Germany will take Lufthansa stake in landmark US$9.8B bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro (US$9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal

Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%

German government agrees €9B Lufthansa bailout

The deal still needs to be approved by the European Commission’s competition team.

Germany set to take Lufthansa stake in landmark $9.8-billion bailout

The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.

Germany takes Lufthansa stake in landmark $15b bailout

The German government takes a 20 per cent stake in the struggling airline that has been battered by the pandemic.

German government takes 20% stake in $10B Lufthansa bailout

May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.

Berlin takes the controls at Lufthansa in €9B bailout

The largest aviation rescue in Europe is going to have to be approved by Brussels.

Lufthansa's US$9.8 billion bailout bogged down in talks with EU

Germany’s 9 billion-euro (US$9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.

Germany's Scholz: Government agreed on Lufthansa bailout package worth €9 billion

German Finance Minister Olaf Scholz announced on Monday that the government agreed on a €9 billion bailout package for Lufthansa. "It's a very, very g

Germany's Lufthansa agrees to government's $9.8b aid

Deal will also place federal government with a major say in airline's future course

Lufthansa, Germany agree on $9.8-billion rescue package

The German Finance and Economy Ministries on Monday said Lufthansa was an operationally healthy company before the coronavirus outbreak, was profitable and had good prospects for the future but had got into trouble because of the pandemic.

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent

Lufthansa says Germany approves stabilization package

FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...

Germany stamps authority on Lufthansa with $9.8 billion lifeline

The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the

Germany stamps authority on Lufthansa with €9b lifeline

FRANKFURT, May 26 — Germany threw Lufthansa a €9 billion (RM42.7 billion) lifeline yesterday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20 per...

Germany approves 9 billion euro aid package for Lufthansa

FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...

Germany still in talks with EU over Lufthansa bailout, expects green light: Altmaier

BERLIN (Reuters) - Germany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa (LHAG.DE), Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout.

Germany stamps authority on Lufthansa with $9.8 bln lifeline

FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.

Lufthansa secures €9b German state rescue deal, say airline, government

FRANKFURT AM MAIN, May 25 — Berlin and coronavirus-stricken airline giant Lufthansa agreed today on a nine-billion-euro (US$9.8 billion) rescue package subject to approval by shareholders and competition authorities, the company and Germany’s economy ministry said. “Before the coronavirus...

Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout

Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.

German government, Lufthansa agree on 9 billion euro aid package

Germany on Monday approved a 9 billion-euro (US$9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive commission about possible conditions.

Germany's Scholz: Lufthansa rescue package should yield 'small profit' for state

BERLIN (Reuters) - Germany’s rescue package for flagship carrier Lufthansa (LHAG.DE) is a “very, very good solution” that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.

Lufthansa, German government agree on US$9.8 billion rescue package: sources

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...

German gov't to climb aboard at Lufthansa in virus rescue

(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.

Lufthansa, German government agree on rescue package: Report

The German government and the management of flagship carrier Lufthansa, which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, German

German govt to climb aboard at Lufthansa in virus rescue

Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier ...

Talks on Lufthansa aid not concluded yet: ministry

BERLIN (Reuters) - Negotiations on a government bailout for coronavirus-stricken airline Lufthansa (LHAG.DE) are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.

Lufthansa state rescue deal agreed in principle, say sources

FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...

New emissions blow for VW as German court backs damages claims

FRANKFURT: German airline Lufthansa said Monday it has received approval for a €9 billion ($9.8 billion) “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the EU’s executive commission.

Germany Will Take Lufthansa Stake in Landmark $9.8 Billion Bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Germany takes Lufthansa stake in landmark $15b bailout

The German government takes a 20 per cent stake in the struggling airline that has been battered by the pandemic.

Domestic flights resume after two months; many say flights cancelled without notice

Domestic passenger flights resumed in India after a gap of two months and the country will see around 600 services on Monday.

80 Flights Cancelled on First Day Domestic Flights Resume in India After Two-Month Hiatus

New Delhi (Sputnik): India suspended domestic and international air travel starting 25 March as a containment measure to mitigate COVID-19. The federal government has...

Domestic flights resume

Poor patronage and chaos due to cancellations hit airports in Kerala

India resumes domestic air travel after two months, several flights cancelled

Aviation industry sources said, around 82 flights -- departures and arrivals -- have been cancelled till now at the Delhi airport.

India’s Maharashtra to Start Domestic Flights With Fewer Planes

India’s Maharashtra, home to the nation’s financial hub Mumbai, will resume commercial flights on Monday with reduced domestic services as the state struggles to contain coronavirus infection cases.

Domestic air travel resumes with confusion at airports, cancelled flights

Chaos will make it even harder for airlines to recover from the impact of a two-month lockdown to contain the coronavirus, said analysts.

Domestic flights set to resume from today across India, excepting in Andhra, Bengal

Domestic flights set to resume from today across India, excepting in Andhra, Bengal: Domestic flight operations will resume across the country from Monday except in Andhra Pradesh and West Bengal after two months of suspension due to coronavirus-induced lockdown.. Get all latest entertainment & viral stories on english.lokmat.com

Domestic air travel resumes in India after 2 months, 630 flights cancelled

According to aviation industry sources, around 630 domestic flights of Monday were cancelled due to the Centre''s Sunday night announcement that there would be no flights in West Bengal and Andhra Pradesh, and limited operations at major airports such as Mumbai, Chennai and Hyderabad.

Under strict rules, India resumes domestic flights after two months

West Bengal urged government to postpone resumption of passenger flights to Kolkata as it focuses on rescue work of Cyclone Amphan

Chaos reigns at airports as domestic flights take off after 2-month gap

Tweaking of flight schedules led to cancellation of several flights

As India resumes domestic operations partially after two months of shutdown, 82 flights cancelled on Day 1

The Centre had only allowed limited flights of about one-third capacity of the summer schedule to operate between metro cities and other destinations.

Flights cancelled across India! Flyers left disappointed at airports in Delhi, Bengaluru, Hyderabad

Following the central government's announcements of resumption of domestic flights services, many state governments started to express reservations over the move. West Bengal government categorically stated that it would allow flight services gradually from May 28.

Covid-19 wrap | Domestic flights resume in India, cemeteries overflow in Yemen as virus deaths spike

Here are the latest developments in the coronavirus crisis.

Cancellation of flights creates chaos at airports

PTI New Delhi India’s domestic flight services resumed on Monday after a gap of two months but a large number of last-minute cancellations by airlines t

Domestic flight services resume in India after 2 months amid 630 cancellations

India Business News: Domestic passenger flights resumed in India after a gap of two months. The Delhi airport saw its first departure at 4.45 am to Pune while Mumbai airpo

Cancellation and confusion: Resumption of domestic flights comes with a silver lining though

Air India passengers took to Twitter to air their woes

Domestic flight services resume in India after two months

After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states to open up their airports in view of rising cases of the novel coronavirus.

Domestic flight services resume in India after two months

NEW DELHI: After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states … Domestic flight services resume in India after two months Read More »

Watch: Scenes from airports across India as domestic air travel is resumed after two months

With erratic social distancing practices and abrupt cancellations of flights, day one of resumption of domestic air travel has been somewhat chaotic so far.

Domestic aviation resumes: 532 flights operated, 39,231 passengers flown on Day 1

The first day was marred by cancellations, and customer complaints

Resumption of flights: It's chaos for passengers

Most of the complaints are from Air India passengers

Flight cancellations leave domestic passengers confused

India has resumed its domestic flight operations today, however flights across Indian airports are being cancelled due to various reasons including state government restrictions…

COVID-19: India air travel restart sees chaos and cancellations

New restrictions at airports force airlines to scramble revised schedules

Flyers, airlines grapple with new rules; glitches and lack of transport on day 1 of flights resumption

Indias busiest airports in Mumbai and Delhi have cancelled close to 200 flights since last night.

Passengers’ body blames govt. for sloppy first day of flight resumption

The Air Passengers Association of India (APAI) on Monday blamed the government’s sloppy handling of domestic flight resumption for large-scale flight cancellations and passengers not knowing State-wis

Top German court to rule on VW 'Dieselgate' compensation

Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will on Monday finally rule in a battle over compensation for tens of thousands of affected owners.

Top German court to rule on VW ‘Dieselgate’ compensation

FRANKFURT AM MAIN, May 25 — Almost five years after Volkswagen’s admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will today finally rule in a battle over compensation for tens of thousands of affected owners. In a preliminary finding in...

German court rules against VW in 'Dieselgate' compensation scandal

About four years after the Volkswagen Diesel scandal broke, Germany's Federal Court passes a binding rule on compensation for consumers

Volkswagen scandal: Top German court rules automaker must pay 'dieselgate' compensation

Germany's top civil court has ruled against Volkswagen in the first case brought by a car owner against the automaker for emissions test cheating. The ruling sets a precedent for thousands more cases.

Volkswagen loses landmark German 'dieselgate' case

A ruling in a German court could have implications for other VW motorists seeking compensation.

Germany’s highest court rules VW should offer Dieselgate compensation

Thousands of motorists can now claim damages from the carmaker.

Germany's top court to rule on compensation for Volkwagen 'Dieselgate' scandal

Almost five years after Volkswagen's admission to cheating on regulatory emissions tests involving millions of cars, Germany's top court will on Monday finally rule in a battle over compensation for…

German court rules VW car owners entitled to damages in Dieselgate scandal

A German federal court judge ruled on Monday that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home

Volkswagen ordered to compensate motorists in landmark ‘Dieselgate’ ruling

A German federal court judge ruled on Monday that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home mar…

Top German court grants buybacks for Volkswagen diesel car owners

News News: Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel-engined cars, the ruling is the first real

Top German court grants buybacks for Volkswagen diesel car owners

Almost 5 years after Volkswagen's admission to cheating on emissions tests, the ruling is the first real legal setback for VW in its home country

Germany's top court to rule on compensation for VW diesel cheating

In an early May hearing, judges at the Federal Court of Justice (BGH) said there was a chance for at least partial compensation for some VW buyers, saying they had indeed been harmed by purchasing a manipulated vehicle.

German court rules Volkswagen car owners entitled to damages in emissions scandal

A German federal court judge ruled on Monday that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel ...

Volkswagen agrees to compensate tens of thousands of German motorists

Leipzig court ruling opens door to claims from at least 60,000 car owners

Volkswagen loses landmark German case as diesel owners stand to receive damages

The ‘dieselgate’ scandal has so far cost Volkswagen more than $32.7 billion in damages and regulatory fines

Top German court grants buybacks for VW diesel car owners

KARLSRUHE, May 25 — A top German court ruled today that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other “dieselgate” cases. Judges at the Federal Court of Justice (BGH) in Karlsruhe...

New emissions blow for VW as German court backs damages claims

KARLSRUHE, Germany (Reuters) - Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.

Top German court grants buybacks for VW diesel car owners (Update)

A top German court ruled Monday that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other "dieselgate" ...

VW defeated in landmark Dieselgate case brought by van buyer

German court ruling will force carmaker to compensate tens of thousands more customers

VW loses landmark German case as diesel owners stand to receive damages

A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a ...

Top German court grants buybacks for VW diesel car owners

A top German court ruled Monday that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other "dieselgate" cases.

Virgin Orbit's First Test Launch Falls Short of Orbit

Virgin Orbit's first launch of the LauncherOne rocket failed to reach orbit immediately after release from the carrier jet. Elon Musk expressed his sympathies.

Branson's Virgin Orbit fails on first rocket launch attempt

Richard Branson's Virgin Orbit failed Monday on its first attempt to launch a test satellite into space aboard a rocket carried aloft by a Boeing 747 and released over the Pacific Ocean off the coast of Southern California. The inaugural launch had appeared to be going well until moments after…

Branson's Virgin Orbit fails on first rocket launch attempt

LOS ANGELES — Richard Branson’s Virgin Orbit failed Monday on its first attempt to launch a test satellite into space aboard a rocket carried aloft by a Boeing 747 and released over the Pacific Ocean off the coast of Southern California.

Branson’s Virgin Orbit fails on first rocket launch attempt

The inaugural launch had appeared to be going well until moments after the rocket was dropped from beneath the left wing of the jumbo jet dubbed Cosmic Girl.

Branson's Virgin Orbit rocket fails on first launch attempt

The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to deploy a satellite failed on Monday, the Virgin Orbit company said.

Branson's Virgin Orbit fails to launch rocket from 747

A crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk's SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.

Branson's Virgin Orbit launch bid fails

"We've confirmed a clean release from the aircraft. However, the mission terminated shortly into the flight," Virgin Orbit said.

Virgin Orbit rocket fails on first airborne test

Setback for venture led by Richard Branson at time of financial stress

First test launch of Virgin Orbit rocket fails

US News: The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to deploy a satellite failed on

Richard Branson’s Virgin Orbit Fails With First Rocket Launch After ‘Anomaly’ - But Is Already Preparing To Try Again

Virgin Orbit, a small satellite company that hopes to launch rockets to space from the wing of a plane, failed in its attempt to launch for the first time today – but says it is already building its next rocket to try again.

Virgin Orbit fails on first rocket launch attempt

Richard Branson's Virgin Orbit failed Monday in its first test launch of a new rocket carried aloft by a Boeing 747 and released over the Pacific Ocean off the coast of Southern California.

Branson's Virgin Orbit fails in attempted rocket launch from 747

Billionaire Richard Branson’s Virgin Orbit said a crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk’s SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.

Virgin Orbit first launch attempt fails

Virgin Orbit’s LauncherOne failed to reach orbit in its first launch attempt May 25, with the mission “terminated” moments after the rocket’s release.

Virgin Orbit terminates rocket launch after releasing it over the Pacific

May 25 (UPI) -- Virgin Orbit said it terminated the launch of a demonstration rocket Monday afternoon shortly after its release from the wing of a 747 jet over the Pacific Ocean.

Virgin Orbit’s air-launched rocket fails on first test flight

Making its first flight, a privately-funded air-launched rocket developed and built by Richard Branson’s Virgin Orbit failed to reach space Monday after release from the company’s modified 747 carrier airplane over the Pacific Ocean.

First test of Virgin Orbit rocket fails to accomplish goal

The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to deploy a satellite failed on Monday, the Virgin Orbit company said.

Virgin Orbit's inaugural rocket launch fails

Virgin Orbit, the company founded by Richard Branson with the aim of launching smaller satellites, tried unsuccessfully on Monday to launch a rocket off the coast of Southern California. It was the company's first test launch of a new rocket, which had been in development for five years, The Associated Press reports. The rocket was released from a jet dubbed Cosmic Girl, and dropped over the Pacific Ocean. In a statement, Virgin Orbit said it could confirm a "clean release from the aircraft. However, the mission terminated shortly into the flight. Cosmic Girl and our flight crew are safe and returning to base." The company did not say what went wrong, but stated it will "learn more as our engineers analyze the mountain of data we collected today." The rocket carried a test satellite, but the purpose of the flight was to gather data on each step of the launch process. Over the weekend, Virgin Orbit executive Will Pomerantz said roughly half of all first rocket launches fail, and company CEO Dan Hart said after…

Virgin Orbit fails on first rocket launch attempt, 'next big test ASAP' for Richard Branson’s spaceflight firm

Richard Branson’s Virgin Orbit failed on its first rocket launch attempt, which took place out of the Mojave Spaceport in Southern California.

Virgin Orbit loses its first rocket shortly after engine ignition

“An anomaly then occurred early in first stage flight.”

Branson’s Virgin Orbit Fails in Attempted Rocket Launch From 747

Billionaire Richard Branson’s Virgin Orbit said a crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk’s SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.

Branson's Virgin Orbit launch bid fails

"We've confirmed a clean release from the aircraft. However, the mission terminated shortly into the flight," Virgin Orbit said.

Virgin Orbit fails on 1st rocket launch attempt

The inaugural launch had appeared to be going well until moments after the rocket was dropped from beneath the left wing of the jumbo jet dubbed Cosmic Girl.

Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus

The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows.

Japan lifts Tokyo’s state of emergency, eyes fresh stimulus

TOKYO, May 25 — Japanese Prime Minister Shinzo Abe said today that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up. Social distancing curbs were loosened for most of the country on May 14...

Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus

A customer wearing a protective mask enters an internet cafe at night in the Shibuya district of Tokyo, Japan, on … Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus Read More »

Japan lifts Tokyo’s state of emergency, eyes fresh stimulus

TOKYO, May 25 (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up.

Japan eyes fresh $930b stimulus, to end Tokyo's state of emergency

Japan is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies.

Japan lifts Tokyo's state of emergency, eyes fresh stimulus

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.

Japan to end Tokyo’s state of emergency, eyes massive new stimulus

World’s third-largest economy has escaped an explosive coronavirus outbreak

Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus

Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch

Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus

TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.

Japan ends state of emergency, eyes fresh $1.5trn stimulus

Japan's economy minister said the government had received approval from key advisers to remove the state of emergency for Tokyo and all remaining regions.

Shinzo Abe lifts Tokyo's state of emergency, eyes fresh economic stimulus

The move meant that the whole country would now have the social distancing curbs loosened, after an initial lifting of restrictions for most areas on May 14

Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19

TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...

Japan to end Tokyo's state of emergency

TOKYO, May 25 — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions today, while the Nikkei reported a plan for new stimulus worth almost US$1 trillion (RM4.36 trillion) to help companies ride out the coronavirus pandemic. Social distancing curbs were...

Japan lifts Tokyo’s state of emergency

Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.

Japan lifts emergency in Tokyo

Stimulus plan to be funded by 2nd extra budget, Abe support at record low

Tokyo stocks rally on hopes for economic restart amid pandemic

Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…

Japan lifts virus emergency

Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen.

Japan to end Tokyo's state of emergency, eyes fresh $930 bln stimulus

TOKYO — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.

Bharti Telecom to sell $1 bn stake in Airtel

 Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.

Bharti Airtel promoter to raise USD 1 billion through equity

‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’

The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.

Bharti Airtel promoter to raise $1 billion to become debt free

Bharti Telecom has roped in JP Morgan for the raising USD 1 billion by selling 150 million equity shares at a price of Rs 558 per cent per unit

Bharti Airtel promoter to raise $1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt-free, according to a source aware of the development. The promoter firm Bharti Telecom plans

Bharti Airtel promoter to raise USD 1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt free, according to a source aware of the development.

Bharti Telecom to sell $1 bn stake in Airtel through block deal

Bharti Telecom to sell $1 bn stake in Airtel through block deal

IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco

Bharti Airtel Promoter Said To Plan $1 Billion Fundraising To Become Debt Free

Bharti Telecom plans to sell 2.75% equity stake, equivalent to 150 million shares, at a floor price of Rs 558 apiece.

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt

India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block

Bharti Telecom to raise ₹7,600 cr through block sale of Airtel shares

Promoters plan to sell 2.75% stake

Bharti Airtel parent eyes $1 bn from stake sale to pay off loans

Move to help telco clean up debt overhang as promoter debt also impacts ratings

1st deadlines for laid-off workers to get health insurance

Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.

1st deadlines for laid-off workers to get health insurance

People who lose workplace insurance generally have 60 days from when their coverage ended to apply for an ACA plan.

1st deadlines for laid-off workers to get health insurance

WASHINGTON — Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act. Taxpayer-subsidized health insurance is available for a modest cost — sometimes even free — across the country, but industry officials and independent researchers say few people seem …

1st deadlines for laid-off workers to get health insurance

WASHINGTON - Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage unde

1st deadlines approach for laid-off workers to get health insurance

The nonpartisan Kaiser Family Foundation estimates that nearly 27 million workers and family members had lost job-based health coverage as of the start of this month.

First deadlines for laid-off workers to get health insurance | Honolulu Star-Advertiser

WASHINGTON >> Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.

How much the average homeowner pays for insurance in the US, by state and home value

The value of your home, where you live, and the coverage level you choose can all impact your homeowners insurance cost.

Window to file for government health insurance approaching for coronavirus filers

Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.

1st deadlines for laid-off workers to get health insurance

People who lose workplace insurance generally have 60 days from when their coverage ended to apply for an ACA plan.

1st deadlines for laid-off workers to get health insurance

People who lose workplace insurance generally have 60 days from when their coverage ended to apply for an ACA plan.

1st deadlines for laid-off workers to get health insurance

WASHINGTON — Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.

European regulators to take closer look at Air Canada-Transat deal

TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.

European regulators to take closer look at Air Canada-Transat deal

In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada, Transat deal faces intense EU antitrust scrutiny

BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...

Transat extends Air Canada takeover timing following European regulatory review

In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.

Transat extends Air Canada takeover timing following European regulatory review

TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.

Air Canada’s Bid for Transat Gets Extended EU Merger Probe

Air Canada’s bid for tour operator Transat A.T. Inc. faces an extended probe from European Union regulators who said the deal may hamper competition by combining the two biggest airlines linking Europe and Canada.

Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog

European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau

AC-Transat deal scrutinized

European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.

Canada's TSX gains more than 1% as financial shares climb

TORONTO — Canada’s main stock index rose on Monday, helped by gains for financial shares, as investors welcomed a stronger-than-expected rebound in German business morale.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange. The S&P/TSX composite index was up 151.79 points at 15,065.43. U.S.

TSX starts week higher

Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors.

S&P/TSX composite starts week higher, U.S. stock markets closed for holiday

TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,075.42, up 161.78 points.) HEXO Corp. (TSX:HEXO). Health care. Up 21 cents, or 23.86 per cent, to $1.09 cents on 22.3 million shares.

Toronto stock market rally led by cannabis while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.

Toronto stock market rally led by cannabis while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.

Ramaphosa: South Africa coronavirus lockdown to ease from June 1

South African President Cyril Ramaphosa has announced a further easing of coronavirus restrictions from next month in a move that will allow most sectors of the economy to reopen fully under "strict health protocols" and "social distancing rules".

South Africa to ease lockdown despite surge in Covid-19 cases

Ramaphosa says lockdown cannot be sustained indefinitely.

South Africa to ease lockdown despite surge in Covid-19 cases

Cape Town. South Africa will ease the Covid-19 lockdown from level four to level three beginning from June 1, President Cyril Ramaphosa announced Sunday amid a surge in confirmed cases.

South Africa’s move to level 3 lockdown won’t be like ‘flicking a switch’

President Cyril Ramaphosa’s announcement that most of the economy will reopen from 1 June, should be welcomed, however, it must be stressed that overall levels of activity will remain notably below what we saw before the pandemic, says the Bureau of Economic Research (BER).

South Africa to further ease lockdown

President Cyril Ramaphosa announced a further easing of South Africa's coronavirus lockdown from June 1, allowing the vast majority of the economy...

S. Africa to ease Covid-19 lockdown

Ramaphosa says lockdown cannot be sustained indefinitely.

South African president says lockdown to ease from June 1

JOHANNESBURG, May 25 — President Cyril Ramaphosa announced yesterday a further easing of South Africa's coronavirus lockdown from June 1, allowing the vast majority of the economy to return to full capacity. Africa's most industrialised economy has been largely shut down since late March, when...

Coronavirus in South Africa: President Ramaphosa warns outbreak will get worse

Lockdown measures to be further eased from start of June despite surge in cases

New level 3 lockdown rules in a nutshell

President Cyril Ramaphosa announced that South Africa will move to alert level 3 of the national lockdown on 1 June. Here are the biggest changes.

Covid-19: 'It's in your hands' - Ramaphosa calls on citizens to play their part

President Cyril Ramaphosa says South Africa is now at risk of even more coronavirus infections as it prepares to gear down to alert Level 3 of the lockdown.

Companies must adhere to strict health, safety protocols - Ramaphosa

The president warned that the risk of a massive increase in COVID-19 infections would be greater as the economy opened up and millions of more people returned to work.

Greece resumes island ferry services in bid to salvage tourist season

More than 34 million visitors travelled to Mediterranean country last year

Greece Restarts Ferries to Islands, Reopens Cafes, Restaurants

ATHENS, Greece (AP) - Greece restarted regular ferry services to its islands Monday and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.

In race for tourism, Greece reopens cafes, island ferries

Greece restarted regular ferry services to its islands Monday, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.

Greece resumes island ferry services in bid to salvage summer tourist season

Travel to the islands had been generally off-limits since a lockdown in late March.

Greece reopens restaurants, resumes island ferry service, following coronavirus closures

Fancy a holiday?

In race for tourism, Greece reopens cafes, island ferries | Honolulu Star-Advertiser

ATHENS, Greece >> Greece restarted regular ferry services to its islands today, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.

Greece reopens cafes, restaurants as summer season nears

ATHENS (Reuters) - Greece allowed cafes and restaurants to reopen on Monday as part of a gradual lifting of its coronavirus restrictions to reboot its tourism-dependent economy and help draw in foreign visitors ahead of the summer season.

Greece resumes island ferry services in bid to salvage summer tourist season

Travel to the islands had been generally off-limits since a lockdown in late March.

Greece resumes island ferry services in bid to salvage summer tourist season

Travel to the islands had been generally off-limits since a lockdown in late March.

In race for tourism, Greece reopens cafes, island ferries

Greece restarted regular ferry services to its islands Monday, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.

Akinwumi Adesina accused of appointing relatives to strategic positions at AFDB

PRESIDENT of the African Development Bank (AFDB) Akinwumi Adesina has been accused by a group of anonymous whistleblowers of handing contracts to acquaintances and appointing relatives to strategic positions at the bank, a Bloomberg report has revealed. According to the report, U.S. Treasury Secretary Steven Mnuchin turned down plans by the AFDB’s board to end […]

AfDB: U.S. govt demands fresh probe into allegations against Adesina

President of the African Development Bank (AfDB), Akinwumi Adesina, still has another big hurdle to cross in his bid for re-election into office.

Akinwunmi Adesina: US demands investigation into AfDB's decision on Nigeria's ex-minister

Following the allegations of impropriety against the president of the African Development Bank (AfDB), Akinwumi Adesina, the US government has demanded a probe.

U.S calls for probe against AfDB president

The intervention by the Treasury, the AfDB’s biggest non-African shareholder, comes two weeks after the ethics committee found no evidence to support allegations of favoritism by Adesina. The 60-yea

US urges probe into alleged ethics breach by African Development Bank

The letter, dated 22 May, was sent to the chair of the AfDB's board, Ivorian Planning and Development Minister Niale Kaba.

US urges probe into alleged ethics breach by African Development Bank

Abidjan, Ivory Coast | AFP | The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of an internal inquiry clearing Adesina, …

US urges probe into alleged ethics breach at African Development Bank

The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed "deep reservations" about

US urges probe into alleged ethics breach at African Development Bank

The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed "deep reservations" about

CEO buys struggling New Zealand media company for $1

WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.

CEO buys struggling New Zealand media company for $1

The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.

CEO buying struggling New Zealand media company for NZ$1

One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.

CEO buys ailing New Zealand media giant Stuff Limited for one dollar

Boucher joined as a reporter in 1993 and has spent most of her career at the company

New Zealand's media firm Stuff to be sold for a single dollar to its CEO

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists

DomPost returns to local ownership, sold by Australian owners

Wellington.Scoop There’s a new owner for the DominionPost – a management buyout of its parent company Stuff Ltd has been successfully completed by the Stuff chief executive Sinead Boucher. The DomPost reports the deal this morning:

Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media

Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st

IDFC FIRST Bank’s senior management takes 10% pay cut

IANS New Delhi IDFC FIRST Bank’s senior management has volunteered to take a 10 per cent pay cut for the financial year 2020-21 amid the coronavirus cri

IDFC First Bank senior management takes 10% pay cut

Private sector IDFC First Bank on Monday said its senior management has voluntarily taken pay cut of 10 per cent due to coronavirus pandemic, while the CEO offered to surrender as much as 30 per cent of his salary.

IDFC First Bank’s senior management takes 10 per cent pay cut in FY21

With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

COVID-19 impact: IDFC FIRST Bank's senior management takes pay cut

IDFC First Bank top brass takes pay cut

IDFC First Bank on Monday said that its senior management had volunteered to take a 10% cut in compensation in the current financial year 2020-21. V. Vaidyanathan, MD & CEO, had offered to tak

Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%

The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

Govt's wheat procurement surpasses last year's level of 34.1 million tonnes despite COVID-19 hurdles

Wheat procurement target has been set at 40.7MT for the 2020-21 marketing year. Although the wheat marketing year runs from April-March, the bulk of procurement is normally done in the first three months.

Govt’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles

In a statement, the food ministry said the overall wheat procurement has touched 34.15 MT as on May 24 in the current marketing year, surpassing last year's figure of 34.13 MT.

Govt’s wheat procurement surpasses last year’s level of 34.1 million tonnes despite COVID-19 hurdles

In Punjab, every farmer was allotted specific spaces earmarked for dumping of stocks and no one else was allowed to enter those areas.

Wheat procurement surpasses last year’s target

:A spectacular 55 per cent increase in wheat procurement in Madhya Pradesh as compared to the previous rabi marketing season has helped government agencies to surpass the total procurement of 341.3 la

Wheat procurement surpasses last year's level of 34.1 MT despite hurdles

Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year

India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News

New Delhi: The government’s wheat procurement so far in the 2020-21 marketing year has surpassed the last year’s 34.13 million … India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News Read More »

Punjab, MP lead the way as wheat procurement tops last year's level

The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.

Govt procures 110 lakh metric tonnes of wheat

Due to global pandemic Corona, this time the Government had to implement lockdown, but the hard work and the spirit of the farmers of the State was the highest this time. This is the reason that this time in the history of Madhya Pradesh, the highest number of wheat purchases was recorded. In

Watch out Amazon, Flipkart: Reliance's JioMart launches online grocery service across India

Reliance launches JioMart online grocery service, challenging Amazon and Flipkart

Reliance has launched an online grocery service, JioMart, in a move aimed at rivaling Amazon's local unit and Walmart's Flipkart in India.

Reliance’s JioMart live across India: Important details about the Amazon, Flipkart’s rival

Currently, JioMart is available as a web version but the mobile version is expected to be available very soon. No official words from Reliance as of yet. Reliance has officially launched JioMart in the country across almost all regions.

Reliance Industries’ Online Grocery Service JioMart Goes Live In 200 Towns Across India

Reliance Industries limited has now officially launched its online grocery service, JioMart, across the nation after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan, reports India TV News.

Reliance JioMart opens online grocery service in 200 cities; key things to know

With rising demand on online grocery delivery platforms amid coronavirus lockdown, JioMart is Reliance Industries' bid to cash in on the spurt in this segment

Reliance starts trials of JioMart shopping portal across India

The JioMart shopping app is available via Facebook Inc’s WhatsApp, which in India has about 400 million users.

Why Reliance JioMart Won’t Be Just Another Player On The E-commerce Market

Can JioMart take on Amazon and Flipkart in the future?

Nissan and Renault shelve merger plans to repair their alliance: sources

Nissan and Renault shelve merger plans to repair their alliance: sources

Nissan and Renault shelve merger plans to repair their alliance - sources

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

Nissan and Renault shelve merger plans to repair their alliance, say sources

NEW YORK, May 26 — Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. Nissan has long resisted Renault’s proposals...

Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers

Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.

Nissan, Renault to disclose plan to slash production due to Covid shutdowns

The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022

COVID-19: Is this the end of the road for Renault?

Pandemic puts the French brand's 122-year history at stake...

Renault could disappear without a bail out – report

The French brand's 122-year history could be at stake according to a key decision maker.

CBIC clears Rs 11,052 cr GST refund claims since April 8

Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

CBIC clears Rs 11,052 cr GST refund claims since April 8

The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.

CBIC clears Rs 11,052 crore GST refund claims since April 8

The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

CBIC clears Rs 11,052 crore GST refund claims since April 8

India Business News: The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC s

CBIC clears Rs 11,052 crore GST refund claims since April 8

In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".

GST refund: CBIC clears Rs 11,052 crore claims

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

Rocketman (and woman): Elon and Gwynne, the pair who made SpaceX

WASHINGTON, May 25 — Space Exploration Technologies Corp — commonly known as SpaceX — is slated to send two astronauts into space on Wednesday. Despite not yet being 20 years old, the company has already developed a creation myth: On September 28, 2008, its first rocket Falcon 1 launched for...

Rocketman (and woman): Elon and Gwynne, the pair who made SpaceX

Space Exploration Technologies Corp.—commonly known as SpaceX—is slated to send two astronauts into space on Wednesday. Despite not yet being 20 years old, the company has already developed a creation ...

Elon Musk’s SpaceX poised to make history with first private manned launch to orbit

Elon Musk’s SpaceX makes history on Wednesday — going where no private enterprise has gone before with the first nongovernment launch of humans into orbit. The Crew Dragon capsule atop a Falcon 9

The launch of SpaceX's rocket Falcon Heavy on June 25, 2019

Space Exploration Technologies Corp. -- commonly known as SpaceX -- is slated to send two astronauts into space on Wednesday. Fortunately the fourth launch -- that was the last money that we had -- the fourth launch worked, or that would have been it for SpaceX. Born in South Africa, Musk immigrated

SpaceX Is About to Launch Two Astronauts Into Space in a Historic First

In the beginning, everyone was skeptical. But Elon Musk's SpaceX defied expectations - and on Wednesday hopes to make history by ferrying two NASA astronauts into space, the first crewed flight from US soil in nine long years.

SpaceX’s first Starship hop on hold for historic Crew Dragon astronaut launch

SpaceX CEO Elon Musk says that he’s “redirected SpaceX’s priorities” to be almost entirely focused on Crew Dragon’s imminent astronaut launch debut, delaying Starship’s own hop test debut by at least a week or two as a result. As of now, SpaceX’s Crew Dragon spacecraft remains on track to lift off with NASA astronauts for […]

SpaceX readies for astronaut capsule recovery backup plan as rocket drone ship deploys to landing zone

Mission objectives of the SpaceX Crew Dragon Demo-2 test flight, have already commenced days ahead of the scheduled launch attempt. On Wednesday, May 27th at 4:33 pm EDT, Elon Musk’s rocket launching – and landing – company, SpaceX, will set out to achieve more firsts than it has ever attempted in one launch. The final […]

NNPC says top management appointments on merit

The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and..

NNPC has 6,621 staff strength – Report

The Nigerian National Petroleum Corporation (NNPC) says it currently has 6,621 staff strength both at its headquarters and across all its subsidiaries

How we selected over 1,000 new recruits -- NNPC

The corporation says professional competence, transparency, accountability and federal character are primary considerations in its employment.

NNPC, subsidiaries have 6,621 staff nationwide – Report

In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has

NAIG faults NNPC’s recruitment, promotion process

The National Association of Itsekiri Graduates (NAIG) has condemned the claim by the Nigerian National Petroleum Corporation (aracter.

NNPC lists parameters for employment, career progression; makes new top appointments

Explaining the parameters, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the basic academic requirement for newly employed Graduate Trainees in the corporation is a minimum of a Second-Class Upper Division or an Upper Credit for Higher National Diploma certificate holders

NNPC says top management appointments on merit

The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountab

Coronavirus effect: 40% travel, tourism companies may shut down in 3-6 months, says report

"The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it suffering immense losses and job cuts," the report said

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.

40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report

The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report

About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.

Lockdown impact: Tourism companies staring at complete shutdown, seek government aid

The survey report further revealed that 38.6 per cent travel companies are going for job cuts and another 37.6 per cent of the companies are considering the option with uncertainty looming large.

Five business groups urge Ontario to halt commercial evictions during pandemic

Five business groups called on the Ontario government on Monday to impose a commercial eviction moratorium during the COVID-19 pandemic, saying many small and medium-sized businesses are at risk of closing.

Five business groups urge Ontario to halt commercial evictions during pandemic

TORONTO — Five business groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.

Five business groups urge Ontario to halt commercial evictions during pandemic

Ontario Premier Doug Ford has previously declined to freeze commercial evictions

Five business groups urge Ford to halt commercial evictions amid COVID-19

Five businesses groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.

Payments for CERB top $40 billion as feds open doors for commercial rent help

OTTAWA — A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.Federal figures posted . . .

CERB payments hit $40B

A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.

Bayer says it makes progress in settlement talks over weedkiller

Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling

Bayer says it makes progress in settlement talks over weedkiller

FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.

Bayer says it makes progress in settlement talks over weedkiller

Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer

Bayer Reaches Deals on Big Share of 125,000 Roundup Weedkiller Suits

Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Bayer reaches agreement in 125,000 US cancer lawsuits

Pharmaceutical giant reportedly does deal to end inherited costly legal battle

Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer

Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Bayer reaches deals on big share of 125,000 roundup weedkiller suits

Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again

Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again

Hong Kong shares ease on China-U.S. rift, dollar firms

Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on

Hong Kong shares ease on China-U.S. rift, dollar firms

SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.

Dollar edges higher as Hong Kong tensions fuel safe-haven demand

TOKYO — The dollar edged higher on Monday as worries about a standoff between the United States and China over civil liberties in Hong Kong fueled demand for safe-haven currencies.

Dollar edges higher as Hong Kong tensions fuel safe-haven demand

TOKYO, May 25 — The dollar edged higher today as worries about a standoff between the United States and China over civil liberties in Hong Kong fuelled demand for safe-haven currencies. Sterling was on the defensive after members of British Prime Minister Boris Johnson’s party called for the...

Dollar holds advantage as Hong Kong tensions test risk-wary investors

Dollar holds advantage as Hong Kong tensions test risk-wary investors

Iran’s Oil Minister: Demand for oil is ‘very vague’

The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are

Rally likely in oil prices but upside may be capped on uncertain demand outlook

We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.

Iran's Zanganeh says hard to predict oil prices as demand unclear - radio

DUBAI — Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.

Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020

Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.

Oil steadies as demand uncertainty tempers supply cuts

Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT

Experts urge govt to lock in crude oil purchases as prices start rising

They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision

Factbox: EU recovery fund - the battle lines

BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.

Brussels looks to new taxes to pay off pandemic recovery debt

Corporate and green levies could help raise money for EU borrowing if member states agree

EU eyes first face-to-face summit in months to haggle over budget

EU eyes first face-to-face summit in months to haggle over budget

EU eyes first face-to-face summit in months to haggle over budget

European Commission to propose blueprint for € 1tn multiannual financial framework

EU eyes first face-to-face summit in months to haggle over budget

BRUSSELS (Reuters) - EU leaders may meet for a face-to-face summit in the coming weeks to bargain over the next joint budget and a linked coronavirus recovery fund, suspending lockdown rules imposed to contain the pandemic, diplomats and officials said.

Recovery plans unveiled This WEEK

Tough negotiations start this week on both the EU's recovery fund and its revised long-term budget, which are likely to determine the entire future of the bloc.

Numbers on Rent Supplement payment up 20% since beginning of Covid-19 pandemic

Housing groups have warned that Ireland could see a rise in evictions as a result of the crisis.

Covid-19 unemployment payment could result in tax bill for recipients

The Government is reminding anyone receiving the Pandemic Unemployment Payment, instituted as an emergency response to layoffs made in the wake of the Covid-19 crisis, that they could face a tax bill at the end of the year.

New payment to support Kiwis through Covid-19

The Government today announced a new temporary payment to support New Zealanders who lose their jobs due to the global COVID-19 pandemic to adjust and find new employment or retrain.

Covid-19: Minister confirms review of special unemployment payment

Figures show 35,600 people who were receiving the benefit are now returning to work

NEW UPDATE: Payments awarded for Covid-19 Pandemic Unemployment Payment and Enhanced Illness Benefit

Welfare

COVID-19 payment: Shops finding it "extremely" difficult to source staff

Shops and newsagents say they are finding it “extremely” difficult to get staff to return to ...

Nigeria's GDP grew by 1.87 per cent in Q1 - The Nation Nigeria

The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87 per...

Nigeria’s economy grew in first quarter 2020 amidst global crisis

Amid global health and economic crises, Nigeria’s economic grew in the first quarter of 2020 by 1.87 per cent, the National Bureau of Statistics (NBS)

Nigeria’s GDP rises by 1.87% in Q1 2020

Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...

Nigeria’s GDP expands by 1.87% amid global challenges

The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019

Nigeria’s economic growth slows to 1.87% in Q1’2020

Nigeria recorded a lower GDP or economic growth of 1.87 percent, year-on-year, in the first quarter of the year (Q1’2020).

Despite coronavirus outbreak, Nigeria’s economy grew by 1.87% in Q1

Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown. The performance recorded represented a contraction of 0.23 per cent compared to Q1 2019 and a contraction of 0.68 per […]

The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.

The American food supply chain from meat processing plants to fast-food chains relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.

The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.

The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.

The workers that make your food put their lives on the line during pandemic. Whether they’re protected now is up to you.

“Every day we risk our health and the health of our family that await us at home,” said Nelson Santiago.

The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you., Business Insider - Business Insider Singapore

Business Insider - The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.. Read more at businessinsider.sg

Supply-chain ICT tool  vs. Covid-19 response snags

The National Economic and Development Authority-Regional Development Group has launched information and communication technology  tools that wouold be useful in troubleshooting problems in the supply chain for goods and production inputs and in planning supply chain-related interventions during the 2019 coronavirus disease  pandemic, and potentially post-pandemic period.

The Long-Term Consequences Of Knee-Jerk Supply Chain Reactions

Impulsive supply chain shifts introduced today amid the pandemic are likely to cause long-term changes — some positive, and some potentially detrimental.

Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role

Vermilion says it has created an executive committee to run the company instead of replacing Marino

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately. The company says instead of replacing Marino it has created an executive committee to run the firm that includes chairman and former chief executive Lorenzo Donadeo, who has been named executive chairman. …

Vermilion CEO departs

Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy CEO’s departure signals return to conservative roots

Return of co-founder as executive chairman comes with greater focus on balance sheet

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

New emissions blow for Volkswagen as German court backs damages claims

US authorities banned the affected cars after the cheat software was discovered, triggering claims for compensation.

German court ruling clears the way to settle VW diesel cases

KARLSRUHE, Germany — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the . . .

German court ruling clears way to settle VW diesel cases

The decision affects some 60,000 individual claims brought by car owners in Germany.

German court ruling clears the way to settle VW diesel cases

KARLSRUHE, Germany (AP) — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage they drove since buying it, not the purchase price.Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement.“For the majority of the 60,000 pending cases, this ruling provides clarity,” the company said in a statement.

German court ruling clears way to settle VW diesel cases

The decision affects some 60,000 individual claims brought by car owners in Germany.

German court ruling clears way to settle VW diesel cases

The decision affects some 60,000 individual claims brought by car owners in Germany.

Buy Essel Propack; target of Rs 200: Motilal Oswal

Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.

Buy Strides Pharma Science; target of Rs 421: ICICI Securities

ICICI Securities is bullish on Strides Pharma Science has recommended buy rating on the stock with a target price of Rs 421 in its research report dated May 21, 2020.

Buy VST Industries; target of Rs 4000: ICICI Direct

ICICI Direct is bullish on VST Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 22, 2020.

Buy Colgate ; target of Rs 1520: Motilal Oswal

Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.

Buy Kalpataru Power Transmission; target of Rs 313: YES Securities

YES Securities is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 313 in its research report dated May 21, 2020.

Jet Airways offers two Boeing aircraft for evacuating Indians stranded abroad

Jet Airways offers two Boeing aircraft for evacuation of stranded Indians

Jet Airways could supply up to four aircraft for evacuation missions within a reasonable period of time.Jet Airways has been grounded for a year due to lack of funds

Jet Airways offers two Boeing aircraft for evacuating Indians stranded overseas

A copy of the letter has also been marked to Civil Aviation Secretary Pradeep Singh Kharola, aviation regulator DGCA's chief Arun Kumar and State Bank of India Chairman Rajnish Kumar.

Jet Airways offers two Boeing aircraft to assist Vande Bharat Mission

Thecarrier is undergoing the insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia

Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services

The airline owes more than Rs 8,000 crore to banks. The once-storied full service carrier is undergoing insolvency process and … Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services Read More »

Major industries, govt agencies owe about Rs 5 lakh cr in outstanding dues to MSMEs: Nitin Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days.

Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

India Business News: Union minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore

Dues to MSMEs at Rs 5 lakh cr: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days

COVID-19: Fiji Airways cuts workforce by half

Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands

Virus-hit Fiji Airways cuts workforce by half

Fiji Airways lays off 758 staff, while those remaining would face a permanent pay cut of 20%

Virus-hit Fiji Airways cuts workforce by half

Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually ...

Fiji Airways terminate 775 staff: 'Devastating' airline sackings highlight the need for travel bubble

Fiji Airways' decision to let go nearly 800 staff due to the Covid-19 pandemic highlights the importance of establishing a Pacific "travel bubble" as soon as possible, an aviation expert says.

British Airways 'to axe thousands of cabin crew workers and rehire them on half the pay'

The airline, which has been slammed by unions over the past 24 hours, is reportedly in talks for a new restructing just weeks after confirming plans to sack 1,130 pilots

Virus-hit Fiji Airways cuts workforce by half

Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually zero".

Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits

Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering

Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits

Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.

Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance

This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).

European consumers stockpile savings, adding to economic drag

Bank deposits surge as households seek to shield themselves from impact of coronavirus

Europeans Save Less, Spend More As Economy Lags

European consumers are saving more to safeguard against the pandemic economy, which analysts say will hinder economic recovery.

India looks to store cheap oil in United States: Dharmendra Pradhan

India Business News: India is looking at storing some low priced US oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan said. India’s pla

India looks to store cheap oil in United States: Oil minister

 India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a

India's oil minister: India's June fuel demand to reach year-ago level

India's oil and steel minister Dharmendra Pradhan said on Monday that India's fuel demand is expected to reach the "year-ago level" in June, as report

Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan

It is a conscious decision: Pradhan

Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan

The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid...

South Korea Financial Markets

Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic. France's CAC 40 gained 0.8% in early trading to 4,479.60, while Germany's DAX jumped 1.2% to 11,206.26. Germany

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies' gradual reopening

Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Virgin Australia lessors agree in principle to delay plane repossession: administrators

Virgin Australia lessors agree in principle to delay plane repossession: administrators

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

ACTU lays out demands for Virgin bidders

With binding bids for Virgin due to administrator Deloitte on June 12, ACTU president Michele O'Neil says the union bloc will not budge on worker entitlements.

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Directors get six-month reprieve on disclosure

Companies providing profit guidance will be relieved from continuous disclosure rules for the next six months, because of the economic uncertainty fuelled by the coronavirus.

Frydenberg moves to shield boards from class action lawsuits

Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.

Board diversity may be a COVID casualty

Boards must refrain from using the coronavirus crisis as an excuse to revert to old habits when it comes appointing directors, the Australian Institute of Company Directors said.

Frydenberg moves to shield boards from class action lawsuits

Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.

Frydenberg moves to shield boards from class action lawsuits

Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19

Calin Rovinescu was on track to receive around $12.9 million in total compensation last year

Air Canada CEO's pay halved

Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.

Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic

Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.

Time to hike edible oil import duties: SEA

As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

Resumption of domestic flights to help in reviving aviation industry: SOTC Travel

The resumption of domestic passenger flight services after a gap of two months is a favourable move in reviving the aviation sector, SOTC Travel said on Monday.

Civil Aviation Ministry Decides To Restart Flights Under UDAN Scheme

As domestic flight operations are set to resume from May 25, the Ministry of Civil Aviation (MoCA) on Sunday decided to restart flights under the UDAN Scheme in a calibrated manner.

Delhi-Pune, Mumbai-Patna, Ahmedabad-Delhi among first flights to take off as domestic air services resume after two months

Indian skies will open up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry sources said

Chaotic Sunday forces customers, airlines to re-draw plans for flight resumption

Constant changes in schedules and confusion over protocol underline the chaos over resumption of flights on May 25

Fear of airline bankruptcies triggered knee-jerk opening; but states not playing ball

Aviation Minister Hardeep Singh Puri's plea for 'cooperative federalism' shows that Centre anticipated some resistance to reopening domestic flights; they why were flights restarted without consulting the states?

GBP/USD: All signs are bearish for the pound

GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,

Pound Sterling Price News and Forecast: GBP/USD looking to the upside

At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the

Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200

GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2

Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones

GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w

EUR/USD: At major support, the tendency is to the downside

EUR/USD Monday's four-hour chart is showing the pair is just above critical support, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The four

IAF to operationalise second Tejas squadron in Sulur in Tamil Nadu on May 27

The Indian Air Force will operationalise its second squadron comprising indigenously developed light combat aircraft Tejas on Wednesday at Sulur airbase near Coimbatore. Chief of Air Staff Air Chief

IAF to operationalise second Tejas squadron in Tamil Nadu on Wed

IAF to operationalise second Tejas squadron in Tamil Nadu on Wed. The Tejas is a fourth generation combat aircraft developed by Aeronautical Development Agency and the Hindustan Aeronautics Ltd. It is equipped with fly-by-wire flight control system, integrated digital avionics and multimode radar.

IAF’s Second LCA Tejas Squadron To Be Raised At Sulur Air Base With FOC Configuration Aircraft

The Indian Air Force (IAF) will raise the second squadron of the indigenously developed and manufactured aircraft LCA Tejas at the Sulur Air Base in Tamil Nadu on Wednesday (27 May), Hindustan Times has reported.

IAF’s 2nd LCA squadron ‘Flying Bullet’ to start operating from Wednesday at TN’s Sulur

Chief of Air Staff Air Chief Marshal RKS Bhadauria will operationalise the No 18 squadron 'Flying Bullets' of the Indian Air Force (IAF) on May 27 at Sulur near Coimbatore in Tamil Nadu.

IAF to operationalise No.18 Squadron at Coimbatore

The Indian Air Force (IAF) will operationalise its No.18 Squadron at Coimbatore in Tamil Nadu on May 27, equipping it with the fourth generation LCA Tejas aircraft.

AU Day: Coronavirus has underscored the need for global assistance to African countries – MFA

The Ministry of Foreign Affairs, has reiterated the need for global aid to third world countries – mostly on the African continent, in the wake of the deadly coronavirus.

The impact of COVID-19 on Africa

Global solidarity with Africa is an imperative.

Coronavirus has exposed Africa’s economic paradigm – Mahama

John Dramani Mahama says the novel Coronavirus pandemic has exposed the weaknesses in the economic paradigm of African countries.

Union with Africa is now more essential than ever

The progress achieved in recent years by Africa in many fields and our developing partnership with the continent enable us to look into the future with hope, despite...

Coronavirus: Ghana pushes for debt relief for vulnerable countries

Ghana has called for a collective and coordinated global response to assist vulnerable countries to address the “unprecedented effects” of Covid-19.

5 economic statistics that show the financial devastation of the pandemic for average Americans, Business Insider - Business Insider Singapore

Business Insider - The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.. Read more at businessinsider.sg

5 economic statistics that show the financial devastation of the pandemic for average Americans

The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.

5 economic statistics that show the financial devastation of the pandemic for average Americans

The coronavirus pandemic has thrown America into it’s worst economic downturn since the Great Depression nearly a century ago.

Commentary: The biggest restructuring exercise facing Singapore businesses has just begun

From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...

5 economic statistics that show the financial devastation of the pandemic for average Americans

The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.

When is the German IFO survey and how it could affect EUR/USD?

The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p

EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure

EUR/USD is looking to extend its two-day losing run on Monday amid the broad-based demand for the American dollar. Even gold, a classic safe-haven ass

German IFO Business Climate Index beats estimates with 79.5 in May, EUR/USD uninspired

more to come ... About German IFO The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute chang

EUR/USD: Geopoliticals risks can send the euro down

EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam

EUR/USD trims losses, looks to regain 1.0900 post-IFO

Following a drop to daily lows in the 1.0870 region, EUR/USD met some fresh buying interest and is now attempting to reclaim the 1.09 neighbourhood. E

Prices of Japanese premium melons plunge amid coronavirus outbreak

A pair of premium Japanese melons sold Monday for just a slice of the five million yen (US$46,000) reached at auction last year, as the ...

Melon-aires not required as Japan premium fruit prices plunge

TOKYO, May 25 — A pair of premium Japanese melons sold today for just a slice of the ¥5 million (RM200,720) reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at ¥120,000 at the season’s first auction — 40...

Melon-aires not required as Japan premium fruit prices plunge

A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.

Price of premium melons plunges

A pair of premium Japanese melons sold Monday for just a slice of the five million yen reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at 120,000 yen at the season's first auction --…

Melon-aires not required as Japan premium fruit prices plunge

Tokyo: A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.

Bengaluru, Chennai among 4 role model cities in handling COVID-19

Bengaluru, Jaipur, Indore and Chennai have been identified by the Centre as possible role models for other cities in handling COVID-19.

Centre Lauds Jaipur, Indore, Bengaluru And Chennai As Role Models In Managing COVID-19 Pandemic In Urban Clusters

Chennai and Bengaluru have been lauded for success in keeping the mortality rates low so far.

First flight to leave Bengaluru in two months to Ranchi

The first flight to leave Bengaluru is set to be an Air Asia flight to Ranchi at 5.15 am while the first incoming flight would be an Indigo flight from Chennai at 7.35 am.

Domestic flight services resume at Tiruchi airport

IndiGo flight with 66 passengers from Bengaluru lands; airline cancels services on Chennai sector; passengers scanned on arrival

Domestic flights resume at Coimbatore International Airport

Three services touched down from Delhi, Chennai and Bengaluru

Solving the space junk problem

Aging satellites and space debris crowd low-Earth orbit, and launching new satellites adds to the collision risk. The most effective way to solve the space junk problem, according to a new study in the Proceedings of the National Academy of Sciences, is not to capture debris or deorbit old satellites: it's an international agreement to charge operators 'orbital-use fees' for every satellite put into orbit.

Solving the space junk problem

Currently, an estimated 20,000 objects—including satellites and space debris—are crowding low-Earth orbit

Solving the space junk problem

Space is getting crowded. Aging satellites and space debris crowd low-Earth orbit, and launching new satellites adds to the collision risk. The most effective way to solve the space junk problem, according ...

Could a space congestion charge clear up junk-ridden skies?

Countries should levy an "orbit congestion charge" on satellite operators to tackle the growing concentration of space junk cluttering the skies, researchers said on Monday, but with some doubting the practicalities of such a fee. From dead satellites to bits of rockets, the amount of debris orbiting the planet is…

Could a space congestion charge clear up junk-ridden skies?

MILAN, May 26 — Countries should levy an “orbit congestion charge” on satellite operators to tackle the growing concentration of space junk cluttering the skies, researchers said yesterday, but with some doubting the practicalities of such a fee. From dead satellites to bits of rockets, the...

iSignthis slams ASX for seeking sensitive details as Visa deal ends

ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.

iSignthis to End Contract with Visa, Criticises Proposed Rule Changes

iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.

iSignthis slams ASX for seeking sensitive details as Visa deal ends

ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.

iSignthis slams ASX for seeking sensitive details as Visa deal ends

ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.

Hertz car rental company has filed for bankruptcy

As a result of the COVID-19 pandemic, the Hertz car rental company files for bankruptcy protection

Hertz files for bankruptcy after rental-car demand vanishes

Drop in used-car sales compounds financial woes.

Hertz files for US bankruptcy protection as car rentals evaporate in pandemic

The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.

Hertz Bankruptcy And Fleet Liquidation Threaten To Make Mess Of Used-Vehicle Prices With Burst Of 'Pent-Up Supply'

Here come the “bankruptcy-remote special-purpose subsidiaries” and $14.5 billion in rental-vehicle-backed securities. The Chapter 11 bankruptcy filing of Hertz

ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May

The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.

Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May

The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.

Indian Tea industry suffers loss of Rs 2100 crore in WB and Assam

Kolkata: The tea industry in two states, West Bengal and Assam is staring at a loss of around Rs 2,100 crore due to the Covid-19 pandemic as production has dipped by a whopping 65 percent in the past two months.

Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown

Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.

Find out the impact COVID-19-induced lockdown has had on the tea industry

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

MEXICO CITY (Reuters) - The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle and autoparts manufacturing.

Nissan says preparing to gradually restart Mexico operations

The automaker will begin with vehicle and autoparts manufacturing activities

Nissan says preparing to gradually restart Mexico operations

The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with ...

China's pork imports in April jump 170% to record high

BEIJING, May 25 (Reuters) - China, the world's top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.China imported 1.35 million tonnes of pork in the first four months of this year, surging 170.4% from the same period a year ago, after a plunge in domestic production kept prices much higher than other markets.

China's pork imports in April jump 170% to record high

BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

UPDATE 1-China's pork imports in April jump 170% to record high

* African swine fever slashed China's pig herd* Chinese buyers stock up on cheap U.S. pork* Pork prices have fallen in China (Adds graphic, details)BEIJING, May 25 (Reuters) - China, the world's top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

China's pork imports in April jump 170% to record high

China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

Slump in consumption, exports push Germany into recession in first quarter

Slump in consumption, exports push Germany into recession in first quarter

Slump in consumption, exports push Germany into recession in Q1

BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...

Slump in consumption, exports push Germany into recession in Q1

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.

Slump in consumption, exports push Germany into recession in Q1

The Federal Statistics Office said capital investments fell by 6.9 percent, private consumption by 3.2 percent and exports by 3.1 percent between January and March compared with the last three months of 2019.

SolarWinds: The Winds Will Change To Lower Revenue Growth For The Next Several Quarters

SolarWinds reported a strong Q1 with revenue growing 15% to $248.5 million, well above expectations for $240 million. Management provided Q2 guidance which only

Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable

Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev

Atlassian: Recent Rise And Premium Valuation Put Me On Sidelines For Now

Atlassian reported a strong Q3 earnings with revenue growing 33%, well above expectations for only ~28% growth. However, management provided Q4 revenue guidance

Five9: Stock At All Time-Highs But Still Remains Attractive

Five9 reported a good Q1 with revenue growing 28% to ~$95 million, around $5 million above expectations. Management reiterated their 2020 revenue guidance of ~1

Gold down as potential Japanese stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

Gold down as potential Japanese stimulus boosts risk appetite

Spot gold fell 0.4% to $1,728.06 per ounce by 0252 GMT. US gold futures were down 0.4% at $1,728.50.

Gold falls as potential Japan stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

Gold falls as Japanese shares rise on potential stimulus report

Gold dipped on Monday as Japaneseequities rose on news about a potential stimulus program,although losses were capped by a weaker dollar and worries offresh Sino-U.

ITC To Acquire Spice Maker Sunrise Foods

ITC-Sunrise Foods Deal: ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited.

ITC to acquire spices maker Sunrise Foods

The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.

ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore

The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.

ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods

ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.

Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon

Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and

BTC Dominance Signals Abrupt End to Crypto Altcoin Season

Altcoins across the crypto market may be seeing a pullback according to a buy setup on BTC dominance charts signaled by the TD Sequential indicator.

Bitcoin Has Upside Potential: Building Successful Investing Strategy

Market Analysis by Korbinian Koller covering: Investing.com Bitcoin Index. Read Korbinian Koller's Market Analysis on Investing.com

Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It

The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa

Prices of N-95 masks down by up to 47% after NPPA advisory

N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit and after the advisory by the the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.

Coronavirus news: N-95 mask prices fall 47% after NPPA advisory

N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit, but prices have been reduced after the advisory by the NPPA

Prices Of N-95 Masks Fall 47% After Pharma Pricing Body's Advisory: Government

Leading manufacturers and importers of N-95 masks have reduced prices by up to 47 per after regulator NPPA stepped in to ensure the availability of this respiratory protection device at affordable rates in the country, the government said on Monday.

Covid-19: After govt intervention, prices of N-95 masks down by up to 47%

To address the issue of higher prices of the N-95 masks, the NPPA intervened to ensure their availability at affordable prices in the country, the Ministry of Chemicals and Fertilizers said in a statement on Monday.

Cancellations spike, bookings drop as states limit air operations

A massive spike in ticket cancellations, along with a drop in bookings, was reported by the aviation industry for Monday’s flights as several states moved to limit air operations.

India air travel restart hits chaos and cancellations

Airlines' plans to resume air travel in India were in disarray on Monday after some states restricted the number of flights hours before departure, causing last-minute cancellations and leaving hundreds of passengers stranded. Airlines, including IndiGo, India's biggest carrier, SpiceJet and

Passengers left fuming as flights get cancelled at KIA

Airlines said some cancellations were owing to curbs imposed by other States on arrival of flights

Turbulent take-off for airlines amid last-minute changes in schedules

Only 532 of the scheduled 1,095 flights take off as airlines revise schedules to align operations with curbs put in place by states, leaving travellers fuming.Many passengers had to return from airports as airlines did not inform on cancellations until just a few hours before boarding

Australia's exports fell 12% in April

The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la

Australia’s international trade took a dive in April

The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:

Laptop imports from China surge during shutdown

Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.

Mexico's monthly trade deficit hits $3 billion due to virus

Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%

COVID-19: Worries grow that consumers won't come back to malls

Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close

As malls reopen across the country, worries grow that consumers won't come back

Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.

As malls reopen across the country, worries grow that consumers won’t come back

Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close

Mall REITs - Under Threat From The Lockdown Flight To Online Shopping

Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.

Nissan has not confirmed if plans to close Spanish plant: industry secretary

Nissan has not confirmed if plans to close Spanish plant: industry secretary

Nissan has not confirmed if plans to close Spanish plant: industry secretary

Nissan Motor has not confirmed whether it plans to close its plant in Barcelona, a senior Spanish industry ministry official said on Monday.

Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

MEXICO CITY (Reuters) - Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases.

Asia virus latest: Japan to lift emergency, India domestic flights resume

Here are the latest developments in Asia related to the coronavirus pandemic:- Japan set to lift virus emergency -Japan is poised Monday to lift its nationwide state of emergency over the coronavirus, gradually reopening the world's third-biggest econo...

Asia virus latest: Japan to lift emergency, India domestic flights resume

Here are the latest developments in Asia related to the coronavirus pandemic:

Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart

Updates from the world of economy, markets, and finance

Coronavirus in India LIVE: Death toll tops 4,000-mark; case tally crosses 1.38 lakh

All domestic flights are also set to resume in India from today

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore

Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg

Gucci announces plans to cut back to 2 fashion shows a year as the coronavirus pandemic ravages the luxury fashion industry, Business Insider - Business Insider Singapore

Business Insider - "I will abandon the worn-out ritual of seasonalities and shows to regain a new cadence, closer to my expressive call," Gucci's creative director said.. Read more at businessinsider.sg

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP

Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP

Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....

‘Peak power demand may reach 7,409 MW by July’

With easing of lockdown restrictions and signs of “revival of activity”, electricity discom Tata Power on Monday said peak power demand could reach 7,409 MW by July, matching last years peak power. Fo

Delhi's peak power demand reaches season's highest, 56% more than April

Delhi witnessed a peak power demand that reached as much as 5268 MW on the night of May 24.

Delhi sees season's highest power demand on Sunday

Tata Power Delhi Distribution said it met the peak power demand of 1493 MW on Sunday night.

Heat wave drives Delhi’s peak power demand to season high of 5,268 MW

Expected to touch last year’s peak of 7,409 MW by July: Tata Power-DDL

USD/INR New York Price Forecast: Greenback knocking at the 76.00 resistance vs. Indian rupee

USD/INR is testing the 76.00 figure while above the main SMAs on the daily chart. The bulls remain in charge at the start of the new trading week. A close abov

Oil New York Price Forecast: WTI recovery limited below 34.25 level

The crude oil recovery is taking a break after making fresh May’s highs. WTI is trading above its main SMAs on the four-hour benefiting bullish momentum in th

AUD/USD Asia Price Forecast: Aussie eyeing the May’s eyes, trades near 0.6550 level

AUD/USD consolidates the recent gains while off the May’s highs. The aussie is trading just below the 0.6550 resistance and above the main SMAs while the bias

Gold Price Analysis: XAU/USD sideways, trading near $1730/oz

XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break above the

Cirque du Soleil founder wants to buy back high-profile but debt-laden show

Guy Laliberte stated his intention during a radio show, but it will not be a cakewalk

Guy Laliberte wants to buy back Cirque du Soleil, keep headquarters in Montreal

Cirque du Soleil founder Guy Laliberte says he wants to buy back the internationally celebrated circus company he created more than 35 years ago.

Cirque du Soleil founder prepares offer to buy back in

Three months after selling his remaining shares in Cirque du Soleil Entertainment Group, founder Guy Laliberte said he’s preparing an offer for the debt-laden company hit by the coronavirus pandemic.

Guy Laliberté in talks with partners on a bid to win back Cirque du Soleil

The company’s founder will take part in effort to recapitalize the struggling company. He says the recovery could take years

Crypto Community Trolls Ethereum For Not Getting Its Own Emoji

The crypto community on Twitter has united once again in an epic troll, this time aimed at Ethereum. What began as a simple question as to why the second-larges

Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline

Ethereum's poor performance against BTC has spilled over into its USD pair as well, causing it to flash some notable signs of weakness.

On-Chain Metrics Show Ethereum Addresses Grow 350% From 2018 Figures

Ahead of Ethereum’s move to staking after its 2.0 “Serenity” update, investment and wallet activity on the network is increasing. The protocol has received a boost in recent times, driven by both institutional and technical factors. 

Active Ethereum Wallet Count Has Grown 350% Since 2018; What This Indicates

There is one key data metric suggests that Ethereum has built immense underlying strength over the past couple of years.

Only a Few Hedge Funds Made Money in March and April. Here’s How

Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.

Only a few hedge funds made money in March and April. Here's how.

Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

We can’t allow Covid-19 to derail efforts to unite, develop continent - Ramaphosa marks Africa Day

President Cyril Ramaphosa says the outbreak of the deadly coronavirus in Africa has exposed how far the continent still has to go before achieving its aspirations of a united and prosperous region.

57th Anniversary of Africa Day: India Unites with Africa to Fight Corona

It’s the 57th Anniversary of Africa Day! Commemorated every year on 25th May, the day asserts Africa’s dignity and contributions to human civilisation. On this day, Africans pay tribute to their founding fathers who established the Organisation of African Unity, now known as the African Union.

Why Africa can’t afford further delay on AfCFTA -- AFREXIMBANK

The devastating impact of the coronavirus pandemic on Africa’s economy has shown that the continent can ill-afford a further delay in the implementation

Africa’s energy potential can create opportunities amidst COVID-19

The AU Commission and IRENA say that the energy potential in Africa can turn the COVID-19 crisis into an opportunity for the continent and its population.

Chinese Congress Reviews National Blockchain Fund Bill

A bill to create a specialized national blockchain fund was submitted to China's congress during the annual 'Two Sessions'.

Blockchain Adoption: China’s National People’s Congress and Parliament to Review DLT Fund Proposal

The National People’s Congress (NPC), China’s parliament and the Chinese People’s Political Consultative Conference recently began conducting their annual

China: Lawmaker Proposes Creation of a National Blockchain Fund

China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund. Authorities in Beijing continue to push for more involvement of the country’s government in leveraging the emerging technology across several economic sectors.

Coronavirus could bankrupt German FA, warns treasurer

The coronavirus crisis could "potentially threaten" the existence of the German FA (DFB), its treasurer Stephan Osnabruegge warned Monday.

Coronavirus could bankrupt German FA, warns treasurer

The coronavirus crisis could "potentially threaten" the existence of the German Football Association (DFB), its treasurer has warned Monday.

Coronavirus Pandemic Could Bankrupt German FA, Warns Treasurer

German FA treasurer Stephan Osnabruegge warned that the DFB is in the deepest economic crisis of the recent past.

Dozens of Chinese companies added to US blacklist in latest Beijing rebuke

The blacklisted companies focus on artificial intelligence and facial recognition, markets that US chip companies such as Nvidia Corp and Intel Corp have been heavily investing in.

Chinese tech giant criticizes US for 'politicizing business'

BEIJING — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.

Chinese Tech Giant Criticizes US for 'Politicizing Business'

One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government ent

CUNY teachers face ax as $115M in coronavirus budget cuts loom

City University colleges are rolling out plans to slash their adjunct teaching staffs as the system faces a nearly $150 million cut in aid thanks to the coronavirus budget crises at City Hall and in

Justice sector budget cuts ‘will negatively impact SA’s corruption fighters’

The department further expects a budget cut to hinder Legal Aid SA's ability provide legal representation for the indigent and vulnerable citizens.

SA's corruption fighters may be crippled as justice sector faces cash crunch over Covid-19

The fight against corruption may falter while the country deals with the Covid-19 pandemic, as a budget cut of R1.7 billion is being "bandied about" for the already perennially cash-strapped justice sector.

Canada Revenue Agency extends some trust and corporate filing deadlines

The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.

Canada Revenue Agency extends some trust and corporate filing deadlines

The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1

CRA extends some trust and corporate filing deadlines

The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.

How is Covid-19 playing out in rural India?

Even if the incidence of infection is not high in rural areas, its affect on rural-urban migration has debilitated livelihoods

At least 23 million migrants are returning to India’s villages. Can the rural economy keep up?

The country’s villages are already grappling with hidden unemployment.

Why cash can save the rural jobs scheme

India is set to spend over ₹1 tn on the world’s largest rural employment programme. Can it be made to work better?.Large work sites should be opened proactively in each panchayat without waiting for applications. Anyone who shows up should be allowed to work and payments should be in cash

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis

These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis

The coronavirus pandemic has disrupted the management-consulting industry.

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore

Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg

Errabelli asks farmers to go for regulated cropping pattern

Minister for Panchayat Raj and Rural Development Errabelli Dayakar Rao has advised the farmers to go for the regulated cropping pattern

Officials told to help draw up crop plans at village level

Farmers urged to strictly follow government advice on cropping pattern

‘We will not sow maize crop in coming season, heed government advice’

Farmers in more than 30 villages pass a resolution to follow regulated farming

EU’s top diplomat urges ‘more robust strategy’ toward China

European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States as the center of global power.

EU’s top diplomat urges ‘more robust strategy’ toward China

BERLIN (AP) — The European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States...

EU: 'End' of U.S. Leadership, Rise of China 'Happening Before Our Eyes'

BERLIN (AP) - The European Union's top diplomat has called for the bloc to have a "more robust strategy" toward China amid signs that Asia is replacing the United States as the centre of global power.

Dharavi's doubling rate gets better than city and state

Coronavirus in Mira Bhayandar: Despite faster doubling rate, recovery rate betters at 60%; 34 new cases on Monday

Mumbai: 21-day doubling rate in Dharavi, lower than city’s 14-day average

The doubling rate of number of Covid-19 cases in Mumbai is 14 days, Chief Minister Uddhav Thackeray had said on Saturday during an interaction with doctors of BMC-run hospitals.

Huawei wants stable Samsung, Hynix chip supply, Korea Daily says

While memory chipmakers aren’t subject to the US government restrictions, Huawei worries that the Trump administration could widen its restrictions later.

Huawei seeks stable chip supply from Samsung and Hynix

Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.

Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure

Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.

Saudi Arabia sees downward trend in coronavirus infections 

Saudi Arabia sees downward trend in coronavirus infections 

Saudi Arabia to allow 1-hour walk amid coronavirus curfew

Saudi Arabia to allow 1-hour walk amid coronavirus curfew

‘Never waste a crisis’: inside Saudi Arabia’s shopping spree

The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles

Saudi Arabia allows 1-hour walk amid coronavirus lockdown

Saudi Arabia allows 1-hour walk amid coronavirus lockdown

CREDAI seeks restructuring scheme to revive realty sector

Also wants new home loans extended at 5% rate of interest

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies

‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy

UK's Sunak authorises bailout plan to rescue strategically important companies

LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...

UK's Sunak authorises bailout to rescue strategically important companies

Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options

India sharply cuts exposure to US govt securities to $156.5 billion in March

In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.

India sharply cuts exposure to US govt securities to $156.5 billion in March

India's holding declined by USD 21 billion to USD 156.5 billion at the end of March. The exposure was at a record high of USD 177.5 billion in February and USD 164.3 billion in January.

Deficit monetisation: Is it really as simple as RBI printing more money?

India has a comfortable foreign exchange reserves of $487 billion currently.

Asian shares reverse early gains, eyes on China-US trade relations

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.

Asian shares reverse early gains

Eyes on China-US trade relations.

Smartphones: the perfect gateway into the trading world [Sponsored]

It used to be the preserve of the financial expert or city worker, but trading in stocks and shares has recently become accessible to...

Alibaba Sees Stocks Slide After Projecting Slow Growth

Alibaba Sees Stocks Slide After Projecting Slow Growth

Alibaba Drops After Projecting Slowing Growth in Uncertain Times

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

Chinese e-commerce giant Alibaba’s shares drop; revenue estimates weighing on Jack Ma’s firm

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

New Bank of Canada Governor Faces Stagflation, Rosenberg Says

Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.

Canadian economy entering ‘unknowable times’ because of downturn from pandemic, Poloz says

Bank of Canada Governor says said the most pressing danger stemming from this uncertainty is that it could fuel serious deflationary pressures

Economic shock from COVID-19 to lead to higher indebtedness, Poloz says

Canada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.

Toyota to resume manufacturing operations from Tuesday

Toyota Kirloskar Motor (TKM) on Monday said it will resume manufacturing operations at its Bidadi (Karnataka) plant from Tuesday.

Toyota Kirloskar Motor to resume manufacturing operations from May 26

The company officials are closely monitoring and evaluating the situation to gradually ramp up operations, the company added.

Coronavirus impact: Toyota will resume production from May 26

Toyota will resume manufacturing operations at its plant in Bidadi from May 26 in a staggered manner to reduce the risk of contracting the Coronavirus.

COVID-19 Income Relief Payment Announcement Welcomed

The Council of Trade Unions is welcoming today's announcement from the Minister of Finance to provide individualised targeted financial support for working people who have been made redundant by their employers as a direct result of COVID-19.

All Those Without Jobs Deserve Decent Income Support

Today’s announcement of an income relief payment goes in the right direction, but leaves behind those that most need help right now.

New payment to support Kiwis through COVID - Government

The COVID-19 crisis has had a significant impact on the jobs and livelihoods of New Zealanders.

Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal

The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies

Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal

While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »

As Covid-19 Disrupts Global Supply Chains, Will Companies Turn to India?

It’s an increasingly viable option for companies anxious about sourcing from China.

N.L. launches $25-million program to support tourism sector hit by COVID-19 pandemic

Small and medium-sized tourism operators can apply for one-time funding contributions of $5,000 or $10,000, depending on their gross sales

COVID-19: Dubai Tourism, stakeholders discuss strategies for industry revival

Emirates commenced passenger flights between Dubai and nine destinations from May 21

Africa's COVID-19 recovery should harness the benefits of nature and conservation

Today, as we celebrate International Day of Biodiversity, the global community is called to re-examine our relationship to the natural world. We celebrate this day in the midst of the COVID-19 pandemic ...

India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo

The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said

Must start Rs 1,000 per month transfer now: Abhijit Banerjee and Esther Duflo

In a conversation with each other at online version of Jaipur Literature Fest on Sunday, Banerjee said that India could help in mass production of the Covid 19 vaccine, when it is developed, but cautioned that in the absence of one, India is set to see another lockdown since cases were only rising.

Transfer Rs 1,000 to each Indian per month: Abhijit Banerjee and Esther Duflo suggest Centre

Esther Duflo said India was already in a position to start universal basic income quickly as it had the Jan Dhan accounts-Aadhaar-mobile system in place.

Masiyiwa brings smiles to rural village, completes 100kw solar power project

PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district.

Masiyiwa brings smiles to Ndolwane, completes 100kw solar power project 

PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district. Ndolwane is situated  in the country’s south western province of Matabeleland South. Mr Masiyiwa broke the news on his Facebook blog. He wrote: “There is a place in rural Zimbabwe called Ndolwane. It is in a part of the country known as Matabeleland.We chose it as the first site of our ‘Re-Imagine Rural Ugesi Minigrids’. “We built a 100KW solar power plant at its small business center. It now provides power to 70 small businesses, residents and other activities. Some are using the power to irrigate market gardens to sell vegetables.

Pan-African businessman completes 100kW solar mini-grid in Zimbabwe

Philanthropist Strive Masiyiwa has completed a 100kW solar power project at Ndolwane in Bulilima district, through his ‘Re-Imagine Rural’ initiative.

How Merkel caved to Macron

Redistribution will not cure Europe’s ailments.

Ex-German Finance Minister Confirms Support for EU Economic Recovery Plan to Tackle COVID-19 Crisis

Last week, German Chancellor Angela Merkel and French President Emmanuel Macron proposed that a hefty recovery fund should be set up to shore up EU economies struggling...

The Guardian view on Europe and Covid-19: time for true solidarity

Editorial: A €500bn recovery fund proposed by Angela Merkel and Emmanuel Macron, to be distributed to the worst-hit EU countries, could be a breakthrough moment

Bust-up over climate weighs on EU-UK talks, risks trade rifts

BRUSSELS (Reuters) - Britain’s refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

* EU worried over level playing field on climate after Brexit* UK says it has own ambitious goals, rejects binding EU targets* Talks on new Brexit deal deadlocked before June crunch timeBy Gabriela Baczynska and Kate AbnettBRUSSELS, May 25 (Reuters) - Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes. While Britain has joined the global Paris agreement to fight climate change

Farmers use technology to boost sales

SCORES of farmers in Clarendon have been using locally developed technology platform

Winds damage banana crop in Gobichettipalayam

Farmers suffer massive loss

Ryots hit as gas leak damages crop, halts cultivation

Farmers demand compensation, early clearance to resume farm work

Wireline home internet download traffic jumps by 48.7 percent amid pandemic: study

Wireline home internet traffic has increased by as much at 48.7 percent in terms of download traffic and 69.2 percent for upload amid the COVID-19 pandemic.

[Monitor] TV shipments in China drop below 10m

China, the world’s largest television market, has suffered a sharp drop in shipments in the first quarter upon the COVID-19 pandemic, data showed Monday. According to Omdia, around 9,387,600 TV sets were shipped to retailers in China, dropping below the 10 million mark for the first time in nine years. The decline rate in TV shipments was 23.6 percent for China, 13.6 percent for West Europe, 8.5 percent for N...

Regional lockdowns frustrate Zimplow exports

AGRO-industrial concern, Zimplow Holdings Limited, says its export business suffered a 64 percent decline in the first quarter of the year as governments across the region implemented measures to combat the spread of Covid-19. The novel global Covid-19 pandemic, which was first detected in China towards the end of last year, is a deadly infectious disease that has spread across continents killing thousands of people from more than four million infections recorded so far. As part of a host of measures to stop the spread of the pandemic as prescribed by the World Health Organisation, governments the world over have embarked on national lockdowns. In its trading update for the quarter ended March 31, 2020, Zimplow said its export business has not been spared from the negative “The export business experienced a 64 percent drop compared to prior year as a result of measures taken by regional governments to manage the spread of the novel coronavirus (Covid-19).

I received a $1,000 stimulus check from the government — here's exactly what I did with it, Business Insider - Business Insider Singapore

Business Insider - Erin Greenawald wanted to give back to local businesses, so she donated to freelancer funds, commissioned art, and bought gift cards from restaurants.. Read more at businessinsider.sg

I received a $1,000 stimulus check from the government — here's exactly what I did with it

Erin Greenawald wanted to give back to local businesses, so she donated to freelancer funds, commissioned art, and bought gift cards from restaurants.

I received a $1,000 stimulus check from the government — here's exactly what I did with it

Erin Greenawald wanted to give back to local businesses, so she donated to freelancer funds, commissioned art, and bought gift cards from restaurants.

India's April crude processing sees biggest drop in nearly two decades

Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed

Crude processing in April sees biggest drop in nearly two decades

The lockdown and travel curbs aimed at stemming spread of COVID-19 since March 25 forced people to stay home, cutting India's fuel demand by 45.8 percent in April.

In steepest fall since 2003, processing of crude slumps 29%

India’s crude oil processing in April slumped by 28.8 per cent from a year ago, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut product

There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study

Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.

3 Reasons Bitcoin Will Ultimately Break Out To The Upside

Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com

3 Reasons Bitcoin Will Ultimately Break Out To The Upside

Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com

Ontario used auto dealers expect tough year ahead, prices already down

A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come.

Ontario used auto dealers expect tough year ahead, prices already down

TORONTO — A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come. The survey conducted by DesRosiers Automotive Consultants Inc. and the Used Car Dealers Association of Ontario found that almost a third of dealers saw prices decline between 11 and 20 per cent from March to April, …

Ontario used auto dealers expect tough year ahead, prices already down

TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.

Asian stocks subdued after China imposes new law on Hong Kong

Global financial markets already struggling to deal with huge economic uncertainty

Why markets don’t care about Hong Kong

Via the excellent Damien Boey at Credit suisse:

Asian stock market: Bears keeping the reins as Hong Kong issue intensifies

With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open

Hong Kong stocks close slightly higher

HONG KONG, May 25 — Hong Kong stocks finished today with small gains, reversing a morning sell-off, but investors remain on edge after a weekend of protests in the city against a controversial security law proposed by Beijing. The Hang Seng Index added 0.10 per cent, or 22.10 points, to...

Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses

Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law

Nikkei rises, but Hong Kong shares slip as tensions with China heat up

Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.

Tiger Brands looking at 'significant' job losses as it counts cost of pandemic

Tiger Brands employs more than 11,200 people in South Africa, excluding seasonal staff, a company spokesperson said.

Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic

Reports lower H1 earnings, defers dividend.

Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand

Tiger Brands Ltd. could make significant job cuts and asset sales this year as Africa’s biggest publicly traded packaged-food company looks to reduce costs and survive weak consumer demand worsened by the coronavirus pandemic.

French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.

French carmaker Renault could close plants and cut jobs, says union

PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...

French carmaker Renault could close plants and cut jobs: union

French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...

Covid wake-up call: Health infrastructure only 1 per cent of Smart City projects

These 69 projects, located in 55 of the 100 smart cities being developed, will cost an estimated Rs 2112.06 crore — about 1 per cent of the total Mission investment of Rs 205,018 crore.

China's trillions towards tech won't buy dominance

China wants to bring technology into its mainstream infrastructure build-out and, in the process, heave the economy out of a gloom due only partly to the coronavirus.

China’s trillions toward tech won’t buy dominance

Big spending numbers are being thrown around in China, once again. This time, it’s trillions of yuan of fiscal stimulus on all things tech. The plans are bold and vague.

Coronavirus in Tamil Nadu: COVID-19 cases in Chennai crosses 10,000 mark

The tally of COVID-19 patients in Chennai crossed 10,000 on Sunday. With this the capital city accounts for nearly 60% of the Tamil Nadu’s tally of 16,277 cases.

Tamil Nadu allows domestic flight operations, issues SOP for airports

Tamil Nadu, late on Sunday, gave nod for domestic flight operations in the State from today.Flights to Chennai, Coimbatore, Madurai and Trichy are to operate from today. However, incoming flights to b

Coronavirus Lockdown: Tamil Nadu clears air, notifies SOP for domestic air travel

Ending uncertainty over resumption of domestic flight services in Tamil Nadu from tomorrow, the state government late on Sunday said it has allowed flights to Chennai, Coimbatore, Madurai and

Covid-19: Will stimulus package work – Hits and misses

In the Covid-19 stimulus package, five pillars of Atmanirbhar Bharat were stressed upon: economy, infrastructure, tech-driven system, vibrant demography and demand.

Australian economy must come off Covid-19 ‘life support’, PM to say

SYDNEY, May 25 — Australia’s economy must not become reliant on government stimulus, Prime Minister Scott Morrison will say tomorrow, as Canberra unwinds state support and accelerates plans to spur growth. Australia has reported just over 7,100 Covid-19 infections, including 102 deaths. That is...

Household fragility points to post-COVID pain

New data suggesting two in five households have a buffer of less than one month’s pay if they lose their jobs adds to calls for the government to keep stimulus measures in place.

US farmers worried as crop prices dip

Market disruptions have been caused by the Covid-19 pandemic.

'It's kind of glum': US farmers worry as crop prices dip

Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.

'It's kind of glum': U.S. farmers worry as crop prices dip

American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic

Global Markets: German sentiment survey boosts stocks, Europe focuses on recovery fund

By Yoruk Bahceli and Saikat Chatterjee LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI's gauge of world stocks gained 0.4%, nearing a 2-1/2 month high. The pan-European STOXX 600 index was up 1.2%

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON, May 26 — Stocks gained modestly yesterday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI’s gauge of world stocks gained 0.4 per cent, nearing a...

'Very weak': Labor warned over Victoria's credit status

Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.

'Very weak': Labor warned over Victoria's credit status

Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.

'Very weak': Labor warned over Victoria's credit status

Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.

Nokia’s factory in India shuts down temporarily after employees test positive for COVID-19 *UPDATED*

Currently, most of the countries are fighting against COVID-19 and are trying their best to control it, and so is the situation in India. Even the industries are also finding it hard to come back t…

Coronavirus impact: Three Hyundai employees test positive for COVID-19

In the first week of resuming operations at the Hyundai Motor India plant, three employees were showing symptoms of being infected by the Coronavirus and have been tested positive.

Tamil Nadu records 805 new Covid-19 cases on Monday; employees from private firms test positive

Employees in some of the companies in and around Chennai are now reporting positive for Covid-19.Nokia Solutions and Networks India shut its Sriperumbudur plant after about 20 of its employees tested

Ontario offers loan of up to $500M to lottery and gaming agency

Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.

Lotteries need a loan

Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.

Ontario offers loan of up to $500M to lottery and gaming corporation

Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.

Montreal retailers reopening, with distancing measures in place

Mask-wearing, Plexiglas barriers, frequent disinfecting and no-touch browsing are some of the measures being put in place by retailers as Quebec eases measures to contain the spread of COVID-19.

Quebec cautiously optimistic as COVID-19 trends improve, Montreal retail reopens

MONTREAL — Quebec reported its sixth consecutive daily decrease in the number of people hospitalized for COVID-19 on Monday, as retail stores across the Montreal area reopened following weeks of shutdowns to slow the spread of the virus.

Montreal-area retailers reopening to public, with distancing measures in place

MONTREAL — Many retail stores in Montreal area are opening their doors today, with customers being asked to remain spaced apart and follow hygiene protocols.

ASX 200 Index: Australian shares start out the week 1.5% higher

Australian shares have started the week on the front foot, despite the growing concerns over the US and Chinese relations. Instead, markets are gearin

ASX climbs 2.2pc to 11-week high, buoyed by travel stocks

The Australian sharemarket closed at an 11-week high as shares extended their rebound from the March rout as the economy edges back to normal. 

ASX to open higher, $A steady

Australian shares are poised to advance, extending Monday's surge. German shares lift on Lufthansa rescue.

How coronavirus impacts buyers in real estate market

Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray.

Social distancing in home selling: How Lehigh Valley real estate agents are adapting to new reality

The housing market scene might soon resemble more of a hospital and less of a home but Lehigh Valley real estate agents say these measures are going to be crucial moving forward amid the COVID-19 pandemic.

Rich Chinese Snapping up Luxury Homes From Singapore to Sydney

Rich Chinese home buyers are back.

EUR/JPY bounces off lows near 117.00

The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f

EUR/JPY Price Analysis: Support emerges in the 117.00 region

The downside momentum in EUR/JPY lost momentum in the 117.00 area so far, after being rejected from monthly tops in the mid-118.00s. If sellers remain

EUR/JPY Price Analysis: Euro stays fragile below the 118.00 figure vs. yen

EUR/JPY retraced from the May’s highs while trading above the main SMAs on the four-hour chart. The spot lost some bullish momentum as it is challenging the 11

MTN and Airtel Uganda are gradually bringing back Mobile Money sending charges tomorrow

As the Covid-19 lockdown gets eased tomorrow, Ugandan Telcos are reintroducing mobile money charges gradually.

MTN, Airtel re-instate mobile money sending charges

Kampala, Uganda | THE INDEPENDENT | Telecom giants MTN Uganda and Airtel have announced they will be re-instating their charges on sending money ending the suspension that was meant to make it easy for users to go through the lockdown. During the last two months of the lockdown, customers were allowed to send money on …

MTN and Airtel Uganda re-introduce 50% discount on Person to Person and Mobile Wallet to bank transactions – Techjaja

MTN and Airtel Uganda will effective from 26th May 2020, re-introduce a 50% discount to standard tariffs for 30 days on all Mobile Money an

Bengaluru airport: 17 departures, 5 arrivals and 9 cancellations today

There have been 17 departures and five arrivals at Bengaluru's Kempegowda International airport on Monday till 9 am.Passengers of Air India Bengaluru-Hyderabad flight said that their flight was cancelled, without prior notice from the airline

215 slots ready from Bengaluru's KIA

The Kempegowda International Airport (KIA), the country’s third busiest, will resume domestic flight operations on Monday with slots opened for a total of 215 Air Traffic Movements (ATMs) — 108 departures and 107 arrivals.

Bengaluru Airport resumes operations with ‘contactless’ experience

A contactless ‘parking-to-boarding’ experience has been introduced at Kempegowda International Airport Bengaluru…

The Arrival Of The 'Unavoidable Pension Crisis'

I wrote an article in 2017 discussing the “Unavoidable Pension Crisis.” At that time, most did not understand the risk. Since then, the situation has continued

Hybrid annuities: Something to consider when choosing your pension

The best news often follows the worst. But the best news may take some time to arrive. The worst news in financial markets often comes from unexpected events, such as the international 2008/10 meltdown as a result of the American sub-prime property crash. This has now been followed by the Covid-19 pandemic, which is expected to have a much larger and longer financial impact.

Pros and cons of investing in NPS for retirement saving

National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets

Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets

Rushed log legislation deserves the chop - Federated Farmers

Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.

Rushed Log Legislation Deserves The Chop

Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.

Farmers stage tractor march in Fatehabad against curbs on paddy sowing

Soil and climate not conducive for alternative crops such as maize, they say

Haryana: Farmers take out tractor march against paddy cultivation restrictions

Farmers from Ratia block went to district headquarter Fatehabad to lodge their protest and submit a memorandum to the local administration.

'Many will starve': locusts devour crops and livelihoods in Pakistan

Farmers faced with worst plague in recent history say they have been left to fend for themselves

EU must present united front to shield pandemic-hit banks: regulator

EU must present united front to shield pandemic-hit banks: regulator

EU must present united front to shield pandemic-hit banks: regulator

European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority

EU must present united front to shield pandemic-hit banks: regulator

FRANKFURT (Reuters) - European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.

These International Stocks Are Extremely Undervalued - Part 1

In this article, we echo a similar piece done about a week ago but instead focus on undervalued international stocks. Here, we find companies hailing from Scand

My Perennial Income Portfolio

The goal is to create a ‘stocks portfolio’ which will generate enough regular dividend cash to take care of my cash flow budget when I retire. The dividends sho

Surgutneftegas: Now It Looks A Bit Less Crazy In This Crazy Market

Unlike many other Russian O&G companies, Surgutneftegas decided to cut its dividends. Earlier, the company's earnings for 2019 crashed by 8 times. From this per

US Dollar Index Asia Price Forecast: DXY parked below the 100.00 mark

The US Dollar Index (DXY) is starting the week with an attempt to retake the 100.00 mark and the 50 SMA. However, Monday’s bulls’ effort has not been successf

US Dollar Index pushes higher and approaches 100.00

The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.

US Dollar Index Price Analysis: Upside targets the 100.00 mark

Monday’s upside momentum in DXY appears to have lost some vigour in the vicinity of the key barrier at 100.00 the figure so far. A surpass of the 100.

Business excellence noms

The Kamloops Chamber of Commerce annual Business Excellence Awards are slated for the fall.

Why choose a business course? Creativity, teamwork alongside enterprise

Consider average class size, work experience, project work when choosing your course

Business owners urged to adjust to survive

MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dw...

Meet Cyrus, who wants to own Virgin through the virus and beyond

Every good auction needs a smokie.

CBD Melbourne: Some free advice for private equity giant Bain

Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.

CBD Melbourne: Some free advice for private equity giant Bain

Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.

GBP/JPY Price Analysis: Pound under pressure below the 131.50 level vs. yen

GBP/JPY is trading below the 100 and 200 SMA on the four-hour chart while making lower lows and lower highs which is the hallmark of a bear trend. The currency

EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s

The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou

S&P 500 Price Analysis: US stocks en route to the 3000 mark and beyond

After the February-March crash, the S&P 500 has been recovering a great part of its losses. The index is pressuring the May’s highs above the 100 SMA on the d

Bank of Canada head: inflation could return to target more slowly

Bank of Canada head: inflation could return to target more slowly

BoC's Poloz: Current inflation target sits within a control range of 1% to 3%

Bank of Canada's (BoC) policy framework provides the flexibility in the time it takes to get inflation back to target, BoC Governor Stephen Poloz said

Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt

Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices

Mumbai heads for highest number of daily new Covid-19 cases for any city in the world

With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.

India among 10 worst-affected COVID-19 countries; surpasses Iran as tally rises to 1.38 lakh

Coronavirus updates: Maharashtra breached the 50,000-mark on Monday. The state has 50,231 COVID-19 cases, with its capital Mumbai figuring among the world's worst-hit cities. As per BMC, Mumbai alone has 30,359 coronavirus patients.

Mumbai heads for highest number of daily new Covid-19 cases for any city in the world

With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.

Target To Close, Rebrand At Least 122 Stores In Australia

The Target retail brand is set to almost vanish in Australia, with parent company Wesfarmers announcing that up to 167 Target stores would either be re-branded to Kmart or closed down entirely....

Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales

Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has raised its price target on Wesfarmers by nearly 20%.

Why Target ended up a $3.6b black hole

It's a constant in Australian retail that Target and Kmart didn't fire at the same time, even before the arrival of fast fashion retailers and online shopping.

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

MEXICO CITY, May 25 — A slowdown in China’s economy this year should allow Mexico to attract more investment, lure companies and create jobs, Mexican President Andres Manuel Lopez Obrador said today. Speaking at a regular government news conference, Lopez Obrador pointed to forecasters’...

Coronavirus could cost Mexico a million jobs: President

Mexican President Andres Manuel Lopez Obrador said on Sunday that the novel coronavirus could cost as many as a million jobs in the country as ...

Hard times for Boeing, long a symbol of American might

New York, United States | AFP | Faced with the calamitous fallout from the coronavirus on airline customers and the broader economy, Boeing found itself in an unfamiliar and uncomfortable position in March. The company, a longtime symbol of American industrial power, was unable to raise the funds to finance its business. Since that low point …

Hard times for Boeing, long a symbol of American might

Boeing, a longtime symbol of American industrial power, was unable to raise the funds to finance its business.

Hard times for Boeing, long a symbol of American might

Hard times for Boeing, long a symbol of American might

Liz Weston: Find free, solid money advice in uncertain times

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...

Liz Weston: Find free, solid money advice in uncertain times

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the internet.Finding someone who knows what they’re talking about, and who isn’t trying to take advantage of you, can be tougher. Fortunately, several groups of credentialed, trustworthy financial advisers are stepping up to offer free help.Groups such as the Financial Planning Association, the XY Planning Network, the National Association of Personal Financial Advisors, the Association for Financial Counseling & Planning Education and the National Foundation for Credit Counseling are among the organizations offering free consultations to help people na

Liz Weston: Find free, solid money advice in uncertain times

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strang

Monsoon to reach Mumbai between June 15 and 20

Update on India’s most awaited season that holds the reins of the economy — the monsoon forecast. Rajendra Kumar Jenamani, head of Regional Specialised Meteorological Centre, says India has seen the highest temperature of this year at 47.6 in the last two days. The heatwave will start subsiding from May 28 as easterly winds will […]

Kerala monsoon 2020 date: Southwest monsoon expected to reach Kerala coast on this date; check details

The Health department of the state is actively working with several awareness initiatives so that people's participation is leveraged during the Kerala monsoon months.

Southwest monsoon expected to reach Mumbai between June 15-20

The monsoon season is upon Maharashtra and the state is bracing for its impact amid the coronavirus pandemic. The head of Regional Specialised Meteorological Centre, Rajendra Kumar Jenamani informed that the city will likely witness monsoon between June 15 and 20.

Buying health insurance plans: How existing and new policyholders are impacted in times of COVID-19

The average policy seeker in a post-COVID-19 world might be more mindful about health insurance as a concept as compared to the one in a pre-COVID-19 era.

Mortgage ILS COVID-19 Dislocation To Elevate Reinsurance Costs: A.M. Best

The current dislocation of the mortgage insurance-linked securities market due to the COVID-19 pandemic is likely to cause mortgage reinsurance rates to rise. A

COVID-19 raises posers over business interruption underwriting

FOLLOWING the lockdown across the country on the backdrop of the coronavirus, COVID-19, pandemic which crippled econo

Southbank Centre at risk of closure until April 2021 due to financial pressure

The arts organisation has called for further Government support.

Southbank Centre at risk of closure until April 2021 due to financial pressure

The arts organisation has called for further Government support.

Southbank Centre at risk of closure until April 2021 due to financial pressure

The arts organisation has called for further Government support.

German IFO’s Economist: Economy sees light at the end of the tunnel

Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad

German economy starting to see light at end of tunnel - Ifo economist

BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.

German business morale rebounds in May as corona restrictions are eased

The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.

PM's economic package 'jumla', less than 1pc of GDP: Prithviraj Chavan

PM's economic package 'jumla', less than 1pc of GDP: Chavan

Senior Congress leader Prithviraj Chavan, incidentally, had demanded a Rs 21 lakh crore package in April this year.

Book sales soar as French lockdown eases

Even so, overall, sales were 60 percent down compared the corresponding period in 2019.

Book sales soar as French lockdown eases

A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.

Book sales soar as French Covid-19 lockdown eases

PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...

Hundreds test positive for coronavirus at meatpacking plant in Brazil

SAO PAULO, May 25 (Reuters) - Hundreds of meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday, amid global concerns about the pandemic disrupting food supplies. Brazilian meatpacker BRF said in a statement that nearly 340 people, or 6.6% of workers, at its Concórdia plant in Santa Catarina state had tested positive for the virus.

Brazil BRF meatpacking plant hit with more than 300 coronavirus cases

Nearly 340 meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday. Brazilian meatpacker BRF said in a statement that 6.6% of its 5,132 workers at its Concórdia plant in Santa Catarina state had tested positive for the

Brazil BRF meatpacking plant hit with more than 300 coronavirus cases

SAO PAULO (Reuters) - Nearly 340 meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday.

Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'

Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.

Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'

Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.

Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'

Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.

Rand steadies, stocks open lower

At 0710 GMT, the rand traded at 17.6050 per dollar, compared with its close of 17.5970 on Friday.

Rand steadies, stocks open lower

Bonds firm.

EDITORIAL: Reform to benefit farmers

Agriculture contributes 26 per cent of the gross domestic product.

Agriculture reforms threaten to split politicians

Farmers demand access to affordable inputs and defeat of cartels strangling sector.

PNC Financial Services Group Inc. Sells 14,392 Shares of Koninklijke Philips NV (NYSE:PHG)

PNC Financial Services Group Inc. trimmed its holdings in Koninklijke Philips NV (NYSE:PHG) by 12.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 99,418 shares of the technology company’s stock after selling 14,392 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Koninklijke Philips were worth $3,992,000 at the end of […]

Edison International (NYSE:EIX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of Edison International (NYSE:EIX) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,271 shares of the utilities provider’s stock after selling 3,487 shares during the period. PNC Financial […]

Merkel's conservatives want stimulus package to include tax relief: document

Merkel's conservatives want stimulus package to include tax relief: document

Merkel's conservatives want stimulus package to include tax relief - document

BERLIN (Reuters) - Chancellor Angela Merkel's conservatives are in favour of bringing forward tax relief measures worth at least 5 billion euros to help companies and consumers recover more quickly from the coronavirus pandemic, a document showed on Monday. Merkel's coalition government, which in March approved an unprecedented 750 billion-euro rescue package to shield Europe's largest economy from the impact of the coronavirus, is due next week to present additional stimulus to sustain the recovery. In a position paper seen by Reuters, lawmakers from Merkel's conservative bloc called on several measures to reduce the tax burden for the private sector, including making it simpler to offset losses against tax and speeding up already agreed tax cuts

FPJ Edit: RBI by itself cannot rev-up the economic engine

Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy 

RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.

Public sector wage battle looms for the Berejiklian government

The Berejiklian government will face a revolt from the Opposition, Greens and the crossbench in the upper house if it attempts to freeze public sector wages.

Public sector wage battle looms for the Berejiklian government

The Berejiklian government will face a revolt from the Opposition, Greens and the crossbench in the upper house if it attempts to freeze public sector wages.

Trudeau, Singh pressed on parties’ decisions to access COVID-19 wage subsidy

All three parties have said donations have dropped further since the COVID-19 pandemic began

Trudeau, Singh pressed on party's decision to access COVID-19 wage subsidy

Prime Minister Justin Trudeau faced multiple questions today on why his party applied for a federal wage subsidy program for organizations facing economic hardship due to COVID-19.

Stop escalating oil prices -- lawmakers

The three said that aside from urgently repealing the TRAIN law, oil prices can be lowered further in the long term by enacting three  legislative measures that will free the country from the stranglehold of the oil cartel.

Oil firms set price hike whopper: P2.30 per liter of diesel

Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.

Sberbank Buys 5,000 Blockchain ATMs as Russia Ponders Criminalizing Crypto Use

Sberbank is buying contactless blockchain-powered ATMs. This comes after a bill was proposed to penalize companies that use crypto.

The Right To Bear Crypto? Trump Allies Introduce Comprehensive Blockchain Bills

In 2020, two Pro-Life, Pro-Guns, and Pro-Trump Conservative Republicans in Congress could now be designated as Pro-Crypto and Pro-Blockchain.

Teachers Mutual chalks up 300 per cent increase in mortgage deals

Teachers and emergency service workers are refinancing and borrowing to buy homes.

Virtual Reserve Bank cash cut lowers rates

A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.

AUD/JPY erases gains on lingering US-China tensions

The early risk-on tilt seen in the financial markets has faded, as evidenced by AUD/JPY's pullback from the session high of 70.58 to 70.30. The JPY cr

AUD/JPY: Bearish case getting cheaper as each session passes

AUD/JPY has been on the bid at the start of this week and despite ongoing geopolitical tensions that have weighed on commodity markets. There has been

ONGC may buy IL&FS’ 26% stake in Tripura power arm

IL&FS invites expressions of interest for share acquisition

IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid

IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr

Kotak Mahindra Bank shareholders approve plan to raise capital

Kotak Mahindra Bank on Monday said it has received shareholder approval for its capital raising plans.“We would like to inform you that the above mentioned special resolution has been passed by the me

Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares

Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof

CREDAI writes to PM Modi, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis

COVID-19: CREDAI writes to PM, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has

Stock, Forex, Commodity, Currency Markets Shut For Ramzan

The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).

Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020

On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »

Fewer meetings will help achieve 100% productivity, say developers in survey

Working longer hours wasn't an issue but developers said they wanted fewer meetings as it cuts into productivity. The survey found that 97% of developers who worked over 60 hours reported they were happy with their job.

Productivity over meetings: Survey reveals what developers want to be more productive at work

During the survey, when developers were asked what they would need to achieve 100 percent productivity at work, 70 percent of developers opted for fewer meetings.

Is Jio Platforms looking to raise more funds?

Jio Platforms, the wholly-owned subsidiary of Reliance Industries Ltd (RIL), is reportedly scouting for more funds, with the firm in talks with two more investors.The company controlled by Asia’s rich

KKR becomes Jio Platform's fifth investor in five weeks | ZDNet

Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.

Time has come to merge income support schemes with MGNREGA

The legal framework of the MGNREGA scheme does allow this on farms owned by people of SC/ST communities, and on the lands of marginal farmers.

Would Modi government move towards direct cash transfers?

Merging state and central income support schemes will make Rs 5 lakh crore available to extend basic income to poor households; this will also stop leakages.

Aston Martin's chief to leave as a part of shake-up

GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...

Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source

(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.

Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...

Shares in depository account can be used as margin till August 31: SEBI

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.

Sebi okays use of shares in depository account as margin until Aug 31

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system

Cenovus Energy Inc (NYSE:CVE) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 14.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 228,789 shares of the oil and gas company’s stock after selling 37,838 shares during the period. Fiera Capital Corp’s holdings in […]

Oppenheimer Asset Management Inc. Has $831,000 Stake in Spirit Realty Capital Inc (NYSE:SRC)

Oppenheimer Asset Management Inc. raised its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 56.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,797 shares of the real estate investment trust’s stock after purchasing an additional 11,473 shares during the period. Oppenheimer Asset Management […]

Mexican auto industry groups urge Puebla state to allow operations to restart

Mexican auto industry groups urge Puebla state to allow operations to restart

Mexican auto industry groups urge Puebla state to allow operations to restart

MEXICO CITY — Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus.

Hold Colgate-Palmolive (India); target of Rs 1350: ICICI Direct

ICICI Direct recommended hold rating on Colgate-Palmolive (India) with a target price of Rs 1350 in its research report dated May 23, 2020.

Buy Hawkins Cookers; target of Rs 4900: ICICI Direct

ICICI Direct is bullish on Hawkins Cookers has recommended buy rating on the stock with a target price of Rs 4900 in its research report dated May 22, 2020.

BSE, NSE shut today on account of Ramzan Id

On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.

Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%

Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.

Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow

Wholesale commodity markets, including metal and bullion, will also remain shut

Markets closed for Eid-ul-Fitar on Monday

Financial markets will resume trading on Tuesday, May 26

Anti-dumping investigation on barley the only one initiated by China on Australia: commerce minister

Since China's anti-dumping and anti-subsidy investigation and relevant punitive tariffs against Australia's barley imports have recently become sources of tension, China's Commerce Minister said the investigation is the only one initiated by China on Australia, compared to more than 100 investigations launched by Australia.

China defends tariffs on barley

In the latest salvo in the ongoing barley tariff war, China's Commerce Minister claims Australia was "subsidising" the grain and says the tariffs were based on evidence.

Nasdaq to Consolidate European CSD Business

Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.

Iceland joins Baltic unified CSD system

Trading platform Nasdaq on May 25 announced the merger of Nasdaq CSD Iceland (CSD standing for Central Securities Depository) with Nasdaq CSD SE, which covers the Baltic states.

U.S.' Regeneron to buy back $5 billion stake held by Sanofi

PARIS (Reuters) - U.S. company Regeneron Pharmaceuticals said it had agreed to repurchase approximately $5 billion of its shares directly from French drugmaker Sanofi.

Regeneron to buy back $5 billion stake held by Sanofi

(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.

Medium company turnover limit may be doubled for MSME benefits

Finance minister Nirmala Sitharaman had on May 13 announced a new definition for MSMEs as part of the ₹20 lakh crore economic stimulus package. Besides a change in definition, she had announced a ₹3 lakh crore credit guarantee scheme to provide collateral-free loans to MSMEs.

99% MSMEs won’t benefit from Centre’s loan scheme: Chavan

As part of the stimulus package to revive small businesses from the financial damage caused by the prolonged coronavirus-induced lockdown, Union Finance Minister Nirmala Sitharaman had announced Rs 3.70 lakh crore collateral-free automatic loans for businesses, including MSMEs.

CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi

The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.

Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector

The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.

China's Great Wall expects mild domestic auto sales growth in H2

BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

China's Great Wall expects mild domestic auto sales growth in second half

BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

Cambodia bourse sees first bank listing

PHNOM PENH, May 25 — Cambodia’s largest commercial bank listed on the country’s stock market today, the first lender to trade on the fledgling exchange, despite uncertainty caused by the coronavirus pandemic. Acleda Bank became the sixth firm to join the Cambodia Securities Exchange (CSX),...

Cambodia bourse sees first bank listing

Acleda Bank, the largest commercial bank in Cambodia, downplays the risks of debuting on the Cambodia Securities Exchange during the coronavirus pandemic

Mackay Shields LLC Invests $1.78 Million in Axon Enterprise Inc (NASDAQ:AAXN)

Mackay Shields LLC acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the first quarter, Holdings Channel.com reports. The fund acquired 25,200 shares of the industrial products company’s stock, valued at approximately $1,784,000. A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. Wealth Quarterback LLC […]

Mackay Shields LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mackay Shields LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,985 shares of the technology company’s stock after selling 58 shares during the quarter. Mackay Shields LLC’s holdings […]

Council of the Federation: COVID-19 prompts Quebec to put off premiers' meeting

Quebec is postponing the Council of the Federation meeting it was set to host this summer because of COVID-19.

COVID-19 prompts Quebec to put off premiers' meeting

Quebec is postponing the Council of the Federation meeting it was set to host this summer because of COVID-19.

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

Crude Oil Futures: Upside seen limited

CME Group’s flash data for crude oil futures markets noted open interest extended the downtrend on Friday by nearly 3.3K contracts while volume went d

Gold Futures: Correction lower on the cards

Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi

Fixed Exchange Rate: More harm than good

The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on ...

With The New ZWL $10 Banknote Worth Just US$0.25, Is RBZ Serious?

With the Reserve Bank of Zimbabwe (RBZ) coming through with its promise to issue higher denominated banknotes, this raises questions on how serious the

Canadian PM Justin Trudeau asks bank CEOs for views on economy, COVID-19 relief: Report

Canadian Prime Minister Justin Trudeau has spoken to the heads of the country's six big banks to get their views on the state of the economy and the COVID-19 relief efforts, the Globe and Mail

Globe and Mail: Canadian PM Trudeau asks bank CEOs for views on economy, coronavirus relief – Reuters

Early Monday morning, Reuters came out with the news, relying on the Globe and Mail, to convey that Canadian PM Just Trudeau seeks guidance to determi

Farmers protest restrictions on paddy cultivation in Haryana

State government wants to encourage crop diversification

COVID-19 Impact: Transfer outstanding crop loans to govt account, says Maharashtra to banks

A government resolution (GR) dated 22 May instructed banks to show the current outstanding loan of farmers as the dues of the state government.

China will work to ease Africa’s debt burden – Wang Yi

The Consul General of The Peoples' Republic of China in Lagos, Chu Maoming, has disclosed that Chinese Foreign Minister, Mr Wang Yi

China will work to ease Africa’s debt burden — Chinese Foreign Minister

Chinese Foreign Minister, Wang Yi, has said China will work with G20 to ease Africa’s debt burden, as they both have many things in common.

Lufthansa, German government agree on rescue package: dpa

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...

State aid should be reviewed 'to help EU compete with US & China'

It comes after the German government and flagship carrier Lufthansa reportedly reached an agreement on state aid worth €9 billion.

Covid-19 pandemic: Fall in household spending could reduce tax revenue by 20%

Three different scenarios were analysed, going from best to worst.

Report warns of major tax shortfall due to drop in household spending

The COVID-19 crisis could see indirect tax revenue fall by up to €6.7bn this year.The Economic...

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.

First there was JobSeeker, then JobKeeper - now it's JobMaker

Scott Morrison has signalled more federal control over skills training, accusing the states of running a system that is complex, clunky and unresponsive.

PM steps in on vocational education, pushing more federal control

Scott Morrison has signalled more federal control over skills training, accusing the states of running a system that is complex, clunky and unresponsive.

Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs

Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop

Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal

Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19

TAB to slash jobs

The sports betting agency the TAB is informing staff of job losses, after a proposal to cut hundreds of roles due to the Covid-19 downturn.

TAB makes more than 200 staff redundant

The TAB is informing staff of job losses today after a proposal to cut hundreds of roles due to the Covid-19 downturn.

China lowers yuan midpoint to weakest since 2008 global financial crisis

SHANGHAI — China’s central bank on Monday lowered its official yuan midpoint to the weakest since the 2008 global financial crisis, reflecting losses in the spot yuan on Friday after Beijing proposed a new national security law for Hong Kong.

Oil falls as US-China tensions take toll

Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from