Finance

Biden vows to 'manage the hell' out of US Covid response

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USA jobless claims hit 42 million

New claims for state unemployment benefits totaled a seasonally adjusted 1.877 million for the week ended May 30, down from 2.126 million the prior week, the La...

Qantas, Jetstar increase domestic flights as restrictions ease

Both airlines are set to increase their service capacity from the 5% pre-pandemic level maintained throughout the national shutdown measures, up to 15% by July ...

US Probe Into India's Digital Tax Not A Move Of Aggression

Stating that such actions can be unfair or discriminatory, the Office of the U.S. Trade Representative (USTR), the agency responsible for developing and coordin...

Two bidders left in Virgin Australia hunt

It is seeking a binding agreement with the winning bidder by June 30. Administrator Deloitte said it had whittled five interested parties down to the final tw...

Hong Kong unable to mark Tiananmen anniversary

In his letter to Prime Minister Justin Trudeau, Mr. Levitt urged Canada to "lead the global effort to ensure as much protection as possible for the people of H...

Toronto And Vancouver Housing Markets Rebound In May

Prices were supported by a continued deterioration in the inventory of homes available for purchase, as active listings sank 42.8 per cent year-over-year. TRREB...

SUV gains fresh looks and added oomph — Toyota Fortuner facelift

Fortuner's last update was nearly five years back and so, it was quite a closely-followed development when Toyota finally introduced the 2020 facelift in Thail...

Self Driving Startup Argo AI Raises $2.6 Billion Investment From Volkswagen

The company came out of stealth mode in 2017 and announced it had been bankrolled by a $1 billion investment from Ford , for which it is creating self-driving...

Hyundai unveils fourth-gen Santa Fe's new design; check out details

So, what's new in terms of styling? When will the 2021 Hyundai Santa Fe come to Australia? Updates include new T-shaped LED daytime running lights, a redesi...

Mega Millions results for 06/02/20; did anyone win the $356M jackpot?

The cash option is about $280.5 million. It's been almost four months since a $ 202 million jackpot winning ticket was bought at Quick Stop on Inman Avenue i...

Australia launches US$470m stimulus package for construction sector

But on Monday, Prime Minister Scott Morrison did provide a few details on the reasoning behind it. Mr Morrison said state governments were building social hou...

USA shed 2.7 million jobs in May, private report says

The number was well below the 9 million job losses forecast by Refinitiv economists. The data is typically a good indicator of what to expect in the more clos...

Pandemic brings 1st Australian recession in 29 years

Near-deserted streets in Sydney's central business district as people stay home due to the coronavirus outbreak on 30 March. The result sets up an end to Aust...

Black Women-Owned Haircare Brands To Support Right Now

So, in continuing our series on Black-owned personal care brands, here are 33 haircare brands owned by Black women to support right now. This website champion...

Saudi index eases ahead of OPEC+ meet; others markets mixed

Both benchmarks have surged in recent weeks. The Organization of the Petroleum Exporting Countries (OPEC) and other major producers including Russian Federati...

Businesses eligible for rent support protected from evictions

Earlier Monday, Finance Minister Carole James announced small businesses struggling to pay rent this month will be protected from eviction by an emergency gover...

Bank of England tells banks to 'prepare' for no deal Brexit

The Bank of England (BOE) has told United Kingdom lenders they should get ready for the possibility of a no deal Brexit at the end of this year. During a ca...

Oil falls from $40 on doubts over early OPEC meeting

Oil erased gains in NY, falling 1.4% to $36.30 a barrel as of 6:55 a.m. local time. Earlier in the session, oil fell when Bloomberg reported the Thursday meet...

Warner Music shareholders raise US$1.9b in upsized IPO

Warner Music Group on Wednesday began selling its stock at $25 a share, marking the largest initial public offering in the USA this year. Warner Music and ...

What You Need To Know

There is now only a week available for workers to discuss potential furlough agreements with their employer's , who ultimately make the decision on who will be...

WhatsApp, Paypal inject funds into Gojek

Technology giant Gojek has announced that American tech companies Facebook and PayPal have invested an undisclosed amount in its new round of funding, joi...

China warns Britain interfering in Hong Kong will 'backfire'

The UK is already in talks with allies including the United States and Australia about what to do if China imposes the new law - which would make it a crime to ...

Factory activity slide eases in May

It was the second-lowest recorded since the series begin in July 2012, said IHS Markit . Employment in the Arab world's most populous nation has now fallen in ...

Push for more cuts sends oil close to $40 a barrel

Russian Federation and Saudi Arabia are inching closer to a deal which will keep production low as much of the world slowly emerges from lockdown. Oil rose on...

Australia says recession underway after Q1 GDP contracts 0.3%

The economy shrank 0.3 percentage points in the March quarter, while the three months to June is expected to be far worse. "Well, the answer to that is yes", ...

Coronavirus impact: CBO estimates US economy to reduce by $15.7 trillion

Media reports said that Congressional Budget Office has forecasted the current outbreak of novel coronavirus will cut USA economic output by 3% between th...

Eli Lilly announces first human anti-body trial to treat COVID-19

Mark J. Mulligan, director of the infectious-disease and vaccine-research units at NYU Langone Health, according to the newspaper. Lilly scientists rapidly deve...

Gold prices firm on economic woes, strained US-China ties

Reflecting investor sentiment, SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.5% to 1,128.40 tonnes on Monday...

IKEA scraps plans to build London store

In late January, Ikea also closed its pickup store on Wonderland Road that opened in 2015. "We have now made the hard decision to no longer pursue the acqui...

Oil prices spiked by almost 90% in May

According to Interfax, Russia's oil production in May was 9.39 million barrels per day (bpd), down from 11.35 million bpd in April. OPEC+ and its allies will ...