Virus sparks record drop in energy investment – IEA

The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...

Virus sparks record drop in energy investment: IEA

The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.

Virus sparks record drop in energy investment: IEA

All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…

IEA: Covid-19 crisis causing biggest fall in global energy investment in history

In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in

COVID-19 crisis is causing biggest fall in global energy investment in history: IEA

The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions

IEA forecasts a 20% drop in global energy investment in 2020

The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic

Global energy investment may see a record fall in 2020 over Covid-19: IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA

PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.

The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history

Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.

Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA

PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...

The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore

Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg

COVID-19 crisis causing biggest fall in global energy investments

Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic has set in motion the largest drop in global energy investment in history with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency said in a new report released today. The unparalleled …

Covid-19 Blows a $400 Billion Hole in Global Energy

Investment in oil and gas supply is in retreat, creating an opportunity to do things differently in the recovery.

Renault and Nissan rule out merger

As they unveil survival plan.

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

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

Nissan-Renault alliance to share more parts, technology

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

Nissan-Renault alliance to share more parts, technology

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

Nissan-Renault alliance to share more parts, technology

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

Renault and Nissan rule out merger as they unveil survival plan

Companies to cooperate more closely on car production to save costs

Renault and Nissan rule out merger as they unveil survival plan

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

Renault and Nissan rule out merger as they unveil survival plan

Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...

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

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

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

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

Nissan and Renault unveil steps to cut costs and revamp alliance

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

Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

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

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

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

Nissan and Renault Divvy Up Production Responsibilities

Nissan and Renault opted against a full merger on Wednesday, but neither side seemed to feel now was the time to disband the alliance and see how they might fare as a solo act. Every member of the Renault–Nissan–Mitsubishi Alliance took time to address financial concerns last year, encouraging further product integration as a cost-mitigation strategy. […]

Renault and Nissan scrap Ghosn strategy in move to slash costs

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

Mitsubishi Triton and Nissan Navara to look the same under radical overhaul

Next generation Mitsubishi Triton and Nissan Navara utes were supposed to look different, but be twins under the skin. A radical overhaul announced overnight means they will also look the same.

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox

Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, accordi...

Amazon is in advanced talks to purchase self-driving vehicle start-up Zoox

Amazon is reportedly in advanced talks to purchase self-driving vehicle start-up Zoox. Sources familiar with the matter tell The Wall Street Journal that the deal would value the company under $3.2 billion, the valuation its 2018 round of funding was based on.

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

Zoox hinted it's had interest from multiple buyers.

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

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

Amazon in Talks to Buy Autonomous Vehicle Startup Zoox

Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

Amazon in talks to buy driverless-technology startup Zoox

Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.

Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

Amazon in talks to buy autonomous vehicle start-up Zoox

Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

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

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

EU to propose €750bn Covid-19 recovery package

Ireland in line for grants of €1.9bn in scheme weighted by how badly economies have been hit

EU proposing €750bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

EU to propose €750bn Covid recovery package for states

Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit

EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'

The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...

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

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

EU proposing £670bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

EU proposing £670bn recovery fund in response to coronavirus pandemic crisis

The EU Commission is proposing a 750 billion-euro recovery (£670bn) fund to help the bloc’s economy through the deep recession induced by the coronavirus pandemic, commissioner Paolo Gentiloni said. Mr Gentiloni, who is in charge of economic affairs at the EU’s executive body, confirmed the size of the fund in a tweet.

Anger as EU orders all nations to chip into ‘unprecedented’ €750bn coronavirus recovery fund for worst-hit countries

A CONTROVERSIAL €750bn bailout of European Union countries worst hit by the coronavirus is set to spark a furious clash. The “unprecedented” measures will help economies hammered by the…

EU launches €750bn stimulus package to kickstart economies devastated by Covid-19

It is described as the biggest ever stimulus package and will be comprised mainly of loans and grants for businesses.

Brussels wants €750bn borrowing power to fund virus recovery

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

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund

Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."

Greece “will invest, not spend, its share” of the EU €750 billion recovery plan

Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government

EU reactions to Commission 750 bln euro coronavirus recovery scheme

BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan

Tesla to cut car prices in North America, China

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

Tesla to cut car prices in North America, China

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

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

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

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

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

Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America

It's Supercharger quick-charger is also no longer free for new Model S and X customers.

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

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

Tesla reduces car prices in North America and China

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

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

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

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

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

Tesla Cutting Car Prices to Spur Demand

The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.

Breaking: Tesla Cuts Model 3, X, & S Prices Up To 6% In North America, Model Y Unchanged

According to Reuters, Tesla has cut prices in North America on all of its cars except the Model Y by up to 6%. At the same time, free unlimited Supercharging on Model S and X has been removed. The delivery times for custom ordered Model 3's has been reduced from 5–7 weeks to 3–5 weeks

Tesla reduces prices of its cars in the US

Tesla today surprised everyone by announcing price cuts for its cars. This new price cut is applicable in both China and the US. The price cut varies from $2000 to $5000 depending on the model. Find the details below.

Tesla reduces price of nearly every car by $2,000 or more

A nice surprise from Tesla.

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union

Boeing set to announce significant US job cuts this week: union

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

Boeing set to announce significant US job cuts this week: Union

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".

Boeing set to announce significant US job cuts this week

A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.

Boeing set to announce significant US job cuts this week

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

Boeing set to announce significant U.S. job cuts this week: union

WASHINGTON (Reuters) - Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.

Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week

Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.

Boeing job cuts start to hit nearly 13,000 workers

A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.

Huawei CFO Meng loses key court fight against extradition to United States

Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid ...

Huawei CFO Meng Loses Key Court Argument in Fight Against Extradition To United States

Huawei's Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. From a report: Meng, a Chinese citizen, was arrested in December 2018 on a warrant issued by U.S. authorities, who accuse her of bank fra...

Huawei CFO Meng loses key court argument in fight against extradition to United States

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...

Huawei CFO Meng's US extradition case hinges on key ruling in Canada on Wednesday

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...

Huawei CFO fails to end US extradition fight in Canada

A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.

Huawei CFO fails to end US extradition fight in Canada

A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.

Huawei CFO fails to end US extradition fight in Canada

A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.

Huawei CFO loses bid to dismiss US extradition request

Huawei Technologies chief financial officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the US to face bank fraud charges.

Huawei CFO loses bid to dismiss US extradition request

Canadian court ruling will allow proceedings to continue against Meng Wanzhou

Huawei Meng's US extradition case hinges on key ruling in Canada on Wednesday

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...

Key court ruling coming today in Meng extradition case

VANCOUVER — The British Columbia Supreme Court is scheduled to release a key decision today in the American extradition case of Huawei executive Meng Wanzhou.

Key court ruling coming today in Meng extradition case

The British Columbia Supreme Court is scheduled to release a key decision today in the American extradition case of Huawei executive Meng Wanzhou.

Key court ruling coming today in Meng extradition case

The British Columbia Supreme Court is scheduled to release a key decision today in the American extradition case of Huawei executive Meng Wanzhou.

Explainer: What happens next in Huawei CFO’s U.S. extradition case

A Canadian judge will rule Wednesday on the extradition of Huawei

B.C. court rules Huawei CFO’s extradition proceedings will continue to second phase

A B.C. Supreme Court judge has ruled that Huawei’s chief financial officer’s case meets the double criminality test in Canada.

Canadian court deals blow to Huawei CFO

Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...

Canadian court deals blow to Huawei CFO

Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...

Huawei CFO Faces an Uphill Battle Against Extradition to the U.S as a Canadian Court Delivers an Adverse Ruling

Huawei CFO sustains a blow as the Superior Court of British Columbia delivers an adverse verdict in the U.S. extradition case

Canadian court greenlights extradition proceedings against Huawei CEO’s daughter

A British Columbia Supreme Court judge ruled against Huawei’s chief financial officer Meng Wanzhou on Wednesday, dismissing one of the key arguments by the daughter of the company's founder in her fight against extradition from Canada to the United States.

Politics Briefing: Major decision in Meng case comes down today

Also: Singh calls for RCMP to investigate conditions at long-term care homes

McDonald's is Reopening All of Its UK Drive-Thrus by Next Week

Prepare for the end times, as droves of people descend upon the golden arches for some takeaway fries and a burger, taking over roads and leaving carnage in their wake.

McDonald's to reopen all Scottish drive-thru restaurants from next week

Scots fans can finally get their hands on McDonald's as it makes its long-awaited comeback up north.

All of McDonald's Irish drive-thrus to reopen by next Thursday

All 51 drive-thrus in Ireland will be open by 4 June.

McDonald's to open all drive-thru restaurants by next Thursday

Fast food chain McDonald's will open its 28 drive-thru restaurants in Northern Ireland by Thursday of next week.

McDonald's drive-thrus in Notts set to reopen next month

The wait is nearly over

ALL McDonald’s drive-thrus in Suffolk to reopen next week

More than 1,000 McDonald’s drive-thru restaurants, including all sites in Suffolk, will be reopened to the public from next week.

McDonald's to re-open Dundalk drive thru next week - Talk of the Town

McDonald’s in Dundalk will re-open next week. The company announced this morning that all its drive-thrus would re-open by Thursday June 4th. The fast food chain opened six restaurants in Dublin last Wednesday and are now ready to move forward with the rest of Ireland with openings to take place between Tuesday and Thursday of...Read More→

McDonald's reveals when they're reopening all UK drive-thrus

The chain has announced it will reopen all of its drive-thrus and many more restaurants for delivery.

REPORT: McDonald's announce date of Dundalk drive-thru reopening

Restaurant

Every McDonald's drive-thru in Black Country and Staffordshire to be open next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

All McDonald's Drive-Thrus To Open Across The Country By June 4th

All McDonald's Drive-Thrus will reopen by Thursday June 4th.

McDonald’s to reopen more than 1,000 restaurants by next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

McDonald’s to reopen more than 1,000 restaurants by next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

McDonald's to reopen more than 1,000 restaurants by next week

McDonald's is rapidly expanding its store openings across the UK and Ireland to have more than 1,000 restaurants reopened for drive-thru or delivery by next Thursday, June 4. Last week, the fast food chain reopened 33 drive-thru sites but the company said it decided to close some lanes where demand "impacted local communities or the safety of our people or customers" due to long queues.

McDonald’s fans queue for TWO HOURS at drive thru in taste of things to come as 975 more restaurants to reopen next week

DESPERATE to get their gnashers around a juicy McDonald’s burger, fast food fans wait in queues for up to 2 hours. The reopening of another 975 restaurants – including in Scotland ̵…

McDonald’s announces all Irish drive-throughs to reopen on June 4th

High levels of anticipated demand will see each location revealed on morning of opening

McDonald’s 'mega fans' drive 250 miles to load up on fast-food at nearest drive-thru

Pals Ryan Hall and Paisley Hamilton, both 23 and from Hull, took the seven-hour road trip after finding their nearest re-opened McDonald's drive-thru was in Peterborough

McDonald's to reopen drive-thrus but with no breakfast items, no milkshakes and no wraps

LONG queues are expected next week when McDonald's reopens 924 branches across Britain and Ireland for drive-thru customers.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

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

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

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

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

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

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

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

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

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

Japan eyes fresh $1.1t stimulus to combat pandemic pain

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

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

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

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

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

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

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

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

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

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

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

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

Package includes financing for companies, rent subsidies and healthcare assistance

$20 trillion recession to come? Impact of Coronavirus on the world economy

Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.

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

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

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

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

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

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

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

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

Halfords to reopen 53 stores after physical-distancing trial

Customers allowed in store for first time since UK coronavirus lockdown started on 23 March

Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown

A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items

Halfords' Telford store reopens as 'retail lite' operation

Halfords has already reopened its Telford store, with some drastic changes.

The Halfords Code: Bike and car repair chain unveils how Covid-ready stores will operate with staff behind 'sneeze screens' and customer marshals - as 53 branches will fully reopen by Friday

During the UK lockdown, Halfords has been serving customers online and from car parks despite the Government saying that it was able to remain open.

WHO creates foundation to boost funding in coronavirus fight

GENEVA/ZURICH (Reuters) - The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.

WHO Creates Foundation to Boost Funding in Coronavirus Fight

Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus. (Reuters) WHO Director-General Tedros Adhanom Ghebreyesus denied the move … WHO Creates Foundation to Boost Funding in Coronavirus Fight Read More »

WHO creates foundation to boost funding in coronavirus fight

GENEVA: The World Health Organization announced on Wednesday (May 27) the creation of a foundation to tap new sources of funding that could help ...

WHO creates new foundation in a bid for more funds

It comes after the US threatened to pull funding from the global health body.

WHO creates new foundation in a bid for more funds

It comes after the US threatened to pull funding from the global health body.

WHO creates new foundation in a bid for more funds

It comes after the US threatened to pull funding from the global health body.

WHO Creates Foundation To Boost Funds In Fight Against COVID-19

The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.

WHO launches foundation to put finances in better health

The World Health Organization on Wednesday launched a new foundation for private donations, as US President Donald Trump threatens to pull the plug over its handling of the COVID-19 pandemic.

Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor

Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...

Ackman dumps stake in Buffett’s Berkshire Hathaway

Hedge fund manager says he can be ‘more nimble’ than his mentor’s conglomerate

Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

We continue to think Berkshire will be a strong investment over the longer term, but we also think the current environment means there may be more than typical opportunities for us to see very high-returning investments.

Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore

Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg

Bill Ackman dumps investments in Berkshire Hathaway, Blackstone

The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.

Ackman says hedge fund up 27 per cent year to date, dumped Berkshire

The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. It is also set to become the biggest shareholder of EV battery maker Guoxuan High-tech Co Ltd, the people said, adding both deals could be announced as early as Friday.

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

HONG KONG/FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector

The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture

Volkswagen in final talks to seal top M&A deal in China EV sector: Report

The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan

VW reportedly close to sealing biggest-ever deals in China's EV sector

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry

Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day

Boeing slashes 12,000 jobs as coronavirus seizes travel industry

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

Boeing slashes 12,000 jobs as coronavirus impacts travel industry

A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.

Tiktok maker ByteDance hit $3-billion in net profit last year

TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.

ByteDance Hit $3 Billion in Net Profit Last Year

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore

Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg

Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers

Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.

Boeing Resumes Production Of 737 Max At "Low" Rate

Boeing has resumed production of the 737 MAX at a "low" rate following two deadly crashes that led to the aircraft's global grounding by regulators, the company said Wednesday.

Boeing resumes production of its troubled 737 Max airplane

The plane involved in two fatal crashes is starting back up production.

Boeing resumes production of embattled 737 Max

Jet hasn’t flown commercially since March 2019 after 2 deadly crashes

Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore

Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg

Boeing Restarts Production of 737 MAX Jet Liner

The production was halted for four months following two deadly crashes in less than five months, which killed all 346 people on board, with software programming...

Asia stocks mixed on uncertainty over Hong Kong security law

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.“Mounting U.S.-China tensions bodes ominous for the global economy amid pandemic fragilities,” said Mizuho Bank in a report.Overnight, Wall Street closed at its highest level in nearly three months on hopes for economic recovery as more governments reopen factories, shops and other businesses.The Hang Seng index in Hong Kong sank 0.5% to 23,279.39 and the Shanghai Composite

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory’s status as a global financial center. The…

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.

Global stocks mixed on unease over Hong Kong security law

Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.

Global stocks mixed on unease over Hong Kong security law

Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.

France concerned by the future adoption of security law on Hong Kong

PARIS (Reuters) - Foreign Minister Jean-Yves le Drian said on Wednesday France was concerned by China’s proposed national security legislation that has raised international alarm over freedoms in Hong Kong.

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning.

Coronavirus pushes global credit rating downgrade threat to record high

LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning

Coronavirus pushes number of S&P credit-downgrade warnings to all-time high

A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate

S&P Global Reports Record Number of Potential Downgrades

In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.

Govt amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law

Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure

India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp

Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure

NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »

Companies Act amended to make PM CARES Fund eligible for CSR contributions

Until now, only the Prime Minister's National Relief Fund was eligible to receive CSR funding.

Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.

Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News

New Delhi: The Ministry of Corporate Affairs has issued a notification that contributions to the PM CARES Fund will be … Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News Read More »

Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds

The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28. 

PM CARES now eligible to receive contribution under CSR; govt amends Act

The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26

Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates

Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...

Contributions to PM CARES Fund will be considered as CSR: Centre

The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime

Donations by companies to PM-CARES Fund notified as CSR, says govt

Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund

McDonald's sets exact date every branch in UK will reopen

More than 1,000 are throwing open their drive-thru lanes

McDonald's shares exact date every drive-thru in UK and Ireland will reopen

EXCLUSIVE: The restaurant chain has revealed when hundreds more stores across the UK will reopen to the public - including many branches up north as coronavirus measures are slowly relaxed

McDonald's confirms date it will reopen 975 branches in the UK

This will take the total number of McDonald's restaurants back open to 1,019

McDonald's to reopen all UK and Ireland stores in June

Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures

Zipline’s drones are delivering medical supplies and PPE in North Carolina

Transporting almost four pounds of cargo at up to 80 mph.

Zipline Drones Will Continuously Drop Supplies To Hospital In North Carolina

Granted a waiver to operate due to the coronavirus pandemic, the operation could define how drone delivery works in the U.S. Its usefulness hinges on just how valuable a few pound of air-dropped supplies can be.

Zipline will use its drones to deliver PPE to US healthcare workers

Drones will be used to deliver PPE to healthcare workers in North Carolina.

Drone service launches in US to deliver medical supplies by air

Drone start up Zipline has collaborated with a health network in North Carolina to deliver much-needed medical supplies to medical centres.

In pandemic, using drones to drop medical supplies from sky

With a loud whir and a whoosh, a fixed-wing drone slingshots out of a medical warehouse, zips through hazy skies at 80 mph, pops open a belly hatch and drops a box of medical supplies. Slowed by a little ...

The coronavirus has killed more than 100,000 Americans in just over 4 months, Business Insider - Business Insider Singapore

Business Insider - More than 83% of those deaths could have been avoided if the US had locked down two weeks earlier, some research suggests.. Read more at businessinsider.sg

62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher., Business Insider - Business Insider Singapore

Business Insider - It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.. Read more at businessinsider.sg

Celebrities who have recovered from the coronavirus, Business Insider - Business Insider Singapore

Business Insider - J.K. Rowling, Prince Charles, and Tom Hanks have all confirmed that they are in good health after reporting novel coronavirus symptoms.. Read more at businessinsider.sg

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

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

A family-run circus has been stranded for 2 months in a Spanish town because of the coronavirus lockdown, Business Insider - Business Insider Singapore

Business Insider - Performers with the Raluy Legacy Circus have begun livestreaming their act for free and using their costuming skills to make face masks.. Read more at businessinsider.sg

One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg

More than a third of Americans are showing clinical signs of anxiety or depression amid the coronavirus pandemic, Census Bureau finds, Business Insider - Business Insider Singapore

Business Insider - Anxiety and depression rates were highest among young adults, women, and poor people, the US Census Bureau found.. Read more at businessinsider.sg

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore

Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg

7 red flags to be on the lookout for when restaurants reopen, Business Insider - Business Insider Singapore

Business Insider - Red flags include poor ventilation, waiters not wearing masks, and restaurants not allowing customers to make reservations.. Read more at businessinsider.sg

Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore

Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg

An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines, Business Insider - Business Insider Singapore

Business Insider - Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.. Read more at businessinsider.sg

Police arrested a Bay Area woman who they say posted racist notes on the homes of Asian Americans, Business Insider - Business Insider Singapore

Business Insider - The notes suggested that those not native to the US leave the country immediately.. Read more at businessinsider.sg

We lost the war in Afghanistan — time to come home, Business Insider - Business Insider Singapore

Business Insider - The US has suffered thousands of losses and spent trillions of dollars in Afghanistan and has nothing to show for it.. Read more at businessinsider.sg

10 of the most inspirational second careers of professional athletes, Business Insider - Business Insider Singapore

Business Insider - These 10 athletes have retired from sports, but haven't exactly relaxed in retirement. They've used their platform for good.. Read more at businessinsider.sg

The Trump Administration has deemed professional athletes essential workers in the United States — here's what that means for the return of sports, Business Insider - Business Insider Singapore

Business Insider - The provision allows professional athletes from foreign countries to enter the United States in order to compete in their respective sports.. Read more at businessinsider.sg

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore

Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg

Banning Trump from Twitter would be a disservice to the public, Business Insider - Business Insider Singapore

Business Insider - Twitter provides greater transparency into lawmakers' thinking. That's a good thing, especially when they're metaphorically showing their rear ends.. Read more at businessinsider.sg

The coronavirus has killed more than 100,000 Americans in just over 4 months

More than 83% of those deaths could have been avoided if the US had locked down two weeks earlier, some research suggests.

The coronavirus has killed more than 100,000 Americans in just over 4 months

More than 83% of those deaths could have been avoided if the US had locked down two weeks earlier, some research suggests.

The coronavirus has killed more than 100,000 Americans in just over 4 months

More than 100,000 Americans have died from the new coronavirus. That’s nearly one-third of the worldwide total.

62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.

It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.

62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.

It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.

More than a third of Americans are showing clinical signs of anxiety or depression amid the coronavirus pandemic, Census Bureau finds

Anxiety and depression rates were highest among young adults, women, and poor people, the US Census Bureau found.

More than a third of Americans are showing clinical signs of anxiety or depression amid the coronavirus pandemic, Census Bureau finds

More than one in three Americans are showing clinical signs of anxiety, depression, or both, according to the US Census Bureau, which began administering a weekly survey in late April to measure the social and economic impacts of the pandemic.

More than 100,000 people now dead from coronavirus in the US

The coronavirus death toll in the United States surpassed 100,000 on Wednesday, according to the Johns Hopkins University tally, making the US the first country to reach the six-figure, grim milestone. 

An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines

Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.

An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines

As frontline heroes in the fight against the coronavirus, healthcare workers like doctors and nurses often sacrifice their own physical and mental well-being in order to take care of others.

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

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

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

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

Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.

Older workers typically work in jobs that cannot be done at home and that involve close contact with others.

A family-run circus has been stranded for 2 months in a Spanish town because of the coronavirus lockdown

Performers with the Raluy Legacy Circus have begun livestreaming their act for free and using their costuming skills to make face masks.

A family-run circus has been stranded for 2 months in a Spanish town because of the coronavirus lockdown

Louisa Raluy is suspended upside-down from a rope hanging from the ceiling, twisting and turning as her fellow circus performers encourage her on.

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.

One of the most profitable trades since 1993 is broken amid the coronavirus pandemic

One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.

Police arrested a Bay Area woman who they say posted racist notes on the homes of Asian Americans

The notes suggested that those not native to the US leave the country immediately.

Police arrested a Bay Area woman who they say posted racist notes on the homes of Asian Americans

A 52-year-old woman in the San Francisco Bay Area was arrested on suspicion of a hate crime after police learned she was posting hateful handwritten messages on the homes of Asian-Americans, according to a statement from San Leandro Police Department.

The Trump Administration has deemed professional athletes essential workers in the United States — here's what that means for the return of sports

The provision allows professional athletes from foreign countries to enter the United States in order to compete in their respective sports.

7 red flags to be on the lookout for when restaurants reopen

Red flags include poor ventilation, waiters not wearing masks, and restaurants not allowing customers to make reservations.

7 red flags to be on the lookout for when restaurants reopen

As restaurants reopen dining rooms, many Americans are eager to once again eat out at their favorite spots.

Celebrities who have recovered from the coronavirus

Many celebrities who reportedly tested positive for COVID-19 – or showed novel coronavirus symptoms without being tested – have since recovered.

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers

Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers

From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.

10 of the most inspirational second careers of professional athletes

We hear the phrase “second act” a lot in regards to athletes. Almost all of them retire before they’ve even hit middle age – they have decades left to do something productive with the money they’ve made and the fame they’ve accrued.

Banning Trump from Twitter would be a disservice to the public

Twitter provides greater transparency into lawmakers' thinking. That's a good thing, especially when they're metaphorically showing their rear ends.

We lost the war in Afghanistan — time to come home

Hello, everyone! Welcome to the next edition of Insider Today. Please sign up here. It’s an all-David Plotz day today – enjoy! Henry Blodget slept in and awoke to find that Plotz had it covered. To view this on our site, click here.

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

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

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

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

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

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

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

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

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

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

Amtrak set to cut up to 20% of workforce by October

Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...

Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery

Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees. 

Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership

Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.

India wilts under heatwave as temperature hits 50 degrees Celsius

India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.

India wilts under heatwave as temperature hits 50 degrees Celsius

The hot spell is projected to scorch northern India for several more days, the Meteorological Department said late Tuesday, "with severe heat wave conditions in isolated pockets".

India wilts under heatwave as temperature hits 50 degrees Celsius

India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring ...

India wilts under heatwave as temperature hits 50 degrees Celsius

India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.

India wilts as temperature hits 50 degrees Celsius

India is wilting under a heatwave, with temperatures in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.

India wilts as temperature hits 50 degrees Celsius

The hot spell is projected to scorch northern India for several more days, 'with severe heat wave conditions in isolated pockets'

India heatwave: Delhi temperature hits 47C as north India reels

Delhi saw temperatures hit 47C, the highest in decades for this time of year.

North India sizzles as temperature touches 50C

India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly 20 years.

Ex-TTC CEO Byford to be London Transport Commissioner

Andy Byford, the Briton lionized as New York City’s “Train Daddy,” is to be London’s new Transport Commissioner, taking up the role in June.

Byford, Ex-Subway Chief in New York, Will Be London Transport Commissioner

Andy Byford, who quit after clashing repeatedly with New York’s governor, was credited with helping revive the subway.

Former TTC boss Andy Byford to head up London's transportation system

Former TTC boss Andy Byford will take over as London’s transport commissioner, dashing the hopes of some Torontonians who had openly speculated about whether he might return to Canada following a nearly two year-run as head of New York City’s subway system.

Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.

Oil falls on U.S.-China tensions over Hong Kong

Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09

Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the

Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...

Oil slides on U.S.-China tensions

By Laura Sanicola NEW YORK (Reuters) - Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts

Trump says will announce reaction on Hong Kong tensions within days

WASHINGTON, DC: President Donald Trump said on Tuesday (May 26) he will give a "very interesting" response within days to China's threat to ...

Asia Session: Regional Equities Mixed On Hong Kong Tension; Oil Consolidates

Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, AUD/USD, USD/CAD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com

Trump says he will announce 'very interesting' reaction on Hong Kong tensions

WASHINGTON: President Donald Trump said on Tuesday (May 26) he will give a "very interesting" response within days to China's threat to tighten ...

Oil prices slip on demand worries even as Covid lockdowns begin to ease

Brent crude futures fell 21 cents, or 0.6 per cent, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9 per cent, at $34.04 a barrel

Oil slides on OPEC, Russia uncertainty

Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

PARIS (Reuters) - Sanofi (SASY.PA) will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron (REGN.O), the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership

Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares

Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...

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

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

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

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

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

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

Tuesday Morning becomes 5th big retailer to file Chapter 11

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

Tuesday Morning becomes 5th big retailer to file Chapter 11

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

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

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

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

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

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

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

Government may need to pump $20 billion into coronavirus-hit state banks: Report

India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du

Government may need to pump $20 billion into coronavirus-hit state banks: Report

MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »

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

India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks

India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

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

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

India may need to pump Rs 1.5 L crores into coronavirus-hit state banks

India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

Debt downgrades can push India bank fund raising to $20 billion

State-run banks will need $13 billion from the government to recapitalize.

Debt downgrades can push India bank fund raising to $20 billion

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.

Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank

Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank

Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank

By Deisy Buitrago CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday

Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank

CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.

Venezuela reaches deal with U.N. to buy food, medicine with gold -cenbank

CARACAS — Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.

Chinese team summits Everest amid bid to remeasure peak

BEIJING — A Chinese survey team on Wednesday became the first and perhaps only group to climb Mt. Everest this year, part of a project to remeasure the exact height of the world’s tallest mountain.

Chinese team summits Everest amid bid to remeasure peak

A Chinese survey team on Wednesday became the first and perhaps only group to climb Mt. Everest this year, part of a project to remeasure the exact height of the world's tallest mountain.

Chinese team summits Everest amid bid to remeasure peak

The ascent, reported by Chinese state media, comes after both China and Nepal canceled the spring climbing season on the mountain that straddles their border.

Chinese team summits Everest amid bid to remeasure peak

A 53-member team from Chinas Ministry of National Resources has been conducting scientific work on Everest since early March.

China's survey team summits Mt Everest to remeasure its height

After summiting, team members began erecting a survey marker on the snow-covered peak, which measures less than 20 square meters, the report said.

China’s survey team summits Mt Everest to remeasure its height

According to China’s measurement the height of Mount Everest is 8844.43 meters which is four meters less than Nepal’s calculations, the state media reported.

Mt. Everest to be remeasured

The ascent, reported by Chinese state media, comes after both China and Nepal canceled the spring climbing season on the mountain

China's survey team summits Mt Everest to measure its height

 A Chinese survey team on Wednesday reached Mount Everest through Tibet to remeasure the exact height of the world’s tallest mountain. According to China’s measurement the height of Mount Everest is

Tech reboot in store for EU as plans recovery from crisis

Tech reboot in store for EU as plans recovery from crisis

Tech reboot in store for EU as plans recovery from crisis

BRUSSELS (Reuters) - From ramping up 5G’s rollout to exploiting its data, the European Union is turning to technology to help it bounce back from the coronavirus crisis and compete better in key areas with the United States and China.

Coronavirus: What is involved in the EU’s recovery plan?

Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?

Novavax aims to make 1 billion COVID-19 vaccine doses after buying plant

The U.S. company said on Wednesday it would buy Czech Republic-based Praha Vaccines, a unit of India's Cyrus Poonawalla Group, which also owns Serum Institute, for $167 million in cash. Novavax is one of several companies in the race to develop a vaccine for COVID-19, the disease caused by the novel

Novavax aims to make one billion COVID-19 vaccine doses after buying plant

(Reuters) - Novavax Inc (NVAX.O) is buying a manufacturing plant from privately held Serum Institute of India, the world’s largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.

US Firm Aims To Make 1 Billion COVID-19 Vaccine Doses After Buying Plant

Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world's largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.

UK tells EU: break the Brexit 'impasse' so we can do trade deal

Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July. The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during

UK tells EU: break the Brexit 'impasse' so we can do trade deal

LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.

UK tells EU: break the Brexit 'impasse' so we can do trade deal

LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.

UK tells EU: Break the Brexit 'impasse' so we can do trade deal

Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...

Stranded overseas, Chinese vent anger on aviation regulator

BEIJING (Reuters) - Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China’s aviation regulator.

Stranded overseas, Chinese vent anger on aviation regulator

The Civil Aviation Administration of China (CAAC) has been flooded with tens of thousands of social media comments criticising it and the Chinese government for the small number of flight options to bring home the people stranded overseas.

Stranded overseas, Chinese vent anger on aviation regulator

Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China's ...

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore

Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg

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

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

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

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

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

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

European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage

Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.

Stocks rally on EU stimulus plan, euro gains

NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.

Stocks rally on EU stimulus plan, euro gains

NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...

Stocks, euro rise on massive EU stimulus plan

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Trade War 2.0 or worse? Trump strips Hong Kong of it's special trading status, dramatically escalating US-China tensions

In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.

Trade War 2.0 or worse? Trump strips Hong Kong of its special trading status, dramatically escalating US-China tensions

In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.

U.S. strips Hong Kong of special trading status

Hours before Beijing will hold a key vote on a controversial new security law on Hong Kong, Mr. Pompeo sent a notice to Congress that China was not living up to obligations from before it regained control of the territory from Britain in 1997.

U.S. considering suspension of Hong Kong's special tariff rates: sources

WASHINGTON (Reuters) - The Trump administration is considering suspending Hong Kong’s preferential tariff rates for exports to the United States as part of its response to China’s plan to impose national security laws on the former British colony, people familiar with the matter said on Wednesday.

New York governor meets with Trump to push for infrastructure investment

WASHINGTON (Reuters) - New York Governor Andrew Cuomo met President Donald Trump on Wednesday to press for investment in the nation’s roads, bridges and railways as U.S. states begin to reopen after the coronavirus outbreak left the economy in tatters.

Gov Cuomo Meets Trump with Infrastructure Wish List for New York

New York Governor Andrew Cuomo met with President Donald Trump to discuss New York's three infrastructure projects for economic recovery.

New York governor floats infrastructure projects to reboot economy

NEW YORK, May 27 — New York Governor Andrew Cuomo yesterday floated a number of major infrastructure projects to reboot the US economy post-pandemic, saying he would raise the issue at a meeting today with President Donald Trump. “Let's do something creative, let's do it fast. Let's put...

Oman to end Muscat lockdown on May 29

Oman to end Muscat lockdown on May 29

Oman to lift lockdown on Muscat from Friday

As per the new decisions, public sector employees will resume work gradually

Oman to lift lockdown on Muscat from Sunday

As per the new decisions, public sector employees will resume work gradually

Oman to end lockdown of Muscat governorate on May 29

DUBAI (Reuters) - Oman will on Friday end a lockdown of its Muscat governorate - which includes the capital - that has been in place since April 10 as the sultanate eases its coronavirus containment measures, the state news agency reported on Wednesday.

Panama to relax coronavirus measures in second stage of re-opening

PANAMA CITY (Reuters) - The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

Panama to relax coronavirus measures in second stage of re-opening

PANAMA CITY  – The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

Panama to relax coronavirus measures in 2nd stage of re-opening

PANAMA CITY — The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

COVID-19: Most viruses, other germs do not spread easily on flights, says CDC

Most viruses and other germs do not spread easily on flights, the US Center for Disease Control and Prevention has said in its COVID-19 guidelines which do not recommend following social

COVID-19: Most viruses, other germs do not spread easily on flights, says CDC

However, air travellers were not risk-free specially in the time of the COVID-19 pandemic

Covid-19: Most viruses, other germs do not spread easily on flights, says report

As a result of coronavirus pandemic, air traffic inside the US has come to a near halt. Air traffic is said to be down to about 90 per cent.

US agency says most viruses and other germs do not spread easily on flights

It also do not recommend following social distancing between two passengers inside a plane or keeping the middle seat unoccupied

COVID-19: Travellers take note! Most viruses, other germs do not spread easily on flights, says CDC

The CDC guidelines do not recommend following social distancing inside a plane between two passengers or keeping the middle seat unoccupied.

Most viruses do not spread easily on flights: CDC

Most viruses do not spread easily on flights: CDC. The CDC guidelines do not recommend following social distancing between 2 passengers inside a plane or keeping the middle seat unoccupied.

Coronavirus: Most viruses, germs don’t spread on flights, says US public health agency

The Centers for Disease Control and Prevention also said that physical distancing is difficult on flights which may increase a passenger’s risk to Covid-19.

ICMR removes Rs 4,500 price cap for COVID-19 tests, asks states to negotiate with private labs

The ICMR has said, since the production of indigenous test kits like ELISA which was developed by National Institute of Virology, India is no more solely dependent on imported testing kits.

Covid-19: ICMR removes Rs 4,500 price cap for tests, states free to fix cost now

The decision was taken due to availability of indigenous testing kits and other supplies in India now.

Coronavirus outbreak: ICMR removes price cap of Rs 4,500 for COVID-19 tests

The Indian Council of Medical Research has removed the price cap of Rs 4,500 for the real-time polymerase chain reaction (RT-PCR) test used to detect COVID-19, asking states and the Union Territories to negotiate with private labs to fix 'mutually agreeable' rates for the test.

Coronavirus tests: ICMR removes price cap of ₹4,500

There are 428 government and 182 private labs for COVID-19 testing across all states and UTs in the country.The earlier upper ceiling of ₹4500 is not applicable now

Private Labs, Take Note! ICMR Says Price Cap of Rs 4,500 For COVID-19 Test Not Applicable, States/UTs Advised to Negotiate

The ICMR has also asked states and Union Territories (UTs) to negotiate with private labs to fix "mutually agreeable" rates for the test.

ICMR asks states to revise cost of Covid-19 test; material cost may reduce

India has reported a total number of 1,51,767 cases of coronavirus, of which 64,425 have been cured/discharged while 4,337 have lost their lives

Centre asks states, UTs to negotiate with private labs, bring down test price

Incidentally, 182 private labs in the country make up 29 per cent of the total testing infrastructure. There are 428 government laboratories where Covid testing is currently taking place.

Nokia Shuts Plant in Tamil Nadu After 42 Employees Test Positive for COVID-19

Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19.

Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19

Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.

Nokia shuts plant in Tamil Nadu after 42 test positive for COVID-19

NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...

Nokia shuts Tamil Nadu plant after 42 employees test positive for Coronavirus

Chinese smartphone maker OPPO last week suspended operations at a recently re-opened plant on the outskirts of New Delhi after at least nine workers tested positive for the novel coronavirus.

Nokia shuts factory in Tamil Nadu after 42 test positive for COVID-19

Earlier this month, Nokia shut down its manufacturing plant in Tamil Nadu, India. The company made the move after employees tested positive for the Coronavirus infection. While the official numbers weren’t given out, a source close to the situation claimed that the infected number of people reached 42. Back when the COVID-19 cases had initially …

Nokia shutters manufacturing plant as employees test positive for Covid-19

Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.

Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19

Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19

The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash

Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.

The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash

Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.

The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash

The Department of Justice is dropping its investigation into three US senators accused of insider trading over stock sales made after they received closed-door briefings on the novel coronavirus.

The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash, Business Insider - Business Insider Singapore

Business Insider - Sens. Kelly Loeffler, James Inhofe, and Dianne Feinstein have said money managers sold the stock without their direct involvement.. Read more at businessinsider.sg

The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic

Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.

The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic

Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.

The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic

As people are spending more time than ever in their homes, skincare is seeing a major boom in popularity. Business Insider’s Kate Taylor reported in March that Americans in isolation have turned to skincare as a form of self-care and comfort, and as a result, skincare sales have rapidly outpaced the general beauty market in recent months.

The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic, Business Insider - Business Insider Singapore

Business Insider - Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.. Read more at businessinsider.sg

Wall Street opens higher on recovery optimism

The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.

Wall Street opens higher on recovery optimism

Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...

Wall Street closes higher on economic revival hopes

Stocks closed higher on Wall Street Wednesday, extending the market's gains into a third day on hopes for a coming economic revival as larger swaths of the country relax stay-at-home mandates imposed due to the coronavirus pandemic and clear the way for more businesses to reopen.Despite a choppy day of trading, the S&P 500 gained 1.5% and finished above the 3,000-point mark for the first time since early March. The Dow Jones Industrial Average crossed above 25,000 points, where it hasn't closed since March.Financial, industrial and health care stocks accounted for a big slice of the gains.

Stock indexes rise on optimism of recovery, shrink back

US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained

States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately

States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.

States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari

"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.

States should come forward with ₹20 tn to battle COVID-19 disruptions: Gadkari

More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with ₹20 trillion, while another ₹10 trillion can be harnessed from public-private investment, said Nitin Gadkari

After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus

Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.

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

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

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

"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.

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

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

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

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

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

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

COVID-19 to accelerate digital adoption in India; Jio helped spur internet usage: Morgan Stanley

India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US. Morgan Stanley projected India's 670 million internet users to rise to 914 million by 2027 and online shoppers to jump to 590 million from 190 million in 2020.

COVID-19 to accelerate digital adoption in India; Reliance Jio helped spur internet usage: Morgan Stanley

In a 53-page report on 'India's Digital Economy in a Post-COVID-19 World', Morgan Stanley said 2020 will likely see increasing online penetration in grocery and will put a few Super Apps into motion.

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

COVID-19 to accelerate digital adoption in India

COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.

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

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

Clinical trials to accelerate adoption of new drug treatments in Saudi Arabia

RIYADH: Clinical trials in Saudi Arabia could speed up the adoption of new drugs locally, a pharmaceutical executive has told Arab News. “Clinical trials have two very big benefits for the Kingdom. Firstly, they provide data in the long run with respect to safety and efficacy, catered specifically to the Saudi population. Secondly, they impact local investment and build

Paul Krugman Is Pretty Upbeat About the Economy

In a Q&A, the Nobel-winning economist says the pandemic recovery probably won’t be like the one from the last recession.  

Paul Krugman says he's feeling 'more positive than I expected to be' about the economy

As the economic devastation caused by the coronavirus pandemic continues, Paul Krugman says he's feeling "more positive than I expected to be" about the recovery. The economist and New York Times writer spoke in an interview with Bloomberg about the state of the U.S. economy amid the coronavirus pandemic, cautioning that the crisis should not be looked at as "a garden-variety recession" instead of a "shutdown enforced by social distancing." Asked how long the economic fallout might last, Krugman explained that looking at past recessions, "until now we've had two kinds: 1979-82-type slumps basically caused by tight money and the 2007-09 type caused by private-sector overreach. The first kind was followed by V-shaped 'morning in America' recoveries; the second by sluggish recoveries that took a long time to restore full employment." Krugman argues that the current crisis is "more like 1979-82 than 2007-09," not being caused "by imbalances that will take years to correct," which suggests a "fast recovery" once the…

Euro-Area Economy Closer to ECB’s Worst-Case Estimates, Lagarde Says

The euro-area economy is faring worse than hoped, facing a recession as bad as the European Central Bank’s more pessimistic forecasts.

ECB’s Lagarde ‘not overly concerned’ about new euro crisis

FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...

Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19

(Reuters) - Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.

Vancouver biotech firm AbCellera raises US$105-million as it focuses on COVID-19 research

It is the second financial boost this month for AbCellera, which has partnered with several of the world’s largest drug companies, as well as the U.S. Defense Advanced Research Project Agency

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

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

EU chief von der Leyen to propose €1 trillion coronavirus recovery fund

It comes after Germany and France proposed a €500 billion fund instead of coronabonds – but it’s still not clear if the funds will be loans or grants.

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

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

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

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

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

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

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

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

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

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

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

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

China to increase international flights if virus under control: regulator

BEIJING (Reuters) - China’s aviation authority will consider increasing international flights as long as imported coronavirus risks are under control, state media China News reported on Wednesday, citing the agency’s deputy director, Li Jian.

China to increase international flights if COVID-19 under control: Regulator

China's aviation authority will consider increasing international flights as long as imported coronavirus risks are under control, state media ...

Toronto Star owner Torstar to be sold, taken private in $52- million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Torstar to be sold, taken private in $52 million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Torstar to be sold, taken private in $52-million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Torstar to be sold, taken private in $52 million deal

Torstar Corp. says it has agreed to be sold to NordStar Capital for $52 million.

Toronto Star owner Torstar to be sold, taken private in deal worth $51-million

The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight

Media company Torstar to go private after sale to NordStar Capital in $52M deal

NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private

NordStar Capital buys Torstar Corp. for $52-million

Transaction was recommended by a special committee of media company’s board of directors

NordStar Capital to Acquire Torstar

NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...

Torstar shares climb after privatization deal with NordStar Capital

TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.

New owners of Torstar face financial, political challenges

TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.

Latam becomes largest airline driven to bankruptcy by coronavirus

NEW YORK, May 27 — Latam Airlines Group, the continent's largest carrier, filed for US bankruptcy protection yesterday, becoming the world's largest carrier so far to seek an emergency reorganisation due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America's...

LATAM becomes largest airline driven to bankruptcy by coronavirus

(Reuters) - LATAM Airlines Group (LTM.SN), the continent’s largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.

EU pledges €40b for ‘just transition’ from fossil fuels

BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...

EU pledges 40 billion euros for 'just transition' from fossil fuels

BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain

Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.

Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain

Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore

Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg

Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer

The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.

Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer

Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.

Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore

Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg

7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades

From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.

7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades

By all measures, the coronavirus pandemic has crippled the United States economy: Unemployment is at record highs, lines for food banks circle entire city blocks, and the rate of business bankruptcies has accelerated.

7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades, Business Insider - Business Insider Singapore

Business Insider - From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.. Read more at businessinsider.sg

People are experiencing 'adjustment disorder' as lockdowns end and society reopens, a psychiatrist says

At first, coronavirus lockdowns led to anxiety. Now, the prospect of leaving them is. A psychiatrist calls it "phase two adjustment disorder."

People are experiencing ‘adjustment disorder’ as lockdowns end and society reopens, a psychiatrist says

The day the Illinois governor announced a shelter in place order March 20, Mallory Bradford, a Chicago resident, broke down crying in a grocery store aisle.

People are experiencing 'adjustment disorder' as lockdowns end and society reopens, a psychologist says, Business Insider - Business Insider Singapore

Business Insider - At first, coronavirus lockdowns led to anxiety. Now, the prospect of leaving them is. A psychologist calls it "phase two adjustment disorder.". Read more at businessinsider.sg

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore

Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg

Economists expect another 2.1 million Americans filed for unemployment insurance last week

The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.

Economists expect another 2.1 million Americans filed for unemployment insurance last week

Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.

Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore

Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg

The editor-in-chief of the Journal of the American Medical Association explains how a medical study gets published

"Two-thirds of papers are rejected without external peer-review," JAMA's Howard Bauchner told Business Insider.

The editor-in-chief of the Journal of the American Medical Association explains how a medical study gets published

Published studies are the backbone of medical understanding, both for healthcare professionals and the general public. And medical journals are the gatekeepers of that research, ensuring accuracy and integrity.

The editor-in-chief of the Journal of the American Medical Association explains how a medical study gets published, Business Insider - Business Insider Singapore

Business Insider - "Two-thirds of papers are rejected without external peer-review," JAMA's Howard Bauchner told Business Insider.. Read more at businessinsider.sg

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

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

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

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

A Colorado high school threw a graduation ceremony for its 66 students like only a ritzy ski town could, and the photos are pretty great

The 66 graduates of Telluride's high school rode gondolas up a mountain to individually receive diplomas at 10,500 feet.

A Colorado high school threw a graduation ceremony for its 66 students like only a ritzy ski town could, and the photos are pretty great

The 66 graduates of Telluride's high school rode gondolas up a mountain to individually receive diplomas at 10,500 feet.

A Colorado high school threw a graduation ceremony for its 66 students like only a ritzy ski town could, and the photos are pretty great, Business Insider - Business Insider Singapore

Business Insider - The 66 graduates of Telluride's high school rode gondolas up a mountain to individually receive diplomas at 10,500 feet.. Read more at businessinsider.sg

Heavy rains may mar quality of Ugandan coffee crop: official

The weather is not good for drying the beans.

Heavy rains may mar quality of Ugandan coffee crop: official

KAMPALA (Reuters) - The quality of Uganda’s coffee crop may decline in the coming months as heavy rains across the east African nation have reduced the amount of sunshine necessary for bean drying, an industry official told Reuters on Wednesday.

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

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

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

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

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

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

Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

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

Passenger on Alliance Air’s Delhi-Ludhiana flight tests positive for coronavirus

The flight was operated on May 25, when domestic flight services resumed after remaining grounded for two months due to the nationwide lockdown to prevent spreading of coronavirus infections.

Passenger on Alliance Air's Delhi-Ludhiana flight tests Covid-19 positive

According to the spokesperson, there were 36 passengers and five crew members in the flight.

COVID-19 | Passenger on Alliance Air’s Delhi-Ludhiana flight tests positive

All passengers and the cabin crew have been quarantined

Passenger on Delhi-Ludhiana Air India flight tests positive for coronavirus, 40 others quarantined

A passenger on a Delhi-Ludhiana Air India flight on Tuesday tested positive for coronavirus. Air India has said 36 passengers and 4 crew members have been quarantined in Punjab.

Coronavirus update: Air India staff on board Delhi-Ludhiana flight tests positive

According to the District Public Relations Office, the man arrived on May 25 by a domestic flight at the Sahnewal Airport. However, test results of 10 of his co-passengers have come negative

Battle ahead for EU’s massive virus recovery plan

Brussels, Belgium | AFP | European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe and urged sceptical member states to back it. The global coronavirus outbreak has already thrust the EU into its deepest ever recession, and Von der Leyen’s proposal would help the worst affected countries. But …

Battle ahead for EU's massive virus recovery plan

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

EU to unveil massive stimulus plan for post-coronavirus recovery

The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.

EU to unveil massive stimulus plan for post-coronavirus recovery

To help member states recover from coronavirus slump.

EU to unveil virus recovery plan amid split over way ahead

The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.

ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case

During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.

ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case

The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.

Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore

The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA

Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul

A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India

Amrapali case: JP Morgan says attachment properties by ED ‘blatantly illegal’

However, the bench asked the ED to consider objections raised by JP Morgan India against attachment of its properties and posted the matter for hearing on June 3.

JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court

The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.

Kent RO Apologises For Casteist Atta Maker Ad After Severe Backlash

Several Twitter users had reported the ad to the Advertising Standards Council of India.

Kent Apologises For Atta Maker Ad Slammed As "Classist", Offensive

Healthcare products company Kent RO Systems has issued an apology after a huge backlash over an advertisement that many criticised as "classist" on social media.

Kent RO withdraws ad, apologises for depicting helps as Covid-19 carriers

The ad, featuring Hema Malini and her daughter Esha Deol as campaigners, drew heavy criticism on social media

Kent RO takes down controversial ad, apologises for depicting maids in derogatory manner

The ad, featuring Hema Malini and her daughter Esha Deol as campaigners, drew heavy criticism on social media.

Extremely ridiculous: Kent RO's atta maker ad featuring Hema Malini called out for 'offensive' poster

Gold prices hit two-week low on optimism around reopening of economies

Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13

Gold hits 2-week low on optimism around reopening of economies

Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.

Gold prices hit 2-week low on reopening optimism

US gold futures were down 0.5 per cent to $1,697.60.

Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses

Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses

Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years

Widespread unemployment could linger longer than expected and slow an economic recovery.

Goldman Sachs: Unemployment Could Remain High For Next 2 Years

Goldman Sachs economists say the unemployment rate could remain high for the next two years due to policies designed to mitigate the pandemic's effects.

Scotland’s McDonald’s drive-thrus will reopen from June 2 as 975 more branches return throughout UK next week

MCDONALD’S plans to reopen another 975 branches for drive-thru and delivery from June 2. It comes as the fast food chain reopened 39 branches for drive thru last week. ⚠ Read our coronavirus …

The future of McDonald's: £25 limit per car, plastic screens at counters and staff getting daily temperature checks - as fast food giant announces 975 branches and ALL drive-thrus will reopen next week

McDonald's has announced nearly 1,000 more restaurants will reopen to hungry customers next week. Footage released today shows how the restaurants will prevent the spread of coronavirus.

Americas will be hardest hit by COVID-19 job losses: ILO

The Americas, meanwhile, had jumped from being the least affected region in labour market terms in the first quarter to being the most affected, with an expected 13.1 percent drop in working hours in the second, ILO Director-General, Guy Ryder, told a briefing.

Americas will be hardest hit by COVID-19 job losses: ILO

The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, ...

Americas will be hardest hit by Covid-19 job losses, says ILO

GENEVA, May 27 — The Americas will bear the brunt of an estimated 305 million job losses that the Covid-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said today. The outbreak also risks creating a “lockdown generation” of young people...

Americas will be hardest hit by COVID-19 job losses: International Labour Organization

The outbreak also risks creating a "lockdown generation" of young people forced to play catch-up on the labour market for at least 10 years, the Geneva-based body said.

Beleaguered sterling heads into a perfect storm

Beleaguered sterling heads into a perfect storm

Startling Figures Reveal Extent Of Government Support For Beleaguered Economy

Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy

Global energy spending to fall $400bn due to coronavirus crisis

IEA says investments in low-carbon technologies falling far short of climate goals

Global energy investment to drop by $400bn

An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.

World’s largest all-electric aircraft set for first flight

Nine-seater plane should take to skies on Thursday and produce no carbon emissions

Effective test, track and tracing 'can reduce lost working hours by 50%'

UN research shows strong systems can reduce public fear and minimise workplace disruption

Hong Kong no longer has autonomy from China, Mike Pompeo says

US will end special trade relations with Hong Kong, which could seriously impact the territory’s economy

Tech selloff weighs on S&P 500, Nasdaq

Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.

Tech selloff weighs on S&P 500, Nasdaq

Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...

Wall Street opens mixed, falling tech shares weigh on Nasdaq

Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial

Stocks mixed as tech sector weighs on the market

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

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

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

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

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

Lufthansa supervisory board unable to approve bailout package

Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...

A Eurowings plane with just 2 passengers on board was forced to turn around after learning its destination airport was closed due to coronavirus

The flight from Düsseldorf, Germany, to Sardinia, Italy, made it all the way to its destination before it had to turn around.

A Eurowings plane with just 2 passengers on board was forced to turn around after learning its destination airport was closed due to coronavirus, Business Insider - Business Insider Singapore

Business Insider - The flight from Düsseldorf, Germany, to Sardinia, Italy, made it all the way to its destination before it had to turn around.. Read more at businessinsider.sg

'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes

A delay in changing soiled residents led to a "skin breakdown," and others were found not to have been bathed for several weeks.

'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes, Business Insider - Business Insider Singapore

Business Insider - A delay in changing soiled residents led to a "skin breakdown," and others were found not to have been bathed for several weeks.. Read more at businessinsider.sg

Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore

Business Insider - A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.. Read more at businessinsider.sg

Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again

A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.

Man in India who sold his goats for airline tickets will finally fly home

IndiGo, India’s biggest airline, has agreed to help a migrant laborer and two others fly home from Mumbai after an earlier flight he paid for by selling family livestock was canceled.

Lockdown plight: Labourers who sold goats for a flight ticket will finally fly home

IndiGo has agreed to help the three to fly from Mumbai after their flight was cancelled.

Airline bails out migrants who sold off goats for tickets

India News: MUMBAI: Three migrants who lost over Rs 30,000 in savings and cash from sale of goats as their Mumbai-Kolkata flight was cancelled on Monday will fina.

Stripe expands in Europe, adding five more countries

Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.

Stripe launches in five new European countries

Expansion, which is being led by Dublin office, means company now in 39 countries

Stripe Expands In Europe, Inks JCB Tie-Up In Japan

Stripe, a technology company that allows businesses to make and receive online payments, has launched in five more European countries.

Moderate participation expected in spectrum auctions: ICRA

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

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

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

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

It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.

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

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

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

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

A Tech Billionaire May Find Use in a Cold War

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

Stocks Have a Psychologically Important Day

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

CoCo Bond Investors Face a Covid-19 Reckoning

The coronavirus pandemic is even starting to affect the highly specialized world of bank capital

Detroit to Get Mask Factory With Investment From Bangladesh

Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.

Hedge Funds Pay Up in U.S. to Poach From Rivals Stung by Turmoil

Izzy Englander sent his Millennium Management staff to work from home in early March. Since then, about 100 people have quietly joined the $42 billion hedge fund.

There’s Far Less Bang in a Huawei Ban Now

New U.S.sanctions on China's biggest technology company will make its equipment less desirable anyway.

The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business

The Federal Reserve’s next front in the battle to support the U.S. economy is to prevent millions of American small businesses from becoming the Achilles heel of the recovery.Fed Chairman Jerome Powell told the Senate Banking Committee last week that he’s concerned about America’s “jobs machine” -- its small and medium sized firms -- tipping into bankruptcy and destroying the “work of many families and generations.” If that happens, there will be fewer jobs when state governors declare it’s safe

The European Union Is on the Brink of Historic Change

The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury

The Coronavirus Hit the U.S. Economy Swiftly and Unevenly

Live events and airlines are among the sectors suffering, as people switch to buying cushions and ordering food.

All the Stocks Are the Same Now

Also insider trading and virtual roadshows.

Bitcoiners Go Wild After Goldman Revives Tulip Mania Comparison

Goldman Sachs Group Inc. just forged a lot of new enemies -- in the crypto world.

SoftBank’s Vision Fund Is Planning to Cut 10% of Staff

SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.

U.S. Stocks End Rally With China Tensions Rising: Markets Wrap

U.S. stocks erased gains and ended lower after President Donald Trump said he’d hold a press conference Friday to discuss China, potentially stoking tensions between the world’s two largest economies.

Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion

Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.

New York Gold Traders Drown in a Glut They Helped Create

The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.

State Bank of India slashes FD rate by 40 bps, second cut in May

The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request

Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates

SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.

SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond

India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin

BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar

Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.

BMO reports Q2 profit down from year ago as provisions for credit losses rise

TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

BMO reports Q2 profit down from year ago as provisions for credit losses rise

BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge

By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.

RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic

Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago

IndiGo grounds crew for 14 days after passenger on Chennai-Coimbatore flight tests Covid-19 positive

This is the first case of a passenger testing positive after domestic flight services resumed on Monday.

Passenger on IndiGo's Chennai-Coimbatore flight tests positive for COVID-19

A young man who flew to Coimbatore from Chennai on board an IndiGo flight on Monday is among those who tested positive for COVID-19.

Passengers On Multiple Domestic Flights Test Positive For Coronavirus After Operations Resume

Passengers of a Delhi-Ludhiana flight have been quarantined after a 50-year-old Alliance Air employee has tested positive for coronavirus.

Two SpiceJet passengers test positive for Covid-19, crew quarantined

The operating crew has been quarantined and SpiceJet is coordinating with government agencies in notifying other passengers who had travelled with them.

Domestic flight operations on their way to normalcy

PTI New Delhi A total of 445 domestic flights, carrying 62,641 passengers, were operated on Tuesday, Civil Aviation Minister Hardeep Singh Puri said on We

Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

Le Pain Quotidien, the U.S. division of the Belgian bakery chain, has filed for bankruptcy protection.

Bakery chain Le Pain Quotidien files for bankruptcy

The US arm of Le Pain Quotidien, an upscale bakery chain known for its chocolate-filled pastries, on Wednesday filed for bankruptcy protection, a victim of coronavirus lockdowns that have idled

U.S. DOJ closing insider trading probes into three senators: WSJ

(Reuters) - The U.S. Department of Justice is closing probes into three U.S. senators over stock trades made shortly before the coronavirus market turmoil, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak

TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.

Malaysia's Axiata to pick two 5G vendors, in move that could curb reliance on Huawei

KUALA LUMPUR (Reuters) - Axiata Group Bhd, Malaysia’s third-biggest telecom operator by subscribers, said it would select two equipment suppliers to roll out 5G services, opening the door for the likes of Ericsson to fight it out with dominant player Huawei.

Israel Discount Bank Q1 profit dips on spike in credit loss provision

JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.

Coronavirus toll on Italy's elderly strains "nonni" safety net

MILAN (Reuters) - Paola Berardi, 70, and her husband Mauro have taken care of their two grandchildren every weekday for the past decade while their daughter went to work in a chemical company. Every summer, they decamped with the twins to a seaside resort on the northern Italian coast.

SoftBank-backed Ola Electric buys Dutch scooter company Etergo

NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.

Renault has no problems in relations with French state: chairman

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.

CATL explores new EV battery services, to add capacity: chairman

BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.

Ryanair says holiday bookings surge, sees Britain dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join European nations in dropping COVID-19 quarantine plans in the coming weeks, Chief Executive Michael O’Leary said in an interview on Wednesday, reporting a “big surge” in holiday bookings from the country.

Top investor in Italy's Nexi cuts stake as M&A looms

MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.

Brazil's Vale ordered to set aside $1.48 billion for Brumadinho dam damages

SAO PAULO (Reuters) - A judge in Brazil’s Minas Gerais state partially granted an injunction sought by prosecutors ordering iron ore miner Vale SA to deposit 7.9 billion reais ($1.48 billion) for payment of potential fines related to a dam disaster last year.

Ryanair's holiday bookings surge, sees UK dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join other European nations in dropping COVID-19 quarantine plans in the coming weeks, its CEO told Reuters on Wednesday, as he reported a “big surge” in holiday bookings from the country.

With tourism hammered by lockdown, Cyprus expects July comeback

NICOSIA (Reuters) - Cyprus hopes to regain lost ground in its tourism sector from July and expects to be able to re-admit British and Russian visitors by then after weeks of lockdown.

South African mines record 320 COVID-19 cases ahead of lockdown easing

JOHANNESBURG (Reuters) - South Africa’s mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa’s most industrialised economy eases lockdown measures next week.

EU keeps defence fund alive with 8 billion euro proposal

BRUSSELS (Reuters) - The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.

Irish coronavirus reproduction rate falls

DUBLIN (Reuters) - The average number of people in Ireland infected by someone who has tested positive for the new coronavirus has fallen to 0.4 to 0.5 in the first set of data taking account of a gradual easing of restrictions, Health Minister Simon Harris said on Wednesday.

Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing

(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.

Online shopping highlights Cuba's inequality in time of coronavirus

HAVANA (Reuters) - The coronavirus pandemic is highlighting growth in inequality in Communist Cuba as worsening shortages force most citizens to spend hours in line to purchase basic goods while the better-off are shopping online.

Chevron shareholders approve calls for more transparency on climate lobbying

(Reuters) - Chevron Corp shareholders on Wednesday voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities, a major win for activists against big oil.

Senegalese tourism hot spot struggles without visitors

SINE SALOUM, Senegal (Reuters) - Lionel Lopez grimaces as he looks at the stagnant green water in the bottom of the pool at his hotel in Senegal’s Saloum Delta. He drained it after the global pandemic closed borders, bringing West Africa’s tourism industry to a standstill in mid-March.

Quest Diagnostics offers U.S. employers coronavirus testing as workers return

(Reuters) - Quest Diagnostics Inc on Wednesday started offering blood tests, temperature monitoring and other tailored services to U.S. employers as they attempt to reopen factories and offices after months under coronavirus-led lockdowns.

Occidental is sued by shareholders, bondholders over Anadarko merger

NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.

Moderna rally loses steam over COVID-19 vaccine worries

(Reuters) - Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc (MRNA.O), fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.

American Airlines CEO quells U.S. bankruptcy talk, says demand improving

(Reuters) - American Airlines Group Inc (AAL.O) is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said on Wednesday and dismissed speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.

Exxon shareholders soundly reject splitting CEO/chairman roles

(Reuters) - Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.

Govt to discontinue 7.75% taxable savings bonds scheme from May 28

The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.

RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28

“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.

Govt to discontinue 7.75% saving bonds from May 28

The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the

Government to withdraw 7.75% Savings (Taxable) Bonds scheme

The scheme, commonly known as RBI Bonds or GOI bonds, is popular among retail investors who looking for safety of principal and a regular income. NRIs, however, are not eligible for making investments in these bonds.

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

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

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

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

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

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

Is India's richest man Mukesh Ambani betting on US-China tech war?

US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate

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

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

Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.  

Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.

Stock markets mixed as China-US tensions return to fore

Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.

Stock markets mixed as China-US tensions return to fore

HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...

Asian markets in retreat as China-US tensions return to fore

Markets are concerned about another flare-up in Hong Kong on a controversial security law

Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension

Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti

NTPC eyes majority stake in Delhi distribution cos.

Plans to enter distribution business

NTPC eyes majority stake in ADAG’s Delhi power utilities

Power giant, the first PSU in the race for stake in two BSES firms

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

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

NTPC keen to buy Reliance Infra’s Delhi discoms

Reliance Infrastructure had sold its Mumbai discom business to Adani Transmission in 2018 for Rs 18,800 crore, which helped the company reduce its debt by Rs 13,800 crore.

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

Hundreds of jobs to go as News Corp confirms restructure

News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.

News Corp to cut hundreds of jobs in restructure

News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) - Lufthansa's $10 billion government bailout was thrown into doubt on Wednesday after the German airline's supervisory board refused to accept the conditions attached by Brussels. The board, which had been expected to sign off on the aid, instead refused EU requirements that Lufthansa permanently give up take-off and landing slots at Frankfurt and Munich airports, where it commands a two-thirds market share. The bailout plan nevertheless remains

Lufthansa board rejects EU conditions on US$10 bln bailout

German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...

Lufthansa refuses to accept EU conditions on $10-billion bailout

Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.

G20 finance projects give $77b a year to fossil fuels: Watchdog

The analysis showed that China, Japan, Canada and South Korea were the worst offenders.

G20 finance projects give $77 bn a year to fossil fuels: watchdog

Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .

Group of 20 finance projects give $77 billion a year to fossil fuels

The analysis showed that China, Japan, Canada and South Korea were the worst offenders.

Coronavirus: 'Short-lived' rebound in house hunter demand

Buyer demand leapt when curbs on the sector were lifted in England, but may not last long-term, analysis says.

RIL RE price jumps 11% on Day 5 on high volumes

RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.

RIL-RE price jumps 11% on Day 5 on high volumes

RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.

Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes

With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day

Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today

NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.

Market Update: Sensex rallies 996 points; banking and IT stocks in the lead

Rally in bank stocks purely a function of F&O expiry: Sana Securities

‘It seems to be some kind of herd mentality and that could be one reason for todays move

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Coronavirus Ireland Live Updates: Ryanair customers could be waiting up to six months for refund

Follow the latest coronavirus news in Ireland and across the world on the Independent.ie live blog.

Government has no choice, must listen to wise counsel: Chidambaram

India Business News: The Congress, after rejecting the govt's economic package announced to revive the economy, has said that sooner than later the govt will accept the su

Government has no choice, must listen to wise counsel: Chidambaram

NEW DELHI: The Congress, after rejecting the government’s economic package announced to revive the economy, has said that sooner than … Government has no choice, must listen to wise counsel: Chidambaram Read More »

Government has no choice, must listen to wise counsel, says Chidambaram

The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.

All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened

All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened

All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened

In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...

All three Detroit automakers had workers test positive for COVID-19 since plants reopened

In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...

All three Detroit automakers have had workers test positive for COVID-19 since plants reopened

The U.S. auto industry reopened many plants last week after a two-month shutdown due to the global pandemic

France unveils €8bn 'electric' rescue for car industry

French president Emmanuel Macron announced on Tuesday an €8bn rescue plan for the car industry - with a big boost for electric vehicles, Associated Press reported. "Our country wouldn't be the same without its great brands - Renault, Peugeot, Citroen," Ma...

France unveils stimulus plan worth €8 billion for car industry

The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of

Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic

Rupee Edges Lower To Close At 75.71 Vs Dollar Amid COVID-19 Lockdown

The rupee is down 6.10% against the dollar so far this year After starting the day nearly unchanged at 75.67 … Rupee Edges Lower To Close At 75.71 Vs Dollar Amid COVID-19 Lockdown Read More »

IndiGrid Q4 net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.

IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.

Wonderla's net profit falls in Q4 to 1.56 crore

Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...

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

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

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

Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.

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

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

Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of

Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

NEW DELHI: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior level executives … Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19 Read More »

Sebi again extends deadline to apply for 147 senior-level vacancies amid Covid-19

Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.

German ECB executive shrugs off court ruling against bond buying

Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank

UK economy faces 5% annual deficit by 2024, say economists

Survey forecasts coronavirus undermining Britain’s public finances until next election

Riskier European companies draw €32bn from bank credit lines

Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities

Coronavirus accelerates shift away from cash

Pandemic encourages more businesses to move to contactless payments

Business will be the loser in the US-China fight

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

British Land suffers £1bn hit from retail tumult

Property company dented by coronavirus impact and boom in ecommerce

US shoppers to be wooed back with steep discounts

Retailers including Macy’s prepare for sales after writing down value of merchandise

Hammerson chief executive to step down

David Atkins to depart as shopping centre owner grapples with coronavirus fallout

M&G buys adviser platform from Royal London

Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market

UK regulator halts antibody home tests for coronavirus

MHRA warns unvalidated samples using finger prick may lead to unreliable results.

Fed says pandemic inflicted most ‘severe’ damage on travel sector

Beige Book report on economic conditions shows activity fell sharply in most parts of US

Global stocks shake off concern over US-China tensions

Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong

Boeing to axe 12,000 US workers even as Max assembly resumes

Aircraft manufacturer says production of grounded jet will initially be at ‘low rate’

Airlines Aren’t Alone. Hotels’ Brand Valuations To Drop 20% Because Of COVID, Cratering Of Travel Demand

"The COVID-19 pandemic is going to hit the hotels sector hard as holidays are cancelled and people work from home."

Annoying Security Line At Charlotte Airport Is Maybe A Good Sign For American Airlines

A video of a long security line at Charlotte Douglas was posted on Twitter Monday. On the negative side, the line recalled all the inconveniences of packed airports. On the plus side, same thing.

Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders

Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.

Playing Defense With Cloud Software Stocks

Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.

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

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

Southwest And JetBlue Top Annual List Of Most Satisfying Air Carriers

Travelers flying on Southwest Airlines and JetBlue Airways will end up relatively more satisfied with their journeys, according to new airline satisfaction data published this morning.

ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion

It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.

Can General Electric Survive The COVID-19 Recession

General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...

Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions

SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.

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

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

Mining Gold in the Workplace Marketplace

Doug Kirkpatrick explains how leaders can help create individualized opportunities for employees in order to find the gold hidden in your workplace.

The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.

We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.

Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports

Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.

Bangladesh Threatens To Ban These UK Brands, Escalating Battle To Get Factories Paid

Apparel manufacturers say the UK company EWM Group plotted to place fresh orders in the country without first paying its outstanding debts.

Growth Is Crushing Value Right Now, But Take A Long-Term Horizon

So far this year, growth stocks are up 1.8 percent through May 27. Meanwhile, value stocks are still down more than 16.2 percent.

The Worst Deal Ever: The Inside Story Of The Epically Bad Decision By StubHub’s Cofounder To Buy His Company Back

Eric Baker was fired from StubHub in 2005. Fifteen years later his new company Viagogo paid $4 billion to buy it back—just weeks before coronavirus utterly destroyed the business.

‘Cannabis Treats COVID-19’ Rallied Weed Stocks: Cannabis Could Aid Pandemic—If Someone Pays To Find Out

A Canadian researcher's claim that cannabis can treat the coronavirus briefly rescued some publicly traded cannabis companies. Will it trigger more investment in research?

LATAM Airlines Starts Reducing Fleet, Including A350 And 787 Aircraft Under Chapter 11 Bankruptcy

The 19 aircraft comprise six A350 and 787 widebodies and 13 A320 family aircraft.

Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy

The Dow broke above 25,000.

Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position

COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?

Qualcomm XR Viewer Program Gains Momentum With Operators

Analyst Anshel Sag discusses the latest news around Qualcomm's XR Viewer program and its inroads with operators.

As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens

The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.

Montreal Shatters May Temperature Record With A 98°F High On Wednesday

Wednesday's high temperature of 98°F in Montreal, Quebec, is one of the city's hottest temperatures on record.

Building An Adaptive Retail Enterprise For Day 2

Many experts and business leaders believe that this chapter will accelerate the pace of digital transformation, align business and technology behind common strategic objectives, and determine the winning and losing consumer brands of our time.

Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds

A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.

Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession

“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."

Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely

Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.

Almost $800 Million In Mask Scams Alleged In The U.S. Alone

The market for masks is riddled with scammers looking to seize on desperate buyers looking to buy in bulk.

Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million

Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.

Black Girl Sunscreen Secures $1 Million From Female Investor Amid COVID-19

This month, Black Girl Sunscreen (BGS) secured a $1 million dollar investment from a private female funding source.

Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide

The Dow broke above 25,000.

Microsoft’s Stock Faces A Sharp Reversal

Microsoft's stock is running into some technical trouble that may result in shares falling.

Dow Closes Above 25,000 For First Time Since March

The S&P also broke above 3,000, its best close since March.

Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance

Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.

Huawei CFO to find out if her fraud case will proceed

Canada arrested Meng Wanzhou, the daughter of Huawei's founder, at Vancouver's airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China's rise.

Huawei CFO Meng to find out if a U.S extradition case against her will proceed

A top executive of Chinese tech giant Huawei is scheduled to learn Wednesday if a U.S extradition case against her can proceed. Canada arrested Meng Wanzhou, the daughter of Huawei’s founder, at Vancouver’s airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China’s rise.

EU readies trillion-euro aid plan as virus hammers Latin America

A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday.

EU readies trillion-euro aid plan as virus hammers Latin America

A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday, as badly hit Spain started 10 days of national mourning for its thousands of dead.

EU unveils huge aid plan as virus hammers Latin America

The massive European plan follows other unprecedented emergency measures introduced around the world to rescue economies shattered by the disease, which has claimed more than 350,000 lives as infections top 5.6 million.

EU proposes huge aid plan as COVID-19 hammers Latin America

The EU unveiled a proposed 750-billion-euro recovery plan Wednesday to get the continent back on its feet after the devastation wreaked by the ...

EU readies trillion-euro aid plan as virus hammers LatAm

BRUSSELS, May 27, 2020 (AFP) - A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday, as badly hit Spain started 10 days of national mourning for its thousands of dead.

Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie

An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.

Court hears 14 ‘credible’ expressions of interest in Joe.ie company

Examiner appointed to Maximum Media Network

GTA 6 release date is 2023 suggests analyst as Take-Two reveal marketing plans

Take-Two’s own financial predictions point to a massive increase in marketing in 2023 and everyone seems to think it’s for GTA 6.

GTA 6 release date might have just been discovered - and it's bad news

Take-Two Interactive's marketing budget hints at a GTA 6 release date.

First-time buyers who'd 'never done DIY' give the 1960s time-warp home they bought 'on a whim' a stunning £50,000 makeover - and now it's worth £65,000 more than they paid

Rosie Potter and Jacob Flurry from Bristol, had no plans to buy until they spotted 1960s Twin Trees. After realising it was still on the market months after they viewed it, they put in a 'cheeky' offer.

Almost 750,000 drivers had motors MOT'd in April despite lockdown and six-month test exemption during pandemic, DVSA reveals

Motorists were urged to not use their cars as part of stricter lockdown rules in April, with only front-line and essential workers allowed to continue driving and have vehicles MOT tested.

Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return

Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.

Two Russian fighter jets 'buzz' a US reconnaissance plane and come within FEET over the Mediterranean provoking Navy fury at 'unsafe' manuever

The Su-35 fighters surrounded a P-8A US plane as it flew over the Mediterranean Sea on Tuesday, the US Navy revealed in a statement.

ANOTHER testing shambles: Health chiefs ban public from buying the same antibody test they are rolling out for NHS workers

Britain's Medicines and Healthcare products Regulatory Agency (MHRA) has 'asked' companies to stop providing at-home antibody tests after spotting them online.

Spain proposes allowing direct travel between EU cities with low rates of coronavirus infections, rather than opening national borders, to boost tourism

Spain wants to create a 'green zone travel network' between European regions where coronavirus is low, rather than opening national borders in the hope it will allow tourism to restart quicker.

Girl, 11, plunges 200ft and breaks her back after falling through a gap on a glass walkway in a Chinese park

The 11-year-old dropped to the ground after her safety harness 'fell off', Chinese authorities said. The walkway comprises of dozens of see-through panes with gaps in between.

'Safety stamp' launched by World Travel & Tourism Council for 'hygienic' destinations and businesses in bid to reassure holidaymakers and speed up tourism recovery

The stamp will allow travellers 'to recognise governments and businesses around the world which have adopted health and hygiene global protocols', so they can experience 'safe travels'.

'Put them in a spacecraft and fly them to Mars': Abigail Disney hits out at 'feral' billionaires, saying Bezos has transformed into Darth Vader, Elon Musk is a narcissist and Peter Thiel is a menace

Answering who the 3 most 'toxic billionaires' were, Abigail Disnet named Jeff Bezos, Elon Musk and Peter Thiel. She said Bezos was like Vader.

ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy

Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.

As dry as a bone: Reservoir levels fall and our parks turn brown in driest May since Victorian time

The driest May in 124 years has only seen 1.25in (31.8mm) of rain fall on average across the UK this month, and forecasters say this is unlikely to increase in the final few days of May.

Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis

Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.

CRAIG BROWN: Warning - don't play croquet in front of the telly

CRAIG BROWN: One of the most surprising beneficiaries of the current crisis is the game of croquet. The Croquet Association reports a 110 per cent rise in sales of croquet sets.

Ryanair calls on State to axe ‘ineffective’ quarantine plan

Michael O’Leary calls for widespread use of face masks and 1m social distance

Ryanair calls on State to end ‘ineffective’ quarantine for overseas travellers

O’Leary says Republic should follow other EU countries and lift restriction from July 1st

Michael O'Leary hits out at Government's 'ineffective' quarantine regime

Ryanair CEO Michael O'Leary has hit out at Government plans to quarantine travellers coming into ...

Future Retail to raise up to Rs 650 crore via NCDs to refinance debt

The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements

Future Retail Ltd gets approval to raise up to Rs 650 crore via NCDs

Future Retail to raise up to Rs 650 crore to reduce debt

The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.

Social distance fines in Northern Ireland drop from almost 400 to 30 in a month

The PSNI issued 30 penalties in May compared with 374 between the end of March and April 24.

Social distance fines in Northern Ireland drop from almost 400 to 30 in a month

The PSNI issued 30 penalties in May compared with 374 between the end of March and April 24.

Social distance fines in Northern Ireland drop from almost 400 to 30 in a month

The PSNI issued 30 penalties in May compared with 374 between the end of March and April 24.

Coronavirus fines in north drop from almost 400 to 30 in a month

The number of fines issued by the PSNI over social distancing rules dropped from nearly 400 to 30 in a month, it can be revealed.

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

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

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

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

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

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

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

Huawei disappointed by a Canadian court ruling against CFO meng Wanzhou’s bid to avoid extradition

Following a Canadian court ruling that the case of senior Huawei executive Meng Wanzhou, who is fighting extradition to the United States, can go forw

Canadian judge rules Huawei CFO Meng Wanzhou’s fraud case will proceed | Honolulu Star-Advertiser

VANCOUVER, British Columbia >> A Canadian judge ruled today the U.S. extradition case against a senior Huawei executive can continue to the next stage, a decision that is expected to further harm relations between China and Canada.

Evening Update: Huawei’s Meng Wanzhou loses key decision in extradition hearing; U.S. considers withdrawing Hong Kong’s preferential status

Also: Ontario taking over management of four long-term care homes named in damning report

Greater Than has launched a cloud-based loyalty program

Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.

More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.

L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.

Amazon is planning a summertime sale separate from Prime Day

Amazon is planning a "Summer Sale" that would enable merchants to sell extra inventory they may have accumulated during the coronavirus pandemic.

Here's why 3 Wall Street analysts just boosted their Apple price targets

All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.

Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output

MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said on Wednesday. They also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs, the Kremlin said.

Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin

MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further

Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output

The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs

After rare silence, Istanbul's Grand Bazaar prepares to reopen

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries.

After rare silence, Istanbul's Grand Bazaar prepares to reopen

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, where a raucous mixture of ...

After rare silence, Istanbul’s Grand Bazaar prepares to reopen

ISTANBUL, May 27 — An eerie silence has fallen over Istanbul’s Grand Bazaar, one of the world’s oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries. But there are now signs of life at the market as municipal workers...

Grand Bazaar prepares to reopen

: An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets

Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over

India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem

Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over

The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".

Investor wealth surges by Rs 2 lakh crore as markets rally

Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.

Investor wealth surges by Rs 2 lakh crore as markets rally

India Business News: Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market. The 30-share BSE Sensex settled 995.92 points or

LA allows shopping, worship sooner than expected in pandemic

Retail shops and offices were allowed to open Wednesday and the largest Roman Catholic archdiocese in the U.S. announced a plan to resume services as Los Angeles County took another step toward a reop

LA allows shopping, worship sooner than expected in pandemic

LOS ANGELES (AP) — Retail shops and offices were allowed to open Wednesday and the largest Roman Catholic archdiocese in the U.S. announced a plan to resume services as Los...

Time for return to normality

Is it time to move to Level 1, asks  Richard Macknight. New Zealand has set out to save lives and our economy by setting out to eliminate Covid-19...

NRL heavyweights kick off return to normality

While the Eels and Broncos were both undefeated before the NRL season was halted after two rounds, Thursday's clash carries more weight than your regular grudge match.

Small signs of normality returning to our town centres ahead of shops reopening

While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.