Renault to cut 15,000 jobs

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

Renault to cut 15,000 jobs

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

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

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

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

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

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

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

Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs

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

French carmaker Renault to cut 15,000 jobs worldwide

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

French carmaker Renault to cut 15,000 jobs worldwide

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

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

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

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

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

Renault to restructure factories, confirms 15,000 job cuts

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

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

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

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

Carmaker eyes production cuts after fall in demand during coronavirus crisis

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

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

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

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

Renault poised to announce 15,000 layoffs worldwide

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

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

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

Renault poised to announce 15,000 lay offs worldwide

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

Renault poised to announce 15,000 layoffs worldwide: union

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

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

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

Renault to cut 14,600 jobs worldwide and lower capacity

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

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

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

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

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

Renault to restructure French factories in bid to slash costs

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

Renault to restructure French factories in high-stakes reboot plan

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

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

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

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

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

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

He flew from Surrey to Wales and landed without permission.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Business Standard brings to you the top headlines of the day

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Coronavirus depresses U.S. consumer spending in April

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

Coronavirus depresses U.S. consumer spending in April

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

Coronavirus depresses US consumer spending in April

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

COVID-19 pandemic: US consumer spending tumble in April

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

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

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

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

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

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

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

Core sector output contracts by record 38.1 per cent in April

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

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

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

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

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

Output of eight infrastructure sectors contracts by 38.1% in April

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

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

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

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

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

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

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

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

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

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

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

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

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

India's Fiscal Deficit Widens To 4.59% Of GDP

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

French mortality rate in May below previous years despite epidemic

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

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

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

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

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

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

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

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

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

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

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

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

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

Hike in GST rates unlikely

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

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

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

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

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

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

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

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

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

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

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

Volkswagen invests €2b in Chinese electric vehicle sector

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

Volkswagen invests US$2.2b in Chinese electric vehicle sector

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Coronavirus-induced border bottlenecks slow food deliveries in East Africa

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

Coronavirus-induced border bottlenecks slow food deliveries in East Africa

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

Vodafone Idea dismisses report of Google buying stake

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

Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google

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

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

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

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

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

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

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

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

Decision to open shops in malls soon after taking into account health ministry's guidelines

Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.

Decision to open shops in malls soon after taking into account health ministry's guidelines

"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.​

Decision to open shops in malls soon after taking into account health ministry's guidelines

The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.

RBI imposes Rs 4 crore penalty on Citibank

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

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

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

RBI imposes monetary penalty on 4 banks

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

India quarterly growth worst in two decades as lockdown bites

MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...

India quarterly growth worst in two decades as lockdown bites

India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting

India quarterly growth worst in 2 decades as lockdown bites

India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020

Work from home is here to stay, but it may put younger workers at a disadvantage

Physical offices often serve as a key place for younger workers to socialize and network, but the post-pandemic workplace may be your laptop screen.

Household income surged in April despite the collapsing labor market

CARES Act benefits worked really well.

Kickstarter’s CEO on why he doesn’t think the company will only do crowdfunding forever

Exploring other business opportunities

CBS News President Susan Zirinsky Says Corporate Execs Have Discussed Pay Cut

The company, which underwent layoffs this week, has not yet docked executive pay, which has "upset" some network staffers.

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

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

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

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

IIT Project Helps Increase Dolphin Population In Odisha's Chilika Lake

A research project by the Indian Institute of Technology (IIT) Madras has helped Odisha's Chilika lake, Asia's largest brackish water body, in tripling the population of the Irrawaddy dolphins.

Irrawaddy Dolphin population triples in Odisha’s Chilika Lake! Here’s IIT Madras’ dredging methodology brought Dolphins back

The searchers conducted geotechnical, hydraulic and satellite imagery studies and developed a dredging methodology with minimum impact on the lake ecosystem.

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

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

Foreign Exchange Reserves Soar To Record High Of $490.04 Billion

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

Council may find it difficult to raise GST rates

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

Council may find it difficult to raise GST rates

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

Council may find it difficult to raise GST rates

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

GST Council may find it difficult to raise GST rates

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

India’s coronavirus death toll overtakes that of China

This is the first time that the single-day spike crossed the 7,000 mark.

India’s coronavirus death toll overtakes that of China

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

Coronavirus pandemic: India’s death toll overtakes that of China

The country has registered 175 deaths and a record 7,466 fresh coronavirus infection cases in the last 24 hrs till Friday 8 am, according to the Union Health Ministry.

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

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

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

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

Brazil’s Embraer drawing foreign interest after collapse of Boeing deal

China’s state-owned COMAC plane maker has voiced informal interest in co-operation with the world’s third-largest jet maker, sources said

Brazil’s Embraer draws foreign interest after Boeing rift, say sources

SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...

Magic Leap CEO Rony Abovitz is stepping down

Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.

Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down

Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…

Covid-19: Between six and 12 per childcare ‘pod’ when sector re-opens

Guidance on how childcare facilities will operate sent to providers in recent days

Global champagne sales fizzle amid coronavirus pandemic because people aren't celebrating

Now this is just cham-painful.

SpiceJet gets DGCA approval to conduct drone trials, plans delivery of essentials in remote areas

A SpiceXpress-led consortium had submitted a proposal to the regulator for conducting experimental Beyond Visual Line of Sight (BVLOS) operations of remotely piloted aircraft in response to a DGCA notice inviting Expression of Interest.

SpiceJet gets DGCA approval to conduct drone trials, will deliver essential goods in remote areas

Earlier this month, the Ministry of Civil Aviation granted exemptions to 13 consortia, to operate drones on an experimental basis.

SpiceJet Gets DGCA Approval To Conduct Drone Trials; To Be Used In Delivery Of Essential Supplies

Airline major SpiceJet plans to use drones for cost -effective delivery of medical, essential supplies and e-commerce. The airline company, the only one till now, has received approval from the Directorate General of Civil Aviation (DGCA) to conduct drone trials.

Amazon in talks for new 750-worker Dublin office despite virus

Amazon is in talks to rent an office block in Dublin with space for about 750 workers.

Amazon in talks for new office despite pandemic

Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.

Amazon in talks for new Dublin office even as virus hits

Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.

Preliminary agreement reached in Lufthansa bailout row: source

Preliminary agreement reached in Lufthansa bailout row: source

German official sees Lufthansa bailout in reach, demands fairness

The Berlin government is likely to reach a deal with Brussels on a US$10 billion government bailout of stricken airline Lufthansa , senior ...

Bank holiday weekend to see temperatures soar to 25C

The dry sunny weather is set to continue over the June bank holiday weekend, with temperatures forecast to hit 25C in some areas.

June Bank Holiday weekend 2020 weather forecast - Ireland to be roasted by scorching conditions as temperatures soar

Temperatures as high as 25 degrees predicted for the bank holiday weekend.

Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading

Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.

Bulk deals: BlackRock Advisors sells Karnataka Bank shares

Heres who bought and sold what in some of the key bulk deals of the day.

Delhi HC restrains Quikr, Olx from publishing ads related to Reliance, Jio

Defendant's web portal enables consumers to publish advertisements for selling and offering goods and services for a consideration

Delhi HC restrains Quikr, Olx from posting ads related to Reliance, Jio

IANS New Delhi The Delhi High Court has granted Reliance Industries Limited (RIL) an interim injunction against Quikr and OLX India and restrained them fr

Brazil GDP contracts 1.5pc in Q1 due to pandemic

RIO DE JANEIRO, May 29 — Brazil’s economy — Latin America’s largest — contracted by 1.5 per cent in the first quarter due to the shutdown triggered by the coronavirus pandemic, the government reported today. But the contraction reflects only the early effects of the pandemic because...

Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic

The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse

Latvian GDP contracted by 1.5% in first quarter

Data compiled by the Central Statistical Bureau (CSB) show that in the first quarter of 2020, compared to the first quarter of 2019, gross domestic product (GDP) decreased by 1.5 % (according to seasonally and calendar non-adjusted data).

'Sanitary brigades' for contact tracing, companies benefiting from Covid-19 and more

As France eases its coronavirus lockdown measures, FRANCE 24 brings you four reports on the consequences in Paris and around the country.

Satellite images show mid-May activity at Chinese base

Satellite images analysed by India Today's Open Source Intelligence Team (OSINT) show movement of large vehicles at the Chinese post in Aksai Chin, the part of Ladakh region occupied by Beijing since the 1962 conflict with India.

JPMorgan on Pace for Another Strong Quarter of Trading Revenue

The bank's investment banking head said trading revenue in Q2 could be 50% higher on a year-over-year basis.

Hertz Burns Carl Icahn in Bankruptcy

Even the best investors can make a bad move. Here's how much Carl Icahn lost on Hertz.

Coronavirus (Covid-19) vaccine latest update: Doubts over Moderna vaccine; no Indian jab in clinical trial stage yet

Coronavirus (Covid-19) vaccine latest update: Shares of Moderna Inc tumble over doubts over vaccine; Novavax Inc buys vaccine manufacturing plant from Serum Institute of India

Delhi govt converts five hotels into makeshift hospitals for Covid-19

Govt caps the price to be charged by the hotel for providing regular services like rooms, housekeeping, disinfection and food for the patients at ₹5,000 per day per person for five-star hotels

Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic

Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic.  The company an...

Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low

Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...

US stocks slide as traders await Trump's China news conference

US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...

Afterpay Launches Fund-raising Effort to Help Fashion Industry, Those in Need

The "buy now, pay later" provider said consumers can simply check a box on the app to donate a $1 to the program.

Vietnamese cops bust US$2.6 billion 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 ...

EU says conditions needed in Lufthansa bailout, seeks deal

The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%

Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore

COVID-19 restrictions eased: Visitors enjoy reopened Dubai beaches and parks

People step out with social distancing in mind as Dubai eases COVID-19 restrictions

3 Women In The Oil Industry On Life At Sea During The Coronavirus Pandemic

On April 20, the cost of oil fell below zero for the first time. Since then, barrel prices have risen, but the $2.47 trillion industry still expects to finish the year with 40% less revenue than 2019. What does this mean for the 151,000 Americans…

Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript

Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-

NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript

NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,

ReneSola Ltd (SOL) CEO Yumin Liu on Q1 2020 Results - Earnings Call Transcript

ReneSola Ltd (NYSE:SOL) Q1 2020 Earnings Conference Call May 29, 2020 08:30 AM ET Company Participants Gary Dvorchak - The Blueshirt Group Asia Yumin Liu - Chie

Hitachi Ltd (HTHIY) on Q4 2020 Results - Earnings Call Transcript

Hitachi Ltd (OTCPK:HTHIY) Q4 2020 Earnings Conference Call May 29, 2020, 02:30 ET Company Participants Yoshihiko Kawamura - Representative Executive Officer, SV

Williams-Sonoma, Inc. (WSM) CEO Laura Alber on Q1 2020 Results - Earnings Call Transcript

Williams-Sonoma, Inc. (NYSE:WSM) Q1 2020 Earnings Conference Call May 28, 2020 05:00 PM ET Company Participants Elise Wang - VP, IR Laura Alber - President and

Bears Trade By Day, Bulls By Night

Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn

GetSwift: A Smart Bet On The Post-Corona Delivery Revolution

GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin

Canadian Western Bank 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Canadian Western Bank in conjunction with their 2020 Q2 earnings call.

New York Community Bancorp: Nice Little Trade

While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State

Lyra Therapeutics: A Chance To Pick Up This ENT Play As It Plateaus Post-IPO

Lyra Therapeutics completed its IPO in late-April selling 3.5m shares at a price of $16 - the higher end of expectations - to raise $56m. The company is focused

Etsy: A Niche E-Commerce Poised For Growth

Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t

Rocket Internet SE (RCKZF) CFO Bettina Curtze Q1 2020 Results - Earnings Call Transcript

Rocket Internet SE (OTC:RCKZF) Q1 2020 Earnings Conference Call May 28, 2020 04:00 AM ET Corporate Participants Bettina Curtze - Senior Vice President of Financ

Exxon Mobil: Higher Oil Prices To Recover Share Price

Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec

Essential Properties: E-Commerce-Resistant Real Estate For The Long Term

Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo

PayPal: Shares Lack Further Upside At The Current Valuation

PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po

COVID-19 (Coronavirus) Plays To Benefit As Economies Reopen

Countries all over the world are now reopening their economies, a brief review. Country by country update on coronavirus statistics. Country ETFs, sector ETFs,

CIRCOR International, Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by CIRCOR International, Inc. in conjunction with their 2020 Q1 earnings call.

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.

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. 

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.

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

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.

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

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,

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...

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…

Hong Kong on borrowed time as China pushes for more control | Honolulu Star-Advertiser

BANGKOK >> Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status.

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.

FG to pay jobless youths N20,000 monthly to sweep markets, clear gutters

Eniola Akinkuotu, Abuja In a bid to curb the high rate of unemployment in the country, the Federal Government has rolled out a scheme which will see unemployed youths in rural areas earning N20,...

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...

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 […]

Burger King in Pride Park opens for drive-thru customers

A limited menu is on offer

Quarterly growth slides to 3.1 per cent, more pain feared

Worries centre around Covid surge, slow recovery

EPA orders Merck to address persistent problem of bad odours from east Cork plant

The State environmental watchdog has instructed a leading medical science and technology firm to take “significant action” to address the persistent problem of bad odours coming from its plant in east Cork.

Market watch: KSE-100 rises despite rupee depreciation

Benchm­ark index gains 235.81 points to settle at 33,931.23

Heatwave for Ireland as above average temperatures continue

The expected temperatures are much higher than the average at this time of the year, which lies between 61 and 64F, according to Met Éireann. 

Data cleanup, backlogged cases cause delay in DOH's coronavirus updates

The health department hires more data encoders to help catch up with the testing backlog. Its Central Visayas office stops providing daily updates.

Main Street’s Pandemic-Led Shift To Digital Innovation

With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.

Vancouver-based mobile ordering app offers alternative to 'exorbitant fees'

The same week Vancouver's mayor threatened to cap delivery service fees at 15 per cent, a local mobile app provider is reminding restaurant owners their standard fee is already a "reasonable" rate of five per cent.

India's economic growth dips during coronavirus pandemic

NEW DELHI — 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 …

EUR/GBP retreats from two-month highs, returns below 0.9000

The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at

EUR/GBP Price Analysis: Euro steadies above the 0.9000 figure vs. Pound

EUR/GBP refreshed the monthly tops while holding above the 0.9000 figure and its main SMAs on the four-hour chart. The buyers remain in charge as a daily close

AUD/USD retreats from 0.6680 as the markets await Trump’s conference on China

The Australian dollar has failed again to break the resistance level at 0.6680 and the pair has retreated to levels near 0.6600 as risk appetite plun

NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%

The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho

Powell speech: Evidence on whether negative rates work is mixed

The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese

EUR/USD: ECB and a packed US data could wane the optimism

EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re

Twin depression alert in Arabian Sea as monsoon draws closer

Low-pressure areas at both ends seen intensifying

Power Ministry prepares ₹3 lakh crore scheme for Discom reforms

The Ministry of Power has drawn up plans for a ₹3 lakh crore new scheme to improve the health of power distribution companies (Discoms). The old schemes of the Ministry will be amalgamated into this n

Q4 GDP reveals a sorry picture even before the onset of lockdown

With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far

Gujarat farmers rush for groundnut seeds as monsoon rains approach

Mills make a killing as seed prices jump in a short span

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

Telecom services unaffected by lockdown in May

‘Nearly 97 per cent of the 1.1 billion SIMs are pre-paid, and all of them are being recharged’

Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal

The first tranche of US$1.9 billion may be disbursed the following day.

Concern over worker safety grows

As employers fail to comply with Covid-19 regulations. From June 1 most of South Africa's industries can return to full operation.

Students Build Formula Car From Scratch in 7 Months for $13,000

From CAD to reality, students share how they built their formula car for India’s biggest formula competition.

‘Not an Asset Class’ Bitcoin Spiked by 100,000,000% Since 2011

Goldman Sachs is missing the fact that Bitcoin has provided an unprecedented 100,000,000% return on investment since 2011.

Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near

Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co

Travel industry using cleanliness, celebs to woo customers

NEW YORK/LONDON/BEIJING – Lysol is starring with celebrities and rock-bottom prices in the US$8 trillion (S$11.3t) global travel industry’s pitch to get people back on the road and in the air. What was scrubbed from view now leads marketing campaigns as cleanliness is...

COVID-19 Impact on Online Lending: Report

The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav

Winter Push For Visitors To Boost Whanganui Economy

A push to boost visitor numbers and consumer spend in Whanganui over winter is the objective for Whanganui & Partners’ latest tourism campaign.

Over $100,000 Goes To Support Whanganui Businesses Through COVID

Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.

Water And Wastewater Price Changes From 1 July 2020

Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.

Millennials All Over The Shop During Level 4 Lockdown

29 May 2020: Life under lockdown looked similar for most Kiwis, but the way we shopped at the supermarket divided the nation amongst old and young.

Buy Bed Bath & Beyond Stock Before Consumer Spending Surges

Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.

United Airlines Is a Little Bit Less Ugly

While UAL stock is less ugly today, that’s not enough of a reason to buy shares.

Keep It Simple and Avoid Exxon Mobil Stock

Higher oil prices may have investors considering buying Exxon Mobil stock. But, the murkiness surrounding demand makes the stock a poor bet.

Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen

Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.

IRCTC Latest News: TTEs Won't Wear Black Coats, Ties, Will Check Tickets Through Magnifying Glass

IRCTC Latest News: For the first time ever in its history of 167 years, the ticket checkers will not wear black coats and ties.

Coronavirus Update: How COVID-19 Reforms the Mobility Industry

The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.

Libertex Parent Pays €160,000 to Settle Violations with CySEC

The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.

Hospitality sector expects demand to pick by Q4 2020: Survey

Bombay HC refuses to stop online sale of liquor in Mumbai; forwards petition to BMC chief Iqbal Chahal  

Pre-monsoon works delay in Navi Mumbai, NMMC pushes the deadline for a week

10 Exercise Myths That Refuse To Die

Finding clear, definitive facts about healthy exercise can be difficult. The exercise industry is a multi-billion dollar business, built partially on selling gadgets and supplements to people desperate to lose weight or look attractive. Meanwhile, good workout plans and simple truths lurk in the background waiting for...

Tencent raises USD 6 bln in bond offering, pledges investment of USD 70 bln into cloud, AI, cybersecurity

China’s Tencent has raised USD 6 billion through a number of bond offerings, Reuters reported, calling it the largest debt deal by an Asian corporate this year. The notes will be issued on 3 June. About USD 1 billion was raised with 5-year notes, nearly USD 2.3 billion with 10-year notes, USD 2 billion with 30-year notes and USD 750 million with 40-year notes. The 40-year term is a first for the company. 

Chinese language exam for 50 Siberians will be held at TSU

Confucius Institute at Tomsk State University (CI TSU) together with the Ministry of Education of the People's Republic of China holds an international Chinese Proficiency Test (HSK) on Friday, May 29; for the first time it will be held online, reports the press service of the university.

Robotic Process Automation can help the public sector battle COVID-19

Teemu Vieruaho, Digital Workforce, discusses how Robotic Process Automation can help fight the public sector’s battle against COVID-19

Battle for hair and beauty industry gains traction

Carlo Viljoen is an advocate whose name has become synonymous with the plight of South Africa’s hair and beauty industries during lockdown.

Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?

China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.

RSK Blockchain Empowering the Social Impact Space

Although blockchain technology is consistently touted as a force to reckon with in the traditionally heavyweight industries including finance and banking, the technology’s peculiar characteristics such as immutability, and safety, among others, make it an ideal fit for the social impact sector. To date, several projects have leveraged distributed ledger technology (DLT) to transform the lives of billions of people the world over.

Mani Ratnam Decodes The Industry’s Situation Amid Lockdown & Has THIS Legit Solution To It, Read On

Just like every other sector, the entertainment business in India too has seen a downfall because of the ongoing lockdown. Its been more than two months since shooting of films, serials, and web ser

WTO’s ‘Crown Jewel’ Under Existential Crisis: Problem Explained

World Trade Organization (WTO) is an international body that acts as a watchdog keeping an eye on the rules of trade between nations. WTO came into operation in 1995 and was founded as a successor to the General Agreement on Tariffs and Trade (GATT), which was incorporated in 1948. It acts as a forum where […]

Barber Financial Group Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Barber Financial Group Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 322 shares of the e-commerce giant’s stock after buying an additional 48 shares during the period. Barber Financial Group Inc.’s holdings in Amazon.com were worth $627,000 […]

Aberdeen Wealth Management LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Aberdeen Wealth Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 257 shares of the e-commerce giant’s stock after buying an additional 13 shares during the period. Aberdeen Wealth Management LLC’s holdings in Amazon.com were worth $501,000 […]

Capital Advantage Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Advantage Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,442,000. Amazon.com accounts for 0.6% of Capital Advantage Inc.’s portfolio, […]

Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]

Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]

Citizens & Northern Corp Has $3.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Citizens & Northern Corp increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the e-commerce giant’s stock after purchasing an additional 79 shares during the quarter. Amazon.com makes up approximately 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its […]

Cambridge Investment Research Advisors Inc. Has $166.59 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cambridge Investment Research Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 85,442 shares of the e-commerce giant’s stock after buying an additional 6,025 shares during the period. Amazon.com makes up 1.6% of Cambridge Investment Research Advisors Inc.’s holdings, making […]

Moloney Securities Asset Management LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Moloney Securities Asset Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 46.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,879 shares of the e-commerce giant’s stock after acquiring an additional 593 shares during the period. Amazon.com makes up about […]

Fast-track construction of S.African hospital in response to COVID-19

In South Africa, the construction of a R3 billion hospital, originally scheduled for completion by November, has been fast-tracked to open by June.

Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies

IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, re

Tobacco farmers ask govt to shun policies aping West

IANS New Delhi The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing farmers and farm workers of commercial crop

India’s housing sector facing its worst-ever crisis: CREDAI

IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis

Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate

MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]

Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH

The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis

Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]

BP licenses PTA technology to Weilian Chemical

BP plc (London, U.K.) has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to C

Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford

Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company

Big tobacco heads to court over sale ban, Denel sags under pandemic pressure and Level 3 conundrum for childcare

On Friday, two major tobacco manufacturers announced they would be heading to court to challenge the ban on the sale of tobacco products. Denel has blamed the pandemic for its failure to pay employees, while national sports federations scratch their heads as to who will be allowed to play from 1 June. Meanwhile, there is angst about who will look after small children when parents return to work and childcare centres remain shuttered.

South Africa’s 24 hour trend report – 28 May 2020

This is a summary of trending, highest-impact and most active themes and narratives related to social cohesion and division in South African public-domain social media conversations on 28 May 2020.