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

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

Germany Will Take 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.

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.

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

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

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

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

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

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

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.

Berlin takes the controls at Lufthansa in €9B bailout

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

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.

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

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

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The Airbus A-320 from Lahore to Karachi was 15 nautical miles from the Jinnah International Airport, flying at an altitude of 10,000 feet above the ground instead of 7,000 when the Air Traffic Control (ATC) issued its first warning to lower the plane's altitude, Geo News quoted an ATC report as saying.

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's altitude and speed before the landing, saying he

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The Airbus A-320 aircraft from Lahore to Karachi was 15 nautical miles from the Jinnah International Airport in Karachi, flying at an altitude of 10,000 feet above the ground instead of 7,000 when the Air Traffic Control (ATC) issued its first warning to lower the plane's altitude, Geo News quoted an ATC report as sayi

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

Pakistan News: KARACHI: The pilot of the crashed Pakistan International Airlines plane ignored three warnings from the air traffic controllers about the aircraft's a.

Crashed PIA plane's pilot ignored 3 warnings to lower altitude

The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's altitude and speed before the landing, saying he was satisfied and would handle the situation, according to a report on Monday. The national flag

PIA crash: Crashed Pakistan plane's pilot ignored 3 warnings to lower altitude

The claim is being made based on an ATC report seen by Geo News

Pakistan plane crash: Crashed PIA plane’s pilot ignored 3 warnings to lower altitude, says report

The probe team, headed by Air Commodore Muhammad Usman Ghani, President of the Aircraft Accident and Investigation Board, is expected to submit a full report in about three months.

PIA pilot ignored 3 warnings to lower altitude before crash: Report

The pilot of the crashed Pakistan International Airlines plane ignored three warnings from the air traffic controllers about the aircraft’s altitude and speed before the landing, according to media reports on Monday. The crash of the national flag carrier’s flight PK-8303 on Friday, in which 97 people were killed and two miraculously survived, is one […]

Crashed Pakistan plane's pilot ignored 3 warnings to lower altitude: Report

Crashed Pakistan plane's pilot ignored three warnings from the air traffic controllers about the aircraft's altitude.Instead of lowering the altitude, the pilot responded by saying that he was satisfied

Crashed Pakistan plane’s pilot ignored 3 warnings to lower altitude: Report

The report said that the plane had enough fuel to fly for two hours and 34 minutes, while its total flying time was recorded at one hour and 33 minutes.

Pilot of PIA flight ignored 3 warnings to lower altitude before Pakistan crash: Report

Pakistani investigators are trying to find out if the PIA crash is attributable to a pilot error or a technical glitch.

Crashed Pak plane's pilot ignored 3 warnings to lower altitude: Report

Crashed Pak plane's pilot ignored 3 warnings to lower altitude: Report. Instead of lowering the altitude, the pilot responded by saying that he was satisfied. When only 10 nautical miles were left till the airport, the plane was at an altitude of 7,000 feet instead of 3,000 feet, it said. The ATC issued a second warning to the pilot to lower the plane's altitude. However, the pilot responded again by stating that he was satisfied and would handle the situation, saying he was ready for landing, the report said.

PIA plane crash: Ayaz Sadiq extends condolences to martyred pilot's family

PIA plane crash: Ayaz Sadiq extends condolences to martyred pilot

Domestic flight services resume in India after two months

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

Domestic flight services resume in India after two months

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

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

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

In pics: Domestic flights resume after two months of coronavirus lockdown

Domestic flights resume: Passengers would also need to declare that they are medically fit to travel. They can do so by downloading the Aarogya Setu app or filling a self-declaration form

630 cancellations as domestic flights resume in India

630 cancellations as domestic flights resume in India. 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.

COVID-19 lockdown: Domestic flight services resume in Mumbai

COVID-19 lockdown: Domestic flight services resume in Mumbai: As many as 20 flights were operated to and from the Mumbai airport till 12:45 pm on Monday after .... Get all latest entertainment & viral stories on english.lokmat.com

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...

COVID-19 lockdown: See what happens when domestic flights resume in India after two months

Airlines were only alerted to the plan to restart flights five days ago

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.

Domestic flights resume in India despite record spike in new coronavirus cases

Domestic Air travel resumed across India on Monday, two months after the coronavirus lockdown announcement by the country's Prime Minister Narendra Modi. International flights could begin in June. With increasing number of coronavirus cases many Indian states were not willing to start the domestic flights but India's federal civil aviation minister Hardeep Puri said in a tweet this morning, "Today, we restart domestic flights. India's civil aviation is always on the forefront." Scheduled commercial passenger flights were suspended on March 25, when the Centre imposed a nationwide lockdown to prevent the spread of the novel coronavirus.

Flight operations resume in Karnataka after two months

After a gap of almost two months, domestic flight operations resumed at major airports in the State, including Kempegowda International Airport (KIA) in Bengaluru, on Monday. Till evening, KIA saw 43

COVID-19: Domestic Flights Resume In India Except In Andhra Pradesh, West Bengal

Elderly, pregnant ladies and kids have been advised to avoid air travel for now.

Passenger flight service resumes in Assam after 2-months

Nagaland Page is an English newspaper published from Dimapur, Nagaland.

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 flights resume in Delhi, over 80 cancellations leave flyers in a fix

In the departure area of Terminal 3, passengers lined up for check-in wearing masks and gloves and many even with face screens. Among those were people who were happy at the thought of being home by evening for Eid.

Domestic flights resume today, over 80 cancellations at Delhi airport, 20 in Bengaluru

India domestic flights resume: By 10 am, several took to Twitter to accuse national carrier Air India of either cancelling without any prior notice or goofing up departure schedules.

Central set to resume flights

Central Mountain Air will resume commercial flights starting July 6.

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.

Flight operations in Andhra Pradesh to resume today

The State government has listed guidelines for passengers and airlines in view of resumption of domestic operations in the country. An order by the Department of Infrastructure and Investments has bee

As flights resume, more passengers leave than arrive in Mumbai

24 flights depart from city, while 23 land; seven airlines carry 4,852 passengers to and fro; highest passenger load to Delhi

As flights resume, passengers settle into new normal despite cancellations

All major airlines such as IndiGo, Air India, SpiceJet, Air Asia and others operated 30% of their regular schedules between destinations, strictly adhering to the safety protocols set by the Ministry of Civil Aviation.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In pictures: UK heads outdoors for bank holiday sunshine

Beaches and beauty spots prove a draw for families and friends in the sunny weather as lockdown eases.

UK crowds enjoy May sunshine as lockdown eases – in pictures

As coronavirus restrictions ease across the UK, people have been flocking to parks and beaches to make the most of the warm weather

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 Telecom to sell $1 bn stake in Airtel

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

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

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

Bharti Airtel promoter to raise $1 billion 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 $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

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 Airtel promoter to raise USD 1 billion through equity

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

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

Bharti 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.

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

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

Promoters plan to sell 2.75% stake

Coronavirus | Lockdown extended till June 30 in Himachal Pradesh’s Hamirpur, Solan

Hamirpur has reported the highest 63 virus cases while 21 people have tested positive for the infection in Solan till now.

Coronavirus lockdown extended till June 30 in Himachal Pradesh's Hamirpur, Solan

Hamirpur has reported the highest 63 virus cases while 21 people have tested positive for the infection in Solan till now.The district magistrates of Hamirpur and Solan issued orders Monday extending the curfew in their areas up to June 30

COVID-19: Lockdown extended in Himachal Pradesh 's Hamirpur and Solan till June 30

COVID-19: Lockdown extended in Himachal Pradesh 's Hamirpur and Solan till June 30: Hamirpur and Solan districts in Himachal Pradesh will continue with the coronavirus lockdown for a month after the current .... Get all latest entertainment & viral stories on english.lokmat.com

Coronavirus lockdown extended till June 30 in Himachal’s Hamirpur, Solan

According to officials, Hamirpur has witnessed a spurt in cases after people in large numbers returned to the state from parts of the country recently.

Coronavirus lockdown extended till June 30 in Himachal’s Hamirpur, Solan

Hamirpur and Solan districts in Himachal Pradesh will continue with the coronavirus lockdown for a month after the current nationwide phase ends on May 31

Lockdown extended in Himachal’s Hamirpur and Solan till June 30

Hamirpur and Solan districts in Himachal Pradesh will continue with the coronavirus lockdown for a month after the current nationwide phase ends on May 31.

Coronavirus pandemic | Lockdown extended in Himachal Pradesh's Hamirpur, Solan districts till June 30

Hamirpur has reported the highest number of COVID-19 cases at 63 while 21 people have tested positive for the infection in Solan till now

Coronavirus curfew extended till June 30 in Himachal Pradesh's Hamirpur, Solan

The authorities on Monday extended the coronavirus curfew in Himachal Pradesh's Hamirpur and Solan districts till June 30.

Curfew Extended till June 30 in Solan and Hamirpur of Himachal Pradesh -

Authorities in Hamirpur and Solan districts of Himachal Pradesh on Monday extended the Covid-19 curfew till June 30, whereas one-fourth

Lockdown 5.0 in Himachal Pradesh: Hamirpur, Solan district magistrates extend lockdown till June 30

Hamirpur and Solan districts in Himachal Pradesh will continue with the coronavirus lockdown for a month after the current nationwide phase ends on May 31.

Himachal Pradesh Extends Lockdown Till June 30 as COVID-19 Cases Cross 214-mark With 5 Deaths in The State

Authorities in the state extended the lockdown till June 30 in Solan and Hamirpur districts as these two places are the new epicentres of coronavirus in the state.

Coronavirus India Update, May 25: Cases near 1.40 lakh; lockdown extended till June 30 in Himachal’s 2 districts

Coronavirus (Covid-19) India Latest Update, May 25: The total number of infections in India rose to 1,38,845 on Monday. Of these 77,103 are active, while 57,720 patients have been discharged.

Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source

(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.

Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...

Aston Martin CEO Being Replaced With Mercedes-AMG CEO

Having struggled over the past several months, the coronavirus pandemic has exacerbated problems for Aston ...

Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief

Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment

Mercedes-AMG boss to head up Aston Martin as Palmer is axed – report

A fresh report out of Europe claims Aston Martin CEO Andy Palmer will be replaced by Mercedes-AMG boss Tobias Moers in a management shake-up.

Sportscar brand Aston Martin could see AMG chief come in as CEO

Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time

Aston Martin's chief to leave as a part of shake-up

GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...

Andy Palmer to quit as Aston Martin CEO after shares plunge

Will be replaced with Mercedes-AMG CEO Tobias Moers

CEO buys struggling New Zealand media company for $1

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

CEO buys struggling New Zealand media company for $1

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

CEO buying struggling New Zealand media company for $1

LONDON: Al Jazeera’s recent interview with terrorist-designated group Hamas’ leader Ismail Haniyeh, as well as its podcast glorifying killed Iranian Gen. Qassem Soleimani, has stirred the ongoing debate surrounding the network’s alleged promotion of terrorism. The exposure given to the controversial figures has prompted experts into stating that the station and news site

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

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

CEO buying struggling New Zealand media company for NZ$1

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

Stuff CEO buys company for $1

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

Stuff CEO buys company for $1

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

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

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

CEO buys ailing New Zealand media giant for one dollar

Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.

CEO buys ailing New Zealand media giant for one dollar

Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.

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

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

One of New Zealand's largest media organisations is being sold for just $1

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.

The sale of Stuff sets the stage for a new independent media in New Zealand

The big media companies just want to get married. Duncan Greive makes the case for dozens of divorces instead. For the last few years, all the talk in New Zealand’s media has been of a need for consolidation. That our big for-profit media companies – TVNZ, Sky, MediaWorks, NZME and Stuff – all ne

Old-fashioned milkman makes the rounds as US shoppers stay home

South Mountain Creamery says it saw an almost tenfold increase in new home delivery customers over a single weekend in late March when stay-at-home measures due to the COVID-19 pandemic started in the region.

Old-fashioned milkman makes the rounds as U.S. shoppers stay home

MIDDLETOWN, Md. (Reuters) - The milk truck can be heard more than a block away, chugging along the narrow tree-lined streets of Washington’s historic Capitol Hill neighborhood.

Old-fashioned milkman makes the rounds as U.S. shoppers stay home

MIDDLETOWN, Md., May 25 (Reuters) - The milk truck can be heard more than a block away, chugging along the narrow tree-lined streets of Washington's historic Capitol Hill neighborhood. Milkman Seth Burmeister is making the first of the day's 150 home deliveries of milk, eggs and ice cream produced at South Mountain Creamery in Middletown, Maryland, some 60 miles (100 km) away.

Old-fashioned milkman makes rounds as US shoppers stay home

The milk truck can be heard more than a block away, chugging along the narrow tree-lined streets of Washington’s historic Capitol Hill neighborhood.

US bans Brazil travel over virus surge as Europe keeps easing

The United States suspended travel from Brazil over an explosion of coronavirus infections in the South American nation, but across the Atlantic

US bans Brazil travel over virus surge as Europe keeps easing

The United States suspended travel from Brazil over an explosion of coronavirus infections in the South American nation, but across the Atlantic, many parts of Europe were set to further ease lockdowns on Monday after slowing their COVID-19 outbreaks.

Coronavirus world round-up: US suspends travel from Brazil as cases surge

Follow the latest coronavirus news in our daily live blog Read all our coronavirus coverage here President Donald Trump on Sunday further limited travel from the world's coronavirus hotspots by denying entry to foreigners coming from Brazil, which is second to the US in the number of confirmed cases

US restricts travel from Brazil as coronavirus cases spike in Latin America

US restricts travel from Brazil as coronavirus cases spike in Latin America

Trump restricts travel from Brazil as its number of coronavirus cases spike

President Donald Trump's order, set to take effect Tuesday applies to noncitizens who were in Brazil within 14 days of trying to enter the US.

As Covid-19 cases surge, US bans travellers from Brazil ‘to protect country’

Brazil had reported more than 3,47,000 Covid-19 cases, second behind the US in the number of infections, according to a Johns Hopkins University count.

China to evacuate its citizens from India amid rise in coronavirus cases

The move to evacuate its citizens comes in the wake of India emerging as the 10th worst-hit country by the deadly virus, which has infected nearly 1.40 lakh people in India.People opting to return China will have to accept all quarantine, epidemic prevention arrangements during the flight as well as after entering China

China to evacuate its citizens from India amid rising coronavirus cases

The Chinese embassy put out a notice on its website on Monday, asking those wanting to return home to book tickets in special flights

China decides to evacuate its citizens from India amid rise in coronavirus cases

The Chinese embassy put out a notice on its website on Monday, asking those wanting to return home to book tickets in special flights. The move to evacuate its citizens comes in the wake of India emerging as the 10th worst-hit country by the deadly virus, which has infected nearly 1.40 lakh people in India.

China decides to evacuate its citizens from India amid rise in coronavirus cases

The Chinese embassy put out a notice on its website on Monday, asking those wanting to return home to book tickets in special flights.

China decides to evacuate its citizens from India amid rise in Covid cases

The move to evacuate its citizens comes in the wake of India emerging as the 10th worst-hit country by the deadly virus, which has infected nearly 1.40 lakh people in India.

China decides to evacuate citizens from India amid rise in coronavirus cases

India News: China has decided to evacuate its citizens, including students, tourists and businessmen, from India who are facing "difficulties" in the country and

China to evacuate citizens from India

India News: NEW DELHI: In what seems like a political move in the midst of strained relations and a military stand-off in the Himalayas, China has said it will ev.

Covid-19: China to evacuate its citizens from India

India was one of the first countries to evacuate its nationals mainly students from Wuhan, the epicenter of the outbreak, in January-February.The evacuation also comes at a time of high military tensions between India and China with Chinese troops transgressing into Indian territory

Coronavirus: China to evacuate its citizens from India amid health crisis and border tension

Meanwhile, the World Health Organization suspended the trials of anti-malarial drug hydroxychloroquine, citing safety concerns.

China plans to begin shifting its citizens stranded in India from June 2

China will ply flights to help its citizens stranded in India and facing difficulties to return to the mainland from June 2, as per a tentative schedule published on the website of the Chinese Embassy in New Delhi on Monday.

Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline

Russia recorded 8,599 new cases 153 new deaths on Sunday linked to the coronavirus, raising its overall death toll to 3,541.

Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline

Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.

Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline

Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.

Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline

Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.

Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline

Russia recorded its highest daily spike in coronavirus deaths on Sunday as its number of new daily cases appears to be on the decline.

Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline, Business Insider - Business Insider Singapore

Business Insider - Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.. Read more at businessinsider.sg

China says opposes all U.S. restrictions on Chinese airlines

China said on Monday it opposes all U.S. restrictions imposed against Chinese airlines, responding to a report that the U.S. Transportation Department has demanded Chinese carriers file their schedules and other flight details by May 27. Chinese foreign ministry spokesman Zhao Lijian said flight restrictions

China says opposes all U.S. restrictions on Chinese airlines

BEIJING (Reuters) - China said on Monday it opposes all U.S. restrictions imposed against Chinese airlines, responding to a report that the U.S. Transportation Department has demanded Chinese carriers file their schedules and other flight details by May 27.

Beijing Opposes All US Restrictions on Chinese Airlines, Foreign Ministry Says

The statement comes in response to a report that the US Transportation Department ordered four Chinese airlines to file their schedules by 27 May. The American...

China protests America's coronavirus restrictions on its airlines

The US government late on Friday accused the Chinese government of making it impossible for US airlines to resume service to China

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

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

Nissan says preparing to gradually restart Mexico operations

The automaker will begin with vehicle and autoparts manufacturing activities

Nissan says preparing to gradually restart Mexico operations

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

The impact of COVID-19 on Africa

Global solidarity with Africa is an imperative.

Impact of COVID-19: Rethinking The Business Of Fashion

“Fashion is part of the daily air and it changes all the time, with all the events. You can even see the approaching of a revolution in clothes. You can see and feel everything in clothes.” —Diana Vreeland The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It […]

Impact of COVID-19 pandemic on sports events around the world

(Reuters) - Major sports events around the world that are in the process of re-starting or which have been rescheduled due to the COVID-19 pandemic:

The Special Challenge of Fighting COVID-19 in Africa

Western governments and NGOs are grappling with their own outbreaks, leaving African nations largely on their own

Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia

BANGKOK, May 25 — A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand’s government announced last week its plans to have a...

Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia

A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand's government announced last week its plans to have a vaccine ready for deployment

Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia

BANGKOK (Reuters) - A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.

Thai researcher eyes accessible COVID-19 vaccine for SE Asia

A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.

Anglogold Ashanti shuts South African mine over 164 COVID-19 cases

The mine, the deepest in the world, only re-opened in April after being shut under a nationwide lockdown, and had been operating at around 50% capacity. It accounted for around 7.4% of the company’s

AngloGold Ashanti closes South African mine after 164 contract Covid-19

AngloGold Ashanti has temporarily closed its Mponeng mine in South Africa after 164 workers tested positive for the Covid-19 coronavirus infection.

AngloGold Ashanti reports more COVID-19 positive cases at Mponeng mine

(Reuters) - AngloGold Ashanti on Monday said that a total of 196 people have tested positive for coronavirus at its Mponeng mine, where it suspended operations on Sunday after reporting 164 COVID-19 positive workers.

AngloGold Ashanti suspends mine ops after virus detected

South Africa’s AngloGold Ashanti said Sunday it had suspended operations at its Mponeng mine after at least 164 employees tested positive for coronavirus.

Bayer says it makes progress in settlement talks over weedkiller

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

Bayer says it makes progress in settlement talks over weedkiller

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

Bayer says it makes progress in settlement talks over weedkiller

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

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

India air travel restart hits chaos and cancellations

NEW DELHI (Reuters) - 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.

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

New restrictions at airports force airlines to scramble revised schedules

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

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

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

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

Bayer shares jump on report of Roundup settlement

FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...

EU must present united front to shield pandemic-hit banks: regulator

EU must present united front to shield pandemic-hit banks: regulator

EU must present united front to shield pandemic-hit banks: regulator

European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority

EU must present united front to shield pandemic-hit banks: regulator

FRANKFURT (Reuters) - European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.

Number of coronavirus cases at Dutch meatpacking plant jumps to 147

AMSTERDAM, May 25 (Reuters) - The number of people diagnosed with the coronavirus at a Dutch pork processing plant near the German border has jumped to 147 since it was closed last week and workers asked to go into quarantine. The Vion plant in Groenlo, located east of Arnhem and west of the northern German city of Muenster, employs 657 people, many of them German. Health authorities ordered it shut and the workers quarantined after 45 infections were detected on May 20.

Number of coronavirus cases at Dutch meatpacking plant jumps to 147

The number of people diagnosed with the coronavirus at a Dutch pork processing plant near the German border has jumped to 147 since it was closed last week and workers asked to go into quarantine. The Vion plant in Groenlo, located east of Arnhem and west of the northern German city of Muenster, employs

Number of coronavirus cases at Dutch meatpacking plant jumps to 147

AMSTERDAM (Reuters) - The number of people diagnosed with the coronavirus at a Dutch pork processing plant near the German border has jumped to 147 since it was closed last week and workers asked to go into quarantine.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

BRUSSELS (Reuters) - Britain’s refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

* EU worried over level playing field on climate after Brexit* UK says it has own ambitious goals, rejects binding EU targets* Talks on new Brexit deal deadlocked before June crunch timeBy Gabriela Baczynska and Kate AbnettBRUSSELS, May 25 (Reuters) - Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes. While Britain has joined the global Paris agreement to fight climate change

First Iranian oil tanker docks in Venezuela

The first of five Iranian tankers carrying much-needed gasoline and oil derivatives has docked in Venezuela and a second one entered its waters, the government said on Monday amid concern in Washington over the burgeoning relationship.

First Iranian oil tanker docks in Venezuela

The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, Caracas announced amid concern in Washington over the burgeoning relationship between countries it sees as international pariahs.

Iranian oil tankers reach Venezuela in defiance of US

Shipments of Iranian petrochemical products have arrived in Venezuela despite American harrumphing against a deal that is part of a broader blossoming of relations between the Middle East and Latin American countries.The arrival of the fuel shipments represents one in a long series of geopolitical flops

Iranian petrol tanker arrives in Venezuela in defiance of US

First of five ships arrives in Caribbean with Washington warned against intercepting them

First Iranian fuel tanker arrives in Venezuela, despite US criticism

The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela's El Palito refinery, Iran's English-language Press TV reported on Monday.

First Photos of Second Iranian Tanker Bound for Venezuela Surface Online

Earlier in the day, Iranian media reported that the first of five Iranian oil tankers delivering fuel to Venezuela had moored at the El Palito refinery in the South...

The Iranian-flagged oil tanker Fortune docks at El Palito refinery in Venezuela's northern state of Carabobo, on May 25, 2020

The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, Caracas announced amid concern in Washington over the burgeoning relationship between countries it sees as international pariahs. In a statement delivered on state television, Oil Minister

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The 787 Dreamliner is one of Boeing’s most popular twin-engine wide-bodies thanks to its fuel efficiency, lower operating costs, and passenger-friendly amenities, which have proven to be endearing qualities for airlines and private owners alike.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs., Business Insider - Business Insider Singapore

Business Insider - The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.. Read more at businessinsider.sg

French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.

French carmaker Renault could close plants and cut jobs: union

French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...

French carmaker Renault could close plants and cut jobs, says union

PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...

New emissions blow for VW as German court backs damages claims

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

New emissions blow for VW as German court backs damages claims

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

New emissions blow for VW as German court backs damages claims

LONDON: Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts. Brent was flat at $35.13 a barrel, while US oil gained 10 cents, or 0.3 percent to $33.35 a barrel. Both are down around 45 percent so farthis year.

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 sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON, May 26 — Stocks gained modestly yesterday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI’s gauge of world stocks gained 0.4 per cent, nearing a...

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%

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

Ramaphosa says lockdown cannot be sustained indefinitely.

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

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

South Africa to further ease lockdown

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

Ramaphosa: South Africa coronavirus lockdown to ease from June 1

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

S. Africa to ease Covid-19 lockdown

Ramaphosa says lockdown cannot be sustained indefinitely.

Coronavirus: South Africa to see a spike in Covid-19 cases but govt to further ease curbs from June 1, says Cyril Ramaphosa

The President called on public universities to implement remote teaching and learning strategies from June 1 to ensure that all students are given a fair opportunity to complete the 2020 academic year.

South African president says lockdown to ease from June 1

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

Covid-19 in South Africa – perspective is needed

Covid-19 has caused us to lose perspective on various fronts. One main front is the burden of disease. In a country in which many thousands of people die each year from treatable diseases like TB and Type 2 diabetes, an exclusive focus on the mortal impact of Covid-19, while understandable, is misplaced.

Confusion, jitters as Indian domestic flights resume

Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.

Confusion, jitters as Indian domestic flights resume

Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers

Confusion, jitters as Indian domestic flights resume

New Delhi: Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.

Confusion, jitters as Indian domestic flights resume

Airlines in India scrap dozens of flights and hundreds of passengers cancel their bookings on Monday, May 25, amid confusion over quarantine rules

Confusion, jitters as domestic flights in India resume

Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among ...

"Idea Of Flying Really Scary": Jitters As Domestic Flights Resume

Domestic flights resumed in the country on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.

Long queues, chaos, confusion as domestic flights resume

Chaos, confusion and long queues greeted passengers as flights resumed after a two-month air travel ban to stem the spread of the coronavirus.Some airlines cancelled flights at the last minute, highlighting the lack of preparation

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

Lufthansa, German government agree on rescue package: dpa

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

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 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.

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, German govt agree on rescue package amid travel slump: Report

Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid

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

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

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

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

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

Volkswagen ordered to compensate motorists in landmark ‘Dieselgate’ ruling

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

Volkswagen agrees to compensate tens of thousands of German motorists

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

Poundland to open 26 more stores this week

Poundland has said another 26 of its stores which have been closed throughout the coronavirus outbreak are throwing open their doors again.The discount retailer said trade will resume in the stores again this week after 51 shops reopened last week.Poundland said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.The closed shops were largely where there was another Poundland nearby or where shopping centres found it difficult to remain open, it added.

Poundland to open 26 more stores this week

The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.

Poundland to open 26 more stores this week

The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.

Poundland to open 26 more stores this week

The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.

Poundland to reopen 26 more stores as coronavirus lockdown measures are eased

The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March after the UK was forced into lockdown

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

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

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

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

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

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

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

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

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

A 2017 proposal that would speed up vaccine production in the EU was blocked by major pharmaceutical companies, The Guardian reported .

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

Representatives of a group including GlaxoSmithKline, Pfizer, and Johnson & Johnson are on the body that rejected the proposal, The Guardian reported.

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

The world’s biggest pharmaceutical companies blocked a 2017 EU proposal that could allow vaccines against viruses like the novel coronavirus to be developed before an outbreak begins, The Guardian reported.

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak, Business Insider - Business Insider Singapore

Business Insider - Representatives of a group including GlaxoSmithKline, Pfizer, and Johnson & Johnson are on the body that rejected the proposal, The Guardian reported.. Read more at businessinsider.sg

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

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

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

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

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

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

Dues to MSMEs at Rs 5 lakh cr: Nitin Gadkari

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

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

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

Govt is exploring new financial institutions to support MSMEs: Nitin Gadkari

The government is exploring new financial lending institutions to support small-scale units in terms of financial support, said Union Minister for MSME.

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

China warns US of countermeasures over Hong Kong trading threats

Beijing has warned US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges

China warns US of countermeasures over Hong Kong trading threats

Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges if China enacts a tough new security law. China plans to impose legislation on the semi-autonomous

China warns US of countermeasures over Hong Kong trading threats

BEIJING, May 25 — Beijing has warned the US that it will take “every necessary measure” to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong’s special trading privileges if China enacts a tough new security law. China plans to impose...

China warns US of countermeasures over Hong Kong trading threats

Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned

China warns US of countermeasures over Hong Kong trading threats

US national security advisor Robert O'Brien warned Sunday that the new law could cost the city the preferential trading status it enjoys with the United States, the world's largest economy.

China warns US of countermeasures over Hong Kong trading threats

China warns US of countermeasures over Hong Kong trading threats

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Pandemic Is Exposing the Limits of Science

The financial crisis tarnished the field of economics. Will the coronavirus do the same for medicine?

COVID-19: The pandemic is exposing the limits of science

Scientists and doctors have struggled to convey a unified message to the public

Easing Europe confident of avoiding coronavirus lockdown sequel

Armed with mass testing and tracing capabilities, a growing number of European countries are expressing confidence that they can avoid a return to economically-devastating coronavirus lockdowns. While most European countries failed to contain the coronavirus outbreak when it reached them in February

Easing Europe confident of avoiding coronavirus lockdown sequel

BRUSSELS/WARSAW (Reuters) - Armed with mass testing and tracing capabilities, a growing number of European countries are expressing confidence that they can avoid a return to economically-devastating coronavirus lockdowns.

Business Cheers Plans to Reopen South Africa’s Economy

South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.

Business gives Ramaphosa’s plan to reopen economy the thumbs up

South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.

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

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

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

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

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

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

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

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

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

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

Wheat procurement surpasses last year’s target

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

Heatwave intensifies in northern India, Churu hottest at 47.5 deg C

India News: NEW DELHI: Heatwave conditions intensified in most of the northern states of India on Monday, with Churu in Rajasthan scorching at 47.

Heatwave intensifies in India, Churu hottest at 47.5 deg C

Heatwave intensifies in India, Churu hottest at 47.5 deg C. The India Meteorological Department, which had issued a red colour-coded alert for north India for May 25-26 when the prevailing heatwave conditions are expected to peak, said dust and thunderstorms are likely to bring some relief on May 29-30.

Heatwave intensifies in northern India, Churu hottest at 47.5 degrees Celsius

The India Meteorological Department (IMD), which had issued a red colour-coded alert for north India for May 25-26 when the prevailing heatwave conditions are expected to peak, said dust and thunderstorms are likely to bring some relief on May 29-30.

Heatwave Intensifies In North India, Delhi Sizzles At 46-Degree

Heatwave conditions intensified in most of the northern states of India on Monday, with Churu in Rajasthan scorching at 47.5 degrees Celsius and the mercury breaching the 46-degree mark in parts of the national capital.

China's Great Wall expects mild domestic auto sales growth in H2

BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

China's Great Wall expects mild domestic auto sales growth in second half

BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

I received a $1,000 stimulus check from the government — here's exactly what I did with it

Erin Greenawald wanted to give back to local businesses, so she donated to freelancer funds, commissioned art, and bought gift cards from restaurants.

I received a $1,000 stimulus check from the government — here's exactly what I did with it

Erin Greenawald wanted to give back to local businesses, so she donated to freelancer funds, commissioned art, and bought gift cards from restaurants.

I received a $1,000 stimulus check from the government — here's exactly what I did with it, Business Insider - Business Insider Singapore

Business Insider - Erin Greenawald wanted to give back to local businesses, so she donated to freelancer funds, commissioned art, and bought gift cards from restaurants.. Read more at businessinsider.sg

I received a $1,000 stimulus check from the government — here’s exactly what I did with it

When I first heard the American government was sending money directly to citizens to help them get through the COVID-19 crisis, I just assumed I wouldn’t be getting any, considering I’ve been relatively lucky during this time and am still making my standard income. So when I found out it would be going to everyone earning below a certain income, including me, I was faced with the fortunate challenge of figuring out the best thing to do with some bonus cash.

I took up archery during quarantine, and it's the closest I get to zen, Business Insider - Business Insider Singapore

Business Insider - The simple repetitive action of knocking the arrow, drawing the bowstring, and making the choice to let go lulls me into a sense of serenity.. Read more at businessinsider.sg

I took up archery during quarantine, and it’s the closest I get to zen

When my husband and I packed up our car and drove from Brooklyn to his father’s farmhouse in Feura Bush, a tiny hamlet outside of Albany, NY with a population of 1,500, we were thinking about the pure joy we’d feel just being able to walk around outside.

Designers created an 'infection-free playground' for children made up of individual play areas — take a look

The area is divided into separate platforms so that children aren't close enough to share germs.

Designers created an ‘infection-free playground’ for children made up of individual play areas — take a look

Two German designers, Claudio Rimmele and Martin Binder, have invented a design for a playground that is safe for children during the coronavirus pandemic.

Designers created an 'infection-free playground' for children made up of individual play areas — take a look, Business Insider - Business Insider Singapore

Business Insider - The area is divided into separate platforms so that children aren't close enough to share germs.. Read more at businessinsider.sg

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

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

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

The coronavirus pandemic has disrupted the management-consulting industry.

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

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

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

PARIS (Reuters) - France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.

Toyota prepping for gradual re-start in Mexico: spokesman

Toyota prepping for gradual re-start in Mexico: spokesman

Toyota prepping for gradual re-start in Mexico: spokesman

MEXICO CITY (Reuters) - Toyota Motor Corp’s Mexico unit is in a preparation phase for the gradual re-start of its operations in the states of Baja California and Guanajuato, a spokesman told Reuters on Monday.

Canada's banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.

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

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

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

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

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

MUNICH (Reuters) - Siemens is planning to keep a 45% stake in its energy business which the German engineering group wants to spin off later this year, two people close to the matter said on Monday.

ITC To Acquire Spice Maker Sunrise Foods

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

ITC to acquire spices maker Sunrise Foods

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

US company trials coronavirus vaccine in Australia

A U.S. biotechnology company announced on Tuesday the start of human trials in Australia of a vaccine for the coronarvirus with hopes of releasing a proven vaccine this year.

US company trials coronavirus vaccine in Australia

CANBERRA, Australia — A U.S. biotechnology company announced on Tuesday the start of human trials in Australia of a vaccine for the coronarvirus with hopes of releasing a proven vaccine this year. Novavax has begun the first phase of the trial in which 131 volunteers in the cities of Melbourne and Brisbane will test the …

US company trials coronavirus vaccine in Australia

CANBERRA, Australia — A U.S. biotechnology company announced on Tuesday the start of human trials in Australia of a vaccine for the coronarvirus with hopes of releasing a proven vaccine this year.

US company trials coronavirus vaccine candidate in Australia

CANBERRA, Australia (AP) — A U.S. biotechnology company began injecting a coronavirus vaccine candidate into people in Australia on Tuesday with hopes of releasing a proven vaccine this year. Novavax...

Coronavirus Vaccine Launches Study in Australia and the USA

Novavax identified NVX‑CoV2373 as its lead SARS-CoV-2 vaccine candidate following pre-clinical testing

China demands U.S. withdraw sanctions on tech suppliers

China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

China demands U.S. withdraw sanctions on tech suppliers

Foreign Ministry accuses the Trump administration of interfering in China’s affairs by adding eight companies to an export blacklist

China demands US withdraw sanctions on tech suppliers

China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

China demands U.S. withdraw sanctions on tech suppliers | Honolulu Star-Advertiser

BEIJING >> China demand today that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

The new normal: How coronavirus pandemic is changing consumer behaviour

Feedback Insights, a Bangalore-based research firm, conducted a survey that brings to light the consumer behaviour patterns that will reshape the economy in the post-Covid-19 world.The survey in which

Consumer Spending And Demand Has Changed Due To The Pandemic

The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.

From Germany to Detroit and back: how Kraftwerk forged an industrial exchange

Kraftwerk’s robotic rhythms resonated loudest in deindustrialising 1970s Detroit and gave rise to techno – starting a cultural feedback loop that continues today

From Germany to Detroit and back: how Kraftwerk forged an industrial exchange

Kraftwerk’s robotic rhythms resonated loudest in deindustrialising 1970s Detroit and gave rise to techno – starting a cultural feedback loop that continues today

Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk

Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund

Gucci bids farewell to fashion week as brand goes seasonless

Italian label cuts shows from five to two each year and declares fashion calendar obsolete

Welfare recipients facing five-month delays to exit cashless debit card scheme

Data shows that of the 859 application lodged since September, only 30 have been accepted

BA planning to rehire sacked staff on worse terms, union says

Unite accuses airline of using coronavirus crisis as cover for betraying its workforce

Dawn of Asian century puts pressure on EU to choose sides, says top diplomat

EU foreign affairs chief says end of US-led global system may have arrived and Europe needs robust strategy for China

Care workers should be better paid and valued after Covid-19 – poll

Fawcett Society survey shows support for income-tax increase to fund pay rise

HDFC March Quarter Profit Falls 22% To Rs 2,233 Crore, Board Announces Rs 21 Dividend

HDFC Ltd Q4 Results: The mortgage lender said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share: Housing Development Finance Corporation (HDFC) on Monday reported 22 per cent fall in net profit at Rs 2,233 crore for the January to March quarter.. Get all latest entertainment & viral stories on english.lokmat.com

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

HDFC profit falls 22% to Rs 2,233 crore in March quarter

HDFC board announced a dividend of Rs 21 per share for FY20.

Germany stamps authority on Lufthansa with $9.8 billion lifeline

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

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

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

Germany stamps authority on Lufthansa with $9.8 bln lifeline

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

Germany stamps authority on Lufthansa with €9b lifeline

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

The 'Mogote' is a $87,500 lofted tiny home on wheels that can sleep up to 4 people — see inside, Business Insider - Business Insider Singapore

Business Insider - Baluchon prioritizes using local, "eco-responsible and bio-based" supplies, according to the company.. Read more at businessinsider.sg

The 'Mogote' is a $87,500 lofted tiny home on wheels that can sleep up to 4 people — see inside

Baluchon prioritizes using local, "eco-responsible and bio-based" supplies, according to the company.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that . . .

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay for massive deficits.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay fo

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA - The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committ

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

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

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

Landlords with up to 10 eligible tenants located in Atlantic Canada, British Columbia, Alberta or Quebec could apply online Monday

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

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

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

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

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

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

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

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

Alibaba Drops After Projecting Slowing Growth in Uncertain Times

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

Big Short in U.S. Stocks Needs Watching, Says One Market Veteran

A large bearish position in U.S. equities that’s been amassed by trend-following funds may prove vital to the next move for stocks, according to a strategist who’s been analyzing markets since the early 1990s.

German Businesses Bet on Gradual Rebound From Virus Hit

German businesses are counting on an improvement in the economy in the second half after the coronavirus pandemic depressed private spending and investment and plunged the economy into a recession.Companies surveyed by Ifo showed cautious optimism in May, with a gauge of expectations rising after the previous month’s plunge. A full-fledged recovery though is still a long way off as consumers wary of infections keep away from shops and restaurants, and firms struggling with subdued demand cut jobs.

Hong Kong Exports Tumble in April as Virus Disrupts Commerce

Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.

Consumer Confidence Inches Higher in Canada, Except for Housing

Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.

ECB Facing Testy Stimulus Debate After Call to Scrap Limits

The European Central Bank looks set for another testy debate after one policy maker floated the prospect of removing what many see as an important limit on its powers.

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.

Brazil Toughens Rules to Avoid U.S.-Style Disruptions

Brazil, the biggest exporter of beef and chicken, is betting on a new set of safety standards to avoid the kind of mass processing disruptions that caused meat shortages and price spikes in America.

Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines

The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.

Rich Chinese Snapping up Luxury Homes From Singapore to Sydney

Rich Chinese home buyers are back.

Oil Rallies With Producers Showing Confidence by Hiking Prices

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

HDFC posts 22% fall in Q4 net, provisions rise on COVID-19 impact

It has reported an increase in provisioning, including impact for COVID-19, at Rs 1,274 crore (Rs 398 crore for COVID-19). The HDFC board has proposed a final dividend of Rs 21 per share as against a final dividend of Rs 17.50 the previous year.

HDFC reports 22% fall in Q4 net profit

Housing Development Finance Corporation (HDFC) standalone net profit fell 22 per cent in the fourth quarter of 2019-20 to ₹2,232.53 crore as against ₹2,861.58 crore a year ago.The housing finance comp

HDFC reports 22 per cent drop in net over spike in bad loans, provisioning

“On the balance sheet level, we are carrying provisions of Rs 10,988 crore, which is much higher than the regulatory requirement of Rs 4,188 crore,” said Keki Mistry, vice chairman and chief executive officer (CEO), HDFC.

HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid

After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore

Covid-19: Nearly 80 flights in Delhi, over 20 in Bengaluru cancelled, chaos at airports on day 1

Passengers whose flights were cancelled said they did not get any prior notice from airlines.

Domestic flights cancelled status: Around 80 flights in Delhi, nine in Bengaluru cancelled on Day 1

Domestic flights news: A Mumbai-Delhi flight was also cancelled, passengers said that the flight was cancelled without any prior notice

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.

Over 80 flights cancelled in Delhi, passengers slam airlines for no prior intimation

The development comes after few states objected to the Centre’s plan to restart domestic airlines from May 25, following which last-minute changes were amended to the earlier rules on Sunday evening. 

Watch: Scenes from airports across India on Day 1 of resumption of domestic flights

The resumption of air travel came with a few hiccups in the first few hours itself as several flyers took to social media to register their grievances against airlines, particularly Air India. Several people travelled long distances only to find that their flights had been cancelled.

First flight from Delhi following resumption of domestic air travel to depart for Pune

First flight from Delhi following resumption of domestic air travel to depart for Pune: The first domestic flight following the resumption of flight operations is scheduled to depart from New Delhi for Pune at 4:45 am.. Get all latest entertainment & viral stories on english.lokmat.com

First domestic flight after resumption of services lands in Hyderabad

An Air Asia flight from Bengaluru was the first to land at the Rajiv Gandhi International Airport (RGIA) here on Monday morning

Early take-off: On resumption of air travel

With no consensus on health monitoring of passengers among States, travel remains risky

Mumbai: Chaotic scenes at airport on Day 1 as flights are cancelled without notice

U.S.' Regeneron to buy back $5 billion stake held by Sanofi

PARIS (Reuters) - U.S. company Regeneron Pharmaceuticals said it had agreed to repurchase approximately $5 billion of its shares directly from French drugmaker Sanofi.

Regeneron to buy back $5 billion stake held by Sanofi

(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.

New Zealand eases coronavirus curbs on public gatherings

WELLINGTON (Reuters) - New Zealand is easing back curbs on the size of gatherings to 100 people from 10, as it relaxes measures to limit the spread of the coronavirus, Prime Minister Jacinda Ardern said on Monday.

Finland to spend 100 million euros on coronavirus protection

(Reuters) - Finland said on Monday it plans to place between June and August orders for protective equipment and respirators worth 100 million euros ($109 million) to fight the coronavirus and prepare for a possible upsurge in demand for the equipment.

Investing in Spanish Nissan factory cheaper than closing it: Spanish official

(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).

Daimler aims for worldwide carbon-neutral production by 2022: CEO

FRANKFURT (Reuters) - German luxury automaker Daimler on Monday announced tougher carbon emissions targets, saying it aimed to reach carbon dioxide-neutral production of passenger cars worldwide by 2022.

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.

Jobless benefit requests by Portugal's young spike 52% during pandemic

LISBON (Reuters) - The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday

Bank of Israel leaves rates unchanged, sees less economic damage in 2020

JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.

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'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 has good prospects for future: German ministries

BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.

Factbox: EU recovery fund - the battle lines

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

UBS announces global financing team

NEW YORK (Reuters) - UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.

Air Canada, Transat deal faces intense EU antitrust scrutiny

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

Brazil BRF meatpacking plant hit with more than 300 coronavirus cases

SAO PAULO (Reuters) - Nearly 340 meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday.

China’s crypto is all about tracing — and power

If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.

View: China's crypto is all about tracing — and power

Digital yuan trials are taking place just as Covid deepens mistrust with the US.

[Andy Mukherjee] China’s crypto is all about tracing -- and power

The coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout.　 An official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal...

EU’s top diplomat urges ‘more robust strategy’ toward China

European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States as the center of global power.

EU’s top diplomat urges ‘more robust strategy’ toward China

BERLIN (AP) — The European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States...

EU’s top diplomat urges ‘more robust strategy’ toward China

EU foreign affairs chief Josep Borrell told a gathering of German ambassadors on Monday that “analysts have long talked about the end of an American-led system and the arrival of an Asian century.”

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

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

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

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

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

It is a conscious decision: Pradhan

Five business groups urge Ontario to halt commercial evictions during pandemic

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

Five business groups urge Ontario to halt commercial evictions during pandemic

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

Five business groups urge Ontario to halt commercial evictions during pandemic

Ontario Premier Doug Ford has previously declined to freeze commercial evictions

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

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

Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector

The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.

CREDAI writes to PM Modi, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis

COVID-19: CREDAI writes to PM, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi

The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.

CREDAI seeks restructuring scheme to revive realty sector

Also wants new home loans extended at 5% rate of interest

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.

Global shares rise on hopes for economies’ gradual reopening

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

Global shares rise on hopes for economies’ gradual reopening

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

Global shares rise on hopes for economies' gradual reopening

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

Global shares rise on hopes for economies’ gradual reopening

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

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

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

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

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

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

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

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

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

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.

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

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

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.

Airbus team to arrive in Karachi today for assistance in PIA plane crash probe

The management of the Airbus has also expressed profound grief over the PIA plane crash.

Airbus experts to arrive in Pakistan to probe PIA plane crash

Was it a technical fault, bird-hit or pilot error?

Team of French experts to probe PIA plane crash to arrive tomorrow

The team will conduc­t invest­igatio­n for 16 hours, take the black box and voice record­er with them to decode­

Airbus team to arrive in Karachi today to investigate plane crash

The European aerospace company will run an independent investigation into the plausible reasons for the crash

French Aviation Safety Authority Sends Team to Probe Pakistani Plane Crash

PARIS (Sputnik) - France's Bureau of Inquiry and Analysis for Civil Aviation Safety sent an investigative team to Pakistan on Monday to probe the crash of an Airbus...

Must start Rs 1,000 per month transfer now: Abhijit Banerjee and Esther Duflo

In a conversation with each other at online version of Jaipur Literature Fest on Sunday, Banerjee said that India could help in mass production of the Covid 19 vaccine, when it is developed, but cautioned that in the absence of one, India is set to see another lockdown since cases were only rising.

Transfer Rs 1,000 to each Indian per month: Abhijit Banerjee and Esther Duflo suggest Centre

Esther Duflo said India was already in a position to start universal basic income quickly as it had the Jan Dhan accounts-Aadhaar-mobile system in place.

India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo

The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said

Asian shares tick up, eyes on China-US trade relations

Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...

Asian shares tick up, eyes on China-US trade relations

Analysts expect trading to be subdued with United States and UK markets shut for public holidays.

Asian shares reverse early gains, eyes on China-US trade relations

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.

Beaches packed on sunny Bank Holiday Monday

Large crowds of people have gathered again on beaches up and down the UK.

Weather: Dry with long sunny periods on Bank Holiday Monday

Any patchy early mist and low cloud in the west will soon clear, then most parts of the UK will be fine and dry with long sunny periods. It will become warm inland in the light winds and sunshine, turning cloudier and windier in the far north-west with some rain later. The top temperature will be around 26 Celsius (79F).

IPO ‘roadshows’ from home cause bankers to question the old ways

Advisers and executives say they do not miss the traditional tours of financial centres

UK bailout schemes could create coronavirus debt trap, warn banks

Fear businesses could face paying billions in loans just as they try to recover from pandemic

‘Never waste a crisis’: inside Saudi Arabia’s shopping spree

The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles

Virus obstructs US and UK bids for $800m South Korea helicopter deal

Travel restrictions and spending cuts muddy defence sector outlook

Coronavirus crisis provides fertile ground for online fraudsters

Surge in number of scammers exploiting global scramble for protection equipment

European consumers stockpile savings, adding to economic drag

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

Rolls-Royce increases price-cuts pressure on suppliers

Big equipment makers turn to strained supply chain for savings

German business expectations pick up as lockdown is lifted

Monthly survey finds improving outlook despite pessimism over current effect of pandemic

The changing face of the billionaire classes

Is Europe becoming more American in its wealth creation as the US becomes more European?

EU watchdog hopeful most banks can absorb €380bn pandemic hit

Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority

Brussels looks to new taxes to pay off pandemic recovery debt

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

Europe eclipses China in electric vehicle investment

EU carmakers help close the gap as they race to comply with strict CO2 emissions targets

HSBC board rethinks overhaul and seeks even sharper cuts

More drastic action sought three months after unveiling plan to slash 35,000 jobs and $4.5bn of costs

Stock Market Boost: Unemployment Outlook Shifts To Positive

The unemployment trend, no longer rising, now looks ready to decline

Doomsday Predictions For U.S. Oil Just Aren’t Realistic

Oil is a risky business but that doesn’t mean investors won’t see opportunities in the future.

Pandemic Receding, Investors Review The Fallout

But if we are dealing with this come July, markets are going to reassess big time.

WWE Raw Results: News, Notes As WWE’s Live Crowd Upstages AEW’s; Mysterio To Retire

WWE Raw results, news, notes and business analysis on Memorial Day, May 25, 2020.

Honeywell Sales Down 7% But Stock Up 60%; Why?

Honeywell’s stock gained over 60% in 3 years, with the stock price rising from $108 at the end of 2016 to about $176 at the end of 2019. Though the stock price dropped in 2020 to $136 as of 18th May 2020 due to the COVID-19 pandemic, the stock has still registered a cumulative return of 25%...

Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?

Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...

Cree Stock Headed Below $35?

Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...

Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales

How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.

Finances And Coronavirus: Threats And Opportunities In Lockdown Era

The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term

Newmont Stock Has Doubled. Is It Still A Buy?

Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?

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

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

Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’

Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...

China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19

China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.

Growth Of Million-Dollar, One-Person Businesses Accelerates

US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.

The Revamped 2020 Crus Bourgeois Classification Includes Excellent Value Wines

Bordeaux's Crus Bourgeois classification is renowned for quality and value

Paul Polman On Courageous CEOs And How Purpose Is The Growth Story Of The Century (Part 1)

Paul Polman On Courageous CEO’s And The Growth Story of The Century When Unilever CEO Paul Polman turned up for a business dinner at the Taj Mahal Hotel in Mumbai in 2008, little could he predict that it would turn into what he calls ‘a crucible moment’ in his life.

Report From Italy – How Consumers Act As Retail Reopens

I was recently introduced to Ms. Francesca Venturi who gave me an insight on Italy's reopening of stores. Her observations are valuable on how the United States shoppers may act.

History Repeats As Brazil Delivers Another Iron Ore Boom

Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.

China Will Use Its Digital Currency To Compete With The USD

Digitization of currency is inevitable — it is whether or not it is cryptocurrency that prevails that will determine whether that will be at the hands of nation-states battling with one another, or a set of independent peers cooperating with one another.

2.4 lakh subsidised Tirupati Laddus sold in AP on day-one

About 2.4 lakh 'Tirupati laddus' of the hill shrine of Lord Venkateswara at Tirumala near here were sold on the first day of sales at subsidised price in headquarters of 12 districts in Andhra Pradesh on Monday, a temple official said.

2.4 lakh subsidised Tirupati Laddus sold in AP on day-one

Observing all COVID-19 guidelines in the presence of local government machinery, the devotees queued up at TTD marriage halls and TTD Information Centres for the sacred prasadam.

2.4 lakh subsidised Tirupati Laddus sold in AP on day-one

Observing all COVID-19 guidelines in the presence of local government machinery, the devotees queued up at TTD marriage halls and TTD Information Centres for the sacred prasadam.

Liz Weston: Find free, solid money advice in uncertain times

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...

Liz Weston: Find free, solid money advice in uncertain times

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strang

Liz Weston: Find free, solid money advice in uncertain times

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the internet.Finding someone who knows what they’re talking about, and who isn’t trying to take advantage of you, can be tougher. Fortunately, several groups of credentialed, trustworthy financial advisers are stepping up to offer free help.Groups such as the Financial Planning Association, the XY Planning Network, the National Association of Personal Financial Advisors, the Association for Financial Counseling & Planning Education and the National Foundation for Credit Counseling are among the organizations offering free consultations to help people na

COVID-19: 103 Indians arrive in Kochi from San Francisco, 146 reach Gaya from Doha

India continues repatriation flights under ‘Vande Bharat’ mission

Lockdown 4.0: 103 Indians arrive in Kochi from San Francisco in Vande Bharat special flight

In the first phase,1200 Indians will fly back to India on 7 flights operated by Air India.

Flight Carrying 146 Indians From Doha Arrives In Bihar

A special repatriation flight from Doha carrying 146 Indians landed at Gaya international airport on Monday, as part of the Centre's Vande Bharat Mission.

Single mother revamps her dated kitchen without professional help using B&Q paint and a floor stencil from Amazon - and it cost just £80

Single mother Carly Thomas, from Telford, Shropshire, revealed how she transformed her kitchen for under £100, using her DIY skills and budget buys bought during lockdown.

Boss of Britain’s biggest recruiter James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends

The owner of Reed has warned job losses could sweep across the country once the government's furlough scheme ends at the ends of October. More than 6m people have signed up to the scheme.

Cartels are hemorrhaging millions of dollars with traffickers forced to take more risks to move cocaine and cash across the US during coronavirus lockdown

From March 1 to May 8, the amount of cash seized by the DEA in the Los Angeles area more than doubled from $4.5 million last year to $10 million in 2020.

Crack in fashion! Tesco stocks white eggs for the first time in more than 40 years after huge rise in demand

The eggs - which are used in McDonald's breakfast McMuffins - will cost the same as the brown free-range equivalent, starting from 89p for a box of six medium eggs.

Queen upsets locals at Sandringham estate by building half-mile 'eyesore' kerb to stop cars parking on roadside

Her Royal Highness, 94, had the 1,000-metre kerb erected at the royal estate near King's Lynn, Norfolk. The foot-high mound has prevented visitors from parking along the grass verge near the house.

Instagram model earning $3,000 per sponsored post REFUSES to take a pay cut despite the coronavirus recession devastating the luxury goods market

Instagram model Jadé Tuncdoruk has revealed the coronavirus pandemic has impacted her business as an influencer - but she still refuses to take a pay cut.

British Airways passengers complain about packed flights in Europe and passengers without masks as more airlines restart flights after lockdown 

Images emerged on Twitter of a packed BA flight with passengers appearing to be seated directly next to each other rather than the government-advised two metres apart.

Marie-Antoinette's travel bag fetches €43,750 at an auction of royal memorabilia near her former home of Versailles - five times the expert estimate

Queen Marie Antoinette's travel bag has sold for €43,750 (£39,143) at an auction of royal memorabilia near to the Palace of Versailles - more than five times its estimate.

VW ordered to buy back diesel cars it sold equipped with emission evasion software based on their current value

The decision comes after a motorist took the company to court over a Volkswagen Sharan he bought in 2014, which was equipped with the software that turned off emissions controls during testing.

The tobacco firm that is still making a mint from menthol cigarettes: Bosses are accused of sidestepping ban aimed at stopping children smoking

Mint-flavoured cigarettes, which make up around one in four sales, were banned in Britain last Wednesday amid concerns they were luring young people. JTI launched its new range on the same day.

'I couldn't control myself': Retail manager, 23, reveals how she fell into the grips of a shopping addiction - and was spending her entire salary in DAYS

Natasha Djuric, 23, from Melbourne has revealed how she fell into the grips of a shopping addiction where she was spending 'almost all' of her salary in days and couldn't 'control' herself.

Nigeria’s GDP rises by 1.87% in Q1 2020

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

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

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

Nigeria’s economy expands 1.87% y/y in Q1

Expected recession could be worst in 40 years -World Bank.

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

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

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

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

Nigeria’s GDP expands by 1.87% amid global challenges

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

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

The company's net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19

HDFC Ltd Q4 profit declines 10 pc to Rs 4,342 cr 

Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. 

HDFC Q4 profit declines 10 per cent to Rs 4,342 crore

The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.

Memorial Day sales 2020: here are the best deals

The Memorial Day sale event has arrived, and we've rounded up the best Memorial Day sales and deals from Lowe's, Home Depot, Best Buy, and more.

Here Is Where To Find The Best Memorial Day Sales 2020

Who doesn't love a good sale? This holiday weekend, retailers all over are giving away huge discounts on products you'll love. Hurry now to check out some of the best deals for beauty, fashion, and home & tech products!

Memorial Day sales roundup: The best tech on sale

Memorial Day may look a little bit different this year, but it's still a chance to save. Here are the best Memorial Day sales right now.

Memorial Day sale alert: the Apple Watch 5 hits lowest price ever at Best Buy

One of the best deals we've seen in the Memorial Day sale event, you can get the all-new Apple Watch 5 on sale for $299 at Best Buy.

Millions of periodical cicadas to emerge in parts of US

After spending most of their lives in the soil, periodical cicadas will come out in three US states.

Ground wapsi: 15 lakh noisy cicadas to emerge in US states after 17-year-long wait

Starting this summer across parts of the eastern United States, cicadas will emerge from their 17 years of sucking on tree roots underground to engage in a two-week fest of calling, mating, laying eggs and then dying.

Confusion, chaos and cancellations at Delhi's IGI airport on day-1 of flight resumption

The airlines did not even inform us about it through text message or call, claimed many passengers who were left stranded at Delhi's IGI airport.

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

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

Air India passengers took to Twitter to air their woes

Jet Airways offers two Boeing aircraft for evacuating Indians stranded abroad

Jet Airways offers two Boeing aircraft for evacuating Indians stranded overseas

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

Jet Airways offers two Boeing aircraft for evacuation of stranded Indians

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

Bank holiday times at Tesco, Asda, Aldi, Morrisons and Sainsbury's

What time do the supermarkets open on Bank Holiday Monday

Co-op, Aldi, Tesco and M&S opening times for bank holiday Monday

Out of milk? No problem.

Food inspection agency says variety of vegan chocolate bars contains milk

OTTAWA — The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.

Food inspection agency says variety of vegan chocolate bars contains milk

The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.

Food inspection agency says variety of vegan chocolate bars contains milk

The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.

Food inspection agency says variety of vegan chocolate bars contains milk

The agency says the allergen alert was prompted by consumer complaints

Food inspection agency says variety of vegan chocolate bars contains milk

OTTAWA - The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.The agency put out the allergen

Slump in consumption, exports push Germany into recession in Q1

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

Slump in consumption, exports push Germany into recession in Q1

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

Slump in consumption, exports push Germany into recession in Q1

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

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

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

Hospitals flush with cash got billions in coronavirus bailouts

The feds have given more than $5 billion in grants to 20 big hospital chains that already had more than $108 billion in cash.

China demands US withdraw sanctions against blacklisted firms

China urged US officials Monday to undo new sanctions against nearly three dozen companies amid growing tensions between the two nations. The demand came three days after the US Department of Commerce

More Americans turning to anxiety medication amid coronavirus pandemic

Health-research firm IQVIA found that prescriptions for anti-anxiety drugs spiked 10.2 percent in March, to 9.7 million, compared with 8.8 million during the same month last year.

Bengaluru: BMTC introduces flat-fare system, bus fares to start from Rs 5 now

BMTC has been facing flak right from the first day of operations post-lockdown for its new contactless ticketing system. Commuters and citizen activists had pointed out that the daily passes worth Rs 70 were not feasible for those travelling short distances.

Bengaluru: Operation of BMTC buses to be increased to 3,500; new bus fares start from Rs 5

Apparently to make up for the losses it had suffered during the lockdown, the BMTC had stopped selling the bus tickets from one destination to another and sold only the bus passes of ₹70 each, which people had opposed. The move comes days after BMTC faced flak for forcing travellers to buy daily passes worth Rs 70 for

BMTC introduces flat bus fare system in Bengaluru to replace daily passes; system aimed at minimising contact during travel

The BMTC's new flat fare system will minimise contact in buses during travel amid the coronavirus pandemic

Here’s how COVID-19 has changed the rules of eating out

As restaurants fire up their cooking ranges and open their doors for takeaways, there is a mixed response from the people about ordering out

New rules of personal finance: How COVID has changed income, spending, saving, investing

In the new world, across segments, income has vanished, reduced or has settled at a new low. The risk to income means families have learned to cut back on spending. Saving and investing are in the background as activities that represent a forgotten luxury.

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

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

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

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

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

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

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

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

Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits

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

Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh

The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.

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

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

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

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

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

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

Cyprus is just days away from opening to foreign tourists but Brits won’t be among the first in

AIRPORTS in Cyprus will resume business on June 9, but Brits won’t be among the first able to fly in. With the popular destination revealing it has “contained” the deadly coronavirus pandemic…

Girl, 2, rushed to hospital after falling 15ft onto busy beach in Devon

A GIRL has been taken to hospital after falling 15ft onto a busy beach in Devon today, sparking a major operation by emergency services. The two-year-old fell from the walkway above Meadfoot Beach …

Asian shares up as recovery hopes overshadow virus worries

TOKYO — Shares rose in Asia on Tuesday as some regions in Japan resumed close-to-normal business activity, with hopes for economic recovery overshadowing worries over the coronavirus pandemic. The market focus is shifting to how various nations are adapting to getting back to business, while striving to keep new COVID-19 cases in check. Japan lifted …

Global shares up as recovery hopes overshadow virus worries

TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...

Asian shares climb, Tokyo gains on hopes for reopening

Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.

Asian shares climb, Tokyo gains on hopes for reopening

TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.

Moving production lines out of China is uneasy

Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.

Is the heat making you uneasy? These diet changes can help

The body's temperature needs to be regulated, because it is possible to be dehydrated even when you are not walking out in the heat.

Uttar Pradesh in grip of blistering heat, Allahabad hottest at 46.3 degrees Celcius

Day temperatures rose appreciably over Varanasi, Faizabad, and Lucknow divisions.The weatherman has forecast dry weather in the state warned of heatwave at isolated places over the next few days

Heat wave! UP in grip of blazing sun, Allahabad hottest at 46.3 degrees Celsius

They said rain and thunderstorm are "very likely" at isolated places over East UP on Wednesday.

Hotels in Germany gradually get back to business

As Germany eases coronavirus restrictions, hotels in some states are starting to reopen. But hygiene rules will often remain in place, and hotel owners still expect huge losses.

UK's Sunak authorises bailout to rescue strategically important companies

Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options

UK's Sunak authorises bailout plan to rescue strategically important companies

LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...

First flight takes off from Chennai airport as operations resume after two months

It left for Delhi at 6.35 a.m. with 116 passengers

In pics: First flight takes off from Nagpur, as operation resume after two months

Nagpur: After two months of suspension because of lockdown, airlines have resumed domestic passenger services in India, following the resumption order of Ministry of Civil Aviation. The first flight which left from Nagpur’s Dr. Babasaheb Ambedkar International Airport.

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.

Confusion reigns in Telangana airport as flights get cancelled

Only 40 of the 120 flights that were scheduled to land or take off from the GMR Rajiv Gandhi International Airport were operated.

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

The first day was marred by cancellations, and customer complaints

532 flights operated on Day 1, over 39,000 people travelled: Puri

'Action has returned to Indian skies,' tweeted Civil Aviation Minister after domestic flight service was resumed on Monday

USD/CAD stays below 1.4000 ahead of Poloz speech

Similar to other major currency pairs, USD/CAD is moving sideways in a tight channel on Monday amid thin trading conditions. As of writing, the pair w

Canadian dollar sticks to tight range ahead of Poloz speech

Loonie at 71.50 U.S. cents

Gold down as potential Japanese stimulus boosts risk appetite

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

Gold down as potential Japanese stimulus boosts risk appetite

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

Gold falls as potential Japan stimulus boosts risk appetite

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

Gold falls as Japanese shares rise on potential stimulus report

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

Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020

On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »

Stock, Forex, Commodity, Currency Markets Shut For Ramzan

The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).

More than 1,000 pubs have an interest in FBD ‘test case’, court told

Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown

‘Over 1,000’ pubs have interest in Covid-19 insurance test case

Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown

Virgin Media to offer free TV ads for SMEs under €1m support scheme

Broadband and pay-TV operator to showcase how businesses are responding to pandemic

Business sentiment rises but Covid-19 concerns persist

‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland

Irish agribusiness ClonBio reports €95m pretax profit for 2019

Ethanol prices rose last year, but Covid-19 impact means transport use has declined this year

Developer O’Flynn calls for task force to deal with housing crisis

Michael O’Flynn also wants help-to-buy scheme extended to 2025

Player Wills site: Hines and APG to seek permission for 416 homes

Fast-track planning application will be made to An Bord Pleanala in the first phase of redevelopment at the seven-acre site

‘I’ve so many outgoings with family life . . . it puts manners on you’

Me & My Money: John Crowe, founder and chief executive of Voucher Connect

Pilita Clark: A lot of us are losing it in lockdown – but we really shouldn’t

The odd outburst on Zoom is only human but this is not a time for angry words at work

Tax hit from Covid-19, O’Flynn’s solutions to housing crisis, and new homes for D8

Business Today: the best news, analysis and comment from The Irish Times business desk

Asian stocks subdued after China imposes new law on Hong Kong

Global financial markets already struggling to deal with huge economic uncertainty

EU divisions laid bare by ‘frugal four’ Covid recovery proposal

Ursula von der Leyen must soothe resentful southern member states and reassure northern hawks

Workplace bullying costs economy €239m per year

NUI Galway study finds that bullying is more prevalent in public sector than the private

Temperatures expected to hit 25 degrees on Thursday

Met Éireann forecasts dry weather for June bank holiday weekend

Dawn Meats reopens plant supplying McDonalds burgers

Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets

Bayer reaches agreement in 125,000 US cancer lawsuits

Pharmaceutical giant reportedly does deal to end inherited costly legal battle

Office chitchat is essential for the free flow of ideas

Casual gatherings are a catalyst for creativity

Ryanair goes to court over conduct of social welfare appeal

Airline claims it was refused leave by appeals commissioner to cross examine witnesses

Markets advance on hope of restrictions being eased globally

Subdued volumes traded on world markets as London and New York closed for holidays

Fruit and vegetable firm obtains interim court orders against technical manager

Company alleges she forwarded confidential company information to her personal email

UCD academics call for virus safety incentives for businesses

Study shows businesses that invest in workplace safety 20% more likely to ‘go under’

EU parliament may block fund unless it has grants which do not need to be repaid

Its president says it will block the fund proposed to stem the economic damage of coronavirus unless it is sufficiently ‘ambitious’

Swimming to be banned at Merrion strand due to poor water quality

Dublin beach is first to face such a prohibition, as EPA rates it as ‘poor’ for fifth year in a row

Quarantine plan would devastate aviation sector

Sir, – As an island nation and open economy, we are dependent on aviation as a critical artery for the life-blood of trade and tourism for our future prosperity.

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Nikkei rises, but Hong Kong shares slip as tensions with China heat up

Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.

‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies

‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy

Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say

China and the U.S. are back in the headlines — but are investors paying sufficient attention to the risks of a geopolitical clash?

Is the stock market closed today? Here’s everything investors need to know about Memorial Day trading hours and closures

Memorial Day will take on an even more somber tone this year.

Hulbert: My stock market forecast for June is likely wrong — but watch out for August

The March lows of the coronavirus crash could still be tested, writes Mark Hulbert.

iSignthis slams ASX for seeking sensitive details as Visa deal ends

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

iSignthis slams ASX for seeking sensitive details as Visa deal ends

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

iSignthis slams ASX for seeking sensitive details as Visa deal ends

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

Virgin's administrators put brakes on plane repossessions

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

Virgin's administrators put brakes on plane repossessions

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

Virgin's administrators put brakes on plane repossessions

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

Oil falls as US-China tensions take toll

Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China are beginning to weigh on sentiment.

Oil falls as US-China tensions take toll

Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from

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

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

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

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

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

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

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

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

Book sales soar as French lockdown eases

Even so, overall, sales were 60 percent down compared the corresponding period in 2019.

Book sales soar as French lockdown eases

A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.

Book sales soar as French Covid-19 lockdown eases

PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...

Wuhan conducts 6.5m Covid-19 tests in 10 days

The Chinese city performed 1,146,156 tests on Saturday alone.

Chinese city conducts 6.5m coronavirus tests in 10 days

Over 6.5 million nucleic acid tests to screen novel coronavirus infections was conducted within the space of 10 days in a Chinese city. According to official data by local health authorities, 6,574,093 tests were carried out

Wuhan uses sample pooling to conduct 6.57 million tests in 10 days

This includes a record 1.47 million tests on Saturday

Veterans' unemployment during coronavirus outpaces rest of US

As states continue to slowly ease coronavirus-related restrictions and reopen their economies, millions continue to be impacted by job losses, particularly veterans. 

Sally Pipes: Coronavirus recovery — Want to help the economy? Don't do this

In a rush to help, the government risks hamstringing our economic recovery in the coming months.

Shares in depository account can be used as margin till August 31: SEBI

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.

Sebi okays use of shares in depository account as margin until Aug 31

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system

Crude processing in April sees biggest drop in nearly two decades

The lockdown and travel curbs aimed at stemming spread of COVID-19 since March 25 forced people to stay home, cutting India's fuel demand by 45.8 percent in April.

India's April crude processing sees biggest drop in nearly two decades

Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed

IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid

IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr

ONGC may buy IL&FS’ 26% stake in Tripura power arm

IL&FS invites expressions of interest for share acquisition

Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding

In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later

Common sense urged after sunseekers flock to beaches and parks

People made the most of the bank holiday weather following the relaxation of lockdown restrictions in England.

Common sense urged after sunseekers flock to beaches and parks

People made the most of the bank holiday weather following the relaxation of lockdown restrictions in England.

Anti-dumping investigation on barley the only one initiated by China on Australia: commerce minister

Since China's anti-dumping and anti-subsidy investigation and relevant punitive tariffs against Australia's barley imports have recently become sources of tension, China's Commerce Minister said the investigation is the only one initiated by China on Australia, compared to more than 100 investigations launched by Australia.

Chinese netizens slam US over ending coronavirus research grant

Chinese netizens have slammed the US government after 77 Nobel laureates denounced the Trump administration for ending a research grant to a US non-profit organization researching the origin of the novel coronavirus.

Victoria’s BRI deal benefits local economy

Australia’s southeastern Victoria state should stick to its partnership with China to cooperate on the Belt and Road Initiative (BRI), despite noises made by politicians in Canberra, Chinese analysts said.

China to further crack down on manipulation of financial market

China has strengthened the effort to crack down on manipulation of financial markets in an effort to prevent and resolve financial risks, according to China’s top Chief Justice.

UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down

Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August

Bank Holiday supermarket opening hours - updated times announced for late May 2020

From Sainsbury’s and Asda to Tesco and Morrison's, here's when the supermarkets open and close on the Spring bank holiday weekend

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

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

Violent fight filmed breaking out on plane after ‘one passenger touches another’

The scrap broke out on the Ural Airlines Airbus A320 which had social distancing in place after the plane had flown from the Black Sea resort Sochi to Russian capital Moscow

Tesco announces two big changes to Clubcard scheme - and it's good news

The supermarket is giving shoppers more time to retrospectively add Clubcard points to their accounts - while those who have already claimed them will have an extra year to use them up

Ikea introduces new shopping rules as 19 stores reopen to the public

The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach

Tortoise falls from high-rise balcony and injures seven-year-old girl

The seven-year-old's mum says she is lucky to be alive after the tortoise, weighing around a kilogram, plummeted from a high-rise block of flats as she played in the street in southern China

Woman who spent months lovingly nurturing plant makes hilarious discovery

A woman who decided to research the species of plant she had been watering and feeding for 'months' shared the results on Facebook to give other gardeners 'a good laugh'

Best online flower delivery services: beautiful bouquets delivered straight to your door

Send a gift to a loved one or enjoy fresh flowers that come straight to your home address. We've rounded up the top sites for flower deliveries including Interflora, Moonpig and Bunches

6 million COVIDSafe downloads and a AU$60b JobKeeper data error | ZDNet

Only 4 million more until Australia reaches Scott Morrison's magic 40% target.

RBA to update transaction processing and settlement system for new payment streams | ZDNet

The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.

KKR becomes Jio Platform's fifth investor in five weeks | ZDNet

Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.

Southwest monsoon expected to reach Mumbai between June 15-20

The monsoon season is upon Maharashtra and the state is bracing for its impact amid the coronavirus pandemic. The head of Regional Specialised Meteorological Centre, Rajendra Kumar Jenamani informed that the city will likely witness monsoon between June 15 and 20.

Monsoon to reach Mumbai between June 15 and 20

Update on India’s most awaited season that holds the reins of the economy — the monsoon forecast. Rajendra Kumar Jenamani, head of Regional Specialised Meteorological Centre, says India has seen the highest temperature of this year at 47.6 in the last two days. The heatwave will start subsiding from May 28 as easterly winds will […]

Kerala monsoon 2020 date: Southwest monsoon expected to reach Kerala coast on this date; check details

The Health department of the state is actively working with several awareness initiatives so that people's participation is leveraged during the Kerala monsoon months.

Vivo Y70s 5G will boast Exynos 880 SoC and will cost less than $280

Vivo Y70s has been listed on the company's Chinese website. The device will boast the octa-core Exynos 880 SoC and costs less than $280.

vivo Y70s 5G comes with Exynos 880 SoC and sub-CNY 2,000 pricetag

Official sales tip-off next week on June 1.

Chinese tech giant criticizes US for 'politicizing business'

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

Chinese Tech Giant Criticizes US for 'Politicizing Business'

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

Chinese tech giant criticises US for 'politicising business'

The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses.

Russia's Aeroflot reports 95% April passenger drop

The Aeroflot Group carried 11.4 million passengers in the first four months of 2020, which is 34.7 percent less than the same period last year, it said in a statement.

Russia's Aeroflot reports 95% passenger drop in April 2020

Aeroflot Group expects to gradually increase the number of flights across Russia in June 2020

Russia’s Aeroflot reports 95pc April passenger drop

MOSCOW, May 25 — Russia’s biggest carrier Aeroflot today said it registered a 95 per cent drop in passengers in April compared to last year, as the coronavirus ground travel to a halt. The Aeroflot Group carried 11.4 million passengers in the first four months of 2020, which is 34.7 per cent...

Locust swarms reach MP, farmers brace for pain in kharif season

India has witnessed several locust plagues and upsurges since 1812 to 1997, but there has not been any major locust upsurge since 2011.The insects are known to originate in Arabian Peninsula, and invade India via Rajasthan-Pakistan border, just before the onset of the seasonal monsoon

Brace for long battle as new swarms of locusts fly into S. Sudan: UN agency

The surge may not be controlled by June.

India sharply cuts exposure to US govt securities to $156.5 billion in March

In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.

India sharply cuts exposure to US govt securities to $156.5 billion in March

India's holding declined by USD 21 billion to USD 156.5 billion at the end of March. The exposure was at a record high of USD 177.5 billion in February and USD 164.3 billion in January.

Aristocrat agrees to $47m payout to settle smartphone game lawsuits

The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.

Aristocrat agrees to $47m payout to settle smartphone game lawsuits

The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.

Aristocrat Leisure Pays $47 Million To Settle Social Media Gambling Lawsuits

Aristocrat Leisure – Australia’s largest gambling machine manufacturer – has agreed to pay USD$31 million (A$47.4 million) to settle two lawsuits lodged in Washington State, USA.

Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal

The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies

Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal

While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »

Japan's Uniqlo to make masks using underwear fabric

TOKYO — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.

Japan’s Uniqlo to make masks using underwear fabric

TOKYO, May 25 — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a...

Uniqlo to make face masks using underwear fabric

Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a spokeswoman said…

Crowdfunding projects help virus-hit businesses in Japan

Fundraisers in crowdfunding plans often provide donors with meal discount tickets and premium accommodation vouchers.

Kyoto hotels hit by 89% slump in foreign stays as pandemic takes toll

Visitors from East Asia, where the virus took hold from the start of the year, plummeted even further.

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

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

Japan government considers further pandemic relief of more than ¥100 trillion, report says

The package would be funded by a second extra budget for fiscal 2020 and follow the record ¥117 trillion spending plan deployed last month.

Japan's ANA leads way as masks become new normal in virus-era air travel

From June, All Nippon Airways will require all passengers to wear face masks inside airports and aboard aircraft.

China tests global diplomacy and economy

The country risks nations’ pushback as it moves ahead with its ambitions under the cover of COVID-19.

Japan will aim to shore up travel demand from late July

The government will carry out support measures to shore up demand in the travel and restaurant industries hit hard by the coronavirus pandemic, starting la

Beijing draws the line with Hong Kong

The world can't afford to be indifferent to Chinese behavior that flouts international norms and ignores obligations that Beijing has accepted.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Lockdown extensions economically disastrous, create another medical crisis: Anand Mahindra

News News: NEW DELHI: Mahindra Group Chairman Anand Mahindra on Monday said lockdown extensions are not just economically disastrous but also create another medi.

Need to adopt AI aggressively to ensure inclusive development in corona-hit world: Ravi Shankar Prasad

India Business News: Emphasising that the government’s Aarogya Setu app protects individual user’s privacy, Telecom and IT Minister Ravi Shankar Prasad said on Monday that

Drones come to rescue as Covid-19 pins down Irish service sector

News News: DUBLIN: Manna Aera, an Irish drone company, has come to the rescue of countless people as the delivery sector is still down in Ireland due to Covid-19.

TVS Motor announces 6-month salary cut as sales plummet

News News: In an issued statement TVS Motor Company said, "In the wake of the unprecedented crisis, TVS Motor Company has rolled out a temporary salary reduction

Government allows private jets, charter flights on domestic routes

India Business News: The ultra rich can once again jet around the country in their luxury private or charter aircraft. The aviation ministry from Monday allowed domestic a

Day 1: Chaos, disappointment and relief as domestic flights resume

India News: NEW DELHI: It was a day of mixed emotions as domestic passenger flights finally took off after a gap of nearly two months amid the coronavirus-induced.

Trays used to keep wallet, mobile, laptop for x-ray sanitised after every use: CISF

India Business News: Amid the contactless travel experience at post-pandemic airports, travellers need not worry about putting their belongings in a tray for passing throu

Cos look within for new woman leaders

India Business News: Namrata.

Health products get a boost as desis look to build immunity

India Business News: As the coronavirus pandemic rages, health has become an important element even in food and grocery items. Indians are warming up to the idea of buildi

Resumption of flights: It's chaos for passengers

Most of the complaints are from Air India passengers

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

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

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.

Credit Suisse: JobKeeper on the way out

Via the excellent Damien Boey at Credit Suisse:

Bond University on track for JobKeeper

Bond University is on track to be the only university in Australia to get access to JobKeeper after a rule change.

Upstate 19-year-old creates business to help with shortage caused by COVID-19

A 19-year-old in Gaffney saw a shortage caused by COVID-19. Hart Bridges then decided to start his own mask business called Rosleck Safety to help.

South Carolina teen creates business to help with mask shortage caused by COVID-19

A South Carolina teen decided to start his own mask business to help with the shortage caused by COVID-19.

McDonald's reveals plan to open more branches

The fast food giant has only reopened a small number of branches in the south east of England - but its CEO says it has 'not forgotten' about the rest of the country.

Trapeze artist dies after falling 5ft and missing safety mat while rehearsing

Guadalupe Videla, 29, died hours after cracking her skull when she fell to the floor.

Burger King modifies cardboard crowns to encourage social distancing

The hats were trialled at stores in Germany.