EU weighs China policy amid concern over Hong Kong moves

The ministers, holding talks via videoconference, are weighing the need for firm policy against the damage that it might do to business ties between the Asian economic giant and the world's biggest trading bloc.

OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too

Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.

Not ready to open platform food stalls yet! Vendors’ Association urges Indian Railways to give them time

To check the spread of the infection, the stalls on platforms had been shut throughout the nationwide lockdown, which was imposed on 25 March 2020.

Economy needs support from PSBs: Union Bank chief

Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.

Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove

Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each

Indian entrepreneurs gave this many high paying jobs to America; US-India trade ties can help startups boom

The strengthening of US-India bilateral ties could be a major proponent for startups to flourish and both countries can benefit if more startups are encouraged to work in America.

Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why

While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.

First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW

With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.

COVID-19: Traffic back on roads, but business not the same at crossroads for traffic signal vendors

For years, the livelihood of these vendors has been directed by the changing of traffic lights from green to amber to red.

ITC to use Amway network to sell juices as coronavirus pushes demand for immunity boosters

FMCG major ITC has partnered with direct selling company Amway to retail its range of juices as demand for immunity building products witness a boom during the coronavirus pandemic.

Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS

Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.

Niti Aayog explains how India can access carbon credits worth $50-60 billion

In India, there has been a long history of farming that is based on traditional and environment-friendly practices. The state of Sikkim became the first-ever organic state in the world and was awarded the UN Future Policy Gold Award, 2018.

Post-Covid retail loan losses may treble, hitting fintech lenders: CreditVidya

Much of the deterioration in loan quality is likely to be the result of loan stacking, or the practice of the same borrower having multiple outstanding loans from different lenders.

Credit flow: Rs 4L crore reverse repo funds sanctioned as loans

RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.

UPL rating: Neutral — Synergies drove results in quarter

High debt a key concern for company; ‘Neutral’ maintained with target price of Rs 424

Amphan cyclone: Insurers estimate losses up to Rs 1,000 crore

With the general insurers receiving mostly property and motor claims after cyclone Amphan caused widespread distructions in West Bengal and Odisha, the insured losses from the calamity could be in the range from Rs 800 crore to Rs 1,000 crore.

HDFC rating: Buy — Earnings reflected dull realty sentiment

Asset growth, likely to be soft for two quarters, will revive faster than peers; company to consolidate its positioning; ‘Buy’ retained.

Daiichi Sankyo case: Singapore’s SC dismisses Singh brothers’ plea

In a big setback to former Ranbaxy promoters Malvinder Singh and Shivinder Singh, the Supreme Court of Singapore has dismissed their appeal seeking quashing of the Singapore High Court’s order that upheld the Rs 2,500-crore arbitration award in favour of Japanese pharma major Daiichi Sankyo.

Moody’s downgrades IIFL Finance to B1

Moody’s has also downgraded the senior secured programme rating of India Infoline Finance to (P)B1 from (P)Ba3.

New PPA after 5 years: Madhya Pradesh approves pact with Adani Power

After a hiatus of five years, a new long-term power purchase agreement (PPA) for thermal power has been finalised, with the regulator of Madhya Pradhesh approving the 25-year contract signed between Pench Thermal Energy (MP), a unit of Adani Power.

Covid effect? Debt Mutual Funds to face multiple headwinds

Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.

New comprehensive I-T form to come in handy for taxman

Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.

RBI extends Rupee Co-op Bank licence by 3 months

In a statement issued by the bank, Sudhir Pandit, chairman, board of administrators, said that the bank has till date recovered Rs 258.11 crore and has registered an aggregate profit of Rs 53.19 crore during the last four years.

UPPCL seeks state guarantee for 21,000-crore PFC-REC loan

The Uttar Pradesh Power Corporation has sought state government guarantees for loans of nearly Rs 21,000 crore to be borrowed from PFC-REC for payment of outstanding dues of central generating stations (CGS), independent power producers (IPPs) and renewable energy (RE) generators.

Niti Aayog suggests slew of steps to make India’s exports competitive

The measures include establishment of a national trade network (NTN), improving information flow and making customs processes and IT systems more efficient.

PG&E Achieves Bankruptcy Milestone as It Fights Probation Conditions

California regulators on Thursday approved Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy as the company fought in federal court to block a set of strict new probation terms aimed at preventing wildfires.

Salon Chain Closes Outlets After Virus-Related Threats

The Great Clips hair salon chain has temporarily closed its outlets in Springfield, Missouri, after receiving threatening messages due to news that two of its hairstylists who tested positive for the coronavirus might have exposed 140 clients to the illness.

Investors Skittish Ahead of Expected Sanctions on China

Wall Street is starting to feel the sting of U.S.-China tensions, as investors await President Trump’s announcement on potential sanctions later Friday.

Everything shoppers will be banned from doing when stores reopen

Rules and restrictions will be in place for stores and shoppers

Discount website helping shoppers save money during lockdown

Shoppers can get their hands on cheap big brand names and ex-supermarket items

Carer's anger after being told to join the queue in Asda

Asda said they have designated shopping times for carers in their stores

Formula One: Williams considering selling team after suffering over $15 million in losses

After posting a £12.9 million profit in 2018, Williams have responded to the blow by seeking new investment.

Coronavirus crisis could fuel the rise of terrorist organisations in Asia and Africa

In the face of rising unemployment and food scarcity, these groups may step in to fill the void left by governments.

Aviation regulator warns airlines that swarms of locusts could pose serious risk while flying

The DGCA said the pilot’s forward vision can be impeded if large numbers of the insects land on the windshield.

Elon Musk earns £625 million payday after Tesla hits targets

Tesla chief executive Elon Musk has seen his wealth boosted by £625 million after his company hit a number of performance targets.

Three on the market: in Clontarf, Dublin 3

A choice of three impressive properties currently on the market in popular Clontarf.

Property investor IPUT increases revolving credit facility by €50m

IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.

Inflation pushes sharply into negative territory

Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.

Rare Red forest fire warning issued

The forest service has issued a rare Red forest fire warning as high temperatures and dry weather look set to persist into the weekend.

Farmer dies in farm accident in Longford

Gardai have confirmed that a man died last night in a farming accident in Co Longford.

Ireland faces drought and forest fire warnings after one of the driest springs on record

IRELAND faces drought and forest fire warnings after one of the driest springs on record - and the prospect of a sultry June bank holiday weekend.

Covid-19 to have ‘very significant impact’ on Coillte

The chief executive of Coillte, Imelda Hurley, has said the coronavirus pandemic will have “a very significant impact” on the business for at least this year.

Advisors, beef processors and Sheiks top list of largest farm subsidy payments in 2019

Agricultural advisors, semi-State companies, Larry Goodman and Sheiks are among the top beneficaries, as well as farmers, of EU farm payments, according to the latest list of CAP beneficaries published by the Department of Agriculture. 

The World's Chonkiest Plane Is Fighting COVID-19

The Soviets made it to carry spacecraft. Now it's zooming medical supplies around the globe.

'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices

Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.

Water market may not be 'good thing for the country', Basin chief says

The Murray Darling Basin Authority chief says water markets favour high-margin crops over traditional industries at the cost of regional communities.

Minister flags law review after Rio blows up 46,000-yr-old Aboriginal site

The caves in WA are the only inland site in Australia to showing evidence of continual human occupation through the last Ice Age.

Chevron's Gorgon project could face regulatory action on emissions after ministerial decision

Chevron's efforts to meet CO2 emissions targets and environmental conditions for its Gorgon LNG plant were dealt a massive blow late on Friday.

Musicians say breakdown with MSO management 'irreparable'

Players called for the organisation's chairman and managing director to resign in an increasingly public dispute.

Abbotsford Convent's historic laundry restored

The Magdalen Laundry at the Abbotsford Convent is layered in history.

Developer offers tenants half-price rent at prime site

Rents are being cut in half in a new office development just south of Sydney's CBD.

Adapt or perish: How indie bookshops thrived amid Australia's shutdown

In recent years indie bookshops have thrived where once chains failed, through personal service: but it was intimacy placed at at risk when the pandemic hit.

Investors fear cryptocurrency CEO accused of stealing millions could be on the run

A man accused of stealing millions from Bitcoin investors appears to have made a run for it.

Covid-19: No agreement between private health sector and govt over treatment tariffs

Epidemiologists are expecting that thousands of Covid-19 patients will need hospitalisation, but private doctors and the government are still haggling over tariffs.

WATCH | Joburg hairdresser breaches lockdown regulations to make ends meet

A Johannesburg-based hairdresser has resorted to conducting business illegally after losing his income due to the nationwide lockdown that began on 26 March.

Alcohol ban resulted in 18 000 job losses in wine industry - Vinpro

Although liquor sales are allowed from 1 June, the two-month ban on the sale of alcohol, combined with a ban on exports, has had a devastating impact on the wine industry.

Report: Consumer spending falls 13.6 percent despite stimulus handouts

May 29 (UPI) -- Consumer spending fell 13.6 percent in April despite personal income and disposable personal income increasing, the Bureau of Economic Analysis said Friday.

Stocks recover after Trump's announcement on Hong Kong

May 29 (UPI) -- President Donald Trump's planned news conference on China shook up stocks early Friday, but the major indexes mostly recovered by the end the day after his announcement revealed no changes to trade with Beijing.

F-35 costs falling, Pentagon estimates indicate

May 29 (UPI) -- Acquisition of F-35 fighter planes will be less expensive, with development and procurement costs down 7.1 percent, a Defense Department assessment indicates.

Uber introduces $50 Hourly rate option

May 29 (UPI) -- Uber launched a new feature called Hourly that allows riders to book trips by the hour and add destinations within that time frame as needed, the company announced Friday.

World's largest electric plane takes 28-minute first flight

May 29 (UPI) -- The world's largest all-electric aircraft took off from a Washington state airstrip for its first flight, staying in the air for 28 minutes, the plane's makers said.

'Almost 80% of COVID cases in India asymptomatic'

Union Health Minister Harsh Vardhan on Thursday said almost 80 per cent of the COVID-19 cases in India are asymptomatic or at best with very mild

Asymptomatic Cases of COVID-19 Might Be More Common Than We Think

As countries across the world begins to re-open public places and venues, the risk of a second coronavirus outbreak is set to increase. While quarantining and isolation measures will continue for anyone showing symptoms, it’s those who walk around without knowing they’re carrying COVID-19 that present the real risk. Two new studies suggests asymptomatic coronavirus cases might be more common than we think.

Buy United Spirits; target of Rs 650: ICICI Direct

ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.

Buy Tube Investments of India; target of Rs 425: ICICI Direct

ICICI Direct is bullish on Tube Investments of India has recommended buy rating on the stock with a target price of Rs 425 in its research report dated May 29, 2020.

Buy Sun Pharmaceutical Industries; target of Rs 540: ICICI Direct

ICICI Direct is bullish on Sun Pharmaceutical Industries has recommended buy rating on the stock with a target price of Rs 540 in its research report dated May 28, 2020.

Buy Coal India; target of Rs 264: ICICI Securities

ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.

Buy Visaka Industries; target of Rs 250: ICICI Securities

ICICI Securities is bullish on Visaka Industries has recommended buy rating on the stock with a target price of Rs 250 in its research report dated May 29, 2020.

Buy Radico Khaitan; target of Rs 400: ICICI Direct

ICICI Direct is bullish on Radico Khaitan has recommended buy rating on the stock with a target price of Rs 400 in its research report dated May 29, 2020.

Buy TVS Motor Company; target of Rs 422: ICICI Securities

ICICI Securities is bullish on TVS Motor Company has recommended buy rating on the stock with a target price of Rs 422 in its research report dated May 29, 2020.

Buy Kewal Kiran Clothing; target of Rs 820: ICICI Direct

ICICI Direct is bullish on Kewal Kiran Clothing has recommended buy rating on the stock with a target price of Rs 820 in its research report dated May 29, 2020.

Buy Federal Bank target of Rs 55: Anand Rathi

Anand Rathi is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 55 in its research report dated May 29, 2020.

Buy Orient Cement target of Rs 65: Anand Rathi

Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.

Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi

Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.

Buy Federal Bank; target of Rs 54: Emkay Global Financial

Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.

Sundaram Finance posts Rs 131 crore net profit for March quarter

For the full 2019-20, the company registered a net profit of Rs 723.95 crore.

Procter & Gamble Health posts net profit of Rs 46.5 crore for March quarter

It had posted a net profit of Rs 40.70 crore in the corresponding quarter a year ago, Procter & Gamble Health said in a regulatory filing.

Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter

Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.

Buy Federal Bank; target of Rs 67: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 67 in its research report dated May 29, 2020.

Hold TVS Motors; target of Rs 318: Prabhudas Lilladher

Prabhudas Lilladher recommended Hold rating on TVS Motors with a target price of Rs 318 in its research report dated May 28, 2020.

Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for June delivery traded down by Rs 5.60, or 0.6 percent, to Rs 924.70 per kg with a business turnover of 1,434 lots.

Copper futures slide on weak demand

On Multi Commodity Exchange, copper for delivery in June eased by Rs 2.75, or 0.66 percent, to Rs 413 per kg in a business turnover of 3,029 lots.

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 29

Among sectors, except IT other indices ended in the green. BSE Midcap and Smallcap indices rose between 1-2 percent.

Rice sowing not progressed much after April 10: Agriculture Ministry data

It may be noted that sowing of rice and other kharif crops is being undertaken amid the COVID-19 lockdown. Although farm activities are exempted from lockdown rules, the reasons are not known yet for slow area coverage under rice.

Lupin Standalone March 2020 Net Sales at Rs 2,483.88 crore, down 16.42% Y-o-Y

Ceat Consolidated March 2020 Net Sales at Rs 1,573.41 crore, down 10.63% Y-o-Y

Dilip Buildcon raises Rs 100 crore through NCDs

Highways builder Dilip Buildcon on Friday said it has raised Rs 100 crore through allotment of NCDs on a private placement basis. The company said it has allotted 1,000 Non Convertible Debentures (NCDs) of face value of Rs 10 lakh each.

FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter

The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.

COVID-19 impact | Blackberrys to align physical stores with digital capabilities

Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.

Due diligence important for residential real estate projects post COVID-19

The pandemic may impact cashflows to real estate projects with delays in customer collections and unwillingness of banks and NBFCs to provide further funding.

Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts

Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.

UCO Bank reduces repo-based lending rate by 40 bps

State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.

Bombay HC notices on plea over cancellation of airport project award

As per the plea, Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), a joint venture company between Maharashtra Airport Development Company and Airports Authority of India (AAI), is now planning on issuing fresh tenders for the project.

LT Foods Consolidated March 2020 Net Sales at Rs 1,197.95 crore, up 18.76% Y-o-Y

NIIT Technologies share buyback issue opens; 10 key things to know

The IT company proposed to raise Rs 337.46 crore through the buyback offer.

Investors can participate in NIIT Tech share buyback through these 2 strategies

Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).

Hind Nat Glass Standalone March 2020 Net Sales at Rs 537.00 crore, down 15.34% Y-o-Y

Buy Orient Cements; target of Rs 63: Cholamandalam securities

Cholamandalam securities is bullish on Orient Cements has recommended buy rating on the stock with a target price of Rs 63 in its research report dated May 29, 2020.

Muthoot Cap Standalone March 2020 Net Sales at Rs 146.90 crore, up 7.67% Y-o-Y

Canada GDP in April fell a record 11% as COVID-19 shutters economy

Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.

'In battle between actual and perceived risk, gold to remain directionless'

A substantial correction in gold will only be seen when investors chose to exit the metal.

Agro Tech Foods Standalone March 2020 Net Sales at Rs 204.67 crore, up 2.24% Y-o-Y

Hold Wonderla Holidays target of Rs 145: Sharekhan

Sharekhan recommended Hold rating on Wonderla Holidays with a target price of Rs 145 in its research report dated May 28, 2020.

GDP numbers: Data collection affected due to COVID-19 outbreak, says government

The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.

Hold Aarti Industries; target of Rs 1002: East India Securities

East India Securities recommended hold rating on Aarti Industries with a target price of Rs 1002 in its research report dated May 29, 2020.

Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200

Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.

Japan's jobless rate rises to 2.6% in April: Government

The seasonally adjusted unemployment rate was 2.6% in April, up from 2.5% in March, figures from the Ministry of Internal Affairs and Communications showed. The median forecast was 2.7%

Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes

The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.

Crude futures slip nearly 5% on demand concerns; gain 86.61% in May

In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.

Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals

Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.

China's Geely raises $836 million from share sale

Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.

Morgan Stanley not given advisory role on Aramco pipeline sale: Sources

The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.

IIFL Finance Standalone March 2020 Net Sales at Rs 774.65 crore, down 8.34% Y-o-Y

Wall Street ends down in late selloff; Facebook and China weigh

The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.

'It is still too early to say that it is the end of the SIP trend'

SIP flows have reduced for just about a month or two, during the last two months of the lockdown, but we cannot ignore that there have been genuine challenges on mobility.

RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29

The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).

Cisco to acquire software firm ThousandEyes

The deal is worth nearly $1 billion, Bloomberg reported earlier, citing sources.

IIFL Finance March Quarter profit plunges 81% to Rs 59 crore

The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.

Auto Corp Goa Standalone March 2020 Net Sales at Rs 75.40 crore, down 29.79% Y-o-Y

Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore

The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.

Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts

Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.

Wendt Standalone March 2020 Net Sales at Rs 22.79 crore, down 29.9% Y-o-Y

Rain Industries Consolidated March 2020 Net Sales at Rs 2,897.65 crore, down 9.35% Y-o-Y

Indian rupee settles 14 paise higher at 75.62 against US dollar

Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.

Flight operations to return to pre-COVID-19 levels by Diwali: Hardeep Singh Puri

Domestic flight operations resumed in a staggered manner after a gap of two months on May 25.

Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays

Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.

Wendt Consolidated March 2020 Net Sales at Rs 26.29 crore, down 28.87% Y-o-Y

Vodafone Idea not considering any proposal from Google

On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.

Softbank-Bharti JV in talks for $500-$750 million fundraise: Report

Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks

Sundaram-Clayton Ltd posts 23.43% rise in Q4 standalone net

The city-based TVS Group company had registered net profits at Rs 50.27 crore during corresponding quarter previous year.

Euro zone companies tap banks for cash to survive pandemic

Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.

COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas

In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore.

March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print

A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).

Gold price dips marginally to Rs 46,929, silver gains

The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.

Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc for delivery in June was trading lower by Rs 50 paise, or 0.32 percent, at Rs 157.45 per kg in 2,079 lots.

Silver rises on improved industrial demand outlook, rise in US-China tensions

In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.

Hold Dabur India; target of Rs 492: Arihant Capital

Arihant Capital recommended hold rating on Bajaj Auto with a target price of Rs 492 in its research report dated May 29, 2020.

Special scheme to help rural industrial units in Tamil Nadu launched

The scheme, which is part of the State Rural Transformation Project, would cover about 1.39 lakh beneficiaries of whom 31,952 would get a long-term loan of Rs 159.76 crore.

Wipro's new CEO: Can foreign executives succeed in Indian IT firms?

Wipro's peers TCS and HCL Tech have always placed faith in long-timers.

Stick or twist? Investors face coronavirus-induced property dilemma

Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.

PPE manufacturers complain about lack of clarity on standardisation guidelines

Hula Global, a Noida-based company which is into manufacturing and distribution of personal protection equipment, was counting on the huge windfall opportunity post-COVID-19 outbreak.

Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore

The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.

Reviving Jet Airways: Long list of suitors surprises. But the big question remains

The list includes a few known, and some unknown names, and even an airline

Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale

Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.

Government mulls further measures for NBFCs, markets: Report

At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.

IIFL Finance Consolidated March 2020 Net Sales at Rs 1,286.70 crore, down 7.93% Y-o-Y

Russia's Rosneft finds extended oil cuts painful: Sources

Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity.

Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points

Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.

RCF Q4 profit jumps nearly 3-fold at Rs 142 crore

Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year.

V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore

The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.

COVID-19 impact | Commercial real estate space take-up may shrink by 20-25%

A few companies, especially mid-sized and large firms, may even consider the subscription-based option of work from home wherein their long-term real estate needs would be optimised.

NCDC says Nigerians now selling COVID-19 test kits in black markets

Reports have indicated that Nigerians have started selling COVID-19 diagnostic test kits in black markets. The disclosure was made by Ihekweazu, the DG of NCDC.

COVID-19 test kits now being sold in black markets, NCDC raises alarm

abuja—Director-General of the Nigeria Centre for Disease Control, NCDC, Chikwe Ihekweazu, said yesterday Nigerians have started COVID-19

Business Poll Backfires, Shows Public Wants Less Immigration

A business-funded poll backfired by showing that 56 percent of swing voters favor President Trump's decision to curb legal immigration.

Brexit Boost: Nissan Backs Britain as It Pulls out of EU

Japanese carmaker Nissan has announced that it will retain its plant in Sunderland, England, but will be closing its factories in Spain.

U.S. Incomes Soared 10.5% in April and Saving Rate Hit Highest Level Ever

Government payments boosted income in April but Americans shut in their homes spent nearly $2 trillion less than they had a month earlier. | Economy

Americans Turned Less Gloomy About The Economy in May

Current conditions look better than they did a month ago but the outlook for the future is grimmer. |

Monica Crowley: House Bill Would Add Flexibility to Small Business Loans

Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy

Green Dot To Launch Mobile Banking For US Immigrants

Welcome Technologies is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services.

Mobile banking service for US immigrants launches

Welcome Technologies, an outfit that works to support immigrants to the US, has joined forces with Green Dot on a digital banking product.

₹32.86 crore allocated for horticulture farms in Virudhunagar

Drip and sprinkler irrigation facility to be provided under Central scheme

₹ 32.86 cr. allocated for works in horticulture farms

VirudhunagarVirudhunagar district administration has allocated ₹ 32.86 crore for providing drip irrigation, sprinkler irrigation and sub-surface water management scheme for 2020-21. In a statement, Co

Simon & Schuster names Jonathan Karp as new CEO

He replaces Carolyn Reidy, who died two weeks ago.

Reopen Koyambedu market with safety regulations in place, traders’ associations say

Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space

Rupee settles 14 paise higher at 75.62 against US dollar

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest

Foreign Direct Investment inflows into Tamil Nadu declined by 8.5% in 2019-20

A senior State government official however said it had been a good year for investments for Tamil Nadu

Citing loss, Tangedco wants Open Access consumers to pay additional surcharge

State electricity utility says it suffered a loss of ₹2,383 crore due to under-recovery

Sensex surges 224 points; Nifty tops 9,550-mark

Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets. After gyrating 656.72

The future of Indian retail post-Covid

After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game

Tiruvarur to get 405 solar-powered farm pumpsets

The Ministry of New and Renewable Energy has allocated 405 solar-powered farm pumpset connections to Tiruvarur district under the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PMKUSUM) Sc

‘Use CSR initiative to help needy people in Kollidam’

A public welfare organisation has approached the Nagapattinam district administration seeking utilisation of the CSR (Corporate Social Responsibility) funds of the Oil and Natural Gas Corporation for

Can’t stop fashion: on physical stores opening up and innovative strategies being adopted by brands

Manish Malhotra opens shop, and internationally, luxury majors get into gaming

Reopen Koyambedu market, other shops, traders urge govt.

Association says alternative site affected business, farmers’ livelihood

State allocates ₹ 160 crore for river linking project

It is for the final phase that may be completed by December-end

Mechanised boats to go for fishing on turn basis

THOOTHUKUDIAfter losing their livelihood for nearly 90 days – 25% of 2020 – the mechanised boat fishermen are gearing up to venture into the sea for fishing from June 1 onwards, but only on turn basis

State to take up NBFCs’ demand with Centre

Lukewarm response from banks to invest in bonds

Nascent Arabian Sea cyclone may delay monsoon

A strong system could delay onset over Kerala next week

Odisha unveils ₹17,000 cr livelihood package

Support for rural population up to March 2021

Desilting of Pallapalayam Raja Vaical begins

Work on desilting of the Pallapalayam Raja Vaical in Karur district has begun under the kudimarathu scheme. The work would be executed at an estimate of ₹43.50 lakh and would include construction of r

Sundaram Finance net at ₹131 crore

Sundaram Finance Ltd. (SFL) has registered a net profit of ₹130.89 crore for the fourth quarter ended March 2020. The firm had recorded a net profit of ₹675 crore a year earlier.The net profit of the

‘Air passenger demand to plummet 47% in 2020’

Revenues likely to fall $11 bn: IATA CEO

Telecom regulator moots national numbering plan

Recommends 11-digit mobile numbers, among other things

Sundaram Clayton profit surges 23.4%

Sundaram Clayton Ltd. (SCL) has reported a 23.43% increase in its standalone net profit for the fourth quarter ended March 2020 to ₹62.05 crore.During the year under review, the total income contracte

Sumantran joins IndiGo board

The board of directors of InterGlobe Aviation Ltd. (IndiGo) has appointed Venkataramani Sumantran as an independent director for a period of five years.Dr. Sumantran, with experience of over 35 year

Street vendors want to resume business

With their livelihood affected in the past two months due to the COVID-19 lockdown, street vendors in the Erode Corporation limits has urged the officials to permit them to resume their businesses. In

Nearly 40% of flyers at Chennai Airport opt for physical forms instead of Aarogya Setu app

The form asks for the passenger’s health status, recent travel history, destination and residential details.

Uber lays off more employees

Several employees at Uber’s Hyderabad offices have been laid off, as part of the company’s global job cuts.Employees from the Kondapur office said that the lay-offs started on Tuesday. An exact figure

Knowledge-based economy the way forward: CM

‘₹1,500-cr. K-Fon project to accelerate it’

₹300-cr. rural rejuvenation scheme launched

COVID-19 Assistance Package is part of a World Bank- assisted project

‘Didn’t cap N95 prices to prevent mass buying’

Centre files affidavit in High Court

CM writes to CEOs seeking investments

The Chief Minister has written to 13 chief executive officers, including Apple’s Tim Cook, Amazon’s Jeff Bezos, Samsung’s Kim Hyun Suk and HP’s Enrique, to consider investment in the State.He outlined

2 MW solar plant commissioned at INS Kalinga

It has an estimated life of 25 years

Locust surge may turn into global plague: expert

‘Swarms won’t overrun central India’

Private buses in Mangaluru to introduce Chalo Card

It gives passengers an option to pay travel fares through smart card

Sugar unit in Vizianagaram agrees to clear ryots’ dues within two months

Parvathipuram MLA, Collector take the initiative

Webinar focusses on post-COVID scenario

'Government should spend more on science and technology'

Thunderstorms bring relief from searing heat

Relief likely for two more days before temperature rises on June 2

Crematoriums in city increase capacity

Civic bodies here have increased the capacity to cremate bodies from about 45 per day to about 95 per day by allowing the use of wood pyres at five crematoriums, a senior SDMC official said on Friday.

‘Cut cigarette taxes to pre-GST levels’

This will help to bring market share of smuggled foreign brands: FAIFA

Do not shift shops: vegetable traders

Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.

Labour Ministry launches online skills training course

The Union Ministry of Labour and Employment said on Friday that it had started free online career skills training through its National Career Service project for job-seekers registered with it. The co

Oppo officially opens its Western Europe headquarters - Gizchina.com

Oppo officially opens its Western Europe headquarters. Oppo will deploy local teams on a market-by-market basis but maintain a centralized coordination

US layoffs climb to 41 million despite businesses reopening

WASHINGTON, DC, United States (AP) — An estimated 2.1 million Americans applied for...

US layoffs climb to 41 million, despite business reopenings

An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country

Samsung's global wearables shipments grew by 71% for the first quarter of 2020

The latest IDC report on the wearables market (for the first quarter of 2020 (1Q2020)) shows that its watch sector declined. However, this shortfall was addressed by gains made by the audio and band categories. Apple remained the #1 brand in terms of shipments, although Samsung posted the greatest year-on-year (YoY) growth.

Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers

After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.

Phoenix virtual activity platform for seniors wins $50,000 in GPEC pitch contest

A Phoenix company that focuses on keeping senior citizens active and connected as they age won a $50,000 grant provided by the Pakis Center for Business Philanthropy at the Arizona Community Foundation as part of a digital pitch competition hosted by the Greater Phoenix Economic Council.

Federal grant to help UArizona telehealth resource center assist communities

The Southwest center is one of 13 such centers around the country that provide help particularly for rural and underserved communities.

Pricey! Flagstaff home for sale for $2,800,000

Check out this castle-like Flagstaff home for sale for $2,800,000.

Surge in rats across UK as 45 per cent more of us call pest control

According to Rentokil Pest Control, there was a 79% increase in traffic to its “signs of rats” webpage in April

Pontardawe-based care recruitment company finds 100 extra staff in 10 weeks

One care manager stated that the without the National Bank of Medical & Care Professionals they would have been 'up a creek without a paddle'

B&M garden and DIY sales soar during lockdown

Dozens of discount stores closed during the coronavirus crisis have now reopened

Co-Op launches sizzling barbecue food range

Tuck into chicken wings, sausage swirls, burger patties and more

John Lewis announces huge clothing sale - with up to 50 per cent off

Make savings on shorts, T-shirts, summer dresses, tops, skirts and more

DFS reopens 88 more showrooms as lockdown rules ease

DFS reopening more branches - and with protective measures in place

The reason supermarkets are still running out of eggs

Shoppers are still struggling to get hold of eggs in Asda, Tesco, Sainsbury's, Morrisons and Aldi

Blockchain Firm BitClave Agrees To Pay Almost $30 Million Following SEC Charges

Blockchain-based company BitClave PTE Ltd. reached an agreement to settle all charges brought by the US Securities and Exchange Commission (SEC) and will

Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding

The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).

Extension plan for Wolverhampton record company premises

Music business boss applies to build summer house at Grade II listed property

Birmingham's Hippodrome theatre to remain closed until Autumn

The venue have postponed a raft of big hitting shows and said they are working with other bodies to introduce social distancing. The ticket sales dependent theatre also has no other source of revenue

Major shopping street in Worcester city centre set for revamp this summer with work lasting 12 weeks

Pump Street in the city centre is to get a make-over starting on June 22 - including new trees and new footpaths with different coloured and textured paving to make them safer for pedestrians

Covid-19 problem requires global solution: PM

Addressing a world event online, Imran shares his vision on possible ways to address debt issue, financial challenges facing developing countries.

Ruling on plea of sugar mill owned by Sharifs reserved

The plea pertains to the SECP's non registration of the mill's shares.

Fed's Mester says it's hard to imagine quick V-shaped recovery

Fed's Mester says it's hard to imagine quick V-shaped recovery

Fed's Mester: Hard to imagine a quick V-shaped recovery as consumers remain cautious

The Federal Reserve's actions so far improved the market liquidity and functioning, Cleveland Federal Reserve President Loretta Mester told Bloomberg

Sharks confirm signing of Bulls back Libbok

The Sharks have announced the signing of utility back Manie Libbok on a two-year deal.

Stormers confirm exit of 3 more players, Sharks sign Libbok

The loss of three young players isn't the kind of news Super Rugby Stormers fans want to hear, while Manie Libbok has decided to leave the Bulls.

Mandarin Oriental Taipei plans mass layoffs in June

Future of hotel in doubt, 39 hotel employees already sent home and 212 on list of next round of layoffs

China's global influence to rise post-pandemic: European scholars

German expert warns US withdrawal from WHO will hand over more power to China

Taiwan Railways, High Speed Rail services to allow food from June 1

Passengers can bring their own food, but dining services have yet to be resumed

Taiwan to raise smoking age to 20, tighten rules on vaping

Those making or importing banned tobacco products to face penalty of NT$50 million

Taiwan's Kinmen Airlines prepares for takeoff

Taiwanese business people in China have earmarked NT$5 billion to fund the new airline .Former councilor of Kinmen, Chen Tsang-Chiang (陳滄江), revealed his partners for establishing Kinmen Airlines on Friday (May 29); a group of Taiwanese businessmen in China have allegedly accumulated NT$ 5 billion ($166.61 million) for the new airline

Taiwan analog IC firms to post revenue growth in 2020

Taiwan-based analog IC suppliers, pinpointed as among the beneficiaries of US-China trade tensions, are expected to post impressive revenue results for 2020 despite coronavirus headwinds, according to industry sources.

TI remains top analog IC supplier

With analog sales of US$10.2 billion and a 19% market share, Texas Instruments held a firm grip on its position as the leading supplier of analog devices in 2019, according to IC Insights.

STSP-based Visionatics expands from AOI to biotech imaging, overcoming industry challenges

The biotechnology sector is seeing a surge of smart solutions that incorporate information communication technology (ICT) advances to enable biomedical devices to deliver higher precision. This has become a key development trend for the healthcare industry. Having long dedicated to ICT and biotech developments, Taiwan is among the world's leading nations for innovation and technology. If Taiwan can combine its strength in ICT and biotech, it will be able to create unique industry advantages. In view of this, the Taiwan government has been activ...

Taiwan 1Q20 economic growth rate estimated at 1.59%, says DGBAS

Taiwan's economic growth rate for the first quarter of 2020 is estimated at 1.59%, 0.05pp higher than the preliminary estimation of 1.54% made in April 2020 and the lowest quarterly level since the second quarter of 2016, according to the Directorate General of Budget, Accounting and Statistics (DGBAS) on May 28.

Simplo revenues to peak in 2Q20

Notebook battery specialist Simplo Technology expects its second-quarter 2020 revenues to hit the peak for the year, judging from its order visibility, according to company chairman Raymond Sung.

Advantech obtains rush orders for medical equipment

Advantech has recently received strong rush orders for computing devices used in medical equipment from China and the US in the wake of coronavirus pandemic, according to company chairman KC Liu.

Epistar 4Q20 operation may turn profitable, says president

Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.

China LED makers expanding mini/micro LED capacities

China-based major LED chip makers and packaging service providers, optimistic about demand for mini and micro LEDs, are currently pushing capacity expansions mainly for related applications, according to industry sources.

China Internet user base over 903 million at end of 1Q20, says CNNIC

The number of Internet users in China increased to an estimated 903.59 million at the end of the first quarter of 2020, according to the latest semiannual survey conducted by the China Internet Network Information Center (CNNIC).

FCCL maker Taiflex guardedly optimistic about 2H20

Flexible copper-clad laminate (FCCL) supplier Taiflex Scientific expects revenues for 2020 to grow slightly or at least stay flat compared to 2019 despite uncertainties in the second half of the year.

TAIRA, Mizuho Bank, StarFab to set up open innovation platform

Taiwan AI Robotics Accelerator (TAIRA) in Southern Taiwan Science Park (STSP), Japan-based Mizuho Bank and thematic incubation service provider StarFab Accelerator on May 28 signed a MoU for cooperation to set up an open accelerating platform for startup teams and businesses to develop innovative products or services, according to StarFab.

Chassis specialist Ju Teng upbeats about 3Q20 orders

Chassis maker Ju Teng International expects the prevailing robust demand from the notebook sector to last into the third quarter of 2020, having experienced strong order pull-ins from clients in the second quarter.

Foxsemicon to enjoy revenue growth in 2020

Semiconductor equipment maker Foxsemicon Integrated Technology, an affiliate of the Foxconn Group, is expected to post on-year revenue growth in 2020, according to industry sources.

East Tender expects increasing 5G optical filter shipments in 2H20

Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.

IPC maker DFI to deepen deployments in AIoT, 5G

IPC maker DFI, an affiliate of Qisda, saw its revenues for the first four months of the year shoot up 41.86% on year to NT$2.862 billion (US$95.40 million), the highest for the same period on record, and it will step up deployments in AIoT and 5G applications, according to company sources.

Highlights of the day: Several IT enterprises to enjoy robust 2H20

Despite the impact from the coronavirus pandemic, several IT enterprises are still having good visibility for the second half of 2020 with Nanya expecting to continue picking up in the third quarter because of demand from remote work and online studying. Meanwhile, Mitac is enjoying an ongoing ramp-up of , which are likely to last into the second half. , despite US' new trade ban on Huawei, still expects its performance to continue rising for the latter half of the year.

Azerbaijani Foreign Minister's Son Bought New York Properties Worth $4.2 Million

The son of Azerbaijan's foreign minister bought New York real estate worth more than $4.2 million in 2015. The details are contained in documents at the New York City finance department's office of the city register. They also show that the properties were purchased without a mortgage. The deals have raised questions about how the purchases were financed.

EU Releases 500 Million Euro Final Loan Tranche To Ukraine

The European Commission has approved the disbursement of the second and final 500 million-euro tranche of its macro-financial assistance to Ukraine.

U.S.-Funded Health Website 'Spreading Misinformation' About Coronavirus

The U.S. government is funding a health website in Armenia that has published misinformation about COVID-19, according to the British investigative online publication openDemocracy.

Highly-targeted attacks on industrial sector hide payload in images

Attackers looking to steal employee credentials from organizations tied to the industrial sector deployed highly-targeted operations that delivered malicious PowerShell scripts in images.

Kersia acquires Holchem to become Europe’s second biggest food safety company

Biosecurity and food safety company Kersia has acquired UK-based Holchem from Ecolab in a deal that will see it become Europe’s second largest food safety company.

Ecolab closes sale of Holchem Group to Kersia

Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,

Distressed retailer Party City seeks to cut debt with bond deal

Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.

The Daily Chase: GDP shrinks 7.2% in March; one-on-one with RBC's CEO

This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.

IMF warns stock investors to pay more attention to climate risks

Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.

U.S. consumer sentiment faltered in late May, outlook dimmed

U.S. consumer sentiment faltered in late May as Americans became increasingly pessimistic on the economic outlook even as business reopenings and benefit payments lifted spirits about the current situation.

Uber-Grubhub deal hinges on breakup fee after narrowing price gap

Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.

Sotheby's to sell US$60M Bacon painting in virtual auction

The auctioneer will be in an empty room in London, facing a bank of screens showing colleagues from around the world as they bid on behalf of clients remotely.

Pier 1's 'awful day' arrives with judge approving liquidation

The end is near for Pier 1 Imports Inc.

Lumber sees surprise win as shut-in Americans fix up their homes

Lumber futures are heading for their second-straight monthly gain at a time when gloom from the coronavirus pandemic was expected to curb demand.

The Week Ahead: Bank of Canada releases rate decision as Macklem takes charge

BNN Bloomberg sets up the week ahead with what investors need to know.

Chase Sapphire Reserve renewals will stay at $450 through the end of year

Heads up! We share savvy shopping and personal finance tips to put extra cash in your wallet. Android Central may receive a commission from The Points Guy Affiliate Network. Please note that the offers mentioned below are subject to change at any time and some may no longer be available. In the midst of the uncertainty caused by the novel coronavirus, Chase appears to want to keep its...

Chase adds limited-time Sapphire benefits to help grounded travelers

Heads up! We share savvy shopping and personal finance tips to put extra cash in your wallet. Android Central may receive a commission from The Points Guy Affiliate Network. Please note that the offers mentioned below are subject to change at any time and some may no longer be available. While some TPG readers are considering booking trips down the line — in some cases, even this...

Banditry: Nigeria's food production in jeopardy - El-Rufai

The Kaduna State governor, Mallam Nasir El-Rufai, has raised concerns that food production was in jeopardy as a result of the activities of bandits...

El-Rufai decries spate of banditry in Northwest

Gov. Nasir el-Rufai of Kaduna State has expressed grief over the high spate of banditry in the Northwest.........

Tyra Banks Responds To ‘America’s Next Top Model’ Controversies

Tyra Banks has responded to the viral criticism over old clips of her show, America’s Next Top Model. During an interview with ET, 46-year-old television host and model addressed the ...

Tyra Banks Shares Her Opinion On Her ‘America’s Next Top Model’ Backlash!

Tyra Banks has been getting a lot of backlash for her past on America's Next Top Model! While at the time, some of the things she did and said were

Nigeria: FG pushes conclusion of the electricity deal with Siemens

President Buhari has instructed commencement of the next phase of the Siemens contract to upgrade the dilapidated electricity supply industry in Nigeria.

Electricity: Buhari approves funding for first phase of Siemens power deal

Nigeria's electricity sector may soon receive a great boost as President Muhammadu Buhari has approved funding for the first phase of a deal with Siemens AG.

PIC willing to convert R90 billion of Eskom debt into equity

Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.

PIC wants Eskom bonds turned to equity

SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.

MASS Design Group outlines redesign strategies for restaurants following coronavirus

US architecture firm MASS Design Group has suggested that restaurants add barriers, remove bar seating and seek local produce sources to curtail infection and promote social distancing to allow patrons to safely eat out following the coronavirus lockdown.

Inside South Africa’s plan to regulate cryptocurrencies

The Interdepartmental Fintech Working Group has just released a draft of its policy position paper on crypto assets. Proposals aim to severely limit anonymous transactions in online.

SA’s plan to regulate cryptocurrency

Proposals aim to severely limit anonymous transactions in cyberspace.

Glasgow garage boss flogging cheeky ‘wee f*nny’ number plate – and it could be yours for £25,000

A GLASGOW garage boss is selling his prized W33 FNY number plate – and it could be yours for a cool £25,000. Matt Kandola has spent the last five years with the cheeky plate on his R35 Nissan…

Brewdog launches Barnard Castle Eye Test Hazy IPA

BREWDOG has announced the launch of Barnard Castle Eye Test IPA. The tongue-in-cheek beer has been produced following an overwhelming response to the beers proposed production over the Bank Holiday…

Teens face ‘mental scarring’ with long-term impact of coronavirus lockdown on Scots economy, experts warn

TEENS face being “scarred” by the long-term impact of lockdown on the Scots economy, MSPs have been warned. Experts say youngsters trying to get on the jobs market were among the most likely to be …

188,000-mile Lamborghini Huracan from Las Vegas rental fleet listed for sale

Las Vegas-based Royalty Exotic Cars is selling a Lamborghini Huracan with 188,000 miles on the odometer. It's an ex-rental car.

Coronavirus in Oklahoma: COVID-19 suffocates workers' ability to save for retirement

Not surprisingly, the coronavirus is suffocating many Americans’ ability to save for retirement, as millions are tapping their nest eggs to offset lost income and also contributing less to their 401(k)s or IRAs. More than 27% of those working or recently unemployed already have taken withdrawals from their retirement accounts. And atop the 25% of households who hadn’t been contributing before the pandemic, 18% now are contributing less. That’s according to a mid-May online survey of 1,326 U.S. adults conducted by YouGov for Bankrate.com. “The runaway culprit is loss of income, cited nearly twice as often as the next most common reason of keeping more cash on hand,” said Greg McBride, Bankrate chief financial

Coronavirus in Oklahoma: Initial unemployment claims decline for third week in a row

The numbers of Oklahomans who filed initial claims for unemployment insurance compensation last week fell slightly, compared to the week before. Numbers released Thursday by the U.S. Department of Labor and the Oklahoma Employment Security Commission reported 32,127 Oklahomans filed new claims on the system during the week ending May 23, compared to an adjusted count of 33,340 who filed new claims the week ending May 16. It shows initial claims counts have fallen in Oklahoma for each of the past three reporting periods. Data provided Thursday by the state agency shows more than 484,000 initial claims for compensation have been filed with the agency since the week that ended Feb. 29.

India's economic growth dips during coronavirus pandemic

NEW DELHI (AP) — India’s economy grew by 4.2% in the fiscal year that ended in March, down from 6.1% the previous year, the government said Friday, and is likely to contract this year because of the coronavirus pandemic.The growth dipped to 3.1% in January-March, the last quarter of the fiscal year, as the country began feeling the effect of the pandemic, the Ministry of Statistics and Program Implementation said.It said in a statement that the estimate may be revised as more data is gathered from businesses affected by a nationwide lockdown imposed on March 25 that is currently scheduled to end on Sunday. The government has not yet said whether it will be extended.The main opposition Congress party said that 4.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.5 cents on 122 million shares. B2Gold Corp. (TSX:BTO). Materials. Up 46 cents, or 6.45 per cent, to $7.59 on 72.6 million …

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.

Lush Is Slowly Reopening Its Stores Across the US, and We Can Smell the Good News From Here

Lush stores in the US and Canada are expected to reopen by early July, beginning with a phased rollout of contactless pickup.

Tourists could begin to return to Hawaii by late summer, economic report says | Honolulu Star-Advertiser

The latest economic projections from the University of Hawaii Economic Research Organization suggest it will take at least two years for the mainland economy to recover from the coronavirus pandemic, with tourists beginning to return to Hawaii in late July of this year.

Hawaii explores ‘travel bubble’ with Japan amid tourism collapse | Honolulu Star-Advertiser

A pilot “travel bubble” with Japan that allows for relaxed travel restrictions between the two destinations might be a way for Hawaii tourism to start coming back from the 99.5% plunge that it took in April.

American Savings Bank reopening 3 branches, extending hours at 12 others | Honolulu Star-Advertiser

American Savings Bank is reopening three branches and extending hours at 12 others that were all affected by the COVID-19 pandemic.

American Savings Bank reopening 3 branches, extending hours at 12 others | Honolulu Star-Advertiser

American Savings Bank is reopening three branches and extending hours at 12 others that were all affected by the COVID-19 pandemic.

On the Move: Honolulu Community Action Program Inc. | Honolulu Star-Advertiser

Spencer Lau Jr. has been hired by the Honolulu Community Action Program Inc. as director of finance. Lau joined HCAP in 2016 as a grants manager prior to in his most recent position as interim director of finance.

Editorial: Take hard look at Young Brothers plea for coronavirus relief aid | Honolulu Star-Advertiser

By the time much of Hawaii’s cargo reaches its final destination, Young Brothers LLC has touched it at some point. So alarm bells clanged loudly when the interisland shipper announced that the pandemic-related economic slump has pushed the company to the brink of its own shutdown.

Hawaiian Electric suspends rate increase due to COVID-19 pandemic | Honolulu Star-Advertiser

Hawaiian Electric announced Thursday that it will no longer seek an increase in its rates on Oahu, due to the hardship to customers presented by the coronavirus pandemic.

Cash-strapped hotel workers "having to use foodbanks"

Staff lose out after a mix-up excludes them from HMRC furlough scheme

Stirling area recycling centres to reopen next week with reduced capacity

Household waste and recycling centres at Polmaise and Callander are to reopen to residents from Monday, June 1.

McDonald's to re-open drive-thrus in Airdrie and Coatbridge

Fewer employees will be in kitchens and service areas to maintain social distancing rules

'McLovin it': McDonald's to reopen East Kilbride drive-thrus next week

The fast food favourite will announce which Golden Arches branch is reopening only on the morning that service is resuming in order to manage demand.

Developer behind Bertha Park project near Perth facing second planning refusal

The Elgin-based builder is seeking to revise its initial designs for the development so it can create 82 new properties in an area it currently has approval to build 68.

Union pressure forces Rolls-Royce to delay Inchinnan jobs axe bid

The company employs more than 1,300 at the Inchinnan factory, which manufactures compressor blades and seals for planes.

EOS completes acquisition of Audacy

Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.

SpaceX gets FAA approval for Starship flight tests

SpaceX has received an FAA license allowing the company to carry out suborbital flight tests of its Starship next-generation launch vehicle.

SES details LEO constellation and expanded MEO constellation to FCC

SES proposed a low Earth orbit constellation to the U.S. Federal Communications Commission that, if built, would make the company an operator of satellites in low, medium and geostationary orbits. 

Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale

Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business. 

DOJ sets new conditions for CPI’s acquisition of General Dynamics’ satellite antenna business

For the merger to go forward CPI must sell off its subsidiary ASC Signal Division.

Global coffee demand is expected to drop amid the coronavirus pandemic – which could be good news for Aussie cafes

A new report from agribusiness bank Rabobank estimates that global coffee demand will drop by one million 60kg bags in 2020 because of COVID-19’s impact on coffee consumption.

7 in 10 Australian businesses have seen revenue loss due to the coronavirus, according to new ABS figures

The coronavirus has had a massive impact on Australian businesses.

As Australia opens back up for businesses, jobseekers are once again searching for roles in hospitality and other hard-hit sectors

The Australian job market has just undergone what will go down as its strangest few months on record, as businesses begin reopening their doors.

Economy needs the support of PSBs, says Union Bank chief

The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d

Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief

The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »

There are kids and pets in the cockpit too

Some thoughts and ideas about being more energy efficient when working from home. Nothing to do with utilities.

Milestone for 4x4 drivers helping Devon's COVID-19 response

The group, DC4x4R have helped with nearly 200 deliveries of PPE, medicines, care boxes and various other tasks

Asia-Pacific Stocks Decline As China Passes Resolution on Hong Kong Security Bill

On Wall Street, major stock indexes suffered losses in overnight trading on Thursday, while the US economy gradually reopens from the coronavirus-induced lockdown.

UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds

The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...

'Biggest Blow Since World War II': Danish Economy Expects 5.3% Nosedive

In what has been described as a marathon with no single solution, the Danish economy is expeted to shrink by over $15 billion in the aftermath of the novel coronavirus...

Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market

The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...

India Rules Out Any Plan to Restrict Chinese Foreign Portfolio Investors

New Delhi (Sputnik): Border tension has been simmering between India and China after a skirmish between patrol parties in Ladakh's Galwan Valley sector earlier this...

Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says

MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...

UK Sought 'New Entrants' in 5G Networks Amid Huawei Approval, US-China Trade Tensions - Downing Street

The news comes after unconfirmed reports in UK media cited anonymous sources in Whitehall, who said the government may phase out the Chinese tech giant's role in...

Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says

Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...

Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11

MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...

China's Defenсe Ministry Urges US, Japan to Refrain From Arms Race in Space

BEIJING (Sputnik) - China is calling upon countries that have created space military units to prevent space from becoming a new international battleground, Chinese...

IMF Approves $732 Million to Help Bangladesh Address Effects of Coronavirus Measures on Economy

WASHINGTON (Sputnik) - The International Monetary Fund (IMF) said in a statement that it has approved a $732 million funding to help Bangladesh overcome the impact of...

Owner of Dublin restaurant and pub group ordered to pay ex-girlfriend €104,000 for unfair dismissal

In her hard-hitting ruling,WRCAdjudication OfficerNiamhO’Carroll Kelly found that theunnamed business owner 'took advantage of his personal relationship with the complainant in an attempt to force her out of the company so as to ensure minimal financial impact on the company'

Meat products sold in Ireland urgently recalled as they were processed in 'unapproved facility' in Co Westmeath

The public are being advised not to eat the food products

Ladakh standoff: IAF deploys Chinook heavy-lift choppers near China border

Given the treacherous terrains in the Northeast, particularly Arunachal Pradesh, the deployment of the Chinook helicopters is being seen as the capacity build-up and boosting of assets.

Nissan settles dispute with Tamil Nadu government over unpaid dues of Rs 5000 crore: Report

The Japanese auto major was to receive between Rs 1400 crore (USD 185 million) and Rs 1800 crore (USD 238 million) as per the settlement, said the report.

Can appreciate limits on airfares as it is a 'very very short term' measure: AirAsia India CEO

Domestic passenger services restarted after a gap of two months on Monday when 428 flights carried around 30,000 passengers to their destinations.

US: more than 40m job losses due to coronavirus

The number of Americans who lost their jobs in the past 10 weeks soared to more than 40 million, with unemployment claims continuing to rise, the Guardian writes. Earlier this month, department of labor reported that more than 20 million Americans lost th...

China's post-Covid 19 'techno-nationalist' industrial policy

While Covid-19 brings China one step closer to technology-perfected authoritarianism through improvised health apps and real-time surveillance, Europe is busy looking inward.

Vestager hits back at Lufthansa bailout criticism

Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.

Long Odds: China's bet on REITs draws skeptics

SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.

Argentina knocks back new debt proposal but says talks progressing

BUENOS AIRES — Argentina knocked back a new debt restructuring proposal from key creditor groups on Thursday as insufficient, but said the offer showed progress was being made toward striking a deal.

Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules

(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.

Argentina knocks back new debt proposal but says talks progressing

BUENOS AIRES — Argentina knocked back a new debt restructuring proposal from key creditor groups on Thursday as insufficient, but said the offer showed progress was being made toward striking a deal.

China cbank injects 670 bln yuan via reverse repos for week, rate unchanged

SHANGHAI — China’s central bank kept the interest rate on seven-day reverse repurchase agreements unchanged at 2.

Dollar bides time, yuan falls before Trump takes stage on China

TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.

Australian clothing retailer PAS Group enters voluntary administration

Australian clothing retailer PAS Group Ltd on Friday said it had entered voluntary administration to review its operations, citing the tough financial market conditions and the crisis caused by the coronavirus pandemic.

Reveal Group is First and Only Partner to Achieve Blue Prism "Double Platinum" Capability Certification

Company Sets New Standard for Intelligent Automation Delivery CapabilitiesNEW YORK & SYDNEY — Reveal Group, a global leader in Robotic Process Automation (RPA) and Intelligent Automation deployments, today announced that it has been recognized by Blue Prism (AIM: PRSM) as the first and only certified Double Platinum Capability and Delivery Provider in the world.

Vestager says she is not placing extra hurdles in way of Lufthansa bailout

BRUSSELS — EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa’s $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.

Italian BTP yields flatten after strong issuance

LONDON — Italian government bonds stabilized on Friday after a new issuance and as investors waited for a European Commission rescue plan to take form, with yields across the euro zone mostly neutral.

Southwest Airlines CEO sees low-fare environment when traffic returns

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

Wall St ends mostly higher as U.S.-China spat simmers

U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.

Inland diving centre and swimming lake near Bristol closes permanently

"It has always been a great pleasure to see you enjoying the site and we will miss you all"

Work at Backwell Croassroads on A370 to begin on Monday

The work to upgrade Backwell traffic lights is expected to take two weeks and cause delays for those using the A370

An emu is on the loose in the fields near Hartcliffe and no one knows why

It seems to be moving closer to the city

Eric Bloch estate insolvent: lawyer

A BULAWAYO lawyer has approached the High Court seeking a provisional order for liquidation of the estate of the late economist and former Reserve Bank of Zimbabwe (RBZ) adviser Dr Eric Walter Bloch. Mr Pineas Madzivire of Joel Pincus, Konson and Wolhuter Legal Practitioners, filed an application at the Bulawayo High Court seeking an order declaring H & E Bloch and Company Chartered Accountants insolvent in terms of section 48 0f the Administration of Estates Act as read with Section 4 of the Insolvency Act. The estate has no immovable assets. However, there is $78 000 which is an inheritance from his wife Baileh Thelma Bloch who is also late.

Eric Bloch estate insolvent, says lawyer

A BULAWAYO lawyer has approached the High Court seeking a provisional order for liquidation of the estate of the late economist and former Reserve Bank of Zimba...

New site is one-stop shop for B.C. workers, farmers, during pandemic

VICTORIA — The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic. A statement from the Ministry of. . .

New site is one-stop shop for B.C. workers, farmers, during pandemic

VICTORIA - The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pan

Gay weddings boost US economy by $3.8 billion since landmark ruling

Gay and lesbian weddings have boosted state and local economies by an estimated $3.8 billion since same-sex marriage was legalized nationwide in the United States in 2015, according to a study published on Thursday.

BI sees rupiah strengthening to pre-pandemic level as it intervenes in market

BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.

US taxpayers' virus relief went to firms that avoided taxes

Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.

BNI Syariah sees profit soar in Q1, chances to expand international banking services

BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter.

Krakatau Steel books first profit in eight years

The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.

Kalbe to start COVID-19 vaccine trial with S. Korean pharma firm

Publicly listed pharmaceutical company Kalbe Farma has signed an agreement with South Korea-based biotechnology firm Genexine Inc. to start a clinical trial of a COVID-19 candidate vaccine in Indonesia.

Vietnamese cops bust $2.6bn online gambling ring

Vietnamese police have smashed a massive online card ring with revenues estimated at $2.6 billion, the biggest ever bust of its kind in a country where most gambling is banned but remains rampant.

Indonesian telecom companies enjoy data traffic surge during Idul Fitri

Indosat Ooredoo, Telkomsel and XL Axiata each booked double-digit growth in data traffic over Idul Fitri as people connect with friends and family while forced to stay at home.

Nissan formally closes Indonesian factory

Automaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.

Anies appoints former Merpati Airlines CEO to helm Transjakarta

The former head of state-owned Merpati Nusantara Airlines is the new president of city-owned bus operator Transjakarta.

'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices

Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.

Musicians say breakdown with MSO management 'irreparable'

Players called for the organisation's chairman and managing director to resign in an increasingly public dispute.

Abbotsford Convent's historic laundry restored

The Magdalen Laundry at the Abbotsford Convent is layered in history.

Developer offers tenants half-price rent at prime site

Rents are being cut in half in a new office development just south of Sydney's CBD.

Adapt or perish: How indie bookshops thrived amid Australia's shutdown

In recent years indie bookshops have thrived where once chains failed, through personal service: but it was intimacy placed at at risk when the pandemic hit.

Equity market records N29bn loss

Johnson Okafor Trading activities on the floor of the Nigerian Stock Exchange fell by 0.22 per cent on Thursday to halt its gaining streak as market speculators began profit-taking. Consequently,...

CBN forecasts slower growth, reduces lending rate to 12.5%

Nike Popoola The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal sti...

Power distributors sue FG over business interference

Okechukwu Nnodim, Abuja Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power fi...

Price crash: NNPC targets $10 oil production cost

’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...

Lagos BRT increases fares by 50%

Samson Folarin Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 per cent. The compan...

Lagos BRT fares hike unnecessary, wicked —Commuters

Some commuters in Lagos State on Friday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operators of the Bus Rapid Transit in the state. The News Agen...

301 Chinese evacuated from Nigeria

Kayode Oyero At least 301 Chinese citizens have returned home from Nigeria, The PUNCH has learnt. The nationals were evacuated on Thursday night through the Murtala Muhammed International Air...

Mah Sing’s Q1 net profit falls to RM30.07m

KUALA LUMPUR, May 29 — Mah Sing Group Bhd’s net profit in the first quarter ended March 31, 2020 (Q1 2020) fell to RM30.07 million from RM55.01 million in the same period last year. Revenue declined to RM371.13 million from RM450.33 million previously. In a filing with Bursa Malaysia today, Mah...

Affin Bank’s net profit falls to RM123.5m in Q1

KUALA LUMPUR, May 29 — Affin Bank Bhd recorded a lower net profit of RM123.57 million in the first quarter ended March 31, 2020 (Q1 2020) from RM137.23 million in the same period last year. The decline was mainly due to additional allowance for credit impairment losses of RM117.1 million as...

FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes

LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...

Sterling rises 0.5pc versus weaker dollar, flat versus euro

LONDON, May 29 ― The pound rose around half a per cent against a weaker dollar yesterday, but was little changed against the euro, as Brexit-related risks and speculation about negative interest rates continue to limit the pound's gains. The safe-haven dollar fell to a near two-month low as...

European stocks rise for fourth day on healthcare bounce

FRANKFURT, May 29 ― European shares rose for a fourth straight session yesterday, as optimism over businesses returning to work and stimulus for the battered euro zone economy outweighed rising US-China tensions. The pan-European STOXX 600 index rose 1.6 per cent to hit an 11-week high, with...

Bursa Malaysia slightly lower in early trade

KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...

Pharma chiefs see coronavirus vaccine by year-end, but challenges 'daunting'

LONDON, May 29 — Pharmaceutical company executives said yesterday that one or several Covid-19 vaccines could begin rolling out before 2021, but warned the challenges would be “daunting” as it was estimated that 15 billion doses would be needed to halt the pandemic. Well over 100 labs around...

Ringgit opens higher against US dollar

KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...

Australia's New South Wales state warns of Covid-19 budget toll

SYDNEY, May 29 ― Australia's biggest state in economic terms said today the coronavirus pandemic could cost it as much A$20 billion (RM57.7 billion) in lost revenues over the next four years, underscoring the urgency to revive the country's stuttering economy. Releasing its first estimate of the...

World Bank suggests possible extra replenishment of IDA lending arm

WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...

7-Eleven books higher Q1 profit despite Covid-19 pandemic

KUALA LUMPUR, May 29 — Convenience store chain 7-Eleven Malaysia has reported higher sales for the first quarter of 2020 by RM619.3 million, or 6.1 per cent overall. Chief executive officer Colin Harvey said sales increased by RM35.6 million in the quarter, with the same-store sales up 1.9 per...

Sg Selisik water treatment plant still shut after diesel spill

KUALA LUMPUR, May 29 — The Sg Selisik Water Treatment Plant has not resumed operations as diesel contamination is still being detected in the raw water source with the eight affected areas in Hulu Selangor still experiencing unscheduled water supply interruption. Pengurusan Air Selangor Sdn Bhd...

Bursa Malaysia extends downtrend at mid-day

KUALA LUMPUR, May 29 ― Bursa Malaysia extended its earlier downtrend to end the morning session easier, echoing the weaker performance of regional peers, dampened by heightened concerns over the United States (US)-China tension. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...

Yen perks up, dollar sags as markets jittery before Trump speaks on China

TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...

Bursa Malaysia turns positive at mid-afternoon

KUALA LUMPUR, May 29 ― Bursa Malaysia reversed its earlier downtrend to stay in positive territory at mid-afternoon, thanks to gains in selected index-linked counters. Bucking the regional trend, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.27 points to 1,460.77 as at 3.06pm against...

Japan’s low unemployment rate conceals deeper labour market pain

TOKYO, May 29 — Japan’s labour market in April appeared to be weathering a severe slowdown in economic activity due to the coronavirus pandemic, but a closer look at official data released today revealed a less rosy picture. Japan’s jobless rate rose to 2.6 per cent in April from 2.5 per cent...

Hong Kong stocks end week with more losses

HONG KONG, May 29 — Hong Kong stocks finished with more losses today as traders nervously await Donald Trump’s news conference, in which he will set out the US response to China’s plans to impose a security law on the financial hub. The Hang Seng Index fell 0.74 per cent, or 171.29 points, to...

‘Almost entire’ economy could reopen before June 30 if infection rates remain low and stable, says Singapore minister

SINGAPORE, May 29 — If Covid-19 infection rates remain low and stable, the Government will decide by mid-June whether Singapore can move out of the first phase of reopening the economy, National Development Minister Lawrence Wong said today. While the first phase — which will start from June 2...

Socso says received 302,997 applications for Wage Subsidy Programme

KUALA KUMPUR, May 29 — The Social Security Organisation (Socso) has received 302,997 applications from employers involving 1.98 million workers for the Wage Subsidy Programme (PSU) from April 1 until May 27. Socso’s chief executive officer Datuk Seri Mohammed Azman Aziz Mohammed in a statement...

Malaysia’s Statistics Department foresees recession in the next four to six months

KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...

Sterling sinks to two-month low as Brexit fears loom

LONDON, May 29 — The pound fell to a two-month low against the euro today as Brexit talks and speculation about negative interest rates in Britain continue to weigh on sterling, which also fell against the dollar. Brexit talks about a trade deal with the European Union have not gone well, with...

Equities drop as Trump lines up China response

HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...

Eurozone inflation slumps to 0.1pc in May

BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...

Italy’s economy shrinks more than feared

MILAN, May 29 — Italy’s economy shrank 5.3 per cent in the first quarter, much worse than first thought, official data showed today, as the effects of a tough coronavirus lockdown began to be felt. The national statistics institute (ISTAT) said at the end of April it expected the economy to...

Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi

KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...

Hap Seng records higher earnings in Q1

KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...

Bursa bucks regional trend on economic recovery plan news

KUALA LUMPUR, May 29 — Bursa Malaysia bucked the regional trend to close higher today, thanks to buying support in index-linked counters and positive news on the government’s new economic recovery plan, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 15.75 points to end the...

MDEC: Online business set to stay post-Covid-19

KUALA LUMPUR, May 29 — Malaysia Digital Economy Corporation (MDEC) expects the change in behaviour of consumers and local traders from conventional method to online business concept will be maintained even after Covid-19 ends. Its chief executive officer, Surina Shukri, said the main players in...

World Bank lends Philippines US$500m to counter virus impact

MANILA, May 29 — The World Bank Group approved a US$500 million (RM2.2 billion) loan for the Philippines to help it cope with the economic impact of the novel coronavirus pandemic, the Bank said today. The Philippine government will begin easing from June 1 one of the world’s toughest and...

KL-Singapore High Speed Rail construction suspension extended beyond May 31

SINGAPORE, May 29 — The suspension of the construction of the 350-kilometre Kuala Lumpur-Singapore High Speed Rail (HSR) project may be extended beyond May 31, 2020. “Malaysia had asked to extend the suspension period to allow both sides to discuss the changes they have in mind. “We are...

Ringgit higher against US dollar on improved global sentiment

KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...

Portugal’s once-booming tourism collapses due to coronavirus

LISBON, May 29 — Portugal’s once-booming tourism sector collapsed in April as lockdowns to contain the spread of the coronavirus grounded flights and kept visitors from the country’s largest market Britain away. The National Statistics Institute (INE) said in its flash estimate today the...

Faster Malaysia-Singapore entry permit vetting during MCO with myPASS

JOHOR BARU, May 29 — The Malaysian Entry Permit Application System (myPASS), a new dedicated web-based application system, is expected to deliver faster and easier processing of entry permit applications by eligible travellers from Singapore to Malaysia during the movement control order (MCO). In...

CIMB appoints ex-PNB chief Abdul Rahman Ahmad as group CEO

KUALA LUMPUR, May 29 — CIMB Group Holdings Bhd has appointed Datuk Abdul Rahman Ahmad as its group chief executive officer/ executive director (CEO/ ED), as well as CEO/ED of CIMB Bank Bhd, effective June 10, 2020. In a filing with Bursa Malaysia today, CIMB Group said Abdul Rahman, who is...

Statistics Dept: Malaysia should redeploy its unemployed surplus labour to essential services industries

KUALA LUMPUR, May 29 — Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease’s infection rate. The Department of Statistics Malaysia...

Energy Commission to hold competitive bidding process for LSS photovoltaic plant development

PUTRAJAYA, May 29 — The Energy Commission (EC) will hold a competitive bidding process to select a company or a consortium for the development of a large-scale solar (LSS) photovoltaic (PV) power plant costing RM4 billion in Peninsular Malaysia with a target capacity of 1,000MWac. The EC, in a...

Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit

KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...

Peru secures US$11b credit line from IMF

WASHINGTON, May 29 — Peru has secured a two-year, US$11 billion (RM48 billion) credit line from the IMF as the South American nation battles the growing impact of the coronavirus pandemic. The Flexible Credit Line, which the IMF announced late yesterday, is a renewable funding mechanism granted...

Wall Street stocks mixed amid US-China tensions

NEW YORK, May 29 — Wall Street stocks were mixed early today amid rising US-China tensions as data showed a big drop in consumption spending in April but a rise in income boosted by government aid. About 25 minutes into trading, the Dow Jones Industrial Average stood at 25,345.84, down 0.2 per...

IOI Properties’ Q3 profit falls due to Covid-19 pandemic

KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...

MCMC warns businesses not to misuse personal data collected for Covid-19 contact tracing

KUALA LUMPUR, May 29 — All business premises allowed to operate during the Conditional movement control order (CMCO) must comply fully with the operating procedures with regards to the collection, processing and storing of personal data, as set by the Communications and Multimedia Ministry...

Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic

KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...

Malaysia 5.0 ― A National 4IR Policy ― Rais Hussin

MAY 30 ― “Between 400 million and 800 million individuals could be displaced by automation and need to find new jobs by 2030 around the world” ― McKinsey Global Institute Malaysia 5.0 outlines a problem-solving approach to society’s challenges and problems through the deployment and...

Reality for Malaysia’s university students: Online learning challenges, stress, workload; possible solutions for fully digital future until Dec

KUALA LUMPUR, May 30 — Universities in Malaysia may already have practised online learning for students before the Covid-19 pandemic struck as a supplement to lectures, but the government’s plans to completely do away with physical classes and go fully digital for lessons until the end of this...

Nippon Paint says its new VirusGuard+ paint can destroy human coronaviruses - here's what it actually does, Business Insider - Business Insider Singapore

Business Insider - Using copper ion technology, the paint can destroy viruses and bacteria on walls via "contact killing", Nippon Paint said.. Read more at businessinsider.sg

ACT govt rules out business loans and grants, hospitality package welcomed

Chief Minister Andrew Barr says assistance for other ailing sectors is being considered.

COVID-19 in live updates: India sees highest single day jump as cases cross 1.65 lakh; recovery rate hikes to 42.88%

Maharashtra has the highest number of cases with nearly 60,000 positive cases of infection and close to 2,000 deaths.

Sensex surges 224 points, Nifty reclaims 9,500-mark

Equity benchmark Sensex extended its gains further on Friday, surging 224 points while Nifty topped the 9,500-mark. 

India had started to see green shoots before coronavirus hit us: FM Nirmala Sitharaman

Indian economy grew at 3.1% in the last quarter of FY 2019-20.

New Zealand near eradication, but virus has grim global hold

In the U.S., the virus threw more than 2 million people out of work last week despite the gradual reopening of businesses, stoking fears the scourge is doing deep and potentially long-lasting damage to the world's largest economy.

East Midlands transport boss 90 to 100 percent confident initial tram extension phase will get green light

He was speaking today at the launch of the £2.7 billion project

Center Parcs issues reopening update and new social distancing guidance for guests

The holiday company has its HQ in Notts

Plans to turn Guildhall building in Nottingham city centre into multi-million pound luxury hotel unveiled

It is though the development will generate 250 jobs

As Jobs Vanish, Salaried Workers Become Gig Economy 'Partners' With Swiggy, Zomato And Amazon

With a recession on the horizon, workers are turning to the one sector that appears to pandemic proof: home delivery.

StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1

OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.

Statistics Canada expected to report GDP down nine per cent in March

Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.

Lego now gets its hands on the Lamborghini Sian FKP 37

The Lego Technic Lamborgini Sian FKP 37 will be one of the more expensive automotive sets from Lego yet, it goes on sale online on June 1 and will be available at retailers from August 1.

Can’t afford a real one? How about Lego’s RM1.6K Lamborghini Sian FKP 37 instead

For most of us, owning a Lamborghini—any Lamborghini—is a dream that’s destined to stay that way. The Sian FKP 37 was announced towards the tail-end of 2019, the first supercapacitor-based hybrid V12 from the Italian supercar makers, at a mouth-watering price of US$3.7 million (~RM16 million).

Coronavirus Impact: GDP growth lowest in 11 years

India's gross domestic product (GDP) grew at 3.1 per cent in the final quarter of financial year 2019-20, lowest in 44 quarters, according to the government data released on Friday. Overall growth for FY20 slumped to 4.2 per cent - lowest since FY09 when

Income tax dept revises Form 26AS; now includes real estate, share transaction details

It will also assist the taxpayers to identify and take corrective action, in case any incorrect information/ detail is reported in Form 26AS

Coronavirus crisis: Renault to lay off 150,000 employees globally

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

Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL

Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items

Capgemini's top executive Thierry Delaporte is new Wipro CEO

Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines

Share Market Update: Sensex ends 233 points higher, Nifty at 9,580; Wipro, BPCL, ONGC, Indian Oil top gainers

Stock Market LIVE Updates:

Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?

It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.

Coronavirus impact: Govt needs to act before COVID-19 slaughters the Rs 1 lakh crore Indian poultry industry

Poultry industry supports over 25 million farmers and employs over five million directly and indirectly in allied fields

Kia Motors to invest additional $54 million in Andhra plant despite COVID-19 pandemic

Kia had earlier said the company has a long-term commitment to the Indian market and invested USD 1.1 billion in the manufacturing plant at Anantapur

India's lockdown strictest; economic impact to be deeper than other countries: Jefferies

A US investment bank report says India's detection rates have also climbed lately and doubling rate has plateaued at ~13-day level; medical infra is now getting stretched in certain cities, with hospitals at 100 per cent plus capacity utilisation in Mumbai, says report

Novavax to buy Serum Institute plant to produce 1 billion COVID-19 vaccine doses

While experts have predicted that a shot will likely take 12-18 months to develop, vaccines are seen by world leaders as the only real way to restart their stalled economies after months of sweeping lockdown

No need to feel threatened by e-commerce firms: Goyal tells traders

Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders

Coronavirus effect: UK car production likely to drop to lowest level in decades

Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis

Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default

On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation

Coronavirus vaccine: Pfizer CEO claims COVID-19 medicine could be ready by October-end

American pharmaceutical giant Pfizer is conducting clinical trials with German firm BioNTech on several probable vaccines in Europe and the United States

Sensex, Nifty close higher for third straight session: Key factors behind the share market rally

Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks

India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis

India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)

Govt lowers GDP growth rates for Q1, Q2 and Q3 in revised data

GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier

Credit card, personal and MSME loans fall up to 10% during coronavirus lockdown

This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount

Hotels report 82% drop in occupancy; recovery unlikely before September

The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year

Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte

Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years

Soon Form 26AS to disclose more details from high-value deposits, expenditure to investments

Under the tax law, banks, mutual funds, companies and registrar, etc are supposed to furnish details of high value transactions

Biz EOD: India's GDP growth lower than 2009; core industries' output declines; credit card, MSME loans fall

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

GST collections down 70% in April

April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates

Printing machinery maker launches UV system to disinfect everything from keys to shoes, fish, vegetables and even malls

In the wake of COVID-19, the global UV disinfection equipment market is projected to grow from $2.9 billion in 2020 to $5.3 billion by 2025

Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches

Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]

Amid lockdown, BBMP nets Rs 1,028 crore in property tax

The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.

DH Toon | As coronavirus cases continue to surge, over 350 domestic flights in opertaion so far

367 domestic flights operated till 5 pm on Thursday; West Bengal airports to resume services A total of 367 domestic flights, carrying 30,136 passengers, operated throughout the country till 5 pm on

Nikkei dented by US-China tensions, but scores best month since 2015

Japanese stocks retreated from three-month highs on Friday as escalating US-China tensions over Hong Kong prompted investors to lock in profits, but easing coronavirus restrictions helped Nikkei mark

Sebi fines 2 persons in SpiceJet insider trading case

Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial

Locust invasions till July, may spare South India: Food and Agriculture Organisation

The Food and Agriculture Organisation has warned of successive locust invasions until July in Rajasthan with eastward surges as far as Bihar and Odisha. However, the FAO has said that the swarms were

Paytm moves HC claiming telecom companies not preventing phishing activity over their networks

One97 Communications Ltd, which runs the online payment platform Paytm, has moved the Delhi High Court alleging that telecom service providers are not blocking fraudsters who are defrauding its

Covid-19 Daily Update - May 29

Two days before Lockdown 4.0 is to end, Karnataka reports its highest single day spike with 248 cases.And in our series of conversations looking to the future, Shemin Joy speaks to Shruti Batra from Jagori about the impact of the pandemic on domestic workers.   Full text: Hello. This the daily Covid update from Deccan Herald. I’m Suraksha. On the bulletin today:  Karnataka records its highest single day spike with 248 new cases...the Union Home Ministry meets Chief Ministers to decide on Lockdown 5.0 and in our series of conversations looking to the future, we speak to Shruti Batra to understand the demands of domestic workers. But first, a look at the daily figures... At the time of this recording, India has over 85,000 active cases in the country and is headed towards 5000 deaths.  The sudden drop in the number of active cases from yesterday, is due to the discharge of nearly 8,500 people from various hospitals in Maharashtra. Details are awaited. --- Delhi reported its highest single day spike today, with…

Coronavirus lockdown: More government steps on way to help firms minimise job losses, salary cuts

The Centre may come up with more measures to help firms minimize job losses and salary cuts as prolonged lockdowns are making it difficult for businesses to keep workers on the roll and continue to pay them out of their own resources month after month. A direct cash transfer to poor and migrant labourers is also on the table but the Centre is collecting more data on that front.

ThePlace: Diriyah, a powerhouse of Saudi culture and commerce

Diriyah was the birthplace of the first Saudi state and, historically, a crossroads for pilgrims and traders. Nowadays, it is home to one of the Kingdom’s most ambitious heritage developments. Located on the outskirts of Riyadh, amid an oasis on the banks of Wadi Hanifa, Diriyah’s mud-brick walls once surrounded a thriving desert city that was a powerhouse of culture and

AI helped predict virus health care needs, says SEHA CFO

LONDON: Artificial intelligence (AI) and data have allowed health systems and governments to predict and ascertain coronavirus patient demand curves, as well as find out where and what type of capacity is needed, the group chief financial officer at the Abu Dhabi Health Services Co. (SEHA) said during a webinar on Friday. That enabled hospitals in Abu Dhabi to be equipped with