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Stocks slide on surging Covid-19 cases, stimulus doubts; dollar rises

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Rupee Returns To 75 Mark Against Dollar After Over 2 Weeks

The rupee weakened by 21 paise - or 0.28 per cent - to end at 75.03 against the U.S. dollar on Thursday, its lowest closing recorded since August 4. At the in...

Lyft will stop running in California at midnight

Uber and Lyft have previously argued that their businesses are platforms that connect customers to drivers, rather than transportation companies. The vehic...

United States jobless claims unexpectedly increase to over one million

The latest weekly figure from the DOL shows a concerning jump from the previous week's figure, when weekly filings dipped below the million mark for the first ...

Oil eases on demand risks, USA stockpile data

October Brent crude ( UK:BRNV20 ) fell 9 cents, or 0.2%, to $45.37 a barrel on ICE Futures Europe. US oil was down 38 cents, or 0.9 per cent at $42.55 a bar...

Stocks Erase Gains, Dollar Rises After Fed Minutes: Markets Wrap

The U.S. central bank also cautioned in minutes of its July 29-29 meeting that economic recovery remains highly uncertain, that job gains in May and June had li...

Rail commuters face 1.6% rise on ticket prices

But the numbers from lockdown are due to come out in October, which will show the true drop in usage. When lockdown was announced, the Government said passeng...

Global travel will not resume until mid-2021, Qantas says

The Qantas Group blamed a "near-total collapse in travel demand" for recording a statutory loss before tax of $2.7 billion for the last financial year. On top o...

Airbnb preps for IPO

Shares of USA online travel agency Booking Holdings Inc have rebounded around 14% in the past three months but are still down for the year. The San Francisco-...

Wall Street opens slightly higher on strong retail earnings

And so too was yield-curve control, but there appears to be little enthusiasm for it. As the market fell deeper into bear territory , the Dow Jones Industria...

United Kingdom inflation sees surprise jump in July

CPI in Canada stayed unchanged on a monthly basis in July . Nevertheless, we expect that businesses will pass the higher operating costs needed to operate safe...

Australia hails vaccine deal as virus surge abates

Earlier, Russian President Vladimir Putin announced the launch of the first Covid-19 vaccine and Western countries led by the United States expressed skepticism...

Dems willing to cut relief bill so 2nd Unemployment assistance can happen

White House Chief of Staff Mark Meadows called on Democrats to use Saturday's vote on U.S. Postal Service legislation in the House of Representatives as a veh...

World powers urge de-escalation as Turkey extends Mediterranean gas exploration

Nicosia and Athens seek a tougher stance from Brussels as they argue that Turkey has violated their sovereignty as well as that of the EU. Cyprus's internatio...

S&P 500 completes recovery from COVID-19 sell-off, hits record high

The Dow Jones Industrial Average rose 8.57 points, or 0.03%, at the open to 27,853.48. Markets were also impacted by Republicans and Democrats in Congress ind...

Coronavirus: Free jab for every Australian in COVID-19 vaccine deal

Australian Prime Minister Scott Morrison announced on Tuesday that the nation will be manufacturing a COVID-19 vaccine and giving it out for free to all citizen...

Alberta McDonald's employee tests positive for COVID-19

All employees who may have been in close contact with the individual have been asked to isolate and get tested. They experienced final worked a shift in the Bow...

USA home construction surges 22.6%, third straight increase

Housing starts have now risen three straight months after plunging in March and April as the virus outbreak paralyzed the American economy. USA privately-owne...

EV startup Canoo to go public, trade on Nasdaq

In this case, EV maker Canoo is "next", announce plans to roll out a $2.4 billion IPO this fall. The transaction should generate around $600 million of gros...

Trump canceled China talks, says Biden is weak on foreign policy

Trump earlier told reporters that he had postponed an August 15 review of the Phase 1 trade agreement signed with China in January given his frustration over Be...

A2 Milk boosts annual net profit by 34%

In the opening minutes of trading, a2 Milk shares were down 70c or 3.3 per cent at $20.80, reflecting a "marginal miss" at the revenue line, Mark Lister, head...

Lightspeed India raises $275M, will focus on startups of the future

The VC firm had invested almost $28 Mn in OYO and got somewhere between $800 Mn to $850 Mn from the partial exit in 2019. Some of its other major bets inclu...

India says covid vaccines progressing well. Drug makers asked to indicate prices

Five vaccines - three Western and two Chinese - are in Phase 3 efficacy trials involving thousands of people, including the Oxford vaccine. The Serum Instit...

Nigeria's inflation rate jumps to 12.82%, highest in 27 months

The food and non-alcoholic beverages group witnessed a price rise by 0.61%; health by 0.29%; and education by 2.21%. Non-alcoholic beverages registered a price ...

Oracle in talks to buy TikTok's United States business, FT reports

Oracle is also believed to be working with venture capital firms including General Atlantic and Sequoia Capital to raise funds for a bid. Larry Ellison's compan...

S&P 500 Rises to Record High, Passes Prepandemic Top for First Time

Trading on Wall Street was subdued on Friday as doubts crept in about a new United States stimulus bill, while the S&P 500 hovered below record highs as a swath...

'Ellen DeGeneres Show' Accused Of Creating 'Toxic Environment' On Her Show

Although the revelations did not mention DeGeneres , the sources insisted the host needed to take responsibility for the toxicity behind the scenes. Their en...

Uber asks appeals court for California injunction pause

Uber and Lyft said that, if forced to go from a gig worker "independent" model to a full-time employee setup by August 20, both would cease operations until a...

Cyprus: EU 'appeasement' of Turkey in exploration row will go nowhere

He called on the European Union to have a "more intense" presence in the eastern Mediterranean . But on Sunday, Turkey appeared to be upping the ante by ann...

Millions of self-employed to benefit from second stage of support scheme

Calling for further help beyond the autumn, shadow chancellor Anneliese Dodds said: 'The Chancellor now plans to cut off support for every self-employed worker ...

Walmart Tails off on Quarterly Figures

Second quarter sales started strong, both in-store and online, particularly in general merchandise, helped by government stimulus spending, according to the com...