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...

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

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.

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 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 »

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

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…

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.

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.

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…

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…

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.

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

VW defeated in landmark Dieselgate case brought by van buyer

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

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" ...

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.

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 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.

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.

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

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

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

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...

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.

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...

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.

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

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

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 »

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

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 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.

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

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

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.

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

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

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

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 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

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

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.

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 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 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.

NNPC says top management appointments on merit

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

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 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

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 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.

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.

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

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

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.

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.

‘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

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

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.

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.

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.

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

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.

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 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

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 […]

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.

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.

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.

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.

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.

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.

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.

Still A Lot of Value in Corporate Bond Market

Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c

Still A Lot Of Value In Corporate Bond Market

Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev

Stimulus Checks Waiting For People With Little Income And No Income

People who have no income at all are eligible to get stimulus checks. People with low income are eligible to get stimulus checks. Homeless people are eligible to get stimulus checks. And, yes, people who aren’t legally required to file federal taxes can get a $1,200 stimulus check.

Will Social Security Beneficiaries Qualify for a Second Stimulus Check?

Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?

Salary (CTC) calculation: Earning Rs 40,000 or Rs 30,000 as DA+Basic? You may get this extra amount

Salary (CTC) calculation: Under CTC model, if the monthly EPF wages of an employee is Rs 10,000, then he/she will get Rs 200 more directly from the employer as the share of the employer's contribution to EPF/EPS will be reduced and Rs 200 less will be deducted from his/her wages

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

One of New Zealand's largest media organisations is being sold for just $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. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.

German activity picks up, can’t escape official recession

FRANKFURT, Germany (AP) — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings...

German activity picks up, can't escape official recession

FRANKFURT — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings as Germany faced a long journey toward full recovery from the coronavirus downturn. Revised official figures released separately Monday showed the economy has now recorded two straight …

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

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.

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