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.

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

Japan to end Tokyo’s state of emergency, eyes massive new stimulus

World’s third-largest economy has escaped an explosive coronavirus outbreak

Japan lifts coronavirus emergency in all remaining areas

Japan, with about 16,600 confirmed cases and about 850 deaths, has so far avoided a large outbreak like those experienced in the US and the Europe despite its softer restrictions.

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.

Japan ends state of emergency

Economy Minister Yasutoshi Nishimura told reporters that experts on a government-commissioned panel approved the plan to end the state of emergency that has lasted for more than a month and a half.

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.

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

'Japan Model' Has Beaten Coronavirus, Shinzo Abe Declares

Prime minister Shinzo Abe has declared victory for the "Japan model" of fighting coronavirus as he lifted a nationwide state of emergency after seven weeks [Editor's note: the link may be paywalled; alternative source]. From a report: Speaking at a press conference on Monday evening in Tokyo, Mr Abe...

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.

Abe vows to double Japan's virus relief package to over ¥200 tril

Prime Minister Shinzo Abe said Monday the Japanese government will almost double its emergency package to address the economic fallout from the coronavirus pandemic to over 200 trillion yen ($1.86 trillion) from the current 117.1 trillion yen. The Cabinet will approve a second supplementary budget for fiscal 2020 to finance…

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.

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.

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.

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

Japan set to end Tokyo’s state of emergency

The measure has been in place in the city since April 7.

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.

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...

Japan Economy Minister Nishimura: State of emergency no longer needed in any region of country

As noted, Japan is seeking to end its state of emergency this week and in recent headlines, Japan Economy Minister Nishimura is on the verge of making

Japan to end Tokyo's state of emergency

TOKYO, May 25 — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions today, while the Nikkei reported a plan for new stimulus worth almost US$1 trillion (RM4.36 trillion) to help companies ride out the coronavirus pandemic. Social distancing curbs were...

Japan set to end Tokyo’s state of emergency

The measure has been in place in the city since April 7.

Japan set to end Tokyo’s state of emergency

The measure has been in place in the city since April 7.

Japan to lift Covid-19 emergency

The country has been spared the worst of the pandemic.

Japan lifts virus emergency

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.

Japan lifts national state of emergency

Japan has lifted its nationwide state of emergency over the coronavirus, after new cases slowed to a crawl in the country with the world's third-biggest economy.

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 »

Japan is set to end their current state of emergency in Tokyo

Reports have been circulating that Japan's Prime Minister Shinzo Abe is set to remove the current state of emergency in Tokyo and 4 other prefectures...

Japan set to end Tokyo’s state of emergency

Japan is set to remove a coronavirus state of emergency from Tokyo and four other prefectures on Monday, allowing businesses to gradually resume.Economy Minister Yasutoshi Nishimura, at a special task force meeting, asked experts on a government-commissioned panel to evaluate a plan to lift the measure.“It appears the measure is no longer needed in all of the prefectures,” Mr Nishimura said.The experts are expected to approve the plan at the meeting, paving the way for an official announcement by Prime Minister Shinzo Abe.

Japan set to end Tokyo’s state of emergency

Japan is set to remove a coronavirus state of emergency from Tokyo and four other prefectures on Monday, allowing businesses to gradually resume.

Japan set to lift coronavirus emergency as cases slow down

The country has been spared the worst of the pandemic.

Japan set to end Tokyo’s state of emergency

Experts on a special government panel have approved a plan to remove a coronavirus state of emergency from Tokyo and four other remaining prefectures.

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.

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

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...

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.

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.

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

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.

Talks on Lufthansa aid not concluded yet: ministry

BERLIN (Reuters) - Negotiations on a government bailout for coronavirus-stricken airline Lufthansa (LHAG.DE) are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.

Lufthansa, German government agree on rescue package: dpa

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

New emissions blow for VW as German court backs damages claims

FRANKFURT: German airline Lufthansa said Monday it has received approval for a €9 billion ($9.8 billion) “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the EU’s executive commission.

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 ...

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...

Germany's Lufthansa agrees to government's $9.8b aid

Deal will also place federal government with a major say in airline's future course

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.

Volkswagen loses landmark German 'dieselgate' case

A ruling in a German court could have implications for other VW motorists seeking compensation.

VW loses landmark German case as diesel owners stand to receive damages

A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a ...

Volkswagen agrees to compensate tens of thousands of German motorists

Leipzig court ruling opens door to claims from at least 60,000 car owners

Top German court grants buybacks for Volkswagen diesel car owners

Almost 5 years after Volkswagen's admission to cheating on emissions tests, the ruling is the first real legal setback for VW in its home country

German court ruling clears the way to settle VW diesel cases

KARLSRUHE, Germany (AP) — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage they drove since buying it, not the purchase price.Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement.“For the majority of the 60,000 pending cases, this ruling provides clarity,” the company said in a statement.

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.

Asian stocks subdued after China imposes new law on Hong Kong

Global financial markets already struggling to deal with huge economic uncertainty

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

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.

Dollar holds advantage as Hong Kong tensions test risk-wary investors

Dollar holds advantage as Hong Kong tensions test risk-wary investors

Gold falls as Japanese shares rise on potential stimulus report

Gold dipped on Monday as Japaneseequities rose on news about a potential stimulus program,although losses were capped by a weaker dollar and worries offresh Sino-U.

Hong Kong another sideshow in a larger China drama with no final act

Australia's disputes with China are just a sidelight to a much bigger US-China struggle that is only intensifying.

Dollar edges higher as Hong Kong tensions fuel safe-haven demand

TOKYO, May 25 — The dollar edged higher today as worries about a standoff between the United States and China over civil liberties in Hong Kong fuelled demand for safe-haven currencies. Sterling was on the defensive after members of British Prime Minister Boris Johnson’s party called for the...

Asian shares reverse early gains

Eyes on China-US trade relations.

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

Security officials launch review of Huawei's involvement in Britain's 5G network

Security officials have launched a review of Huawei's involvement in Britain's 5G network in the wake of US sanctions. Following the recent announcement that America would place additional laws on the telecommunications giant, the UK Government confirmed that the National Cyber Security Centre

Huawei: What would happen if the UK ditched the Chinese firm?

Officials are taking another look into Huawei, but the Chinese firm warns against a 5G ban.

United Kingdom may remove all Huawei equipment from its 5G networks

Huawei has been in hot water for over a year now, with the United States blocking most trade with the company and various countries ripping out

UK looking to backtrack on Huawei participation in 5G networks: Report | ZDNet

US sanctions and backbenchers that are set to cross the floor and vote against government legislation are reportedly the impetus for the change of course.

UK may remove Huawei from its 5G infrastructure by 2023

Earlier this year, we had reported on the UK government allowing Huawei to work on bringing 5G networking to the country, albeit in a limited capacity and non-core areas. But now, it seems like the government is working towards phasing out the Chinese tech giant’s equipment by 2023, as conservative members have pressured the UK …

UK sets up a new inquiry into Huawei security risk

Huawei's involvement in the country's 5G networks as a result of the US sanctions against the Chinese tech giant, it emerged on Monday

UK takes another look at Huawei's position in 5G networks

The UK has decided to conduct a review of the impacts of allowing Huawei to remain in the UK's 5G networks. It comes just days after the United States prevented Huawei from buying TSMC chips.

UK reportedly to phase out Huawei from 5G network

Decision comes as many countries reexamine their relationship with Beijing

[Tech Read] China looms over Korea (4): Is China winning in 5G?

China’s race to enter mainstream tech is intensifying against not only the US but also its neighbor South Korea. With China aggressively pushing advancements of key technologies, Korea has been forced to take up the gauntlet before it is too late. The Korea Herald’s Tech Team has looked into four key areas to measure the technological gap between Korea and China and to offers forecasts about how the compe...

Beijing seeks to reassure business over Hong Kong security law

But investors fret about threat to city’s autonomy from law that has sparked new pro-democracy protests

Pandemic Receding, Investors Review The Fallout

But if we are dealing with this come July, markets are going to reassess big time.

Links 26 May 2020

Global Macro / Markets / Investing:

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

‘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.

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

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

Bharti Telecom to sell $1 bn stake in Airtel through block deal

Bharti Airtel promoter to raise $1 billion to become debt free

Bharti Telecom has roped in JP Morgan for the raising USD 1 billion by selling 150 million equity shares at a price of Rs 558 per cent per unit

Bharti Airtel promoter to raise USD 1 billion through equity

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.

China demands U.S. withdraw sanctions on tech suppliers

Foreign Ministry accuses the Trump administration of interfering in China’s affairs by adding eight companies to an export blacklist

China demands U.S. withdraw sanctions on tech suppliers

China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

China demands U.S. withdraw sanctions on tech suppliers | Honolulu Star-Advertiser

BEIJING >> China demand today that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

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.

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

The company's net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19

HDFC reports 22% fall in Q4 net profit

Housing Development Finance Corporation (HDFC) standalone net profit fell 22 per cent in the fourth quarter of 2019-20 to ₹2,232.53 crore as against ₹2,861.58 crore a year ago.The housing finance comp

HDFC Q4 profit at Rs 2,233 crore, provisions spike on COVID-19 impact; loan growth at 12%

Revenue from operations during the quarter increased 3.4 percent to Rs 11,976 crore, compared to Rs 11,580 crore in corresponding period last fiscal.

HDFC FY20 results: Profit rises 30% to Rs 22,826 crore, revenue up 10%

For the January-March quarter of FY20, HDFC reported a 10 per cent decline in consolidated net profit at Rs 4,341 crore as against Rs 4,811 crore for the corresponding quarter last year

HDFC profits decline: How much has the impact of COVID-19 been?

HDFC March Quarter Profit Falls 22% To Rs 2,233 Crore, Board Announces Rs 21 Dividend

HDFC Ltd Q4 Results: The mortgage lender said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

HDFC Ltd Q4 profit declines 10 pc to Rs 4,342 cr 

Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. 

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.

Air Canada’s Bid for Transat Gets Extended EU Merger Probe

Air Canada’s bid for tour operator Transat A.T. Inc. faces an extended probe from European Union regulators who said the deal may hamper competition by combining the two biggest airlines linking Europe and Canada.

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 ...

European regulators to take closer look at Air Canada-Transat deal

In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.

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.

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

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.

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.

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 . . .

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

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

CEO buys struggling New Zealand media company for $1

The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.

CEO buying struggling New Zealand media company for NZ$1

One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.

New Zealand's media firm Stuff to be sold for a single dollar to its CEO

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists

CEO buys ailing New Zealand media giant for one dollar

Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.

CEO buys ailing New Zealand media giant for one dollar

Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.

One of New Zealand's largest media organisations is being sold for just $1

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.

CEO buys struggling New Zealand media company for $1

WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.

CEO buys ailing New Zealand media giant Stuff Limited for one dollar

Boucher joined as a reporter in 1993 and has spent most of her career at the company

DomPost returns to local ownership, sold by Australian owners

Wellington.Scoop There’s a new owner for the DominionPost – a management buyout of its parent company Stuff Ltd has been successfully completed by the Stuff chief executive Sinead Boucher. The DomPost reports the deal this morning:

Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media

Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...

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.

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.

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

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 ...

Germany will take Lufthansa stake in landmark US$9.8B bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro (US$9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

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.

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.

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.

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.

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.

80 Flights Cancelled on First Day Domestic Flights Resume in India After Two-Month Hiatus

New Delhi (Sputnik): India suspended domestic and international air travel starting 25 March as a containment measure to mitigate COVID-19. The federal government has...

Watch | New rules for flyers in India

A video explaining the rules laid down by the Ministry of Civil Aviation for domestic air travel

Domestic flight services resume in India after 2 months amid 630 cancellations

India Business News: Domestic passenger flights resumed in India after a gap of two months. The Delhi airport saw its first departure at 4.45 am to Pune while Mumbai airpo

Over 500 flights take off, but states create plane confusion at airports

Maharashtra clears air, says short-term visitors exempt from isolation

Tamil Nadu allows domestic flight operations, issues SOP for airports

Tamil Nadu, late on Sunday, gave nod for domestic flight operations in the State from today.Flights to Chennai, Coimbatore, Madurai and Trichy are to operate from today. However, incoming flights to b

Delhi's First Departure is to Pune, Mumbai's to Patna as Domestic Flight Ops Resume After 2 Months

Both the flights were operated by IndiGo. While the Delhi-Pune flight departed at 4.45 AM, the Mumbai-Patna flight took off at 6.45 AM today.

Domestic flights resume today: Here are the quarantine rules for passengers in different states

The Maharashtra government has allowed Mumbai airport to handle 50 domestic flights per day. Kolkata and Bagdogra airports to not operate any domestic flights between May 25-27.

Flights resume but be prepared for cancellations, rescheduling, delays

Maharashtra agrees to 50 flights and Telangana 30 after much haggling between Centre and states

Domestic aviation resumes: 532 flights operated, 39,231 passengers flown on Day 1

The first day was marred by cancellations, and customer complaints

On Day 1, Chennai airport to receive 16 flights

A Delhi-bound Indigo Airlines with 116 passengers was the first flight to be operated from the airport here today when the country resumed domestic air services, officials said. Continue Reading →

Over 80 flights cancelled in Delhi, passengers slam airlines for no prior intimation

The development comes after few states objected to the Centre’s plan to restart domestic airlines from May 25, following which last-minute changes were amended to the earlier rules on Sunday evening. 

Cancelled flights, miffed passengers galore on reopening domestic flight services

Several flights still ended up getting cancelled, much to the hassle of the customers.

Maharashtra allows 50 flights to and from Mumbai airport today as domestic air travel resumes; U-turn hours after CM seeks more time

After much speculation about the resumption of domestic flight operations in Maharashtra due to the increasing number of coronavirus cases, the state government has allowed 25 flights to land and 25 flights to take-off from the Mumbai airport today, according to several media reports.

Domestic flight services resume in India after two months

NEW DELHI: After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states … Domestic flight services resume in India after two months Read More »

India resumes domestic air travel after two months, several flights cancelled

Aviation industry sources said, around 82 flights -- departures and arrivals -- have been cancelled till now at the Delhi airport.

Lockdown 4.0: With strict rules, aviation sector limps back to normalcy as domestic flights resume

Mumbai: Indian skies opened up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry...

Domestic flight services resume in India after two months

After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states to open up their airports in view of rising cases of the novel coronavirus.

China protests America's coronavirus restrictions on its airlines

The US government late on Friday accused the Chinese government of making it impossible for US airlines to resume service to China

Huawei wants stable Samsung, Hynix chip supply, Korea Daily says

While memory chipmakers aren’t subject to the US government restrictions, Huawei worries that the Trump administration could widen its restrictions later.

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.

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.

Huawei is trying to ensure stable chip supply from Samsung and SK Hynix

Huawei was put on the Entity List by the U.S. government in May last year and recently, the ban was further extended by another year. A few days ago, the United States tightened export controls in a move that is aimed at limiting Huawei’s access to chip supplies. Now, the Chinese giant is seeking help …

Huawei seeks stable supply of memory chips as US pressure grows

Huawei has asked Samsung Electronics and SK Hynix for a stable memory chip supply despite apparently mounting pressure from the US to isolate the Chinese telecommunications company.

EU: 'End' of U.S. Leadership, Rise of China 'Happening Before Our Eyes'

BERLIN (AP) - The European Union's top diplomat has called for the bloc to have a "more robust strategy" toward China amid signs that Asia is replacing the United States as the centre of global power.

EU’s top diplomat urges ‘more robust strategy’ toward China

BERLIN (AP) — The European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States...

As China eclipses US, Brussels must rethink Beijing, says top EU diplomat

Josep Borrell said the pandemic could be seen as a turning point in the power shift from West to East, and that the "pressure to choose sides is growing."

EU’s top diplomat urges ‘more robust strategy’ toward China

European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States as the center of global power.

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

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.

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.

Nissan and Renault shelve merger plans to repair their alliance: sources

Nissan and Renault shelve merger plans to repair their alliance: sources

Nissan and Renault shelve merger plans to repair their alliance, say sources

NEW YORK, May 26 — 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. Nissan has long resisted Renault’s proposals...

Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report

The possible job cuts come as Nissan prepares to announce its updated mid-term strategy this week. Profits at the automaker … Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report Read More »

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"...

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

Spot-Driven Retail Selling Sparked Sunday’s Bloody Bitcoin Selloff

Yesterday, Bitcoin price collapsed from a high of $9,300 to a low of $8,650 just ahead of an important weekly close.

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

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.

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.

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.

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.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.

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

Outdoor markets and car showrooms can open next week in England

Boris Johnson announces other non-essential retail premises can reopen in three weeks

HDFC posts 22% fall in Q4 net, provisions rise on COVID-19 impact

It has reported an increase in provisioning, including impact for COVID-19, at Rs 1,274 crore (Rs 398 crore for COVID-19). The HDFC board has proposed a final dividend of Rs 21 per share as against a final dividend of Rs 17.50 the previous year.

HDFC profit drops as virus provision surges

Lender piles up ₹30,000-crore cash chest: 26% loans under moratorium

HDFC reports 22 per cent drop in net over spike in bad loans, provisioning

“On the balance sheet level, we are carrying provisions of Rs 10,988 crore, which is much higher than the regulatory requirement of Rs 4,188 crore,” said Keki Mistry, vice chairman and chief executive officer (CEO), HDFC.

HDFC Q4: Loan growth slows owing to Covid-19-led disruption

Aside from slowdown in disbursements, the lockdown also impacted collections in the second half of March

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.

Canada's TSX gains more than 1% as financial shares climb

TORONTO — Canada’s main stock index rose on Monday, helped by gains for financial shares, as investors welcomed a stronger-than-expected rebound in German business morale.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange.

TSX starts week higher

Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs., Business Insider - Business Insider Singapore

Business Insider - The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.. Read more at businessinsider.sg

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The 787 Dreamliner is one of Boeing’s most popular twin-engine wide-bodies thanks to its fuel efficiency, lower operating costs, and passenger-friendly amenities, which have proven to be endearing qualities for airlines and private owners alike.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

BRUSSELS (Reuters) - Britain’s refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

* EU worried over level playing field on climate after Brexit* UK says it has own ambitious goals, rejects binding EU targets* Talks on new Brexit deal deadlocked before June crunch timeBy Gabriela Baczynska and Kate AbnettBRUSSELS, May 25 (Reuters) - Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

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

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately. The company says instead of replacing Marino it has created an executive committee to run the firm that includes chairman and former chief executive Lorenzo Donadeo, who has been named executive chairman. …

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

‘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

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.

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 ...

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.

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.

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.

iSignthis to End Contract with Visa, Criticises Proposed Rule Changes

iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.

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...

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 ...

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

Passengers left fuming as flights get cancelled at KIA

Airlines said some cancellations were owing to curbs imposed by other States on arrival of flights

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

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.

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

Walmart Mexico pays Mexico about $359 million in back taxes

Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant chain known as VIP’s after tax authorities demanded it.

Gold down as potential Japanese stimulus boosts risk appetite

Spot gold fell 0.4% to $1,728.06 per ounce by 0252 GMT. US gold futures were down 0.4% at $1,728.50.

Gold falls as potential Japan stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

Gold down as potential Japanese stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

South Korea Financial Markets

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. France's CAC 40 gained 0.8% in early trading to 4,479.60, while Germany's DAX jumped 1.2% to 11,206.26. Germany

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.

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.

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.

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

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

BoC's Poloz: Current inflation target sits within a control range of 1% to 3%

Bank of Canada's (BoC) policy framework provides the flexibility in the time it takes to get inflation back to target, BoC Governor Stephen Poloz said

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

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.

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.

Air Canada CEO's pay halved

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.

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.

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.

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.

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.

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.

Reliance JioMart opens online grocery service in 200 cities; key things to know

With rising demand on online grocery delivery platforms amid coronavirus lockdown, JioMart is Reliance Industries' bid to cash in on the spurt in this segment

Watch out Amazon, Flipkart: Reliance's JioMart launches online grocery service across India

Reliance Industries launches JioMart service across cities, offers discounts: Here's how to buy groceries, place an order

Customers can now log on to the newly-launched website jiomart.com to place an order

India looks to store cheap oil in United States: Dharmendra Pradhan

India Business News: India is looking at storing some low priced US oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan said. India’s pla

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

French billionaires raise stakes in defence of publisher Lagardere

PARIS (Reuters) - France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.

Groupe Arnault Takes Stake in Lagardère

The media company, focused on books and travel retail, had been fending off an activist investor.

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

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 ...

Melon-aires not required as Japan premium fruit prices plunge

A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.

Melon-aires not required as Japan premium fruit prices plunge

Tokyo: A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.

Melon-aires not required as Japan premium fruit prices plunge

TOKYO, May 25 — A pair of premium Japanese melons sold today for just a slice of the ¥5 million (RM200,720) reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at ¥120,000 at the season’s first auction — 40...

Price of premium melons plunges

A pair of premium Japanese melons sold Monday for just a slice of the five million yen reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at 120,000 yen at the season's first auction --…

View: China's crypto is all about tracing — and power

Digital yuan trials are taking place just as Covid deepens mistrust with the US.

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.

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,

[Andy Mukherjee] China’s crypto is all about tracing -- and power

The coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout.　 An official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal...

China Defends Tariffs on Australia Barley’s as Relations Sour

China was “prudent” and “restrained” in its use of trade remedy measures according to the nation’s commerce minister, who defended the recent decision to impose anti-dumping duties on Australian barley as being based on evidence.

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.

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.

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 ...

Mercedes-AMG boss tipped for top job at Aston Martin

The British brand's relationship with Mercedes may become stronger according to international reports.

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

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

Sportscar brand Aston Martin could see AMG chief come in as CEO

Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time

Mercedes-AMG boss to head up Aston Martin as Palmer is axed – report

A fresh report out of Europe claims Aston Martin CEO Andy Palmer will be replaced by Mercedes-AMG boss Tobias Moers in a management shake-up.

If Bitcoin Follows the 2012 and 2016 Halvings, Price Will Go “Almost Vertical”

It's been a brutal past two weeks for Bitcoin miners. After the block reward halving that transpired on May 11th, the revenue of BTC miners was

Satoshi Nakaboto: ‘Bitcoin continues downtrend with 5% loss in one day’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Satoshi Nakamoto used to say: Time to learn some stuff about Bitcoin! Bitcoin price We closed the day, May […]

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

Signal That Came Earlier About Bitcoin’s Drop to $3K in 2018 Is To Flash Again

Only seven days prior, Bitcoin was trading around $10,000. In any case, after rumors spread About Satoshi Nakamoto selling his reserve of BTC, the digital currency has fell to $8,700. Some have considered this move a 'solid' retracement, yet a key pointer proposes that Bitcoin bulls have further misfortunes in…

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of COVID-19. The facility, which rolls out two models, Baleno and Swift, currently has an installed production capacity of 5 lakh units per annum.

Suzuki Motor Gujarat starts production

Suzuki Motor Gujarat Pvt Ltd (SMG) has said it would re-start production of vehicles from Monday. The company informed Maruti Suzuki India Ltd (MSIL) that production would be strictly in accordance wi

Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus

Maruti Suzuki, the country’s largest vehicle maker, has restarted production at its Gujarat plant as the country is the midst … Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus Read More »

Suzuki Motor Resumes Production At Gujarat Plant

The facility rolls out two models, Baleno and Swift and currently has an installed production capacity of 5 lakh units per annum.

Coronavirus impact: Suzuki Motor Gujarat resumes operations

Suzuki Motor Gujarat has resumed manufacturing operations at the Hansalpur plant while adhering to all the safety guidelines and precautionary measures to fight the spread of Coronavirus.

EU eyes first face-to-face summit in months to haggle over budget

EU eyes first face-to-face summit in months to haggle over budget

NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters

Rejecting the order, the NCLAT said: "The impugned order making it applicable throughout the country to all the Benches of the National Company Law Tribunal is untenable one and the said order suffers from material irregularity and patent illegality in the eye of Law".

NCLAT sets aside NCLT order on making MCA party in all IBC cases

A three-member Bench of the NCLAT held that the NCLT order asking the Ministry to be made a party in all IBC cases, without giving the MCA a chance to present its side would have resulted in “serious miscarriage of justice, besides causing undue hardship”.

NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters

Allowing the plea filed by the Ministry of Corporate Affairs (MCA), a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".

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 ...

Nigeria’s economy grew in first quarter 2020 amidst global crisis

Amid global health and economic crises, Nigeria’s economic grew in the first quarter of 2020 by 1.87 per cent, the National Bureau of Statistics (NBS)

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...

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

Russia's Aeroflot reports 95% April passenger drop

The Aeroflot Group carried 11.4 million passengers in the first four months of 2020, which is 34.7 percent less than the same period last year, it said in a statement.

Russia's Aeroflot reports 95% passenger drop in April 2020

Aeroflot Group expects to gradually increase the number of flights across Russia in June 2020

Russia’s Aeroflot reports 95pc April passenger drop

MOSCOW, May 25 — Russia’s biggest carrier Aeroflot today said it registered a 95 per cent drop in passengers in April compared to last year, as the coronavirus ground travel to a halt. The Aeroflot Group carried 11.4 million passengers in the first four months of 2020, which is 34.7 per cent...

U.S. urges probe into alleged ethics breach by African Development Bank

A letter shows United States Treasury Secretary Steven Mnuchin expressed 'deep reservations' about the outcome of an internal inquiry clearing African Development Bank chief Akinwumi Adesina

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.

Slump in consumption, exports push Germany into recession in first quarter

Slump in consumption, exports push Germany into recession in first quarter

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...

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.

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

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).

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.

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.

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.

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.

Duty-free booze bonanza for Australians under new proposal for 'Trans-Tasman bubble' travel

Under existing limits, travellers can purchase more duty-free alcohol when visiting New Zealand than they can when travelling to Australia.

Duty-free booze bonanza for Australians under new proposal for 'Trans-Tasman bubble' travel

Under existing limits, travellers can purchase more duty-free alcohol when visiting New Zealand than they can when travelling to Australia.

Duty-free booze bonanza for Australians under new proposal for 'Trans-Tasman bubble' travel

Under existing limits, travellers can purchase more duty-free alcohol when visiting New Zealand than they can when travelling to Australia.

'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.

'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.

'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.

PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again

Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime, the officials said.

PNB fraud case: Interpol notice against Nirav Modi’s brother put up for public viewing again

Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime.

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

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

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

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.

South China Sea Watch

A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple territorial disputes over islands, coral reefs and lagoons. China’s foreign minister is dismissing claims that the country is exploiting the coronavirus outbreak to expand its footprint

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.”

As flights resume, passengers settle into new normal despite cancellations

All major airlines such as IndiGo, Air India, SpiceJet, Air Asia and others operated 30% of their regular schedules between destinations, strictly adhering to the safety protocols set by the Ministry of Civil Aviation.

In steepest fall since 2003, processing of crude slumps 29%

India’s crude oil processing in April slumped by 28.8 per cent from a year ago, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut product

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.

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.

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

Lufthansa, Germany agree on $9.8-billion rescue package

The German Finance and Economy Ministries on Monday said Lufthansa was an operationally healthy company before the coronavirus outbreak, was profitable and had good prospects for the future but had got into trouble because of the pandemic.

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.

Canadian dollar sticks to tight range ahead of Poloz speech

Loonie at 71.50 U.S. cents

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.

40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report

The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report

About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a

Coronavirus effect: 40% travel, tourism companies may shut down in 3-6 months, says report

"The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it suffering immense losses and job cuts," the report said

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.

China's pork imports in April jump 170% to record high

BEIJING, May 25 (Reuters) - 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 imported 1.35 million tonnes of pork in the first four months of this year, surging 170.4% from the same period a year ago, after a plunge in domestic production kept prices much higher than other markets.

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.

UPDATE 1-China's pork imports in April jump 170% to record high

* African swine fever slashed China's pig herd* Chinese buyers stock up on cheap U.S. pork* Pork prices have fallen in China (Adds graphic, details)BEIJING, May 25 (Reuters) - 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.

Coronavirus could cost Mexico a million jobs: President

Mexican President Andres Manuel Lopez Obrador said on Sunday that the novel coronavirus could cost as many as a million jobs in the country as ...

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

PM's economic package 'jumla', less than 1pc of GDP: Chavan

Senior Congress leader Prithviraj Chavan, incidentally, had demanded a Rs 21 lakh crore package in April this year.

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.

PM's economic package 'jumla', less than 1pc of GDP: Prithviraj Chavan

Some euro zone central banks need to do more, others less: ECB's Villeroy

Some euro zone central banks need to do more, others less: ECB's Villeroy

PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days

Major industries, govt agencies owe about Rs 5 lakh cr in outstanding dues to MSMEs: Nitin Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days.

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.

New emissions blow for VW as German court backs damages claims

LONDON: Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts. Brent was flat at $35.13 a barrel, while US oil gained 10 cents, or 0.3 percent to $33.35 a barrel. Both are down around 45 percent so farthis year.

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

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.

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

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.

Virgin Australia lessors agree in principle to delay plane repossession: administrators

Virgin Australia lessors agree in principle to delay plane repossession: administrators

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

ACTU lays out demands for Virgin bidders

With binding bids for Virgin due to administrator Deloitte on June 12, ACTU president Michele O'Neil says the union bloc will not budge on worker entitlements.

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

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...

Ontario offers loan of up to $500M to lottery and gaming corporation

Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.

Ontario offers loan of up to $500M to lottery and gaming agency

Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.

Nissan says preparing to gradually restart Mexico operations

The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with ...

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

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

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 ...

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".

Chinese tech giant criticises US for 'politicising business'

The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses.

Chinese tech giant criticizes US for 'politicizing business'

BEIJING — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.

Chinese Tech Giant Criticizes US for 'Politicizing Business'

One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government ent

US ‘politicising business’, says Chinese anti-virus firm blacklisted from importing tech from America

President Donald Trump’s administration says Chinese tech is based at least in part on stealing foreign knowhow and is used to spy on the US

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.

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.

The Guardian view on Europe and Covid-19: time for true solidarity

Editorial: A €500bn recovery fund proposed by Angela Merkel and Emmanuel Macron, to be distributed to the worst-hit EU countries, could be a breakthrough moment

How Merkel caved to Macron

Redistribution will not cure Europe’s ailments.

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

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.

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.

BTC Failed to Break $10,000 – How to Hedge Loss in Spot Trade?

Bitcoin’s 3rd halving was expected to be a bullish event for BTC investors. However, Bitcoin tried 4 times to break above the strong resistance of $10,000, but it failed. Since May 20, the price of BTC has declined nearly 10%, and reached the lowest of $8,800 on May 21, shifting traders’ focus from breaking the $10 resistance to now holding above the key support of $9,200. 

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.

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.

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

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".

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.

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…

Japan government considers further pandemic relief of more than ¥100 trillion, report says

The package would be funded by a second extra budget for fiscal 2020 and follow the record ¥117 trillion spending plan deployed last month.

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 ...

ANZ 'hopeful' COVID loan deferrals not as dire as feared

ANZ Bank chief Shayne Elliott says about half the borrowers who deferred loan repayments in response to the pandemic have not suffered a drop in income.

ANZ 'hopeful' COVID loan deferrals not as dire as feared

ANZ Bank chief Shayne Elliott says about half the borrowers who deferred loan repayments in response to the pandemic have not suffered a drop in income.

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.

Chinese e-commerce giant Alibaba’s shares drop; revenue estimates weighing on Jack Ma’s firm

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.

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.

Library users turn to Australian authors as digital usage jumps

The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.

Library users turn to Australian authors as digital usage jumps

The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.

Library users turn to Australian authors as digital usage jumps

The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.

Germany still in talks with EU over Lufthansa bailout, expects green light: Altmaier

BERLIN (Reuters) - Germany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa (LHAG.DE), Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout.

Germany stamps authority on Lufthansa with €9b lifeline

FRANKFURT, May 26 — Germany threw Lufthansa a €9 billion (RM42.7 billion) lifeline yesterday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20 per...

Cambodia bourse sees first bank listing

Acleda Bank, the largest commercial bank in Cambodia, downplays the risks of debuting on the Cambodia Securities Exchange during the coronavirus pandemic

Cambodia bourse sees first bank listing

PHNOM PENH, May 25 — Cambodia’s largest commercial bank listed on the country’s stock market today, the first lender to trade on the fledgling exchange, despite uncertainty caused by the coronavirus pandemic. Acleda Bank became the sixth firm to join the Cambodia Securities Exchange (CSX),...

Acleda Bank lists on KRX-invested Cambodian stock exchange

Acleda Bank, the biggest commercial bank in Cambodia, said Monday it was listed on the Cambodia Securities Exchange in which the Korea Exchange (KRX) has invested. The Cambodian bank had assets of $6.18 billion as of the end of last year. Its market capitalization marked $1.75 billion -- nearly three times that of five listed firms in the country. Since the large-cap stock went public, the lackluster Cambodian stoc...

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.

Canada's banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

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.

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

How the Sunrise Foods buy spices up business for ITC

The move strengthens the tobacco major’s push towards non-cigarette FMCG business

ITC to acquire spices maker Sunrise Foods

The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.

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

ITC To Acquire Spice Maker Sunrise Foods

ITC-Sunrise Foods Deal: ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited.

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.

Business Cheers Plans to Reopen South Africa’s Economy

South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.

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.

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.

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.

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.

Indian Tea industry suffers loss of Rs 2100 crore in WB and Assam

Kolkata: The tea industry in two states, West Bengal and Assam is staring at a loss of around Rs 2,100 crore due to the Covid-19 pandemic as production has dipped by a whopping 65 percent in the past two months.

German activity picks up, can't escape official recession

FRANKFURT — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings as Germany faced a long journey toward full recovery from the coronavirus downturn. Revised official figures released separately Monday showed the economy has now recorded two straight …

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.

Oil falls as US-China tensions take toll

Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from

UBS announces global financing team

NEW YORK (Reuters) - UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.

UBS announces global financing team

UBS announces global financing team

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.

As malls reopen across the country, worries grow that consumers won’t come back

Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close

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

CREDAI seeks restructuring scheme to revive realty sector

Also wants new home loans extended at 5% rate of interest

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

MUNICH (Reuters) - Siemens is planning to keep a 45% stake in its energy business which the German engineering group wants to spin off later this year, two people close to the matter said on Monday.

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

Covid-19: Minister confirms review of special unemployment payment

Figures show 35,600 people who were receiving the benefit are now returning to work

80 flights cancelled at Delhi airport; airlines follow Covid-19 guidelines

The flight schedule had been made for all airports, including those in West Bengal, Maharashtra and Tamil Nadu, which have decided to defer or restrict flights for now

Chaos reigns at airports as domestic flights take off after 2-month gap

Tweaking of flight schedules led to cancellation of several flights

Covid-19: Maharashtra says passengers flying into state must go into 14-day home isolation

On Sunday, the Maharashtra government had said that only 25 flights will be allowed to land and take off from the Mumbai airport.

Domestic flights resume, passengers complain of flights being cancelled without notice: 10 points

Domestic passenger flights are resuming across airports from today. Most airports are operating 25 flights daily. As passengers queued up outside airports from Sunday night, many complained of flights being cancelled without prior notice.

Delhi-Pune, Mumbai-Patna, Ahmedabad-Delhi among first flights to take off as domestic air services resume after two months

Indian skies will open up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry sources said

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.

'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

'It's kind of glum': US farmers worry as crop prices dip

Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.

US farmers worried as crop prices dip

Market disruptions have been caused by the Covid-19 pandemic.

Covid-19: After govt intervention, prices of N-95 masks down by up to 47%

To address the issue of higher prices of the N-95 masks, the NPPA intervened to ensure their availability at affordable prices in the country, the Ministry of Chemicals and Fertilizers said in a statement on Monday.

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

Iranian tanker docks in Venezuelan port, domestic refining rises

VALENCIA — The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said on Monday, and Refinitiv Eikon data showed a second vessel had entered its waters.

Iranian tanker docks in Venezuelan port

The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said on Monday, and Refinitiv Eikon data showed a second vessel had entered its waters. Iran is providing Venezuela with 1.53 million barrels of gasoline and refining…

A well-balanced stimulus package

It will minimise the human cost of the COVID-19 crisis and also pave the path for structural reforms

OPKO Health: A Hero Against The COVID-19 Villain But Has To Control Those Expenses Going Forward

The company has been able to rapidly ramp up testing for COVID-19. Its revenue figures are down as sales of its other products have been affected by confinement

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

Digitex Futures Adds Chainlink Integration For Unrivaled Price Data Accuracy

Digitex Futures has revealed a new partnership with Chainlink to provide the most consistent and accurate price data without fluctuation.

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.

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.

POP: Corps members to collect certificates at LGAs

The National Youth Service Corps has directed qualified Batch "B" Stream 1 corps members passing out on Thursday to collect their National Service...

NYSC warns corps members against violating inter-state lockdown over collection of discharge certificate

NYSC, has urged corps members who at present are not in their States of service, not to violate the ban on inter-state journeys

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON, May 26 — Stocks gained modestly yesterday 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. MSCI’s gauge of world stocks gained 0.4 per cent, nearing a...

Global Markets: German sentiment survey boosts stocks, Europe focuses on recovery fund

By Yoruk Bahceli and Saikat Chatterjee 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. MSCI's gauge of world stocks gained 0.4%, nearing a 2-1/2 month high. The pan-European STOXX 600 index was up 1.2%

‘Peak power demand may reach 7,409 MW by July’

With easing of lockdown restrictions and signs of “revival of activity”, electricity discom Tata Power on Monday said peak power demand could reach 7,409 MW by July, matching last years peak power. Fo

Delhi sees season's highest power demand on Sunday

Tata Power Delhi Distribution said it met the peak power demand of 1493 MW on Sunday night.

The problem with the liquidity push

Even if partially successful, it will culminate in eventual default; the crisis is only likely to intensify

These International Stocks Are Extremely Undervalued - Part 1

In this article, we echo a similar piece done about a week ago but instead focus on undervalued international stocks. Here, we find companies hailing from Scand

Hairdressers to present proposals for earlier reopening

Industry body draws up list of more than 100 recommendations for salons

'We’re already well equipped': Hairdressers ask to be able to reopen earlier

It is recommending the Government open salons on June 29.

Jaguar Land Rover in rescue talks as sales plummet

Jaguar Land Rover is seeking a UK government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.

Jaguar Land Rover in rescue talks as sales plummet

Jaguar Land Rover is seeking a UK government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.

Tata Motors' JLR seeks COVID-19 support package in UK: Reports

Tata Motors owned Jaguar Land Rover (JLR) is said to be in talks with the UK government for an estimated one-billion pounds support package to tide through the coronavirus pandemic, according to British media reports.

Toyota prepping for gradual re-start in Mexico: spokesman

MEXICO CITY (Reuters) - Toyota Motor Corp’s Mexico unit is in a preparation phase for the gradual re-start of its operations in the states of Baja California and Guanajuato, a spokesman told Reuters on Monday.

Toyota prepping for gradual re-start in Mexico: spokesman

Toyota prepping for gradual re-start in Mexico: spokesman

Mexican auto industry groups urge Puebla state to allow operations to restart

MEXICO CITY — Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus.

Mexican auto industry groups urge Puebla state to allow operations to restart

Mexican auto industry groups urge Puebla state to allow operations to restart

Book sales soar as French lockdown eases

A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.

Nissan has not confirmed if plans to close Spanish plant: industry secretary

Nissan has not confirmed if plans to close Spanish plant: industry secretary

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.

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.

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

India sharply cuts exposure to US govt securities to $156.5 billion in March

India's holding declined by USD 21 billion to USD 156.5 billion at the end of March. The exposure was at a record high of USD 177.5 billion in February and USD 164.3 billion in January.

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.

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.

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

Saudi Arabia to Ease Coronavirus Restrictions on Thursday

DOHA (Sputnik) - Saudi Arabia will start phasing out restrictions on Thursday that were imposed to limit the spread of the new coronavirus, Health Minister Tawfiq...

COVID-19: Saudi Arabia enters new phase in virus war

Commitment is the key to safety, says minister

Rushed Log Legislation Deserves The Chop

Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.

Rushed log legislation deserves the chop - Federated Farmers

Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.

GST refund: CBIC clears Rs 11,052 crore claims

Asia virus latest: Japan to lift emergency, India domestic flights resume

Here are the latest developments in Asia related to the coronavirus pandemic:- Japan set to lift virus emergency -Japan is poised Monday to lift its nationwide state of emergency over the coronavirus, gradually reopening the world's third-biggest econo...

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.

Target To Close, Rebrand At Least 122 Stores In Australia

The Target retail brand is set to almost vanish in Australia, with parent company Wesfarmers announcing that up to 167 Target stores would either be re-branded to Kmart or closed down entirely....

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%.

Sebi okays use of shares in depository account as margin until Aug 31

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

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.

RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

Home, Personal Loan EMI Moratorium: With the hardship continuing due to the ongoing lockdown, the RBI has extended the moratorium of term loans by a further three months till August 31, 2020.

Hong Kong move exposes China's superpower fail

For all its pretensions, Beijing has proved completely unable to manage the people of a sophisticated and free global city.

EU tells China to respect Hong Kong freedoms

China ought to preserve Hong Kong's "high degree of autonomy, in line with ... international commitments", EU foreign affairs chief Josep Borrell has said on behalf of the EU, after new Chinese security measures that threatened to violate the 1997 China-U...

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.

China lowers yuan midpoint to weakest since 2008 global financial crisis

SHANGHAI — China’s central bank on Monday lowered its official yuan midpoint to the weakest since the 2008 global financial crisis, reflecting losses in the spot yuan on Friday after Beijing proposed a new national security law for Hong Kong.

India among 10 worst-hit COVID-19 nations as cases jump; air travel reopens

MUMBAI (Reuters) - India on Monday posted its biggest single-day jump in cases of COVID-19, overtaking Iran to become one of the 10 worst-hit nations, even as the government allowed domestic air travel to restart.

CSMIA operates 47 flights to 14 destinations on May 26

These 47 flights were undertaken by seven domestic carriers, Mumbai International Airport Ltd ( MIAL) said in a statement.

Maharashtra govt appoints nodal officers to handle domestic flight passengers

The state government appoints the additional municipal commissioners as the nodal officers for the purpose of enforcing the SOP norms

As India resumes domestic operations partially after two months of shutdown, 82 flights cancelled on Day 1

The Centre had only allowed limited flights of about one-third capacity of the summer schedule to operate between metro cities and other destinations.

Mumbai airport commences operations after two months; first flight departs for Pune

Domestic flights resume operations after 2 months:  The first flight departed from Mumbai airport to Patna at 6:45 AM today. The first arrival flight to Mumbai departed from Lucknow at 8:20 AM. Both flights will be operated by IndiGo

Four flights cancelled in Mangaluru

Four out of six daily domestic flights scheduled from Mangaluru International Airport from May 25 were cancelled on Monday.SpiceJet and IndiGo cancelled their flights to Mumbai scheduled in the foreno

215 slots ready from Bengaluru's KIA

The Kempegowda International Airport (KIA), the country’s third busiest, will resume domestic flight operations on Monday with slots opened for a total of 215 Air Traffic Movements (ATMs) — 108 departures and 107 arrivals.

Bengaluru Airport resumes operations with ‘contactless’ experience

A contactless ‘parking-to-boarding’ experience has been introduced at Kempegowda International Airport Bengaluru…

First flight to leave Bengaluru in two months to Ranchi

The first flight to leave Bengaluru is set to be an Air Asia flight to Ranchi at 5.15 am while the first incoming flight would be an Indigo flight from Chennai at 7.35 am.

Aristocrat agrees to $47m payout to settle smartphone game lawsuits

The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.

Aristocrat Leisure Pays $47 Million To Settle Social Media Gambling Lawsuits

Aristocrat Leisure – Australia’s largest gambling machine manufacturer – has agreed to pay USD$31 million (A$47.4 million) to settle two lawsuits lodged in Washington State, USA.

Aristocrat agrees to $47m payout to settle smartphone game lawsuits

The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.

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.

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.

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'.

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.

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 ...

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

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

Trudeau, Singh pressed on party's decision to access COVID-19 wage subsidy

Prime Minister Justin Trudeau faced multiple questions today on why his party applied for a federal wage subsidy program for organizations facing economic hardship due to COVID-19.

Trudeau, Singh pressed on parties’ decisions to access COVID-19 wage subsidy

All three parties have said donations have dropped further since the COVID-19 pandemic began

Iran's Zanganeh says hard to predict oil prices as demand unclear - radio

DUBAI — Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.

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

Elumelu to lead Senegal, Liberia presidents, others at UBA Africa Day forum

Senegal President Macky Sall, Liberia President George Weah and United States Senator Chris Coons will be part of a High-Level Leadership Panel....

Liberia: President Weah, Others To Partake In UBA’s Africa Day High Level Panel

Abuja – The President of the Republic of Liberia, His Excellency, Dr. George Manneh Weah will on Monday, May 25, 2020 participate in the virtual United Bank For Africa (UBA)’s Africa Day High Level Panel. According to a release from the Liberian Embassy in Abuja, the high level panel discussion is the Second Edition of […]

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.

Domestic flight services resume at Tiruchi airport

IndiGo flight with 66 passengers from Bengaluru lands; airline cancels services on Chennai sector; passengers scanned on arrival

No, the paracetamol trick won't work with airport staff anymore

All passengers coming in from high-prevalence states will have to undergo a mandatory quarantine period

Alphabet's drone delivery service Wing has made 'thousands' of deliveries in Australia during the pandemic

Drone delivery service Wing has seen an uptick in use during the coronavirus pandemic.

Drone Deliveries In Canberra Surge 500%

Wing, a drone delivery company that is owned by Alphabet, has been trialling its services in Canberra, and since February, the firm has recorded a 500% increase in its delivery volumes.

SC allows Air India to operate flights till June 6 with middle seats filled to fly stranded Indians

India Business News: The Supreme Court on Monday allowed Air India to keep the middle seats occupied while operating its non-scheduled flights to bring back Indians stran

SC allows AI to run int'l flights with middle seats filled for 10 days

The top court said that after June 6, Air India will operate its non-scheduled flights in accordance with the interim order to be passed by the Bombay High Court

Covid-19 pandemic: Fall in household spending could reduce tax revenue by 20%

Three different scenarios were analysed, going from best to worst.

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...

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.

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

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

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.

DA calls for special inspector-general to prevent graft in relief fund

The party also threatened to table an amendment to the Special Appropriations Bill, should Mboweni not adhere to the request.

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.

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.

Skills and training overhaul to form centrepiece of PM’s economic recovery plan

Prime Minister Scott Morrison will unveil major changes to skills and vocational training in a major economic speech about coronavirus recovery.

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...

On Not Buying What Todd Muller Is Selling

Chloe Swarbrick is number three in the Greens Party list released this morning. Todd Muller has released his new party line-up today, which will excite everyone who still wants to know what Gerry Brownlee and Judith Collins will be up to in future. Wider point being : Swarbrick is a household name after three years in Parliament, and has been steering our cannabis laws towards a national referendum at this year’s election. Todd Muller has spent twice as long in Parliament as Swarbrick and yet – until last week – no one beyond his immediate family and friends had ever heard of him.

'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 ...

Coronavirus: Government draws up plan to rescue key firms

The government could aid strategically important firms affected by the coronavirus pandemic.

Ontario used auto dealers expect tough year ahead, prices already down

TORONTO — A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come. The survey conducted by DesRosiers Automotive Consultants Inc. and the Used Car Dealers Association of Ontario found that almost a third of dealers saw prices decline between 11 and 20 per cent from March to April, …

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.

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.

British farmers 'will go out of business' in UK-US trade deal, Theresa Villiers warns

British farmers “will go out of business” as a consequence of a trade deal with the United States, former environment secretary Theresa Villiers has warned. Admitting that she had "great fears" about "unfettered competition between domestic farmers and US imports", she said it would

Rural migrants suffer most amid China's unemployment misery

BEIJING (Reuters) - Migrant workers Zhang Jianpeng and his wife returned to Beijing in late April, after nearly three months in lockdown at their home village in northern Shanxi province waiting for China’s COVID-19 epidemic to subside.

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.

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.

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

BA planning to rehire sacked staff on worse terms, union says

Unite accuses airline of using coronavirus crisis as cover for betraying its workforce

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.

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.

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.

Toyota Kirloskar Motor to resume manufacturing operations from May 26

The company officials are closely monitoring and evaluating the situation to gradually ramp up operations, the company added.

Coronavirus impact: Toyota will resume production from May 26

Toyota will resume manufacturing operations at its plant in Bidadi from May 26 in a staggered manner to reduce the risk of contracting the Coronavirus.

Toyota to resume manufacturing operations from Tuesday

Toyota Kirloskar Motor (TKM) on Monday said it will resume manufacturing operations at its Bidadi (Karnataka) plant from Tuesday.

Kotak Mahindra Bank shareholders approve plan to raise capital

Kotak Mahindra Bank on Monday said it has received shareholder approval for its capital raising plans.“We would like to inform you that the above mentioned special resolution has been passed by the me

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

Relocate dry dock to N’Delta, UNDEDSS, PANDEF urge FG

The Pan-Niger Delta Forum (PANDEF) and the United Niger Delta Energy Development Security Strategy (UNDEDSS) have urged the Federal..

POST COVID-19: Relocate dry dock to open up economy in N’Delta – PANDEF, UNDEDSS

THE Pan Niger Delta Forum, PANDEF and the United Niger Delta Energy Development Security Strategy, UNDEDSS, Monday, restated calls for...

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

Globe and Mail: Canadian PM Trudeau asks bank CEOs for views on economy, coronavirus relief – Reuters

Early Monday morning, Reuters came out with the news, relying on the Globe and Mail, to convey that Canadian PM Just Trudeau seeks guidance to determi

Ambattur industrial estate sees muted activity

Fear over COVID-19 cited as the reason for poor turnout of workers

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.

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.

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.

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.

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.

Virus obstructs US and UK bids for $800m South Korea helicopter deal

Travel restrictions and spending cuts muddy defence sector outlook

Europe eclipses China in electric vehicle investment

EU carmakers help close the gap as they race to comply with strict CO2 emissions targets

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.

Consumer Confidence Inches Higher in Canada, Except for Housing

Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.

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.

EU watchdog hopeful most banks can absorb €380bn pandemic hit

Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority

Steve Mnuchin’s socialite sister sues potential buyers of her $8M pad

The socialite sister of US Treasury Secretary Steve Mnuchin is suing two potential buyers of her Park Avenue penthouse for a near $1 million deposit after she claims they tanked the deal, new court

Lithium Miners News For The Month Of May 2020

Lithium prices were slightly lower for the month, but look to have bottomed. Lithium market news - Higher demand boosts China's battery material output. Posco C

The changing face of the billionaire classes

Is Europe becoming more American in its wealth creation as the US becomes more European?

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 Africa can’t afford further delay on AfCFTA -- AFREXIMBANK

The devastating impact of the coronavirus pandemic on Africa’s economy has shown that the continent can ill-afford a further delay in the implementation

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.

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.

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.

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?

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 […]

Rolls-Royce increases price-cuts pressure on suppliers

Big equipment makers turn to strained supply chain for savings

Coronarvirus intermission? More than 80% of film audience miss theatres

That and more is what 'Back to the Theatre', consulting firm Ormax Media's report on the 'Expected theatre-going behaviour in India post Covid-19,' states

Lockdown: Audiences willing to return to cinemas provided safety protocols in place, says survey

Ormax Media released a survey on expected movie-going patterns in India once restrictions are lifted.

Brussels looks to new taxes to pay off pandemic recovery debt

Corporate and green levies could help raise money for EU borrowing if member states agree

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.

As a digital creator, how can I protect my content and make sure I get credit for my own ideas?

If you are working as an independent contractor, you are the owner of the copyright in your original creative work, assuming you have not assigned your rights under a contract

UK planning to reduce Huawei’s 5G role: Report

The British prime minister instructed officials to draw up plans under which Chinas involvement in the countrys 5G infrastructure would be scaled down to zero by 2023, according to the newspaper.

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.

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

Vermilion Energy CEO’s departure signals return to conservative roots

Return of co-founder as executive chairman comes with greater focus on balance sheet

Global engines fire up again, Europe makes steady start

Europe, despite reeling under the pandemic, is steadily opening up.

Monday’s small-cap stocks to watch

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today

Federal government plans to accelerate investments in high-speed internet for remote parts of Canada

Ottawa to launch website that will track broadband infrastructure projects through various stages of progress

Supplies of smartphones, tablets, laptops hit due to lower production & distribution workforce

Two senior industry executives said brands like Apple, Xiaomi, Oppo, Vivo and Realme are facing supply issues with operational plants running at 30-35% capacity and several warehouses are not able to operate normally.

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.

Streetwise newsletter: Public pension plans largely stick to convention and offer little information on pandemic impact

Public pension plans largely stick to convention and offer little information on pandemic impact: The Canada Pension Plan Investment Board is about to give Canadians insight into what COVID-19 has done to the investments of the country’s public pensions in the past few months – but for members of most other major plans, the damage that’s been done from a sharp, sudden decline in markets may remain a mystery. (David Milstead)

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.

Hulbert: My stock market forecast for June is likely wrong — but watch out for August

The March lows of the coronavirus crash could still be tested, writes Mark Hulbert.

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.

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.

One wound-up Franklin scheme ‘erroneously’ sold ICICI debt

The fund house said it has compensated the scheme for the erroneous trade.

Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%

SmartCentres, SNC and Telus see insider buying

This Morning viewers in uproar after expert talks about loophole for travelling

The travel expert went on to explain that he wasn't 'condoning' the loophole

Deficit monetisation: Is it really as simple as RBI printing more money?

India has a comfortable foreign exchange reserves of $487 billion currently.

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.

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

Big Short in U.S. Stocks Needs Watching, Says One Market Veteran

A large bearish position in U.S. equities that’s been amassed by trend-following funds may prove vital to the next move for stocks, according to a strategist who’s been analyzing markets since the early 1990s.

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

Germany's Scholz: Lufthansa rescue package should yield 'small profit' for state

BERLIN (Reuters) - Germany’s rescue package for flagship carrier Lufthansa (LHAG.DE) is a “very, very good solution” that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.

Virgin Media to offer free TV ads for SMEs under €1m support scheme

Broadband and pay-TV operator to showcase how businesses are responding to pandemic

Virgin Media Ireland announce €1 Million fund to help businesses nationwide

Virgin Media has today launched a  €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.

Merkel won't allow EU to deprive Lufthansa of key slots: Handelsblatt

BERLIN (Reuters) - Chancellor Angela Merkel told senior members of her party that the German government would not allow the European Commission to deprive Lufthansa (LHAG.DE) of valuable take-off and landing slots at Frankfurt and Munich airports, Handelsblatt reported.

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...

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...

EasyJet faces huge class-action lawsuit over data breach

UK law firm PGMBM files class-action claim on behalf of affected EasyJet customers.

IBM, HP announce major job cuts

Although exact number of layoffs was not confirmed, reports suggest it could be in the thousands.

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.

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.

Nigeria’s economy expands 1.87% y/y in Q1

Expected recession could be worst in 40 years -World Bank.

Rich Chinese Snapping up Luxury Homes From Singapore to Sydney

Rich Chinese home buyers are back.

COVID-19 Economic Recovery: 'Our Companies Will Do as Well as Russia Does', Says AmCham Russia CEO

As most businesses headquartered in Moscow, including foreign firms, remain on COVID-19 lockdown, the American Chamber of Commerce in Russia has moved most of its...

Payments for CERB top $40 billion as feds open doors for commercial rent help

OTTAWA — 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.Federal figures posted . . .

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.

2 Social Security Moves That Can Protect Your Retirement From Future Benefit Cuts

Social Security cuts may be on the horizon, but you can still safeguard your retirement.

Coronavirus crisis provides fertile ground for online fraudsters

Surge in number of scammers exploiting global scramble for protection equipment

UK to Explore Self Sufficiency to End Reliance on China

The British government will make plans to reduce the United Kingdom's reliance on imports from foreign countries like China.

Letters to the Editor — May 26, 2020

NREGA to the rescueWith lakhs of migrant workers rushing back to their home States due to the lockdown, MGNREGA appears to be the only scaleable programme of rural employment that can come to their re

Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan

It is a conscious decision: Pradhan

France Announces 'Reciprocal Quarantines' for British Airport Arrivals

France has announced that it will be imposing 'reciprocal' quarantine measures on British arrivals after the UK announced quaranite measures.

Early take-off: On resumption of air travel

With no consensus on health monitoring of passengers among States, travel remains risky

‘An opportune time to invest in markets’

Clarity on economic recovery to unfold over 2 quarters: Reliance Securities CEO

April pharma exports witness uptick

Pharma exports from India grew by a small, less than 1% in April, amid the lockdown for COVID-19 that impacted production as well movement of the products.It is something to cheer about, said Pharmace

Kharge slams Modi government on absence of sector-specific plan

Senior Congress leader says the Centre has refused to address the crisis

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.

Decks cleared for formation of agriculture boards

They will recommend support packages for crop diversification

Top news of the day: Economic package is a mix of supply-side and demand-side measures, says Dharmendra Pradhan; No Eid sweets exchanged by BSF with Pakistan, and more

The major news headlines of the day, and more.

Mercedes-Benz India unveils 10-year extended loan tenure to boost demand

German luxury car manufacturer Mercedes-Benz India has come out with flexible financing solutions, including an extended 10-year loan tenure, to create demand for its products in the current subdued m

Industry gearing up for normal activity

At present, many units run by scaling down production

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

3 states finalising databases for benefit of migrant workers

The migrant commission announced by the Uttar Pradesh government will map skills of workers who have returned to the state, providing data to employment exchanges while also providing workers social security measures like insurance.

ExplainSpeaking: Watch for signals at airports and rail stations – and at the LAC

The intrusions by China at three places on the LAC will test the nerves of India's strategic and diplomatic community.

European consumers stockpile savings, adding to economic drag

Bank deposits surge as households seek to shield themselves from impact of coronavirus

Physical EGM by SBI contradicting rationale behind lockdown, says IiAS

In a report, IiAS said the bank “is compelled to hold a physical EGM in June, contradicting the rationale behind national lockdowns to contain the spread of Covid-19.”

Dawn of Asian century puts pressure on EU to choose sides, says top diplomat

EU foreign affairs chief says end of US-led global system may have arrived and Europe needs robust strategy for China

NNPC says top management appointments on merit

The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and..

NNPC says top management appointments on merit

The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountab

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

Fifteen U.S. value stocks set to perform strongly in a recovery

Looking for U.S. large and mid-cap value stocks

Temperature checks and masks: Hairdressers' pitch to open up salons before 20 July

Hairdressers and barbers are currently not set to open until phase four.

Irish Hairdressers Federation draw up plans to bid for earlier opening

The Irish Hairdressers Federation (IHF) has drawn up plans to present new recommendations to the Government in an attempt to open hair salons next...

Ajit Andhare live on Instagram @thehinduweekend

Ajit Andhare, the Chief Operating Officer at Viacom18 Studios, talks about the future of the film industry today at 5 pm on @thehinduweekend Instagram

Now, industries seek deferment of variable dearness allowance

Labour Department to hold tripartite meeting today to discuss the issue

M&M organises service support for its vehicles on essential services

Also comes up with finance schemes for frontline staff

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.

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 ...

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

EU parliament may block fund unless it has grants which do not need to be repaid

Its president says it will block the fund proposed to stem the economic damage of coronavirus unless it is sufficiently ‘ambitious’

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.

The Irish Times view on overseas aid: a lifeline under threat

The pandemic threatens to staunch the flow of aid to poor countries at a time when they badly need it

UCD academics call for virus safety incentives for businesses

Study shows businesses that invest in workplace safety 20% more likely to ‘go under’

Mortgage ILS COVID-19 Dislocation To Elevate Reinsurance Costs: A.M. Best

The current dislocation of the mortgage insurance-linked securities market due to the COVID-19 pandemic is likely to cause mortgage reinsurance rates to rise. A

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.

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 ...

Japan will aim to shore up travel demand from late July

The government will carry out support measures to shore up demand in the travel and restaurant industries hit hard by the coronavirus pandemic, starting la

Shinzo Abe's approval rating slides amid coronavirus, prosecution scandal

May 25 (UPI) -- Japanese Prime Minister Shinzo Abe's approval rating has dipped by double digits in the wake of his administration's response to the global coronavirus pandemic.

Public pension plans largely stick to convention and offer little information on pandemic impact

Neglecting to release quarterly results, the plans’ leaders say they’re built for the long term, no matter this year’s damage

RBA to update transaction processing and settlement system for new payment streams | ZDNet

The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.

Monday’s analyst upgrades and downgrades

Raymond James slashes target on CAE

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

3 Stocks to Buy and Hold for Decades

Great businesses can allow you to compound your wealth over the decades.

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?

Adobe’s top tips to adapt your commerce strategy during the pandemic

Making clear and factual statements, meeting customer commitments, and ensuring business and operational continuity is more important than ever

Resumption of flights: It's chaos for passengers

Most of the complaints are from Air India passengers

Developer O’Flynn calls for task force to deal with housing crisis

Michael O’Flynn also wants help-to-buy scheme extended to 2025

35,000 who had been recieving Pandemic Unemployment Payment returned to work last week

Assistant Secretary General at the Department of Taoiseach Liz Canavan said that while 579,000 people remain on the €350 per-week payment introduced at the beginning of the outbreak, 35,900 returned to work in the last week.

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.

Bank staff divert ₹1.42 crore at Srisailam temple

Money from sale of tickets diverted, says EO

China's Top Diplomat: 'Globalization Needs to Be Solved with Globalization'

China's Foreign Minister Wang Yi urged the world in remarks Sunday to "champion" global governance and globalization.

Lobbyists Zoom in to get their message across to Ministers

Virtual meetings set to become the norm as Covid-19 restricts face-to-face contact

Dawn Meats reopens plant supplying McDonalds burgers

Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets

Daimler aims for worldwide carbon-neutral production by 2022: CEO

FRANKFURT (Reuters) - German luxury automaker Daimler on Monday announced tougher carbon emissions targets, saying it aimed to reach carbon dioxide-neutral production of passenger cars worldwide by 2022.

Doomsday Predictions For U.S. Oil Just Aren’t Realistic

Oil is a risky business but that doesn’t mean investors won’t see opportunities in the future.

The Chinese Navy Now Outguns The Japanese Fleet—But Don’t Panic Quite Yet

China has surpassed Japan as Asia’s leading naval power. Where's the United States?

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.

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.

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.

Stock Market Boost: Unemployment Outlook Shifts To Positive

The unemployment trend, no longer rising, now looks ready to decline

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

First Solar Remains Solid Yet Unexceptional

First Solar reported mixed Q1 results in the face of the coronavirus. The company has the balance sheet and infrastructure to withstand near-term headwinds. FSL

In $16 Billion Push To Expand Broadband, America Is Flying Through a Fog

Spurred by the coronavirus pandemic, federal policy makers are pushing to spend billions of dollars to close gaps in America's high-speed internet network. From a report: There is one big obstacle: Government officials say they don't have a clear picture of where service gaps exist, meaning parts of...

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

Can former Disney executive Kevin Mayer transform TikTok?

American prepares to steer Chinese sensation through US turbulence

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.

Jefferies’ 22 highest conviction U.S. stock picks

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow