Economy 1234
NNPC has 6,621 staff strength – Report
The Nigerian National Petroleum Corporation (NNPC) says it currently has 6,621 staff strength both at its headquarters and across all its subsidiaries
Ontario used auto dealers expect tough year ahead, prices already down
TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.
The Week Ahead, S&P 500 Futures Are Up +1% And Poised To Reach 3,000
If after reading this article you conclude that I haven't gotten over the short shrift stocks gave the China-US rift last week, you'd be right. The futures for
Last Chance To Board The Microsoft Train
Microsoft trades near all-time highs and this may have investors wondering if the stock is still a good buy. Through our DCF valuation, we propose two scenarios
Sterling Bank offers to partner with Cynthia Morgan — amid feud with Jude Okoye
Sterling Bank Plc has offered to partner with Cynthia Morgan, Nigerian singer, for its 'One Bank' campaign.The bank took to its social media page on Monday
Here’s the key to constructing a portfolio for what comes next
Nobody has a clue about what lies ahead, and that won’t change until we get a better sense of how the novel coronavirus will proceed from here, but a few assumptions will put things into perspective
State aid should be reviewed 'to help EU compete with US & China'
It comes after the German government and flagship carrier Lufthansa reportedly reached an agreement on state aid worth €9 billion.
Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt
Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices
Toronto stock market rally led by cannabis while U.S. stock markets closed
TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Grocery and grain market in APMC reopens
Pune district sees highest single-day surge of more than 450 cases
Last-minute cancellations cause chaos as air travel resumes
India Business News: Domestic air travel had a bumpy take-off on its comeback on Monday after two months of being grounded, thanks to an already sanitised first-day sched
Belmont introduces open street dining to help downtown restaurants
The city set up chairs and tables for some social distancing dining, right there on the asphalt, to support nearby restaurants and shops.
Lotte resumes tender offer to buy more PCPPI shares
Lotte Chilsung Beverage Co. Ltd. of South Korea resumed its tender offer to acquire additional shares in soft drink manufacturer Pepsi-Cola Products Philippines Inc. after filing an updated valuation and fairness opinion with the Securities and Exchange Commission.
NZD/USD is perched on a fragile branch, struggles to break higher
NZD/USD is trading at 0.6100, +.01% on the day as we head into the early Asian open. The pair has traded between a range of 0.6083 and 0.6108 on what
Air Canada, Transat deal faces intense EU antitrust scrutiny
BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
No mask, no service? Businesses have the right to require masks on customers
TORONTO — If you were hoping to get out of putting on a face mask to visit stores and other businesses demanding customers wear one, think again.
Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline
Ethereum's poor performance against BTC has spilled over into its USD pair as well, causing it to flash some notable signs of weakness.
Interpol notice against Nirav Modi's brother put up for public viewing again
The Interpol has placed the Red Corner Notice against fugitive diamantaire Nirav Modi's brother Nehal in public view again, after he recently lost an appeal against its issuance by the international
Brazil turns to multilateral lenders in coronavirus crisis
BRASILIA — Brazil’s government hopes to borrow $4 billion from multilateral lending organizations to finance expenses related to the coronavirus crisis, including emergency supplementary payments and other social support programs.
What lockdown looked like in Wales on Bank Holiday Monday
The majority of people were confined to their gardens due to the coronavirus lockdown
German government takes 20% stake in $10B Lufthansa bailout
May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.
HSBC board rethinks overhaul and seeks even sharper cuts
More drastic action sought three months after unveiling plan to slash 35,000 jobs and $4.5bn of costs
Why are Holly Willoughby and Phillip Schofield not presenting This Morning?
ITV viewers may be wondering where the hosts are as they are replaced
Indian Gives Cold Bath to Venomous King Cobra to Beat the Heat – Video
Not only humans, even reptiles are bearing the brunt of the extremely hot climate in parts of India. A video of a man showering a cobra, a highly poisonous snake, has...
JobKeeper to be reviewed – but Treasurer rules out expansion
The Treasurer has hinted there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered.
Iran’s Oil Minister: Demand for oil is ‘very vague’
The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are
At least 23 million migrants are returning to India’s villages. Can the rural economy keep up?
The country’s villages are already grappling with hidden unemployment.
Argos online bank holiday sales: today's best home, garden and tech deals
We're bringing you all the very best Argos online bank holiday sales, deals, discounts and much, much more.
Liberal senator files defamation suit over Twitter troll account
Victorian senator Sarah Henderson has filed defamation proceedings against a former Geelong councillor who denies any link to an anonymous Twitter account.
Bayer says it makes progress in settlement talks over weedkiller
FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.
View: China's crypto is all about tracing — and power
Digital yuan trials are taking place just as Covid deepens mistrust with the US.
Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.
COVID-19 Delivers Unprecedented Hit To Kiwis’ Financial Resilience
The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing.
Virtual Reserve Bank cash cut lowers rates
A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.
Mumbai heads for highest number of daily new Covid-19 cases for any city in the world
With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl. Compared to
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Eir sells its towers for €300m
Eir, the country’s largest telecoms provider, has sold its tower infrastructure company to Phoenix Tower International for €300m.
Tasty pursuits! What consumers are turning to when restaurants are shut
The demand for snack items is up, but can manufacturers keep up?
German economy starting to see light at end of tunnel - Ifo economist
BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.
16 persons in Udupi district test positive for COVID-19
Eight of them are in the age group of 3-11 years
‘It’s very worrying’: Jobs axed and fears for tourism industry in Perthshire town as hotel permanently closes
The closure of a landmark Perthshire hotel has sparked fears for the local economy as the coronavirus lockdown takes its toll on tourism in the area.
GBP/USD: Bad news on all fronts – Rabobank
Sterling is facing pressure on a variety of fronts. The prospect of more monetary policy stimulus, a deep recession and political uncertainty is set t
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Rental market hit by student exodus: Gurner
Tim Gurner says the treatment of foreign students by state and federal governments 'was incredibly poor' and its impact on the rental market will be huge.
Samsung sends 300 additional workers to expand its chip unit in China
The South Korean tech giant, Samsung, has sent an additional 300 workers to China for the expansion of its chip unit in the region. These workers will aid in the completion of the second chip manufacturing site in the country, despite the ongoing Coronavirus pandemic. Previously, Samsung Electronics had already sent 200 engineers to the …
Walmart - Impressive, But Not Impressive Enough
Walmart has seen specular first quarter numbers, but more so in terms of sales than actual profits. E-commerce sales grow rapidly, yet this same trend, stores d
Brand loyalty no more? Regional brands take larger pie in times of Covid
Local products gain market share as bigger FMCG companies struggle with supply chain issues
Hong Kong Exports Tumble in April as Virus Disrupts Commerce
Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.
Coronavirus crisis: All that's bad about a 'Bad Bank'
The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better
Germany approves 9 billion euro aid package for Lufthansa
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...
Fitch sticks to AAA credit downgrade warning
Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.
Mumbai heads for highest number of daily new Covid-19 cases for any city in the world
With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.
Bajaj CT 100 BS6 and Bajaj Platina 100 BS6 are among the Affordable Bikes in the Indian Market -
Due to the lockdown people didn’t buy the bikes last month, but if you are thinking of buying a new
Alligator rumored to have been Hitler's dies in Moscow
An alligator rumored to have once belonged to Adolf Hitler has died in the Moscow Zoo. The animal was 84 years old.
Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days
Trade body advises members to only export to countries which have announced stimulus
Millions of kids in Australia return to schools as COVID-19 numbers fall
Queensland Premier Annastacia Palaszczuk said on Monday students and teachers had to observe one key message: Stay home if sick.
Organization Russian Grand Prix wants to organize first race with public
After Japan, Russia is now also letting us know that it would like to organize a Grand Prix with an audience. Where the first races in Europe are still without an audience, Russia wants to organize a race with an audience.
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal
Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19
Gold trades with modest losses, holds above $1722 support zone
Gold met with some fresh supply on Monday, albeit lacked any strong follow-through selling and was last seen trading with only modest losses, just bel
Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services
The airline owes more than Rs 8,000 crore to banks. The once-storied full service carrier is undergoing insolvency process and … Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services Read More »
Gold Coast hotels fear $6b wipeout
The iconic Sheraton Grand Mirage Resort Gold Coast hotel is one of thousands of hotels hoping interstate travel will soon be possible.
Malaysia Productivity Corp urges regulators to utilise Unified Public Consultation portal during CMCO
KUALA LUMPUR, May 25 — Malaysia Productivity Corporation (MPC) is urging all government ministries and agencies to utilise the Unified Public Consultation (UPC) portal to continue to maintain their stakeholder engagements especially during the conditional movement control order (CMCO) period....
German IFO’s Economist: Economy sees light at the end of the tunnel
Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad
Nigeria’s GDP expands by 1.87% amid global challenges
The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019
FinTechs Help Main Street Find Its Footing
Social distancing and changes in consumer habits have SMBs investing in FinTech and embracing business model flexibility to preserve revenues.
Liberal senator files defamation suit over Twitter troll account
Victorian senator Sarah Henderson has filed defamation proceedings against a former Geelong councillor who denies any link to an anonymous Twitter account.
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Four ways to create more diversified and resilient portfolios
Those who use an array of strategies will be more prepared for whatever the future holds as we emerge from COVID-19
'We are all connected, even if we make our fake borders': Abhay Deol on coronavirus pandemic
Abhay further added that it would take a while for everything to go back to normal.
Wanted Saudi nat’l barred from leaving
AN overstaying Saudi Arabian national wanted by authorities in his country for fraud and embezzlement was barred by the Bureau of Immigration (BI) officers at the Ninoy Aquino International Airport (NAIA) from leaving the country.
Liberal senator files defamation suit over Twitter troll account
Victorian senator Sarah Henderson has filed defamation proceedings against a former Geelong councillor who denies any link to an anonymous Twitter account.
EUR/USD: Geopoliticals risks can send the euro down
EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam
The social enterprise at work: Paradox as a path forward
Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years With COVID-19 creating urgency around workforce reinvention, it’s clear that while organizations have doubled down on investments in technology over the past decade, many have […]
Slump in consumption, exports push Germany into recession in Q1
A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.
How The Stage Was Set For The Pandemic’s Great Digital Shift
The pandemic has spurred a great shift to digital, but the foundation was already in place, underpinning consumer behaviors that seem poised for permanence.
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
GBP/USD: Falling this year before a very modest rebound in 2021 – HSBC
GBP is particularly vulnerable in a world driven by fiscal dynamics. The UK's status as a foreign debtor and the resurfacing of Brexit create further
Laptop imports from China surge during shutdown
Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.
Asian shares tick up, eyes on China-US trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...
LETTER: We need more time to negotiate with EU
A reader shares their thoughts on extending the time to negotiate with the EU.
WTI consolidates the bounce above $33 mark amid intensifying US-China tensions
WTI (July futures on Nymex) is defending minor bids on the 33 level after having failed several attempts to take out stiff resistances aligned near th
AUD/NZD: The key 1.10 resistance looms on the horizon – Westpac
The AUD/NZD recovery is backed by Australia’s stronger external position. Economists at Westpac Institutional believes a test of the 1.10 key resistan
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Coronavirus impact: Tata Group top rung to take 20% pay cut
Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company
Pay rifts, a partner divide, and a threat at the Ritz Carlton: 50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Business Insider - Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.. Read more at businessinsider.sg
EU must present united front to shield pandemic-hit banks: regulator
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority
Subsidy for scooter scheme released
A sum of ₹8.88 crore has been released as subsidy for purchase of scooters for women under Amma scheme in Tiruvarur district.Disclosing this while handing over the keys to 216 beneficiaries at the Dis
Australian economy must come off Covid-19 ‘life support’, PM to say
SYDNEY, May 25 — Australia’s economy must not become reliant on government stimulus, Prime Minister Scott Morrison will say tomorrow, as Canberra unwinds state support and accelerates plans to spur growth. Australia has reported just over 7,100 Covid-19 infections, including 102 deaths. That is...
USD/JPY Price Analysis: Sticks to modest gains near 50-day SMA, around 107.70 region
The USD/JPY pair held on its modest daily gains through the early North American session and was last seen trading near the top end of its daily tradi
Italy to recruit 60,000 volunteers as social distancing monitors
Italy is planning to send out into the streets some 60,000 volunteers to tell people to keep respecting social distancing rules in the
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.
Premier Ford to make announcement today alongside Ontario’s associate minister of small business
Premier Doug Ford will be making an announcement in Toronto this afternoon alongside Ontario’s associate minister of small business and red tape reduction.
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strang
Rhumbline Advisers Increases Stock Position in Fox Corp (NASDAQ:FOX)
Rhumbline Advisers boosted its stake in shares of Fox Corp (NASDAQ:FOX) by 9.8% in the first quarter, HoldingsChannel.com reports. The fund owned 264,628 shares of the company’s stock after purchasing an additional 23,633 shares during the period. Rhumbline Advisers’ holdings in FOX were worth $6,055,000 at the end of the most recent reporting period. Other […]
Neobank N26 Executive Predicts there will be As Many Digital Bank Accounts as Traditional Ones, but Global Fintech Reports Suggest Otherwise
Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger t
German gov't to climb aboard at Lufthansa in virus rescue
(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.
Mackay Shields LLC Invests $1.78 Million in Axon Enterprise Inc (NASDAQ:AAXN)
Mackay Shields LLC acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the first quarter, Holdings Channel.com reports. The fund acquired 25,200 shares of the industrial products company’s stock, valued at approximately $1,784,000. A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. Wealth Quarterback LLC […]
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
A massive transformation is taking place at elite litigation powerhouse Boies Schiller Flexner.
Bank of Israel leaves rates unchanged, sees less economic damage in 2020
JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.
Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.
Drones come to rescue as Covid-19 pins down Irish service sector
News News: DUBLIN: Manna Aera, an Irish drone company, has come to the rescue of countless people as the delivery sector is still down in Ireland due to Covid-19.
Businesses changing restrooms as they move to reopen
Businesses are now having to consider how they’ll need to change up their restrooms as they move to reopen amid the coronavirus pandemic.
AE Wealth Management LLC Raises Holdings in Axon Enterprise Inc (NASDAQ:AAXN)
AE Wealth Management LLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,137 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. AE Wealth Management LLC’s holdings in […]
Spoilers: Shaun's alive as Claudia escapes with Elly's baby in Neighbours
It's Shaun of the dead!
Oppenheimer Asset Management Inc. Has $831,000 Stake in Spirit Realty Capital Inc (NYSE:SRC)
Oppenheimer Asset Management Inc. raised its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 56.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,797 shares of the real estate investment trust’s stock after purchasing an additional 11,473 shares during the period. Oppenheimer Asset Management […]
Alligator rumored to have been Hitler's dies in Moscow
An alligator rumored to have once belonged to Adolf Hitler has died in the Moscow Zoo. The animal was 84 years old.
Jobless benefit requests by Portugal's young spike 52% during pandemic
LISBON (Reuters) - The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday
An expedition will recover the Titanic’s telegraph — the radio it used to call for help as it sank. Here’s how it’ll work.
A federal judge ruled this week that a salvage company can go forward with a plan to recover the telegraph that the Titanic used to send out distress calls as it sank.
RBI And MPC Should Junk Monetary Policy Calendar In Times Of Covid-19, Act Preemptively To Avert Crisis
The problem is not what the RBI will or will not do, but it is more to do with the timing.
Ikea introduces new shopping rules as 19 stores reopen to the public
The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach
Oppenheimer Asset Management Inc. Has $716,000 Stock Position in Texas Roadhouse Inc (NASDAQ:TXRH)
Oppenheimer Asset Management Inc. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 14.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,340 shares of the restaurant operator’s stock after purchasing an additional 2,163 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Roadhouse were worth $716,000 as of its […]
Coronavirus: Weston General Hospital halts admissions
Weston General Hospital has a high number of Covid-19 cases and has temporarily stopped accepting new patients.
Aigen Investment Management LP Sells 75,814 Shares of Marathon Oil Co. (NYSE:MRO)
Aigen Investment Management LP trimmed its position in Marathon Oil Co. (NYSE:MRO) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,780 shares of the oil and gas producer’s stock after selling 75,814 shares during the period. Aigen […]
Hospitals flush with cash got billions in coronavirus bailouts
The feds have given more than $5 billion in grants to 20 big hospital chains that already had more than $108 billion in cash.
6,668 Shares in AmerisourceBergen Corp. (NYSE:ABC) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC purchased a new stake in AmerisourceBergen Corp. (NYSE:ABC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,668 shares of the company’s stock, valued at approximately $590,000. Other hedge funds also recently added to or reduced their stakes in […]
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
NAB's rod for its own back
NAB will reveal the results of a share purchase plan that might be heavily oversubscribed on Wednesday.
An expedition will recover the Titanic's telegraph — the radio it used to call for help as it sank. Here's how it'll work.
A specially designed robot is set to enter the Titanic's Marconi suite, where operators issued the sinking ship's last distress call.
An expedition will recover the Titanic's telegraph — the radio it used to call for help as it sank. Here's how it'll work., Business Insider - Business Insider Singapore
Business Insider - A specially designed robot is set to enter the Titanic's Marconi suite, where operators issued the sinking ship's last distress call.. Read more at businessinsider.sg
Italy to recruit 60,000 volunteers as social distancing monitors
Italy is planning to send out into the streets some 60,000 volunteers to tell people to keep respecting social distancing rules in the country’s...
Beaches packed on sunny Bank Holiday Monday
Large crowds of people have gathered again on beaches up and down the UK.
Covid-19: FSSAI extends deadline for compliance norms for traditional sweets
In a relief for traditional sweet makers, the Food Safety and Standards Authority of India (FSSAI) has decided to extend the deadline for enforcement of certain mandatory compliance norms for non-pack
Alligator rumored to have been Hitler's dies in Moscow
An alligator rumored to have once belonged to Adolf Hitler has died in the Moscow Zoo. The animal was 84 years old.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....
Mixed Bag Of Weather For The Coming Days
MetService is forecasting unsettled weather for many as several fronts affect the country over the next few days.
EU must present united front to shield pandemic-hit banks: regulator
FRANKFURT (Reuters) - European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.
Realme 10000mAh Power Bank 2 with 18W two-way fast charging launched
Realme held a launch event today in India where the much-touted Realme Smart TV was launched alongside the Buds Air Neo TWS earbuds and the Realme Watch, the brand’s first smartwatch. The Chinese brand also announced a new Realme Power Bank 2 with a 10000mAh high-density Lithium polymer battery which the company claims has less …
Central Bank warns people of four unauthorised financial firms in operation
The Central Bank says Aran Asset Management, MSIM Fund Management, and CMS ICAV have cloned the details of already existing firms.
Bars, gyms reopen as Iceland exits emergency coronavirus alert
COPENHAGEN (Reuters) - Iceland eased its national alert against the coronavirus on Monday, allowing for public gatherings of up to 200 people and night clubs and gyms to reopen as the country nears complete recovery from the outbreak.
Bithumb Names Back Young Heo as Its New CEO
South Korean crypto exchange Bithumb has promoted Back Young Heo as its new chief executive officer (CEO).
ETRADE Capital Management LLC Sells 5,934 Shares of Valero Energy Co. (NYSE:VLO)
ETRADE Capital Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,555 shares of the oil and gas company’s stock after selling 5,934 shares during the quarter. ETRADE Capital Management […]
Darden Restaurants (NYSE:DRI) Price Target Raised to $88.00
Darden Restaurants (NYSE:DRI) had its price objective upped by KeyCorp from $75.00 to $88.00 in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Other equities research analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Darden Restaurants from a […]
Hertz files for US bankruptcy protection as car rentals evaporate in pandemic
The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on ...
GBP/USD clings to modest gains, bulls await a move beyond 1.2200 mark
The GBP/USD pair edged higher through the early North American session and was last seen trading near the top end of its daily trading range, just bel
Genting Malaysia Bhd to undertake MSS, VSS for employees in Covid-19 restructuring exercise
KUALA LUMPUR, May 25 — Genting Malaysia Bhd (GENM) announced today it will undertake mutual and voluntary separation schemes for its employees to further mitigate the adverse financial impact from the ongoing Covid-19 pandemic. In an internal memo circulated to its employees sighted by Malay...
Scott Sumner On The Government's Response To COVID-19 And The Future Of Level Targeting
The Fed needs to be more aggressive addressing the macroeconomic problems stemming from COVID-19, and adopting a level target may be one solution. Scott Sumner
USD/MXN: Slight relief for the peso – CIBC
The initial market reaction to Banxico’s cut to 5.5% suggests that the decision was not more dovish than investors were expecting, according to analys
ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)
ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s […]
Commercial real estate to move northwards in Tier 2 markets post Covid-19
Factors like good location, easy accessibility, improvement in basic infrastructure, increased connectivity with suburbs and the availability of skilled manpower have turned smaller cities into an attractive business destination.
S&P/TSX composite starts week higher, U.S. stock markets closed for holiday
TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.
Synchrony Financial (NYSE:SYF) Shares Sold by ETRADE Capital Management LLC
ETRADE Capital Management LLC reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. ETRADE Capital Management LLC’s holdings […]
Germany mulls €50,000 a month for stricken firms
FRANKFURT AM MAIN, May 25 — Germany’s economy ministry today unveiled plans to ramp up support for hard-hit smaller companies, proposing as much as €50,000 (US$54,000) in monthly aid to help the nation’s vaunted “Mittelstand” survive the coronavirus crisis. The proposal, seen by AFP, is...
Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
Here’s where Google Pixel Buds are still in stock
Google's Pixel Buds quickly sold out after launch, but the popular truly wireless earbuds are still in stock at some retailers. Here's where.
ETRADE Capital Management LLC Purchases New Holdings in Docusign Inc (NASDAQ:DOCU)
ETRADE Capital Management LLC acquired a new stake in Docusign Inc (NASDAQ:DOCU) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,364 shares of the company’s stock, valued at approximately $496,000. Several other hedge funds and other institutional investors have also added to […]
Amazon Handmade launch Rainbows of Hope storefront in support of NHS
There are 20 products available in the range with a portion of sales going to NHS Charities Together
Celsius: Hold On For The Ride
Celsius's potential TAM is massive and should support many years of strong growth. Even with COVID-19 substantially disrupting marketing, the company is still s
Crowds pack pool bar at Lake of the Ozarks amid pandemic
It's business per usual at the Lake of the Ozarks. Businesses stay busy with out-of-towners vacationing over Memorial Day Weekend.
EUR/GBP alternates gains with losses near 0.8950
The now better mood in the British pound is forcing EUR/GBP to ease some ground following last week’s peaks in the 0.9000 neighbourhood. EUR/GBP faile
An expedition will recover the Titanic's telegraph — the radio it used to call for help as it sank. Here's how it'll work.
A specially designed robot is set to enter the Titanic's Marconi suite, where operators issued the sinking ship's last distress call.
Refunds likely to bury retail boost from pent-up demand
For shell-shocked consumers, mass job losses and emptier social calendars mean cash will prove more alluring than unused purchases.
Lion to bring 'healthy alcohol' to Australia
White Claw built a $2.5 billion segment in the US known as "hard seltzer", with lower calories and sugar, and is now headed to Australia.
Economists See China Holding Stimulus in Check Amid Uncertainty
(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
COVID-19 raises posers over business interruption underwriting
FOLLOWING the lockdown across the country on the backdrop of the coronavirus, COVID-19, pandemic which crippled econo
Why markets don’t care about Hong Kong
Via the excellent Damien Boey at Credit suisse:
Eliud Kipchoge now runs to save wildlife
Lewa conservancy organises virtual marathon in place of annual marathon.
LS C&S receives international standard certification for photovoltaic cable
LS Cable & System said Monday its photovoltaic cable has received international standard certification from Germany’s TUV SUD, a global certification authority. TUV SUD assessed that LS C&S’ 1,500 voltage direct current solar cables conform to functions and safety standards of International Electrotechnical Commission and European Standards, according to the cable maker. The firm expects the c...
Atlassian has released its COVID-19 survey to the public, as it encourages other organisations to use surveys to find how workers are coping with the pandemic
Software giant Atlassian has been using an internal survey tool to help determine how employees have been feeling as they work from home during the coronavirus pandemic. The survey has helped the company see what its workers need and what it can do to support them.
Alibaba Drops After Projecting Slowing Growth in Uncertain Times
Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.
[ANALYSIS] Why make the poor pay for the coronavirus response?
'It’s all a bizarre repeat of TRAIN where the poor are made to pay more so the rich can pay less. This time around, amid the COVID-19 crisis, the rich will benefit from the biggest corporate tax break in Philippine history.'
Shareholders set agenda for new SEC management
SHAREHOLDERS in the nation’s capital market have placed the 10-year Capital Market Master Plan, CMMP, on the front b
Australia’s international trade took a dive in April
The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:
Andrew Liveras doesn’t know what he’s up against
He’s getting some nice press though:
‘Biodiversity protection key to post-COVID-19 recovery’
In a bid to recover greener and better planet for the people, the Minister of State for Environment, Mrs Sharon Ikeazor has stressed the need for stakeholders in the sector and Nigerians to stay on track with the climate targets.
Child drowns after struggling in the current near Siesta Key Beach
A child drowned after getting caught in the current off Siesta Key Beach.
Smartphones: the perfect gateway into the trading world [Sponsored]
It used to be the preserve of the financial expert or city worker, but trading in stocks and shares has recently become accessible to...
Australia's exports fell 12% in April
The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la
Gold Price Analysis: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
Crowdfunding projects help virus-hit businesses in Japan
Fundraisers in crowdfunding plans often provide donors with meal discount tickets and premium accommodation vouchers.
UoN to get lion’s share of Sh6.6bn salary raise
Parliament approved the payment in a supplementary budget last month.
China space program targets July launch for Mars mission
Called 'Tianwen,' the Chinese mission will put a probe into orbit around Mars and land the robotic rover to explore and analyze the surface.
Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding
In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later
Why Target ended up a $3.6b black hole
It's a constant in Australian retail that Target and Kmart didn't fire at the same time, even before the arrival of fast fashion retailers and online shopping.
Debt of consumer discretionary firms faces a downgrade
Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.
GBP/USD: All signs are bearish for the pound
GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,
Reverse migration can spur housing demand in tier 2 and 3 cities post COVID-19: ANAROCK report
One significant trend may be reverse migration spurring housing demand in Tier 2 & 3 cities, says the ANAROCK report.
Slump in consumption, exports push Germany into recession in Q1
BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...
China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered
Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD
China space programme targets July launch for Mars mission
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface
Whether To Give Up Dumpster Diving
I discuss the news that Tuesday Morning could file for bankruptcy this week. I reflect on the prospect of quitting 'dumpster diving.' I share a painful lesson o
Sukhoi Su-35 set to join Egyptian Air Force as Russia begins production as per deal | World News
Sukhoi Su-35, the 4++ Generation supersonic multirole Russian fighter will soon join the Egyptian Air Force. Russian news agency TASS … Sukhoi Su-35 set to join Egyptian Air Force as Russia begins production as per deal | World News Read More »
EUR/USD: The global outlook points to be positive for the euro – Danske Bank
While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna
Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal
The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies
JobKeeper fuels 'major hunger' for new sneakers
Young Australians flush with JobKeeper cash are leading a boom in discretionary online spending, retailers say.
Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre
Report warns of major tax shortfall due to drop in household spending
The COVID-19 crisis could see indirect tax revenue fall by up to €6.7bn this year.The Economic...
China space programme targets July launch for Mars mission
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said.
Landlords worry about COVID-19 impact on commercial properties
Maureen Ihua-Maduenyi Commercial landlords are increasingly concerned about the economic impact of the coronavirus pandemic on their tenants and property portfolio, a new report has said. The rep...
Coronavirus impact: Time for employers to up skill employees
For the quantum growth of the economy, investments in education and skilling of informal workers are key, especially because a huge share of population has very little skills
USD/JPY clings to gains near 50-day SMA, bulls await a move beyond 108.00 mark
The USD/JPY pair edged higher on Monday and was last seen trading near the top end of its daily trading range, around the 107.70-75 region. The pair m
Suncor - Immediate Action Will Mean Stronger Returns
Suncor Energy is an incredibly well positioned Canadian oil major. The company's FFO / share is better than most oil majors. The company's financial health is q
GBP/USD: No reasons for sterling to spring back up
While Brits are enjoying their spring bank holiday – albeit under lockdown restrictions – sterling may continue suffering, according to FXStreet’s ana
20% beds in private hospitals for COVID-19 patients: Kejriwal
Delhi Chief Minister Arvind Kejriwal has said that the coronavirus cases in Delhi have increased since lockdown norms were relaxed as the fourth phase of it was implemented to contain the spread of coronavirus.
Virus-hit Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually ...
COVID-19: US to provide USD 6 million to Pakistan to fight coronavirus
The embassy said that the US government has now committed a total of USD 21 million since it declared Pakistan a priority country for coronavirus response'.
Tokyo stocks rally on hopes for economic restart amid pandemic
Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…
Nissan, Renault to disclose plan to slash production due to Covid shutdowns
The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022
Asian stocks subdued after China imposes new law on Hong Kong
Global financial markets already struggling to deal with huge economic uncertainty
EUR/USD: Time to buy a ticket for the 1.20 level – Nordea
It is probably too optimistic to expect both common EU debt and a widespread regulatory roll back, but it may be worthwhile buying a EUR lottery ticke
KBC staff sue over pension funds
Broadcaster says it’s unable to pay the sum at once.
Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure
Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.
Deficit monetisation: Is it really as simple as RBI printing more money?
India has a comfortable foreign exchange reserves of $487 billion currently.
ANA to require all passengers to wear face masks aboard aircraft from June
One of Japan's major airlines plans to make the wearing of face masks compulsory as the industry shifts toward operating in a new coronavirus pandemic normal. From June, All Nippon Airways Co will require all passengers to wear face masks inside airports and aboard aircraft. Anyone who refuses will be…
JobKeeper blunder may have forced up debt costs by $180m
The Morrison government may have overpaid in a bond market that was anticipating a $130 billion JobKeeper program.
Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal
While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »
Nikkei rises, but Hong Kong shares slip as tensions with China heat up
Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.
Nordic investors turn up heat on coal in climate campaign
OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.
UK's Sunak authorises bailout plan to rescue strategically important companies
LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...
Thousands without power in Western Australia after once in a decade storm
MELBOURNE (Reuters) - Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth on Monday after some of the worst weather in a decade.
China space programme targets July launch for Mars mission
BEIJING, May 25 — China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said. Beijing has invested billions of dollars in its space programme in an...
China space programme targets July launch for Mars mission
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said.
Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing
Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.
China space programme targets July launch for Mars mission
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project ...
Copper: The pace of long positions to slow down – TDS
Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C
Premier digs in on rent as UK restrictions bite
The 139 Smiggle stores in Britain and Ireland remain shut because of government restrictions, and Premier is also applying its rent ban.
China's pork imports in April jump 170% to record high
China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
China's currency gamble adds fuel to fire
The People's Bank of China 'fixed' the yuan at its lowest point since 2008, a move likely to further strain relations with Washington over trade, technology and Hong Kong's autonomy.
Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief
Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment
Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member
New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...
PNB Scam: Interpol to expedite arrest of Nirav Modi's brother
Nehal reportedly handled Nirav Modi's Twin Fields Investments and Bailey Bank and Biddle, and allegedly laundered over $100 million for his brother
What's Open And Closed On Memorial Day 2020
Monday is Memorial Day. While all the days might be blurring together right now, the day is a federal holiday, which means some places might not be open that typically have been recently....
Investors are underestimating Beijing's response to the pandemic
Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.
New Balance's MTL575 Made in UK Is a Bold Nod to Harajuku
Inspired by Tokyo's '60s-era TVs and Japan's national flag.
The poor world must be the rich world’s pandemic imperative
Assisting poorer countries is not just the right thing to do; it is also the only way to contain the pandemic.
Fear-mongering over national security law unfounded
Many foreign officials and media outlets have rushed to claim Hong Kong's status as a global financial hub has ended due to the impending National Security Law, with unsubstantiated reports of capital flight, but the move of the legislation is actually a boost to the business environment in the long-run.
Day-to-day banking proving to be a struggle for some isolating seniors
When banks temporarily closed hundreds of branches in response to COVID-19, many seniors found themselves unable to pay bills, withdraw cash for groceries and manage their account balances
Coronavirus outbreak: Toll crosses 1,000 in Mumbai
An analysis by the Medical Education department of 25,000 active cases in the state has shown that 1,166 were critically ill and another 5,899 had mild to moderate symptoms.
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Young people dominate early super withdrawals
Young Australians comprise the majority of people making early withdrawals from their superannuation, as the COVID-19 crisis sweeps through the economy.
AUD/JPY: Bearish case getting cheaper as each session passes
AUD/JPY has been on the bid at the start of this week and despite ongoing geopolitical tensions that have weighed on commodity markets. There has been
Pandemic delivers R943m revenue blow to Netcare
Costs for PPE escalate to R850m as group bolsters its supply ahead of virus peak.
Wirecard postpones issuing annual results again
Fintech says not all audit procedures completed and puts AGM back until August
Wanted: Leaders who can bounce from crises
India Business News: Resilience has emerged as the most important trait in a leader steering an organisation. The last two months of uncertainty, brought on by the coronav
Beximco exports 6.5 million PPE gowns to US
Beximco Group has exported 6.5 million personal protective equipment or PPE gowns to US brand Hanes for delivery to the Federal Emergency Management Agency, or FEMA.
36% liquor stores back in business in Mumbai
At the epicentre of coronavirus infections in the country, Mumbai has disallowed counter sales of liquor to avoid big crowds outside beer and wine shops. It was also one of the last districts to permit home deliveries of liquor.
RSM, BDO staff return to the office amid strong demand
The mid-tier accounting firms say despite the downturn, clients are increasingly seeking advice, including on how to access stimulus packages.
Government warned economy could fall off a cliff in September without more stimulus
Consumers are spending more money, but economists warn Australia could fall off a financial cliff in September without more stimulus measures.
CUNY teachers face ax as $115M in coronavirus budget cuts loom
City University colleges are rolling out plans to slash their adjunct teaching staffs as the system faces a nearly $150 million cut in aid thanks to the coronavirus budget crises at City Hall and in
What options are available for ethical investing?
Shariah-compliant funds and ESG investment products are among the choices available to you.
Vermilion Energy CEO’s departure signals return to conservative roots
Return of co-founder as executive chairman comes with greater focus on balance sheet
Air New Zealand sees annual underlying loss due to coronavirus
Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus pandemic, but had slashed costs to the extent it had not yet needed to draw down on a government loan.
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...
Hundreds of Gold Coast homes experiencing power outage
Hundreds of Gold Coast homes are without power this morning, after an outage towards the southern end of the coast. Over 1,300 residences have been affected, across the suburbs of Burleigh Heads…
Only a few hedge funds made money in March and April. Here's how.
Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.
Central bank asset purchases creating ‘fake markets’, analyst warns
'They're no longer related to any fundamental analysis whatsoever'
Covid-19 to dent M&R earnings ‘more than 20%’
Group reports further growth in order book to R51.5bn at end-March.
No more grants for the self-employed, Treasury says - Inside Israel
Treasury says the economy is back to normal.
Coronavirus News: As more stores file for bankruptcy, 7 On Your Side looks at the future of retail
At least three major retailers have filed for chapter 11 bankruptcy protection this month as the COVID-19 crisis has crippled sales -- now experts say it might be a good time to spend those unused gift cards.
Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block
Renewable electricity suppliers gaining ground
Generating capacity of independent producers is just about equal to that of an Eskom power station.
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.
Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic
Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
French carmaker Renault could close plants and cut jobs: union
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...
It's been a great journey for me under the guidance of Sachin Sir, asserts Prithvi Shaw
Prithvi Shaw has expressed his gratitude for Sachin Tendulkar once again, saying that he has helped him become a better cricketer through his guidance. The Mumbai opener has also added that whenever he speaks to Tendulkar, the latter advised him more on the mental aspect than technical.
Interpublic Group of Companies Inc (NYSE:IPG) Shares Purchased by Swiss National Bank
Swiss National Bank raised its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 23.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,918 shares of the business services provider’s stock after buying an additional 283,800 shares during the quarter. Swiss National […]
EastEnders fans fear Tina Carter will be axed
They are really worried for her
Covid-19 boosts local demand for premium fruits, vegetables
Indian consumers are willing to pay a premium to get hygienic and nutritional daily essentials, prompting exporters of horticulture produce to draw strategies for the domestic market.
Cetera Advisors LLC Sells 2,568 Shares of Marathon Oil Co. (NYSE:MRO)
Cetera Advisors LLC lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 16.5% during the first quarter, HoldingsChannel reports. The fund owned 13,013 shares of the oil and gas producer’s stock after selling 2,568 shares during the quarter. Cetera Advisors LLC’s holdings in Marathon Oil were worth $43,000 as of its most recent […]
ETRADE Capital Management LLC Sells 2,520 Shares of Ball Co. (NYSE:BLL)
ETRADE Capital Management LLC decreased its position in Ball Co. (NYSE:BLL) by 27.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,796 shares of the industrial products company’s stock after selling 2,520 shares during the period. ETRADE Capital Management LLC’s holdings in Ball were worth $439,000 as […]
IBM, HP announce major job cuts
Although exact number of layoffs was not confirmed, reports suggest it could be in the thousands.
Spain to welcome foreign tourists back from July
Madrid: Spain urged foreign tourists on Monday to return from July as one of Europe's strictest lockdowns eased, with streets gradually filling again and some pupils returning to school.
Hero Cork man saves 12-year-old boy stranded at sea
"He told me he thought he was going to die but I just reassured him and told him he was going to be fine"
A Lot of Binance Exmployees Opt to be Paid in Crypto Rather Than Fiat: CEO
The CEO of crypto exchange Binance, Chagpeng Zhao (CZ) acknowledged that "a lot" of employees opt to be paid in BNB, rather than fiat.
Pattie Lovett-Reid: Let the commercial rent relief applications begin...we hope
The past weekend has to have a been a tough one for small businesses waiting to hear whether or not their landlord is going to apply to the federal government for the Canada Emergency Commercial Rent Assistance program. CTV News' Chief Financial Commentator Pattie Lovett-Reid breaks down what they can expect.
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
The coronavirus pandemic has disrupted the management-consulting industry.
Pick Your Bias And Selective Data Will Support
Different investment horizons favor different inputs. There currently appears to be a tug of war between the inputs that please bulls and bears. I expect prior
Cetera Advisor Networks LLC Purchases 1,000 Shares of GMS Inc (NYSE:GMS)
Cetera Advisor Networks LLC grew its position in GMS Inc (NYSE:GMS) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,090 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks […]
Sun rises for ITC's aggressive acquisitions
ITC's acquisition of Sunrise is its biggest deal in the past two decades and shows company's readiness for inorganic growth to meet the turnover target of Rs 1 lakh crore for its non-cigarettes FMCG business by 2030
German govt to climb aboard at Lufthansa in virus rescue
Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier ...
Thousands without power in Western Australia after once in a decade storm
Emergency services began cleaning up in Perth on Monday as wild weather downed trees and left around 50,000 citizens without power
Wage subsidy scheme pays out more than a billion euro
The amount of money paid out under the coronavirus wage subsidy scheme has surpassed 1.1 billion euro, a senior civil servant has said.
Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering
Nnamdi Azikiwe varsity hospital records first COVID-19 case
Authorities of the Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, have confirmed one case of the coronavirus at the hospital. Prof. Anthony Igwegbe, the Chief Medical Director of th...
Natural Gas Bounce - As Expected
A higher low in the energy commodity. The signs of falling production continue. Trading from the long side in natural gas. Why UGAZ is a far better instrument t
Varadkar followed guidelines in park - spokesperson
A spokesperson for the Taoiseach has said Leo Varadkar was complying fully with Covid-19 guidelines while out socialising in the Phoenix Park in Dublin over the weekend.
With State of Emergency Lifted, Japan Begins Gradual Reopening
Retailers in Tokyo began opening their doors last week, but some will continue to wait.
Renault must join French-German battery project: minister
Paris: Renault will have to join a French-German project developing batteries in order to receive a five billion euro ($5.4 billion) government rescue loan, Finance Minister Bruno Le Maire said Monday.
2020 fall BC Beer Awards cancelled
BC Beer Awards organizers have announced they will be cancelling its annual festival.
As Covid-19 Disrupts Global Supply Chains, Will Companies Turn to India?
It’s an increasingly viable option for companies anxious about sourcing from China.
ETRADE Capital Management LLC Boosts Stock Position in Seagate Technology PLC (NASDAQ:STX)
ETRADE Capital Management LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,677 shares of the data storage provider’s stock after acquiring an additional 1,289 shares during the quarter. ETRADE Capital Management LLC’s […]
First Allied Advisory Services Inc. Has $402,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)
First Allied Advisory Services Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the quarter. First Allied […]
Post-Pandemic Economy: Great Depression or Growth Point?
Russian scientists are getting ready to submit their proposals to the Nationwide Action Plan to counter the pandemic in the Russian Federation. Which sectors of the...
Swiss National Bank Boosts Stake in Teladoc Health Inc (NYSE:TDOC)
Swiss National Bank lifted its stake in shares of Teladoc Health Inc (NYSE:TDOC) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 133,400 shares of the health services provider’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Teladoc Health were worth $20,678,000 at the end of […]
Could now be a good time to buy a house? Suffolk housing market after coronavirus explained
A leading Suffolk estate agent has explained why now could be a good time to buy a house for some people – but has warned that, for others, things could be more difficult.
Surgutneftegas: Now It Looks A Bit Less Crazy In This Crazy Market
Unlike many other Russian O&G companies, Surgutneftegas decided to cut its dividends. Earlier, the company's earnings for 2019 crashed by 8 times. From this per
ETRADE Capital Management LLC Has $597,000 Holdings in Lithia Motors Inc (NYSE:LAD)
ETRADE Capital Management LLC increased its position in shares of Lithia Motors Inc (NYSE:LAD) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after purchasing an additional 708 shares during the period. ETRADE Capital […]
The World's 10 Richest Cities
The U.S. is home to six of the 10 richest cities in the world, according to data on the global wealth population.
Flash Australia PMI Signals A Further Slump In Business Activity During May
Flash Australia PMI at 26.4, signalling another steep decline in business activity. Slumping demand accompanies the fall in output. Job losses continue at marke
HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid
After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore
Would like to take on challenge of facing Jasprit Bumrah, asserts Shan Masood
Shan Masood has admitted that he would like to take on the challenge of facing the right-arm Indian pacer Jasprit Bumrah, in International cricket. On top of that, Masood also has revealed that Australia’s Pat Cummins is one of the toughest bowlers that he has faced, after their battle last year.
AUD/USD pares early losses, registers modest gains near 0.6550
The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing its losses with the risk-on environment helping the AUD
Invesco Ltd. (NYSE:IVZ) Position Boosted by AE Wealth Management LLC
AE Wealth Management LLC increased its holdings in Invesco Ltd. (NYSE:IVZ) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,084 shares of the asset manager’s stock after buying an additional 3,696 shares during the quarter. AE Wealth Management LLC’s […]
Reverse migration to villages has set economy back by 15 years, says JNU professor
India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra.
Albemarle Co. (NYSE:ALB) Shares Acquired by Swiss National Bank
Swiss National Bank grew its holdings in Albemarle Co. (NYSE:ALB) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,607 shares of the specialty chemicals company’s stock after acquiring an additional 77,400 shares during the period. Swiss National Bank owned about 0.39% […]
3 Stocks to Buy and Hold for Decades
Great businesses can allow you to compound your wealth over the decades.
Merger Arbitrage Analysis And Spread Performance - May 24, 2020
ForeScout Technologies declines following the accusation of a MAE and subsequent legal action. COVID-19 forces investors to reanalyse merger arbitrage risks. Av
Cetera Advisor Networks LLC Decreases Stock Position in Newmont Goldcorp Corp (NYSE:NEM)
Cetera Advisor Networks LLC lessened its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 37.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,034 shares of the basic materials company’s stock after selling 4,773 shares during the period. Cetera Advisor Networks LLC’s holdings in Newmont […]
AE Wealth Management LLC Boosts Stock Position in Synopsys, Inc. (NASDAQ:SNPS)
AE Wealth Management LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. AE Wealth Management LLC’s holdings in […]
Bitcoin Risks Falling to $8K Ahead of June Due to These Technical Factors
Bitcoin was trading in positive territory this Monday after closing its last week in severe losses.
Lockdown 5.0 in Himachal Pradesh: Hamirpur, Solan district magistrates extend lockdown till June 30
Hamirpur and Solan districts in Himachal Pradesh will continue with the coronavirus lockdown for a month after the current nationwide phase ends on May 31.
Trade setup: No consensus on Nifty direction; 50DMA remains key hurdle
This makes the market more vulnerable on the higher side.
MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero
A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.
Reliance Industries’ Online Grocery Service JioMart Goes Live In 200 Towns Across India
Reliance Industries limited has now officially launched its online grocery service, JioMart, across the nation after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan, reports India TV News.
5-year-old boy flies back home alone after 2 months – Firstpostofindia
A 5-year-old boy flew back home to the city alone on Monday after remaining stranded in Delhi for two months.
ETRADE Capital Management LLC Raises Stake in American Express (NYSE:AXP)
ETRADE Capital Management LLC increased its stake in shares of American Express (NYSE:AXP) by 9.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,015 shares of the payment services company’s stock after buying an additional 603 shares during the quarter. ETRADE Capital Management LLC’s holdings in American Express were worth $600,000 as of […]
46 die, 387 injured in accidents on Abeokuta-Lagos expressway in six years-FRSC
The Federal Road Safety Corps (FRSC) said on Monday that 46 persons died in road accidents at the Old Toll-Gate corridor on the...
Tokyo stocks open higher on virus hopes
Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.
Time to take economy out of intensive care: PM
Scott Morrison will appeal to a "new sense of common purpose", with $1.5 billion in federal funding to the states as leverage, to deliver an economic recovery he envisages will take between three and five years.
Aldi now sell over 75 new Irish products as part of Grow with Aldi Programme
45 of Ireland’s most innovative Irish food and drink producers have won a new contract to supply Aldi’s 142 stores through its Grow with Aldi Supplier...
Mackay Shields LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)
Mackay Shields LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,985 shares of the technology company’s stock after selling 58 shares during the quarter. Mackay Shields LLC’s holdings […]
Hertz car rental company has filed for bankruptcy
As a result of the COVID-19 pandemic, the Hertz car rental company files for bankruptcy protection
New payment to support Kiwis through Covid-19
The Government today announced a new temporary payment to support New Zealanders who lose their jobs due to the global COVID-19 pandemic to adjust and find new employment or retrain.
Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%
Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.
Twilio: Coronavirus Accelerating Positive Trends, Downside Ahead
TWLO blew out Q1 expectations, as the coronavirus did the opposite of what people expected and accelerated its business. If you think about it, this is pretty i
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.
FDA relaxes food labeling regulations for pandemic
Food manufacturers will be permitted to substitute ingredients in products without changing the labels. The FDA posted a “temporary flexibility policy” permitting inaccurate labels, cla…
Report: Billionaires Have Made $434 Billion During Coronavirus Pandemic
According to a recent report, American billionaires have enjoyed a huge boost in net worth in the first two months of the Chinese virus pandemic, earning around $434 billion since March 19, when many states went into lockdown.
1,396 Shares in Mercadolibre Inc (NASDAQ:MELI) Purchased by Fiera Capital Corp
Fiera Capital Corp acquired a new stake in Mercadolibre Inc (NASDAQ:MELI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,396 shares of the company’s stock, valued at approximately $682,000. A number of other hedge funds also recently modified their holdings of the […]
SeaChange Warns Of An Abysmal Q1 As Customers Continue To Delay Purchase Decisions
Discussing recent Q1/FY2021 earnings warning. Customers continue to delay purchase decisions, resulting in an at least 55% sequential revenue decrease with like
Swiss National Bank Acquires 69,600 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)
Swiss National Bank increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,875 shares of the casino operator’s stock after purchasing an additional 69,600 shares during the period. Swiss National Bank owned […]
Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,633 shares of the specialty retailer’s stock after acquiring an additional 37,327 shares during the quarter. First Trust Advisors LP owned 0.15% […]
EUR/JPY bounces off lows near 117.00
The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f
Thousands without power in Western Australia after once-in-a-decade storm
MELBOURNE: Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning ...
Gold Price Analysis: Trades with modest losses, downside seems limited
Gold traded with a mild negative bias through the mid-European session amid the prevalent risk-on mood, albeit has managed to defend the $1722 horizon
The Week Ahead
The economic calendar is light. With shutdowns easing in May, April data is too dated to be of much interest to investors. The preliminary May PMIs last week of
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore
Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg
Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.
LPG filling station approved
Councillors approved a planning application to convert a vacant car sales yard into a liquid petroleum gas filling station.
Compression
Risk assets are compressing to Treasuries. Part of this has been the Fear Factor as coronavirus pushed Treasury prices higher as a run towards the safest of hav
Canadian PM Justin Trudeau asks bank CEOs for views on economy, COVID-19 relief: Report
Canadian Prime Minister Justin Trudeau has spoken to the heads of the country's six big banks to get their views on the state of the economy and the COVID-19 relief efforts, the Globe and Mail
Business stands behind government efforts to ease restrictions
Organised business says economic recovery will require innovation and swift action.
Meghan Markle was 'convinced there was conspiracy against her' and 'wanted out'
Meghan Markle and Prince Harry moved to Windsor after their royal wedding, but a friend has claimed the Duchess felt like an "outside" and struggled being so far away from her friends
Memory-Lane Monday: Did they say anything about an offer you couldn’t refuse?
But they certainly clarified exactly what they wanted.
IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid
IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr
CFTC Positioning Report: EUR net longs at multi-month lows
These are the main highlights of the CFTC Positioning Report for the week ended on May 19th: Speculators trimmed their net longs in the euro to the lo
Blow to Bitcoin as Latest BofA Survey Finds Loopholes in “Bear Market Rally”
Bitcoin's breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurre
Moody's revises outlook on Adani Abbot Point Terminal's rating to stable
AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor
Nasdaq to Consolidate European CSD Business
Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
Queen upsets locals at Sandringham estate by building half-mile 'eyesore' kerb to stop cars parking on roadside
Her Royal Highness, 94, had the 1,000-metre kerb erected at the royal estate near King's Lynn, Norfolk. The foot-high mound has prevented visitors from parking along the grass verge near the house.
USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700
The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.
Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...
Lufthansa state rescue deal agreed in principle, say sources
FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...
German business expectations pick up as lockdown is lifted
Monthly survey finds improving outlook despite pessimism over current effect of pandemic
In the Afternoon: Cloudy With Short-Term Precipitations
Today before noon over most of the country will be sunny with temporary increases in cloudiness over the eastern and southern regions. In the afternoon there will be cumulus and cumulonimbus clouds and in some places there will be short-term precipitations with thunder.
COVID-19 Crisis Impact on Youth - Depressed, Lonely and Anxious
People in the EU aged 18-34 report being more likely to feel depressed, lonely, and anxious than those aged 35 and over. They also indicate lower levels of resilience in dealing with problems in life, and a significant decrease in life satisfaction compared to before the Coronavirus (COVID-19) pandemic.
Wheat procurement surpasses last year's level of 34.1 MT despite hurdles
Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year
AP govt to disburse financial aid of Rs. 5000 to Priests, Pastors and Imams tomorrow
Andhra Pradesh: With the coronavirus taking the toll of mankind throughout the world, people are confined to homes amid lockdown without income.
Nnamdi Azikiwe varsity hospital records first case of COVID-19, says CMD
Authorities of the Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, have confirmed one case of the coronavirus at the hospital.Prof...
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.
NNPC says top management appointments on merit
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountab
Chinese state media says new chopper drone may be deployed along India border
The AR500C unmanned chopper is equipped to carry out fire strikes and also disrupt electronic circuitry of its target at heights above 15,000 feet, the Chinese state media reported.
How the Sunrise Foods buy spices up business for ITC
The move strengthens the tobacco major’s push towards non-cigarette FMCG business
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore
Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg
Theta Fuel (TFUEL) Records 630% Weekly Gains As Binance To Support Theta Mainnet 2.0 Launch
The leading cryptocurrency exchange by trading volume and users, Binance, will support the upcoming launch of Theta mainnet 2.0 on May 27th. With the
Microsoft: Power Platform is for real developers, too
Microsoft is bringing improvements to the ‘low code’ Power Platform that professional developers could use, such as T-SQL support and GitHub integration
Cake maker's sweet treats helping boost local spirits
A cake maker has been working to lift community spirits by selling sweat treats each week.
Bitcoin Cash Cryptocurrency Does “Not Look Healthy” After April Halving: Analyst
Just over a month prior to the Bitcoin (BTC) block reward halving on May 11th, forked cryptocurrency Bitcoin Cash (BCH) experienced its first-ever
China space programme targets July launch for Mars mission
Beijing: China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said.
NCDEX launches agriculture index futures, trading to start on Tuesday
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
Japan lifts coronavirus emergency in all remaining areas
Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen.
100 High Yielders Down Big: These 4 Are Worth Considering
While the tech-heavy Nasdaq 100 nears all-time highs, select big dividend stocks remain attractively priced. This report shares data on over 100 high yield stoc
There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study
Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.
China tests global diplomacy and economy
The country risks nations’ pushback as it moves ahead with its ambitions under the cover of COVID-19.
New payment to support Kiwis through COVID
Hon Grant RobertsonMinister of Finance Hon Carmel SepuloniMinister for Social Development
Oil steadies as demand uncertainty tempers supply cuts
Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT
Uganda starts exporting mobile phones
The company, which employs 400 workers, is currently assembling and manufacturing 2,500 phones per day but has plans to double its capacity and recruit more workers....
Japan lifts state of emergency for Tokyo, 4 other prefectures
Japan lifted a nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-largest economy as government officials warned caution was still necessary to prevent another wave. "We had very stringent criteria for lifting the state of emergency. We have judged that we have met this," Prime…
NNPC says top management appointments on merit
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and..
What Investors Can Learn From Sears And J. C. Penney
History often does repeat itself. Being innovative matters now more than ever as America reopens. The J. C. Penney and Sears experiences can inform investors lo
Hopeful of returning to work, scores of migrants return home
A number of migrant workers, who have left from Maharashtra's Pune city for their native places after being rendered jobless due to the lockdown, are hopeful that the situation will normalise and they would be able to come back to work.
Dollar General: Hoping That Nothing Has Changed
Dollar General is about to report earnings for the second time since the COVID-19 crisis hit the United States. The retailer should benefit from both the stockp
Highway 4 closed near Port Alberni after vehicle hits power pole
A power pole was knocked down on Highway 4 this morning near Wattys Road just west of Port Alberni, closing both lanes. The fire department was called about 7 a.m., said Port Alberni Fire Chief . . .
Global stock markets confused as US and China spar, bring trade-tension to the forefront again
Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.
Japan lifts Tokyo’s state of emergency, eyes fresh stimulus
TOKYO, May 25 — Japanese Prime Minister Shinzo Abe said today that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up. Social distancing curbs were loosened for most of the country on May 14...
Algeria announces 4GW plan to grow solar capacity ten-fold by 2025
Algeria plans to grow its solar generation almost ten-fold to support increasing domestic demand while boosting its position as an energy exporter.
In China's auto market, worries grow that cashback deals and gifts presage damaging price war
Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are ...
Upstate 19-year-old creates business to help with shortage caused by COVID-19
A 19-year-old in Gaffney saw a shortage caused by COVID-19. Hart Bridges then decided to start his own mask business called Rosleck Safety to help.
Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus
A customer wearing a protective mask enters an internet cafe at night in the Shibuya district of Tokyo, Japan, on … Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus Read More »
NGT appoints committee to investigate Manali gas leak
Wants panel to find out whether emission standard of ammonia in the plant was within the limits
‘Impact investing is going to be the mainstream’
Aavishkaar’s Vineet Rai believes that Covid-19 has forced the world’s richest people into thinking more about resilience than returns
Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares
Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof
Frydenberg’s changes to shareholder class actions smack of ‘cronyism’, lawyers say
The move has been made using emergency Covid-19 powers and favours company directors, they say
Economic shock from COVID-19 to lead to higher indebtedness, Poloz says
Canada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.
The problem with the liquidity push
Even if partially successful, it will culminate in eventual default; the crisis is only likely to intensify
Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown
Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.
Anti-dumping investigation on barley the only one initiated by China on Australia: commerce minister
Since China's anti-dumping and anti-subsidy investigation and relevant punitive tariffs against Australia's barley imports have recently become sources of tension, China's Commerce Minister said the investigation is the only one initiated by China on Australia, compared to more than 100 investigations launched by Australia.
Salon shop owners face a cut in earnings
Drop in customers and increase in operating costs put them in soup
GBP/USD: All ears to the ground for Brexit themes ahead of June 30
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
Businesses changing restrooms as they move to reopen
Businesses are now having to consider how they’ll need to change up their restrooms as they move to reopen amid the coronavirus pandemic.
Nigeria's GDP grew by 1.87 per cent in Q1 - The Nation Nigeria
The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87 per...
The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets
Although the Fed's intent is to provide temporary liquidity to large U.S. firms, the promise of supporting corporate bond prices and making loans to highly leve
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay for massive deficits.
Shops in England can open next month if social distancing guidelines met, Boris Johnson says
The Prime Minister said outdoor markets and car showrooms would be able to open from June 1, with other retailers following a fortnight later
Extend MGNREGA work to 200 days, says PMK
The PMK on Monday demanded that work under the Mahatma Gandhi National Rural Employment Guarantee Act be extended to 200 days instead of the present 100 days.In a statement, its founder S. Ramadoss sa
IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis
V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.
Liquor shops open in U.T.
The outlets will function from 10 a.m. to 7 p.m.
Nearly 10% of Bitcoin’s Current Supply is Dormant; Why This Matters
Data shows that Bitcoin may also be scarcer than previously thought, as 7.78% of the current BTC supply hasn’t been moved in over 10 years.
Snowfall expected in Eastern, Western Cape provinces on Tuesday
The Eastern and Western Cape provinces can expect snowfall on Tuesday, according to the South African Weather Service, with some areas experiencing cool to cold weather.
A well-balanced stimulus package
It will minimise the human cost of the COVID-19 crisis and also pave the path for structural reforms
UBS to Create Fintech-Specific Venture Fund
UBS Group, a Swiss investment banking giant, is creating a venture capital fund with a corpus of hundreds of millions of dollars of its own fund.
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
JetBlue Airways: Beware The Pending Capital Raise
JetBlue's 1Q commentary points to an April trough. I am less confident about JetBlue leading a recovery given its exposure to the Northeast. The ~$750 million c
Heatwave intensifies in northern India, Churu hottest at 47.5 degrees Celsius
The India Meteorological Department (IMD), which had issued a red colour-coded alert for north India for May 25-26 when the prevailing heatwave conditions are expected to peak, said dust and thunderstorms are likely to bring some relief on May 29-30.
Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
Royal Photographer Looks Back At Working With Princess Diana
One royal photographer is looking back at his time photographing Diana, Princess of Wales. Tim Rooke, fondly referred to Rookie by most, appeared on the "Royally Us" podcast where he looked back at his decades photographing the royal family including when Diana joined the family. “Often, what we do can be very boring. It can…
Regeneron to buy back $5 billion stake held by Sanofi
(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.
Officials swing into action asreturnees’ numbers swell
Zero in on NREGA to provide temporary livelihood
2.4 lakh subsidised Tirupati Laddus sold in AP on day-one
Observing all COVID-19 guidelines in the presence of local government machinery, the devotees queued up at TTD marriage halls and TTD Information Centres for the sacred prasadam.
SEBI steps in to de-stress the stressed, but are the measures taken by the regulator good enough?
With the stock markets volatile and investor community uncertain, primary investments in listed companies have stagnated.
Lufthansa, German government agree on US$9.8 billion rescue package: sources
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
Inside AfDB 'whistleblower' allegations against Akinwumi Adesina
Mr Adesina denies wrongdoing and the Bank's ethics committee sides with him.
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
USD/JPY looks to end day near 107.70 with small gains
The USD/JPY pair is fluctuating in an extremely tight 15-pip range on Monday as US investors enjoy a long-weekend in observance of Memorial Day. As of
Western Australia Lashed by 'Once-in-a-Decade' Storm
Strong winds and heavy rainfall on Sunday and Monday battered buildings and downed trees in and around the Australian city of Perth.
Canada Revenue Agency extends some trust and corporate filing deadlines
The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1
View: With the global supply chain being reconfigured, India must intelligently restructure its economy
Indias aspirations have been whetted by its improving ease of doing business, though more needs to be done.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.
As malls reopen across the country, worries grow that consumers won't come back
Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.
China’s crypto is all about tracing — and power
If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.
Canada Revenue Agency extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
FM’s package of no use to micro enterprises: ex-CM
‘A fresh Budget must be presented in Parliament's next session’
Eating local and plant-based diets: how to feed cities sustainably
How do you feed a city? It is one of the great questions of our time. After all, for a species that ultimately depends on plants to feed ourselves, we do tend to cram ourselves into places that are rather ...
Segalink moves to help investors recover their debt from Wale Jana
Human Rights Activist, Segun Awosanya aka SegaLink has made moves to help investors recover their debt from Saphire scents C.E.O, Wale Alade Jana. Taking to Twitter earlier today, Segalink shared a press release in which he
Coronavirus could bankrupt German FA, warns treasurer
The coronavirus crisis could "potentially threaten" the existence of the German Football Association (DFB), its treasurer has warned Monday.
Kerala: CM Pinarayi Vijayan’s Hometown In Kannur District Turns Coronavirus Hotspot
With ‘Pinarayi’ turning a hotspot along with three more places on Monday, at present there are 59 hotspots in Kerala.
Delay in projects to impact profitability in FY21, says Cochin Shipyard
There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts
Last Zamindar of Singampatti no more
Murugadoss took the reins as a child
Payments for CERB top $40-billion as feds open doors for commercial rent help
Landlords with up to 10 eligible tenants located in Atlantic Canada, British Columbia, Alberta or Quebec could apply online Monday
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Current Time Report Sparks Investigation At Makeshift Hospital In Moscow Region
Prosecutors in Moscow say they have started an investigation after Current Time reported alleged shortages of medicines and labor violations at a makeshift hospital for coronavirus patients set up by a well-known Azerbaijani-Russian businessman Araz Agalarov.
Transat extends Air Canada takeover timing following European regulatory review
In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.
‘Material disclosure’ is imperative at this time
Investors need to be frequently updated on Covid-19’s impact on companies
5 economic statistics that show the financial devastation of the pandemic for average Americans, Business Insider - Business Insider Singapore
Business Insider - The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.. Read more at businessinsider.sg
'Local box' supports vendors
Okanagan's Craft Culture has launched The Local Box to help vendors who have felt the negative impacts of markets being cancelled due to COVID-19.
Samsung might become Huawei’s lifeline in regards to memory chips
A couple of weeks ago, we explained how Huawei's ban in the USA might represent a golden opportunity for Samsung. And although the latter company's smartphone business could benefit from Huawei's unfa
EUR/USD Price Analysis: Flat-lined below 1.0900 mark amid holiday-thinned liquidity
The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early North American session on Monday. Th
Will the tax exemption for butter imports be cancelled? - Inside Israel
Finance Min. Yisrael Katz approves continued butter imports, as Agriculture Min. Alon Schuster pushes to cancel import tax exemption.
Experts urge govt to lock in crude oil purchases as prices start rising
They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision
Law firms, retailers pull bids for COVID-19 award changes
Employers and unions call time on new award flexibility deals to save jobs in response to the coronavirus shutdown, as restrictions continue to ease.
Virus-hit Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually zero".
Heatwave intensifies in northern India, Churu hottest at 47.5 deg C
India News: NEW DELHI: Heatwave conditions intensified in most of the northern states of India on Monday, with Churu in Rajasthan scorching at 47.
'It's kind of glum': U.S. farmers worry as crop prices dip
American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic
Lufthansa, German govt agree on rescue package amid travel slump: Report
Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid
RIMS Director rebuts allegations
Staff upset with steps taken to streamline operations, he says
3 Big Casinos Have a Lot to Lose in a Coronavirus Blame Game
A war of words over COVID-19 could have far-reaching repercussions.
Door opens for Telstra as NBN 'proves itself' in lockdown
The communications minister believes the COVID era has proved the NBN has the capacity needed. But he has pledged future upgrades and hinted Telstra's InfraCo could be its eventual owner.
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan
It is a conscious decision: Pradhan
Most agritech start-ups have seen a V-shaped recovery: Omnivore’s Kahn
Omnivore, the largest agritech-focussed venture capital firm in the country, has continued to make fresh and follow-up investments in two dozen Indian startups despite the crisis triggered by the Covi
Maduro Defends Iran & Venezuela’s Right to 'Trade Freely', Thanks Tehran for Help Amid US Sanctions
The first Iranian tanker carrying gasoline and the components to produce it from oil arrived in the Bolivarian Republic on 24 May, despite the two countries' concerns...
Montreal-area retailers reopening to public, with distancing measures in place
Many retail stores in Montreal area are opening their doors today, with customers being asked to remain spaced apart and follow hygiene protocols.
On-Chain Metrics Show Ethereum Addresses Grow 350% From 2018 Figures
Ahead of Ethereum’s move to staking after its 2.0 “Serenity” update, investment and wallet activity on the network is increasing. The protocol has received a boost in recent times, driven by both institutional and technical factors.
Pune: Doubling rate slows down, but some wards see worrying spike in cases
The percentage-wise spike was the largest in Janta Vasahat Dattawadi ward, followed by Koregaon Park Ghorpadi ward, Kalas Dhanori ward, Vimannagar Somnathnagar, Mayur colony Dahanukar Colony and Erandwane Happy Colony wards, respectively.
Day 1 of flights resumption: Airlines walk an extra mile to ensure safe ops
Domestic operations were suspended on March 24. While cargo and relief operations are underway, a majority of aircraft had to be maintained in proper condition.
PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again
A Belgian citizen, Nehal Deepak Modi is wanted by the Central Bureau of Investigation (CBI) in a case of alleged fraud committed by his elder brother, Nirav, in the Punjab National Bank (PNB), they added. Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged
Woman kayaks to floating home swept away by flood to recover mother's ashes
A Michigan woman used a kayak to recover her mother's ashes that were left inside her home when she evacuated after flooding.
First Iranian oil tanker docks in Venezuela
The first of five Iranian tankers carrying much-needed gasoline and oil derivatives has docked in Venezuela and a second one entered its waters, the government said on Monday amid concern in Washington over the burgeoning relationship.
Slump in consumption, exports push Germany into recession in Q1
The Federal Statistics Office said capital investments fell by 6.9 percent, private consumption by 3.2 percent and exports by 3.1 percent between January and March compared with the last three months of 2019.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.
Crypto Community Trolls Ethereum For Not Getting Its Own Emoji
The crypto community on Twitter has united once again in an epic troll, this time aimed at Ethereum. What began as a simple question as to why the second-larges
First white storks born in Britain for 600 years peer out of their nest for the first time
Baby birds were born earlier this month as a result of the White Stork Project
Oliver Mangan: In the absence of a vaccine, economies are going to need all the help they can get
Survey data that are beginning to come through on the main economies for May warrant careful interpretation.
IndexIQ Advisors LLC Buys Shares of 10,279 KB Home (NYSE:KBH)
IndexIQ Advisors LLC bought a new stake in KB Home (NYSE:KBH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,279 shares of the construction company’s stock, valued at approximately $186,000. A number of other hedge funds also recently modified their holdings of KBH. […]
Venezuelan Navy frigates, like these in a 2019 exercise, are being used to escort Iranian tankers carrying badly needed fuel to port in Venezuela
The first of five Iranian tankers carrying much-needed gasoline and oil derivatives has docked in Venezuela and a second one entered its waters, the government said on Monday amid concern in Washington over the burgeoning relationship. The United States has closely monitored the shipments, concerned
The Arrival Of The 'Unavoidable Pension Crisis'
I wrote an article in 2017 discussing the “Unavoidable Pension Crisis.” At that time, most did not understand the risk. Since then, the situation has continued
Pound Sterling Price News and Forecast: GBP/USD looking to the upside
At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the
Gold Price News and Forecast: XAU/USD - Great Recession vs. 2020 coronavirus crisis
The gold futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from
IKEA is opening “urban concept store” in Piraeus
Popular Swedish furniture and houseware retailer, IKEA, will open its first "urban concept store", in the centre of Piraeus.
Swiss National Bank Purchases 138,500 Shares of Lincoln National Co. (NYSE:LNC)
Swiss National Bank grew its position in Lincoln National Co. (NYSE:LNC) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 769,805 shares of the financial services provider’s stock after purchasing an additional 138,500 shares during the quarter. Swiss National Bank owned approximately […]
French carmaker Renault could close plants and cut jobs: union
PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
Ukrainian workers start returning to Poland as lockdown eases
CHERNYAKHIV, Ukraine (Reuters) - Coronavirus or no, Vadym Diachenko needed no persuading when an employment agency offered to fly him back to Poland from his native Ukraine to work at a meatpacking plant.
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
Inside the impact bid to save AAP
The consortium has already begun sounding out key AAP customers, which have indicated support for a new version of the newswire service.
Gordon Ramsay causes controversy in Cornwall yet again with all-day beach trip on Bank Holiday
From the afternoon until sunset, Gordon and his family made the most of their time on the golden shores over the weekend.
Bityard: Leveraged Crypto Futures Trading With a Regulated Exchange
Bityard’s mission is to create secure, simple, and fast crypto-asset trading services for people all over the world.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has thrown America into it’s worst economic downturn since the Great Depression nearly a century ago.
Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say
China and the U.S. are back in the headlines — but are investors paying sufficient attention to the risks of a geopolitical clash?
Banks continue to lend less even as deposit growth improves, credit growth now at mere 6.5%
Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.
European regulators to take closer look at Air Canada-Transat deal
TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.
Less than 30% of fuel depots operating – DAPPMAN
’Femi Asu Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum ...
USD/BRL: Political headwinds facing the real – CIBC
USD/BRL continued its upward trend, approaching the 6.0 mark. Luis Hurtado from CIBC Capital Markets sees political tensions and a dovish BCB to weigh
Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20
Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number
Central bank printing presses might be in overdrive, but inflation is not the real threat here
Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time
USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC
Economists across the board have revised the Colombian GDP lower. Luis Hurtado, an analyst at CIBC Capital Markets, forecast the USD/COP pair trading
Is the stock market closed today? Here’s everything investors need to know about Memorial Day trading hours and closures
Memorial Day will take on an even more somber tone this year.
Centre’s Covid response ticks all boxes
The stimulus package addresses demand and supply issues, while boosting production to help India be part of global supply chains
Britain flocks to the seaside as coronavirus lockdown wobbles
There was little sign of people sticking to social distancing rules
Reliance starts trials of JioMart shopping portal across India
The JioMart shopping app is available via Facebook Inc’s WhatsApp, which in India has about 400 million users.
When is the German IFO survey and how it could affect EUR/USD?
The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p
Bachem lifts Propofol production to 24/7 as pandemic hikes demand
ZURICH (Reuters) - Switzerland’s Bachem has begun round-the-clock production of Propofol, a drug needed to sedate ventilated patients whose plight during the pandemic — prone, unconscious, hospitalised — has become emblematic of COVID-19’s hit to healthcare systems.
Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It
The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa
Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies
In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w
Bayer says it makes progress in settlement talks over weedkiller
Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling
30 Srikakulam natives reach Vizag from Bengaluru on two-wheelers
Even as the country is trying to recover from the impact of lockdowns, migrant workers continue to suffer.
Labor senator calls for ASIC investigation into Rex
Tony Sheldon says the company's "failure to inform the ASX ... flies in the face of Australian corporate standards".
Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19
TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...
Cash for new homes the key to saving jobs, says industry
On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.
Shaping Africa’s urban areas to withstand future pandemics
Astrid R.N. Haas, the Policy Director, at the International Growth Centre explains: The power of cities comes from the number of interactions they enable, between people, firms and markets – they are centres of social interaction. For all their virtues, however, cities have a major downside. They are a fertile ground for contagion, such as …
Cult favourite US hard seltzer brand White Claw is coming to Australia, following a licensing deal with Lion
Get ready: cult favourite seltzer brand White Claw is coming to Australia.
A longer JobKeeper will keep people in fake jobs
Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.
They'd rather sleep outdoors
Gordon Kelter has something to fear more than not having a bed to sleep in at night — catching COVID-19.
Hacker selling customer data of 3 crypto wallets, 1 investment platform
Data of customers who allegedly purchased products using Shopify from these crypto wallets have been compromised
ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore
The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.
'We have to ration our meals': Malaysians share their struggles after COVID-19 left them jobless
CNA spoke to five Malaysians who were left unemployed because of the COVID-19 pandemic. It has been a daunting experience having no income to make ...
Japan said to start giving out travel vouchers from end-July – Jiji
The Japanese media outlet, Jiji Press, reported on Monday, Japan’s government is considering starting to give out travel vouchers from end-July. Trave
Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020
On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »
Called 'Tianwen', the Chinese mission will put a probe into orbit around Mars and land a rover to explore and analyse the planet's surface
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said. Beijing has invested billions of dollars in its space programme in an effort to catch up with
China’s trillions toward tech won’t buy dominance
Big spending numbers are being thrown around in China, once again. This time, it’s trillions of yuan of fiscal stimulus on all things tech. The plans are bold and vague.
Best month for Brent in 21 years overshadows US-China feud
Investors will be relying on a rebound in global demand for crude to support prices, as US-China tensions threaten to derail the oil market's recovery.
Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT
CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST
Japan lifts coronavirus emergency in all remaining areas
The prime minister of Japan has lifted a coronavirus state of emergency in Tokyo and the remaining areas of the country, ending the restrictions nationwide as businesses begin to reopen.
Hong Kong shares ease on China-U.S. rift, dollar firms
SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic
Reports lower H1 earnings, defers dividend.
Rich, but household debt is growing: A time bomb for South Korea?
South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...
There were fears packed Tokyo could become a hotbed for the virus
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl. Compared with hard-hit areas in Europe, the United States, Russia and Brazil, Japan has been spared the worst of the
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...
New face of banking: Millennials prefer robot bankers to humans
Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19
Central Equity, Failli family selling $200m of greenfield sites
The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.
‘Cognizant determined to emerge stronger from Covid crisis’
Thanks to a strong balance sheet, close partnerships with associates/clients, and digital imperatives, says Brian Humphries
Cannes: Diana Penty stunning looks from last year
Even though we have to wait a year to witness all the red carpet glory, here's a quick look at Diana Penty's enduring past appearances.
Japan's ANA leads way as masks become new normal in virus-era air travel
From June, All Nippon Airways will require all passengers to wear face masks inside airports and aboard aircraft.
EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s
The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou
Coronavirus | Lockdown extended till June 30 in Himachal Pradesh’s Hamirpur, Solan
Hamirpur has reported the highest 63 virus cases while 21 people have tested positive for the infection in Solan till now.
Meet Cyrus, who wants to own Virgin through the virus and beyond
Every good auction needs a smokie.
Japan lifts Tokyo’s state of emergency, eyes fresh stimulus
TOKYO, May 25 (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up.
Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut
The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances
Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy
RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.
Shinzo Abe lifts Tokyo's state of emergency, eyes fresh economic stimulus
The move meant that the whole country would now have the social distancing curbs loosened, after an initial lifting of restrictions for most areas on May 14
Delhi sizzles at 45 degrees celsius, rain expected after 4 days, says India Meteorological Department
India Meteorological Department said rainfall with thunderstorm are expected after four days in Delhi.
Japan lifts Tokyo’s state of emergency
Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.
Nigeria’s GDP rises by 1.87% in Q1 2020
Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy
Samsung's NAND flash market share down slightly in Q1
The share global NAND flash market for Samsung in the first quarter of the year dropped slightly compared to three months earlier, a report said on Monday, although the South Korean giant
Furloughed Eurostar workers are helping language students amid school closures
A number of French-speaking Eurostar employees are reportedly helping language students while they are furloughed due to the travel restrictions in place...
Thousands without power in Western Australia after once in a decade storm
Wind speeds of up to 132 km/hour (82 mph) were registered at Cape Leeuwin, one of the state's most south-westerly points early on Monday, the strongest May gusts in 15 years, according to the Australia Broadcasting Corp.
Dawn Meats reopens plant supplying McDonalds burgers
Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets
In Philippine slums, heat, hunger take a toll under lockdown
MANILA (Reuters) - One by one, Michelle Asinto’s six children take the plate of rice doused in soy sauce and eat their share before passing it on.
Investing in Spanish Nissan factory cheaper than closing it: Spanish official
(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
GBP/USD: Near-term downside risks into mid-year – CIBC
This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El
Coronavirus lockdown: First flight arrives in Jaipur from Bengaluru
After the restart of domestic flight operations, the first aircraft arrived at the Jaipur airport from Bengaluru on Monday morning. The Air Asia flight with 23 passengers on board landed at 0830 hrs,
After warm Memorial Day, Las Vegas rises to heat warning by Wednesday
Heat that could set some late-May records is on its way to the region, according to the National Weather Service.
3 Travel and Tourism Stocks Poised for a Bull Run
The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH, West Bank (Reuters) - Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.
CERB payments hit $40B
A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.
USD/JPY: Downside potential is limited
The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer
Bank holiday sunshine - and it’s set to continue, with forecasts of a warm, dry June
After today’s sunny bank holiday, a long warm, dry spell looks set to continue - with little rainfall expected for East Anglia during June.
Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks
This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
The changing face of the billionaire classes
Is Europe becoming more American in its wealth creation as the US becomes more European?
Inside the Nottingham labs where drug research experts look for new treatments during pandemic
They are working together on the discovery and development of new therapeutics
German Startup Creates Ocean Platform to Generate Power from Waves, Wind, and Solar
A German startup has created a prototype of an impressive hybrid ocean platform that can harness power from wind, waves, and solar separately as well as all together.
Ukraine's Mriya giant brings medical cargo to Canada to fight COVID-19 (Photo, video)
The total weight of the batch is 130 tonnes.
COVID-19: Is this the end of the road for Renault?
Pandemic puts the French brand's 122-year history at stake...
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief
In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive
Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%
SmartCentres, SNC and Telus see insider buying
How we selected over 1,000 new recruits -- NNPC
The corporation says professional competence, transparency, accountability and federal character are primary considerations in its employment.
RoboForex Expands Crypto Offering, Adds ETH/BTC and LTC/BTC
RoboForex has expanded its cryptocurrency offering by increasing the number of crypto pairs available for trading to include ETH/BTC and LTC/BTC.
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH — Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.
Akshay Kumar commences shoot for next with R Balki amid lockdown?
With stringent measures still in place during Lockdown 4.0, it is reported that Akshay Kuamr has commenced shoot for his next, helmed by R Balki. KoiMoi reports that Kumar who reunited with Balki after the success of ‘Mission Mangal’, got the required permissions to get shooting for a commercial underway. The report adds that all […]
Patriotic Poles led astray by mis-labelled Ukrainian cucumbers
WARSAW – Seeking to appeal to patriotic Poles, local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as homegrown, Poland’s anti-monopoly office said on Monday, as it launched an investigation.
Japan lifts coronavirus emergency in all remaining areas
The prime minister of Japan has lifted a coronavirus state of emergency in Tokyo and the remaining areas of the country, ending the restrictions nationwide as businesses begin to reopen.
Barcelona looking to raise more than £117m through player sales
Barcelona are hoping to raise more than £117m through player sales this summer in order to fund their pursuits of Lautaro Martinez and Miralem Pjanic.
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
With little state aid, zombie shops in Portugal fear short-lived reopening
LISBON (Reuters) - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.
‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies
‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy
Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role
Vermilion says it has created an executive committee to run the company instead of replacing Marino
Will Social Security Beneficiaries Qualify for a Second Stimulus Check?
Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?
EUR/CHF: SNB looking to contain Swiss franc action – CIBC
The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
Would YOU live next-door to your in-laws? Mother who'll soon be sharing a garden fence with her husband's parents says she's already dreading it - and others admit it would be enough to make them move
Posting anonymously on the British parenting site Mumsnet, the woman revealed how her mother and father-in-law have been renovating the house next door and will be moving in.
Andy Palmer to quit as Aston Martin CEO after shares plunge
Will be replaced with Mercedes-AMG CEO Tobias Moers
China warns of new Cold War as US blacklists more firms
The US decision to add 33 Chinese entities to a trade blacklist risks potential retaliation from Beijing as tensions between the world’s two biggest economies deteriorate further.
Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses
Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law
Boost for zero-emission sources as global capital backs Indian solar power
The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent
German business morale rebounds in May as corona restrictions are eased
The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.
Bayer reaches agreement in 125,000 US cancer lawsuits
Pharmaceutical giant reportedly does deal to end inherited costly legal battle
COVID-19 could push Nigeria into another recession — Attah
By Omeiza Ajayi, Elder Statesman, Obong Victor Attah, is an architect was governor of Akwa Ibom State from 1999 to 2007. In this interview with Vanguard, Attah who had since resigned from politics, and now a leader of the Pan Niger Delta Forum, PANDEF, expresses concerns that Nigeria could be heading towards another recession dueRead More
Bayer says it makes progress in settlement talks over weedkiller
Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer
Telstra CEO wants NBN upgrade paths reflected in govt policy
Calls for telcos to be unshackled from past policy and decisions.
Still A Lot Of Value In Corporate Bond Market
Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev
Flash PMI Shows Japan On Course For Record Downturn In Second Quarter
Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde
Fractional Shares: Why It’s in the News
Have $5? Then you could start building wealth today.
Town hall back in business
The Township of Spallumcheen is back open for walk-in business.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that . . .
Apollo's Ventia asks for $1.6b, five banks on board
Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market.
Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan
The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister
Bengaluru: Five-year-old boy flies back home alone after 2 months
A 5-year-old boy flew back home to the city alone on Monday after remaining stranded in Delhi for two months.
This Morning's Eamonn Holmes branded 'filthy pig' after revealing his shocking way of cooking bacon
This Morning presenter Eamonn came under fire from viewers after making the startling revelation on Monday's show
Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2020 Update
Glenn Greenberg’s 13F portfolio value decreased from $1.89B to $1.74B this quarter. Brave Warrior Advisors added HCA Healthcare and increased Anthem while reduc
New Zealand's largest media company being sold for just $1 to its CEO
Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge
Japan lifts coronavirus emergency in all remaining areas
The prime minister of Japan has lifted a coronavirus state of emergency in Tokyo and the remaining areas of the country, ending the restrictions nationwide as businesses begin to reopen.
Erosion of fiscal federalism in the times of Covid-19
As the Centre steamrolls policies on cash-strapped States, the fiscal demands the current pandemic have put extraordinary pressures on State finances
EU’s top diplomat urges ‘more robust strategy’ toward China
EU foreign affairs chief Josep Borrell told a gathering of German ambassadors on Monday that “analysts have long talked about the end of an American-led system and the arrival of an Asian century.”
China space program targets July launch for Mars mission
Beijing has invested billions of dollars in its space program in an effort to catch up with its rival the United States and affirm its status as a major world power.
Blockchain Adoption: China’s National People’s Congress and Parliament to Review DLT Fund Proposal
The National People’s Congress (NPC), China’s parliament and the Chinese People’s Political Consultative Conference recently began conducting their annual
Amazing photographs reveal a rare white starling standing out in a murmuration
'It could be sticking with the group for protection'
CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs
he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds
Nottingham hour by hour weather forecast as temperatures set to stay high in coming week
The upcoming week looks set for more sunshine and high temperatures
US tech execs have dumped $3.6 billion in company stock this month
Top execs from Facebook, General Electric, Cloudflare, and Activision all have sold small fortunes worth of stock this month.
German sentiment survey boosts stocks, Europe focuses on recovery fund
LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
How the 2020 US Presidential Election May Be Keeping Bitcoin At Bay
Bitcoin's next rally may not occur until after the 2020 United States Presidential Election takes place in November of this year.
Report: Microsoft leads the IoT platform market with greater interoperability
Counterpoint Research recently published its in-depth analysis on the leading IoT platform players. According to the report, Microsoft Azure IoT leads the market with more completeness and greater interoperability. In fact, Microsoft Azure IoT platform leads the overall evaluation in 26 out of 35 capabilities across Edge IoT, Cloud IoT, and Platform Performance categories.
Bengaluru: BMTC introduces flat-fare system, bus fares to start from Rs 5 now
BMTC has been facing flak right from the first day of operations post-lockdown for its new contactless ticketing system. Commuters and citizen activists had pointed out that the daily passes worth Rs 70 were not feasible for those travelling short distances.
Office supply wholesaler Spicers Ireland is rescued from liquidation
The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock
Japan eyes fresh $930b stimulus, to end Tokyo's state of emergency
Japan is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies.
Bourgas, Bulgaria: First Written Evidence that the Roman Colony Deultum had a Port
Archaeologists from the Deultum-Debelt National Archaeological Reserve near Bulgaria’s Burgas have discovered the first written evidence that the Roman colony Deultum had a port, BGNES reported. The inscription was found on limestone sarcophagus, dating from the II-III century AD.
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent
Japan lifts coronavirus state of emergency in all remaining areas
TOKYO — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to
2.4 lakh subsidised Tirupati Laddus sold in AP on day-one
Observing all COVID-19 guidelines in the presence of local government machinery, the devotees queued up at TTD marriage halls and TTD Information Centres for the sacred prasadam.
Astronomers see 'cosmic ring of fire,' 11 billion years ago
Astronomers have captured an image of a super-rare type of galaxy—described as a "cosmic ring of fire"—as it existed 11 billion years ago.
Fandom appoints Zirca Digital Solutions as a media partner for the Indian market
Zirca will work toward maximising Fandom’s advertising revenue potential, build the brand’s presence, as well as expand its pool of demand partners
China space programme targets July launch for Mars mission
BEIJING: China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the ...
Govt is exploring new financial institutions to support MSMEs: Nitin Gadkari
The government is exploring new financial lending institutions to support small-scale units in terms of financial support, said Union Minister for MSME.
Lufthansa has good prospects for future: German ministries
BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
Malls lose Rs 90k cr in 2 months: SCAI
IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t
Home, auto loan borrowers top beneficiaries of moratorium relief
SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment
ANALYSIS: Lebanon is teetering on the brink - Middle East
Neither Hezbollah leader Hassan Nasrallah nor Lebanese President Michel Aoun care about restoring Lebanon to its once-respected status.
Sberbank: The Downside Is Limited
As Russia’s flagship bank, Sberbank already felt the pain of the virus, as its Q1 earnings results showed a staggering decline in its profits. Nevertheless, Sbe
Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer
Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Bharti Telecom to sell $1 bn stake in Airtel through block deal
IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco
French carmaker Renault could close plants and cut jobs, says union
PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...
Will ensure work for returning migrants: Nitish Kumar
Nitish Kumar's comments come as lakhs of migrant workers return to Bihar amid the coronavirus lockdown. He said there are ample opportunities in the textiles, shoe, bag, furniture and bicycle industries in the state.
Lufthansa says Germany approves stabilization package
FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.
Dozens of Chinese companies added to US blacklist in latest Beijing rebuke
The blacklisted companies focus on artificial intelligence and facial recognition, markets that US chip companies such as Nvidia Corp and Intel Corp have been heavily investing in.
Nissan says preparing to gradually restart Mexico operations
The automaker will begin with vehicle and autoparts manufacturing activities
BMO launches online resource hubs to help clients navigate COVID-19 impacts
BMO has unveiled new online information hubs that contain content and resources to help Canadians navigate COVID-19 financially.
Schrems letter turns up heat on Data Protection Commissioner
There is a pressing need for the regulator to act quickly and effectively to dispel criticism
PHOTOS: Hungry Zimbabweans queue for porridge in Chitungwiza
Thousands of Zimbabwe are flocking to a soup kitchen where a good Samaritan Samantha Murozoki is feeding the hungry people with porridge at her Chitungwiz...
China hits out at US for blacklisting firms
China condemned the US for adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate furth
Digitex Futures Integrates Chainlink’s On-chain Price Oracles for Added Transparency and Reliability
Digitex Futures, the DGTX token powered, zero-fee cryptocurrency futures trading platform has announced a partnership with Chainlink to integrate the latter’s d
UK, Nigeria pledge to sustain trade relations amid CoVID-19
With Covid-19 continuing to affect supply chains, trade and global investment flows, the United Kingdom and Nigeria authorities have pledged commitment
States pitch for maximum permissible use of Consolidated Sinking Find
Some States complain that despite easing of rules, the RBI has approved for smaller quantum of funds
A ‘jet skis’ methodology can reinvigorate your middle-aged company
Launching small, independent innovation teams that are free to fail can lead to fast development of disruptive products and keep your company competitive.
EU watchdog hopeful most banks can absorb €380bn pandemic hit
Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority
Factbox: EU recovery fund - the battle lines
BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.
Mexico's monthly trade deficit hits $3 billion due to virus
Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%
Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable
Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev
Govt proposes to streamline processes to deal with corporate, tax frauds
IANS New Delhi Government proposes to further streamline and simplify the processes to deal with corporate and tax related frauds by identifying and insti
Home appliances remain immune to Covid, lockdown relaxation boosts demand
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief
In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.
Patriotic Poles led astray by mis-labelled Ukrainian cucumbers
WARSAW (Reuters) - Local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as home grown, Poland’s anti-monopoly office said on Monday.
Decks cleared for formation of agriculture boards
They will recommend support packages for crop diversification
Pan-African businessman completes 100kW solar mini-grid in Zimbabwe
Philanthropist Strive Masiyiwa has completed a 100kW solar power project at Ndolwane in Bulilima district, through his ‘Re-Imagine Rural’ initiative.
‘106 desilting works are on’
Works taken up under the Chief Ministers’ Special Desilting Scheme are being executed under the supervision and guidance of farmers, according to Rajesh Lakhoni, Monitoring Officer for the district.An
Binance Adds ETH and XRP Options Contracts
Crypto exchange giant Binance announced on Monday the addition of Ethereum and XRP options trading facility.
Central Banks Are Destroying What Was Left of Free Markets
The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.
Better off staying closed?
Some businesses could be better off staying closed than risk re-opening during the second phase of the B.C.’s government's plan to safely and gradually re-open the economy, according to Val Litwin, president and CEO, BC Chamber of Commerce.
China links Australia barley tariffs to past trade disputes
Beijing defends Australia barley tariffs but links move to past trade cases against China.
Markets advance on hope of restrictions being eased globally
Subdued volumes traded on world markets as London and New York closed for holidays
Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand
Tiger Brands Ltd. could make significant job cuts and asset sales this year as Africa’s biggest publicly traded packaged-food company looks to reduce costs and survive weak consumer demand worsened by the coronavirus pandemic.
Sberbank Buys 5,000 Blockchain ATMs as Russia Ponders Criminalizing Crypto Use
Sberbank is buying contactless blockchain-powered ATMs. This comes after a bill was proposed to penalize companies that use crypto.
Shopify Is Taking The E-Commerce World By Storm
Lately, Shopify (SHOP) is firing on all cylinders. The company announced a series of new features on its May 20 Reunite event, together with a new partnership w
Why Entravision Communications Stock Could Be A Solid Play For Your Deep Value Portfolio
Entravision Communications is a major owner/operator of Spanish-language TV and radio stations. COVID-19 may mean an ugly Q2, and headwinds could persist throug
China space programme targets July launch for Mars mission
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said.
11 camps set up in Coimbatore district to evaluate Class XII answer scripts
3,000 teachers and 500 non-teaching staff to be involved in the process
Atlassian: Recent Rise And Premium Valuation Put Me On Sidelines For Now
Atlassian reported a strong Q3 earnings with revenue growing 33%, well above expectations for only ~28% growth. However, management provided Q4 revenue guidance
Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog
European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau
Digital Banking: Monzo, Starling, and Revolut Make it Much Easier to Open Accounts, According to a Recent Review
Many large banks in the United Kingdom appear to be falling behind their all-digital competitors when it comes to providing better overall customer service, whi
HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout
Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.
Jet Airways offers two Boeing aircraft for evacuation of stranded Indians
Jet Airways could supply up to four aircraft for evacuation missions within a reasonable period of time.Jet Airways has been grounded for a year due to lack of funds
Karan Johar on self-isolation after two household staff test positive for COVID-19
Two members of Karan Johar's household staff have tested coronavirus positive. While the filmmaker and his family have tested negative, they will be in self-isolation for the next 14 days.
L3Harris Technologies: Steady Growth Yet Insulated From COVID-19 And The Economy
The recent merger of L3 Technologies and Harris Corporation created synergies that are driving cost savings and increasing margins. As a defense contractor, the
Coronavirus news: N-95 mask prices fall 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit, but prices have been reduced after the advisory by the NPPA
CREDAI seeks restructuring scheme to revive realty sector
Also wants new home loans extended at 5% rate of interest
Bank of America Boosts Splunk (NASDAQ:SPLK) Price Target to $208.00
Splunk (NASDAQ:SPLK) had its price objective lifted by Bank of America from $175.00 to $208.00 in a report published on Friday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the software company’s stock. A number of other research analysts have also recently commented on the company. SunTrust Banks dropped their price target on […]
Gold Price News and Forecast: XAU/USD is consolidating gains at the start of the new trading week
XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break
No formal service at Salisbury National Cemetery doesn’t mean the sacrifices were forgotten
One of the largest and most stirring annual Memorial Day ceremonies takes place at the National Cemetery on the grounds of the Veterans Administration Medical Center in Salisbury.
China's Tablet PC Market Report For The First Quarter Of 2020
The epidemic has affected all manufacturers. But the most affected tablet PC maker is Lenovo. Huawei still ranks first with a market share of 40.2%.
Canadian economy entering ‘unknowable times’ because of downturn from pandemic, Poloz says
Bank of Canada Governor says said the most pressing danger stemming from this uncertainty is that it could fuel serious deflationary pressures
Coronavirus lockdown extended till June 30 in Himachal’s Hamirpur, Solan
Hamirpur and Solan districts in Himachal Pradesh will continue with the coronavirus lockdown for a month after the current nationwide phase ends on May 31
M&M organises service support for its vehicles on essential services
Also comes up with finance schemes for frontline staff
Bankers Stay Home as South Africa Inc. Prepares Return to Work
Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week.
Chief Executive of Ghana Commodity Exchange, Dr Kadri, says they are working to reverse the drop in trading due to COVID-19
The Chief Executive of the Ghana Commodity Exchange (GCX), Dr Alfa Kadri has said that they are working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations.
Justice sector budget cuts ‘will negatively impact SA’s corruption fighters’
The department further expects a budget cut to hinder Legal Aid SA's ability provide legal representation for the indigent and vulnerable citizens.
Delhi's Rail Bhavan to be shut again after staffer tests positive for COVID-19
Rail Bhavan will be closed for two days for sanitisation starting May 26 after a staffer tested positive for COVID-19
ECB Facing Testy Stimulus Debate After Call to Scrap Limits
The European Central Bank looks set for another testy debate after one policy maker floated the prospect of removing what many see as an important limit on its powers.
A GST cut can put auto sales on fast track to revival
The question is whether there will be adequate demand and, more importantly, what the government can do to encourage sales. Mint takes a look
Area under gingelly expected to increase in Tiruchi district: official
The area under gingelly is expected to increase by about 200 hectares in Tiruchi district this year, thanks to a push given to oil seed cultivation under the Targeted Rice Fallow Area (TRFA) Oil Seeds
Paper valuation may burn a hole in their pocket
Plus Two teachers grapple with uncertainty of transport services to centres in Tiruchi district
Five business groups urge Ontario to halt commercial evictions during pandemic
Ontario Premier Doug Ford has previously declined to freeze commercial evictions
BTC Dominance Signals Abrupt End to Crypto Altcoin Season
Altcoins across the crypto market may be seeing a pullback according to a buy setup on BTC dominance charts signaled by the TD Sequential indicator.
Migrant workers of Odisha cross into Chittoor from Tamil Nadu
Urge A.P. authorities to arrange transport to their home State
Shaktikanta Das differs with govt over IMF's $500 billion rights plan
RBI governor backed IMF’s plan to issue fresh SDRs for helping crisis-hit members.Fresh SDR issue would have helped least developed and developing nations facing a forex crisis
Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May
The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.
Succession Planning: Along with businesses, even families need to adopt, adapt to secure interests
While most UHNI individuals or families recognize the need for succession planning, not many are disciplined about it. For most, succession planning is something one pays attention to only on nearing retirement.
14 more cases in Kasaragod
On Monday, 14 persons tested positive for COVID-19 in Kasaragod district. Of these, 13 had come from Maharastra and one from abroad. With Keralites stranded in other States entering the State through
Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal
Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%
What to expect as Aryzta prepares to publish results?
A shareholder plan to oust a chunk of Aryzta’s board will be a key focus for investors tomorrow as the embattled Swiss-Irish baked goods company releases third quarter figures.
Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus
The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows.
UK bailout schemes could create coronavirus debt trap, warn banks
Fear businesses could face paying billions in loans just as they try to recover from pandemic
Japan set to lift coronavirus emergency as cases slow
Rest of World News: Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after
Western Australia state hit by ‘once-in-a-decade’ storm
Jon Broomhall, acting assistant commissioner of Western Australia’s department of fire and emergency services, called the storm “a once-in-a-decade-type system.”
Energy efficient lighting being rolled out in Moorabool
WORKS have commenced on upgrading almost 2000 public lights in Moorabool Shire, to be both more energy and cost efficient. Powercor recently began the three m...
People impact of Lagos State budget review
At the outset of the current fiscal year, the State House of Assembly approved a N1.168-trillion worth budget meant to impact lives and enhance the standard of living of Lagosians.
Internationalization of Higher Education in the GCC Countries
Education is an important area of social life, shaping the intellectual and cultural state of society. In the context of globalization, the challenges of time give rise to new trends in it, one of which is internationalization. This process has already swept the whole world, including Arab countries. Some of them, especially the Gulf states, […]
Second Iranian Tanker 'Forest' Reaches Venezuelan Exclusive Economic Zone, Tracking Data Shows
The second tanker follows the first of five Iranian vessels carrying an estimated total 1.53 barrels of gasoline between them. The first vessel, the 'Fortune'...
AUD/USD Price Analysis: Upper end of the contracting triangle caps gains
The AUD/USD pair is currently trading largely unchanged on the day at 0.6530, having faced rejection at 0.6550 during the early Asian trading hours. T
Kyoto hotels hit by 89% slump in foreign stays as pandemic takes toll
Visitors from East Asia, where the virus took hold from the start of the year, plummeted even further.
Only technology exports can secure Australia’s future
Australia finds itself at a historically significant moment. But continued heavy dependence on the export of raw materials to one significant buyer poses an existential risk to our lifestyle.
Business sentiment rises but Covid-19 concerns persist
‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland
India Inc goes back to work with safety measures, strict 'no AC’ rule & plenty of social distancing
These business leaders share the protocols they have set in place as they reopened their workplaces.
WH Adviser O’Brien: US will likely impose economic sanctions on Hong Kong and China if …
Speaking on NBC's "Meet the Press" on Sunday, White House National Security Adviser Robert O'Brien said, “the US will likely impose economic sanctions
Japan to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.
Capex preview
Via the excellent Gareth Aird at CBA:
Stock, Forex, Commodity, Currency Markets Shut For Ramzan
The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).
FMF, others list strategies to curb impact of coronavirus in real estate
Following the impact of the coronavirus pandemic on the real estate sector, stakeholders including five chief executives in the mortgage finance industry have move to cushion the effect on the average Nigerians seeking decent and affordable housing in the country.
Test Research upbeat about 1H20
Test Research (TRI), which provides automatic test and inspection tool solutions, has landed a pull-in of orders for networking and server applications since the fourth quarter of 2019. The order pull-in momentum is expected to persist throughout the first half of 2020, according to the Taiwan-based company.
Asian shares climb, Tokyo gains on hopes for reopening
TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.
Senior markets operative jumps ship to MST Financial
Gerard Satur's MST Financial has made another high-profile hire.
Campari: Stock Is Too Expensive As Restaurants Remain Closed
First impact from COVID-19 could be seen in Q1 results, where profit halved compared with the same period last year. Further drop in sales and profit is expecte
Massive fire destroys a quarter of Pier 45 at San Francisco’s Fisherman’s Wharf
(CNN) — A four-alarm warehouse fire that broke out at Pier 45 in San Francisco has been contained, the city’s fire department said Saturday afternoon....
Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers
Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.
Fiji Airways terminate 775 staff: 'Devastating' airline sackings highlight the need for travel bubble
Fiji Airways' decision to let go nearly 800 staff due to the Covid-19 pandemic highlights the importance of establishing a Pacific "travel bubble" as soon as possible, an aviation expert says.
Insider Trading? OmiseGo (OMG) Surges 200% Just 15 Minutes after Coinbase Listing, but then Crashes Immediately
San Francisco-based cryptocurrency exchange Coinbase began supporting trading with OmiseGo (OMG) on May 21, 2020. The OMG token price surged 200% in only 15
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl.
Demand for budget-friendly homes surges amid layoffs, pay cuts
As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.
UK's Sunak authorises bailout to rescue strategically important companies
Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options
Japan ends state of emergency, eyes fresh $1.5trn stimulus
Japan's economy minister said the government had received approval from key advisers to remove the state of emergency for Tokyo and all remaining regions.
Asian shares climb, Tokyo gains on hopes for reopening
Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.
Japan to end Tokyo’s state of emergency, eyes massive new stimulus
World’s third-largest economy has escaped an explosive coronavirus outbreak
International flights to Greece will only land at Athens Airport until June 30
The Hellenic Civil Aviation Authority (CAA) extended the notice to Airmen (NOTAM) that states all international flights to Greece will only land at Athens
Another Digital Bank to Launch in the Philippines, as Government Aims to Offer Virtual Banking Services to Filipinos Working Abroad
An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19. The nation’s government has confirmed
Asia stocks mostly up on lockdown easing but Hong Kong extends losses
HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...
Gold rates today hikes in Delhi, Chennai, Kolkata, and Mumbai - 25 May 2020
Gold rates today on 25 May 2020: Gold rates have increased by a slight margin on Monday. These gold rates have been on rise after a fall for the last couple of days.
Oil falls as US-China tensions take toll
Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China are beginning to weigh on sentiment.
Branson's Virgin Orbit fails to launch rocket from 747
A crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk's SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.
Covid-pushed business spike sends fintech ClearTax on hiring spree
At a time when most business giants are stuck in firing dilemmas, India's fintech bellwether player ClearTax is getting busier on its hiring spree.
Covid impact: Private banks set aside over 75% of operating profit as provisions in Q4
All of them provided aggressively in view of the Covid-19 outbreak and the repayment moratorium, which also requires pre-emptive provisioning. Some red-flagged risks that could arise out of the retail unsecured segment.
Global shares up as recovery hopes overshadow virus worries
TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...
Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200
Analysts are now noting that there is a chance this recent Bitcoin decline marks a “huge bear trap” that could be followed by further upside.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
China to further crack down on manipulation of financial market
China has strengthened the effort to crack down on manipulation of financial markets in an effort to prevent and resolve financial risks, according to China’s top Chief Justice.
South Carolina teen creates business to help with mask shortage caused by COVID-19
A South Carolina teen decided to start his own mask business to help with the shortage caused by COVID-19.
Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900
Bitcoin has seen much of its recently incurred technical strength degrade over the past 48 hours, and one analyst is now targeting $5,900
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
Godrej CEO: Focus to be on driving growth as margins are quite reasonable
Till February, the company witnessed an industry-leading 5% year-to-date volume growth. However, the spread of the virus and the eventual lockdown in many geographies of our operations resulted in zero sales in the last 10 days of March.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
Lebanon’s migrant workers’ plight worsens as crises multiply
BEIRUT (AP) — Long before the pandemic struck, they lived and worked in conditions that rights groups called exploitative — low wages, long hours, no labor law protections. Now, some...
Macron Set to Unveil Aid for Embattled French Auto Industry
French President Emmanuel Macron is set to announce measures to support the auto industry before other European governments, highlighting the crucial role the sector plays in the economy and how hard it has been hit by the coronavirus pandemic.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Silver's Silver Lining
Investors may consider some exposure to silver as the multi-year, supply-demand surplus scenario looks to be transitioning towards a more favorable picture. On
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
'Companies remain fundamentally bad at risk management'
The COVID-19 pandemic has highlighted gaps in the way many organisations deal with risks in their business, especially around cyber-security.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Why choose a business course? Creativity, teamwork alongside enterprise
Consider average class size, work experience, project work when choosing your course
Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance
This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).
Probe Dangote’s human right abuses in coal mining communities, group tells FG
GIFSEP asked the FG to probe reported human right abuses on coal mining communities, particularly attributed to the Dangote Coalmine in Kogi.
Hindustan Zinc Rating: Buy — A steady performance in the quarter
But for Covid-19, volume scenario for FY21 was bright; dividend outlook and execution of 1.2-mtpa project behind ‘Buy’ rating
China’s Big Lenders and Fintech Firms to Distribute Virtual Yuan Tokens, which will be Highly Traceable, Potentially Amplifying Government’s Power: Report
Andy Mukherjee argues in a recently published Op-Ed in the Washington Post that the virtual yuan could potentially transform “the relationship between money,
Transat extends Air Canada takeover timing following European regulatory review
TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.
ASX to open higher, $A steady
Australian shares are poised to advance, extending Monday's surge. German shares lift on Lufthansa rescue.
IPG Photonics: Buy On Weakness
IPG owns one of the safest and strongest balance sheets in corporate America. The long-term trend of rising demand for lasers of all types puts the wind at your
Newmont Corporation: Digging Into The Q1 Results
Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above
Australian Prime Minister Rolls Out Plan to Save Economy as China Slaps Tariffs on Country's Exports
Trade relations between the two geographic neighbours reached a new low as Beijing banned several Australian beef-exporting companies and slapped an 80% tariff on the...
Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout
Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.
Quarantined investors create ‘perfect storm of stupid’ (Plus, a TSX stock skyrocketing on the shift to remote working)
A roundup of investment ideas for active investors
Is deflation set to become Economic Enemy No 1?
Amid all the uncertainties that lie ahead is the possibility of deflation setting in post-Covid-19. Negative inflation rates would create an even steeper and longer hill to climb out of economic recession than we are already expecting. It will all come down to whether demand under- or over-shoots supply. The jury is out.
Realme Power Bank 2 released: 10000 mAh + 18W two-way fast charging
Realme Power Bank 2 released: 10000 mAh + 18W two-way fast charging. This new power bank from Realme is sold for Rs 999 ($13).
New Bank of Canada Governor Faces Stagflation, Rosenberg Says
Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.
UK to reopen thousands of shops in easing of coronavirus lockdown – Johnson
LONDON, May 25 (Reuters) - Britain will reopen thousands of high street shops, department stores and shopping centres next month, Prime Minister Boris Johnson said on Monday, setting out a timetable for businesses as part of moves to ease the coronavirus lockdown.
As GDPR turns two, some are doubting the Irish Data Protection Commission's ability to enforce rules
It's been two years since the European Union's General Data Privacy Regulation (GDPR) went into effect, with sweeping changes to how companies are able to handle customer data. It's also inspired similar rules that were adopted in the US, such…
Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
Realme Buds Q, Buds Air Neo, 30W Dart Power Bank and more launched in China
Realme seems to be firing on all cylinders as the company expanded its product catalogue n India and China with the launch of several products, including the X50 Pro Player Edition smartphone. The India launch event saw the unveiling of the Realme Smart TV, Buds Air Neo earbuds, 10000mAh Power Bank 2 and the brand’ …
Coronavirus lockdown | UK to reopen thousands of shops next month, says Boris Johnson
Johnson is keen to restart an economy which has been all but shut down since Britain entered a lockdown to try to stem the spread of disease.
EU to announce green strings for post-pandemic funding
The European Union is due to announce economic recovery plans which could be up to one trillion euros and wants to pull Europe out of the crisis with green measures.
Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact
Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over
Heatwave Intensifies In North India, Delhi Sizzles At 46-Degree
Heatwave conditions intensified in most of the northern states of India on Monday, with Churu in Rajasthan scorching at 47.5 degrees Celsius and the mercury breaching the 46-degree mark in parts of the national capital.
Europeans Save Less, Spend More As Economy Lags
European consumers are saving more to safeguard against the pandemic economy, which analysts say will hinder economic recovery.
CRA extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
PCCI supports cut in corporate taxes
The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.
Japan lifts emergency in Tokyo
Stimulus plan to be funded by 2nd extra budget, Abe support at record low
Gold Price Analysis: XAU/USD meets a plateau as global CODVID curve peaks
The price of XAU/USD is at $1,727.88, -0.45 and has sunk from a high of $1,735.67 falling to $1,721.61 on the day. Gold is a complicated mix of deflat
GCash registrations increase by 250%
Globe Telecom Inc. saw an increase in mobile wallet users amid the enhanced community quarantine in the country.
Shoppers line up in downtown Montreal as retailers reopen to public
MONTREAL - Eager shoppers lined up outside some stores in downtown Montreal on Monday as retailers in the city were allowed to reopen for the first time sin
Capturing The Trend In Cryptocurrencies
Bitcoin's price volatility reaches 6-year high. The upward momentum of cryptocurrencies can create enormous returns on investment, but the downside risk is subs
Petrol pumps closed in different areas of Karachi over lack of supply
The pumps have been closed down due to depletion of petrol stocks
121 electric co-ops comply with order to help consumers
The Philippine Rural Electric Cooperatives Association Inc. said Monday the 121 electric cooperatives in the country complied with all the directives of regulators to protect the interests of consumers during the enhanced community quarantine period.
Outdoor markets and car showrooms can open next week in England
Boris Johnson announces other non-essential retail premises can reopen in three weeks
Arista Networks: Free Cash Flow To Drive The Stock Back To $300
Arista Networks displays a stellar balance sheet and juicy net profit margins. Discounted cash flow model points towards a return to $300/share, with prudent gr
Amphan damages nearly 3 lakh hectares of farmland in Bengal
Cyclone Ampan has dealt a severe blow to the agriculture sector in West Bengal. The storm damaged nearly 3 lakh hectares of farmland in the state. Bengal is now staring at a huge financial loss in
Understanding VC cycles for post-pandemic success
VC investing is currently in a 'triage' stage. Here's a look at how that will change as we gradually emerge from the pandemic.
Karan Johar confirms two household members test positive for coronavirus
Filmmaker Karan Johar has confirmed that two members of his household have tested positive for coronavirus. Taking to Twitter, Johar said that his domestic staff had been diagnosed with the illness. However, he did inform his fans that his family was fine, including mother Hiroo and children, Yash and Roohi. He said, “I’d like to […]
Federal government launches hotline to offer businesses advice amid COVID-19 pandemic
The federal government has partnered with the Canadian Chamber of Commerce to launch a hotline to provide free advice to businesses.
Analysis: Will Europe unite around the EU's coronavirus recovery plan?
Euronews' political editor Darren McCaffrey looks at the splits over the EU's coronavirus recovery plan.
UCD academics call for virus safety incentives for businesses
Study shows businesses that invest in workplace safety 20% more likely to ‘go under’
SA's corruption fighters may be crippled as justice sector faces cash crunch over Covid-19
The fight against corruption may falter while the country deals with the Covid-19 pandemic, as a budget cut of R1.7 billion is being "bandied about" for the already perennially cash-strapped justice sector.
GHMC stops construction on Osmania University lands
Greater Hyderabad Municipal Corporation has stopped alleged unauthorised construction activities on Osmania University lands on Monday.
Amazon Launches Food Delivery Service With “Amazon Food” In India
Amazon is starting to offer online food delivery, which is called Amazon Food, in Bengaluru.
Hong Kong And Chinese Markets Face Economic, Political, Technical Headwinds
Stocks Analysis by Candy Matheson covering: Hang Seng, Shanghai Composite. Read Candy Matheson's latest article on Investing.com
Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales
How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.
Heatwave intensifies in India, Churu hottest at 47.5 deg C
Heatwave intensifies in India, Churu hottest at 47.5 deg C. The India Meteorological Department, which had issued a red colour-coded alert for north India for May 25-26 when the prevailing heatwave conditions are expected to peak, said dust and thunderstorms are likely to bring some relief on May 29-30.
British cheesemakers call on consumers to buy Stilton as sales plummet 30%
The makers of the famous English cheese Stilton -- first British cheese to be awarded the protected designation of origin status -- are worried about the future after a sharp drop in sales since the introduction of containment and the closing of borders during the pandemic.
Bank of Canada head: inflation could return to target more slowly
Bank of Canada head: inflation could return to target more slowly
Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?
Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...
Brazil still plans to privatize 43 airports through 2022: minister
Brazil still plans to privatize 43 airports through 2022: minister
Hyderabad firm launches advanced version of e-procurement tool
Hyderabad-based Acads360 India has unveiled the advanced version of its e-procurement tool, PRM360 -the Covid-19 management solution, to address the procurement challenges confronted by manufacturing sector.
South African bankers work from home
“We have established that we can work very effectively from outside of the building.”
Fighting Covid-19: TMH initiates sample pool technology for testing
Tata Main Hospital (TMH) over the last one month, has conducted 1650 Real-time Reverse Transcription–Polymerase Chain Reaction (RT-PCR). diagnostic test for COVID-19. In view of the increased demand for testing as a result of migrant workers reaching Jamshedpur, TMH has initiated sample pool
Canada's banks to cement status as solid investments in a crisis
Canada's banks to cement status as solid investments in a crisis
Family’s calls kept them going
Three guest workers survive on biscuits and water and cycle away non-stop to reach home There were times in their journey when they wanted to give up, but then a call from their family would give them.
EU-Startups Job Board: 5 exciting startup jobs waiting for you in sunny Spain
With many Spanish cities now in phase 1 or phase 2 of the ‘de-escalation’ of the quarantine, many more startup jobs and opportunities are opening up. The EU-Startups job board, which we just relaunched, is proof of this, having received a small influx of jobs the past few days. Whether you’re a m
L&T Rating: Buy — A modest showing in the final quarter
FY21/22e EPS down 15% to factor in Covid-19; TP cut to Rs 1,394; ‘Buy’ maintained
Responding to the Covid economy Part 1: Understanding supply and demand shocks — Ong Kian Ming
MAY 25 — It has been more than 2 months since the 18th of March 2020, which was the start of the movement control order (MCO) in Malaysia. The full extent of the negative economic impact domestically will not be known for a few months. But as we approach the 9th of June, 2020, and hopefully, the...
New push to allow South Africans to access their retirement funds during coronavirus lockdown
Trade federation Cosatu has submitted an urgent request to Finance minister Tito Mboweni, to allow workers to access part of their retirement fund savings for coronavirus financial relief.
Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore
The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.
Startup Livspace lays off 450 employees on adverse business impact from COVID-19
Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers and vendors.
Chandigarh aims to plant 2.55L saplings in 2020-21
The 2019-20 Greening Chandigarh Action Plan had a target of plantation of 2.53 lakh trees. The forest department managed to achieve the surplus task by planting and distributing 2.80 lakh plants.
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
Dr Reddy’s Rating: Neutral — A strong performance in the quarter
FY21/22e EPS up 2/5%; TP raised to Rs 3,775 from Rs 3,490; ‘Neutral’ retained as valuations capture positives
China condemns US blacklisting dozens of its firms
China condemned the U.S. adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate further.
BSE, NSE shut today on account of Ramzan Id
On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.
Nordic investors turn up heat on coal in climate campaign
Nordic investors turn up heat on coal in climate campaign
US unemployment rate could rise to above 25% - Goldman Sachs
Analysts at Goldman Sachs now estimate the US unemployment rate could rise to above 25%. The jobless rate was previously forecasted to peak at 25%. Th
Washington man allegedly falsely sought $1.5M in coronavirus biz relief funds
A Washington state software engineer is charged with fraudulently seeking over $1.5 million in coronavirus relief funds intended for small business loans, prosecutors announced Friday. Issaquah
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
Top 5 Things to Know in the Market on Monday, May 25th
Top 5 Things to Know in the Market on Monday, May 25th
Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%
Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.
Obuasi East DCE presents 11,500 oil palm seedlings to farmers
Farmers in the Obuasi East District have praised the District Chief Executive Honorable Faustina Amissah for the successful implementation of the NPP Government's Flagship Program Planting for Export and Rural Development (PERD).
Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore
The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.
Who Wins In Recessions? The Rich And The Lucky
While virtually everyone else has been struggling through the COVID-19 recession, billionaires added more than $400 billion to their wealth.
H&J Smith looking to close stores
H&J Smith Group says it is considering closing stores in the South, affecting 175 staff, as it tries to secure its long-term future.
South African taxpayers to pay for ban on cigarettes and alcohol: expert
The South Africa Revenue Services (SARS) has predicted that it will lose around 15% to 20% of its tax revenue this year as a result of the nationwide Coivid-19 lockdown.
Newmont Stock Has Doubled. Is It Still A Buy?
Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?
ARA: ‘Retailers Need More Flexible Trading Hours’
The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to recover from the COVID-19 lockdowns.
Boot Your Pi Over USB
Historically, booting a Raspberry Pi required an SD card. However, if you follow [tynick’s] instructions, you can get a Pi 4 to boot from the USB port. Combine it with a small solid state dis…
Global shares rise on hopes for economies' gradual reopening
Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Cosmic 'Ring of Fire' 11 Billion Years Ago: How did structures in early universe form?
Astronomers have captured an image of a super-rare type of galaxy -- described as a 'cosmic ring of fire' -- as it existed 11 billion years ago.
OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20
Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.
Govt's wheat procurement surpasses last year's level of 34.1 million tonnes despite COVID-19 hurdles
Wheat procurement target has been set at 40.7MT for the 2020-21 marketing year. Although the wheat marketing year runs from April-March, the bulk of procurement is normally done in the first three months.
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Cape Town based online retailer gets R100 million investment
Cape Town based e-commerce fashion retailer RunwaySale says it has received an investment of R100 million from international private equity firm, SPEAR Capital.
Pandemic Receding, Investors Review The Fallout
But if we are dealing with this come July, markets are going to reassess big time.
China Will Use Its Digital Currency To Compete With The USD
Digitization of currency is inevitable — it is whether or not it is cryptocurrency that prevails that will determine whether that will be at the hands of nation-states battling with one another, or a set of independent peers cooperating with one another.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany stamps authority on Lufthansa with $9.8 billion lifeline
History Repeats As Brazil Delivers Another Iron Ore Boom
Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.
Here’s How Much Money Private Investigators Make In Every State
Find out where private investigators earn the most money in the United States, and where they earn the least.
The big growth leap: Covid gives India the opportunity to get growth without massive investment
Covid gives India the opportunity to remove a 70-year incubus and get growth without having to invest massively.
Rand slips on US-China tensions
South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.
Dollar holds advantage as Hong Kong tensions test risk-wary investors
Dollar holds advantage as Hong Kong tensions test risk-wary investors
What Do The Latest PMI Surveys Suggest About The State Of The Economy?
Is the economy contracting at a slower pace than in April? Is more coronavirus relief on the way for Europe? The latest on equity market performance.
Green shoots for drought-hit agricultural stocks
With many agricultural firms at multi-year highs it is easy to see why attention is on the sector. But investors must pragmatic about the cyclical challenges.
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
Dublin-based Buymie expands its online supermarket to the UK via partnership with Co-op
Irish startup Buymie, the personalised online grocery delivery provider, has teamed-up with major supermarket Co-op to offer same-day home grocery deliveries and full personal shopping services across Bristol as a first UK city deployment. We featured Buymie this month in our list of 10 online super
Speed up civil works at Yadadri project, officials told
Roads and Buildings Engineer-in-Chief I Ganapathi Reddy instructed officials to speed up civil works taken up as a part of Yadadri development project.
Buy Colgate ; target of Rs 1520: Motilal Oswal
Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.
Avoid low-interest COVID-19 personal loans, unless strapped for cash
This is the time to utilize your emergency fund. If you don’t have one, partially use investments meant for your long-term goals
Australia gives companies a six-month break from earnings forecasts
Australia gives companies a six-month break from earnings forecasts
Hindalco helps S’pur women earn living
When the Covid-19 pandemic is turning life upside down and leading to widespread job losses, a group of dedicated women in Sambalpur district have insisted on efforts in empowering themselves financially with the support of the Hindalco. These women from Hirakud have already prepared more than
5-yr-old reunites with parents in Bengaluru as flights resume
5-yr-old reunites with parents in Bengaluru as flights resume. Vihaan Sharma went on a small holiday to Delhi to visit his grandparents in February. However, that vacation got prolonged as a coronavirus lockdown was imposed pan India in March.
Japan set to lift coronavirus emergency as cases slow down
The country has been spared the worst of the pandemic.
Business owners urged to adjust to survive
MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dw...
RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers
The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.
The Right To Bear Crypto? Trump Allies Introduce Comprehensive Blockchain Bills
In 2020, two Pro-Life, Pro-Guns, and Pro-Trump Conservative Republicans in Congress could now be designated as Pro-Crypto and Pro-Blockchain.
Earnings Estimates Decline Further, Pushing Stock Market Valuations Even Higher
Stocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, SPDR S&P 500, Apple Inc. Read Michael Kramer's latest article on Investing.com
Gold Price Analysis: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday.
Safaricom retains top position as East Africa's most valuable firm
Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out
Estonia sees 20%-drop in foreign tourists in Q1
As the effects of COVID-19 spread and related restrictions become visible in quarterly statistics, in the Estonian tourism industry a drop over 20% of foreign visitors in the first quarter of 2020 has been recorded in statistics from the Bank of Estonia as quoted by ERR.
HomeCapital gets fresh funding from Varanium NexGen, others
Startup helps homebuyers with a down payment assistance programme
Bharti Telecom to sell $1 bn stake in Airtel
Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.
Covid-19 gulps EABL profits down by all of $28.7m
The brewer issued a profit warning following Covid-19 regulations to close bars.
Palm Done Right pushes #SayItOnTheWrapper campaign: ‘Stop hiding palm oil use behind unclear ingredient names’
The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator.
Staying Connected - With Bars And Restaurants Locked Down, Can Innovation Sustain Drinks And Food Sector Entrepreneurs?
U.K. Bars and restaurants remain in lockdown, a situation that also affects food and drinks suppliers. Rum entrepreneur, George Frost says innovation, flexibility and a willingness to help out partners are vital at this time.
Southern Company: Still A Stock To Own?
In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.
Productivity over meetings: Survey reveals what developers want to be more productive at work
During the survey, when developers were asked what they would need to achieve 100 percent productivity at work, 70 percent of developers opted for fewer meetings.
Safaricom retains top position as the most valuable firm in the region
It has a market capitalisation of $9.96b, a net income of $598m and $10b worth of market value.
Australian dollar to the moon as freedom dies
See the latest Australian dollar analysis here:
Allow higher workforce for factories in green, amber zones to meet rising demand: Parle Products
Restrictions on number of workers in factories located in green and amber zones, specially for food products companies, need to be relaxed as meeting demand will become difficult and can lead to scarcity, according to a senior official of biscuits major Parle Products.
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Holness pledges $750,000 to support NCU students affected by COVID-19
Prime Minister Andrew has pledged three quarters of $1 million from his Positive Jamaica Foundation to the Northern Caribbean University's Alumni to fund scholarships and grants for students affected by COVID-19. In a message...
China points direction for post-pandemic world – The Global Times
The Global Times reports that China is "pointing out the correct direction - improving and reforming globalization; upholding multilateralism - for th
SA wine industry still reeling from effects of exports ban
Wine exports were prohibited for five weeks during the strict national lockdown under level 5.
Challengers beat incumbents on account opening experience
Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.
Japan set to lift coronavirus emergency as cases slow
Compared to hard-hit areas in Europe, the United States, Russia and Brazil, Japan has been spared the worst of the pandemic, with 16,581 cases in total and 830 deaths.
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Singaporean Mobile Marketplace Carousell Launches Hong Kong Property Platform
The feature, called Carousell Property, provides listings of local and overseas residential and industrial properties for sale and rent through its Carousell mobile application.
NASDAQ Awaits Other Indices To Follow Its Lead; V-Recovery In Place (For Now)
Stocks Analysis by Declan Fallon covering: S&P 500, US SmallCap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Deploy Bear Call Spread strategy in Nifty as weakness expected to continue
Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.
EU must present united front to shield pandemic-hit banks: regulator
EU must present united front to shield pandemic-hit banks: regulator
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
KHADC, dist officials inspect farmers market
SHILLONG: Officials of the district administration and Khasi Hills Autonomous District Council (KHADC) inspected the wholesale farmers market (Iew dielang) on Sunday.The inspection came in the wake of a meeting to discuss the farmers’ plight. The KHA
One-stop spot for fresh vegetables
SHILLONG: Defying the lockdown’s topsy-turvy effect on trade and commerce, the small vegetable growers from various hamlets around Upper Shillong area have created a makeshift market in downtown Shillong which is turning out to be one-stop spot for d
EUR/USD Price Analysis: Peeps above 1.09, but range play continues
EUR/USD is looking to begin the week on a positive note. The pair is currently trading at 1.0905, representing marginal gains on the day. However, des
Buy Essel Propack; target of Rs 200: Motilal Oswal
Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.
'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'
With more rate cuts expected, we expect bond yields to remain soft in the near term.
Fiscal reforms: State's borrowing to be difficult
With more stipulations to adopt several reforms, it seems to be difficult for the State Government to opt for additional market borrowing in midst of the Covid-19 pandemic. While the State Government has been undertaking several reforms on continuous basis, asking the State during Covid-19
Parliament committee wants TTCL audited over unclear debts
The Parliamentary Public Accounts Committee (PAC) has called for a thorough management audit of the Tanzania Telecommunications Company Limited (TTCL) to establish areas of reform that would improve
Angel investors examine exit options in Egypt after end of holding period
While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.
Vijay Deverakonda is a ‘hot mess’ in new pic
Telugu sensation Vijay Deverakonda has shared a photograph on Insta account and called his appearance in the photo a "mess".
Farmers, ranchers adapt to new eating routines amid pandemic
“We woke up one day, and all the restaurants were closed. All of them,” said Felix Florez, the owner of Black Hill Ranch, a hog farm in Cypress. Just like that, the coronavirus pandemic changed his bu
Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%
The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.
Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr
Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.
If you invested R100 in these companies on 1 January 2020, here is how much you would have today
Sasfin Securities deputy chairman David Shapiro has revealed the biggest winners and losers on the JSE, NYSE, and the NASDAQ exchange this year.
Pandemic has increased money anxiety. Therapists hope to cure that
Interest in financial therapy rose after the 2008 recession, as Americans confronted their fears about money. The field has become relevant again, professionals say
Gold Trading Along Last Week’s Lows
Commodities Analysis by Sunshine Profits (Paul Rejczak) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com
Why Is 3sYqo15hiL Such A Popular Password?
Let's go all Scooby-Doo and unmask why 3sYqo15hiL is such a popular password
Realme launches Buds Q, Buds Air Neo and two power banks
Realme's new TWS earbuds boast 20h and 17h of playback, respectively.
Dunedin no longer to be port of call for ship
A shipping company carrying about 15% of the container volume through Port Otago has decided to stop coming to Port Chalmers. The ship Xin Zhang...
AU Day: Coronavirus has underscored the need for global assistance to African countries – MFA
The Ministry of Foreign Affairs, has reiterated the need for global aid to third world countries – mostly on the African continent, in the wake of the deadly coronavirus.
Still A Lot of Value in Corporate Bond Market
Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c
2.4 lakh subsidised Tirupati Laddus sold in AP on day-one
About 2.4 lakh 'Tirupati laddus' of the hill shrine of Lord Venkateswara at Tirumala near here were sold on the first day of sales at subsidised price in headquarters of 12 districts in Andhra Pradesh on Monday, a temple official said.
Industry insider reveals the true impact of the lockdown on the South African travel industry
An industry insider has provided real-world facts and figures on the impact of the extended lockdown on the South African travel and tourism industry.
Realme launches 10000 mAh Qualcomm Quick Charge 4.0 Power Bank 2 in India for US$26
Alongside the Realme X50 Pro, the Realme TV, the Realme Watch, and a whole host of upcoming devices, Realme launched the Realme Power Bank 2, a US$26 10000 mAh charger with Quick Charge 4.0 technology.
OSIRIS-REx Asteroid Sample Collection Set for October 20th
After more than a decade of work and much anticipation, the University of Arizona-led OSIRIS-REx mission will swipe a sample from the asteroid Bennu's rocky surface on Oct. 20 from the Nightingale sample site.
Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’
Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...
Dunedin no longer to be port of call for ship
A shipping company carrying about 15% of the container volume through Port Otago has decided to stop coming to Port Chalmers. The ship Xin Zhang...
India sharply cuts exposure to US govt securities to $156.5 billion in March
In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.
FRSC rescues woman in labour - The Nation Nigeria
The Federal Road Safety Corps (FRSC) on Saturday rescued an expectant woman struggling to drive herself to hospital amid labour pain.
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
Reliability of power supply questioned
The reliability of the two power lines bringing electricity to Wanaka from Cromwell is being questioned by Aurora Energy whistle-blower Richard...
The one thing these great ICT companies have in common
There is one thing top South African IT and telecommunications companies have in common.
No bad bank yet: Govt plans reforms in asset recast space
The government first wants to ensure that structural reforms are initiated in the asset reconstruction space to boost the performance of existing companies.
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Acceptance of tech will lead Australia’s business transformation
To throw light onto the other side of the COVID-19 canyon, AFR Magazine seeks out those who have proven they can see beyond the horizon – and Rethink.
F1 News: Aston Martin set for first major change since Stroll takeover
Aston Martin looks set to make its first major management change since the arrival of investor Lawrence Stroll earlier this year, with CEO Andy Palmer tipped to be replaced
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
Tech revolution: Human touch will be irreplaceable in financial services
With the help of technology and greater access to content Indian financial markets are moving from a push market to a pull market.
Youth wing of church distribute groceries to needy in Hyderabad
The youths of the Bethel Marthoma Syrian Church, Neredmet distributed grocery kits to the residents of Vinayak Nagar.
Tech and property upgrades on the way for Victorian kinders to support three-year-old roll out
Kinders throughout Victoria have been invited to apply for grants for facility upgrades and the purchase of new technology to prepare them for the roll-out of funded universal Three-Year-Old Kindergarten, the Victorian Government announced late last week.
Ferronova secures $3.5m funding for cancer trials
Ferronova has developed technology to help surgeons detect if cancer causing a solid tumour has spread to surrounding cells, it has raised VC funding to prove it works.
Bata India Q4 net profit down 57% to Rs 38 crore
The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.
China space program targets July launch for Mars mission
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said.
All About The Bitcoin Halving
Bitcoin just underwent a halving, the third in the cryptocurrency's history, on March 11. Every transaction in the entire history of Bitcoin is recorded on ever
Rally likely in oil prices but upside may be capped on uncertain demand outlook
We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.
Rwanda deploys hi-tech robots in fight against Covid-19
Kigali – Rwanda has deployed five hi-tech robots for use at hospitals to help control the spread of the novel coronavirus in the small East African nation.
CBIC clears Rs 11,052 crore GST refund claims since April 8
The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
UW Medicine to furlough about 4,000 workers
UW Medicine announced furloughs of about 4,000 members of its unionized workforce in spite of the healthcare-system’s position at the forefront of COVID-19 response efforts both locally and globally.
Consumer Spending And Demand Has Changed Due To The Pandemic
The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.
Slump in consumption, exports push Germany into recession in first quarter
Slump in consumption, exports push Germany into recession in first quarter
Pomlum villagers devoid of ration cards, govt cash aid
SHILLONG: As is the case in most other Dorbars, Pomlum is no exception when to comes to receiving cash benefit for the registered daily wage earners. This suburban area, only about 10 km from here, is also devoid of the benefit of ration cards.With m
Merkel's conservatives want stimulus package to include tax relief: document
Merkel's conservatives want stimulus package to include tax relief: document
Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales
Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has raised its price target on Wesfarmers by nearly 20%.
1.52L students avail CM Medhavi Vidyarthi Yojana
About 1.52 lakh students are on the verge of becoming doctors, engineers, lawyers, architects, business managers etc by availing the Mukhya Mantri Medhavi Vidyarthi Yojana launched in the academic session 2017-18 by Chief Minister Shri Shivraj Singh Chouhan to remove the financial difficulties
China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19
China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.
Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra
According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.
“Opposition is raising bogey of J&K “demography” for vote bank”
May 24, 2020: New Delhi: Lashing out at the opposition political parties, Union Minister Dr Jitendra Singh said here today that the opposition is raising the bogey of Jammu & Kashmir “demography” for vote bank because it is apprehensive that the new Domicile Rules Notification will not enable it to continue thriving on limited pockets […]
Almost 90 jobs go from Invercargill licensing trust
Eighty-seven of ILT's 606 workforce will be made redundant after staff restructuring due to Covid-19 impacting the hospitality sector. ILT chief...
Domestic visitors bring hope
As autumn leaves fall, optimism in the face of Covid-19 is on the rise in the Waitaki Valley. There were signs that domestic tourists were starting...
'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'
Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.
Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on
South Africa’s richest people recover some lockdown losses
South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.
LB Junior Colson commits to Michigan over Tennessee, Oregon
May 24 (UPI) -- Linebacker Junior Colson, one of the top prospects in the state of Tennessee, announced Sunday that he is committing to Michigan.
How to build an emergency fund
The financial problems caused by the pandemic has made everyone realise the importance of maintaining an emergency fund
Cree Stock Headed Below $35?
Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...
Aston Martin's chief to leave as a part of shake-up
GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...
Sovereign rating: Economists shrug off downgrade fear amid Covid crisis
Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.
Big storm hits Western Australia
Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth...
Meghalaya govt concerned over harassment faced by state returnees on way home
SHILLONG: Meghalaya Deputy Chief Minister, Prestone Tynsong has expressed concern over the harassment faced by the returnees who were on their way to the state.“Our students suffered a lot. I am sorry to say that”, he told reporters on Monday. He inf
Germany stamps authority on Lufthansa with $9.8 billion lifeline
The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.
ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May
The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.
Time to go digital: Important for SME sector in India to get a digital transformation
It is essential that SMEs consider rapid digitalisation to avoid loss of productivity or their competitive advantage.
Huawei seeks stable chip supply from Samsung and Hynix
Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.
Corporate governance: SBI weighed down by its own laws, says IiAS
The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.
Tiger Brands faces R500 million-plus hit to profit because of lockdown
South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.
Gold – the solution to a $5,300,000,000,000 money printing problem
Defend your portfolio against inflation with gold.
Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020
Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.
Shares in depository account can be used as margin till August 31: SEBI
The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.
Nissan and Renault shelve merger plans to repair their alliance: sources
Nissan and Renault shelve merger plans to repair their alliance: sources
Farmers use technology to boost sales
SCORES of farmers in Clarendon have been using locally developed technology platform
Thousands without power in Western Australia after once in a decade storm
Wind speeds of up to 132 km/hour (82 mph) were registered at Cape Leeuwin, one of the state's most south-westerly points early on Monday, the strongest May gusts in 15 years, according to the Australia Broadcasting Corp.
US urges probe into alleged ethics breach by African Development Bank
The letter, dated 22 May, was sent to the chair of the AfDB's board, Ivorian Planning and Development Minister Niale Kaba.
Massive fire breaks out in Apoorti market godown
Grocery goods and general goods turned into ashes after a massive fire broke out at godown of Apoorti Super market at Govindpura Industrial area in the morning on Sunday. The godown of Apoorti Super market was gutted in fire due to short circuit borne fire in the early morning hours and locals
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Growth Of Million-Dollar, One-Person Businesses Accelerates
US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.
Finances And Coronavirus: Threats And Opportunities In Lockdown Era
The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term
More people seeking help at Nth Canterbury food banks
Food banks are helping a part of the North Canterbury community they don’t normally have to support as the Covid-19 crisis continues to bite....
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Chocolate company adapts to new normal
A restructure in the wake of Covid-19 has put Jim O’Malley back at the helm of Dunedin chocolate-maker Ocho. Before the outbreak, Ocho was...
Want a greener recovery? Here are three ways to do it
As policymakers search for ways to jumpstart an economic recovery, several members of Congress are renewing a push for a massive green stimulus package.
Masiyiwa brings smiles to rural village, completes 100kw solar power project
PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district.
Buy VST Industries; target of Rs 4000: ICICI Direct
ICICI Direct is bullish on VST Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 22, 2020.
Big storm hits Western Australia
Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth...
Slate Asset Management launches $500-million fund to finance COVID-hit companies
Toronto-based Slate plans to offer bridge financing, loan restructuring, as well as preferred equity purchases as the industry deals with a massive drop in rent payments
Mall REITs - Under Threat From The Lockdown Flight To Online Shopping
Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.
World Bank’s approval for Nigeria’s $1.5b cash coming July
The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country ...
99% MSMEs won’t benefit from Centre’s loan scheme: Chavan
As part of the stimulus package to revive small businesses from the financial damage caused by the prolonged coronavirus-induced lockdown, Union Finance Minister Nirmala Sitharaman had announced Rs 3.70 lakh crore collateral-free automatic loans for businesses, including MSMEs.
COVID-19: Worries grow that consumers won't come back to malls
Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay fo
Prices of Japanese premium melons plunge amid coronavirus outbreak
A pair of premium Japanese melons sold Monday for just a slice of the five million yen (US$46,000) reached at auction last year, as the ...
EDITORIAL: Reform to benefit farmers
Agriculture contributes 26 per cent of the gross domestic product.
Mumbai: Doc served notice for prescribing test, but all 3 patients positive
Local BJP corporator Priti Satam, who met Assistant Municipal Commissioner, P-North (Malad), Sanjog Kabare, on May 23, said the test results of all three were positive.
Minor fire causes evacuation of Target store in central Las Vegas
A small fire inside a Target store Monday afternoon caused an evacuation of the business in central Las Vegas.
Pandemic personal finance update finale: A 10-point checklist of things you should have done by now to protect or improve your money situation
This tenth, and last, instalment of the Pandemic Personal Finance Update will look at 10 steps to guard your financial well-being
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.
DA calls for a special inspector-general to monitor govt's Covid-19 relief fund
DA MP Geordin Hill-Lewis said previous localised disasters, as well as regular expenditure, had been lost through illegitimate procurement practices, undue cost escalation and direct theft, which made this a necessity.
KIBAARA: Smart food markets for the future way to go
The Covid-19 pandemic has revealed that open markets aren’t built for a crisis like this one.
Staten Island boat fire injures 5 people, 3 hospitalized
Authorities say a boat caught fire off Staten Island with five people aboard, sending three to the hospital.
Active Ethereum Wallet Count Has Grown 350% Since 2018; What This Indicates
There is one key data metric suggests that Ethereum has built immense underlying strength over the past couple of years.
India looks to store cheap oil in United States: Oil minister
India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a
USD/JPY: Bulls targeting 108.00 catch a breath amid mixed clues
USD/JPY buyers catch a breath near 107.70 at the start of Tuesday’s Asian session. While the absence of traders from the UK and the US seems to have l
Long lines outside NYC bike stores as people avoid public transportation
Forget Trader Joe’s — long lines are snaking around the corners of Big Apple bicycle stores as transit-averse New Yorkers seek a safe way to get around during the coronavirus
Only a Few Hedge Funds Made Money in March and April. Here’s How
Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.
‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’
The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.
Germany stamps authority on Lufthansa with $9.8 bln lifeline
FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
The Gold No-Brainer
What Eric Fry is seeing as the four catalysts pushing gold's price higher. Make sure your portfolio has exposure to the yellow metal now.
COVID-19 prompts Quebec to put off premiers' meeting
Quebec is postponing the Council of the Federation meeting it was set to host this summer because of COVID-19.
A Contrarian View On JetBlue
JBLU has been more than cut in half from its 2020 highs. However, any recovery looks to be quite slow. And the valuation is pricing in a lot of earnings that ar
Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
Rich Chinese home buyers are back.
Karan Johar’s two house staff test positive for Covid-19
In a statement, Karan Johar said that the building has been sterilised after Brihanmumbai Municipal Corporation (BMC) was informed about the same.
Germany set to take Lufthansa stake in landmark $9.8-billion bailout
The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.
Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19
Calin Rovinescu was on track to receive around $12.9 million in total compensation last year
Lenovo promises to up PC building to meet working from home demand
Employees will continue to work from home after the crisis is over and Lenovo is preparing to meet increased demand for PCs.
Carney: America’s Economy Slowly Comes Back to Life
Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us. | Economy
MULILI & SHAH: Need to lay out post-Covid-19 strategies for
Manufacturing has suffered due to mandated working in shifts and the impact of the lockdown.
There's Always Something To Worry About (And That's Bullish)
Persistence of worry among investors supports a bullish contrarian thesis. The 32% rally in the S&P 500 strongly suggests a new bull has begun. Online retail sa
Major Japan electronics show CEATEC to be held online in October
One of Japan's major annual electronics shows will be held online in October due to safety concerns arising from the novel coronavirus, organizers said Monday. The Combined Exhibition of Advanced Technologies, or CEATEC, will take place as scheduled from Oct 20 to 23, said the Japan Electronics and Information Technology…
Viral video shows Staten Island store mob screaming at woman without mask
A viral video shows a mob of Staten Island grocery store shoppers screaming at a customer who wasn’t wearing a mask. The furious crowd yelled, “Get out!,” “Get the f–k
To consumers, Malaysia’s CPI deflation a sign of pandemic hardship
KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...
Qld Premier to face frustrated tourism leaders on the Gold Coast
The Premier is expected to meet with tourism leaders and the Mayor on the Gold Coast today amidst heavy criticism the government is not doing enough to get the tourism market kicking again.
Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.
Nissan and Renault shelve merger plans to repair their alliance - sources
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA - The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committ
Virgin Orbit rocket fails on first airborne test
Setback for venture led by Richard Branson at time of financial stress
China: Lawmaker Proposes Creation of a National Blockchain Fund
China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund. Authorities in Beijing continue to push for more involvement of the country’s government in leveraging the emerging technology across several economic sectors.
Spend the $60b windfall on bigger stimulus
If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.
Tim Wilson wants fresh inquiry into Hostplus conflicts
The federal MP has asked regulators to investigate 'vertical integration' in the industry superannuation sector.
How coronavirus might hit EU defence spending
Among the casualties of coronavirus - worldwide and in the EU - is the defence sector. However, the Covid-19 pandemic has not made the world a less dangerous place and there is no alternative to having a functioning defence system.
China's 'hermit' investors fill doubled oil storage with crude bet
SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.
Softer rate regime to impact guaranteed-return products
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
Need to convert development into mass movement: NITI Aayog's Rajiv Kumar
There is a need to convert development into mass movement, and India should aspire to become second or third largest economy in the world by 2047, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.
CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum capital base....
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
KKR becomes Jio Platform's fifth investor in five weeks | ZDNet
Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.
Telford firm boosts PPE supply with 3D printing
A manufacturing service provider has produced hundreds of face shields for distribution into the NHS.
Natural Gas Price: Futures point to further correction
In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont
Holy Sepulchre in Jerusalem did not open on Sunday as planned
Two months after the doors were shut to curb the spread of the coronavirus, the Church of the Holy Sepulchre in Jerusalem remained closed to the public on
'Time is right' to reopen Newport railway line as work continues on innovation park
Work is continuing on the high-tech Newport Innovation Park under the lockdown.
Asian stock market: Bears keeping the reins as Hong Kong issue intensifies
With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open
Western Area grabs big stake in rival nickel miner
There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.
Pandemic stifles progress in the 405 diningscape but doesn't kill it
The Food Dude updates the latest news from around the 405 diningscape.
NNPC lists parameters for employment, career progression; makes new top appointments
Explaining the parameters, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the basic academic requirement for newly employed Graduate Trainees in the corporation is a minimum of a Second-Class Upper Division or an Upper Credit for Higher National Diploma certificate holders
ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods
ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.
Farming column: Welcome dairy support for farmers
We have welcomed the Westminster and Welsh Governments' announcements to help support dairy farmers overcome the impact of the coronavirus outbreak.
Firms invited to virtually network
Shrewsbury Business Chamber is inviting its members, supporters and also guests from other businesses in the community to join it for a virtual networking event.
Ab ki baar, Atmanirbhar: Modi’s mega package is an economic masterstroke
Pandemics, in the past, were notorious for taking away lives. But, coronavirus, or Covid-19, has snatched away livelihood too. With the global economy suffering from an unprecedented crisis, India, which is under lockdown from the last week of March, is no exception. Continue Reading →
WWE: Roman Reigns, Braun Strowman cherish 'once in lifetime opportunity' of teaming with The Undertaker
Roman Reigns, Braun Strowman cherish 'once in lifetime opportunity' of teaming with The Undertaker
Gold Futures: Correction lower on the cards
Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi
Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs
Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop
Short-term rates fall by 30 bps, ease working cap stress
Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.
Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk
Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund
COVID-19 presents opportunity to boost African economies, says Elumelu
The Chairman, United Bank for Africa (UBA) Plc, Tony Elumelu, has stated that the coronavirus pandemic presents an opportunity to reset the....
Chinese Congress Reviews National Blockchain Fund Bill
A bill to create a specialized national blockchain fund was submitted to China's congress during the annual 'Two Sessions'.
Regal, Tribeca-backed Trident Resources mulls spearing the ASX
There could be a new type of mining exposure heading Down Under before too long.
Virus-hit Fiji Airways cuts workforce by half
Fiji Airways lays off 758 staff, while those remaining would face a permanent pay cut of 20%
How HomeServe has had to adapt to ensure it is there for customers
The boss of home repairs firm HomeServe today paid tribute to the efforts of his staff to ensure essential emergency work is carried out in people’s homes.
Bayer reaches deals on big share of 125,000 roundup weedkiller suits
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
China denies using Coronavirus to grow presence in South China Sea
China’s foreign minister is dismissing claims that the country is exploiting the coronavirus outbreak to expand its footprint in the South China Sea, labeling such accusations as “sheer nonsense.”
Gulfport Energy: Stock Appears To Be Overvalued Now Due To The Still High Restructuring Risk
Gulfport's borrowing base was reduced to $700 million, and it is limited to $20 million for further unsecured note repurchases. It has plenty of liquidity for n
China's trillions towards tech won't buy dominance
China wants to bring technology into its mainstream infrastructure build-out and, in the process, heave the economy out of a gloom due only partly to the coronavirus.
Hertz files for bankruptcy after rental-car demand vanishes
Drop in used-car sales compounds financial woes.
Bloodied Mayfair tries recruiting investors against ASIC
The upstart investment outfit, which owns Dunk Island, also claims the appointment of receivers to one entity is "premature and imprudent".
Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected
Here is what you need to know on Monday, May 25: The new week has kicked off with dollar strength as the US and China have kept tensions high. Thin li
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
Shropshire village shop marks 10th birthday but 'lifeline' service continues
Set up following the 2008 recession to support a small village between Newport and Market Drayton, the Cheswardine Community Shop marked its 10th anniversary under lockdown, when the lifeline it provides to villagers is more clear than ever before.
Is today a bank holiday and when is the next one?
Planning ahead can help you get the most out of the next bank holiday.
Railways operated 3,000 Shramik trains to send migrants home: Piyush Goyal
The Railways Minister urged the states to cooperate with his Ministry to help the workers
Virus vaccine maker's bubble bursts after stock crashes
The bubble continued to burst in shares of CanSino Biologics Inc., which fell a record 28% Monday even after positive early data on its COVID-19 vaccine candidate.
How investment in nature can help the North's economy recover after lockdown
Natural assets are one of the North's greatest strengths, says IPPR North
Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Bharti Airtel parent eyes $1 bn from stake sale to pay off loans
Move to help telco clean up debt overhang as promoter debt also impacts ratings
After Boney Kapoor, Two Members Of Karan Johar’s Household Staff Test Positive For Covid-19
Two members of Karan Johar’s household staff have tested positive for the Covid-19. Karan Johar shared that the rest of the staff and family are not showing any symptoms.
Venkaiah Naidu reviews preparedness of LS, RS secretariats for meetings
On Saturday, Naidu discussed the issue with Lok Sabha Speaker Om Birla, Parliamentary Affairs Minister Prahlad Joshi, and senior officials of the two Houses
Not Pink Pixelbook Go with Core i5 back in stock on Google Store
Announced in October, the "Not Pink" variant of the Pixelbook Go did not become available until mid-January. At that, supply was constrained...
McBride: A European COVID-19 Winner, But Basic Challenges Remain
COVID-19 has actually helped Europe's largest private label household products company, McBride. The company has struggled to sustain a decent profit margin for
Five business groups urge Ontario to halt commercial evictions during pandemic
Five business groups called on the Ontario government on Monday to impose a commercial eviction moratorium during the COVID-19 pandemic, saying many small and medium-sized businesses are at risk of closing.
‘An opportune time to invest in markets’
Clarity on economic recovery to unfold over 2 quarters: Reliance Securities CEO
Coronavirus Pandemic Could Bankrupt German FA, Warns Treasurer
German FA treasurer Stephan Osnabruegge warned that the DFB is in the deepest economic crisis of the recent past.
Domestic flights resume
Poor patronage and chaos due to cancellations hit airports in Kerala
Montreal retailers reopening, with distancing measures in place
Mask-wearing, Plexiglas barriers, frequent disinfecting and no-touch browsing are some of the measures being put in place by retailers as Quebec eases measures to contain the spread of COVID-19.
NCLAT's resolution professional ruling: Several bankruptcy cases face delay
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
Now, brokers cannot use PoA to transfer client shares
Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use of Power of Attorney (PoA) between a client and broker in the equity ma
Dominic Cummings visited Barnard Castle to see if he could drive safely
Boris Johnson's senior advisor made the second journey after driving 260 miles to Durham
SolarWinds: The Winds Will Change To Lower Revenue Growth For The Next Several Quarters
SolarWinds reported a strong Q1 with revenue growing 15% to $248.5 million, well above expectations for $240 million. Management provided Q2 guidance which only
Ontario used auto dealers expect tough year ahead, prices already down
A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come.
Japan lifts Tokyo's state of emergency, eyes fresh stimulus
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.
Eid movement restrictions reported in Al Quoz and Dubai Investment Park
Healthcare professional confirms circular, sources also report road closures
Five business groups urge Ford to halt commercial evictions amid COVID-19
Five businesses groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Canada's banks to cement status as solid investments in a crisis
(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.
Five Below: Growth At A Reasonable Price
Management estimates the market can handle 2,500 stores. At recent prices, there is an opportunity to buy growth at a reasonable price. We see potential for a 2
Analysis: Smart grid facilitates grid flexibility and resilience
Change in electricity consumption patterns during lockdown has put grid resilience to the test but grid flexibility is currently coping with demand shifts.
Microfinance lenders aim at repayment collection, restoring credit cycle amid rising stress
Microfinance leaders fear extended moratorium may increase stress and derail their robust credit discipline.
Five business groups urge Ontario to halt commercial evictions during pandemic
TORONTO — Five business groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
3 Stocks to Supplement Your Social Security Income
Companies with decent yields with the operations to support their dividends even during an economy-wrecking pandemic are certainly worth considering.
Two of Karan Johar's household staff test coronavirus-positive, filmmaker says he tested negative
Filmmaker Karan Johar said that two members of his household staff had tested positive for the novel coronavirus.
RevoluPAY Now Licensed To Provide Services In Every EU Country
RevoluPAY, a subsidiary of RevoluGROUP, is now able to offer digital banking services to EU member countries with its new PSD2 license.
COVID-19: Karan Johar in self-isolation after household staff tests positive
Filmmaker says family tested negative but they will self-isolate
German government, Lufthansa agree on 9 billion euro aid package
Germany on Monday approved a 9 billion-euro (US$9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive commission about possible conditions.
Crypto Wallet Providers Ledger and Trezor Dismiss Claims of Database Hack
Ledger and Trezor, two of the world’s leading cold wallet providers, on May 24, 2020, dismissed rumors of a Shopify database exploit and claims that hackers are auctioning customer personal details on the dark web.
Impact of COVID-19: Rethinking The Business Of Fashion
“Fashion is part of the daily air and it changes all the time, with all the events. You can even see the approaching of a revolution in clothes. You can see and feel everything in clothes.” —Diana Vreeland The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It […]
Germany's DAX 30 Index: German stocks closes at highest since early March, Lufthansa & Bayer lead the way
The DAX finished the first day of the week at its highest level since the beginning of March. The rally was supported by a better-than-expected Ifo in
NNPC, subsidiaries have 6,621 staff nationwide – Report
In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has
Pros and cons of investing in NPS for retirement saving
National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.
Fire crews last night tackling major fire in east Belfast
FIRE crews were last night tackling a major fire in east Belfast.
Medical aid costs shrink but Covid-19 costs are still unknown
Fewer elective surgeries and doctors’ visits save millions, but hospitalisation of Covid patients will negate these savings.
Algorithmic selling risk of your money
OVER my last 32 years, I have seen many a ‘latest fashion’ encourage investors to run toward emptying their bank accounts.
China's Great Wall expects mild domestic auto sales growth in H2
BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Current equity losses underline why planned exit from investment is important
In investing, the level at which you invest is just as important as the value when you exit.
Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon
Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart
USD/CNH gained ground on Friday as the escalating US-China tensions over Hong Kong weighed over the offshore Yuan. The pair closed at 7.1452, confirmi
Mercedes-AMG boss tipped for top job at Aston Martin
The British brand's relationship with Mercedes may become stronger according to international reports.
As lockdown clears the air, Cairo looks to keep pollution low
By Menna A. FaroukCAIRO, May 25 (Thomson Reuters Foundation) – It is a Thursday evening in downtown Cairo, usually a crowded and noisy time as the weekend gets underway.
Troops’ standoff persists in Ladakh
NEW DELHI: Indian and Chinese troops appeared heading for a long haul as their tense standoff in the disputed areas of Pangong Tso and Galwan Valley along the Line of Actual Control in eastern Ladakh showed no signs of abating even as efforts to de-escalate the tension through talks continued. In the midst of the […]
New rules of personal finance: How COVID has changed income, spending, saving, investing
In the new world, across segments, income has vanished, reduced or has settled at a new low. The risk to income means families have learned to cut back on spending. Saving and investing are in the background as activities that represent a forgotten luxury.
Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.
Tax opportunities and tax risk management strategies during a crisis
QUESTION: I have had to furlough most of my staff as my business has had very little turnover over the last two months.
India may register recession in third quarter of this fiscal: Report
The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
Once-in-a-decade storm hits Australia
In the Perth metropolitan area, electricity supply to about 37,000 homes and businesses was impacted by the storm
USD/JPY: Off intraday top, still above 107.00, as trade sentiment dwindles
USD/JPY retreats from the intraday high near 107.80 to 107.65 amid the early trading session on Monday. Although news of Japan’s likely removes of sta
China's Great Wall expects mild domestic auto sales growth in second half
BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Reliance launches JioMart online grocery service, challenging Amazon and Flipkart
Reliance has launched an online grocery service, JioMart, in a move aimed at rivaling Amazon's local unit and Walmart's Flipkart in India.
COVID-19 Impact: Transfer outstanding crop loans to govt account, says Maharashtra to banks
A government resolution (GR) dated 22 May instructed banks to show the current outstanding loan of farmers as the dues of the state government.
Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more
Here are the top 10 headlines on Monday morning
Group decries depletion of forest reserves
A Non-governmental organisation, International Support Network for African Development said, lockdown has made people to resort to forest reserve for firewood for cooking, and undermine nature conservation, biodiversity and causing deforestation.
4 More Oil Stocks That Could Go Bankrupt in 2020
These oil companies are on a slippery slope.
The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, t
Two more resource sector raisings out of Canaccord
It's a busy morning for small and microcap resources investors.
AUD/USD snaps two-day losing streak to extend recovery above 0.6500
AUD/USD remains modestly positive around 0.6540/45, up 0.11% on a day, amid the Asian session on Monday. Although the US-China tension keeps Aussie bu
Oil firms set price hike whopper: P2.30 per liter of diesel
Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
For hard-pressed savers, it's like setting your banknotes alight . . .
Do you know the difference between saving and investing? One means you are probably losing money, the other means you could be gaining.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
Zion National Park fills up early Sunday on Memorial Day weekend
Zion National Park’s Scenic Drive was so full Sunday that the park had to close access by 6:30 a.m. and the whole park was full by 11 a.m., the park said.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /CNW/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an online exh...
Household fragility points to post-COVID pain
New data suggesting two in five households have a buffer of less than one month’s pay if they lose their jobs adds to calls for the government to keep stimulus measures in place.
An Analysis Of Dropbox And Box For The Work-From-Home Era
Box revenues are growing but growth is slowing. R&D could improve the current offering. Quarterly earnings give hope there are still near-term headwinds. Dropbo
AUD/JPY erases gains on lingering US-China tensions
The early risk-on tilt seen in the financial markets has faded, as evidenced by AUD/JPY's pullback from the session high of 70.58 to 70.30. The JPY cr
More special trains from Coimbatore for migrant workers
With nearly 37,000 migrant workers leaving Coimbatore district in the last few days by special trains to their home States, another five trains are likely to be operated from here. An official said th
Where is Piers Morgan on Good Morning Britain?
Viewers tuning in to the ITV show today may be a little surprised
EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure
EUR/USD is looking to extend its two-day losing run on Monday amid the broad-based demand for the American dollar. Even gold, a classic safe-haven ass
Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart
Updates from the world of economy, markets, and finance
Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus
Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch
How coronavirus impacts buyers in real estate market
Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray.
Australia unleashes ‘Neighbours’ to counter China influence
Canberra will beam local TV shows to seven Pacific island nations in soft power push
China's pork imports in April jump 170% to record high
BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
GBP/USD retraces three-day losses below 1.2200 on UK/US holiday
GBP/USD seesaws around 1.2180, up 0.05% on a day, during the pre-European session on Monday. In doing so, the Cable pair snaps the previous three-day
India’s Maharashtra to Start Domestic Flights With Fewer Planes
India’s Maharashtra, home to the nation’s financial hub Mumbai, will resume commercial flights on Monday with reduced domestic services as the state struggles to contain coronavirus infection cases.
Moody’s: Pressure keeps rising for Apac companies as coronavirus impact becomes clearer
KUALA LUMPUR, May 25 — Moody’s Investors Service said about 22 per cent of 476 rated non-financial companies in Asia Pacific (Apac) have high exposure to coronavirus disruptions, up from 20 per cent in March, as the effects of the pandemic on companies’ credit quality have...
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow
Wholesale commodity markets, including metal and bullion, will also remain shut
‘Never waste a crisis’: inside Saudi Arabia’s shopping spree
The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles
Rolls-Royce increases price-cuts pressure on suppliers
Big equipment makers turn to strained supply chain for savings
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Domestic flights resume after two months; many say flights cancelled without notice
Domestic passenger flights resumed in India after a gap of two months and the country will see around 600 services on Monday.
Restaurants thrilled to open
“Be A Tourist in Your Own Town” is a 10-part collaboration between Castanet and Travel Penticton, highlighting ways to enjoy the city. Watch for it every Monday morning.
Nigerians abroad urged to pressurise UK government on Madueke’s repatriation
Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has urged Nigerians in the United Kingdom (UK) to pressurise
Thousands without power in Western Australia after once in a decade storm
Around 50,000 customers were without power on Monday due to storm-related outages after remnants of Cyclone Mangga hit a cold front and brought squalling rain and emergency level storm warnings to the south of the state.
1.50 Lakh MP Students About To Become Doctors, Engineers Under MMMVY
Madhya Pradesh government deposits fees worth Rs 326,,69,85,000 in the accounts of the students.
Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200
GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2
Siemens Healthineers: Excellent Company, But The Valuation Doesn't Scan
Healthineers is one of the world’s leading medical technology companies with a leading position in imaging and advanced therapies. Its diagnostics division has
Toronto stock market rally led by cannabis while U.S. stock markets closed
Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Group alleges fresh evidence of N25 billion spending on imaginary road repairs by NDDC
Fresh allegation of extra-budgetary spending is rocking the Niger Delta Development Commission (NDDC) as a group has accused the agency of spending N25 billion on regional contingency road repairs not appropriated for in the 2019 fiscal framework.
Home Bargains, B&M and B&Q's opening times today
Full opening hours for the second bank holiday in May 2020
Renault could disappear without a bail out – report
The French brand's 122-year history could be at stake according to a key decision maker.
Hamburg privacy boss calls for overhaul of EU privacy rules
Johannes Caspar said the failure of EU agencies to cooperate had undermined GDPR.
Paper cone, tube manufacturers in dire straits
The paper cone and tube manufacturing sector has been in trouble since the end of 2019.KS Balamurugan, Managing Director, KU Sodalamuthu and Co Pvt Ltd, attributes this to economic slowdown and fallin
Global engines fire up again, Europe makes steady start
Europe, despite reeling under the pandemic, is steadily opening up.
Weekend Revival: Data shows Bangkok swinging back into action
Every day been feeling the same Good news: The weekend returned to Bangkok as life poured into its streets, bringing a return of activity – and traffic By foot and behind the wheel, people were on the move at levels not seen since early March,...
DMart’s secular rally may pause for a while
The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.
U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves
Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national
Astronomers see 'cosmic ring of fire,' 11 billion years ago
Astronomers have captured an image of a super-rare type of galaxy -- described as a 'cosmic ring of fire' -- as it existed 11 billion years ago.
Gold Price News and Forecast: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday. Although fresh risk-off sentiment,
Retail investors throng capital markets during lockdown period, says Reliance Securities CEO
While Covid-19 has been a painful period for all and the lockdown a pressure for most who have been busy and active, it seems to have drawn people to the capital market.Lav Chaturvedi, Executive Direc
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Some business risks can be prepared for in advance
Corporates will now need to fast track learning from pandemic-enforced disruptions too
Oil price rebound improves investors’ patronage, lifts index by 5.59%
The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...
Gold Price News and Forecast: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
Belt and Road Initiative affected by COVID-19, but impact is 'temporary': China
Chinese Foreign Minister Wang Yi said that the demand for public health expansion in view of the COVID-19 all over the world will give a new impetus to project expansion.
LETTER: Surprise — MGM will have free parking again!
Now they need the locals.
European consumers stockpile savings, adding to economic drag
Bank deposits surge as households seek to shield themselves from impact of coronavirus
Asian shares reverse early gains, eyes on China-US trade relations
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.
How will the economic 'cold war' between China and the US end? - Radio
Jonna Bianco, founder of the American Bondholders Foundation, talks about the ways to solve the crisis between the two powers.
What every Canadian investor needs to know today
A look at the morning’s market action
IDFC First Bank’s senior management takes 10 per cent pay cut in FY21
With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The
Govt ramps up centres for pending class 10, 12 board exams to 15,000
The HRD ministry has already announced that students will appear for exams at schools in which they are enrolled rather than external examination centres
China space programme targets July launch for Mars mission
The United Arab Emirates plans to launch the first Arab probe to the Red Planet on July 15
Snapchat looking to expand India business based on growth in user base: Report
Social media platform Snapchat is eyeing significant growth in its India business owing to a surge in usage, according to media reports.Snapchat’s daily active user base (DAU) in India increased by 12
US-based Alsco seeks permission for Spotless Laundries
The sale of Spotless Laundries is certainly keeping the minds at the competition regulator busy.
USD/CAD: Oil to refrain the loonie recovery – CIBC
Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l
Domestic air travel resumes with confusion at airports, cancelled flights
Chaos will make it even harder for airlines to recover from the impact of a two-month lockdown to contain the coronavirus, said analysts.
Aston Martin CEO Being Replaced With Mercedes-AMG CEO
Having struggled over the past several months, the coronavirus pandemic has exacerbated problems for Aston ...
Need to know: Monday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low
Investors look to an eventual economic recovery, but credit markets may be seeing things differently
China's space programme targets July launch for maiden mission to Mars
China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project…
Got $5,000? Then Invest It in These Cheap High-Yield Dividend Stocks.
These top-tier businesses boast sustainable yields ranging from 6.8% to 9.9%.
Crack in fashion! Tesco stocks white eggs for the first time in more than 40 years after huge rise in demand
The eggs - which are used in McDonald's breakfast McMuffins - will cost the same as the brown free-range equivalent, starting from 89p for a box of six medium eggs.
COVID-19: Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands
Saturday was Queensland's coldest ever May day
Queensland's combined average temperature for Saturday was 16.95 degrees, beating the previous record of 17.44 from 2012.
GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle
The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh
Ex-German Finance Minister Confirms Support for EU Economic Recovery Plan to Tackle COVID-19 Crisis
Last week, German Chancellor Angela Merkel and French President Emmanuel Macron proposed that a hefty recovery fund should be set up to shore up EU economies struggling...
Bayer shares jump on report of Roundup settlement
FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...
Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings
CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain
60 days, 56-fold growth: India now second largest PPE manufacturer
According to Invest India, the government company, India has become the second largest maker of PPE kits, considered key to fight Covid-19. It has said India achieved this feat in two months.
Skoda Vision IN (Kliq/Kosmiq) Launch Likely Delayed To Next Year
Skoda Vision IN based production mid-size SUV could be powered by a 1.5-litre turbocharged TSI petrol engine
Team Lakay vows to be ready when called upon
Work does not stop for Team Lakay members despite the quarantine as they remain in training mode just in case ONE Championship calls them up
Nnamdi Azikiwe varsity hospital records first case of COVID-19, says CMD
Authorities of the Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, have confirmed one case of the coronavirus at the hospital.
EU ‘Green’ Agenda Calls For Eating Bugs To Save the Planet
Urges that environmental goals “will not happen without a shift in people’s diets.”
HDFC Bank Credit Card, Debit Card Offer: Save up to Rs 2000 on buying AC, refrigerators, coolers online
As part of the offer, HDFC Bank is providing 10 percent Instant Discount with HDFC Bank Credit Cards and Credit/Debit EMI Transactions.
Petition for paved path
The Pineview Valley Community Group is looking for some more pavement in their neighbourhood.
Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao
Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o
CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons
Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr
Wolves are at it again, destroying Zimbabwe’s currency
Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45
Saturday was Queensland's coldest ever May day
Queensland's combined average temperature for Saturday was 16.95 degrees, beating the previous record of 17.44 from 2012.
Furloughed Eurostar workers helping language students during school closures
Train drivers are among the staff who are hosting online sessions to help pupils maintain their skills while studying at home.
Nigeria's economy grows by 1.8% in first quarter of 2020
It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.
Alpaca-rearing business granted green light for permanent workers’ house
A mobile home in the Green Belt can now be replaced by a permanent house so that a rural worker can stay on site to supervise an alpaca herd.
Madagascar: Sahofika hydropower BOOT scheme to get 4 million Euro loan
The Sahofika hydropower project entails the construction of a 205MW hydroelectric power plant on a Build-Own-Operate-Transfer basis.
Harte Gold: Digging Into The Q1 Results
Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio
British Airways 'to axe thousands of cabin crew workers and rehire them on half the pay'
The airline, which has been slammed by unions over the past 24 hours, is reportedly in talks for a new restructing just weeks after confirming plans to sack 1,130 pilots
5-year-old flies alone from Delhi to Bengaluru, meets mother after 3 months
As domestic flights resumed across the country after two months because of the coronavirus lockdown, a little boy in Bengaluru airport carrying a 'special category' ticket was among the most loving sights of the day.
Asian shares tick up, eyes on China-US trade relations
Analysts expect trading to be subdued with United States and UK markets shut for public holidays.
India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News
New Delhi: The government’s wheat procurement so far in the 2020-21 marketing year has surpassed the last year’s 34.13 million … India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News Read More »
CBIC clears Rs 11,052 cr GST refund claims since April 8
Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
NZD/CAD: Downside Pressure Likely
NZD/CAD is a risk-neutral pair, owing to the fact that both NZD and CAD are often considered commodity currencies. Since CAD is more exposed to the oil market,
Asia stocks mostly up on coronavirus lockdown easing but Hong Kong extends losses
Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at
Nnamdi Azikiwe varsity hospital records first case of COVID-19 — CMD
Authorities of the Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, have confirmed one case of the Coronavirus at the hospital.
Saturday was Queensland's coldest ever May day
Queensland's combined average temperature for Saturday was 16.95 degrees, beating the previous record of 17.44 from 2012.
Furloughed Eurostar workers helping language students during school closures
Train drivers are among the staff who are hosting online sessions to help pupils maintain their skills while studying at home.
Furloughed Eurostar workers helping language students during school closures
Train drivers are among the staff who are hosting online sessions to help pupils maintain their skills while studying at home.
Seidl is the ideal guy for McLaren. ''They can go back to the top''
As the new team boss of McLaren, Andreas Seidl fell with his nose in 2019. After years of setbacks, 2019 was not so bad and McLaren was 'best of the rest'. Coincidence or did Seidl have a hand in this right away?
Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens
Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.
Australia's most populous state urges parents to work from home as schools reopen
SYDNEY (Reuters) - Australia’s most populous state on Monday urged locals to continue working from home despite schools reopening as the number of coronavirus cases slows.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the