Airbus wins ESA contract to construct third European Service Module for NASA's Orion spacecraft

The European Space Agency (ESA) has signed a contract with Airbus for the construction of the third European Service Module (ESM) for Orion, the American crewed spacecraft. The contract is worth around euro 250 million.

COVID-19 response: DIFC to gradually reopen businesses from Wednesday

Offices and retail outlets will operate with certain restrictions and health protocols

Dangote, MTN emerge most admired African brands

In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of

IFM Investors eyes 'nation building' accord

Former Future Fund boss David Neal says there are no constraints on funding ability for big projects, and warns interest rates could be lower "forever".

Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier

A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.

OECD GDP Falls By 1.8% In The First Quarter Of 2020

Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.

Xiaomi to launch TWS earbuds in the Indian market under Redmi Phone Plus strategy

The Chinese tech giant, Xiaomi, is one of the most popular brands in India. The company and its subsidiary consider the Southeast Asian market as a very important region and have said that it will launch new products under Redmi‘s “Phone-Plus” strategy. According to Xiaomi India’s Chief Marketing Officer, Anuj Sharma, “We have finalized the …

ABB On How Smart Cities Can Emerge Stronger Out Of The Pandemic

Experts think that far from a bad economy slowing down smart-city investments, the need to prepare for the next crisis will promote even faster infrastructure upgrades. In the latest Intelligence of Things Tracker, Michael Lotfy, senior vice president of smart-buildings solutions for global electrical-technology company ABB, explains how smart-city systems and 5G can help communities weather today's crisis — and emerge even more resilient than before.

Builder 'livid' at calls for first home buyer grants

Industry veteran hits out at the 'ridiculous' behaviour of lobby groups calling for measures that would push up housing prices.

Mirae Asset fined for illegal internal trading, but avoids prosecutorial probe

South Korean financial giant Mirae Asset Group is likely to resume its drive to launch a mega-sized investment bank as authorities on Wednesday decided not to request a prosecutorial probe for conducting illegal intra-unit trading and instead chose to slap a light penalty. The nation’s antitrust watchdog Fair Trade Commission said it has imposed a fine of 4.39 billion won ($3.6 million) on financial conglomera...

The Best Way to Play the Current Tech Rally Is eBay Stock

Covid-19 is bringing renewed interest in eBay stock, but the company's potential extends far beyond the current crisis. Here's why.

Maharashtra: Nashik farmers unable to sell onions at fair prices

Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said

'We'll die of hunger': Nashik farmers unable to sell onions at fair prices

'Our earnings are not even supporting the expense of fuel to carry them to market'

The Worst Deal Ever: The Inside Story Of The Epically Bad Decision By StubHub’s Cofounder To Buy His Company Back

Eric Baker was fired from StubHub in 2005. Fifteen years later his new company Viagogo paid $4 billion to buy it back—just weeks before coronavirus utterly destroyed the business.

Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service

Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.

RBA governor expected to be more upbeat

Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.

How India can push its dairy cart ahead

The future of dairy in India hinges on modernising infrastructure, and giving the sector a technological face-lift

It is India's hour to shine, but will it?

If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.

Japara flags major impairment,says conditions are tough

The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.

LIVESTREAM: SpaceX’s NASA astronauts board Falcon 9 for historic launch debut

SpaceX and NASA remain on track for the private launch company’s astronaut launch debut, set to be broadcast live from start to finish. Weather continues to be the biggest challenge threatening delays to the historic mission, itself an incredible achievement for a vehicle, rocket, and system as complex as the Crew Dragon spacecraft, Falcon 9 […]

Quick Profits from the Push out of Tech

We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).

Corn is oversold; watch for short covering to provide price spark, analyst says

Outside investors are watching the June crop weather forecasts turn dry.

Mission Control Is Socially Distancing During Today’s SpaceX Launch

Launching a historic rocket launch during a pandemic looks a little different. Mission control is spread out. NASA execs have to sit six feet apart.

The original Google Home is 'no longer available' in the company's US store

Google's original Home speaker is listed as 'no longer available' in the official US store, prompting questions about its future.

Chewy: Reaping The Benefit Of Stay-At-Home Measures

Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more

Lew jnr to bolster his group with MyHouse acquisition

It could almost be time to head to the clearing house. 

Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]

NordStar Capital to Acquire Torstar

NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...

AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies

Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …

Doosan likely to finalize self-rescue package next month

South Korea's cash-strapped Doosan Group is likely to finalize its self-rescue plan next month, as creditors have yet to vet the books of the group's affiliates, industry sources said Wednesday. The country's 15th-largest conglomerate last month submitted to creditors, including the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank), a plan to sell shares and non-core assets in a bid to secu...

Vaccine market beckons

At a time when vaccine alone offers hope to end the coronavirus pandemic, India is caught in a paradoxical situation. Despite

Celcom prepares for 5G vendor selection

Malaysia-based Celcom Axiata is tipped to deploy a 5G network using two equipment suppliers and ...

7 Cheap Stocks to Buy With Great Potential

In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.

German chemical firms see 'significant' blows ahead from virus

Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.

Central Bank reports €2.5bn profit for last year

The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...

Local telecom firms bid for fifth-largest cable TV operator Hyundai HCN

South Korea’s three major telecommunications firms have submitted nonbinding indicative offers to acquire Hyundai HCN, the nation’s fifth-largest cable TV operator owned by Hyundai Department Store Group, according to industry sources Wednesday. The three local firms -- KT, SK Telecom and LG Uplus -- are expected to compete for acquiring the cable TV operator, which has a 4 percent market share with 1.3 ...

Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America

It's Supercharger quick-charger is also no longer free for new Model S and X customers.

USD/JPY extends losses around 107.50 amid fresh challenges to risks

USD/JPY prints 0.07% losses on a day, currently around 107.47, while stretching the previous day’s weakness forward during the initial Tokyo open on W

Coronavirus Impact: Shapoorji Pallonji Real Estate bets big on digital, to redirect ad spends on digital marketing

The company plans to redirect around 50% to 60% of its ATL spends towards digital marketing which takes the tally to over Rs 10 crore

About Olives New Zealand

News from Olives New Zealand Kiwis are being encouraged to support local and buy world-beating olive oil made by New Zealand growers, who have won seven Gold Medals at the 2020 New York International Olive Oil Competition.

NZ Olive Oil Makers Win Big, Kiwis Encouraged To Buy Local

New Zealand, 27 May 2020 – Kiwis are being encouraged to support local and buy world-beating olive oil made by New Zealand growers, who have won seven Gold Medals at the 2020 New York International Olive Oil Competition.

EUR/USD: The safe-haven US dollar is gaining some ground

EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal

VMLY&R India wins the digital mandate for Colgate-Palmolive

The agency will encompass digital campaign planning, creative thinking, as well as social listening

A YouTuber pulled off an astonishing 70-step basketball trick shot, including skateboards, trampolines, and a ping-pong ball roller coaster, Business Insider - Business Insider Singapore

Business Insider - Creezy, who has 142,000 subscribers on his YouTube channel, said the trick took two months to pull off.. Read more at businessinsider.sg

First Mutual Life records investment loss

FIRST Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange. In a statement accompanying financial results for the period under review, the group indicated that its total assets also declined by two percent compared to December 31, 2018. “The group had an investment loss of $392,8 million for the period under review compared to investment income of $207 million in 2018. “The loss was driven by decline in value on ZSE (Zimbabwe Stock Exchange) listed equities as the market index grew at a slower rate than inflation,” said the group. It attributed the decline in total assets to the loss of value on listed equities, the Zimbabwe dollar denominated bank balances and accounts receivables.

Austria’s efforts to accelerate its clean energy transition

Austria is committed to reaching carbon neutrality by 2040 at the latest – 10 years earlier than the goal set by the European Union. To meet this ambitious deadline, the Austrian government will need to significantly step up decarbonisation efforts across all parts of its energy sector, the International Energy Agency said today in its […]

How India can develop its health ecosystem into a dominant, post-Covid economic sector

By streamlining development and regulatory processes, and lending more support so our innovators can compete on a global platform, India can develop its health innovation ecosystem into a dominant, post-Covid economic sector

USD/CAD recovers early lost ground, turns neutral around 1.3770-75 region

The USD/CAD pair has managed to rebound around 40 pips from daily swing lows and was last seen trading nearly unchanged for the day, comfortably above

Playing Defense With Cloud Software Stocks

Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.

Bangladesh Threatens To Ban These UK Brands, Escalating Battle To Get Factories Paid

Apparel manufacturers say the UK company EWM Group plotted to place fresh orders in the country without first paying its outstanding debts.

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

Informa Teams With NuOrder to Digitalize Trade Show Experience

The trade show operator and e-commerce platform will work to bring brands and retailers together.

The Halfords Code: Bike and car repair chain unveils how Covid-ready stores will operate with staff behind 'sneeze screens' and customer marshals - as 53 branches will fully reopen by Friday

During the UK lockdown, Halfords has been serving customers online and from car parks despite the Government saying that it was able to remain open.

Wigan to lose local radio station Wish FM with jobs 'at risk' in rebrand to Greatest Hits Radio

The station which was first broadcast out of Billinge 23 years ago, is currently based at Orrell Lodge

Southwest Airlines: $41 Is Too Low

UBS slapped a $41 price target on Southwest Airlines for 28% upside. The airline has plenty of liquidity, and the recent jump in traffic should greatly reduce d

Telford Kwik Fit reopens following deep clean after worker tested positive for Covid-19

A vehicle repair centre has reopened after deep cleaning due to a worker testing positive for coronavirus.

India among major markets to see increase in ATM usage over 2019

Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.

Eid shopping loses momentum

People buy goods in limite­d quanti­ties as purcha­sing power shrink­s

Retailers add COVID-19 surcharge for services to help offset costs of pandemic

VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co

Ferrari Isn't What It Was

RACE is facing unprecedented issues in its engines and F1 revenue streams. Margins have plateaued with downside catalysts aplenty, but no meaningful upside cata

Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis

Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.

Chicken Soup For The Soul Entertainment: This Streaming Company's 10.4% Preferred Yield Is Good For The Soul

Chicken Soup for the Soul Entertainment is an emerging streaming company. In Q1 2020, the company made a cash flow milestone, which should give preferred shareh

Maxim turns to controversial cover model contest during financial struggles

Financially struggling Maxim is once again turning to a controversial cover-model contest to help it through the uncertain economic times, Media Ink has learned. Maxim unveiled its latest such contest

Macro Afternoon

See the latest Australian dollar analysis here:

Co-Diagnostics Could Soar With Its Coronavirus Test

Co-Diagnostics may be worth much more than today's price. CODX stock could be worth two or three times more, under certain estimates.

Backup to Microsoft Azure with Veeam Direct Restore

Direct Restore to Microsoft Azure is included in the Veeam Backup and Replication solution and allows companies in East Africa to restore Veeam backups directly on their Azure platform in just two steps.

Instagram Adds More Monetization Methods for Creators

Instagram will test Badges, a feature allowing creators to monetize live videos, as well as IGTV video ads.

Toni & Guy and Regis hairdressers announce reopening date

Desperate for a haircut? Rejoice! These hairdressers are just weeks away from reopening.

Karnataka Temples Open Doors For Devotees, E-Sevas Too Take Off

Karnataka temple bells to get ringing again from June 1. 

Listed firms' dividends dip 1.9% in 2019

South Korean listed companies' dividend payouts slipped nearly 2 percent in 2019 from a year earlier amid a business slump, data showed Wednesday. Cash dividends paid out by 1,094 firms listed on the country's main and secondary stock markets totaled 22.6 trillion won ($18.3 billion) last year, down 1.9 percent from a year earlier, according to the data from the Korea Securities Depository. The number of dividend-p...

The average take-home salary in South Africa during lockdown

The BankservAfrica Take-home Pay Index (BTPI) showed a slight pick-up in April as the majority of employees continued to receive their monthly incomes – however casual and weekly workers were most affected by the Covid-19 lockdown as the number of wages paid declined significantly.

50% are likely to increase online spends: Survey

Nearly half of the consumers in India are likely to increase their spending on the online shopping platforms, even for traditionally offline categories such as vitamins, supplements, fresh food, home

Capacity could be reduced by 87% in pubs due to 2m social distancing rule

The typical bar or restaurant in Ireland could face an 87% reduction in capacity if the 2m social distancing advice remains in place when they re-open. Capacities in pubs and bar/restaurants will drop...

To ASX questions, iSignthis tries vaudeville

This is something altogether new.

Tea exports fall on Covid-19 curbs

Main market Pakistan shed seven million kilos

AUD/USD plummets to session lows, further below 0.6600 mark

The AUD/USD pair extended its sharp intraday pullback from the highest level since mid-March and dropped to fresh session lows, below the 0.6600 mark

Facebook Stock to $1,000? It’s Possible Now Thanks to Shops

Newly announced Facebook Shops is a game-changer which cracks the ultra-valuable social commerce code, and could push FB stock to $1,000.

Financial complaints watchdog inundated with calls linked to pandemic

Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.

Toronto's average rental price dropped five per cent in April

With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices

Best of BS Opinion: India-China relations, the Covid curve, and more

Here is a summary of Business Standard opinion pieces for the day

If plans fructify, NHPC will become world’s largest floating solar company

So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major prop

Medical masks, gloves, PPE makers pitch for resumption of exports

Exporters want to attract buyers from US, Europe who are moving away from China

EnergyWare, LLC Extends Thanks to Its Customers

SUNRISE, Fla., May 26, 2020 /PRNewswire/ -- While the country is responding to the coronavirus pandemic, and close to 30 million Americans have fi...

Oppo is researching on the development of its own chip - Gizchina.com

Oppo is researching on the development of its own chip. The company is currently recruiting some professionals to help build its own chips

Why the Math Doesn’t Work for Chesapeake Energy

When you’re competing in an overly saturated market with extremely poor financials, it will never end well. That’s why you must avoid CHK stock.

AMD: 100X P/E Ratio Is Not Supported By 2020 Revenue Projections

No stock can maintain a 100x PE ratio without booming revenue. A recession/depression will depress overall demand. Competitor Intel is projecting a weak quarter

Current crisis calls for a revised Union Budget

The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment

FDA backs BMS’ Opdivo/Yervoy in first-line NSCLC

Bristol-Myers Squibb has finally gained approval from the US Food and Drug Administration for immunotherapy drug Opdivo in combination with low-dose CTLA4 inhibitor Yervoy for the treatment of first-line non-small cell lung cancer (NSCLC).

Growth Is Crushing Value Right Now, But Take A Long-Term Horizon

So far this year, growth stocks are up 1.8 percent through May 27. Meanwhile, value stocks are still down more than 16.2 percent.

Energy giant SSE sets out a greenprint for clean recovery

Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.

Chevron shareholders approve calls for more transparency on climate lobbying

(Reuters) - Chevron Corp shareholders on Wednesday voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities, a major win for activists against big oil.

Hearst Magazines Offers Fashion, Beauty Brands Free Ads Through ‘Together’ Initiative

More than 80 brands have participated in Hearst's free ad initiative, including Chanel, Gucci, Cartier, Carolina Herrera and Unilever.

Google faces India mobile payments competition claim

Google could be the latest mobile payments provider probed by authorities in India, as reports ...

In crisis times, clear communications deliver

Not just external, businesses must work just on the messaging

Wall Street opens mixed, falling tech shares weigh on Nasdaq

Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial

Banks plan for arrears; retailers push to open; and watchdog counts Covid cost

Business Today: the best news, analysis and comment from The Irish Times business desk

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

The 3 Best Stocks for Beginning Investors

Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.

Geely Chairman wants more cooperation with Daimler, report says

Geely Chairman Li Shufu looking to expand further with Daimler

Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector

Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.

Arthritis company Promisia pivots into Chch aged care sector

Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...

Woolworths SA hires bankers to test interest in David Jones properties

Investment bank UBS has been hired to review options for David Jones' property portfolio.

800 export consignments stranded at Lagos ports

ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen

Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return

Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.

EIT Digital Challenge: Previous winners share their experience

The EIT Digital Challenge is a fast-paced and exciting competition, in which high growth European tech startups can win a full-year of acceleration worth €50K, access to EIT Digital’s innovation network and international visibility (and, if you are the top selected startup, a further €100K). Appl

Mobile Broadband to Boom with Giga LTE

PARTNER CONTENT: Live From Huawei Analyst Summit 2020, Shenzhen, China: During the LTE Roundtable, the ...

Wineries turn to online sales to avoid getting crushed by the COVID-19 pandemic

Susan Tipton began making wine after she and her husband settled on an 18-acre property in Acampo, California in 2003. Inspired by a trip to the Southern Rhine region of France where she first tasted ...

You can now apply for government’s relief fund for May – but don’t make these mistakes

The Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries – marking a historic first in terms of a lump sum paid out by the fund within five weeks.

Africa Is Paying Covid-19’s Price In Gold

Over the years, huge mining operations in Africa have generated significant profits for foreign companies. Seeing the potential, the continent’s governments are looking for ways to harness more revenues from the sector in to aid economic development. With coronavirus affecting a lot of industries around the world and nearly crippling economies in its wake, there’s reason to believe that the pandemic will as well mar Africa’s mining, especially the sector of gold. The Ashanti Conundrum AngloGold Ashanti is the third largest gold producer in the world, and the largest in Africa. The company, with 21 operation bases in 4 continents, produced 3.3 Moz and employs 34,263 people in 2019. 2020, however, now proves uncertain for the mining firm as the effects of coronavirus have sent shockwaves throughout the industry.

Oman's share index ends marginally higher

MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close

Billion-dollar fines won’t change Big Tech

It’s time authorities everywhere clamped strict rules on Facebook, Google use of data

Ford sets May 28 as provisional date for gradual restart of Mexican plant

Ford sets May 28 as provisional date for gradual restart of Mexican plant

Heir To Huawei

With Huawei having to confront the prospect of becoming primarily a domestic brand, it makes sense for the world’s second largest manufacturer of smartphones  – and almost certain to be the next  No.1  –  to make its own chips.

Walmart, ThredUp Join Forces For Second-Hand Clothes

Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27).

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman Sells 2,635 Shares of Stock

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman sold 2,635 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.81, for a total transaction of $54,834.35. Following the sale, the chief operating officer now directly owns 146,890 shares of the company’s stock, valued […]

Museveni urges Ugandan entrepreneurs to borrow from UDB

uganda development banks

Lockdown impact: NHAI to extend contract for private highway developers

25% average toll collection loss to get one-day extension

News Corp to cut hundreds of jobs in restructure

News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.

Businesses give up office space in Sydney CBD

The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.

Gold trades with modest losses, holds above $1700 amid escalating US-China tensions

Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com

Irish ports recorded pre-Covid dip in traffic levels

Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019

Zipline’s drones are delivering medical supplies and PPE in North Carolina

Transporting almost four pounds of cargo at up to 80 mph.

The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook

The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today

Why Technology Is Proving Surprisingly Defensive

In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite

Upshift Is Looking To Redefine Car Ownership

Upshift is developing a service that makes it easy to lease a car on a short-term basis. The company is also raising capital on the crowdsourcing site, Republic.

HitBTC Partners Up with Trading View

HitBTC, one of the world's premier digital asset exchanges, has announced a new partnership with TradingView, a global social network for traders specializing in charting software. The move will allow TradingView users to manage their orders on HitBTC via the web-trading interface on TradingView. For example, one can place buy or…

Export of Irish beef to China temporarily suspended

The Department of Agriculture has confirmed that the export of Irish beef to China has been suspended temporarily after a 14-year-old cow tested positive for 'Atypical BSE'.

Chicago to reopen trading floor with masks

New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.

7 American ETFs for the Hometown Crowd

American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.

Mayo company Portwest had PPE seized by Chinese government

Six containers of safety equipment seized in March

Dairy remains ‘resilient’ due to business model

JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.

Freight companies 'on their knees and will fail' due to coronavirus pandemic

Some hauliers are on their knees and will fail following the coronavirus lock down, an industry spokesman in Northern Ireland predicted.

Empty Steel Canyons In NYC As Commuters WFH?

One victim of the pandemic might be the daily commute. Nowhere is that more apparent than in New York City, where inbound suburbanites are critical to the local economy.

Brazil's largest city Sao Paulo to reopen malls for 15 days as of June 1

SAO PAULO (Reuters) - Malls and street shops will be allowed to reopen in Sao Paulo, Brazil’s largest city and the epicenter of its coronavirus outbreak, for 15 days as of June 1, according to a plan unveiled on Wednesday by Governor Joao Doria and Mayor Bruno Covas.

SpaceX launched NASA astronauts tomorrow at 2.00 am IST: Here is how to watch it LIVE

If due to unforeseen circumstances, this mission is not able to launch, it has back-up dates on Sunday, 31 May, 12.52 am IST and Monday, 1 June, 12.30 am IST.

Crew Dragon DEMO-2 mission ready for new era for human spaceflight

The first human spaceflight to launch from American soil in nearly a decade is set to take place this week. NASA astronauts Robert Behnken and Douglas Hurley will lift off aboard SpaceX's Crew Dragon spacecraft atop a Falcon 9 rocket from the Kennedy Space Center in Florida. The crewed flight will then dock with the International Space Station for at least one month before returning back to Earth.

CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism

Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma

Why Copper Could Rise From Here

Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris

Zipline Drones Will Continuously Drop Supplies To Hospital In North Carolina

Granted a waiver to operate due to the coronavirus pandemic, the operation could define how drone delivery works in the U.S. Its usefulness hinges on just how valuable a few pound of air-dropped supplies can be.

Stocks To Buy After The Buffett Sell-Off

The airlines sold by Berkshire lost 15.8% in value more than other airlines since the Buffett Sell-off began. The Buffett Airlines have less attractive cash val

The Trip Aboard Carnival Cruises Stock Will Be Stormy

There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.

PREIT: Earnings And Asset Value Diverge

PREIT released another weak quarterly earnings report last week. COVID-19 will delay a projected turnaround in NOI and FFO trends by depressing traffic in the s

5 Dividend Kings to Buy and Hold Forever

The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.

Etsy: Downgrading On Valuation And Competition

Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong

Why You Need Your Next Marketing Channel, Now

Start diversifying your marketing channels before it's too late

Greggs is reopening branches next month after successful trials

Greggs fans will once again be able to get their breakfast or pasty fix

Fewer Australians feeling depressed by the crisis

The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.

GRAINS-U.S. soybeans firm after rain slows Midwest planting progress

* Wet weather in U.S. Midwest slows corn, soybean planting pace* Positive COVID-19 case at Brazil port supports soybeans* Wheat range-bound as northern Hemisphere weather watched (Rewrites throughout with U.S. market open, adds quote, updates prices, changes byline, changes dateline from PARIS/SINGAPORE)By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more rain lifted prices to two-week highs, although technical selling kept a lid on gains.

NYSE short interest rose 1.0 percent in mid-May

NYSE short interest rose 1.0 percent in mid-May

Gold Price News and Forecast: XAU/USD tumbled to 1,705.00

Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and

Sight charity losing £25,000 per week in appeal for funding

A new appeal for help has gone out from a charity helping vulnerable people across the Black Country.

Bill to regulate mobile money transactions gets committee nod

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and inadequate protection of payment and …

Weather better for historic SpaceX launch of NASA astronauts

CAPE CANAVERAL, Fla. — The weather is looking up for SpaceX's first astronaut launch, as officials vow to keep crew safety the top priority.

No-touch new car buyers drive towards Let's Haggle

An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.

LanDynamix launches a cost-of-downtime calculator guide

Promoted | LanDynamix, a leading managed IT services provider, says companies trying to quantify the cost of downtime all too often make the mistake of tackling it from a technology perspective.

Demand for real estate to go up in post COVID-19 world: Manoj Gaur

In an exclusive interview, Manoj Gaur, MD, Gaurs Group, and Chairman, Affordable Housing Committee, CREDAI (National), talks about the impact of Coronavirus on real estate in India and shares his industry outlook.

Tesla: China Trade War Risk

President Trump will use China virus in his re-election campaign. Chinese government and consumers may push back on US companies. Stronger US Dollar will impact

Green Cabs in liquidation, jobs cut

Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...

Green Cabs in liquidation, jobs cut

Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...

Home collection offers salve as Covid poses testing times for diagnostics companies

It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q

Cash payments declining as contactless methods become the norm - experts

COVID-19 has accelerated the shift away from cash.

Dollar slips amid vaccine hopes as Japan reopens

Overall market lethargy left the Uganda shilling trading flat against the U.S. currency in yesterday’s trading session. Fickle dollar supply by corporate players was evenly matched by a dearth inactivity on the foreign currency demand counter that left the home unit stuck within the 3780-3800 trough versus the buck. The USDUGX currency pair looks settled, and will probably remain within the present levels in the interim, barring fresh factors coming into play. The U.S. dollar struggled from a sell-off of safe-haven assets as investors became more optimistic about the global economy’s recovery. With more nations easing their lockdown restrictions, traders are hopeful that we could see a faster – than – expected rebound in the global economy.

Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19

(Reuters) - Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.

Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds

A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.

Only The Lonely Can Play

Great investment opportunities are lonely. History shows us the crowd behaviors to avoid and the investment market circumstances to capitalize on. We believe we

Indore: Soaring temperature leads to surge in electricity demand by 50 MW

Switch: Overvalued For Such Low Growth Prospects

Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the

Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden

The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit

Advent Health IPO raises bad memories

If recent history is anything to go by, investors might want to be wary of the Advent Health IPO currently being spruiked.

Don’t Buy Ford Stock Now, Even If You Believe in Miracles

A suddenly robust used-car market along with U.S.-China tensions will put the brakes on Ford.

XLE: Energy Stock Comeback Has Begun

Energy stocks are dirt cheap relative to the overall market based on current oil prices, suggesting XLE outperformance versus SP500 even in the absence of an oi

Nifty view and stock picks by HDFC Securities: Buy JK Cement, Dixon Tech

The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts

Harland & Wolff joins forces with Navantia to form new defence challenger

HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.

How the coronavirus lockdown has accelerated the challenges for our town centres

As part of our series linked to the Passionate People, Passionate Places campaign, we look at the problems facing town and city centres on lockdown

GE Stock Comeback Story is Delayed But Not Canceled

The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.

It’s a marathon, not a sprint

Prepare your business for the long, hard run, not the short-term win.

Satellite player SES signs on to FCC C-Band plan

Satellite service provider SES laid out plans to invest $1.6 billion in new kit, as ...

The Isle of Eigg and the possibilities of building a new economy

In 1997, the inhabitants of the tiny Hebridean Isle of Eigg finally succeeded in taking collective control of their island. Tensions had been running high for years: everything from the islanders' homes to their jobs to their electricity supply depended on the whims of the wealthy businessman who owned it. Sick of putting up with crumbling buildings while he took rich friends for picnics and jaunts in his Rolls Royce, they launched what today would be called a crowdfunder, and eventually raised enough money to buy him out.

EML Payments leads the insider selling

Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.

Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)

Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]

Africa: Building resilient economies through regional integration

The second Africa Regional Integration Index (ARII 2019) launched by the ECA, AfDB and the AUC, calls for African economies to deepen their integration.

SK Telecom: Still Waiting For Positive Change

SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa

Investcorp closes €340 million for second Italian NPL Fund

Investcorp closes €340 million for second Italian NPL Fund

Property professionals must see technology as an opportunity, not a threat

Over the past 10 weeks, digital platforms have played a key role in sector

Oppo pushes its Chip development ambitions as US ban hits Huawei

The popular Chinese smartphone vendor, Oppo, is pushing forward with its efforts to design its proprietary mobile chipsets. It had initially begun focus on chip development back in 2019 when Huawei was hit with the trade ban. Now, the company is aggressively pushing for the self-made chips after recent sanctions have effectively cutoff Huawei’s chip …

Daily Rupee call: Rupee might strengthen

The rupee (INR) opened today’s session largely unchangedat 75.67 versus Monday’s close of 75.66. As the domestic currency has been consolidating between 75.6 and 76, and is now trading near the resist

Eurowings Flight EW9844 forced to turn back after flying to closed airport

There are some red faces at a European low-cost carrier after one of its planes had to turn around mid-flight as the airport it was travelling to wasn't even open.

Kohl's Is In Trouble

KSS saw sales plummet more than 40% in Q1, with Q2 shaping up to be even worse. Looking further out, Kohl's is relying upon its digital business, but I don't th

Four things firms need to know about protecting employees during times of crisis

Four things firms need to know about protecting employees during times of crisis

Hospitality industry unites for “Buy One, Give One” campaign

NEW YORK - To help jumpstart leisure travel, the hospitality industry has united to launch Buy One, Give One, a “vacay layaway” program designed to generate immediate revenue for hotels, while simultaneously providing a “thank you” to healthcare workers who have been tirelessly working on the front lines.  Available at BuyOneGiveOneStay.com through June 30, the initiative incentivizes consumers to purchase future travel now with special offers ranging from discounted stays to gift cards to loyalty points for redemption prior to travel.

Google expands tools to help businesses impacted by COVID-19

Google is rolling out a series of updates aimed at helping local businesses adapt to the COVID-19 pandemic while continuing to serve their customers across Google Maps and Search. Since the outbreak, Google has made it possible for businesses to communicate to customers things like their revised operating hours or temporary closures, among other things. […]

1,500 scientists warn of third-level funding crisis

An open letter signed by 1,500 Irish scientists has warned of the funding crisis facing the country's third-level sector and called for the establishment of a government Department of Higher Education and Research, as a means of addressing it.

Ethiopian govt offers 40% of Ethio Telecom to international operators, 5% to public

Ethiopia's Ministry of Finance has decided to offer a 5 percent stake in Ethio Telecom to the public, with a cap on the number of shares an individual can buy, reports Addis Fortune. The minority stake in the telecom company will be sold to thousands of Ethiopians. Forty percent of the company will be privatised to one of the international telecom operators,  and the government will retain a majority share. 

Steep US stock correlations show virus’s impact on markets

S&P 500 three-month realised correlation elevated despite VIX slump.

Whole Scottish golf tourism summer season could be lost, claim operators in plea to First Minister

A group of leading Scottish golf operators has made a plea to First Minister Nicola Sturgeon for help from “a clear and present danger” that the entire 2020 summer season could soon be lost.

Using the cloud ensures business continuity in crisis

Business leaders dedicate the bulk of their time to strategizing for growth and longevity by equipping their organizations with the data and technology required to get things done smarter and faster. However, as is often the case, one small crisis like a security breach or a natural disaster can significantly compromise your business data and disrupt business continuity. To

Crisis causes a rethink on CBD office space

Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,

Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet

According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.

Tether Becomes The 3rd Biggest Cryptocurrency by Market Cap Leaving Ripple Behind

The dollar pegged digital currency, Tehter, is now the 3rd biggest digital currency after Bitcoin and Ethereum. Ripple slides to the fourth spot in the row giving its way to USDT. This is a clear indication to the milestone in this spring 2020 where some dollar token used to buy…

German firm introducing game-changing solar-wind-wave energy platform

A German power firm will launch demonstrations of a one-of-a-kind, triple-threat power generating platform off Iraklio, Greece, later this year.

College Is About To Change Forever--And Music Education Is Not Immune

Higher education will be greatly affected by COVID-19. Musicians and music business students have historically been faced with expensive tuitions, and with campus distancing, online courses and employers now questioning the value of degrees, the future of music education could be entirely reshaped.

[Feature] Chinese solar firms suck air from Korean industry

Although South Korea’s No. 1 solar module maker Hanwha Q Cells’ power business posted a record operating profit of 100 billion won ($81.4 million) in the first quarter, it faces challenges not only from the demand crunch due to the COVID-19 outbreak but also its weak price competitiveness against Chinese rivals. On May 15, Korea Electric Power Corp. announced it would build solar power generation facili...

Maharashtra: Man offers vegetables for free to poor during lockdown

Some look at it with curious eyes, while others appreciate the gesture of the vendor to offer vegetables for free at a time when many people are facing financial difficulties due to the coronavirus-enforced lockdown.

Wells Fargo's Stock May Soon Reverse Lower

Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.

Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]

Back in Business: NASA Is Set to Return to Human Spaceflight with Historic SpaceX Launch

Two astronauts will ride a privately built rocket and spacecraft to orbit, marking the first launch of humans from U.S. soil in nearly a decade

Call to avert domino-effect collapse of energy retailers

The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.

SIVR Weekly: Up 50% From Its March Low And More Upside To Expect

SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni

New Finas chairman pledges to strengthen creative industry

KUALA LUMPUR, May 27 — The new chairman of the National Film Development Corporation Malaysia (Finas), Zakaria Abd Hamid, will meet stakeholders of the arts industry soon to discuss its direction and ways to strengthen development of the local creative industry. Zakaria said he is committed to...

Hawke’s Bay Regional Council Plans A Climate Smart Economic Recovery

Hawke’s Bay’s Regional Council is focussed on stimulating a climate smart recovery to address the economic challenges facing the region from both COVID-19 and the drought.

The Coronavirus Hit the U.S. Economy Swiftly and Unevenly

Live events and airlines are among the sectors suffering, as people switch to buying cushions and ordering food.

Corporate Rescue

Just announcing $4.5 trillion in future spending to support securities markets was enough to keep investors protected from the downsides of the pandemic.

Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets

N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US

Chang Wah to double QFN leadframe capacity in 2020

Leadframe specialist Chang Wah Technology (CWTC) has disclosed plans to expand production capacity for QFN (quad flat no-lead) leadframes at its factory sites in China and Taiwan this year.

Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism

The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.

Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism

The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.

AUD/USD retreats from multi-day high to 0.6650 despite upbeat Aussie/China data

AUD/USD pays little heed to better than forecast data while declining to 0.6645, down 0.08% on a day, amid the Asian session on Wednesday. While Austr

Challenger bank Lunar partners with Danish esports firm Astralis

Lunar, the Nordic challenger bank, has partnered with Danish esports firm Astralis Group to launch a new banking offering.

Uber Stock Is Raising Even More Red Flags Amid Jobs Cut Turmoil

There are multiple red flags that investors need to keep an eye on if they're considering a position in Uber stock today.

COVID-19 exposed structural deficiency of Nigeria

In the preceding editions, much of the focus has been on the medical response to the novel coronavirus disease, both in Nigeria .

Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)

Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]

Upwork: Must Grow Faster

After slowing down in the second half of 2019, Upwork reaccelerated its growth in Q1 2020. Marketplace revenue made up 90% of the business and grew by 24% YoY.

Company completes 1st overland fiber-optic cable from Alaska

An Alaska company has completed construction of the first overland fiber-optic cable connecting the state to the continental U.S.

2nd UBA Africa Day Conversations held virtually with calls for collaboration to fight COVID-19 fallout

Kampala, Uganda | THE INDEPENDENT | Pan-African lender, United Bank for Africa joined countries on the African continent to celebrate the African Day. Formally the African Freedom Day and African Liberation Day, Africa Day, is commemorated on May.25 annually as a foundation for the formation of the Organisation of African Unity in 1963, now known as …

Commercial crew astronauts accept risks of test flight

The Crew Dragon astronauts say they understand and accept the risks of a new spacecraft, which they believe can’t be boiled down to a single number.

Innovating The ATM Beyond Cash

PYMNTS explores the influx in PPP loan applications, an overview of new ATM and ITM technologies and Redwood Credit Union's latest digital innovations.

#ARM Worldwide bags social media mandate for MTV India

The agency will be responsible for taking care of the social media marketing strategy for MTV India

Country’s largest private landlord currently ‘cannot foresee’ Covid impact

Ires Reit, the country’s largest private landlord, currently “cannot foresee” the impact the coronavirus will have on the company.

SCRUBBED: How to watch the historic SpaceX/NASA launch today!

UPDATE: Launch scrubbed due to weather just a few minutes before launch. See you Saturday for another try! Today, a SpaceX Falcon 9 rocket and Crew Dragon capsule is scheduled to shuttle two NASA a…

5 Unmissable Highlights From Consensus: Distributed 2020

Consensus: Distributed, CoinDesk’s virtual version of their annual crypto conference, is done and dusted. Read for the entire coverage.

Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property

Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.

When returning to work means staying local

As businesses reopen and get their staff back into the workplace, some employees and firms are deciding to switch the city for the suburbs.

Sheep producers find niche markets for wool

Producers are looking to creative marketing – from value-added ventures to meeting niche markets for artisanal fibers – to keep wool production viable.

PBOC injects $16.8 billion via reverse repos, keeps rate unchanged

With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.

Banks approve 90% of applications to defer mortgage payments

Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...

Strong customer authentication suffers another delay

The Financial Conduct Authority (FCA) recently announced it is allowing extra time for the roll-out of Strong Customer Authentication (SCA) for e-commerce transactions in the UK, and the move is likely to be followed by others across Europe.

Coronavirus company news summary – South Africa faces production hit – Poland faces outbreak among miners – Lithium producers struggle with demand slump

27 May The Minerals Council South Africa has warned that mining production in the country is likely to fall by...Read More...

Reliable fibre connectivity will shape workplaces of the future

The COVID-19 lockdown has shown that the successful transition to virtual offices of the future will require extensive investment in digital infrastructure such as fibre.

Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)

Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]

Airline Round-Up In Coronavirus

The unprecedented decline in demand for air travel has investors nervous. While there is no historical event that provides a direct predictive model as to deman

Trigon Metals acquires copper-silver project in Morocco

Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.

HS2 supply chain opportunities webinar

The Federation of Small Businesses in the West Midlands is holding an hour-long online webinar on supply chain opportunities for the HS2 project.

EDF goes ahead with Sizewell C application despite local objection

Energy giant EDF Energy has today submitted plans for the new Sizewell C nuclear power station on the Suffolk coast.

Aircall raises $65 million to grow its cloud-based contact center platform

Aircall, a cloud-based contact center platform for businesses, has raised $65 million in a series C round of funding led by DTCP.

Should your long-term plans go on hold in these volatile times?

Adam Rhodes, Managing Director of Rhodes Wealth Management, shares his thoughts on the current market climate

Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid

The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly

Inflation Fears In A Deflationary World

Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk

DFCU boss elected new UBA chair

The new leadership assumes responsibility at a time when the industry has registered significant improvements

Why Facebook Stock Will Reach $300 Sooner Than You Think

The tech giant's ad revenue is likely to increase in coming quarters, which will push FB stock to new highs.

Dangote, Glo named most admired Nigerian brands in Africa

In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.

How travel and holidaying will change in the new normal

From contactless travel to immunity passports and open-dated stay packages, the Indian tourism and hospitality sector is exploring a range of options to breathe life into a stalled business

'Dangerously naive': APRA warns the worst is ahead

The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.

Regional pubs snapped up as industry prepares to reopen

The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.

Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension

Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti

ASNE marks 10 years anniversary of capacity building

A capacity-building firm, Annual School Needs Expo, ASNE, marked 10 years anniversary, Monday, of adding value to the lives of thousands of people with capacity building.

Danaher: No Need To Fix What Isn't Broken

Danaher's life sciences and diagnostics businesses aren't immune to external shocks like COVID-19, but the business is built for healthy, acyclical long-term gr

PNC Financial Services Group Inc. Has $1.75 Million Position in UGI Corp (NYSE:UGI)

PNC Financial Services Group Inc. lessened its stake in UGI Corp (NYSE:UGI) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,435 shares of the utilities provider’s stock after selling 7,588 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UGI […]

Azam named top African Brand

Azam was on Sunday named one of the most admired African brands.The Azam non-cyclical consumer segment emerged as one of Most Admired African Brands (prompted) in this year’s Brand Africa.

Twitter CEO donates another $10mn towards Covid-19 efforts

Twitter and Square CEO Jack Dorsey has donated $10 million to Project 100 which will give $1,000 in cash to 10,000 families

The rise of digital taxes during a pandemic

 This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.

NRGU Oil ETN: As Low-Risk As It Gets

NRGU is a highly leveraged(3x) ETN focused on the Solactive MicroSectors U.S. Big Oil Index. Being highly leveraged to a high risk industry has inherent risks,

Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]

Fed's Williams: May or June could be low point for economy

There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal

Gulf Capital sells Metamed to Ray Lab and a consortium of global investors

Dealis one of the few secondary transactions amongst private equity firms in the MENA

Microsoft: On The Edge

Analysts remain optimistic about Microsoft. Now it’s rare enough. MSFT's price is now balanced relative to the main blue chips on Nasdaq. The capitalization of

Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage

Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity

Zimbabwe gold miners to keep more export earnings in dollars

Until now, gold miners received only 55% of their sales in dollars.

Australian Custom Tailoring Start-up InStitchu Expands Into Women’s Wear

The company anticipates its custom-tailored women's wear offer could account for 30 to 50 percent of its business within 12 to 18 months.

Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?

Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse

FX Weekly: Calling For Chinese Help

The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia

Tamil Nadu signs 17 agreements for investments of over ₹15,100 crore

The Memorandums of Understanding have been signed with companies from various countries and are expected to provide jobs to over 47,000 people

IndexIQ Advisors LLC Trims Stock Position in Catchmark Timber Trust Inc (NYSE:CTT)

IndexIQ Advisors LLC cut its holdings in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 6.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,717 shares of the financial services provider’s stock after selling 1,785 shares during the period. IndexIQ Advisors LLC owned […]

Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update

Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C

Open Banking moves from compliance challenge to commercial opportunity

European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.

Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel

Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.

Ingenia puts funding boost to work

The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.

Three hires Chief Network Officer to advance 5G rollout

Three's senior recruitment drive continues.

Stockholm-based Doktor.se nabs €45 million for its ‘digi-physical’ care

Today Swedish e-health startup Doktor.se, which offers digital consultations to patients through its smartphone app, announces that it has secured €45 million in a Series C round led by Carnegie and Handelsbanken. Many of Doktor.se's existing investors, as well as new investors, are participating in

Kenya Airways takeover law to be out by August

Assembly team says it is on course to deliver legal framework.

UK Fintech SumUp Launches Payment Tools to Help Businesses Conduct Operations while Observing Social Distancing Measures Due to COVID-19

UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing meas

Paul Orajiaka: The story of Nigerian businessman who started from scratch

The story of Paul Orajiaka is a good example that Nigerian youths have great entrepreneurial spirits that could turn the least sought-after into an empire.

Analytics firm Bonza gets seed funding, releases COVID-19 data

The start-up has recently released data on the nationwide COVID-19 reproduction number (Rt) on its website.

How VibePay is quietly changing the UK fintech Twitter game

A big challenge facing many UK fintechs has been how to keep their millennial (aged 24-38) and Gen Z (aged 18-24) users engaged with their banking apps.

South Korean coffee shop utilizes robotic baristas to maintain social distancing etiquette

Sure, it can make and serve coffee, but can it get horribly misspell our names, too?

Coronavirus accelerates shift away from cash

Pandemic encourages more businesses to move to contactless payments

Preparing Merchants For The Coming Mobile Wallet Boost

Merchants must be prepared for a new world, post-pandemic, that will embrace order-ahead and other digital/hybrid payment options. Here's how to get started.

Liquor sales to resume today

Order and sale only through Bevco mobile app

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?

As banking continues to go digital, five experts talk about the ways financial institutions can break out and thrive by focusing on agility and partnerships.

IMF Senior Official Says Private Corporations Can Bolster Digital Currencies

Digital currencies are being increasingly looked into around the world, with most governments and corporations alike working on some iteration of the technology. In this regard, a senior official at the International Monetary Fund (IMF) believes a private-public nexus is the way forward for CBDCs. 

IMF advises banks to suspend dividend repayment, share buybacks

Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks

TD Ameritrade Launches Web-Based Version of thinkorswim Platform

TD Ameritrade, a broker-dealer subsidiary of TD ‎Ameritrade Holding Corporation‏,‏‎ has launched a web based version of its thinkorswim® trading platform.

Dunkin' Brands: Strong Brand At A Decent Price

Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to

The US gaming headset market is found to have hit new heights as of April 2020

A new market research report states that the gaming headset sector broke records in terms of US retail sales in April 2020. This study also found that 8 of the 10 best-selling devices in this category were from the brand Turtle Beach. Of these, its Stealth 600 has accrued the most revenue in 2020 so far.

Trevor Neilson of i(x) investments: People need to get rid of the old, silly idea that capitalism must be amoral — or immoral — to produce returns

People need to get rid of the old, silly idea that capitalism must be amoral — or immoral — to produce returns. That has never been true and yet many on Wall Street believe it. Ihad the pleasure of interviewing Trevor Neilson, Co-Founder and CEO i(x) investments. Trevor is co-founder and CEO of i(x) investments, […]

AT&T Vs. Verizon: A Comparison Of Debt

I conduct a comparison of AT&T and Verizon debt. I examined credit ratings, maturity, coupon, currency, and interest payments. After looking at all the data, it

Materials And Energy Dashboard - Update

Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.

Nordic Semiconductor: New Cellular Products Will Accelerate Revenue Growth And Margin Expansion

Nordic Semiconductor is the undiscovered leader in short-range wireless chips, such as Bluetooth low energy. The company has developed long-range cellular chips

New app will tell you how busy a shopping centre is in South Africa

Data analytics company Lightstone and Tracker have launched the ShopSafe app which provides consumers with up-to-date information on vehicle attendance at shopping destinations they choose to go to.

Singapore fintech firm secures $17M to build out platform | ZDNet

Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.

Coffee quality likely to drop as farmers struggle to offload unsold harvest

Kampala, Uganda | THE INDEPENDENT | The quality of coffee from a lot of farmers will likely be compromised as many who failed to get buyers to take their produce decided to heap it in their homes. This is according to the Uganda Coffee Development Authority (UCDA) managing director Emmanuel Ilamulemye, who spoke during an …

2 Dividend Picks From A Resilient REIT Sector

These 2 industrial REITs have collected almost all their rents during April. The triple-net lease model combined with long leases make the cashflows more predic

Charles Schwab Acquires USAA’s Investment Management Assets

The Charles Schwab Corporation announced this Wednesday that it has completed the acquisition of the assets of USAA’s Investment Management Company.

Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020

The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.

Honda Motorcycle’s Yadvinder Guleria to speak at FPJ-IIM Indore’s webinar on auto sector

Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)

Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]

Catch SpaceX Launch NASA Astronauts Into Space For The First Time

The first launch window is set at 4.33pm ET on Wednesday, 27 May 2020.

Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region

Analysts are noting that Bitcoin's HTF outlook favors sellers, with one even noting that the crypto could soon be trading within the $5,000 region.

Berlin-based fintech scale-up smava secures €57 million in financing to maintain growth through economic downturn

Berlin-based Smava, a credit comparison platform that offers cheaper loan options to consumers, has raised €57 million from Kreos Capital, along with existing investors Earlybird, Verdane, Vitruvian Partners and Runa Capital. The round includes a mix of capital and growth debt. The fintech platform offers an overview of 70 loans between €1,000 and €120,000 from […]

Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)

Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]

Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]

Detroit to Get Mask Factory With Investment From Bangladesh

Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.

New Lenders Approved for CBILS

The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). The

ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area

Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.

Data Centre capacity to grow two times by 2025

Citing policy initiatives, widening customer base and increasing corporate requirements for data storage, findings of a recent study said Data Centre (DC) market will grow two times by 2025. Continue Reading →

Guy Oseary Stepping Away From Day-to-Day Role at Maverick

Guy Oseary is stepping away from his day-to-day role at his management collective Maverick to consult for Live Nation CEO Michael Rapino and further concentrate on his tech and entertainment entrepreneurial interests.

CME Group Launches Options on Micro E-Mini Futures Product

The new options will be available for trading in the fall of 2020, pending regulatory review

CME Group Launches Options on Micro E-Mini Futures Product

The new options will be available for trading in the fall of 2020, pending regulatory review

Supply side inflation easing

Via the excellent Damien Boey at Credit Suisse:

ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)

ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]

Visa completes Request to Pay pilot trials

Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.

Aigen Investment Management LP Grows Stake in Steelcase Inc. (NYSE:SCS)

Aigen Investment Management LP increased its stake in Steelcase Inc. (NYSE:SCS) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,831 shares of the business services provider’s stock after acquiring an additional 2,639 shares during the period. […]

60% women in India own gold jewellery: WGC survey

First Hawaiian Bank to reopen 7 branches | Honolulu Star-Advertiser

First Hawaiian Bank said today that six branches on Oahu and one on Hawaii island that were temporarily closed during the shelter-in-place mandate will reopen at 8:30 a.m. Monday. Branches reopening are Ewa Beach, Haleiwa, Hawaii Kai, Kaneohe, Manoa, Waianae and Waikoloa on the Big Island.

First Hawaiian to reopen 7 branches | Honolulu Star-Advertiser

First Hawaiian Bank said Tuesday that six branches on Oahu and one on Hawaii island that were temporarily closed during the shelter-in-place mandate will reopen at 8:30 a.m. Monday. Branches reopening are Ewa Beach, Haleiwa, Hawaii Kai, Kaneohe, Manoa, Waianae and Waikoloa on the Big Island.

ETFs pave the road for those seeking diversification

ETFs are popular because they are simple and inexpensive, but their main failing is that they don't exclude low-performing components.

Occidental Petroleum - Africa Asset Sales Collapse, What's Next?

Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr

San Francisco Initiative Helps Eateries Extend Seating To Public Spaces

San Francisco is making it easier for restaurants to reopen as the city's mayor launched a plan to extend seating onto sidewalks, parking spaces and streets.

Diamondback Energy: Hunkering Down For A Brutal Second Quarter

Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably

Consumer Confidence Inches Higher

Consumer Confidence showed a slight improvement in May, rising from 85.7 up to 86.6 but below consensus expectations for a reading of 87.0. All of the improveme

This will be the Indian Railways Dehradun station soon! Developers like GMR, Mahindra attend pre-bid meeting

World-class Indian Railways Dehradun railway station is one step closer! The pre-bid meeting was attended by 22 potential investors like the GMR Group, Adani Road Transport Ltd.

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 44.6% during the first quarter, HoldingsChannel.com reports. The firm owned 2,919 shares of the company’s stock after selling 2,346 shares during the period. Oppenheimer & Co. Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $346,000 as of its most recent SEC […]

Sagnik Ghosh joins Liqvd Asia as managing partner

Ghosh will help build the communication across verticals like media planning and buying, performance marketing, brand strategy

VerifyME, Jobberman join skills towards robust last-mile authentication

Know-Your-Customer, KYC, technology company, VerifyMe, has entered into partnership with Lagos-based job portal, Jobberman.

Post Lockdown, Employees Allege Companies ‘Forcing To Resign’ The Job In Hyderabad

Coronavirus has hit all companies across industries with most seeing meager or zero inflow of revenue. From India’s largest business conglomerate Reliance Industries to smaller startups, there have been pay cuts and layoffs across the board. Several companies, especially startups have had to let go employees, thousands in some cases.

Is this the death knell for bank branches?

Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.

Bumi Resources Mineral to hold private placement to pay debt

The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.

Galiano Gold: Digging Into The Q1 Results

Galiano Gold reported its Q1 results earlier this month, reporting quarterly gold production at its Asanko Mine JV of 66,300 ounces. While all-in sustaining cos

Braddon Northbourne Flats site on the market again, a year after failed sale

The 15,607-square-metre site of the former Northbourne Flats public housing in Braddon will be auctioned next month.

TCN MD removal threatens power reforms, $1.66bn foreign funding – Forum

The Nigerian Power Consumers Forum, NPCF, has called on President Muhammadu Buhari to immediately direct a reversal of removal

Briggs & Stratton: The Equity Is Out Of Money

The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi

Gold Price News and Forecast: XAU/USD at $1,700 again [Video]

With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced

Decoded! Taxation of employee stock options vis-à-vis start-ups

Book value instead of full market value should have been considered for taxation of ESOPs

A.O. Smith partners with FoxyMoron to enhance digital presence

The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement

Climate Targets and Industry Participation in the Recovery

By Henrik Poulsen, Mads Nipper, and Lars Fruergaard Jørgensen  COPENHAGEN – The COVID-19 pandemic must not lead governments to lower their climate ambitions. Accelerating the transition to a low-carbon sustainable economy can both drive the recovery and build resilience for the future. Other countries could look to Denmark for inspiration on climate initiatives that will also contribute to economic recovery. The country is currently taking real action to achieve its target of reducing carbon dioxide emissions by 70% by 2030 and reaching zero net emissions by 2050. As the CEOs of Danish corporations with a global presence in renewable energy, water technology, and pharmaceuticals, respectively, we have been appointed by the Danish government to chair public-private “climate partnerships” created to pursue climate-policy goals. Our job has been to develop comprehensive roadmaps for reaching emissions-reduction targets within our respective sectors in the most cost-efficient way. Having chaired these partnerships…

'Govt announcement removing consent requirements for low risk buildings welcomed'

New Zealand business SheShed welcomes the New Zealand government’s announcement that ‘low risk buildings,’ or single story buildings of up to 30 square metres such as sleepouts, carports or sheds, will no longer need a council approved building consent.

Oppenheimer Asset Management Inc. Buys Shares of 6,823 Cimpress NV (NASDAQ:CMPR)

Oppenheimer Asset Management Inc. bought a new stake in shares of Cimpress NV (NASDAQ:CMPR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 6,823 shares of the business services provider’s stock, valued at approximately $363,000. Several other institutional investors have also modified their holdings of […]

Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh

Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis

Virgin Galactic Stock Will Reach $30 Again, but the Timeline Is Cloudy

Investors should expect a slow build in SPCE stock with an eye towards an eventual doubling of the share price.

Nyali School Management Accused Of Embezzling Funds As School Runs Bankrupt

The Nyali School is now allegedly bankrupt and forcing parents to pay second term fees in full a year after buying school buses at an exaggerated prices, Kahawa Tungu can reveal.Sources in the sch

LS Group to respond to digital transformation by accelerating R&D

LS Group said Wednesday it is strengthening its digital capabilities by increasing research and development in automation, big data and artificial intelligence technologies in response to digital transformation amid the pandemic. “It will be difficult for the time being as uncertainties in achieving this year’s management goals have increased due to the pandemic, but I hope you will take an extraordinar...

US Dollar Index treading water above 99.00

The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r

Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook

Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.

Gartner: Global Device Shipments To Slip 13.6% in 2020

Gartner has forecast a 13.6% drop in global device shipments (including tablets, mobile phones and PCs) for 2020, warning the coronavirus pandemic could have throttled the industry more had work-from-home conditions not been enforced.

Advent Partners hones in on GP software biz

The Australian buyout firm is delving back into two of its favourite sectors for its latest investment. 

City springs back to life with almost all shops open

Managements are strictly following guidelines to prevent virus spread

Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a

FlyDubai delays cargo flight plans

‘Kongu region has a variety of sectors with cargo potential’

Urban Company adds new services in line with shift in consumer needs

Witnesses pent-up demand during lockdown 4.0

GBP/USD extends losses and approaches 1.2200

The cable is dropping sharply on Wednesday, losing nearly 1% on the day after having peaked at 1.2353 to reach levels right above 1.2200. Investor’s

LINK Has Grown 4x In The Last Year, And May Keep Growing

Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a

Hospitality sector in the Nilgiris may see 70% slide in revenue

Lockdown coincided with peak season for tourism

Covid-19 found in all districts, tally around 400: Uttarakhand Health Secy

The State Health Department is working with the district administrations and making out a strategy for this

Watch live: NASA and SpaceX launch astronauts to space

NASA and SpaceX are set to launch astronauts to the International Space Station on Wednesday, marking the first time the U.S. will send humans into space since the retirement of the space shuttle in

QOTD: Most Common Automotive Misconceptions and Myths?

In various places on the automobile Internets, one will often see the same misconceptions and myths repeated over and over, presented as strong opinion or perhaps even disguised as fact. There are an awful lot of car fans who are dead wrong about a lot of things on the Internet. Let's talk about it.

RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects

RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects

Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity

RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.

We're In A Recession, Start A Company

We are in a severe recession with a lot of bad news, yet the amount of effort being put out to build new companies and restructure old companies is amazing. Is

tribeOS is First to use GSX Group’s GRID Platform to Create a Digital Security

The GSX Group recently announced the launch of "GRID" -  platform to create and launch digital securities. GSX is the company that operates the Gibraltar Sto

GBP/USD Price Analysis: Finds some support near 38.2% Fibo./descending channel confluence region

The GBP/USD pair stalled its overnight strong bullish momentum near the 50% Fibonacci level of the 1.2644-1.2076 recent downfall and witnessed a modes

Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo

Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D

Sugar Inquiry Commission didn't highlight NPMC's role in failing to control prices

The commission only held the Sugar Advisory Board responsible for taking any action

Swiss National Bank Grows Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Swiss National Bank lifted its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,831 shares of the aerospace company’s stock after buying an additional 75,600 shares during the period. Swiss […]

Google Provides $1,000 USD Allowance to Employees Working From Home

To put towards computers and office furniture.

Outlook worsens and financial aid is not the only investment governments should make to help travel and tourism

The business outlook of travel and tourism companies continues to worsen, according to findings of WYSE Travel Confederation’s third COVID-19 Travel Business Impact Survey. For the second quarter of this year, the average expected change in demand relative to the same period last year is -76%. For 2020 as a whole, respondents expect to see, on an average, a 70% decrease in demand. In this May edition of this survey series we take a look at the actions that respondents would

The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential

The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential

Playing Chicken With An Aeroplane

Of the three companies, LATAM, who just filed for chapter 11, is the only one with enough cash to cover their expenses for this year. The debt to asset ratios d

Chen Amit of Tipalti: “To develop resilience look for ways to learn from difficult experiences”

Look for ways to learn from difficult experiences. When you face a challenge in your career or personal life, instead of shutting down or becoming defensive, look at the situation as a positive experience that will help you learn and grow. In this interview series, we are exploring the subject of resilience among successful business leaders. […]

Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]

The Relationship between Payment Systems and Banks in Africa

Payment systems consist of the process, people, methods, technologies, rules, instruments and practices— traditional and modern types

Technicolor abandons plan for EUR 300 mln rights issue, seeks new EUR 400 mln financing

Technicolor said that it has been unable to go ahead with its previously announced EUR 300 million rights issue, due to the unprecedented crisis caused by the Covid-19 pandemic. It has instead entered talks with some of its creditors and with third-party investors to obtain a new EUR 400 million financing, indicating that so far it has received indicative offers from one investor and from one of its existing lenders.

$400-M ADB loan to fund PH capital market dev’t

The Asian Development Bank has approved a $400-million policy-based loan to support the  government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.

Black Girl Sunscreen Secures $1 Million From Female Investor Amid COVID-19

This month, Black Girl Sunscreen (BGS) secured a $1 million dollar investment from a private female funding source.

Favourable Mix And Input Deflation Bolster Michelin Until An Aftermarket Recovery

Automotive is a rough industry in the COVID-19 environment due to its cyclical nature and ability for customers to defer auto purchases. However, tire sales mig

PNC Financial Services Group Inc. Boosts Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

PNC Financial Services Group Inc. increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,951 shares of the industrial products company’s stock after purchasing an additional 2,610 shares during […]

Air France agrees to cut many domestic flights

The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…

Netflix: Behind The Account Culling

On May 21, 2020, Netflix announced they would be culling accounts dormant for over a year. The company indicated they didn't want people to pay for a service th

Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]

AUD/USD trades with modest losses, just below mid-0.6600s

The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-

African, global philanthropists team up to manufacture Covid-19 medical equipment in Africa

AFRICAN and global philanthropists have teamed up to help African nations secure urgently needed ventilators, breathing support devices and other medical equipment, in the battle against the Covid-19 pandemic. Prominent Zimbabwean business man, Mr Strive Masiyiwa, also co-founder of Higherlife Foundation, who has recently been appointed as an African Union Special Envoy to mobilise the private sector response to Covid-19, is leading a private partnership to start local manufacturing of the equipment. Working with fellow philanthropists such as Sir Richard Branson and Jeff Skoll, the group has identified two solutions, which will be manufactured in South Africa.  In a media statement, the group said the initiative will start with the production of 1,000 bridge ventilators, a design that was provided to this partnership for free by Virgin Orbit and has recently received emergency use authorisation by the US Food and Drug Administration (FDA). The model is designed with a price significantly lower than a normal…

Lowy family-backed fund pays $40m for Melbourne homemaker centre

The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.

Used cars: Leasing companies will have to ‘work harder’

Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.

Management One Taps Michael Alic for President Role

Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.

Edgy Surry Hills offices hit the market

Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.

Staffing giants join forces to decode COVID-19 puzzle

Give a clarion call: ‘Help India Get Back to Work Safely’

All Nippon Airways delays delivery of final Airbus A380

The final Airbus A380 would have joined ANA’s two other A380s which were flown on its Tokyo to Honolulu route

Working from home will kill CBDs. And that’s a good thing

Robert Gottliebsen has warned that the shift to working from home (WFH) could suck the life out of Australia’s CBDs.

Covid-19 highlights importance of agri storage

Promoting storage capacity of food grains at the Gram-Panchayat level will go a long way in making villages and farmers self-reliant

IBM: $80 Per Share Is More Reasonable

IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin

Meet Aaron Wallace And Lina Gadi: Entrepreneurs Creating Inclusive Haircare Products For Black Men

How two young entrepreneurs went about creating premium haircare products for black men.

Hyderabad-based firm develops Favipiravir bulk drug

Hyderabad-based Raghava Life Sciences (RLS) said it has developed Favipiravir bulk drug (active pharmaceutical ingredient).

Gold Stocks Are a Safe Haven From the Upcoming Recession

If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.

First Trust Advisors LP Trims Stake in Westlake Chemical Co. (NYSE:WLK)

First Trust Advisors LP trimmed its holdings in shares of Westlake Chemical Co. (NYSE:WLK) by 29.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,430 shares of the specialty chemicals company’s stock after selling 34,448 shares during the quarter. First […]

Sony/ATV Promotes Peter Brodsky to General Counsel, EVP Business Affairs

Sony/ATV Music Publishing has promoted Peter Brodsky to general counsel to compliment his longtime role as executive vp, business affairs at the Sony Music company.

NZD/USD trades at fresh multi-month highs above 0.6200

The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi

Milestone In Cash Flow Support To SMEs

A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.

PNC Financial Services Group Inc. Decreases Stock Holdings in Best Buy Co Inc (NYSE:BBY)

PNC Financial Services Group Inc. trimmed its stake in shares of Best Buy Co Inc (NYSE:BBY) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,823 shares of the technology retailer’s stock after selling 2,035 shares during the period. PNC Financial Services Group […]

Infineon raises €1bn

Infineon has sold 55 million new shares at €19.30 a share to raise €1.06 billion.

International Flavors & Fragrances: Growth On Pause Due To Pandemic

In Q1, IFF delivered low-single-digit revenue growth despite the double-digit contraction in a few product categories. The company's cash from operations and FC

Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript

Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation

Winding down of Saldanha Steel plant to be complete by end of June

Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.

Alibaba Won't Be Delisted (I Think)

The Senate passed bill S.945, which is generally marked as the bill that will delist Chinese companies. If the company doesn't comply for three years in a row,

AT&T Won't Stop Lying About 'Fake 5G'

Big wireless carriers haven't been exactly honest when it comes to the looming fifth-generation wireless standard (5G). Eager to...

ATO flags regional office closure

The Australian Taxation Office has begun consultations on plans to shut down its Geelong office.

Celine Set to Open on London’s Luxury Hotspot: New Bond Street

LVMH Moët Hennessy Louis Vuitton is set to move Celine to New Bond Street next year while the Mount Street unit will remain open.

SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,050 shares of the software maker’s stock after selling 927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings […]

We may not like it, but we need China's money now more than ever

Diversifying the export economy is a worthy goal – but let's be realistic about what throwing away a critical relationship with China would mean for New Zealand, writes Stephen Jacobi of the NZ International Business Forum. In a 2018 study of 183 economies’ dependence on China, undertaken by the

Why bonds are in great demand

Despite the high investor interest, it is important to understand bonds and the factors causing price movements in them.

Singapore: GDP could contract 4%-7% this year – UOB

Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o

South Africa begins diesel rationing

South Africa has implemented diesel rationing, as demand recovered more quickly than expected after a lockdown to control the spread of coronavirus was eased.

Gartner cancels annual South African IT conference for 2020

Analyst firm Gartner has cancelled the South African leg of its IT Symposium/Xpo event, which was due to take place in Cape Town in October, due to the Covid-19 pandemic.

Profitably Scaling Regional Cannabis (Podcast)

What does it take to scale U.S. regional cannabis brands and do so profitably? We talk to Aviv Hadar from Oregrown and Eric Ross and Ed Weidenfeld of District C

Agenus 1181 Is A Potential Cancer Game Changer

Agenus AGEN1181 may work better than Yervoy. More data is expected Friday, May 29, at ASCO. iNKT cell therapy also looks promising.

German Company Combines Wind, Wave, & Solar Power In One System

Go big or go home. That seems to be the motto of SINN Power of Germany. Founded in 2014 by Phillip Sinn, the company's primary focus is

MOFFETT reopens production in Dundalk after Covid-19 closure

Business

Watch SpaceX Launch People To Space For the First Time Live [Updated]

SpaceX is set to mark a huge milestone in its own company history, with a first-ever crewed spaceflight set to take off from Cape Canaveral in Florida later today. From a report: The mission is Commercial Crew Demo-2, the culmination of its Crew Dragon human spacecraft development program, which wil...

10 REITs One Year Later - Part 1

It's been a year since I wrote a series of articles about the ten REITs with A or A- S&P credit ratings. Earlier in 2020, I added two REITs from this group of t

PNC Financial Services Group Inc. Increases Holdings in Verisign, Inc. (NASDAQ:VRSN)

PNC Financial Services Group Inc. lifted its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,095 shares of the information services provider’s stock after acquiring an additional 906 shares during the quarter. PNC […]

Lexus Gains A Partner In Online Reputation Management

Lexus announced that it will partner with Widewail, an automotive reputation management and social media engagement solution.

Central Bank of Russia Cancels Banking Licence of Morgan Stanley

The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.

How Microsoft's Azure Is Helping In The Fight Against COVID-19

Microsoft's cloud business, Azure, along with artificial intelligence is being used by companies and the CDC to battle COVID-19. Microsoft is likely to be a hig

Morrison takes a tilt at history

The Prime Minister is riding a wave of goodwill as he attempts to cut across decades of rancour to reform industrial relations.

Morrison is chasing votes at the expense of exports

We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.

60% Women Feel Schools Lack Adequate Menstrual Hygiene Facilities: Survey

Schools in India must develop better awareness and infrastructure for periods, shows 5th Annual Everteen Menstrual Hygiene Survey

Millions gone in Delta market fires - The Nation Nigeria

No fewer than 300 shops were on Tuesday razed in Asaba, the Delta State capital. Gone with shops were articles valued at millions

When Is A Capital Gain Capital Consumption

There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d

Chris Kirubi: What I Miss About Family Life

"It was an interesting life just looking after the kids, taking them to school, working with them on their homework and you...

'PPE Access' working to distribute PPE to frontline workers, private businesses in the region

The not-for-profit organization hopes to be operational by June

S&P 500 Price Analysis: Pushing against the 3000 level on hopes of economic recovery

The S&P 500 Index has retrieved the whole coronavirus slump to reach levels beyond 3000 for the first time since early March. Investor’s optimism abou

Unlocking the value of values with AI

In an era of purpose-driven consumption, values like transparency, trust and humanness are key drivers that unlock value in AI.

LAIX, Inc. (LAIX) CEO Yi Wang on Q1 2020 Results - Earnings Call Transcript

LAIX, Inc. (NYSE:LAIX) Q1 2020 Earnings Conference Call May 26, 2020, 21:00 ET Company Participants Chuhan Wang - Head, IR Yi Wang - Chairman & CEO Bing Sun

Canadian data start-up Cinchy lands $10m Series A

Cinchy, a Canadian start-up helping banks avoid the security risk of replicating data, has landed $10 million in a Series A round.

Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]

Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]

Economic recovery following Covid-19 may be more sluggish than initially predicted

27 May The global economy is expected to face a prolonged downturn due to the Covid-19 pandemic. Many have predicted...Read More...

The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.

We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.

Server PCB makers see bright shipment prospects for 3Q20

Server PCB specialists Tripod Technology, Gold Circuit Electronics (GCE) and Allied Circuit have seen clear order visibility through the end of July and are optimistic that their shipments for servers and networking equipment will remain robust throughout the third quarter, according to industry sources.

JP Morgan's chief economist optimistic about Taiwan's growth

Global investment bank forecasts Taiwan will have better financial rebound than most of world