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Westpac posts $297m half year profit

The bank last week announced a $1.6 billion impairment for potential loan defaults due to the COVID-19 related shutdown and has also provisioned $900 million fo...

Treasury announces record borrowing of $2.99 trillion

Treasury also projected that it will have to borrow an additional $677 billion in the July-September quarter. In a single quarter, the government will borrow mo...

Tesla applies to become UK electricity provider

As per the Telegraph's report, this electricity bid may be a way for Tesla to showcase its Autobidder platform. However, the business actually belongs to ...

Dollar Tree shopper accused of wiping face on employee's shirt

The Holly Police Department released a video showing a man inside a Dollar Tree walking over to the clerk and wiping his nose on the employee's right sleeve. ...

J.Crew files for Chapter 11 bankruptcy protection amid pandemic

J. Crew opened its first store in downtown Manhattan in 1989 and expanded across the United States and overseas, eventually going public on the New York Stock E...

Carnival plans to resume cruises from Miami, Port Canaveral in August

Carnival Cruise Line announced Monday it would start cruises again with a fraction of its fleet this summer. All other homeport cruises from North America an...

Berkshire Records Nearly $50 Billion Loss as Buffett Talks Coronavirus

Part of this decline is as a result of Berkshire's $7 to $8 billion investment on USA airlines which have now had to close curtains to business activities due t...

Uber shuts down Eats operations in eight markets

Uber Eats Romania, a food delivery unit of US -based online transportation network company Uber Technologies, said on Monday it will discontinue operatio...

Oil falls on renewed US-China tensions, global glut

The Wall Street bank raised its 2021 forecast for global benchmark Brent crude LCOc1 prices to $55.63 per barrel from $52.50 earlier. Prices of the WTI are ...

Hong Kong 1Q Advance GDP Data Show Largest Contraction on Record

Hong Kong shares marked their biggest daily drop in six weeks on Monday, as investors braced for an escalation in U.S. "Hong Kong's epidemiological success me...

Top Amazon engineer resigns over whistleblower firings

We've asked Amazon for comment. Visit Business insider's homepage for more stories . A longtime Amazon engineer and VP says he resigned "in dismay" over Am...

Sensex Crashes Over 2,000 Points After Government Extends COVID-19 Lockdown

India VIX, the gauge of volatility, surged 28 per cent to 44. Auto shares witnessed intense selling as many auto companies including Maruti Suzuki and Bajaj...

Buffett firm exits airline stocks amid $49bn loss

Berkshire Hathaway revealed that its cash pile has grown to $137 billion in the first quarter, reflecting this challenge of finding anything good to invest in, ...

Tesla applies to generate electricity in UK

The application, made to the Gas and Electricity Markets Authority by Tesla Motors Co., does not specify the reasons for seeking a licence. It uses Tesla's mach...

Stocks slip as US pins blame for virus on China

A ramping up of tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic also weighed on markets around...

Coronavirus: Eurozone economy shrinks at record rate

Data showed that Italy joined France in recession, after GDP shrank by 4.7 percent in the first quarter of 2020, its worst slump in decades. In Germany , u...

Wizz Air's Abu Dhabi joint venture to start flights this year

Wizz Air's planned Abu Dhabi-based joint venture carrier is expected to start flying this year, the European budget airline said in a statement on Sunday. In...

American billionaire Warren Buffett sold all shares of airlines due to coronavirus

The meeting was held virtually for the first time without shareholders because of the pandemic and was streamed by Yahoo Finance. Buffett's corporation, Berks...

J Crew files for bankruptcy protection

Now, the New York Times says it's the "first major retailer to fall" from the virus, seeking bankruptcy protection to try to stay alive. J.Crew is not the fir...

Uber to require drivers and riders to wear masks

The new tech would reportedly detect whether the driver's face was covered before they went online and started accepting trips. It didn't elaborate on how the t...

Turkish Manufacturing Activity Contracts Sharply in April

The index was the lowest since the survey began 15-years ago in March 2005, a statement by IHS Markit, a London-based global information provider that compiles ...

Rolls-Royce Looks At 8000 Layoffs

It comes as customers cut production and airlines park planes amid the coronavirus pandemic, with the company being paid by airlines based on how many hours i...

Berkshire sells entire stakes in U.S airlines: Buffett

Speaking at an annual meeting in Omaha, Nebraska, which for the first time was live streamed and held without shareholders, the 89-year-old billionaire tried to...

Dividend Deferred At Westpac After H1 Cash Earnings Fall 70%

On a cash earnings basis, net interest margin - a gauge of profitability - was 2.13%, marginally higher than a year ago. Looking forward, the bank said it w...

Amazon, Whole Food Workers Hold Sick-out to Protest Covid-19 Conditions

Meanwhile, nurses at scores of hospitals across the country plan to take to the streets to protest a lack of personal protective equipment to protect them again...

Warren Buffett abandons USA airlines with a $6B billion stock sale

Berkshire Hathaway had built up shareholdings in four major airlines and was a top three shareholder after acquiring an 11pc stake in Delta, 10pc of American Ai...

May 2, 2020 Powerball Numbers For Last Night

Those numbers are 13-16-33-58-68 Powerball 24 Power Play 5x. Drawings for Pick 3, Pick 4 and Pick 5 are twice daily, at 12:29 p.m. and 7:29 p.m. Winners mus...

Warren Buffet’s Berkshire Hathaway Sells Full Slate of U.S. Airlines Investments

It was streamed by Yahoo Finance. Buffett and Vice Chairman Greg Abel, 57, spent almost 2-1/2 hours answering shareholder questions posed by a reporter. "We'v...

Corbella: Cargill, JBS and province failed at keeping workers safe

Alberta Occupational Safety and Health is investigating the outbreak, including any noncompliance with provincial worker-safety regulations, according to a Thur...

Heathrow records 97% drop in passenger numbers in April UK News

Speaking to Nick Ferrari, he said social distancing measures simply aren't possible in air travel. "If you've ever been on holiday from Gatwick, you can not...