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.

German government agrees €9B Lufthansa bailout

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

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%

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.

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 Lufthansa agrees to government's $9.8b aid

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

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

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.

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 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 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...

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.

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.

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.

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 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...

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

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 Airtel promoter to raise USD 1 billion through equity

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 $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 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

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

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.

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.

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.

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

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.

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.

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

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

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…

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.

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.

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 ...

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.

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.

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

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.

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

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.

India announces 10 additional repatriation flights from Qatar

Doha: India has announced 10 additional flights as part on the ongoing repatriation mission from Qatar. Air India and Air India Express will operate the additional flights.

India’s Consulate in Dubai warns against repatriation flights scams

India’s Consulate in Dubai warns against repatriation flights scams

PCCI supports cut in corporate taxes

The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.

[ANALYSIS] Why make the poor pay for the coronavirus response?

'It’s all a bizarre repeat of TRAIN where the poor are made to pay more so the rich can pay less. This time around, amid the COVID-19 crisis, the rich will benefit from the biggest corporate tax break in Philippine history.'

Walmart Mexico pays Mexico about $359 million in back taxes

MEXICO CITY (AP) — Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant...

Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

Quarantined investors create ‘perfect storm of stupid’ (Plus, a TSX stock skyrocketing on the shift to remote working)

A roundup of investment ideas for active investors

Algorithmic selling risk of your money

OVER my last 32 years, I have seen many a ‘latest fashion’ encourage investors to run toward emptying their bank accounts.

Federal government launches hotline to offer businesses advice amid COVID-19 pandemic

The federal government has partnered with the Canadian Chamber of Commerce to launch a hotline to provide free advice to businesses.

COVID-19 Economic Recovery: 'Our Companies Will Do as Well as Russia Does', Says AmCham Russia CEO

As most businesses headquartered in Moscow, including foreign firms, remain on COVID-19 lockdown, the American Chamber of Commerce in Russia has moved most of its...

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.

British cheesemakers call on consumers to buy Stilton as sales plummet 30%

The makers of the famous English cheese Stilton -- first British cheese to be awarded the protected designation of origin status -- are worried about the future after a sharp drop in sales since the introduction of containment and the closing of borders during the pandemic.

British Columbia alcohol sales spike as social cues are lost

Compared to same period last year, alcohol sales rose 21.5 percent since 2018

EU to announce green strings for post-pandemic funding

The European Union is due to announce economic recovery plans which could be up to one trillion euros and wants to pull Europe out of the crisis with green measures.

Global engines fire up again, Europe makes steady start

Europe, despite reeling under the pandemic, is steadily opening up.

India now among top 10 worst-hit

With around 7,000 new cases in a day,India's tally of novel Coronavirus cases surpassed that of Iran's as it recorded 1,38,845 till Monday

Coronavirus Update: Death Tally Crosses 4K Mark, Total Cases Reach 1,38,845; Here’s The Latest State-Wise Data

A record 6,977 new coronavirus cases and 154 more fatalities were reported in the last 24 hours in India, taking the total number of such cases on Monday (25 May) to 1,38,845, a Health Ministry data revealed.

Harte Gold: Digging Into The Q1 Results

Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio

Newmont Corporation: Digging Into The Q1 Results

Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above

Post-Pandemic Economy: Great Depression or Growth Point?

Russian scientists are getting ready to submit their proposals to the Nationwide Action Plan to counter the pandemic in the Russian Federation. Which sectors of the...

Why Didn’t the 1958 and 1918 Pandemics Destroy the Economy? Hint: It’s the Lockdowns

Leaving aside the fact there's no evidence lockdowns actually work, we can nonetheless look to past pandemics