Finance

Bed Bath & Beyond to shutter 200 stores in next two years

MORE NEWS THIS CATEGORIES

Washington in talks with chipmakers about building U.S. factories

Taiwan Semiconductor Manufacturing Co ( TSMC ), on the other hand, has been in talks with the U.S. Department of Commerce about building a U.S. factory but sai...

BC government, Translink make agreement to keep transit rolling amid COVID

Restart Plan is an important first step towards returning TransLink to financial sustainability in the long-term", chair of the Mayors' Council, Jonathan Coté, ...

Colombia's Avianca airline files for bankruptcy over coronavirus impact

Avianca Holdings - which carried 30.5 million passengers in 2019 - is now comprised of the Colombian airlines Avianca and Tampa Cargo, the Ecuadorian airline Ae...

GlaxoSmithKline divests of holding in Hindustan Unilever

As per the scheme of amalgamation amongst GSK Consumer Healthcare and HUL, the two British companies GlaxoSmithKline Pte and Horlicks had received 5.4 crore s...

Dutch eatery trials greenhouses for socially-distant dining

But in Amsterdam , Mediamatic Eten has a different idea. The vegan restaurant plans to seat its diners in small greenhouses. Mediamatic is calling the en...

US Vice President Mike Pence's press secretary tests positive for coronavirus

On Thursday one of Trump's personal valets tested positive to the virus. The US Defence Department released a statement in which they assured that the valet...

Tesla sues over shutdown as Musk threatens California exit

District Court for the Northern District of California , argues Alameda County can not "override an express permission in the Governor's Order to continue ...

Coronavirus UK: Wales to continue lockdown but with minor adjustments

Wales' First Minister Mark Drakeford introduced exclusively "modest" modifications to the lockdown on Friday - additionally together with that individuals can b...

Tesla's Elon Musk vows to pull 'immediately' out of California

Not to mention bring a lawsuit . Tesla planned to bring workers back to production lines at the Fremont factory on April 29, but had to cancel these plans af...

New Gerber baby is first adopted child to feature in ad campaign

Magnolia, who celebrates her first birthday on Saturday, makes history as the first adopted baby to win the Gerber contest. "Her personality is beyond happy and...

All Souplantation, Sweet Tomatoes locations to close for good, report says

The San Diego Union-Tribune reports the company that owns Sweet Tomatoes is closing all of its restaurants. Haywood said the company has been losing about $...

US unemployment rate will get worse, Treasury's Mnuchin says

Why it matters: With April's jobs report showing a catastrophic 14.7% unemployment rate , this is the "biggest negative shock to the jobs market that we've se...

Sidewalk Labs Cancels Quayside Smart City Project in Toronto

It began in 2017, after Sidewalk won the right from Waterfront to develop a proposal for the swath of lakefront land, dubbed Quayside , in an underdeveloped co...

Covid-19 death toll rises 626 to 31,241

Local figures of deaths in care homes, hospices and in the community are collated only weekly but when the figures announced last Tuesday are included, the tota...

California county says Tesla may not reopen vehicle factory, stifling Musk's plans

Health officials have slammed the brakes on Tesla's plans to restart production at its U.S. electric-car factory. Musk, who has been engaged in a weeks-lon...

Trudeau government rejects EIGHT MILLION face masks from China

He said any reopening should be gradual. "Of course I'm anxious - as a Quebecer, as an MP - about the situation going on in my riding, in the province, as I a...

Rolls-Royce CEO outlines plans to cut costs

Chief executive Warren East, who has presided over long-running problems with the group's Trent 1000 engines with an estimated impact of £3.2bn of costs and los...

Southport MP welcomes Bounce Back Loans Scheme

The government will provide lenders with a 100% guarantee for the loan and pay any fees and interest for the first 12 months. The "Bounce Back" scheme was lau...

Unemployment Is Now As Bad As It Was During The Great Depression

The Department of Labor's closely watched monthly employment report also showed the unemployment rate surging to 14.7 per cent last month, shattering the po...

Feds reject eight million N95 masks from a single distributor

The federal government says it won't pay for masks that fail to meet national standards and is looking into using faulty ones for non-medical purposes, as Ottaw...

ICICI Bank Q4 net rises 26% to ₹1,221 crore

For 2019-20, the bank's net profit surged to ₹7,931 crore crore from ₹3,363 crore in 2018-19. ICICI Bank said total advances increased by 10% year-on-year to ...

Tesla secures $565 mln loan for Shanghai factory

It was only a few weeks ago that Tesla announced it would restart manufacturing at its plant on the outskirts of Shanghai. Tesla's Shanghai factory struggled ...

Guy Fieri raised $20 million for restaurant workers amid pandemic

The almost nationwide lockdown brought about by the COVID-19 contagion has hurt the restaurant industry has hard as any. Nearly 6 million restaurant workers ...

Lagarde says European Central Bank 'undeterred' by German QE ruling

Germany's Constitutional Court ruled this week the European Central Bank had overstepped its mandate with trillions of euros' worth of bond purchases, and sai...

Will PPP loans save small businesses? Even $530 billion can’t fix everything

Small business owners are being encouraged by lawmakers to apply for the Paycheck Protection Program (PPP). The SBA guidance and regulations provide that any ...

FDA Approves COVID-19 Antigen Test Which Can Produce Results In Minutes

One, called a polymerase chain reaction, or PCR test, is a molecular diagnostic tool that identifies the virus's genetic material. It is designed for the detect...

USA jobless rate soars over 14.7 pct in April amid pandemic

The job losses shattered the post-WWII record of 10.8 percent touched in November 1982. Since mid-March, numerous U.S. states have rolled out "stay-at-home" p...

Wizz Air plans for easing of restrictions with holiday flights from June

This compares to 75,501 flights it had been expected to fly before the outbreak of coronavirus. Low-priced airline Ryanair flew just 40,000 passengers last ...

Heathrow to begin temperature screening of passengers

Before any new measures are rolled out across the airport, they will be reviewed against Heathrow's three tests to ensure that they are medically grounded, buil...

Virus Fallout Destroys 20.5 Million US Jobs, Unemployment Rate Shatters Record

The economic damage has been swift and stunning. In the two years of the global financial crisis, the world's largest economy lost 8.6 million jobs and the u...