Renault to cut 15,000 jobs

Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

Renault to cut 15,000 jobs

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce

Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan

Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently

Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs

Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.

French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the

French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

Renault to cut 15,000 jobs in 2b euro cost cutting plan

Renault hopes to bring about the job cuts without redundancies through voluntary departures, internal mobility measures and retraining, sources said.

Renault to cut 15,000 jobs in US$2.2b cost cutting plan

PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...

Renault to restructure factories, confirms 15,000 job cuts

News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.

Renault to cut 15,000 jobs worldwide, including 4,600 in France: Sources

French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro cost-cutting plan over three years, sources said Thursday. The plan,

Renault to slash about 15,000 jobs in €2bn cost-cutting plan

Carmaker eyes production cuts after fall in demand during coronavirus crisis

Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France

French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…

French Carmaker Renault Plans to Eliminate Nearly 15,000 Jobs Worldwide Amid Pandemic

Earlier, French President Emmanuel Macron said that authorities intend to send 8 billion euros to support the automotive industry.

Renault plans to cut 14,600 jobs worldwide in race to reduce costs

The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion

Renault poised to announce 15,000 layoffs worldwide

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.

Renault to cut 15,000 jobs, save RM9.7 billion by 2024

Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses

Renault poised to announce 15,000 lay offs worldwide

Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.

Renault poised to announce 15,000 layoffs worldwide: union

French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...

Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt

Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.

Renault to cut 14,600 jobs worldwide and lower capacity

Cost reductions aimed at outlasting the downturn that has rocked the auto industry

French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs

Top official admits that manufacturer had been spending way too much, plans 10% job cuts

14,600 job cuts announced by Renault around the world, plans to save 2 billion euros

Renault has also announced a suspension of planned capacity increase projects in Morocco and Romania as well as further optimize its operations in Russia.

Renault to restructure French factories in bid to slash costs

French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...

Renault seeks to restructure French factories to slash costs

PARIS: Renault said on Friday it was launching talks with unions to restructure several French car plants, potentially leading to closures, as it confirmed plans to cut around 15,000 jobs worldwide. Faced with a slump in demand exacerbated by the coronavirus crisis, Renault is aiming to find €2 billion ($2.22 billion) in savings over the next three years as it hones in on key

Renault to restructure French factories in high-stakes reboot plan

French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...

India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20

The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent

India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20

Output of eight infrastructure sectors contracted by 38.1% in April.

India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%

On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.

GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%

In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.

GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent

The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.

GDP growth in 2019-20 slows to 11-year low of 4.2%, Jan-Mar growth dips to 3.1%

In 2019-20, the Indian economy grew by 4.2% against 6.1% growth rate in 2018-19.

Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%

Agriculture, govt spending saviours; industrial, services growth shrink

India's GDP growth dips to 3.1% in January-March 2020; 11-year-low of 4.2% in 2019-20

India's economic growth slipped to 3.1 per cent in the January-March quarter of 2019-20 showing impact of COVID-19 pandemic. The gross domestic product (GDP) had expanded by 5.7 per cent in the

India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20

India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.

GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%

Data suggests that India's GDP growth in FY2019-20 slowed down to an 11-year-low of 4.2 per cent.

India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy

In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter

Covid-19 impact: India GDP growth slows to 3.1% in March quarter

Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter

Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20

Business Standard brings to you the top headlines of the day

Amid coronavirus outbreak India’s GDP growth slows to 3.1% in Jan-March quarter of FY20

India's GDP growth slows to 3.1% in January-March 2020: Govt data

India's GDP growth slowed to 3.1 pc in January-March 2020, Govt data showed on Friday. More details awaited

Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%

India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac

Q4 GDP growth 3.1%: Was a revival on?

Economy expanded at 4.2% in FY20, the lowest rate since FY09, dragged down by manufacturing, construction, investment.

India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points

RBI Governor Shaktikanta Das said the economic growth in 2020-21 is likely to be in the negative territory as the "macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated".

India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20

According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.

India GDP growth dips to 3.1 pc in Jan-Mar; 4.2 pc in 2019-20

The gross domestic product (GDP) had expanded by 5.7 per cent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.

GDP Growth Rate In FY20 Better Than Expected At 4.2 Per Cent; 4th Quarter Growth Rate Plummets To 3.1 Per Cent  

As per the data released by the government, India reported a better than expected growth of 4.2 per cent in FY20, reports India Today. Although the figure marks the lowest growth rate in 11 years, the performance is higher than what many experts had forecast.

GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision

Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.

Q4 GDP Highlights: Growth slows to 3.1%, hurt by lockdown, beats estimates; govt adds caveat

Q4 FY 2019-20 GDP growth estimates Highlights: India's economy grew at 3.1 per cent in Q4 of the last fiscal, beating street estimates.

Congress Slams Centre Over Low GDP Growth In Last Quarter Of 2019-20

The Congress on Friday said the low GDP growth in the last quarter of 2019-20 is the result of the BJP government's failures, misplaced priorities and a telling commentary on its economic management.

GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus

GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.

India Heads for Recession as GDP Growth Dips to Lowest since 2012

New Delhi (Sputnik): The Indian economy had been slowing down since 2018 due to the combined impact of the US-China trade war as well as instability in domestic...

Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown

The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.

Q4FY20 GDP estimates out today: What's in store for India's economy

Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.

Pilot breaches lockdown and flies to Anglesey RAF base 'to go to beach'

The RAF confirmed the civilian pilot landed at RAF Valley on a closed airfield without permission.

Pilot breaches lockdown and flies to Anglesey RAF base 'to go to beach'

The RAF confirmed the civilian pilot landed at RAF Valley on a closed airfield without permission.

Pilot flies to RAF base in Anglesey 'as he wanted to go to beach in lockdown'

He flew from Surrey to Wales and landed without permission.

Pilot Lands At Closed RAF Base 'To Go To The Beach'

North Wales Police said they are “considering” whether there were “potential breaches” of the COVID-19 legislation.

Pilot breaches lockdown rules by flying to closed RAF airbase ‘to go to beach’

The RAF confirmed the civilian pilot landed at RAF Valley on a closed airfield without permission.

Coronavirus: Pilot flew to Anglesey 'to go to the beach'

Airfield staff thought the pilot made an emergency landing but he came to enjoy the coast, a report says.

Civilian pilot lands on closed RAF airfield 'because he wanted to go to the beach'

The pilot landed on a runway at RAF Valley on the island of Anglesey, North Wales, without permission and is believed to have flown in from an airfield in Surrey

Covidiot businessman who ‘wanted to go to beach during lockdown’ flies his private jet from London and lands at RAF base

A COVIDIOT landed a plane at an RAF airbase – because he wanted to go to the beach during the coronavirus lockdown. The man flew 272 miles from Fairoaks Airport near Cobham in Surrey to RAF V…

RAF fire crews are scrambled as lockdown-flouting pilot makes bizarre 300-mile trip to Prince William's ex-Anglesey airbase when it was closed because he 'wanted a day at the beach'

EXCLUSIVE: His £4million aeroplane was surrounded by fire crews and military police as he touched down at RAF Valley in Anglesey on Bank Holiday Monday afternoon.

Man wanted to go to the beach during lockdown so flew his private jet 300 miles

The civilian pilot sparked an emergency response from the Ministry of Defence guards and fire crews at an RAF base in Anglesey

China plans to extend curbs on international flights until June 30 - U.S. embassy

BEIJING — Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights imposed to restrain the spread of the coronavirus, the U.

China plans to extend curbs on international flights until June 30: U.S. embassy

Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday. China has drastically cut such flights since March to allay concerns over infections brought

China plans to extend curbs on international flights until June 30: U.S. embassy

BEIJING (Reuters) - Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.

China plans to extend curbs on international flights until June 30: U.S. embassy

China has drastically cut such flights since March to allay concerns over infections brought by arriving passengers. A so-called "Five One" policy allows mainland carriers to fly just one flight a week on one route to any country and foreign airlines to operate just one flight a week to China.

China plans to extend curbs on international flights until June 30 – US embassy

Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.

China plans to extend curbs on international flights until June 30, says US embassy

BEIJING, May 29 — Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the US embassy in Beijing said in a travel advisory today. China has drastically cut such flights since March to allay concerns over...

China plans to extend curbs on international flights till June 30: US embassy

China has drastically cut such flights since March to allay concerns over infections brought by arriving passengers. A so-called “Five One” policy allows mainland carriers to fly just one flight a week on one route to any country and foreign airlines to operate just one flight a week to China.

Coronavirus: China mulls extending restrictions on international flights until June 30

The U.S. Transportation Department said in an order published on a U.S. government website that Delta Air Lines and United Airlines want to resume flights to China in June

Costa Rica to extend border closure until June 30

SAN JOSE (Reuters) - Costa Rica will extend the closure of its borders until June 30, Health Minister Daniel Salas said on Friday, prolonging one measure in its effort to contain the novel coronavirus.

Wipro appoints Thierry Delaporte as new CEO and MD

Wipro's 3-month old leader hunt comes to an end

Wipro appoints Thierry Delaporte as CEO and MD

Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi

Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD

India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,

Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

Thierry Delaporte appointed as CEO and Managing Director of WIPRO

Wipro appoints Thierry Delaporte as CEO & Managing Director

Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio

Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director

Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.

Indian IT firm Wipro names Thierry Delaporte as CEO

BENGALURU — India’s Wipro Ltd on Friday named Thierry Delaporte as chief executive officer and managing director of the company, effective July 6, 2020.

Wipro share price gains nearly 6% after Thierry Delaporte named new CEO and MD

Wipro share price climbed 5.6% to the day's high of Rs 210.5 on the BSE against the last closing value of Rs 199.30. Volume-wise, 18.8 lakh and 162 lakh shares were trading on BSE and NSE counters, both above the 5, 10 and 30-day average

Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company

Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020

India's Wipro names new CEO; Thierry Delaporte to take over July 6

Thierry Delaporte to join from Capgemini and will be based in Paris

Capgemini’s Delaporte to take over as Wipro CEO and MD

Frenchman had spent 25 years with the consulting firm

Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte

Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.

Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT

Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.

Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts

Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete

Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June

Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.

Wipro shares up by nearly 4%, after appointment announcement of Capgemini exec, Thierry Delaporte

After Infosys, now Wipro hires a Capgemini top executive as CEO & MD

Appoints French IT services firm's COO Thierry Delaporte for its top post

Uber launches hourly ride booking option in some US cities

Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential ...

Uber launches hourly ride booking option in some U.S. cities

(Reuters) - Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic.

Uber Launching Hourly Rate Ride Option in Some U.S. Cities

From next week users in some U.S. cities will be able to book Uber rides by the hour to help them make essential journeys more safely.

Uber introduces hourly ride booking option in the U.S.

Using the new feature, riders can select the amount of time that the trip should take, which would calculate a flat fare for the duration of the ride. The option will cost $50 per hour.

Uber rolls out ride-by-hour option in some US cities

Uber on Friday said it would offer rides by the hour in some US cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic. The option, which is already

Uber Debuts $50 Hourly Ride Option In Select US Cities

Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced.

Uber expands it ride options with the Hourly feature: Starts in US from June

Uber expands it ride options with the Hourly feature: Starts in US from June. Will grant flexibility to the custmers during the pandemic

Core sector output contracts 38% in April

Cement, steel production plummet

Core sector output contracts by record 38.1% in April

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus lockdown, according to the official data. The eight core sectors had expanded by

India’s Core Sector Output Contracts By Record 38.1% In April

India’s core sector output shrank by a record 38.1% in April due to the coronavirus-induced lockdown, according to official data. 

Core sector output contracts by record 38.1 per cent in April

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data.

Pandemic pain: Output of 8 core sectors contracts 38.1% in April

As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,

Lockdown impact: Eight core industries' output contracts by 38.1% in April

Output of eight infrastructure sectors saw 5.2% growth in year-ago period

Lockdown effect: Core sector output crashes record 38.1% in April

Infra segment hurt the most as cement and steel output tank by more than 80 per cent

Output of eight infrastructure sectors contracts by 38.1% in April

During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively

India's eight core infrastructure sectors contract 38.1% in April

Massive contraction recorded amid a nationwide lockdown to contain the spread of coronavirus

GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April

India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res

Covid takes toll on core sector, output slumps 38% in April

India Business News: Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d

Core sector output contracts 38% in April owing to stalled economic activity

In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.

Coronavirus impact: Output in eight core industries declines 38% in April

All eight core sectors reported massive decline in production during April, with coronavirus-mandated lockdowns in place. Cement and steel reported the biggest losses in output at 86 per cent and 83.9 per cent, respectively

India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy

India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.

Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund

Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.

Saudi Arabia moved US$40 billion in reserves to sovereign fund

The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.

Saudi Arabia says it provided $40 billion to PIF from foreign reserves

Saudi Arabia says it provided $40 billion to PIF from foreign reserves

Saudi Arabia transfers $40bn to back wealth fund’s spending spree

Finance minister confirms move as kingdom seeks to scoop up foreign assets at depressed prices

Al-Jadaan: $40bn transferred from SAMA's FX reserves to PIF 

Al-Jadaan: $40bn transferred from SAMA's FX reserves to PIF 

SoftBank leads $500 million fundraising for Didi's self-driving unit

BEIJING/SHANGHAI (Reuters) - China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2.

SoftBank leads US$500 million fundraising for Didi's self-driving unit

China's Didi Chuxing said on Friday it had completed a fundraising round of over US$500 million for its autonomous driving subsidiary that was led ...

SoftBank Leads $500 Million Funding for Didi Autonomous Unit

Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund, the first external investment in the Chinese ride-hailing giant’s fledgling self-driving subsidiary.

China's Didi Chuxing raises over $500 million for autonomous driving unit

The ridehailing giant said the round was led by SoftBank Vision Fund 2 and marks the first time Didi's autonomous driving business has brought in external funding since it was established.

China to ban pork imports from India to 'prevent swine fever': Report

According to the daily, India reported its first case of ASF in both domestic pigs and wild boars in Assam earlier this month

China says will ban pork imports from India to 'prevent swine fever': Report

China News: Citing concerns regarding African swine fever (ASF), China has announced that it will put a ban on imports of pigs, wild boar and related products fro

China To Ban Import Of Pigs From India Over African Swine Fever: Report

Citing concerns over African swine fever (ASF), China has announced that it will put a ban on imports of pigs, wild boar and related products from India.

China reports African swine fever outbreak in Gansu province

BEIJING, May 29 (Reuters) - China's Ministry of Agriculture and Rural Affairs said on Friday it had found a new outbreak of African swine fever near the city of Lanzhou in northwestern Gansu province.More than 90 pigs had already died on the farm of 9,900 pigs, it said.The ministry has recently stepped up efforts to track cases of the disease, which is deadly to pigs and for which there is no cure or vaccine. (Reporting by Dominique Patton; Editing by Hugh Lawson)© Copyright Thomson Reuters 2020. Click For Restrictions - http://about.reuters.com/fulllegal.asp

China reports African swine fever outbreak in Gansu province

BEIJING (Reuters) - China’s Ministry of Agriculture and Rural Affairs said on Friday it had found a new outbreak of African swine fever near the city of Lanzhou in northwestern Gansu province.

Morning Digest: India open to dialogue with Nepal; citing swine fever, China bans pork imports from India, and more

A select list of stories to read before you start your day

South Africa conducts tests to curb African swine fever outbreak

JOHANNESBURG (Reuters) - South Africa is conducting extensive testing and investigations to curb the spread of African Swine Fever (ASF) after it was detected in the country’s Eastern Cape province, the third known outbreak this year, government said on Friday.

Covid-19 could cause $8.5 trillion loss in global output: UN Secretary General

US News: UN chief Antonio Guterres has warned that the Covid-19 pandemic could cause unimaginable devastation, usher in hunger and famine of historic proportio

COVID-19 could cause $8.5 trillion loss in global output: UN Sec Gen

“Unless we act now, the COVID-19 pandemic will cause unimaginable devastation and suffering around the world. Hunger and famine of historic proportions. Sixty million more people pushed into extreme poverty. Up to half the global workforce – 1.6 billion people – without livelihoods,” Guterres said

COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres

“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.

Covid can cause $8.5 trillion loss in global output: UN chief Antonio Guterres

UN chief Antonio Guterres has warned that the Covid-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of $8.5 trillion in

COVID-19 could cause $8.5 trillion loss in global output, warns UN chief Antonio Guterres

He said the pandemic could usher in a loss of USD 8.5 trillion in global output  the sharpest contraction since the Great Depression of the 1930s.

Covid-19 could cause USD 8.5 Trillion Loss In Global Output: UN Sec Gen

UN chief Antonio Guterres has warned that the COVID-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of USD 8.5 trillion in global output

COVID-19 could cause USD 8.5 trillion loss in global output: UN Sec Gen

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

UN Secretary General warns of loss of $8.5 trillion in global output due to pandemic

Addressing a virtual press conference along with Prime Minister of Jamaica Andrew Holness and Prime Minister of Canada Justin Trudeau, Antonio Guterres said the world is afflicted by enormous fragilities: weak health systems; runaway climate change; unsustainable levels of inequality.

Coronavirus may lead to $8.5 trillion loss in global output, sharpest since Great Depression: UN

Globally, coronavirus has infected 5,813,997 people and killed 360,397, according to Johns Hopkins University

Covid-19 may cause hunger, famine, $8.5 trn loss in global output: UN chief

Guterres told the high-level meeting that the UN is asking for immediate, collective action in six critically important areas to deal with the crisis

Covid-19 could Lead to Loss of $ 8500 Billion in Global Output: Secretary General -

United Nations chief Antonio Guterres has warned that the Covid-19 pandemic may cause unimaginable catastrophe and may lead to severe

Coronavirus depresses U.S. consumer spending in April

U.S. consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression. The Commerce Department said on Friday consumer spending,

Coronavirus depresses U.S. consumer spending in April

WASHINGTON (Reuters) - U.S. consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression.

Coronavirus depresses US consumer spending in April

WASHINGTON, May 29 — US consumer spending suffered another month of record decline in April as the Covid-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression. The Commerce Department said today...

COVID-19 pandemic: US consumer spending tumble in April

The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.

Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses

Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.

Record drop in U.S. consumer spending as Americans stay home

With U.S. stores shuttered and many Americans stuck at home, U.S. consumer spending plunged by a record 13.6% in April. That's the biggest drop since the government began tracking that data in 1959, and that decline was even deeper than economists had forecast. Consumer spending accounts for more than two-thirds of U.S. economic activity, and that plunge supports expectations that the economy could shrink in the second quarter at its steepest pace since the Great Depression. Spending on healthcare dropped as dental offices closed and hospitals put off elective surgeries. Americans spent less less at restaurants and on hotels. The drop comes despite a surge in personal income. Stimulus checks that the government issued lifted incomes 10.5% last month, rebounding from a drop of over 2% in March when people began to stay at home. Federal Reserve Chair Jerome Powell is set to speak in a public webcast Friday, and Wall Street is watching closely to see if he have the Fed restart large-scale purchases of bonds to boost…

Travel disruptions, cost cutting key issues for U.S. business in China: report

Travel disruptions, cost cutting key issues for U.S. business in China: report

Travel disruptions, cost cutting key issues for U.S. business in China: report

BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.

Travel disruptions, cost-cutting key issues for US business in China: Report

Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...

Travel disruptions, cost cutting key issues for US business in China: report

Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...

Travel disruptions, cost cutting key issues for US business in China, says report

BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...

Travel disruptions, cost cutting key issues for U.S. business in China

Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.

Robodebt: government to refund 470,000 unlawful Centrelink debts worth $721m

Debts raised under the Coalition’s unlawful income-averaging scheme will start to be repaid in July

$721m to be refunded after robodebt backflip

The Morrison government will refund $721 million raised against 470,000 debts under its controversial robodebt scheme.

Govt to pay back $721m wrongly raised through robodebt

Finally bites the bullet.

Federal government to clear all Centrelink robo-debts, refund money

More than $720 million raised through the Morrison government's controversial Centrelink robo-debt program will be refunded.

Fiscal deficit widens to 4.6% of GDP in FY20

This was the highest level of deficit for the Centre since FY13.

Fiscal deficit widens to 4.6% of GDP in 2019-20

As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.

Fiscal deficit widens to 4.6% of GDP in 2019-20

The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal.

India's Fiscal Deficit Widens To 4.59% Of GDP

India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.

Fiscal deficit widens to 4.6% of GDP in 2019-20, higher than revised estimates of 3.8%

The country's fiscal deficit widened to 4.6 percent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data

Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation

The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal

FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%

This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore

GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20

Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.

India's FY20 fiscal deficit at 4.59% of GDP, suprasses budget target of 3.8%

The fiscal deficit is 122 per cent of Rs 7.67 lakh crore budget aim of the government for fiscal 2019-20

Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%

Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%

Spending kept at 99.5% of RE to support falling economy.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros ($2.22 billion) in savings over the next three years. "We thought too big in terms of sales," said interim Chief Exe

‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot

Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS, May 29 — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has...

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.

Madras high court issues notices to Franklin Templeton MF, Sebi: Investors Group

India Business News: Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors gro

Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group

It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.

Madras High Court issues notices to Franklin Templeton MF, Sebi

Last month, Franklin Templeton had closed six debt funds.

Madras High Court slaps notices to Franklin Templeton MF, Sebi, says Investors Group

Madras High Court Issues Notices To Franklin Templeton, SEBI: Investors Group

Chennai Financial Markets and Accountability group is also launching an online petition to bring together all affected investors.

Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group

Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement

Madras High Court notice to Franklin Templeton, SEBI

PIL filed against closure of 6 schemes

Sebi seeks time to file counter in High Court on PIL against Franklin MF

The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already

India’s economy seen slowing rapidly in March quarter, with worse to come

Economists expect worst financial contraction in four decades

Indian economy slows in March quarter, with worst to come

India's economy grew at 3.

Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.

India's economy may have grown at slowest in 2 years during March quarter

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago

Indian economy grew at just 3.1% in January-March quarter, the slowest in 11 years

Output of eight core industries, meanwhile, declined by a whopping 38.1% in April, as against 9% in March.

Canada’s economy saw record decline in March, with worse numbers forecast for April

Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold

GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years

Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.

VW spending $2.2B to expand in China’s electric car market

Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.

VW spending $2.2B to expand in China's electric car market

BEIJING — Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic.

VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...

VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

Volkswagen spending $2.2 billion to expand in China’s electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

VW increases bet on China’s slowing electric vehicle market

German group will invest €2bn into growing presence in country despite hit from Covid-19

French mortality rate in May below previous years despite epidemic

PARIS (Reuters) - Fewer people died in France in early May than in the same period in the two previous years following high excess death rates during the peak of the coronavirus epidemic in March-April, statistics agency INSEE said on Friday.

French mortality rate in May below previous years despite epidemic

French mortality rates between May 1 and 18 were six percent lower than for the same period last year and one percent below the rate seen over ...

French mortality rate for first-half of May lower than in 2019 despite Covid-19

French mortality rates between May 1 and 18 were six percent lower than for the same period last year and one percent below the rate seen over that period in 2018, despite the coronavirus epidemic, s…

COVID-19: Irish mortality rate 'in the lower range' when compared with others

The COVID-19 mortality rate in Ireland has been in the lower range overall when compared with oth...

GST Council to meet next month; Finance Ministry not in favour of raising rates on non-essential items

The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to

GST Council to meet next month; FinMin not for raising rates on non-essential items

The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 days in the first leg in a bid to contain the spread of novel coronavirus.

GST Council to meet next month; FinMin not for raising rates on non-essential items

Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources.

GST Council to meet next month; FinMin not for raising rates on non-essential items

If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.

Finance ministry not in favour of raising GST rates on non-essential items

Although government has eased restrictions in the ongoing lockdown and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity.

Finance ministry not in favour of  raising GST rates on non essentials

Under the GST (Compensation to States) Act, 2017, protected revenues of the state governments is calculated on the basis of a 14% annual growth rate with FY16 as the base year

Govt unlikely to press for hike in GST rates for non-essentials next month

However it will have to find ways in which essential and non-essential items can be segregated

GST hike in non-essential items ruled out

Govt says ‘no’ for printing notes to bridge deficit

GST hike on non-essential items unlikely despite falling revenues

Sources indicated that as of now there is no proposal to reduce GST rate on essential items, even as it is ultimately GST Council which will take any decision on changing the tax rates and not just the central government.

Hike in GST rates unlikely

If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.

ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena

It said the value of the properties attached is $50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued

ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena

It said the value of the properties attached is USD 50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued.

VVIP choppers case: ED attaches Rs 385 crore asset of middleman Rajiv Saxena

The ED had contended before the HC that Saxena withheld information very strategically and has not disclosed full and true facts which were within his knowledge, relating to the commission of the offence. The matter is expected to be heard next on June 3.

ED attaches `385-cr assets of Agusta middleman Rajiv Saxena

PTI New Delhi The Enforcement Directorate (ED) on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv S

ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena

The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money

AgustaWestland case: ED attaches assets worth ₹385 cr of middleman Rajiv Saxena

An ED official said the attached assets includes villa in Palm Jumeirah, Dubai worth 20 million AED and balances in five Swiss bank accounts amounting to $45.55 million of Saxena

ED attaches assets of accused-turned-approver Rajiv Saxena in VVIP chopper scandal

The ED on Friday said that assets belonging to Saxena have been attached under Prevention of Money Laundering Act, 2002 (PMLA) in Agusta Westland Chopper scandal and Moser Baer Bank Fraud case allegedly involving Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath.

RBI imposes Rs 4 crore penalty on Citibank

In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions.

RBI imposes Rs 4 crore penalty on Citibank

India Business News: MUMBAI: The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the centra.

RBI imposes Rs 4 crore penalty on Citibank; here’s why

The RBI has also imposed penalty on three co-operative banks for non-compliance with various directions issued by it.

RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations

The action will not affect the bank's customers, RBI clarified

RBI slaps ₹4 crore fine on Citibank

The Reserve Bank of India (RBI) has slapped ₹4 crore penalty on Citibank for violating several norms.The banking regulator said the penalty was due to contravention of the Banking Regulation Act, 1949

RBI imposes monetary penalty on 4 banks

The Reserve Bank of India (RBI), on Friday, said it has imposed a monetary penalty on Citibank (₹4 crore), Bharat Co-operative Bank (₹60 lakh), TJSB Sahakari Bank (₹45 lakh), and Nagar Urban Co-operat

Pakistan resumes international flight operations closed due to coronavirus

The flight operation will resume from midnight tonight

Pakistan to resume international flight operations: Civil Aviation Authority

Pakistan has largely rolled back its lockdown measures and resumed domestic flights this month despite a rise in the rate of coronavirus infections.

Pakistan to resume outbound international flights as COVID-19 spreads

ISLAMABAD (Reuters) - Pakistan will allow outbound international flights to resume from Saturday, an aviation official said, after largely closing its airspace to commercial flights to curb the spread of the coronavirus pandemic.

DGCA says locust swarms pose threat to aircraft during landing and takeoff phase, issues guidelines

India is battling the worst desert locust invasion in more than 21 years. The crop-destroying swarms first attacked Rajasthan and have now spread to Punjab, Gujarat, Maharashtra and Madhya Pradesh.

DGCA says locust swarms pose threat to aircraft during landing and takeoff phase, issues guidelines

"Though an individual locust is small in size, impact of large numbers on the windshield is known to have impacted the pilot forward vision. This is a grave concern during the landing, taxi and takeoff phase," the DGCA circular said.

Locust swarms pose threat to aircraft during landing and takeoff phase: DGCA issues guidelines

The Directorate General of Civil Aviation said that pitot and static sources can also get partially or fully blocked while flying through locust swarms.

Locust swarms pose threat to aircraft during landing and takeoff, says DGCA, issues guidelines

Locusts are found at lower levels and therefore pose a threat to aircraft in the critical landing and takeoff phase of the flight.Almost all air intake ports of the aircraft will be prone to ingestion in large numbers, if the aircraft flies through a swarm, DGCA said

DGCA says locust swarms pose threat to aircraft during landing and takeoff phase

Aviation regulator DGCA on Friday issued guidelines for stakeholders like pilots and engineers on how to deal with locust swarms, saying they pose a threat to aircraft in the critical landing and takeoff phase of a flight.

DGCA says locust swarms pose threat to aircraft, issues guidelines

Generally, locusts are found at lower levels and therefore pose a threat to aircraft in the critical landing and take-off phase of the flight, said DGCA in its circular

DGCA warns pilots of locust risks

It says there is a need to avoid flying through a swarm

Locust danger for flights! DGCA issues guidelines for pilots and airlines; Check details

Terming this year's incident of locust attacks "highly unusual" which was last seen 20 years back, the aviation regulator has advised the pilots to be mindful of locust attacks during the landing and take-off of the aircraft as they fly close to the ground.

Be Aware of Locust Swarm as Air Intake Ports Can be Blocked: DGCA Issues Notice to Pilots

As locusts are found at lower levels, pilots have been asked to be alert during landing and take off. If locusts block air intake ports, there can be erroneous indications.

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".

Volkswagen invests €2b in Chinese electric vehicle sector

BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...

Volkswagen invests €2bn in Chinese electric vehicle sector

BEIJING: Volkswagen will invest around €2 billion ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it “the world’s biggest market.” The German car giant said it will take a 50 percent stake in JAG — the parent company of state-owned JAC Motors — and increase its holding in the JAC Volkswagen joint venture from 50 percent to 75 percent for around

Volkswagen invests US$2.2b in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...

Volkswagen to invest 2 billion euros in Chinese EV deal, buys stakes in two firms

In a separate transaction, VW said it will pay 1.1 billion euros to acquire 26.5% of Guoxuan High-tech Co Ltd, a maker of electric vehicle batteries, becoming its biggest shareholder

Volkswagen AG pumps 2 billion euros into China electric vehicle bet, buys stakes in 2 firms

VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%.

Volkswagen invests two billion euros in China – new acquisitions are part of its electrification strategy

Volkswagen has announced some big moves in China as part of its electrification strategy in the world's largest auto market. The German giant plans to

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed ...

Volkswagen says it will have full control of JAC-VW Chinese venture

BEIJING/SHANGHAI (Reuters) - German automaker Volkswagen (VOWG_p.DE) will have full management control of its JAC-VW joint venture, the company’s China CEO said on Friday.

Volkswagen says it will have full control of JAC-VW Chinese venture

German automaker Volkswagen will have full management control of its JAC-VW joint venture, the company's China CEO said on Friday.

Volkswagen looking to buy 50% of JAC's parent company

The deal between Volkswagen and Anhui Jianghuai Automobile Group will result in a 50% ownership for each company

Rand falls, focus on Trump's Hong Kong response

Locally, market participants awaited April trade balance figures as well as monthly budget balance numbers due later in the day.

Rand falls, focus on Trump’s Hong Kong response

In fixed income, the yield on the 10-year government bond was up 2.5 basis points at 8.96%.

Rand, stocks drop with focus on US response to China over Hong Kong

The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.

Stocks rebound on relief at Trump's response to China over Hong Kong

NEW YORK (Reuters) - A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.

11 Hacks To Make Store-Bought Pasta Sauce Taste Better

Whether you're burnt out in the kitchen or just need a few quick and easy meal ideas, there is no shame in finding ways to incorporate store-bought ingredients into your dishes. Pasta is a prime example. With a few store-bought pasta sauce hacks,…

'It makes everything taste better': how to buy and cook with fish sauce

Ask anyone who grew up with fish sauce and they’ll tell you anything from ragu to beans on toast can benefit from a splash or two

Britain’s biggest solar farm – the size of almost 1,000 football pitches – gets green light in Kent countryside despite fears it will harm the local area

The £450million project Cleve Hill solar park will be capable of generating enough electricity to power more than 91,000 homes through producing 350 megawatts.

Britain's biggest solar farm will be size of 600 football pitches

Nearly one million solar panels will be installed on farm land on the north Kent coast.

UK’s largest solar farm to be built in Kent despite countryside concerns

Construction work on Cleve Hill solar park is due to begin in 2021, with the site operational by April 2022.

Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound

U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the reopening of the economy revives demand and diminishes the need for money that comes with government strings attached.

Covid-19: US airlines leave $29 billion aid fund untapped in bet on rebound

Although the four largest US passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds.

Google could pick up stake in Vodafone Idea

A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.

Google may pick 5% stake in Vodafone Idea

Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook in investing in the world’s fastest-growing mobile arena. Google may take a stake of about 5% in Vodafone Idea, though the deliberations are at a very early stage, the FT cited people familiar with the matter as saying.

Google considering taking stake in Vodafone Idea: Report

A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.

Vodafone Idea issues clarification on reports of Google picking stake in company

Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before

Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities

The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.

No proposal before board now, says Voda Idea on Google picking stake in co

The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.

Daily briefing: Satellite picks up Chinese artillery near LAC; Google mulls taking stake in Vodafone Idea

After Facebook bought a stake in Jio, now Google is looking to invest in Indian telecom. The Financial Times reported that it is eyeing the debt-laden Vodafone Idea.

Magic Leap CEO Rony Abovitz to step down

Magic Leap is not yet naming a replacement.

Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver

Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.

Magic Leap CEO to step down

Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...

Translation From VC-Backed PR Jargon To English of Magic Leap CEO Rony Abovitz's Statement That He's 'Stepping Down'

From a company-wide memo sent by Rony Abovitz, the founder of Magic Leap, which has raised nearly $3 billion from high-profile investors including Andreessen Horowitz, Google, AT&T, NTT DoCoMo, Public Investment Fund of Saudi Arabia, JP Morgan, Kleiner Perkins Caufield & Byers: As we've sha...

Tencent in talks to buy Warner Music stake: WSJ

(Reuters) - Chinese internet giant Tencent Holdings Ltd (0700.HK) is in talks to invest $200 million in Warner Music Group, ahead of the record company's slated initial public offering next week, the Wall Street Journal reported here on Friday.

Tencent in talks to buy Warner Music stake: report

The listing by the world’s third-largest recording label could potentially be the largest New York IPO so far in 2020.

OPEC delivers three quarters of record oil cut in May: survey

LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.

OPEC delivers three quarters of record oil cut in May: survey

OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...

OPEC delivers three quarters of record oil cut in May: Survey

OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...

China to restrict expansion of solar equipment producers

BEIJING (Reuters) - China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed on Friday.

China to restrict expansion of solar equipment producers

China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling ...

Trump administration to study ways to protect for U.S. investors from Chinese firms

WASHINGTON — The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.

Trump administration to study ways to protect for U.S. investors from Chinese firms

WASHINGTON (Reuters) - The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.

United Airlines cutting 13 top jobs, adding int'l flights in July

United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.

United Airlines cutting 13 top jobs, adding international flights in July

(Reuters) - United Airlines Holdings Inc (UAL.O) said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.

India registers biggest single-day spike of 7,466 COVID-19 cases 

The death toll due to COVID-19 rose to 4,706 in the country, while the number of cases climbed to 1,65,799, registering an increase

India registers biggest single-day spike of 7,466 Covid-19 cases

India News: The death toll due to Covid-19 rose to 4,706 in the country, while the number of cases climbed to 1,65,799, registering an increase of 175 deaths and

India Registers Biggest Single-Day Spike of 7,466 Covid-19 Cases

The death toll due to COVID-19 rose to 4,706 in the country, while the number of cases climbed to 1,65,799, registering an increase of 175 deaths and a record jump of 7,466 cases since Thursday

India records highest spike of 7,466 COVID-19 cases

India records highest spike of 7,466 COVID-19 cases. Maharashtra is the worst affected state with 59,546 cases.

With highest spike of 7,466 cases, India's COVID-19 tally reaches 1,65,799

Maharashtra is the worst affected state with 59,546 cases.

With highest spike of 7,466 cases, India's COVID-19 tally reaches 1,65,799

New Delhi: With the highest spike of 7,466 more COVID-19 cases and 175 deaths reported in the past 24 hours, India's COVID-19 tally reached 1,65,799 on Friday, according to the Union Ministry of...

Covid-19 cases in Asia-Pacific continue to rise as India reports biggest daily jump of 7,466 new cases

India's federa­l health minist­ry report­ed 175 more deaths and 7,466 new positi­ve cases due to the Covid-19 pandem­ic

Vodafone Idea share price zooms 35% on report Google eyeing stake in telco

Share price of Vodafone Idea gained 35% to Rs 7.85 compared to the previous close of Rs 5.82 on BSE

Vodafone Idea shares zoom on Google stake buy reports

Telecom giant denies any such plans

Voda Idea jumps 35% on reports Google eyeing 5% stake in telco

For a 5 per cent stake, Google will have to shell out $110 million.

Vodafone Idea surges 35% on report Google eyeing 5% stake, trims gain later

The stock has been more-than-doubled from Rs 3.04 on April 1, as compared to a 13.4 per cent rise in the S&P BSE Sensex during the same period.

Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco

Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.

European, South Korean authorities vie for COVID-19 antiviral remdesivir

(Reuters) - European and South Korean authorities are vying for Gilead Sciences’ (GILD.O) potential COVID-19 treatment, remdesivir, even though the drugmaker has yet to gain regulatory approval in either market and is still ramping up production of the anti-viral drug.

European, South Korean authorities vie for COVID-19 antiviral remdesivir

By Carl O'Donnell and Pushkala Aripaka European and South Korean authorities are vying for Gilead Sciences' potential COVID-19 treatment, remdesivir, even though the drugmaker has yet to gain regulatory approval in either market and is still ramping up production of the anti-viral drug.

China's Kunlun says U.S approves sale of Grindr to investor group

(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.

China's Kunlun says U.S approves sale of Grindr to investor group

By Echo Wang (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC. The panel, the Committee on Foreign Investment in the United States (CFIUS), ordered Kunlun last year to divest Grindr amid concerns regarding the safety of the personal data it handles, such as users' private messages and HIV status

Coronavirus-induced border bottlenecks slow food deliveries in East Africa

Uganda requires truck drivers from Kenya and Tanzania to take coronavirus tests before they are allowed to enter.

Coronavirus-induced border bottlenecks slow food deliveries in East Africa

KAMPALA/NAIROBI (Reuters) - Bottlenecks at borders as government screen lorry drivers to contain the new coronavirus are putting the delivery of vital food supplies in East Africa at risk, the U.N.’s World Food Programme (WFP) warned on Friday.

Some sectors of Australian economy will need additional support - PM Morrison

Some sectors of Australian economy will need additional support - PM Morrison

Some sectors of Australian economy will need additional support - PM Morrison

SYDNEY (Reuters) - Some sectors of Australia’s economy will require additional stimulus, Prime Minister Scott Morrison said on Friday.

Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak

Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak

Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak

SEOUL (Reuters) - Deluged with online orders as the coronavirus epidemic swept South Korea, e-commerce giant Coupang opened a new groceries warehouse and logistics centre near Seoul in March, providing food and other essentials to shoppers sheltering at home.

China excludes clean coal from list of projects eligible for green bonds

China excludes clean coal from list of projects eligible for green bonds

China excludes clean coal projects from list eligible for green bonds

SHANGHAI (Reuters) - China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday.

Stocks slip as markets await Trump’s HK response

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.

Global stocks slip as markets await Trump's HK response

SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...

Stocks slip as markets await Trump’s Hong Kong response

Sino-US tensions outweigh optimism over re-opening.

Stocks slip as investors await Trump's Hong Kong response

LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.

Gold prices up as markets cautiously await Trump's response on HK

US gold futures rose 0.7 per cent to $1,739.60.

TikTok owner ByteDance moves to shift power out of China - sources

BEIJING/NEW YORK/WASHINGTON — TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its center of power away from China at a time of rising global tensions, several people familiar with the plans said.

TikTok owner ByteDance moves to shift power out of China: Sources

TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.

TikTok owner ByteDance moves to shift power out of China: Report

ByteDance has quietly made a series of moves in recent months to transfer global decision-making and research capabilities out of its home country. The changes come at a time of heightened tension between the United States and China over trade, technology and the COVID-19 pandemic.

TikTok maker ByteDance looks to shift power out of China amid rising global tensions

TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.

ByteDance plans to shift its power center from China - Gizchina.com

ByteDance plans to shift its power center from China. The company is actively recruiting top executive and engineers outside China

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

'We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. It is a telling commentary on the economic management of the BJP government,' he tweeted.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: P Chidambaram

"Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied to only 7 days," the former finance minister said.

GDP numbers a telling commentary of BJP’s economic management, says Congress

Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode.

Wall Street retreats ahead of Trump's response on Hong Kong

President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.

Wall Street retreats ahead of Trump's response on Hong Kong

Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...

Dow Jones retreats ahead of Trump's response on Hong Kong

The Dow Jones Industrial Average was down 269.88 points, or 1.06 per cent, at 25,130.76.

Gold price flat ahead of Trump’s Hong Kong response

Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.

India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy

According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19

India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

Is It Safe to Keep Employing a Cleaner? Wrong Question, Lady

Introducing your new Work Friend: Roxane Gay.

We Work in an Amazon Warehouse. We Didn’t Sign Up to Be Heroes.

Thanks for the flattering commercials, but we’re about to lose our hazard pay.

Fund for Jeffrey Epstein’s Accusers Gets Attorney General’s Approval

The Virgin Islands attorney general said Mr. Epstein’s estate had agreed to what she considered sufficient protections for victims’ rights.

Existing mechanisms with China being used to resolve Ladakh standoff: India to US

India News: Defence minister Rajnath Singh conveyed India's position to US defence secretary Mark T Esper on Friday sending a clear message to Washington for the

Existing Mechanisms Being Used To Resolve Ladakh Standoff: India To US

India on Friday conveyed to the US that it was eyeing to resolve the military standoff with China in eastern Ladakh through existing bilateral mechanisms, sending a clear message to Washington for the second consecutive day that President Donald Trump's offer to mediate on the border row was not acceptable to it.

We'll deal Ladakh standoff with China: India to US

India on Friday conveyed to the US that it was eyeing to resolve the military standoff with China in eastern Ladakh through existing bilateral mechanisms, sending a clear message to Washington for the...

No end to tense Ladakh standoff in sight as India, China hold ground

NEW DELHI, May 28 (Agencies): There has been no change in the ground situation or lowering of guard by either sides at the four standoff points between Indian and Chinese troops in Ladakh sector’s Galwan valley and Pangong Tso areas.Both sides are holding firm and it is not possible to indicate at this time when the status quo ante will be restored, people familiar with the development told on Thursday.Yesterday, the Chinese foreign ministry had played down the tense standoff along the Line of Actual Control, insisting that the situation was stable and controllable and the two sides were in touch with each other at different levels.The seemingly conciliatory approach articulated by the Chinese side has not reflected in the ground situation.Three of the standoff points are located around Galwan valley and the fourth, near Pangong lake. The Chinese People’s Liberation Army had moved soldiers to close to these four standoff points that are seen to be an effort to stop India from upgrading its border infrastructure…

Nearly 1.5m payment holidays handed out by banks and lenders

UK Finance, the banking trade body, said it has now helped 30 million customer accounts during the coronavirus crisis.

UK lenders approve almost 1.5m holidays for card and loan payments

Requests to freeze accounts among distressed borrowers continues to grow

UP signs MoUs with industry bodies to create 1.1 million jobs for migrants

The migrant workers will lay the foundation of New UP, says CM Adityanath

Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workers

The Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs each, while NARDECO and Laghu Udyog Bharati accounted for 2.5 lakh jobs each, UP MSME minister Sidharth Nath Singh said.

Yogi Adityanath announces jobs for 11 lakh migrant workers, labourers; UP govt inks pact with industry

Yogi Adityanath said that he has received a list of 11 lakh migrant workers and labourers from bodies such as India Industries Association and FICCI and they have assured to absorb a huge labour force into the industry.

Naredco-UP signs MoU with UP government to provide jobs to 2.5 lakh labourers

Around 1.25 lakh workers will be absorbed at project sites spread across Ghaziabad, Noida and Greater Noida in Delhi-NCR

Vodafone Idea dismisses report of Google buying stake

"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said

Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google

On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.

Vodafone Idea stock jumps 35% on report of possible stake sale to Google

Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt

Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%

Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.

Vodafone Idea shares up by 30% amid reports of Google investment

Peet’s Coffee IPO Raises $2.5 Billion 

Peet’s Coffee IPO Raises $2.5 Billion 

As Peet’s Coffee Parent Shares Surge Post IPO, Expect It To Be A Bigger Contender Against Starbucks

The coronavirus pandemic may have shut restaurants and cafes, but it’s not quenched the thirst for coffee: shares of Peet’s Coffee parent JDE Peet's surged 14% on Friday after an initial public offering, likely paving the way for Peet’s to be a bigger challenger against coffee house giant Starbucks.

Italy Gives Green Light To Resume Coppa Italia & Serie A Fixtures

A fall in cases of COVID-19 in Italy has seen the government give the go-ahead that will allow Serie A clubs to resume action from June 13.

Coronavirus: Serie A to resume with games in hand, Coppa Italia final on June 17

The leftover games from matchday 25 will get Serie A back underway, while June 17 has been chosen as the date of the Coppa Italia final.

British Airways may outsource work of 450 redundant employees

Exclusive: airline’s proposals also include closing operation at Heathrow Terminal 3

The Guardian view on wage subsidies: unemployment costs too

Editorial: Almost a third of the UK workforce are now reliant on government support for their income. If it is withdrawn while the economy is hibernating then joblessness will rise

The coming recession is the best reason to step up the pace of renewables investment

It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now

Crude has best month on record in May as prices surge 88 per cent

Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.

Crude has best month on record in May as prices surge 88 per cent

TORONTO — Canada's main stock index ended a strong May a little weaker while crude oil prices enjoyed their best ever month, surging 88 per cent. The S&P/TSX composite index closed down 69.90 points at 15,192.83.

Oil surges 88% in May, posting its best month on record

WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...

The close: TSX ends lower, crude has best month on record

U.S. stocks finish mostly higher as investors take in latest Trump news

Lupin Q4 results: Net profit rises 35% to Rs 390 crore

Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.

Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses

In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees

Lupin Q4 results: Consolidated net profit rises 35% to Rs 390 cr; income from operations marginally down

Drug firm Lupin has reported a 34.55 percent rise in its consolidated net profit to Rs 389.63 crore for the quarter ended March 2020 mainly on account of robust sales in the domestic market and lower tax expenses

Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales

On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.

Andhra Paper Q4 net profit up 55% to Rs 93 crore

Andhra Paper's total expenses stood at Rs 234.42 crore as against Rs 285.45 crore, down 17.87 per cent.

Forex reserves soar to record high of $490.04 billion

The country's foreign exchange reserves swelled by USD 3.005 billion to a lifetime high of USD 490.044 billion in the week to May 22, mainly on account of a rise in foreign currency assets, RBI data

India's forex reserves soar to record high of $490.04 billion

Foreign currency assets (FCA), a major component of the overall reserves, increased by $3.035 billion to $451.706 billion in the reporting week, Reserve Bank of India (RBI) data showed.

Foreign Exchange Reserves Soar To Record High Of $490.04 Billion

The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.

Forex reserves soar to lifetime high of $490 billion, shows RBI data

In the previous week, the reserves had increased by $1.726 billion to $487.04 billion.

Pier 1 Imports gets approval from a judge to liquidate its remaining stores

"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.

Pier 1 Imports gets approval from a judge to liquidate its remaining stores

"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.

Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus

The payroll-tax cut has gained support from Trump and several other GOP lawmakers and conservative economists eager to jumpstart growth.

Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus

The move would not provide the economy with the adrenaline shot it needs to tide over people already out of work and struggling businesses.

NCS ties up with TCS iON for providing free online skill training to registered job seekers

This course on soft skills assists the learners in enhancing personality development with modules on corporate etiquette, improving interpersonal skills, making impactful presentations, including other necessary soft skills demanded by the industry.

Labour ministry to provide free skills training to job seekers registered on National Career Service portal

The training will encompass modules on corporate etiquette, improving inter personal skills, making impactful presentation including other necessary soft skills needed by the industry. The training module is available in two languages, Hindi and English, on the NCS portal.

As job loss mounts, labour ministry ties up with TCS iON for career counseling

The career counseling service will be offered on the national career service (NCS) platform for free in Hindi and English languages, and try to cover the soft skills and basic job skills that industries demand

Czech Billionaire Bets Big on Industries Other Investors Avoid

Daniel Kretinsky's latest contrarian move: U.S. retailers.

Battle for Hong Kong Is Shifting to City’s Financial Markets

The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.

F-35 Costs Drop for Building Jets But Rise for Operating Them

The Pentagon’s costliest program, Lockheed Martin Corp.’s F-35, is starting to look a little less expensive, with the latest estimate for development and procurement down 7.1% to $397.8 billion.

In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality

Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.

Goldman’s Eccentric Couch-Surfing Trader Plans a Credit Fund

Not many Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.

Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos

Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.

24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open

Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.

Surge in U.S. Incomes Masks Fragile Situation for Many Americans

April’s record plunge in U.S. consumer spending came with an unexpected twist: a record surge in Americans’ incomes, which had been forecast to decline amid massive job losses.

Beyond Meat Announces New Deals With KFC and Pizza Hut in China

Plant-based burger and sausage maker Beyond Meat Inc. announced that it will soon launch partnerships in China with major fast food chains, KFC and Pizza Hut, both owned by YUM China Holdings Inc.

Airline Chiefs Talk Travel Rebound, Cut Jobs Anyway

People are starting to fly again and that's encouraging. But companies are sticking with sweeping layoffs, suggesting a tepid recovery at best.

Are Stocks Out of Control? What We Learned in May

A round-up of market analysis by Bloomberg Opinion.

Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout

The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.

Zoom Video Jumps to Record With Market Cap Now Above $50 Billion

Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.

Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May

David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.

Tokyo stocks open lower on US-China tension

TOKYO, May 29 ― Tokyo stocks opened lower today, tracking falls on Wall Street on rising tensions between the US and China. The benchmark Nikkei 225 index was down 0.56 per cent or 123.03 points at 21,793.28 in early trade, while the broader Topix index slipped 0.65 per cent or 10.20 points to...

Tokyo stocks open lower on US-China tension

Tokyo stocks opened lower on Friday, tracking falls on Wall Street on rising tensions between the US and China.

Tokyo stocks close lower on US-China tension

TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...

European stocks fall on rising U.S.-China tensions

European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...

Oil falls but remains set for biggest monthly gain in years

LONDON: Oil prices were dragged sharply lower on Friday by weak US fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in US-China relations, but were still on track for a hefty monthly gain. July Brent crude fell 72 cents, or 2 percent, to $34.57 a barrel by midday in London. US West Texas Intermediate (WTI) crude was down 83 cents, or 2.5

Crude oil prices fall but remains set for biggest monthly gain in years

US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.

Oil falls but set to post biggest monthly rise in years on output cuts

Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.

Tyson Foods will shut U.S. pork plant as more workers catch COVID-19

CHICAGO (Reuters) - Tyson Foods Inc (TSN.N) said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply.

Australia's greenhouse gas emissions fall slightly in 2019

MELBOURNE (Reuters) - Australia’s greenhouse gas emissions fell just 0.9% in 2019 as increasing emissions from liquefied natural gas (LNG) export plants largely offset declines in the power and farm sectors, government data showed on Friday.

Stick or twist? Investors face coronavirus-induced property dilemma

LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.

China says Canada is an accomplice of U.S. in Huawei case

BEIJING (Reuters) - China’s foreign ministry said on Friday that Canada is an accomplice to the U.S. government’s efforts to bring down Chinese tech giant Huawei and said Canada should immediate release Huawei executive Meng Wanzhou.

Canada's Huawei extradition ruling could unleash more Chinese backlash

OTTAWA (Reuters) - A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd [HWT.UL] executive to the United States leaves Canada vulnerable to further retaliation from Beijing, analysts said.

Crashed Pakistan A320 jet insured for $19.7 million: airline document

SYDNEY/LONDON (Reuters) - The Pakistan International Airlines (PIA) Airbus SE A320 jet that crashed into a crowded residential district of Karachi last week killing 97 people on board was insured for $19.7 million, an airline document showed.

Norway plans $369 million green industry investments

OSLO (Reuters) - The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.

Germans cook more in coronavirus crisis, turn away from junk food

HAMBURG (Reuters) - Many Germans cooked more meals themselves during the coronavirus crisis and also used more fresh ingredients rather than processed foods, the food and agriculture ministry said on Friday.

Pakistan drug firm to import potential COVID-19 treatment from Bangladesh

KARACHI, Pakistan (Reuters) - A pharmaceutical company in Pakistan plans to import the antiviral drug remdesivir, which has shown promise in treating coronavirus patients, from neighbouring Bangladesh, it said in a stock exchange filing on Friday.

Singapore says Malaysia wants further deferral of joint rail project

SINGAPORE (Reuters) - Singapore said on Friday it was reviewing a request by neighbouring Malaysia to further suspend a high speed rail project set to link the city-state to Malaysia’s capital Kuala Lumpur.

Total shareholders reject motion to boost climate credentials

PARIS (Reuters) - A majority of French oil major Total’s shareholders have rejected a resolution by a group of investors aimed at changing the company’s statutes to do more to meet its obligations under the 2015 Paris climate accord.

China may buy less American farm products if U.S. issues severe HK response: sources

BEIJING/SINGAPORE (Reuters) - China may reduce its imports of agricultural products from the United States if Washington issues a severe response to Beijing’s push to impose national security laws on Hong Kong, three sources said.

Volkswagen pumps 2 billion euros into China electric vehicle bet

BEIJING/HONG KONG (Reuters) - Volkswagen AG (VOWG_p.DE) plans to boost its electric push in China, the world’s biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players.

Investors, scientists urge IEA head to take bolder climate stance

LONDON (Reuters) - Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation’s reports enable damaging levels of investment in fossil fuels.

Drought adds to Belgian farmers' coronavirus misery

BRUSSELS (Reuters) - As coronavirus lockdowns disrupt food supply chains and shuttered restaurants curb demand for some of their produce, Belgium’s farmers are grappling with another crisis - drought.

German regulator examines stock trades by Wirecard CEO

FRANKFURT (Reuters) - Germany’s market regulator said on Friday it was investigating whether Markus Braun, the CEO of payments firm Wirecard, had violated insider-trading rules by buying stock during the quiet period before publication of its annual report.

Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO

AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.

On debt-stricken Lebanon, investors see little room for optimism

LONDON (Reuters) - Emerging market investors are no strangers to sovereign debt crises, but few have been as perilous as the one facing Lebanon given a toxic combination of financial and political weaknesses and no obvious economic platform on which to build a recovery.

Coal mine in Serbia gives up new Roman treasure

BELGRADE (Reuters) - As the sun sank over a vast opencast coal mine in eastern Serbia earlier this month, a small crane eased the front half of a Roman ship from the steep sides of the pit.

Crisis-hit Wall Street checks in to Zandi's 'impairment studio'

NEW YORK (Reuters) - When Wall Street doesn’t know where the world economy is heading, it books a session at Mark Zandi’s “impairment studio”.

Singapore-China to open essential travel corridor in early June

SINGAPORE (Reuters) - Singapore and China plan to reopen essential travel for business and official purposes between the two countries early next month, they said in a joint statement on Friday.

UK science advisory board publishes minutes of meetings in push for transparency over virus

LONDON (Reuters) - Britain’s Scientific Advisory Group for Emergencies (SAGE) published minutes from its first meetings on Friday as part of a pledge for transparency around discussions over the government’s guidance on dealing with COVID-19.

Renovation firms' stock rises on EU 'green recovery' boost

BRUSSELS (Reuters) - A pledge from European policy-makers to pour funds into energy-saving refurbishments of old, draughty buildings has boosted the outlook for the green construction sector as it seeks to shake off the impact of the coronavirus, fund managers said.

South African tobacco firms, associations seek court action over cigarette sales ban

JOHANNESBURG (Reuters) - A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.

Coffee maker JDE Peet's IPO wrapped up in just 72 hours: sources

LONDON/PARIS (Reuters) - It took just three days to sell shares in JDE Peet’s JDEP.AS as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world’s No. 2 maker of packaged coffee.

Coronavirus sinks U.S. consumer spending; savings hit record high

WASHINGTON (Reuters) - U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.

Italian magistrates target Uber Italia over alleged rider exploitation: sources

MILAN (Reuters) - Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday.

Morgan Stanley plans June return of some traders to New York headquarters: CNBC

(Reuters) - Morgan Stanley (MS.N) is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.

U.S. Treasury unveils rules for carbon capture tax credits

WASHINGTON (Reuters) - The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.

Portugal approves third phase of lockdown exit, Lisbon takes it slow

LISBON (Reuters) - Portugal gave the green light on Friday to the third phase of its lockdown exit, but some restrictions will remain in Lisbon due to localised outbreaks in industrial hubs and outskirts.

Oil surges 5% on U.S.-China trade optimism, falling crude output

NEW YORK (Reuters) - Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.

Chilean regulator approves Uber's purchase of Cornershop grocery app

SANTIAGO (Reuters) - Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods.

Canada 'needs' airline industry, is monitoring day by day: minister

OTTAWA (Reuters) - Canada is closely monitoring the slumping airline industry and extended a ban on large cruise ships to Oct. 31 to help prevent the spread of the coronavirus, Transport Minister Marc Garneau said on Friday.

Southwest Airlines CEO sees low-fare environment when traffic returns

(Reuters) - Southwest Airlines Co (LUV.N) Chief Executive Officer Gary Kelly said on Friday he expects a “brutal low-fare” environment when traffic returns after coronavirus-induced restrictions ease.

TJ Maxx, Marshalls, HomeGoods expect to reopen end of June

There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.

TJ Maxx, Marshalls, HomeGoods expect to reopen end of June

TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.

TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month

TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.

TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month

TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.

ITC Hotels partners with Swiggy to offer dining options to customers

ITC Hotels had tapped into the food and beverage take-away model across the country recently. The chain said the association with Swiggy is aimed at reaching a much larger customer base.

ITC Hotels partners with Swiggy to offer dining experiences at home

ITC Hotels has implemented stringent measures and protocols, including mandatory temperature checks for all chefs and food and beverage associates

ITC Hotels partners with Swiggy to deliver food delicacies at customers' doorsteps

The move would enable ITC Hotels' customers to enjoy their pre-paid orders with 'no-contact' deliveries and have unique food experiences with local offerings from the regions at their home, said a joint statement.

Pradhan envisages home delivery of petrol, CNG

“The government has already started mobile dispensers for diesel.”

Govt is looking at starting home delivery of petrol, CNG: Pradhan

Indian Oil Corp (IOC), the nation's largest fuel retailer, started home delivery of diesel through a mobile dispenser in 2018. This service is available only in a handful of cities.

Dharmendra Pradhan envisages home delivery of petrol, CNG

After doorstep delivery of diesel, the government is looking at starting home delivery of petrol and CNG for the greater convenience of customers, Oil Minister Dharmendra Pradhan said on Friday.

Home delivery of petrol, CNG: Govt mulling new retailing model to make all fuels available at one place

The minister said city gas network of CNG supplies to automobiles and piped cooking gas to kitchens will soon cover 72 per cent of the country's population.

Markets march higher for third day in a row

Equity benchmarks finished in the green for the third session on the trot on Friday as investors scooped up FMCG, finance and banking stocks despite negative overseas cues and rising Covid-19 cases

Markets march higher for third day; post weekly gains

India Business News: Equity benchmarks finished in the green for the third session on the trot on Friday as investors scooped up FMCG, finance and banking stocks despite n

Markets buck global trend, march higher for third day

On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.

Inland waterways transport with Bangladesh to start in 3-4 months: Tripura CM

Chief Minister Biplab Kumar Deb today visited Sonamura and different parts of Sepahijala district as part of his inspection tour of quarantine centres set up at village level to accommodate people who are facing difficulties in-home quarantine.

New waterways linking NE, B’desh to start in 3 months

New waterways between Tripura and Bangladesh would start within three months and it would boost trade and numerous economic activities, Tripura Chief Minister Biplab Kumar Deb said on Friday.

New Waterways Route To Connect Tripura With Bangladesh: Biplab Kumar Deb

Chief Minister Biplab Kumar Deb on Friday said a new inland waterways protocol route on the Gomati river would connect Tripura with Daudkandi in Bangladesh and ships would start ferrying goods within three months.

More than 1.65 lakh people travelled in 2,198 flights since resumption of services

Civil Aviation Minister Hardeep Singh Puri, who has been sharing daily updates on the numbers of flights and flyers, said, 'Our airports continue to function smoothly.' So far, 16 asymptomatic passengers on seven different flights have tested positive for the novel coronavirus after landing in their respective destina

2,198 Flights Ferried Over 1.65 Lakh People Since Resumption Of Services

More than 1.65 lakh people have travelled in 2,198 flights till Friday afternoon after the government allowed partial resumption of domestic services from Monday amid the coronavirus-induced lockdown.

More than 1.65 lakh people travelled in 2,198 flights since Monday: Puri

Civil Aviation Minister Hardeep Singh Puri said, 'Our airports continue to function smoothly'.Private carriers have operated a total of 2,198 flights till 5 pm on Friday -- 428 on Monday, 445 on Tuesday, 460 on Wednesday, 494 on Thursday and 371 on Friday

Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss

The UK's biggest building society says struggling applicants should be flagged to lenders.

Indians to skip border trade with China through Lipulekh pass this year

Indian traders have decided not to do trade with China through Lipulekh pass this year as a precaution against COVID-19. They conveyed their unwillingness to participate in the annual exercise during a preparatory meeting. Officials said there has been no word so far from the Centre as well on border trade as the lockdown against coronavirus continues.

Indians to skip border trade with China through Lipulekh pass this year

Officials said there has been no word so far from the Centre as well on border trade as the lockdown against coronavirus continues.

Coronavirus | Indians to skip border trade with China through Lipulekh pass this year

There has been no word so far from the Centre on the issue, say officials.

No decision taken on setting up bad bank: Finance Minister official

The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets

No decision taken on setting up bad bank: Finance Ministry official

Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.

No decision taken on setting up bad bank: FinMin official

Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.

India’s key growth engine grinds to halt in sign of slump

Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.

India’s key growth engine grinds to halt in sign of slump

India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo

The world is still far from herd immunity for coronavirus

In new studies that test the population more broadly, the percentage of people who have been infected so far is still in the single digits. The numbers are a fraction of the threshold known as herd immunity, at which the virus can no longer spread widely.

Covid-19: The world is still far from herd immunity for coronavirus

Rest of World News: The percentage of people who have been infected with Covid-19 across the world so far is still in the single digits. The numbers are a fraction of the

US consumer spending sinks by record 13.6% in face of virus

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.

US consumer spending sinks by record 13.6% in face of virus

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.

US consumer spending sinks by record 13.6% in face of virus

Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.

Virus sends consumer spending down 13.6% in April

U.S. consumer spending plunged by a record-shattering 13.6% in April as the pandemic shuttered businesses, forced millions of layoffs and sent the economy into deep recession.

Breaking: US Personal Spending plunged by 13.6% in April

Personal Spending in the United States declined by 13.6 on a monthly basis in April, the data published by the US Bureau of Economic Analysis showed

Apple still dominates the wearables market in the first quarter of 2020

Apple still dominates the wearables market in the first quarter of 2020. In the Q1 2020, 72.6 million wearable electronic devices were shipped in the world.

IDC: Apple still dominates the wearable market with 21.2 million units shipped in Q1 2020

Apple continues to lead the market for wearable products, according to the latest IDC report. The company shipped 21.2 million units of these products in the first quarter of 2020, which represents 29.3% of the total share. Compared to the first quarter of 2019, the company grew by 13.3 million units, or 23.7% of market […]

Apple retains top spot in the wearables market in Q1

A new report suggests Apple shipped over 21 million wearables units in Q1, giving it a 29.3% market share.

GST Council may find it difficult to raise GST rates

It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.Several states have reportedly taken an over 80-90% hit in GST collections in April

Council may find it difficult to raise GST rates

 The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.

Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so

Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so

GST Council likely to meet in mid-June

Tax revenue details withheld till July, officials say no point in disclosing now as returns filing extended

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

A bench of Justices A S Bopanna and Hrishikesh Roy in Friday's proceedings, held through video-conferencing, also issued notice on the cross-appeal of Cyrus Investment Pvt Ltd and tagged the plea with that of TSPL.

Decision to open shops in malls soon after taking into account health ministry's guidelines

Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.

Decision to open shops in malls soon after taking into account health ministry's guidelines

"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.​

Decision to open shops in malls soon after taking into account health ministry's guidelines

The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.

US-China tension to push Asian shares lower in choppy trade

All eyes are now on Friday's press conference hosted by Trump where he will address his response to China over its treatment of Hong Kong.

US-China tension to push Asian shares lower in choppy trade

Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...

S&P 500 up in choppy action after Trump comments on China

S&P 500 up in choppy action after Trump comments on China

S&P 500 up in choppy action after Trump comments on China

Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...

'Global growth worries, US-China tensions likely to keep crude prices choppy'

We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.

Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains

Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity

Federal Reserve adds just $1bn of new corporate debt to balance sheet

Only modest use made of US central bank’s emergency lending facilities in the past week

US money market funds waive fees to stave off negative returns

Decline in yields on short-term debt prompts action from asset managers

UK economy shows early signs of improvement from lockdown low | Free to read

Five indicators benefit from easing of restrictions amid overall depressed activity

BBVA calls for easing of coronavirus restrictions

Spanish bank’s chairman Carlos Torres says move is needed to kick-start economy

Big food brands sidestep retailers in pandemic

Kraft Heinz and PepsiCo become latest groups to sell online, but can direct delivery take off?

Pandemic accelerates desire to pass down wealth

Fear over potential tax rises leads to a rise in people gifting assets to family members

SoftBank investment chief given 113% pay rise despite Vision Fund woes

Ex-Deutsche trader Rajeev Misra earns $15m even after historic losses at Japanese tech group

BaFin examines Wirecard chief’s share purchase

Markus Braun’s move falls within pre-results period when managers usually may not trade

Deflation fears as eurozone price growth falls to four-year low

Economists highlight dangers of an accompanying drop in demand

PizzaExpress to launch pasta delivery service in hunt for revenues

Chain’s private equity owners consider survival options including restaurant closures and debt-for-equity swap

Neil Woodford fund: investors still await final payout

Twelve months after Equity Income fund’s suspension, pandemic leads to further delays

Nicolai Tangen, next chief of Norway’s sovereign wealth fund

The hedge fund manager has unleashed a scandal-laced storm of Nordic ‘Janteloven’

5 Top Canadian Oil Stocks To Buy In 2020

Pessimism about the Canadian oil and gas sector might be at an all time high but for medium to long-term investors, these stocks might be attractive buys.

Restarting The American Economy: The Most Essential Factors

According to some sources, unemployment is expected to reach 25.2% by the end of this year.

The Customer Service Heroism Of Funeral Directors, The ‘Last Responders’ Of The Deathcare/Funeral Industry

In the unprecedented losses we’ve suffered so suddenly as a country, a large part of the burden has fallen on the funeral industry, sometimes called deathcare. Funeral directors serve in a customer service-focused industry, as customer service consultant Micah Solomon explores.

Snapshots Of The New Retail Wine Sector And What Lies Ahead

Wine sales have essentially doubled. We attribute this to the lack of restaurants and bars, but also to more overall alcoholic beverage consumption and shoppers engaging in larger, less-frequent shopping experiences.

Oil Prices Rebound Nearly 90% In May For Best Month On Record

Prices increased by more than 5% on Friday.

Recent Hiring Data Shows Gaming And Esports Companies Not Immune To Economic Woes

Consumers are turning to gaming and esports companies for entertainment during difficult times. So how are these companies faring during the pandemic?

TZERO Announced New Broker-Dealers Trading On Its Blockchain

tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.

The Path To The Covid Recovery Is Paved With Renewable Energy

Social entrepreneur Harish Hande reflects on the democratizing role of sustainable energy in the COVID recovery.

Twilio Shares Surge 98% YTD As Emerging Use Cases Drive Increased Demand

During the Covid-19 crisis, Twilio has emerged as a leading provider of the underlying infrastructure needed to power increased digital engagement. Management called out six emerging use cases for Twilio’s platform during the pandemic.

Dow Jones Futures: Trump China News May Not Break Coronavirus Stock Market Rally; Renault, Twitter In Focus

Donald Trump, the U.S. president, appears poised to sign measures against China that would spur tensions further. He wants to punish Chinese officials

Creating Value Through Digital Transformation

Surviving the most challenging economic conditions since the Great Depression, and thriving once the pandemic eases, requires flexible and imaginative thinking and the ability to manage the innovation process.

Post-Pandemic Music Industry Predictions: The Consolidation Of Power

The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?

35% Gain Possible For PVH Corp Stock Post-Covid?

Comparing the trend in PVH Corp stock (formerly known as Phillips-Van Heusen Corporation, owns brands such as Van Heusen, Tommy Hilfiger, Calvin Klein, to name a few) over recent months with its trajectory during and after the Great Recession of 2008,we believe that the stock can potentially gain...

Blockchain Powered Initiative Pays Musicians In Two Hours Rather Than Two Years

Revelator is a music business administration platform that has developed original a blockchain-based wallet and smart contract platform that vastly expedites payment to artists.

Delta And United’s China Plans Lift As Chinese Airlines Propose More U.S. Flights If COVID-19 Restrictions Ease

China Eastern could fly 45 weekly China-U.S. flights, China Southern 38 and Xiamen Airlines nine, the carriers told the U.S. government.

Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting

Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules

Would You Choose Restaurant Brands’ Stock Over McDonald’s?

McDonald’s stock has grown 20% in the last couple of years (since Jan 2018), but Restaurant Brands’ Stock has grown by only 10%. But it is hard to believe why McDonald’s stock is up more Restaurant Brands’ stock - especially since Restaurant Brands’ revenue growth for the 2017-2019 period stood at..

Sex Workers Get Back To Business In Switzerland But Told To Social Distance

As Switzerland relaxes its lockdown measures, prostitution can resume from 6 June. Other sports, including boxing and ballroom dancing, however, remain forbidden.

Midwest Hyperloop Route Could Lead To $300 Billion In Economic Benefits

A feasibility study outlines the potential benefits of a corridor linking Chicago, Columbus and Pittsburgh.

Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary

Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.

Three Ways Technology Can Help Save Retailers

With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.

China Southern Won’t Bring A380 Back To U.S. Flights This Summer

China Southern aims to relaunch its China-U.S. network on July 1 but it will not bring back its Airbus A380.

Report: Worldwide Alcohol Sales Won’t Rebound Until 2024

The global coronavirus pandemic may have initially caused a spike in U.S. alcohol sales at off-premise retail stores, but the long-term impact of decreased travel and on-premise closures could set the global booze business back five years, according to a new report from research firm IWSR.

First Solar Stock Set To Surge To Pre-Covid Peak Of $57?

Comparing the trend in First Solar stockover recent months with its performance during and after the Great Recession of 2008, we believe that the stock can potentially gain around 20% once fears surrounding the coronavirus outbreak subside, to touch pre-crisis highs of around $57...

Did Gold Do Better Than The Markets? (2020)

Gold sellers are touting a 7 year high in gold.

Used Car Seller Billionaires Ernie Garcia II And Son Accused Of Insider Trading In Lawsuit

The father and son team behind Carvana, the online used car seller, along with the company’s directors and investment firms controlled by the Garcias, allegedly traded on coronavirus fears to buy up shares at “bargain basement prices.”

TerrAscend Emerging As This Year’s Breakout Star Among Cannabis Operators

TerrAscend’s latest performance reinforces analyst projections that this could be a watershed year for the company, which has spent the last year aggressively expanding its U.S. operations.

John Paulson Adds 2 Stocks To Portfolio, Boosts Tiffany

Merger arbitrage specialist releases first-quarter portfolio

14 Return-On-Equity Champions With Warren Buffett Fundamentals

Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.

Earnings Preview: What To Expect From Zoom On Tuesday

Zoom is expected to earn $0.09/share on $203.02 million in revenue. Meanwhile, the so-called Whisper number is $0.10/share. The Whisper number is the Street's unofficial view on earnings.

Careful When Booking Covid Flights - Some Aren’t Real

Some airlines may be selling tickets for flights they have no intention of operating, in order to lock customers into time-limited vouchers.

Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact

Trump took a more confrontational approach with China on Friday.

Report: Whole Foods, King Soopers Make The Most Of Their Plant-Based Offerings

A report released Thursday by the Good Food Institute takes stock of the progress the top 15 U. S. grocery retailers have made in stocking, merchandising and marketing the growing array of plant-based meat, dairy and egg alternatives.

SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses

The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.

Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies

Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.

The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target

A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.

China signals a complete ban on the eating of dog meat ahead of notorious Yulin festival with new rules to classify dogs as 'companion animals'

China has hinted that it could ban dog meat from the dinner table after approving a proposed directive to classify dogs as companion animals instead of farm animals officially.

Dominic Cummings' trip to Barnard Castle results in searches for accommodation in the market town surging by 160 per cent

There are several highly recommended guest houses, B&Bs, Airbnbs and hotels in the market town - and just nearby is one of the most spectacular waterfalls in Britain.

Russian jets 'intercept' American bombers over the Black Sea - days after SU-27 fighters came within feet of a US spy plane over Mediterranean

Video circulating online purports to show a Russian fighter plane approaching one of two US B1-B Lancer aircraft over the neutral waters of the Black Sea.

King Henry VIII's Mary Rose gets a £25,000 cash injection from Historic England to stop the iconic warship from falling into disrepair as income from visitors dries up during lockdown

The money will allow employees to continue to work to monitor, maintain and repair the complex environmental system that preserves the 16th century Tudor battleship kept in Portsmouth.

MARKET REPORT: Dealmaking appears to be returning to property sector as investors look to bag a bargain during market slump

British Land climbed 2.5 per cent after Brookfield Asset Management snapped up a stake. Traders also welcomed the news that Capital & Counties is eyeing a stake in Shaftesbury.

India quarterly growth worst in two decades as lockdown bites

MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...

India quarterly growth worst in two decades as lockdown bites

India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting

India quarterly growth worst in 2 decades as lockdown bites

India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020

Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown

Harrods outlet store opens at Westfield shopping center in London in July.

Air Canada is using its business class-only private jets on some routes to make social distancing in the sky easier — take a look at the unique plane

The sub-fleet, known as Air Canada Jetz, typically fly sports teams and its aircraft feature all-business class seating with no pesky middle seats.

THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market

This report looks at the state of online grocery adoption before the shopping method became vital to many consumers amid the pandemic.

Enterprise became America's largest car rental by hiring 'amiable jocks' straight out of college, and it might help it survive the car rental apocalypse

As other car rental companies begin to bite the dust, Enterprise's unique hiring strategy may allow it navigate unprecedented challenges facing the industry.

Real-time payments are seeing rapid uptake during the pandemic

The Clearing House's real-time payments network may quickly attract FIs as the pandemic convinces firms to adopt the speedy payment option.

Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.

Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.

Work from home is here to stay, but it may put younger workers at a disadvantage

Physical offices often serve as a key place for younger workers to socialize and network, but the post-pandemic workplace may be your laptop screen.

I've filed my taxes with H&R Block for 3 years in a row, and I'm still impressed by how simple and quick it is

In reviewing H&R Block, I found that it's cheaper than TurboTax and more helpful and comprehensive than free options like Credit Karma Tax.

US consumer spending plunged the most ever last month as savings spiked to a record high

A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.

The average cost of car insurance in the US

The average cost of car insurance varies by the state you live in, your driving and credit history, age, years of driving experience, and more.

Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' — with low-paid workers and women bearing the brunt of the fallout

The Fed chief singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.

Allbirds vs. Rothy's — we break down and compare women's flats from the popular shoe brands

If you're stuck between Rothy's and Allbirds, we've broken them down and compared each by color and style options, fabric construction, feel, and price.

CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth

In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.

Opening a high-yield savings account with AmEx was easy, and I've already earned $74 in interest in the first month

With cash on hand from the sale of her first home, she opened a high-yield savings account to protect her family in the event of income loss.

Car-buying in the coronavirus era is moving online, but traditional dealerships aren't going away any time soon

Some consumers have discovered that an all-digital transaction is not only possible, but preferable.

Times Square billboards went dark for one minute to show support for struggling restaurants and hospitality businesses

Some of Times Square's iconic signage went dim to spotlight how insurers are using loopholes to get out of paying business-interruption claims.

UK hotels including The Savoy and Brown's unite to offer thousands of free stays for ICU workers

The Telegraph is proud to have partnered with Nights On Us, a brand new initiative from the travel industry that hopes to offer hotel breaks for all ICU frontline workers over the following 12 months.

Singapore top source of FDI in FY20 with investments worth $14.67 billion

According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.

Singapore top source of FDI in FY20 with investments worth $14.67 billion

In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).

Singapore top FDI source for India in FY20 with $14.67 bn in investments

In the past two financial years, FDI from Singapore has surpassed that from Mauritius

India, China engaged to resolve border issue: MEA

New Delhi:  India on Thursday said it was engaged with China at military and diplomatic levels to resolve the border standoff in eastern Ladakh, but at the same time asserted that the country is “firm” in its resolve to protect its sovereignty and national security. External Affairs Ministry Spokesperson Anurag Srivastava said India is committed […]

India, China engaged at military, diplomatic levels to resolve border issue: MEA

India on Thursday said it was engaged with China at military and diplomatic levels to resolve the border standoff in eastern Ladakh, but at the same time

India open to engaging with Nepal to resolve boundary issues

India open to engaging with Nepal to resolve boundary issues. 'India is open to engaging with all its neighbours on the basis of mutual sensitivity and mutual respect, in an environment of trust and confidence. This is a continuous process and requires constructive and positive efforts,' Srivastava said.

Open to engage with Nepal to solve border row, indicates India

India also said it is “open to engaging” with all its neighbours, and the process requires “constructive and positive efforts”.

Trump announces probe of Chinese companies listed in US

US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies. The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong

Donald Trump announces probe of Chinese companies listed in US

Among the largest were e-commerce giant Alibaba, China's largest oil producer PetroChina and Sinopec, the world's largest oil refiner.The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong that critics say would stifle freedom

Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre

Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.

Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre

India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.

Towards a climate neutral Europe: The land sector is key

Land use choices can have a significant impact on climate change mitigation and help meet the increased ambition foreseen by the 'European Green Deal'. It is time to step up efforts to quantify the land sector's carbon emissions and removals. A study, which includes the CMCC Foundation's participation, analyses the EU regulations in force on the subject, which to date still place limits on the contribution that the land use sector can make to achieving the Union's climate objectives.

Towards a climate neutral Europe: The land sector is key

Land use choices can have a significant impact on climate change mitigation and help meet the increased ambition foreseen by the "European Green Deal." It is time to step up efforts to quantify the land ...

D-backs cut about quarter of staff with layoffs, furloughs

The Arizona Diamondbacks have laid off or furloughed about one-quarter of the team’s employees because of lost revenue due to the coronavirus pandemic.

D-backs cut about quarter of staff with layoffs, furloughs

The Arizona Diamondbacks have laid off or furloughed about one-quarter of the team’s employees because of lost revenue due to the coronavirus pandemic. The organization made the moves on Friday....

Household income surged in April despite the collapsing labor market

CARES Act benefits worked really well.

Oh great, now we’re running out of bikes

Demand for bikes is surging, but the supply chain is still catching up.

Be careful in dealing with material info disclosure to investors: Sebi warns TCS

The regulator has asked the IT major to provide adequate and timely information.

Sebi warns TCS over disclosure of material information to investors

Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors

Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI

A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,

Appreciate difficulties of PMC Bank depositors on moratorium on withdrawals: HC to Centre, RBI

Activist Bejon Kumar Misra filed the petition seeking directions to RBI to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic

Delhi HC directs RBI, PMC Bank to consider needs of depositors

Delhi HC directs RBI, PMC Bank to consider needs of depositors: Delhi High Court has directed the Reserve Bank of India (RBI), Punjab Maharashtra Cooperative Bank, and other respondents to consider the needs of the depositors during the coronavirus-induced lockdown.. Get all latest entertainment & viral stories on english.lokmat.com

Uber introduces a new hourly rate for longer, multistop trips

Uber will charge $50 an hour for these longer trips.

Kickstarter’s CEO on why he doesn’t think the company will only do crowdfunding forever

Exploring other business opportunities

Chinese graduate students may be next hit by US-China tensions

US News: The Trump admin may soon expel thousands of Chinese graduate students enrolled at US universities and impose other sanctions against China in the late

Chinese grad students may be next hit by US-China tensions

The Trump administration may expel thousands of Chinese graduate students enrolled at US universities in the latest sign of tensions between Washington and Beijing that are raging over trade, the

IndiGo appoints Venkataramani Sumantran as independent director

India Business News: NEW DELHI: Venkataramani Sumantran, the chairman and managing director of Chennai-based Celeris Technologies, has been appointed the independent direc.

IndiGo appoints Venkataramani Sumantran as independent director

Venkataramani Sumantran, the chairman and managing director of Chennai-based Celeris Technologies, has been appointed the independent director of IndiGo, the airline said on Friday. Sumantran will

CBS News President Susan Zirinsky Says Corporate Execs Have Discussed Pay Cut

The company, which underwent layoffs this week, has not yet docked executive pay, which has "upset" some network staffers.

Coronavirus crisis crippling debt-heavy Serta Simmons

The nation’s biggest mattress maker is in danger of becoming a coronavirus casualty this summer — and it’s the company’s private-equity owners that have made it vulnerable. Serta Simmons — a

Tyson Foods to close Iowa pork plant amid coronavirus outbreak

Tyson Foods plans to temporarily close an Iowa pork plant where nearly a quarter of the workers have caught the novel coronavirus.

Elon Musk earns performance-based Tesla payout worth $775M

Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a

Investor group allowed to buy Grindr from Chinese firm for $620M

Chinese gaming company Beijing Kunlun Tech said on Friday that a US national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente

Stocks tumble as Wall Street awaits Trump’s China salvo

US stocks tumbled Friday as Wall Street anxiously awaited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4

States might turn to legalized gambling with budgets rocked by coronavirus

The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the US as states deal with huge budget deficits and look for new tax revenue wherever they can

Coronavirus began spreading in US as early as late January, CDC says

Coronavirus began slowly spreading in the US as early as late January or early February — and went undetected for a month, according to the Centers for Disease Control and Prevention. The

People are mistaking stimulus payments for junk or scam mail

"Got my 'stimulus check' in the mail today as a shady looking pre-paid debit card," said one tweeter.

Consumer discretionary stocks in the spotlight as U.S. economy reopens

A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector

Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens

Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...

FDI inflows surge 18% in 2019-20 to record $74 billion

India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard

FDI into India increased 18 per cent to $73 billion in 2019-20

This will spur job creation, says Union Minister Piyush Goyal

Railway Reservations can be made up to 120 days in advance from 31st May

Railway Reservations can be made up to 120 days in advance from 31st May: - Summary of the Gallery

Indian Railways reinstates advance ticket reservation window to 120 days

According to a Railway Ministry spokesperson, the changes shall be implemented from 8 am of the train booking date of May 31 onwards

Reservation period for special trains increased to 120 days: Indian Railway

The changes will be implemented from May 31 onward, according to Indian Railways

Railways to continue advance booking after May 31

Pakistan Railways to continue advance booking after May 31.

KEC International Q4 results: Net profit down 3% to Rs 193 crore

Revenue during the quarter declined to Rs 3,673.73 crore as against Rs 3,845.51 crore in the year-ago period.

KEC International Q4 profit down 3% to Rs 193 crore

The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.

Sagar Cements Q4 profit down 94% to Rs 1.18 crore

The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.

ESAF Small Finance Bank Q4 results: Net profit zooms two-folds to Rs 190 crore

The bank's advances grew 37 per cent to Rs 6,818 crore with deposit rising 63 per cent to Rs 7,028 crore.

The Witcher series hits 50 million sales

Valley of plenty.

The Witcher franchise has crossed 50 million sales

The Witcher franchise has sold over 50 million copies worldwide, according to the latest figures from developer CD Projekt Red. The Witcher 3 is responsible for a huge chunk of those sales, with the popular RPG having sold over 20 million copies as of June 2019.

The Witcher Series passes major sales milestone, shipping over 50 million copies

You can’t keep a good witcher down, especially when they have an ultra successful Netflix series to help punt the games.

Hong Kong on borrowed time as China pushes for more control

BANGKOK (AP) — Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status.China’s passage of a national security law for the city is the latest sign that the 50-year “one country, two systems” arrangement that allowed Hong Kong to keep its own legal, financial and trade regimes is perishable.China’s communist leaders have been preparing for decades to take full control of the glittering capitalist oasis, while building up their own trade and financial centers to take Hong Kong's place.

Hong Kong on borrowed time as China pushes for more control | Honolulu Star-Advertiser

BANGKOK >> Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status.

LIVE: Trump to speak on China as it pushes for more control in Hong Kong

China’s communist leaders have been preparing for decades to take full control of the glittering capitalist oasis, while building up their own trade and financial centers to take Hong Kong's place.

New Zealand close to virus eradication despite grim global figures

The US economy is also showing signs of deep and long-lasting damage despite some businesses reopening.

New Zealand close to coronavirus eradication, despite grim global figures

New Zealand has all but eradicated coronavirus from its shores, with just one person in the nation of five million known to be still infected. The development is in stark contrast to the global outlook, however, where the spread of the pandemic generally remains grim - with India reporting another record increase in cases, and deaths reaching a new peak in Pakistan. In the US, Covid-19 forced more than two million people out of work last week despite the gradual reopening of businesses - stoking fears the outbreak is causing deep and potentially long-lasting damage to the world's largest economy. The confirmed US death toll has now surpassed 100,000 - the highest in the world.

IIT Project Helps Increase Dolphin Population In Odisha's Chilika Lake

A research project by the Indian Institute of Technology (IIT) Madras has helped Odisha's Chilika lake, Asia's largest brackish water body, in tripling the population of the Irrawaddy dolphins.

Irrawaddy Dolphin population triples in Odisha’s Chilika Lake! Here’s IIT Madras’ dredging methodology brought Dolphins back

The searchers conducted geotechnical, hydraulic and satellite imagery studies and developed a dredging methodology with minimum impact on the lake ecosystem.

Young’s says it expects ‘lower sales’ when customers return to pubs

The London-based pub company said it will not pay shareholders a dividend for the past year.

Young’s says it expects ‘lower sales’ when customers return to pubs

The London-based pub company said it will not pay shareholders a dividend for the past year.

Young’s says it expects ‘lower sales’ when customers return to pubs

The London-based pub company said it will not pay shareholders a dividend for the past year.

Famous tourist sites remain closed as lockdown rules are eased

Visitor to France will not yet be able to see the Mona Lisa, climb the Eiffel Tower or look around the Palace of Versailles.

Famous tourist sites remain closed as lockdown rules are eased

Visitor to France will not yet be able to see the Mona Lisa, climb the Eiffel Tower or look around the Palace of Versailles.

Famous tourist sites remain closed as lockdown rules are eased

Visitor to France will not yet be able to see the Mona Lisa, climb the Eiffel Tower or look around the Palace of Versailles.

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.

Diane Dodds – Furlough changes incredibly difficult for some firms in NI

Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.

Diane Dodds – Furlough changes incredibly difficult for some firms in NI

Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.

Diane Dodds – Furlough changes incredibly difficult for some firms in NI

Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.

SA’s credit growth slows to 7.37% year on year in April

M3 quickens to 10.47%.

SA's credit growth slows to 7.37% year on year in April

Expansion in the broadly defined M3 measure of money supply quickened to 10.47% in April from 9.49% in March.

Credit growth 'stops' in April

Lending growth froze in April for the first time since 2011 due to a plunge in credit card spending by shoppers during the coronavirus shutdowns.

House pushes back schedule to pass spending bills

The House is pushing back its June target date for passing 12 appropriations bills and is setting up July as a new deadline.House Majority Leader Steny Hoyer (D-Md.) signaled the change in a Friday

Getting the hang of virtual meetings is not easy

Meeting all the on-the-job commitments during Ramadan was particularly onerous

Getting the most out of video for remote meetings

A deep dive into how to make videos for remote working successful.

Two million jobs could be lost by changes to the furlough scheme, experts warn

BRITAIN will be hit by as many as two million job cuts if the chancellor makes cuts to the furlough scheme, experts have warned. Rishi Sunak is this afternoon expected to announce employers will ne…

NABARD sanctions Rs 1,050 crore credit support to West Bengal

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people.

NABARD sanctions Rs 1,050 crore credit support to West Bengal

The credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance institutions. The NABARD has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks, he said, adding that disbursements to MFIs will commence shortly.

Business Live: Indian shares fall ahead of GDP data; Vodafone jumps

Updates from the world of economy, markets, and finance

Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%

At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400. 

Wipro appoints Deepak M Satwalekar to its Board of Directors

Deepak M ​​Satwalekar has been the Managing Director of HDFC Ltd and subsequently the Managing Director and CEO of HDFC Standard Life Insurance Co. Ltd. He has also been a consultant to the World Bank, the Asian Development Bank, the United States Agency for International Development (USAID) and the United Nations Human Settlements Programme (UN-HABITAT), the statement said.

Former HDFC executive Deepak Satwalekar appointed to Wipro’s Board

India’s coronavirus death toll overtakes that of China

This is the first time that the single-day spike crossed the 7,000 mark.

India’s coronavirus death toll overtakes that of China

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

Coronavirus pandemic: India’s death toll overtakes that of China

The country has registered 175 deaths and a record 7,466 fresh coronavirus infection cases in the last 24 hrs till Friday 8 am, according to the Union Health Ministry.

Brazil’s Embraer drawing foreign interest after collapse of Boeing deal

China’s state-owned COMAC plane maker has voiced informal interest in co-operation with the world’s third-largest jet maker, sources said

Brazil’s Embraer draws foreign interest after Boeing rift, say sources

SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...

IMD revises forecast, southwest monsoon to hit Kerala on June 1

Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.

After IMD revises forecast, southwest monsoon to hit Kerala on June 1

Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.

Monsoon onset over Kerala likely on June 1: IMD

Monsoon onset over Kerala likely on June 1: IMD New Delhi:  The southwest monsoon is likely to hit Kerala on June 1, thanks to a cyclonic circulation over the Bay of Bengal, the India Meteorological Department said on Thursday.The IMD, in its onset date forecast on May 15, had said the monsoon is likely to […]

Monsoon to hit Kerala on June 1: IMD issues orange alert for Kerala's Idukki district

Rising US job losses stir fears of lasting economic damage

WASHINGTON — The coronavirus crisis threw at least 2.

Rising US job losses stir fears of lasting economic damage

WASHINGTON — The coronavirus crisis threw at least 2.

Rising US job losses stir fears of lasting economic damage

WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting damage to the U.S. economy.Despite a few glimmers of hope, most of the latest economic news from around the globe was likewise grim, as some of the world's most populous countries reported rising infections and deaths. The confirmed U.S. death toll has surpassed 100,000, the highest in the world.The latest job-loss figures from the U.S. Labor Department bring to 41 million the running total of Americans who have filed for unemployment benefits since the coronavirus shutdowns took

Rising US job losses stoke fears of lasting economic damage amid pandemic

The numbers are extraordinarily high by historical standards, economists have warned.

Asia shares fall as US-China tensions douse rally on Wall St

Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.

Asia shares fall as U.S.-China tensions douse rally on Wall St

Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.

Magic Leap CEO Rony Abovitz is stepping down

Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.

Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down

Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…

Wipro shares jump 7 per cent on new CEO appointment

Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.

Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director

Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.

Covid-19 crisis to cause FDI investment to the Republic to fall by 20% this year

The State is now in eighth spot in a ranking of most attractive European locations for FDI

Covid-19 crisis to trigger 20% fall in FDI

The State is now in eighth spot in a ranking of most attractive European locations for FDI

Lifetime community rating leads to rise in low cover plan purchases

Research suggests many first-time buyers bought cheap plans with limited benefits

Lifetime community rating cited for rise in low cover health plan purchases

Research suggests many first time buyers bought cheap plans with limited benefits

Ireland stands to benefit in a big way from investing in public transport

John FitzGerald: Good public transport improves quality of life and lowers greenhouse gases

If you injure yourself working from home, is your employer responsible?

Laws governing safety at work apply to all workplaces, no matter where they are

Coronavirus pandemic shows how fragile employment can be

Virus a reminder world of work is changing and employees must change with it or get left behind

‘I’m so lucky to be in the Caribbean – a million miles from Derry Girls’

Wild Geese: Dentist Aoife Monaghan on life on the British Virgin Islands

Covid-19 contact-tracing calls fell more than half during May

Calls fell from 8,000 a week at start of month to 3,800 as incidence of virus diminished

FDI to drop, Michael Smurfit interview and a ‘welfare mentality’ towards SMEs

Business Today: the best news, analysis and comment from The Irish Times business desk

Wellness company to create 100 jobs with Cork City plant

Doterra’s European manufacturing HQ will be located in the northern suburbs of the city

Paddy Power Betfair owner raises €904m in share sale

Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group

Ardagh to repay debt as it raises $715m in bond sale

Glass and metal container group led by Paul Coulsen operates facilities in 12 countries

‘The recovery needs to be a full-scale economic renewal’

Top economist Mariana Mazzucato on ‘doing economics differently’ in a post-Covid-19 world

Euro zone flash inflation at four-year low in May

Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May

Garda to scale down Covid-19 enforcement for June bank holiday

Focus of force to switch from roads to parks, beaches and beauty spots

Challenger bank Starling raises additional £40m

Fintech led by former AIB chief operating officer, has now raised £363m to date

Aer Lingus to deploy controlled boarding and contactless passes

Passengers and crew must already wear face masks

‘It’s safe to fly’, EU aviation safety boss says

Comments support Ryanair CEO Michael O’Leary call for loosening on restrictions

Charities find new ways of raising money during lockdown

Strip and Dip skinny dip and Cycling Ireland take events online in bid to raise funds

Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ

Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank

Kollect reports rise in revenues as Covid-19 hits waste collections

Start-up refocuses sales on construction sites as Irish economy slowly reopens

Flutter bets Covid-19 will ease puritan take on gambling in US

Shares have surged by more than 90 per cent over the past 2½ months,

Covid-19: Between six and 12 per childcare ‘pod’ when sector re-opens

Guidance on how childcare facilities will operate sent to providers in recent days

Galway shuts down popular tourist spots and beaches over Covid-19 concerns

Lack of social distancing causes local authority to act for June bank holiday weekend

Coronavirus: Technopath offers employers not-for-profit antibody tests

Tipperary firm sees confidence in testing as crucial to getting staff back to work

Hamstrung EU expresses concern over Hong Kong and China

EU stops short of action as Beijing tightens power grip over city to US condemnation

Ryanair expects air fares to fall when flights take off again

’We think it’s pretty clear that for the next 12 months prices are going to be way down,’ says Michael O’Leary

Salesforce shares dip 4% on light revenue, earnings guidance

Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...