Renault-Nissan-Mitsubishi deepen their alliance

As the auto industry faces an existential crisis from the coronavirus pandemic, Renault, Nissan, and Mitsubishi pledge to work together to 'enhance efficiency and competitiveness'

Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Nissan-Renault alliance to share more parts, technology

Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.

Renault-Nissan-Mitsubishi plan to deepen cooperation

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and

Factbox: Renault and Nissan's plan to rebuild their alliance

TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.

Renault and Nissan rule out merger

As they unveil survival plan.

Renault's Senard says it does not need to merge with Nissan

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan (7201.T) and Mitsubishi (7211.T).

Renault's Senard says it does not need to merge with Nissan

Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi. "We do not need a merger to be efficient," Senard said at a news

Renault and Nissan rebuild their alliance to ride out the coronavirus storm

When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...

Renault, Nissan rule out merger, unveil plan to save troubled alliance

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...

Renault and Nissan rule out merger as they unveil survival plan

Companies to cooperate more closely on car production to save costs

Renault and Nissan rule out merger as they unveil survival plan

PARIS/TOKYO (Reuters) - Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

TOKYO (Reuters) - Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

Renault SA , Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in ...

Nissan and Renault unveil steps to cut costs and revamp alliance

Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor

Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis

On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported

Renault and Nissan scrap Ghosn strategy in move to slash costs

Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus

From boom to bottom: Renault and Nissan bet on deeper cooperation

As Renault, Nissan and junior partner Mitsubishi repair their alliance, they are under pressure to recover from two years of falling vehicle sales, a problem exacerbated by the coronavirus pandemic

Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation

(Reuters) - Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

Renault could build cars at Nissan’s Sunderland factory in the future

The Renault Nissan Mitsubishi Alliance has been outlining its plans for the future.

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

Nissan's Future Is About To Be Decided

Even before the coronavirus pandemic struck, Nissan was in a difficult position. Profits were way down part...

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

Japan eyes fresh US$1.1t stimulus to combat pandemic pain

TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.

Japan eyes fresh $1.1t stimulus to combat pandemic pain

The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.

Factbox: Key spending in Japan's second stimulus package of $1.1 trillion

TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.

Japan OKs funds for US$1.1T stimulus to fight pandemic woes

Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.

Japan doubles down on stimulus with extra $1 trillion in aid

Package includes financing for companies, rent subsidies and healthcare assistance

Japan outlines fresh stimulus package for virus-hit economy

'With this world's biggest package equivalent to 40% of our GDP, we'll protect the Japanese economy through this once-in-a-century crisis,' says Prime Minister Shinzo Abe

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.

Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month

Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout

The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.

Japan's new budget to include US$302b in direct spending, reports Mainichi

TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...

European Commissions unveils €750-billion recovery plan

The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday

EU Commission: European recovery plan and next long-term budget to use €1.85 trillion

The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t

EU proposes 750 billion-euro coronavirus recovery fund

BRUSSELS (AP) — The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over...

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through.

EU proposes €750 billion coronavirus recovery fund

The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.

European Commission proposes €750B EU recovery package

‘Today we face our very own defining moment,’ Ursula von der Leyen says.

EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis

The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.

EU’s Von der Leyen to unveil trillion-euro recovery plan

Brussels, Belgium | AFP |  European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states. The global coronavirus outbreak has thrust the EU into its deepest ever recession, and Von der Leyen’s proposal will set out to help …

Von der Leyen seeks to rally Europe behind ‘next generation’ recovery plan

European Commission president to pitch for a huge increase in spending power

Battle ahead for EU's massive virus recovery plan

If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.

Brussels wants €750bn borrowing power to fund virus recovery

European Commission president Ursula von der Leyen must win backing from reluctant capitals

Factbox: Key climate spending in EU's 'green recovery' plan

BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore

Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus

The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.

EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus

The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe but will have to win over sceptical member states to push it through.

Boeing cutting more than 12,000 jobs with layoffs, buyouts

The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.

Boeing slashes 12,000 jobs

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

Boeing Slashes Over 12,000 Jobs, With More Cuts Coming

The cuts come as the commercial airline industry has seen a historic fall in demand.

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned

Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...

Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts

The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.

Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic

Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.

Boeing slashes 12,000 jobs as coronavirus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.

Boeing workers cope with the virus threat as layoffs loom

Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.

Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore

Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg

Elon Musk's SpaceX raises US$346 million ahead of debut astronaut mission

Elon Musk's SpaceX said on Tuesday that it raised US$346.2 million in a new round of funding, a day before it launches two American astronauts to ...

Elon Musk's SpaceX raises $346 million ahead of debut astronaut mission

US Presid­ent Donald Trump will be among the specta­tors at Kenned­y Space Center to witnes­s the launch­

SpaceX: Elon Musk's spacecraft launches today but here's how it could land closer to Kerry than outer space

A spacecraft that is expected to launch from American soil tonight could end up landing closer to Co Kerry than in outer space.

Elon Musk: Space entrepreneur’s race to Mars

Where did Musk’s obsession with Mars come from and how are current plans progressing?

LETTER: Elon Musk and Tesla to Nevada?

Bad move — he should try Texas.

Of course billionaires like Elon Musk love outer space. The Earth is too small for their egos

This week, Musk’s SpaceX will launch the first US astronauts into space in nine years. We’re meant to be inspired, but back on the ground the workers are struggling

Elon Musk rocket launch postponed due to bad weather

Craft was to be the first private enterprise vehicle in history to take humans into space

Binoculars at the ready: Elon Musk rocket to be seen in Irish skies tonight

SpaceX craft will be the first private enterprise in history to take humans into space

What The Average American Should Know About The SpaceX Crew Dragon Launch

Here are a few talking points to help you make sense of the SpaceX Crew Dragon mission - the historic first private manned mission to space.

NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch

CAPE CANAVERAL, Fla., May 27 (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.

NASA set to resume human spaceflight from US soil after nine years with historic SpaceX launch

SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of

Elon Musk: Space entrepreneur’s race to Mars

Where did Musk’s obsession with Mars come from and how are current plans progressing?

Tesla to cut car prices in North America, China

The price cut comes as states after lockdowns during which demand for cars waned.

Tesla to cut car prices in North America, China

BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.

Tesla to cut prices for some models in North America, China

U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, ...

Tesla cuts prices by as much as 6% in North America to boost demand

Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.

Tesla cuts prices by as much as 6% in North America to boost demand

BEIJING (Reuters) - Tesla Inc (TSLA.O) has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.

Tesla slashes EV prices by as much as six percent in North America

Tesla has slashed the price of its electric vehicles by as much as six percent in North America due to waning demand caused by the ongoing Covid-19 pandemic.

Tesla reduces car prices in North America and China

Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.

Tesla cuts prices by as much as 6per cent in North America to boost demand

BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...

Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump

Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.

Tesla knocks $5,000 off Model X price as coronavirus hurts demand

Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore

Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg

Tuesday Morning becomes 5th big retailer to file Chapter 11; 230 stores to close

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Discount chain QD reopens six more stores

A discount retailer is reopening a further six of its stores around East Anglia.

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Mukesh Ambani’s youngest son Anant Ambani on board of Jio Platforms; here’s what he had said about RIL

Anant Ambani, the youngest son of Asia’s richest person Mukesh Ambani, has formally joined the group’s digital venture Jio Platforms as an additional director.

Mukesh Ambani's Jio listing can profit from US-China tech war

Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China

Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.

Mukesh Ambani-Led RIL Is Preparing For Overseas IPO Of Jio Platforms, Likely To Opt For NASDAQ: Reports 

Mukesh Ambani-Led RIL Is Preparing For Overseas Listing For Jio Platforms, Likely To Opt For NASDAQ: Reports

India's Ambani prepares Facebook-backed unit for overseas IPO

Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering

Reliance Jio pushed internet usage in India, coronavirus to accelerate it further: Morgan Stanley

While Mukesh Ambani’s Reliance Jio brought telecom services revolution in India, the coronavirus pandemic will give a further push to digital adoption in the country as more and more people take to e-commerce to buy products.

RIL launches WhatsApp chatbot to answer rights issue queries

Reliance Industries Ltd (RIL), a company controlled by Asia’s richest man Mukesh Ambani, has launched a chatbot to provide answers to shareholders on its ₹53,125-crore rights issue.The chatbot, the fi

A Tech Billionaire May Find Use in a Cold War

Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.

Fewer cancellations on second day of domestic flights

The second day of resumption of domestic flights witnessed fewer cancellations as more passengers took to the skies on Tuesday. Civil Aviation Minister Hardeep Singh Puri said airports across the

Day 3 of domestic flights: Airports handle 354 departures till 5 pm, says Puri

Domestic services resumed on Monday after a gap of two months, and 428 flights were operated within the country that day.'Till 5pm on day 3 today, there have already been 354 departures & 288 arrivals with a total of 47,917 people at various airports,' said Puri

354 domestic flights soar the skies on day 3: Aviation minister

354 domestic flights soar the skies on day 3: Aviation minister. Domestic passenger flights are currently permitted to operate from all airports in the country except the ones in West Bengal.

Numbers continue to grow, 354 domestic flights operated till 5pm today: Aviation Minister

After two months of being grounded, India resumed its domestic flight services on Monday with 428 flights functioning on day one.

445 domestic flights carrying 62,641 passengers operated on Tuesday: Aviation Minister

A total of 445 domestic flights, carrying 62,641 passengers, were operated on Tuesday

Preparations in Full Swing as West Bengal to Resume Domestic Flight Operations From Tomorrow

Starting from May 28, the Kolkata and Bagdogra airports will each handle 10 arrivals and 10 departures per day.

Day 2: Airline operations smoother, but AI faces ire

Operations at India's airports were smoother on the second day after the chaos that marked the resumption of domestic flights on Monday.

Google faces antitrust case in India over payments app

The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential

Google faces antitrust case in India over payments app: Report

India Business News: The Competition Commission of India (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote it

Payments app: Google comes under CCI lens

India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the

Google faces India mobile payments competition claim

Google could be the latest mobile payments provider probed by authorities in India, as reports ...

Google faces antitrust case in India over promoting payments app: Report

The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said

Google faces antitrust case in India to unfairly promote its mobile payments app in country

India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore

Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg

Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package

Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package

Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...

Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore

Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg

Dow climbs 325 points as investors cheer efforts to boost global economies

US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.

Dow climbs 350 points as investors cheer efforts to boost global economies

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

Stocks mixed as tech sector weighs on the market

Stocks were mixed Wednesday as a decline in tech shares kept the gains in check.

Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.

While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.

3 Reasons to Buy Stocks Right Now

Are you debating whether it's a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.

Stocks Have a Psychologically Important Day

Passing key landmarks on the S&P 500 may have caused traders to reconsider why they have pushed the market so far.

Market Pulse on May 26th

S&P 500 2991,77 +36,32.

The Real Reason This Market Is Defying Gravity

Stocks Analysis by Jani Ziedins covering: S&P 500. Read Jani Ziedins's latest article on Investing.com

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

Ryanair condemns 9 billion euros state aid to Lufthansa

Ryanair condemned the German Government’s decision to award 9bn euros of State Aid to Lufthansa on top of the extensive payroll support already given to the German airline, which will further strengthen Lufthansa’s monopoly like grip on the German air travel market. The German and French Governments continue to provide enormous State Aid to their companies, many of whom do not need it, which distorts competition with other providers across Europe. Non-State Aided airlines like Ryanair, EasyJet, BA and others, will

Lufthansa says currently ‘unable to approve’ state rescue over EU conditions

FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...

Lufthansa says 'unable to approve' coronavirus rescue over EU conditions

Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.

New turbulence in high-stakes Lufthansa rescue drama

Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'

State ownership of airlines may be side effect of coronavirus

Michael O’Leary’s anger over Lufthansa’s €9bn state bailout is understandable

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg

A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore

Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg

Teens are getting into their dream schools as colleges dip into their waitlists during the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - Experts say some students are reluctant to commit to schools, and a drop in enrollment could force schools to dive deep into their waitlists.. Read more at businessinsider.sg

68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore

Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg

International students are torn on whether to study in Britain as universities contemplate virtual classrooms, Business Insider - Business Insider Singapore

Business Insider - One in five students in the UK is from overseas — and many come for the highly collaborative seminars, which may not be possible this year.. Read more at businessinsider.sg

Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore

Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg

Gold Price News and Forecast: XAU/USD tumbled to 1,705.00

Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and

Gold Price Analysis: XAU/USD declines to 2-week lows, challenges $1700/oz

XAU/USD is losing considerable strength while trading below the main SMAs on the four-hour chart. Gold is slowly reversing its monthly gains while challenging

Gold Price News and Forecast: XAU/USD at $1,700 again [Video]

With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced

USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s

The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700

Gold trades with modest losses, holds above $1700 amid escalating US-China tensions

Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com

Gold slips below $1700 mark, over 2-week low

Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina

Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

The proposed investment will be towards company's proposed brownfield expansion at company's Oragadam facility near Chennai

Tamil Nadu signs 17 agreements for investments of over ₹15,100 crore

The Memorandums of Understanding have been signed with companies from various countries and are expected to provide jobs to over 47,000 people

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Tamil Nadu to create 47,000 plus jobs, inks deals for over Rs 15,000 crore investment

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Deficit Monetisation: Government may get RBI to monetise deficit | India Business News

NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »

Government may get RBI to monetise deficit

India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao

Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date

India can tide over worst recession, but govt must be careful: Experts

Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research

Saudi Arabian airlines to resume some domestic flights from May 31

CAIRO (Reuters) - Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, the state news agency said on Wednesday.

Flights to resume in Saudi Arabia

Domestic flights within Saudi Arabia will resume on June 8

Saudia to operate 60 domestic flights during first phase

Saudia to operate 60 domestic flights during first phase

KSA to resume local flights, railway operations

Riyadh – Mubasher: The Saudi General Authority of Civil Aviation (GACA) announced that domestic flights through national carriers will be resumed on Sunday, 31 May. GACA will coordinate operations with airports, air carriers, civil aviation …

Saudi Arabian airlines to resume some domestic flights from May 31

CAIRO- Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, the state news agency said on Wednesday.

SBI simplifies EMI deferment process

India Business News: India's largest lender by assets State Bank of India on Wednesday said following RBI's extension on EMI moratorium by another 3 months - it has decide

SBI extends moratorium on loans by three months

Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.

SBI Simplifies Loan EMI Deferment Process. Here Is How To Do It

State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers.

SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''

The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions

Worried about how to defer EMI? For SBI borrowers, this would be lot more easy

10 things in tech you need to know today, Business Insider - Business Insider Singapore

Business Insider - Twitter trumps Trump. Zuckerberg embraces difference. YouTube defends China.. Read more at businessinsider.sg

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore

Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg

The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore

Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Zoox hinted it's had interest from multiple buyers.

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil

Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr

The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021

ICRA expects muted participation in spectrum auction, sees industry debt rising

Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.

Moderate participation expected in spectrum auctions: ICRA

IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at

Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA

Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry

Saudi Arabia extends tourist visas for 3 months for free

RIYADH: Saudi Arabia has extended the validity of all tourist visas which had expired during the period of suspension of international flights, the Saudi Press Agency reported. The General Directorate of Passports that the extension is done automatically through the system and does not require travel to the Directorate’s offices.

Saudi Arabia to end virus curfew next month

But the kingdom is yet to make any announcement about Haj.

Saudi takeover of Newcastle United in doubt after WTO finding

The prospect of the Saudi Arabian Government taking a majority stake in Newcastle United has suff...

The World Trade Organisation responds to claims over reports regarding Saudi Arabia and TV piracy

Newcastle United fans are awaiting news on the buy-out of the club but have still yet to receive a positive outcome

WTO disputes explained as report puts Newcastle United takeover in further doubt

The World Trade Organisation's confirmation of a dispute against Saudi Arabia could provide another obstacle to a buy-out of the Magpies

Mega lockdown puts India’s animal spirits to sleep in April

The numbers offered the first glimpse of the devastating hit to the economy.

Mega lockdown puts India's animal spirits to sleep in April

India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.

Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April

Government data will probably show expansion slowed in January-March to 1.5%

Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

The Reserve Bank of India expects contraction in the current fiscal year India’s economy was pushed into a state of … Virus Lockdown Put India Animal Spirits To Sleep, Signals Data Read More »

Animal Spirits stuck at the same place as lockdown stall economic activity

The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.

NCLT approves IL&FS stake sale in GIFT City to Gujarat govt

That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group

NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

India may need to pump $20 billion into coronavirus-hit state banks

The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.

Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise

Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.

India may need to pump $20 billion into coronavirus-hit state banks: Sources

The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later

The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

Stocks to watch: Deepak Nitrite, RIL, Sun Pharma, Titan, Tata Motors, Dabur

Here's a look at the stocks that may remain in focus today -

BPCL privatisation bid deadline further extended until July 31

While the Cabinet had in November last year approved the sale of government's entire 52.98 percent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7.

Government extends BPCL bid deadline to July 31

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.

BPCL privatisation bid deadline extended; check new date

The company distributes 21 per cent of petroleum products consumed in the country by volume as of March this year.

World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region

It explained that overall, the Lake Chad region suffered from poor development and economic indicators compared to the averages in the four countries.

World Bank approves $346 Million for Nigeria, others on Lake Chad

The World Bank has approved $346 million in International Development Association (IDA) financing to help strengthen resilience and livelihoods..

World Bank approves $346m for projects in Nigeria, others

Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility', Business Insider - Business Insider Singapore

Business Insider - Fresh risk-on attitude and the Fed's lending efforts can drive a strong rally as long as a second wave of COVID cases is avoided, Siegel said.. Read more at businessinsider.sg

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains ‘a real possibility’

Wharton finance professor Jeremy Siegel still sees a scenario where the stock market breaches new highs before the year is out, despite reopening risks, historic unemployment, and a deep recession.

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility'

The stock market can still set new record highs in 2020 thanks to fresh risk-on attitude and the Federal Reserve's stimulus, Wharton finance pro...

Gofrugal helping small retailers go digital

As the country came to a shutdown due to Covid-19, neighbourhood stores have emerged true heroes by being there for customers

Queues and limited browsing in store for English shoppers

LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...

Retail Reopening Hinges On Dangerous Discounts

Retailers want to bring shoppers back into stores, but discounting could have repercussions.

Stringent lockdown further reduced GDP forecast: Fitch

IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)

Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings

Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before

Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

Updates from the world of economy, markets, and finance

Pub jobs at risk unless social distancing is cut to one metre, trade groups warn

Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.

Pub jobs at risk unless social distancing is cut to one metre, trade groups warn

Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.

Pub jobs at risk unless social distancing is cut to one metre, trade groups warn

Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.

Saudi Arabia’s private sector employees to resume work from Sunday, May 31

The decision comes as part of a slew of measures introduced by Saudi authorities

Saudi Arabia’s private sector employees to return to their offices

RIYADH: Private sector employees will be able to start working from their offices soon, Saudi Arabia’s Ministry of Human Resources and Social Development said on Wednesday. The ministry added that all private sector entities must prepare work spaces so that they are in line with Ministry of Health guidelines to prevent the spread of COVID-19. The Kingdom is easing coronavirus

Saudi public sector employees will return to work starting May 31

Saudi public sector employees will start returning to work gradually as of Sunday May 31, after more than two months of suspension amid strict measures to help curb the novel coronavirus outbreak.

Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19.

Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.

Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here’s how tech companies are reconsidering remote work in the wake of COVID-19.

As states prepare to lift COVID-19 stay-at-home orders across the US, some of tech’s biggest players have started to solidify their timelines for reopening their offices.

Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19., Business Insider - Business Insider Singapore

Business Insider - Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.. Read more at businessinsider.sg

L&T Heavy Engineering achieves delivery of critical equipment during lockdown

L&T Heavy Engineering achieves delivery of critical equipment during lockdown

L&T delivers critical nuclear power plant equipment to global customers during lockdown

The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.

L&T Heavy Engineering supplied critical equipment to four countries during lockdown

‘Over a third of Indian women have never bought gold jewellery’

14% will never consider buying; jewellers need to meet the fashion expectations of women, says World Gold Council survey

Over a third of Indian women don't own gold but want to buy it: WGC survey

60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.

60% women in India own gold jewellery: WGC survey

GDP growth may rebound to 5% in FY22: Former RBI governor

The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency

India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao

Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.

Four things firms need to know about protecting employees during times of crisis

Four things firms need to know about protecting employees during times of crisis

In crisis times, clear communications deliver

Not just external, businesses must work just on the messaging

Sari Baldauf takes over as Nokia chair from Siilasmaa

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

Nokia veteran Sari Baldauf takes over as 5G battle rages

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

America’s threat to delist Chinese companies could make everybody better off

Far from confirming fears of a widespread delisting of Chinese firms, a proposed U.S. law will likely improve the investment environment.

[Shang-Jin Wei] America’s delisting threat could pay off

After passing unanimously in the US Senate on May 20, the Holding Foreign Companies Accountable Act is heading for the House of Representatives, and US President Donald Trump is expected to sign it into law. The law requires that all companies listed on US stock exchanges submit to audits reviewable by the US Public Company Accounting Oversight Board, and non-compliant firms can be delisted after three years. This ha...

Amazon India to provide free Covid-19 health insurance to sellers

India Business News: Amazon India on Wednesday said it will provide free Covid-19 health insurance to its sellers in the country to help cover expenses around hospitalisat

Amazon offers free health cover upto ₹50,000 for its sellers

Amazon on Wednesday said it would provide a COVID-19 health insurance, completely free of cost, for its sellers in India. The insurance will cover the expenses related to COVID-19 hospitalisation and

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

Canada's main stock index recovered from early trading weakness Wednesday to move to its highest closing in nearly three months on the strength of the heavyweight financials sector.

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

TORONTO — Canada's main stock index was down in late-morning trading as strength in the financial sector couldn't offset broad-based weakness on the Toronto Stock Exchange led by the materials sector. The S&P/TSX composite index was down 139.

NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL

This assumes significance because NTPC is primarily power generation company.

NTPC to enter distribution space, eyes ADAG's two BSES discoms in Delhi

The ADAG has two discoms namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL)

A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.

A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.

Lagarde: It’s even worse than we thought

ECB president supports more public spending as milder economic predictions are ‘out of date.’

Surprising Euro Strength

Italian public finances are rapidly becoming unsustainable without the ECB buying large quantities of its debt, the Merkel/Macron plan is no alternative. Withou

Analysts: On-chain Data shows Ethereum is “Undervalued”

Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered. 

Raiden Network’s Alderaan Beta Launched on the Ethereum Mainnet Ahead of the Beacon Chain

On May 26, 2020, the Beta version of Raiden Network’s Alderaan was launched on the Ethereum mainnet. In an announcement made through GitHub, this version follows up on the Red Eye release and introduces monitoring services, path-finding services, and mediation fees. There is no news on Atomic Swaps.

Economy may contract by over 40% in Q1: SBI Research

SBI Research estimates the economy will contract by 6.8 per cent in FY21.

April manufacturing IIP to contract by 50-60 per cent: Report

"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.

Germany's Scholz: Very likely that we will get an agreement on EU recovery plan

Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G

Germany’s Scholz sees recovery fund as more than money

German finance minister talks to POLITICO about the need to look beyond national economies to make an EU that can work for decades to come.

50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report

The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months

‘We are experiencing unprecedented shifts in consumer attitudes’

Facebook India-BCG report reveals steps businesses can take in the new normal

West African food trade under strain as COVID-19 shuts borders

* Traders see up to 30% losses due to COVID-19 restrictions* Goods spoil as border closures disrupt food transport* Trade frictions could contribute to food crisis - U.N.By Aaron RossDAKAR, May 27 (Reuters) - In ordinary times, it takes Boureima Diawara two or three days to truck his mangoes the 1,200 km (745 miles) from southern Mali to Senegal's seaside capital Dakar.

REFILE-West African food trade under strain as COVID-19 shuts borders

(Fixes typo in paragraph two)* Traders see up to 30% losses due to COVID-19 restrictions* Goods spoil as border closures disrupt food transport* Trade frictions could contribute to food crisis - U.N.By Aaron RossDAKAR, May 27 (Reuters) - In ordinary times, it takes Boureima Diawara two or three days to truck his mangoes the 1,200 km (745 miles) from southern Mali to Senegal's seaside capital Dakar.

Lengthy housing recovery

Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.

Realtors dismiss 'nightmare'

Canada Mortgage and Housing Corp. (CMHC) released a housing forecast May 27 that envisioned a nightmare collapse of the housing market with national sales dropping up to 29 per cent, starts plunging by 50-70 per cent and average house prices dropping as much as 18 per cent with no real recovery until 2022.

Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript

Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C

Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript

Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P

Kerala launches BevQ app ahead of reopening liquor sales

The liquor stores in Kerala will remain open from 9:00 am to 5:00 pm; bookings on the BevQ app have been allowed from 6:00 am to 10:00 pm

Kerala launches BevQ app to sell liquor

Kerala, which has the highest per capita alcohol consumption in India, rolled out the app to deliver e-tokens for liquor purchase.The app is the state's exit-strategy to open alcohol shops closed due to the lockdown in the wake of the covid-19 pandemic

Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?

Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?

Business will be the loser in the US-China fight

Both nations are indispensable, so companies face a two-track world

Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)

Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.

Why You Shouldn't Worry About Moderna's Recent Insider Selling

No foul, no harm with four of Moderna's top execs selling shares right after the biotech's big news last week.

68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims

More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.

Covid-19 unemployment pay 'real kick in the gut', beneficiaries say

Beneficiaries are angry the government is treating them differently to people who have lost their jobs because of the pandemic. The Covid-19...

G R Chintala takes over as NABARD chairman

Chintala replaces H K Bhanwala, who headed the organisation for more than six years.

NABARD gets its new chief, G R Chintala

Virgin Galactic Stock Will Reach $30 Again, but the Timeline Is Cloudy

Investors should expect a slow build in SPCE stock with an eye towards an eventual doubling of the share price.

As SPCE Stock Remains a Moonshot, Stay on the Sidelines

A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.

UK lockdown drives fastest growth in grocery sales for over 25 years

LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...

UK lockdown drives fastest growth in grocery sales for over 25 years

United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.

WTI tumbles more than 5% toward $32.00

WTI (July futures on Nymex) broke to the downside and lost 4% in a few minutes, falling to $32.10, the lowest level since last Friday. The price is lo

WTI attempts a bounce above $34 mark ahead of API data

WTI (July futures on Nymex) witnessed a quick bounce from daily lows of 33.52 and regained the 34 handle in the last hour, now consolidating above the

'Mothership' office on horizon but don't write off London: Canary Wharf

'Mothership' office on horizon but don't write off London: Canary Wharf

‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss

LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...