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United Kingdom unveils new post-Brexit tariff regime

At present, only 46 per cent of non-EU trade is tariff-free under the bloc's scheme. Items such as dishwashers, freezers and even Christmas trees will see zer...

India to witness worst recession in 2nd quarter: Goldman Sachs

While Nomura has forecast recession-three consecutive quarters of recession, Goldman Sachs , Bank of America, UBS and HSBC have been less harsh with econ...

Bharti Airtel rallies 10% after Q4 earnings, hits 1-year high

While the telecom operator posted consolidated loss of ₹5,237 crore for Q4FY20, mainly on account of making provision for paying statutory dues, it reported str...

Cash strapped Thai Airways to seek bankruptcy rehabilitation

Last year, the company has a reported loss of 12.05 billion baht (~RM1.64 billion). BANGKOK (AP) - Thailand's flag carrier Thai Airways International will fil...

Moderna's Coronavirus Vaccine Shows Signs of Early Progress

The Phase 2 trial , with 600 subjects, has already received the green light from the US Food and Drug Administration and Moderna said they should begin this qu...

Gold price breaks record, crosses Rs 35,000 for a sovereign

In the previous session, gold fell from a seven-year high to settle 0.5% lower, as stocks and oil surged after drugmaker Moderna said its experimental vaccine ...

Cancelled Dyson Electric SUV Finally Revealed By Company Founder

Design-wise, Dyson's electric vehicle concept looks unsurprisingly sporty and futuristic. According to Sunday Times Rich List , Dyson has an estimated net ...

France and Germany to propose €500bn European Union recovery fund

Macron and Merkel both insisted on the need "now more essential than ever" for a European commitment on the coronavirus recovery, during talks on May 8 to ...

Coronavirus vaccine in first human trial shows signs of creating immunity

The US government has invested almost half a billion dollars in the development of Moderna's vaccine candidate. Two weeks after patients received the final ...

Kroger Announces Thank You Pay for associates

The move comes after the company made a decision to end its "hero bonus" for front-line workers. Kroger released a statement Friday, May 15, about changes...

Uber to lay off 3000 workers in second cut this month

The head of the firm said the moves were necessary "to secure our future". An Uber spokesperson told the publication, "As you would expect, the company is loo...

Fed chief Powell warns United States recovery could stretch through end of 2021

Unemployment will get back down. "We'll get through this", he said. It may take a while. But he warned it may take time to return to normal and the USA may no...

USA facing severe crisis, but not a depression, says Fed’s Powell

Federal Reserve Chair Jerome Powell said a USA economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine. "I d...

Oil prices spike to a 2-month high

Futures in NY climbed around 4% after nearly doubling in a run of three weekly advances. Kuwait and Saudi Arabia have agreed to halt oil production from the j...

Twitter announces that employees can work from home forever

Twitter has told staff that they can work from home "forever" if they wish as the company looks towards the future after the coronavirus pandemic. Employees ...

Rail union demands compulsory Covid safety measures as services increase

Network Rail , which manages Britain's 20 busiest stations, said passenger numbers were "very similar" to last week, when they were around 93% below average. Pa...

Dyson's Canceled EV Apparently Surpassed Tesla Model X in Range

Dyson is worth around £16.2 billion, or $19 billion. In an interview with British newspaper, Dyson founder Sir James Dyson shared, for the first time , det...

Jack Ma to resign from SoftBank Group’s board of directors

The departure of Ma, who retired as Alibaba's executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy. It is...

Vice Media Lays Off 155 Employees With Deepest Cuts in Digital Group

Details: The company will lay off 55 people in the USA today and approximately 100 colleagues globally over the coming weeks. In the memo, titled "The Course...

Covid-19 vaccine for Brits by September

After showing promise in laboratory animals, the vaccine is now ready for human clinical trials. ".in spite of the tireless efforts of our scientist, it is po...

Fed's Powell: 'Medical metrics' most important data for U.S. economy now

Powell said . "Here, our financial system is strong". Data show more than 30 million jobs were destroyed in the United States, as businesses were shuttered na...

Jio to Get Rs. 6,598 Crores Investment From General Atlantic

Mukesh Ambani's Jio Platforms has agreed to sell its 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has se...

Nissan could look at shutting Barcelona plant

If such a move were to go ahead, it would secure thousands of jobs at the Japanese carmaker's Sunderland site. The Catalan regional authority on Friday denied...

China calls on United States to stop suppression of Huawei

To counterattack these harsh measures, China is readying its own "Unreliable Entity List" according to a report by Global Times . He also said Beijing ...

InterGlobe Enterprises confirms interest in Virgin Australia

RAHUL BHATIA-led InterGlobe Enterprises, which owns 37.8 per cent stake in India's largest airline IndiGo, has thrown its hat in the ring for sale process of Au...

Coalition of 116 countries back Australia's push for independent coronavirus inquiry

Australian Prime Minister Scott Morrison has described the push for an inquiry into the origins of coronavirus as completely unremarkable. Australia is set ...

Medical metrics key data for U.S. economy now, says Fed chairman

Powell said unemployment may hit 25% before it begins to fall, and gross domestic product may contract at an annualised rate of perhaps 20% in the April throug...

Futures climb ahead of Fed Chair Powell's address

The dollar index =USD rose 0.27%, with the euro EUR= down 0.29% to $1.0785. In speaking about this with Bruce WD Barren, a noted worldwide economist and Chair...

Sir James Dyson tops United Kingdom rich list with a £16.2bn fortune

Referring to Mittal's business, the newspaper noted: "Already battered by the China-US trade war, lower steel prices and the higher cost of raw materials have s...

Buffett's Berkshire Hathaway trims exposure to banks, sells out of Travelers

Berkshire ended March with a record $137.3 billion of cash, disappointing investors unhappy with the low yields it generates for the company. Berkshire contin...