Finance

Partial building collapse near Miami

MORE NEWS THIS CATEGORIES

Virus-hit German economy plunges into recession

On the year, gross domestic product in Europe's largest economy fell by 2.3 percent from January to March, Friday's data showed. Output data for the fourth qu...

Zomato's Covid19 Survival Plan: Layoffs, Pay Cuts & More

Gurugram-headquartered foodtech unicorn Zomato is the latest company to announce mass layoffs and pay cuts across the organisation to survive the Covid-19 pan...

Australia 'standing its ground' navigating trade tensions with China

The AWU, which was founded in the 1880s and has over 100,000 members, says Australia must stand firm against the Chinese government. "And that won't change". Mr...

WTO chief to leave office later this year

In a text of remarks to the WTO's members, Azevedo said he thought it was also in the best interests of the organisation. The 25-year-old trade body has never...

IndiGo promoter Rahul Bhatia to participate in Virgin Australia sale

Virgin Australia, which went into administration last month and reportedly owes more than $7 billion, will help provide access to the Australian domestic mark...

Coronavirus to inflict up to $8.8 trillion in global losses, says ADB

The report, Updated Assessment of the Potential Economic Impact of COVID-19, found that economic losses in Asia and the Pacific could range from 1.7 trillion ...

USA could cut ties with China over coronavirus, ‘save $500 billion’

Trump has sought to blame China for the coronavirus pandemic as public confidence in his handling of the USA outbreak has sunk. Now as the USA has become ...

Sensex rallies 637 pts on govt stimulus boost; banking stocks soar

Thereafter, it settled 885.72 points, or 2.77 per cent, lower at 31122.89. After rallying 1,474.36 points during the day, the 30-share index surrendered some ...

Amazon CEO Jeff Bezos Could Become World's First Trillionaire by 2026

Bezos is now valued at $140 billion, up from the $125 billion he was valued at - largely thanks to a surge in Amazon's share price which has been immune to COVI...

Aus govt working 'around the clock' to fix China beef import ban

It is thought to have started at an animal market in the Chinese city of Wuhan late previous year. "Now the decision themselves concern us, and that's why we'...

Dow slides early Thursday to extend string of losses this week

Technology and financial stocks accounted for a big slice of the gains. The Dow Jones Industrials fell another 318 points, or 1.4%, to 22,848, headed for its ...

Tesla allowed to open its plant

The previous reopening date set by Alameda County was May 31. "We. held productive discussions today with Tesla's representatives about their safety and preve...

Roberto Azevedo, head of WTO, to step down early

The WTO club of 164 members, which is created to set global trading rules, has also not produced any major worldwide accord since abandoning its "Doha Round" of...

IndiGo in a round of debt buying Australia’s Virgin Australia Airlines

Virgin Australia , Australia's second-largest airline, entered bankruptcy administration two weeks ago after the government refused the airline's request for a ...

Powell warns possible sustained recession, no negative rate considered

The Nasdaq Composite was down 70.98 points, or 0.80 per cent, at 8,792.19. The markets' action came after Fed Chairman Jay Powell warned of a protracted roa...

Coronavirus: Global stocks slide on rising US-China tensions and Fed warning

In the first six weeks of the pandemic-induced economic shutdown, 30 million people lost jobs. There are three key takeaways from Powell's speech . infectiou...

Reopened factories: Official Covid-19 guidelines for manufacturing

The guidance applies to businesses now open. For the construction sector these guidelines complement guidance already in place by way of the Site Operating P...

Fed starts buying corporate bond ETFs

The New York Fed said the secondary market corporate credit facility is expected to begin purchasing eligible ETFs in early May. The Fed drafted BlackRock...

Unemployment jumps as coronavirus shuts swathes of businesses

Unemployment stood at 5.2 percent in March. "This means there was a high number of people without a job who didn't or couldn't actively look for work or weren...

Pelosi Unveils $3T Relief Package

The new bill offers another $1,200 payment for each family member in a household, totaling up to $6,000. Around $200 billion would got to a "Heroes Fund", whi...

Trump rips into China over coronavirus, 'very disappointed'

The US alone has recorded close to 85,000 COVID-19 deaths. The legislation was introduced by Senator Lindsey Graham and eight other senators on Tuesday. The G...

As South Dakota businesses reopen, unemployment claims continue to rise

That means the pandemic has sidelined roughly 23 percent of the American labor force as it put the USA economy into a deep freeze. The surge in jobless claims...

Unemployment will "get worse before they get better", says Mnuchin

The U.S. unemployment rate reached 14.seven percent in April, a rate last seen during the Great Depression. We'll have a better third quarter. The president r...

Coronavirus sinks British economy & the worst is yet to come

The monthly drop in gross domestic product was felt in nearly all sectors - from the country's shuttered restaurants and bars to its building sites and factor...

Twitter to continue work-from-home policy after pandemic

A Twitter spokesperson explained, "We were uniquely positioned to respond quickly and allow folks to work from home, given our emphasis on decentralization and ...

Australia must brace for more 'hard news', says PM as employment slumps

Underemployment - those with a job who wanted more hours of work - surged by more than 600,000 to 1.8 million people, taking the rate to a record high of 13.7 p...

Walmart repeats cash bonuses for all USA hourly employees and associates

Full-time hourly associates will receive $300, while part-time hourly and temporary associates will be given $150, according to Walmart . Employees must have...

Rs 20 lakh-cr stimulus to bring in self-reliance

Finance Minister Nirmala Sitharaman addressing press conference on May 13, outlined the first tranche of the contours of India's massive Rs 20 lakh crore fisc...

Emirates to launch nine commercial destinations next week

However, the airline said yesterday that the uptick in services will ensure "seamless connection in Dubai for customers flying between the United Kingdom and A...

Fed Chair Warns Of Prolonged Recession From Coronavirus Pandemic

Yet negative rates appear to have done little to stimulate the economies of the countries that have adopted them. Last week, the government reported that the ...