying off staff, ...
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore
Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg
Working at the pace of change
Following the launch of tech firm TSG’s online portal to help Jersey’s care organisations order desperately needed PPE equipment quickly and easily, Ian Heath spoke to Andy Delaney about his team’s effort in the battle against the coronavirus pandemic
Two-thirds of businessmen say cyber crime could occur more during Covid-19 than before: Survey
The CrowdStrike Work Security Index has said that there was a 100x increase in Covid-19 themed malicious files between February and March.A total of 4,048 senior decision-makers in India, Australia, F
Scott Disick and Sofia Richie have reportedly broken up after 3 years of dating, Business Insider - Business Insider Singapore
Business Insider - The 37-year-old "Flip It Like Disick" star and the 21-year-old model have reportedly split but remain in touch.. Read more at businessinsider.sg
MPA, NATO Ask Congress for Temporary Liability Relief as Businesses Reopen
The letter, sent by the U.S. Chamber of Commerce and signed by over 200 trade and business groups, calls for Congress "to quickly enact temporary and targeted liability relief legislation related to the COVID-19 pandemic."
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
BMO profits slide
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Hotel owner Accor cuts 800 jobs in Middle East and Africa
Positive signs are starting to appear in the UAE and Saudi Arabia, says CEO
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
The right economic response to the COVID-19 crisis
Extraordinary measures are needed.
Americas will be hardest hit by Covid-19 job losses, says ILO
GENEVA, May 27 — The Americas will bear the brunt of an estimated 305 million job losses that the Covid-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said today. The outbreak also risks creating a “lockdown generation” of young people...
After decade of work, Victoria firm submits lupus drug to FDA for approval
Victoria pharmaceutical firm Aurinia is one step closer to bringing to market its treatment for lupus nephritis after submitting a new drug application to the Food and Drug Administration in the . . .
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Boris Johnson is tumbling in the polls after ignoring voter demands to sack Cummings for breaking lockdown rules
The British public is quickly turning on Boris Johnson as the UK prime minister refuses to sack chief adviser Dominic Cummings for breaking the coronavirus lockdown during a 260-mile trip from London to Durham.
China ready for looming financial war initiated by US
China should prepare for a potential financial showdown with the US, as the Trump administration appears to be waging a financial war on China, with crackdowns on US-listed Chinese companies and threats of sanctions over national security legislation for the Hong Kong Special Administrative Region (HKSAR), financial sector experts said on Thursday.
Not The First Time: Uttarakhand Returns As The Venue For Communist Nepal’s Territorial Assertion
Dispute with the Communists of Nepal is not new for governments and people in Uttarakhand. Here is a brief recap.
Asian markets in retreat as China-US tensions return to fore
Markets are concerned about another flare-up in Hong Kong on a controversial security law
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
Elon Musk: Space entrepreneur’s race to Mars
Where did Musk’s obsession with Mars come from and how are current plans progressing?
Former Florida K-9 deputy arrested for illegally buying, possessing Oxycodone
A former Hardee County Sheriff's Office sergeant ended up in jail for allegedly buying Oxycodone pills without a prescription.
Panel’s mantra of ease of doing business
NT NETWORK Panaji With the tight financial position of the state practically ruling out any kind of relief package, the economic revival committee in its
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
TikTok parent ByteDance 'clocks up €2.7bn in profit' on lip-synch craze
TikTok’s parent ByteDance generated more than $3bn (€2.7bn) of net profit on over $17bn in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate.
Steep US stock correlations show virus’s impact on markets
S&P 500 three-month realised correlation elevated despite VIX slump.
2021 BMW 545e plug-in hybrid Not Coming to US Market
The all-new BMW 545e PHEV, as part of the new 5 Series LCI facelift, won't be coming to the US market, only the 530e will be.
LivePerson Stock Is Ready To Go 'Live'
LivePerson has been undervalued due to lower-than-expected growth and lack of profitability. It is beginning to turn the ship around and become profitable and h
Republicans cast doubt on future of House bills passed by proxy
Republicans warned on Wednesday that legislation passed by the Democratic-controlled U.S. House of Representatives during the coronavirus pandemic may not become law if lawmakers are allowed to cast votes remotely under a new voting system. A day after filing a federal lawsuit to overturn rules allowing
Lockdown impact: NHAI to extend contract for private highway developers
25% average toll collection loss to get one-day extension
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...
Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts
Gold Futures: Downside seen shallow
Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.
Beyond coronavirus: Dubai residents welcome the new normal as businesses reopen
A relieved lot, they say vigilance and caution will have to continue
Stranded overseas, Chinese vent anger on aviation regulator
Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China's ...
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.
Almost 750,000 drivers had motors MOT'd in April despite lockdown and six-month test exemption during pandemic, DVSA reveals
Motorists were urged to not use their cars as part of stricter lockdown rules in April, with only front-line and essential workers allowed to continue driving and have vehicles MOT tested.
Lashify Brings Alleged Knockoff Manufacturer to Court in China
The brand claims Hollyren, one of the biggest Chinese manufacturers of eyelash products, is making unauthorized reproductions of its patented products.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Lufthansa supervisory board unable to approve bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Blue Dart: Muted volumes, revenues amid high costs to weigh on margins
Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore
Trump urges House Republicans to reject FISA renewal bill
President Donald Trump called on House Republicans to reject pending legislation that would renew a set of domestic surveillance powers that lapsed two...
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Royal Bank of Canada (RY) CEO David McKay on Q2 2020 Results - Earnings Call Transcript
Call Start: 08:15 Call End: 09:23 Royal Bank of Canada (NYSE:RY) Q2 2020 Earnings Conference Call May 27, 2020 08:15 AM ET Company Participants Nadine Ahn - Sen
Blanket ban on recovery impractical, say bankers
India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
LG Velvet Arrives To Europe, May Launch In The US Next Month
The LG Velvet has arrived in Europe with a June 2020 release. It may also launch in the US next month. Pricing details are unknown at the moment.
Google Rolls Out New Tools To Help Businesses Get Support From Customers
Google has launched a new feature for businesses to get help from customers as the pandemic takes its toll.
Renault and Nissan deepen cooperation in bid for survival
TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...
Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities
SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...
Redmi Earbuds S will be Available for Sale Today with an Affordable Price -
The demand for true wireless earbuds in the market is constantly increasing and in view of the demand from the
Driver high on drugs fatally hits 4-year-old girl in Brentwood, police say
A 4-year-old girl was hit by a car and killed by a driver Suffolk County police say was on drugs.
Turkish Airlines may delay delivery of Airbus, Boeing planes: Report
Turkish Airlines , which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing ...
Commentary: More action needed to bolster economy — and quickly
A dollar spent on speeding our recovery today will pay off with dividends across the decades to come.
EUR/CHF Price Analysis: Euro limited below trendline resistance at 1.0700
EUR/CHF fails at 1.0700 and returns to 1.0650 area. The euro has been capped by downward trendline resistance from April 2019 highs. Euro rally from
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.
Aarogya Setu is now open source; govt announces reward for finding security flaws
The National Informatics Centre has also announced the bug bounty programme for developers who can find vulnerabilities in the app
Canada investigating alleged dumping of steel imports from five countries
Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers
Police called to shut down party at disused industrial unit in Gorton
The revellers left the building after officers spoke with them
IN DETAIL: Executive order on financial autonomy for state judiciary, legislature
Last Friday, President Muhammadu Buhari signed an executive order granting financial autonomy to the judiciary and legislature in the 36 states of Nigeria. The president is empowered by section 5
Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore
Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg
Covid-19: Cuepacs wants depot staff welfare to be prioritised
KUALA LUMPUR, May 27 — The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has urged the government to provide sufficient personal protective equipment (PPE) to all Immigration Detention Depot (DTI) personnel to prevent the risk of Covid-19 infection. Cuepacs president...
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
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
Jakarta likely to be ready for 'new normal' phase after Jun 4, says coordinating minister for economy
JAKARTA: Jakarta will likely be able to enter a ”new normal” phase after Jun 4, the last day of COVID-19 curbs known in Indonesia as large-scale ...
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Zoox hinted it's had interest from multiple buyers.
DA denies money woes as it plans to cut jobs
The DA is pushing ahead with its plans to retrench staff, but has denied it is facing financial trouble.
Betaal Director Patrick Graham: “There’s A Bit Of A Gap In The Market For Good, Mature & Honest Horror In India”
Patrick Graham feels every single village in India has its "own spook" story -- waiting to be told. The writer-director, who has captured bits from the mythological world with "Ghoul" and now "Betaa
Ola Electric to launch global electric two-wheeler; buys dutch scooter firm
Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW
CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism
Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore
Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg
7 Cheap Stocks to Buy With Great Potential
In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.
Reserve Bank paints sobering picture of SA financial (in)stability
The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
'Starting point': EU's frugal members cool on recovery plan
Austria, the Netherlands, Denmark, and Sweden want emergency help for countries badly hit by the coronavirus to take the form of one-off loans
McGuinness says Ireland will “fight for its fair share” of EU recovery fund
Ireland’s Vice President of the European Parliament has insisted the country will “fight for ...
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…
US revokes Hong Kong special status as furor grows on China law
The US law says that Hong Kong would lose the trading advantages, including lower tariffs, that it enjoys with the world's largest economy.
Apple to reopen about 100 US stores, most with curbside pickup
Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore
Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg
Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal
Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th
10 of the most inspirational second careers of professional athletes
We hear the phrase “second act” a lot in regards to athletes. Almost all of them retire before they’ve even hit middle age – they have decades left to do something productive with the money they’ve made and the fame they’ve accrued.
US dollar edges higher as US, China worries resurface
TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...
Used car sales recover after COVID-19 lockdowns
Many wholesalers either weren’t trading-in cars, or were making low offers amid market uncertainty, but the used market is now showing signs of recovery.
AT&T Stock Jumps 3% on HBO Max Launch
AT&T (T) stock is getting a boost Wednesday following the launch of HBO Max, which is the company's new premium streaming service.
New York governor meets with Trump to push for infrastructure investment
WASHINGTON (Reuters) - New York Governor Andrew Cuomo met President Donald Trump on Wednesday to press for investment in the nation’s roads, bridges and railways as U.S. states begin to reopen after the coronavirus outbreak left the economy in tatters.
Parents still not happy with South Gloucestershire SEND services - two years after damning report
"Too many children and young people with SEND are not achieving their full potential.”
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
George Floyd’s relatives say he was ‘everyone’s favorite everything’ as they call for police officers fired over his death to face murder charges
Relatives of George Floyd call him “everyone’s favorite everything.”
Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor
The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.
More than 17,000 parked planes: Visualizing the pandemic’s impact on air travel
The coronavirus pandemic has brought commercial air travel to a near standstill, and the empty skies mean airlines around the world are facing some tough questions about how long their planes will be parked and what a longer interruption to air travel could mean for the industry as a whole.
Gold Price News and Forecast: XAU/USD returns to $1,712 and turns positive on the day
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1,712 ar
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
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
Aussies are heading back to shopping centres in high numbers as coronavirus restrictions start to ease, according to new data
More people are heading into shopping centres as coronavirus restrictions ease in Australia.
Greensill drops libel suit against Reuters over bond story
Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement ...
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
North Dublin lands with residential potential on sale for €450,000
Swords Road holding of 5.4 acre sits close to housing just off M1
Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more
Here are the top 10 business headlines on Wednesday morning
Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs
The nationwide lockdown announced from March 25 brought the entire economy to a standstill .
Asian stocks pull back as Hong Kong uncertainty weighs
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
Gold hits 2-week low on optimism around reopening of economies
Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.
“White Harlots Eager for Sex”: Islam’s Medieval Fantasies Plague Europe
Speaking under the pseudonym of “Ella,” a British woman recently revealed that her Muslim rapists called her “a white c*nt, a white wh*re, and a white b*tch,”
Asia stocks mixed on uncertainty over Hong Kong security law
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
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.
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...
Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis
Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.
Boeing workers cope with the virus threat as layoffs loom
Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.