The green energy acceleration in the post-COVID-19 world

Andhra Paper Q4 net profit up 55% to Rs 93 crore

Andhra Paper's total expenses stood at Rs 234.42 crore as against Rs 285.45 crore, down 17.87 per cent.

COVID-19: 103 new cases today, 84 are non-Malaysians

The Ministry of Health has recorded 103 new cases today, which is a significant jump after two straight days of recording less than 20 new cases. This brings the total number of positive cases to 7,732.

RPT-Asia Rice-India prices retreat from highs, Vietnam sees fresh offers

(Repeats story sent on May 28)* Vietnam sees higher demand from Cuba, Malaysia and Philippines* Fewer takers for expensive Thai rice variety* Bangladesh likely to miss output target for 'Boro' riceBy Nakul IyerBENGALURU, May 28 (Reuters) - Indian export rice prices retreated this week from a more than one-year peak that slowed demand, while Vietnamese rates held near a two-year high as countries battling the coronavirus pandemic sought to bolster stocks.

The Smartest Stocks to Invest $2,500 Into Right Now

Your pocketbook will thank you if you hang onto these quality companies for the long term.

Cannabis users turn to darkweb as Covid-19 lockdown hits supply lines

New findings come from European agency monitoring of three dark web markets

SpaceX gets FAA approval for Starship flight tests

SpaceX has received an FAA license allowing the company to carry out suborbital flight tests of its Starship next-generation launch vehicle.

Government urged to act before more regional journalism jobs go

Communications Minister Paul Fletcher is under pressure to allow mergers between regional media companies as fears grow of more job losses.

Get in line: British shoppers set for lengthy waits as high streets reopen

Consumers urged to stay calm and carry on spending as lockdown eases

Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin

Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against

Japan April factory output falls 9.1% month/month - government

TOKYO (Reuters) - Japan's factory output fell 9.1% in April, government data showed on Friday, compared with a median market forecast for a 5.1% drop. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to shrink 4.1% in May and rise 3.9% in June, the data showed.

Need to know: Friday

The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.

UK lenders approve almost 1.5m holidays for card and loan payments

Requests to freeze accounts among distressed borrowers continues to grow

Southwest Airlines Stock Is a Survivor Worth Betting On

What doesn't kill a stock makes it stronger. LUV stock just survived the mother of all survival tests and it's on its way back.

Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)

Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]

Lockdown 4.0: Parents stock up on kidswear with easing of norms

A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr

Boeing resumes production of B737 Max

Production of the grounded aircraft was suspended in January…

EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates

The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25

3 Natural Gas Stocks for a Cleaner Future

Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.

Five richest Australians revealed

Surging iron ore prices and a tech sector winning from the work-at-home revolution sees former No. 1 Rich Lister Anthony Pratt bumped from the top five.

Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals

Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.

Malaysia’s Statistics Department foresees recession in the next four to six months

KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...

Huawei edges ahead of Apple’s iPad in the falling Chinese tablet market

The Chinese tablet market has been seeing a decline overall during the first quarter of 2020. But despite the slump in the market, the Chinese vendor, Huawei has managed to edge ahead of Apple’s iPad in the same segment. Earlier this year, the Coronavirus pandemic had initially broken out in China. This caused various complications …

Top Stock Reports for Novo Nordisk, IBM & Honeywell

Today's Research Daily features new research reports on 16 major stocks, including Novo Nordisk (NVO), International Business Machines (IBM) and Honeywell International (HON).

Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH

The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis

Don’t Miss the RCL Stock Rally

With a good deal of fear priced into RCL stock, investors should act before they miss the recovery of share prices.

Hold TVS Motors; target of Rs 318: Prabhudas Lilladher

Prabhudas Lilladher recommended Hold rating on TVS Motors with a target price of Rs 318 in its research report dated May 28, 2020.

Playboy Lays Off Remaining Editorial Staff, Pivots to e-Commerce

The once-legendary publication ended print editions in March, now lays off digital staff

Slim Vaccine Chances Make iBio Stock Too Speculative Here

Every investor is betting on a vaccine. Unfortunately, the case for IBIO stock is simply too speculative, as its trials remain under wraps.

FDI to drop, Michael Smurfit interview and a ‘welfare mentality’ towards SMEs

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

Mayfair 101 fund's prize asset under a cloud

Receivers of Mayfair 101's IPO Wealth Fund are questioning a deal involving its largest investment, a stake in Indian software venture Accloud.

TerrAscend Emerging As This Year’s Breakout Star Among Cannabis Operators

TerrAscend’s latest performance reinforces analyst projections that this could be a watershed year for the company, which has spent the last year aggressively expanding its U.S. operations.

RBI fines Citibank Rs 4 cr for flouting rules, co-op banks penalised too

Move follows fines imposed yesterday on Bank of India (Rs 5 crore), Karnataka Bank (Rs 1.2 cr) and Saraswat Co-operative Bank (Rs 30 lakh)

Bangladeshi eggplant farmers reap rewards via genetics

Farmers in Bangladesh achieved significantly higher yields and revenues by growing insect-resistant, genetically engineered eggplant, a new Cornell study has found.

Bangladeshi eggplant farmers reap rewards via genetics

Farmers in Bangladesh achieved significantly higher yields and revenues by growing insect-resistant, genetically engineered eggplant, a new Cornell study has found.

CBA: Huge fiscal stimulus props up household income

Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:

Kollect reports rise in revenues as Covid-19 hits waste collections

Start-up refocuses sales on construction sites as Irish economy slowly reopens

Frydenberg talks markets to US Treasury secretary

Treasurer Josh Frydenberg has spoken to US Treasury secretary Steven Mnuchin about the rebound in equity markets and the stabilisation of credit markets.

Water And Wastewater Price Changes From 1 July 2020

Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.

Water and wastewater price changes from 1 July 2020

Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.

B2B Payments, Financing Lead Week’s FinTech Funding

B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.

Tobias Moers: Engine king of Mercedes takes wheel at Aston Martin

AMG chief is ‘diametric opposite’ of ‘nice’ predecessor Andy Palmer

UAE job hires - Tech skills are the most wanted

But mid- to senior management positions are worst hit in this downturn, and more to come

Alfa Romeo to cover finance payments on new cars if you lose job due to coronavirus

The car manufacturer has become the first in the UK to cover finance payments for owners of new vehicles for up to seven months at no cost to the driver if they lose their job due to Covid-19

Will London’s newest skyscraper become a monument to the market peak?

Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work

Neimeth’s share price rises by 114.6% in 2 months

Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....

Auto sector will feel the maximum pain this year: Prashant Jain

‘The impact on wages is significant and auto is a discretionary product

COVID-19 impact: Get ready for a 15-20% cut in salary offers in UAE

Businesses in the UAE are definitely not in a generous mood when it comes to hiring

Despite low dividend payout, CIL to have healthy yield of 9%

Despite a lower dividend payout, Coal India (CIL), one of country’s largest PSUs, will maintain a healthy 9 per cent dividend yield, equity research and brokerage house Edewleiss said. It has given a

Galeries Lafayette Cleared to Open Haussmann Store on May 30

The department store will offer discounts of up to 50 percent.

Walsall Council receive EA funding to reduce town centre flood risk

A grant of £175,000 has been given to a council to replace a culvert and reduce the risk of businesses nearby flooding.

Trafford Council lends Manchester Airport nearly £13m as part of major loan package

Concerns have previously been expressed about the authority's level of borrowing by its own councillors

The future of Indian retail post-Covid

After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game

Water market may not be 'good thing for the country', Basin chief says

The Murray Darling Basin Authority chief says water markets favour high-margin crops over traditional industries at the cost of regional communities.

Uttar Pradesh clocks highest ever sugar production

The increase in UP’s production is significant when seen in the national context, which has posted a 19% decline in production from 32.61 million tonne to 26.36 million tonne till May 15.

Nikon Releases Brutal Financial Report, Lays Off 700 in Southeast Asia

After delaying the report—and publishing a revised financial forecast earlier this month—Nikon has finally released its Fiscal Year 2020 financial results. At the same time, the company reportedly cut 10% of its workforce in Thailand and Laos, laying off 700 people.

Nutanix: Strong Subscription Revenue Proves Bull Thesis

Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.

Salesforce cuts annual sales estimates on COVID-19 hit

Salesforce.com Inc cut its annual revenue forecast on Thursday, citing the impact caused by the COVID-19 pandemic during first quarter.

Goldfinch Partners acquires payments fintech Vesta

Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.

Indian startups eye virtual wedding space amid coronavirus curbs

As weddings go online amid lockdown, startups and even bigger firms are exploring virtual wedding space.

UPL rating: Neutral — Synergies drove results in quarter

High debt a key concern for company; ‘Neutral’ maintained with target price of Rs 424

Furla to Open New Plant, Introduce New Store Concept

The Italian accessories company has been streamlining its distribution and raising its positioning.

India-dedicated funds attract zero investments in April due to Covid-19

This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes

The PH economy amid COVID-19

After quarantine restrictions imposed in the middle of March, the Philippines is now slowly working its way around the coronavirus disease (COVID-19) pandemic with the loosening of restrictions to allow businesses even in several non-essential industries to restart operations, given health and safety protocols.  From a modified enhanced community quarantine, just recently, the Metro Manila Council, composed of the 17 mayors of the metropolis, have agreed to recommend the transition of the National Capital Region to a general community quarantine (GCQ) albeit still with limitations and restrictions by 1 June.  President Rodrigo is set to decide on the matter before the MECQ imposed in Metro Manila ends on 31 May. While a GCQ would allow more businesses and the economy to breath little following restrictions during the enhanced community quarantine, the COVID-19 crisis have no doubt gnawed at the country’s economic growth outlook as businesses reel from the impacts of COVID-19 measures such as lockdowns and travel…

Marathon Oil: A Strong Balance Might Not Be Enough

Marathon Oil reported an adjusted loss of $0.16/share for Q1-2020 and with declining production and oil prices of less than $40/bbl, it might report more losses

Saudi Arabia transfers $40bn to back wealth fund’s spending spree

Finance minister confirms move as kingdom seeks to scoop up foreign assets at depressed prices

Google launches Plus Codes for Maps

Google has announced its Plus Codes feature is now available in Google Maps for Android.

What To Do If Your Old LiveJournal Password Was Leaked

I love getting emails from Firefox Monitor that tell me my email was found in a brand-new data breach. Adding insult to injury is when it’s an email for a service I haven’t used for a decade. And the Triple Crown of this scenario is when that service is Livejournal—you know, that place everyone blogged before...

A Goldman Sachs cryptocurrency report angered true fans

On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .

LibertyBus receives £400K as numbers drop by 96%

LIBERTYBUS is to be given almost £400,000 by the government after its services became financially unviable amid the Covid-19 crisis.

Nissan tight-lipped about strategy for Africa as it ‘transforms’

After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.

Nissan unveils four-year transformation plan – to cut production by 20%, reduce model range, focus on EVs

Nissan, which yesterday announced a net loss of 671 billion yen (RM27.1 billion) for the year that ended in March, has revealed a four-year restructuring

40,729 Shares in NMI Holdings Inc (NASDAQ:NMIH) Bought by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,729 shares of the financial services provider’s stock, valued at approximately $473,000. Trexquant Investment LP owned about 0.06% of NMI at the end of […]

'A Single Clenched Fist': Russia Defiant But Anxious As U.S. Seeks To End Its Monopoly On Manned Space Flight

As SpaceX prepares for its inaugural manned space flight, Russia looks on with admiration and nostalgia. Moscow has for years played a crucial role in facilitating American trips, earning not only prestige but also significant money selling seats on its Soyuz aircraft.

Exports to stay low due to liquidity woes

Busine­ssmen term zero-rating indisp­ensabl­e to remove hardsh­ips

COVID-19 impact | Commercial real estate space take-up may shrink by 20-25%

A few companies, especially mid-sized and large firms, may even consider the subscription-based option of work from home wherein their long-term real estate needs would be optimised.

Euro zone companies tap banks for cash to survive pandemic

Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.

Government announces €115 million support package for air transport sector

The Greek government on Thursday announced a package of measures amounting to €115 million to support the country’s air transport sector, hit hard by the

Phygital is the way forward’

Balbir Singh Dhillon, Audi India’s head, hopes that the sales will bounce back in the country powered by the YOLO mentality of customers As the country limps back to a sense of normalcy, I spoke with Balbir Singh Dhillon, Audi India’s boss about how he believes the luxury car market in India

Fertilizer supplies, prices remain low and stable amid coronavirus concerns

If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.

Would You Choose Restaurant Brands’ Stock Over McDonald’s?

McDonald’s stock has grown 20% in the last couple of years (since Jan 2018), but Restaurant Brands’ Stock has grown by only 10%. But it is hard to believe why McDonald’s stock is up more Restaurant Brands’ stock - especially since Restaurant Brands’ revenue growth for the 2017-2019 period stood at..

Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts

Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.

ASIC bans ex-Linchpin Capital boss Peter Daly for five years

Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.

The Big Tech Show: From Rathfarnham to the tech world’s summit — an interview with Zoom CIO, Dubliner Harry Moseley

Zoom is the single biggest breakthrough service of the 2020 global lockdown, in or out of tech. Before February, it was a niche business tech tool. 90 days on, it’s a global household name. Grannies, schoolteachers and friends now use it daily. It has replaced ‘Skype’ and ‘FaceTime’ as our default verb for video-conferencing.

Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why

Bitcoin has been on an impressive rally over the past two months.

Rupee: Go long above 75.6

The rupee (INR) has opened the session marginally higher at 75.7 compared to Thursday’s close of 75.76 against the dollar (USD). But it continues to stay within the range 75.6 and 76.If the rupee gain

JPMorgan on Pace for Another Strong Quarter of Trading Revenue

The bank's investment banking head said trading revenue in Q2 could be 50% higher on a year-over-year basis.

SBP reserves fall $55m to $12.07b

Drop comes on accoun­t of extern­al debt repaym­ents

Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near

Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co

US taxpayers' virus relief went to firms that avoided taxes

Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.

Coronavirus: Rishi Sunak urged by MPs to extend self-employed help

A group of 113 MPs and a 100,000-strong petition warn ending a support scheme would cause hardship.

Council tells schools in Nottingham to remain closed next week as education chief says it is "too soon" for children to go back

'Today, we would like to make it clear, unequivocally, that we do not feel it is the right time to bring children back to schools on Monday'

EUR/USD: ECB and a packed US data could wane the optimism

EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re

USD/JPY extends rebound and prints fresh daily highs above 107.70

The USD/JPY pair broke to the upside after moving sideways for hours during 107.05 and 107.30. It climbed to 107.82, hitting a fresh daily high as the

Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser

The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.

Nissan formally closes Indonesian factory

Automaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.

Wells Fargo Stock Is Too Cheap

Wells Fargo, trading at 73.5% of tangible book value, is a bargain. WFC stock is worth at least $33.13 per share.

S. Korea to lease Korean Air's B747-8i as new presidential plane

South Korea signed a five-year contract with Korean Air Lines Co. on Friday to lease a Boeing 747-8i jet as the next presidential plane, the defense ministry said. Under the 300 billion won ($242.3 million) deal, the country's No. 1 air carrier will provide pilots, crew members, mechanics, as well as a back-up plane of the same type for the president's overseas trips, according to the ministry. The plane will ente...

Neil Woodford fund: investors still await final payout

Twelve months after Equity Income fund’s suspension, pandemic leads to further delays

14 Return-On-Equity Champions With Warren Buffett Fundamentals

Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.

S. Korea Sending First Humanitarian Cargo

South Korea will send to Iran $500,000 worth of medicine this week, the foreign ministry in Seoul said, in the first such humanitarian exports to the country since the United States tightened

Gemini Exchange Brings Crypto Trading to Over 4 Million Samsung Users in U.S., Canada

Winklevoss brothers-backed Gemini cryptocurrency exchange has inked a partnership with South Korean multinational conglomerate Samsung Electronics Co. Per the terms of the partnership, as reported by Bloomberg on May 28, 2020, Gemini’s app will integrate with Samsung’s blockchain wallet to allow users to trade and store digital assets on mobile phones.

Williams has decided himself to tear up contract with ROKiT

On Friday morning it was announced that the collaboration between Williams and ROKiT is over before the first Grand Prix of 2020 has taken place at all. Since February 2019 the telecommunications company was the title sponsor of the British race stable. At the time, the signatures were placed under a multi-year partnership, but the partnership did not last long. Something completely out of the blue.

U.S. Stock Market Regains Lead As Top Global Performer For 2020

The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat

Visa Stock Is the Best Payments Powerhouse for Your Portfolio

Visa stock is beating the market in 2020; its ability to adapt and even thrive amid chaos proves long-term viability.

Analysts Foresee a Harsh End to Bitcoin’s Uptrend if It Losses $9,350

Analysts believe that a break below Bitcoin's near-term support will invalidate this recent uptrend and catalyze even further downside.

Border shipping biz soars

The COVID-19 lockdown and the ensuing U.S.-Canada border closure to all non-essential travel has driven e-commerce shipment traffic to all-time highs, officials in the customs brokerage industry said.

Morgan Stanley plans June return of some traders to New York headquarters: CNBC

(Reuters) - Morgan Stanley (MS.N) is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.

Nvidia Is Showing Investors It’s More Than Fun and Games

With the tech firm's investments in AI and autonomous innovations, NVDA stock has more catalysts at its disposal.

Tim Hortons to reopen Belfast city centre store on June 1

Coffee chain Tim Hortons is to reopen its store in Belfast city centre for takeaways from Monday.

Wells Fargo reveals new risk management structure

Wells Fargo reveals new risk management structure

Vietnam posts $1.9 billion trade surplus during the Jan.-May period

Despite impacts from coronavirus, Vietnam reported trade surplus of $1.9 billion during the first five-month period, General Statistics Office said in a latest data released on Friday.

NABARD sanctions Rs 1,050 crore credit support to West Bengal

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people.

NABARD sanctions Rs 1,050 crore credit support to West Bengal

The credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance institutions. The NABARD has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks, he said, adding that disbursements to MFIs will commence shortly.

Soas to slash budgets and staff as debt crisis worsens in pandemic

Fears of takeover after auditors question whether London-based institution can continue

Vestager hits back at Lufthansa bailout criticism

Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.

Bihar's industries minister writes to 24 companies inviting them to invest

Referring to Bihar as a “central location in eastern India”, Rajak said the state's location midway between UP and Bengal makes it suitable as a manufacturing base for markets in eastern UP, Bengal, Jharkhand, Odisha and the Northeast.

Gold: Making Its Seasonal Top

We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t

Volkswagen invests two billion euros in China – new acquisitions are part of its electrification strategy

Volkswagen has announced some big moves in China as part of its electrification strategy in the world's largest auto market. The German giant plans to

SpaceX Starship prototype destroyed after static-fire test

A SpaceX Starship prototype was destroyed in an explosion May 29 shortly after what initially appeared to be a successful static-fire test.

Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer

The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.

ITC to use Amway network to sell juices as coronavirus pushes demand for immunity boosters

FMCG major ITC has partnered with direct selling company Amway to retail its range of juices as demand for immunity building products witness a boom during the coronavirus pandemic.

SoftBank Leads $500 Million Funding for Didi Autonomous Unit

Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund, the first external investment in the Chinese ride-hailing giant’s fledgling self-driving subsidiary.

Bangladesh becomes 60th nation to receive IMF pandemic aid

The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund

Handicraft exporters to attract global buyers virtually amid Covid curbs

More than 200 exporters to participate in online exhibition from June 1-4

Fraudsters target Singaporeans using local brands, celebrities and 'freebies'

Using the names of local brands and celebrities, scammers are targeting Singaporeans in an elaborate scheme to steal their personal data. Recently, they have also exploited the Covid-19 pandemic, using news of it as clickbait. The list of local brands and...

Google sends 1755 warnings to accounts targeted by state-backed attackers

WHO spoofs surge during coronavirus outbreak.

Opinion: The fall of Canada’s razzle-dazzle paper. Can it find glory again?

If the Toronto Star is ever to retrieve its old glamour, it will have to purse a death-or-victory strategy

EU Delivers Comprehensive Fiscal Rescue Package

In my view, the package, dubbed Next Generation EU, represents a significant step to bolster Europe's economy and show unity. The European Commission stated tha

Buy the Post-Earnings Dip in Canopy Growth Stock Now

Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.

Most Indian organisations want AI for improved productivity

Organisations across multiple verticals have been leveraging AI, driven by their own needs, but all of them are considering intelligent systems to either reduce effort on mundane tasks or establish specialized real-time insights for faster decision making

Carrefour CEO Says Omnichannel Approach Helped With Front-Line Efforts

“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.

Nairobi News

News,Gossip,Sports and Entertainment from Nairobi.

SPECIAL REPORT: BUHARINOMICS, FIVE YEARS AFTER: Diversification agenda falters, gropes for traction

THE Federal Government’s main economic strategy is anchored on diversification of the economic base away from oil dependency.

The Time For The Soybean Bull Market Has Not Come Yet

The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d

AUD/USD: Bulls and bears jostle above 0.6600 amid risk-off sentiment

While extending its pullback moves from the intraday low, AUD/USD rises to 0.6638 during Friday’s Asian session. Even so, the Aussie pair manages to f

United Airlines Is a Little Bit Less Ugly

While UAL stock is less ugly today, that’s not enough of a reason to buy shares.

UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds

The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...

Indian entrepreneurs gave this many high paying jobs to America; US-India trade ties can help startups boom

The strengthening of US-India bilateral ties could be a major proponent for startups to flourish and both countries can benefit if more startups are encouraged to work in America.

3 Sports Apparel Stocks to Trade for Players and Spectators Alike

Stoppage time for athletics of all kinds hasn’t stopped bulls and bears from playing three sports apparel stocks to big wins.

Atlassian's events to go digital for next 12 months

After successful Remote Summit.

‘Not an Asset Class’ Bitcoin Spiked by 100,000,000% Since 2011

Goldman Sachs is missing the fact that Bitcoin has provided an unprecedented 100,000,000% return on investment since 2011.

Alcohol ban resulted in 18 000 job losses in wine industry - Vinpro

Although liquor sales are allowed from 1 June, the two-month ban on the sale of alcohol, combined with a ban on exports, has had a devastating impact on the wine industry.

Merger of three state-owned general insurers on back burner due to Covid-19

Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year

Covid-19 Hits G20 International Merchandise Trade In First Quarter

Covid-19 containment measures introduced in many countries in March 2020 hit G20 merchandise trade hard in the first quarter of 2020. Compared with the fourth quarter of 2019, exports fell by 4.3% and imports by 3.9%, and now stand at their lowest levels since the second quarter of 2017. Early indications for April point to more precipitous falls in the second quarter, with Korean and Japanese exports, for example, falling 21.5% and 10.6%, respectively, compared with March 2020.

Ministry proposes $69m stimulus for fisheries, aquaculture

Minister Edhy Prabowo said the stimulus would include social aid for fishermen, fish farmers and salt farmers and funds to strengthen surveillance efforts against poaching.

UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic

UPS will charge an extra fee for companies shipping certain amounts of packages.

Careful When Booking Covid Flights - Some Aren’t Real

Some airlines may be selling tickets for flights they have no intention of operating, in order to lock customers into time-limited vouchers.

Nearly half of ecommerce searches on Google drive no traffic

Retailers are finding organic search is not generating the same volume of traffic as before.

NZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump's presser

The NZD/USD pair capitalized on the broad-based USD weakness and surged to its highest level since March 12th at 0.6241. However, the risk-averse envi

Seeks RBI intervention over interest rate cuts

Real estate developers body Credai has written to the RBI, saying that the banks have not adequately passed on the benefits of repo rate cuts to the NBFCs and housing finance companies (HFCs) and...

Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why

While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.

Seplat targets more acquisitions as shareholders get $59m dividends

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...

Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions

Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year

Govt., state-run creditors discuss Doosan Heavy's self-rescue plan

SEJONG -- Top economic policymakers and heads of state-run creditor banks on Friday discussed a self-rescue plan submitted by cash-strapped Doosan Heavy Industries & Construction Co., the finance ministry said Friday. Two state-run creditors -- the Korea Development Bank and the Export-Import Bank of Korea -- have been in talks with Doosan Group, the parent of Doosan Heavy, on a debt restructuring plan for the ...

Bev Q goes kaput disrupting liquor sale

Liquor sale across the State was disrupted on Friday after Bev Q, the virtual queue management app for maintaining social distancing at liquor outlets, went kaput denying access to majority of users t

How to keep supply chains reliable when the world's upended

In March, as COVID-19 cases spiked across the United States, hospitals faced a harrowing shortage of crucial medical supplies, from face masks and ventilators to the nasal swabs and chemicals needed for ...

Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally

The number of Ethereum long positions has been rocketing, which has been a warning sign that a liquidation-fueled movement is imminent.

Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers

After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.

Zebpay Expands Crypto Compliance Relationship with Chainalysis

Zebpay, one of the largest cryptocurrency exchanges in India, has expanded its partnership with Chainalysis, a New York-based provider of compliance software

Pitching in: Providing foot relief for health care workers

MEGAComfort had a warehouse full of insoles and the couple decided to donate 20,000 pairs to front-line hospital staff, a donation worth about $500,000

Russell Investments Group Ltd. Raises Stake in Match Group Inc (NASDAQ:MTCH)

Russell Investments Group Ltd. boosted its position in Match Group Inc (NASDAQ:MTCH) by 117.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,850 shares of the technology company’s stock after buying an additional 25,326 shares during the […]

Bank of New York Mellon Corp Has $20.07 Million Stake in Match Group Inc (NASDAQ:MTCH)

Bank of New York Mellon Corp boosted its position in shares of Match Group Inc (NASDAQ:MTCH) by 10.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 303,838 shares of the technology company’s stock after purchasing an additional 29,902 shares during the period. Bank of New York Mellon Corp’s holdings in Match Group were […]

Buy Orient Cements; target of Rs 63: Cholamandalam securities

Cholamandalam securities is bullish on Orient Cements has recommended buy rating on the stock with a target price of Rs 63 in its research report dated May 29, 2020.

Volkswagen looking to buy 50% of JAC's parent company

The deal between Volkswagen and Anhui Jianghuai Automobile Group will result in a 50% ownership for each company

"Bleak and depressing reading” - Figures highlight retail sector lockdown woes

The latest national retail figures make for “very bleak and depressing reading” as the effect...

Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt

Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.

Arrowhead and Exemplar deliver better than expected results

But Covid-19 presents risks for the property sector.

PM Kariņš: "In retrospect, we were right" on coronavirus strategy

Prime Minister Krišjānis Kariņš gave an update on the economic and business environment created by the coronavirus crisis May 29 in an online discussion hosted by the American Chamber of Commerce in Latvia and the Foreign Investors' Council in Latvia.

Canopy Growth Earnings: CGC Stock Crashes 19% On Losses, Charges

Canopy Growth earnings has CGC stock taking a beating on Friday after the company reported major losses in multiple areas during the quarter.

Soros Reportedly Suggests Reviving 18th Century Bond Scheme to Help EU Weather COVID-19 Cost

The billionaire also described the coronavirus as a threat to "the survival of our civilization", which "moves very fast and in unpredictable ways".

South Africans quench thirst with moonshine during lockdown ban

South Africa imposed a lockdown on 27 March and banned alcohol in a bid to ease hospital workloads, help the public stick to social distancing rules and prevent a rise in domestic violence. A partial lifting of the ban is set for 1 June.

Wall Street opens mixed as investors wait for US Pres. Trump's announcements on China

Wall Street's main indexes started the last day of the week on a mixed tone as investors seem to be staying reluctant to make large bets ahead of US P

Hap Seng records higher earnings in Q1

KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...

Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet

Work.com is an example of investing in a downturn and now Salesforce.com aims to broaden its reach as a digital transformation engine.

7 Stocks to Buy to Ride the Vegan Wave

Plant-based foods have become big business in America. And these food stocks to buy show that America is crazy about meatless alternatives.

Madras High Court notice to Franklin Templeton, SEBI

PIL filed against closure of 6 schemes

For Yamaha, WFH has ‘no connection with distraction’

It has been a huge learning for everyone, says two-wheeler giant’s India head Motofumi Shitara

South African Airways administrators seek more time for rescue plan

If the delay in publication is approved, they will start those talks on June 1, they said in the letter, dated May 28.

Madhya Pradesh: Mandsaur farmers produce record 2.85 lakh metric tonne of wheat

An amount of Rs 388.90 crore has already been deposited in the bank accounts of farmers.

Kogan Shares Soar To Record High

Kogan.com.au has noted unprecedented growth during the COVID-19 pandemic, and today the company’s share price soared by 5.2% to reach a record high of $11.11 as of 12pm.

Stanbic IBTC Holdings celebrates digital graduate trainees

Stanbic IBTC Group recently held its first-ever digital graduation ceremony in honour of the 17th Stream of Graduate Trainees who.

Emerging trends in warehousing segment post Covid-19 lockdown

At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.

VMware CEO After Storming Quarter: “Tech is Stronger than GDP”

VMware CEO: "Tech is stronger than GDP, and software and cloud is stronger than tech."

AMD Stock May Look Weak, but There’s Still Lots of Opportunity

It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.

Ukraine's chief banker: Most of problems on labor market unrelated to COVID-19

The second cause is low productivity.

SBA Data Show At Least $20B Of PPP Loans Have Been Canceled

A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.

New comprehensive I-T form to come in handy for taxman

Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.

PIC willing to convert R90 billion of Eskom debt into equity

Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.

Why Molina Healthcare Stock Is Up 3x Despite Declining Revenue

Molina Healthcare’s stock (NYSE: MOH) has gained a whopping 240% since early 2017. But how did the company pull off such impressive gains, as its revenues actually declined 5% over the same period? Well, there is a valid reason, of course. As it turns out, the net earnings margins...

5G and 6G: What Problems Should Solve Huawei To Continue Leading?

Though Huawei is a leader in the world and in China especially in terms of 5G, it has started pre-research of 6G as well.

Reopen News: Phase 1 in sight for New York City at last, 400,000 could head back to work

New York City got some good news on Friday from Governor Andrew Cuomo and Mayor Bill de Blasio: it's moving into Phase 1 on June 8.

EOS completes acquisition of Audacy

Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.

Latvian GDP contracted by 1.5% in first quarter

Data compiled by the Central Statistical Bureau (CSB) show that in the first quarter of 2020, compared to the first quarter of 2019, gross domestic product (GDP) decreased by 1.5 % (according to seasonally and calendar non-adjusted data).

Despite Catalysts, Penn Stock Remains a Sell

There's plenty to be excited about with PENN stock. But with shares getting ahead of themselves, steer clear until shares take a breather.

China extends its anti-dumping investigation into Australian and Japanese chemical exports

According to Reuters, China announced that it extended its anti-dumping investigation into the Australian and Japanese chemical exports. more to come

Profitable Blis points to significant growth

Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...

Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar

‘We have had a very good winter harvest this time

PayPal: Shares Lack Further Upside At The Current Valuation

PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po

As coronavirus scams proliferate, Google launches scam-spotter tool

Scammers beware: Google is on the lookout for you.

Crashed Pakistan A320 jet insured for $19.7 million: airline document

SYDNEY/LONDON (Reuters) - The Pakistan International Airlines (PIA) Airbus SE A320 jet that crashed into a crowded residential district of Karachi last week killing 97 people on board was insured for $19.7 million, an airline document showed.

UK pushes alliance to ditch Huawei tech

The UK government is looking at ways to reduce its reliance on Chinese technology, floating ...

The L In L-Shaped Recovery Stands For Long

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ

Tata Motors Trading Near All-Time Low Ahead Of Earnings

Tata is set to report Q4 earnings results in the next few days and the company is expected to lose money once again. The company has been losing money for the l

Chinese companies in India dither to join country’s fight against Coronavirus; Make negligible contributions for the sake of optics

The major Chinese companies including Xiaomi, Vivo, Oppo, Huawei, Oneplus whose annual revenue is approximately INR 60710 crore, have just contributed INR 24 crore (0.04%) for India’s fight against coronavirus pandemic.

COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway

More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.

Planning for major projects at industrial and residential development underway

More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.

AUD/USD trades at fresh session highs near 0.6660 ahead of key US data

The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over

Astrologer Bejan Daruwalla dies, son denies he contracted Covid-19

Daruwalla died at a private hospital here on Friday evening, his family said.

Finding Comfort Outside Of The MegaTechs

Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.

Brazil GDP to fall 5% or more this year: central bank chief Campos Neto

Brazil GDP to fall 5% or more this year: central bank chief Campos Neto

Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading

Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.

Delayed deliveries from Sephora upset customers

The thrill that came after scoring bargains at Sephora's biannual Beauty Pass Sale that took place from May 5 to 7 turned to frustration for some, after their orders were delayed. More than 35 customers who purchased items from the beauty retailer during the sale, which was...

COVID-19 Impact on Online Lending: Report

The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav

Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale

Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business. 

Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain

Datsun brand will be withdrawing its operations from Russia

Rockwell Land reduces 2020 capex by half to P9b amid Luzon lockdown

Rockwell Land Corp., the property arm of the Lopez group, said Friday it reduced the planned 2020 capital expenditures by half to P9 billion because of the coronavirus pandemic.

TCG accused of short-changing PE investors in Haldia Petrochem

In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri

Better Buy: Magellan Midstream Partners vs. NuStar Energy

A midstream player that's changed its business or one that's stuck to its knitting? The choice isn't easy with both offering 9%+ yields.

USD/CAD holds steady, up little around 1.3770 amid weaker oil prices

The USD/CAD pair edged higher on Friday, albeit lacked any strong follow-through and remained confined in a three-day-old trading range. A sharp fall

KCR launches last phase of Rs 1 trn Kaleshwaram Lift Irrigation project

The project is designed to lift as much as 180 thousand million cubic feet of water from the River Godavari

Clean Cooking: 33 Solutions For One Renewable Energy Problem

The latest energy report from the International Energy Agency describes how much more pants-on-fire activity is needed to pump up the clean power trend on the heels of the COVID-19 crisis. For starters, at this rate an estimated 620 million people still won't have electricity by 2030. That's nothing to sneeze at, but it's small

S&P 500: Futures defend 3K mark amid risk-off, eyes on Trump’s China speech

The futures on the S&P 500 index are nursing losses above the 3000 level, as the bears take a breather following the slump overnight. The US futures r

Isuzu expects pick-up demand in Thailand to drop 35%

With sales significantly impacted by the Covid-19 outbreak, Isuzu expects that the demand for pick-up trucks and other light commercial vehicles (LCV) in

Minerva Neurosciences: NERV Stock Plummets 72% on Schizophrenia Study

Minerva Neurosciences (NERV) is seeing NERV stock nosedive on Friday after announcing results from a recent schizophrenia study.

Digital Asset XRP Liquidty Sets All-Time High Just Weeks After New Lawsuit Filed Against Fintech Ripple

XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also incr

USDA’s SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon

SNAP benefits will now work for buying groceries on Amazon and other associated partners in up to 25 states.

Swiss National Bank Buys 600 Shares of FirstCash Inc (NYSE:FCFS)

Swiss National Bank increased its stake in shares of FirstCash Inc (NYSE:FCFS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,812 shares of the credit services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank owned about […]

Recent Hiring Data Shows Gaming And Esports Companies Not Immune To Economic Woes

Consumers are turning to gaming and esports companies for entertainment during difficult times. So how are these companies faring during the pandemic?

Nifty 50 June Futures (9,404)

The Indian benchmark indices i.e. the Nifty spot and the Sensex spot indices are trading with a downward bias. The Nifty spot is down by 0.2 per cent whereas the Sensex spot is down by 0.4 per cent. A

Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]

The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past

Hostel owner Safestay positive it can welcome back guests under new plans

London-listed hostel owner Safestay has said it plans to reopen over the course of the year but with major changes to the experience for customers, the company said.

Bank CIMB Niaga: Negatives Priced In

Bank CIMB Niaga's loans growth is expected to be flattish this year, compared with earlier expectations of a +6%-8% increase as the bank places a stronger empha

Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech

If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels

East African Portland Cement To Fire More Employees

The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i

Reveal Group is First and Only Partner to Achieve Blue Prism "Double Platinum" Capability Certification

Company Sets New Standard for Intelligent Automation Delivery CapabilitiesNEW YORK & SYDNEY — Reveal Group, a global leader in Robotic Process Automation (RPA) and Intelligent Automation deployments, today announced that it has been recognized by Blue Prism (AIM: PRSM) as the first and only certified Double Platinum Capability and Delivery Provider in the world.

Post-Pandemic Music Industry Predictions: The Consolidation Of Power

The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?

China's Didi Chuxing raises over $500 million for autonomous driving unit

The ridehailing giant said the round was led by SoftBank Vision Fund 2 and marks the first time Didi's autonomous driving business has brought in external funding since it was established.

Due diligence important for residential real estate projects post COVID-19

The pandemic may impact cashflows to real estate projects with delays in customer collections and unwillingness of banks and NBFCs to provide further funding.

Finance Ministry Perm Sec Guvamatanga splashes US$50k on kitchen suite

Underfire Ministry of Finance and Economic Development secretary George Guvamatanga has splashed a whooping US$50 000 on a kitchen suite makeover at his Harare house, Zim Morning Post can reveal.

Major Market Indicators Report June 2020: Downshifting To Neutral

U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing

Salesforce Writes Off $25 Million as it Abandons Offices

Salesforce adds that cancelling physical events this fiscal year in favor of virtual experiences cost it $65 million. Salesforce offices meanwhile..

US Dollar Index drops to 2-month lows near 98.20 ahead of Trump

The greenback faces extra selling pressure at the end of the week and is forcing the US Dollar Index (DXY) to recede to fresh 2-month lows in the 98.2

Rice sowing not progressed much after April 10: Agriculture Ministry data

It may be noted that sowing of rice and other kharif crops is being undertaken amid the COVID-19 lockdown. Although farm activities are exempted from lockdown rules, the reasons are not known yet for slow area coverage under rice.

Shuttered salons and silent scissors! Beauty and grooming industry looks at bleak future

The Uttar Pradesh government had allowed salons to open but not beauty parlours, which caused more confusion than clarity to shop owners.

GetSwift: A Smart Bet On The Post-Corona Delivery Revolution

GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin

Some sectors of Australian economy will need additional support - PM Morrison

SYDNEY (Reuters) - Some sectors of Australia’s economy will require additional stimulus, Prime Minister Scott Morrison said on Friday.

COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide

Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released today by the International Energy Agency (IEA) the International Renewable Energy Agency (IRENA), […]

Sundaram-Clayton Ltd posts 23.43% rise in Q4 standalone net

The city-based TVS Group company had registered net profits at Rs 50.27 crore during corresponding quarter previous year.

Court rules Bendigo Bank small business loans were 'unfair'

Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.

Manufacturers' New Orders Posted Widespread Declines In April

New orders for durable goods plunged 17.2 percent in April following a 16.6 percent tumble in March. New orders for nondefense capital goods excluding aircraft,

These were the 10 biggest European tech stories this week

These were the 10 European tech stories this week

Google Rescinds Offers To Thousands of Contract Workers

Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers. From a report: "We're slowing our pace of hiring and investment, and are not bringing on as many new starters as we had...

Macro Afternoon

A flat end to the week as the window dressing month end meme takes place across risk assets with most stock markets pulling back here in Asia. Besides the usual end of month reshuffle, risk is still waiting Trump’s policy announcement on China, but it seems he’s too busy having a dummy spit about Twitter instead.

Rivals see surge in revenue as Coupang reels from COVID-19 damage

South Korean retail giant E-mart’s online store SSG.com said Friday it has witnessed a spike in its business as worried customers are shunning online grocery delivery platforms of Coupang and Market Kurly whose logistics centers reported virus infections recently. According to SSG.com, the number and sales of early morning deliveries on Friday jumped 14 percent and 37 percent, respectively, compared to last w...

SpaceX, NASA already planning its next astronaut mission following historic launch

SpaceX’s first launch of Crew Dragon with astronauts on board may have to wait a few more days to get off the ground, but that doesn’t mean that the company isn’t already looking forward to the future. Following Demo-2, and if all goes as planned, NASA is expected to certify the Crew Dragon spacecraft for […]

MarTech Minute: Criteo’s Retail Media ad platform, Agilify Training’s virtual Scrum Master course

A quick round up of the latest marketing technology news and announcements.

USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply

The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m

Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down

Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…

Santander invests in Brazilian alternative lender a55

Santander InnoVentures, the Spanish banking group’s $200 million corporate venture fund, has invested an undisclosed sum in Latin American alternative small and medium-sized enterprise (SME) lender a55.

Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News

The Weekender has deep dives on Main Street's digital shift, ATM innovation and PPP loans.

Virtual marketplace helps firms sell wares online

Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.

Tencent raises USD 6 bln in bond offering, pledges investment of USD 70 bln into cloud, AI, cybersecurity

China’s Tencent has raised USD 6 billion through a number of bond offerings, Reuters reported, calling it the largest debt deal by an Asian corporate this year. The notes will be issued on 3 June. About USD 1 billion was raised with 5-year notes, nearly USD 2.3 billion with 10-year notes, USD 2 billion with 30-year notes and USD 750 million with 40-year notes. The 40-year term is a first for the company. 

Union pressure forces Rolls-Royce to delay Inchinnan jobs axe bid

The company employs more than 1,300 at the Inchinnan factory, which manufactures compressor blades and seals for planes.

Govt may keep petroleum prices unchanged

Move aimed at shield­ing oil indust­ry from hefty losses­

Optimizing Contractor Payments And Productivity For A Flexible Workforce

Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.

It Looks as If American Airlines Stock Is Set for a Big Return Next Year

American Airlines Will Fly with lower capacity but first must wait for passenger traffic levels increasing

Challenger bank Starling raises additional £40m

Fintech led by former AIB chief operating officer, has now raised £363m to date

Pandemic, monsoon ban, Vasai fishermen stare at a bleak year

Post the nationwide lockdown on March 24, all fishing activities had been shut down. In April, however, fishing was allowed by the central government.

SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic

SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.

Earnings Preview: What To Expect From Zoom On Tuesday

Zoom is expected to earn $0.09/share on $203.02 million in revenue. Meanwhile, the so-called Whisper number is $0.10/share. The Whisper number is the Street's unofficial view on earnings.

DraftKings Stock Will Keep Benefitting from Multiple Strong Trends

DraftKings stock will be boosted by the popularity of iGaming and the resumption of professional sports leagues.

ACT govt rules out business loans and grants, hospitality package welcomed

Chief Minister Andrew Barr says assistance for other ailing sectors is being considered.

Renault to cut 15,000 jobs, save RM9.7 billion by 2024

Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses

14,600 job cuts announced by Renault around the world, plans to save 2 billion euros

Renault has also announced a suspension of planned capacity increase projects in Morocco and Romania as well as further optimize its operations in Russia.

Charter Communications' EBITDA Margin Should Continue To Expand In 2020

Charter Communications is the second largest cable operator in the United States. The company should be able to continue to grow its cable Internet business tha

Nicolai Tangen, next chief of Norway’s sovereign wealth fund

The hedge fund manager has unleashed a scandal-laced storm of Nordic ‘Janteloven’

BharatPe’s card-accepting machinewith zero MDR may go live in June

Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be

Samsung's global wearables shipments grew by 71% for the first quarter of 2020

The latest IDC report on the wearables market (for the first quarter of 2020 (1Q2020)) shows that its watch sector declined. However, this shortfall was addressed by gains made by the audio and band categories. Apple remained the #1 brand in terms of shipments, although Samsung posted the greatest year-on-year (YoY) growth.

Alderwood mall is ready for the governor’s green light

The Lynnwood shopping center, closed since March 24, could reopen in June. But expect changes.

Yandex: Not So Immune To Corona As You Might Think

The coronavirus outbreak is going to reveal the biggest downside of Yandex's case: the company is tied tightly with the ever-shrinking Russian economy. Yandex.T

Crushing It: Splunk's Strong Fundamentals Drive Stock Higher

Splunk is a leader in Big Data/SIEM and is transitioning to a recurring revenue business model. The recent pandemic-driven acceleration from a perpetual license

Flight searches and bookings remain down overall, however positive signals are there

With our access to real-time traveller audiences and unmatched visibility into global travel demand, we’re in a unique position to share the current travel trends at the forefront of marketers’ minds. In this blog series, we’ll take a look at the data in order to aid travel marketers in their assessment of this worldwide event. They can use these trends to inform their marketing strategies during this period and be prepared for the recovery once the situation stabilises. These insights are

How Coronavirus is Impacting Digital Payments in Emerging Markets

Emerging markets have been the scene for creative innovations in payments for the last decade, says Wirex CEO Pavel Matveev.

Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders

Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.

Total FDI exceed $ 4180 million in nearly eight months: MIC

Yangon—In nearly eight months of the current fiscal year, the total Foreign Direct Investments have exceeded 4,180 million US dollars, according to the statement by the Myanmar Investment Commission (MIC).  A total of 13 foreign investments—four proposals and two approvals by the MIC, three approvals by Yangon Region Investment Committee and four by Bago Region Investment Committee. The FDI amounts to 735.696 million US dollars, creating 9,761 jobs for locals. 

Bitcoin Isn’t Even in a Macro Bull Market Yet: Here’s Why One Is Imminent

Bitcoin has performed extremely well since the $3,700 lows. Data from TradingView suggests that from the lows, the cryptocurrency is up just over 150%.

Swiss National Bank Acquires 2,100 Shares of Global Blood Therapeutics Inc (NASDAQ:GBT)

Swiss National Bank increased its holdings in shares of Global Blood Therapeutics Inc (NASDAQ:GBT) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned […]

Trexquant Investment LP Purchases Shares of 8,789 Global Blood Therapeutics Inc (NASDAQ:GBT)

Trexquant Investment LP purchased a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $449,000. Other institutional investors also recently modified their holdings of the […]

UT Bank collapse: State ordered to file relevant documents by June 22

An Accra High Court has ordered the State to file, by June 22, all the documents they intend to rely on in the matter of Prince Kofi Amoabeng, Chief Executive Officer of the defunct UT Bank Ghana and five others, whose alleged roles led to the collapse of the Bank.

Hyundai Oilbank launches new mascots ahead of major takeover

Hyundai Oilbank said Friday it has launched new mascots as it finalizes its acquisition of the gas station business of SK Networks. The South Korean oil refiner introduced three dinosaur mascots -- Gio, Dio and Kio -- named to represent its respective brands for gasoline, diesel and kerosene. It is poised to take over some 300 gas stations from SK Networks. The takeover is expected to allow Hyundai Oilbank to det...

Searching post-Covid real estate landscape in India

Indian millennials are now in favour of buying homes. This is a significant change in their previous outlook, which largely favoured renting almost everything

Shipping industry goes digital in lockdown

Blockchain replaces manual effort.

Party City News: Why PRTY Stock Is Surging 29% Today

Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.

COVID-19 impact | Blackberrys to align physical stores with digital capabilities

Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.

Maker (MKR) Jumps 37% Following a Second Listing on Coinbase

Coinbase listed MKR for the first time in April 2019, but due to limited liquidity no trades were executed.

Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ

Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank

Fitch forecasts Indonesia operator consolidation

Intense price competition in Indonesia and unequal access to spectrum resources, as the country mulls ...

Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space

Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic

7-Eleven books higher Q1 profit despite Covid-19 pandemic

KUALA LUMPUR, May 29 — Convenience store chain 7-Eleven Malaysia has reported higher sales for the first quarter of 2020 by RM619.3 million, or 6.1 per cent overall. Chief executive officer Colin Harvey said sales increased by RM35.6 million in the quarter, with the same-store sales up 1.9 per...

Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest

Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs. 

What Could Go Wrong: FinTech Vs. Healthcare Covid-19 Crisis Innovation Series

The COVID-19 crisis presents an opportunity for the healthcare industry to catapult forward, make fundamental changes, and adopt new innovation. But will they take advantage of this opportunity, or will the need to keep the status quo get in the way?

Asia’s pension reforms call for a multi-pillar approach

As life expectancy continues to increase, with people born in developed countries since 1997 now having a 50-50 chance of living beyond 100 years1, pension systems are faced with handling retirements that could last in excess of 40 years.

CEO Williams: "Do consider selling the entire company"

The collaboration with ROKiT has been terminated with immediate effect and the Formula 1 team may go on sale. That was the news that Mike O'Driscoll said this Friday morning. Through the official channels, the CEO will give some more text and explanation.

Today In Payments: Mastercard Introduces Recovery Insights Tools; Starling Notches $49M In Funding

In today's top news, Mastercard introduces Recovery Insights tools, Google is mulling a share of Vodafone India, and Starling has raised $49 million.

How our very richest tripled their fortunes in a decade

Two macro themes have helped to deliver an extraordinary jump in the fortunes of our richest Australians.  

India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain

‘Sectors where the fixed costs component is higher will be hit sharply

The Brazil Tech And Innovation Round-Up: International E-Commerce Growth, Digital Exclusion Hits Black And Poor Brazilians, App Delivery Fee Cap

A selection of noteworthy developments in the Brazilian tech and innovation landscape during the week ending May, 29, 2020

Zurcher Kantonalbank Zurich Cantonalbank Purchases 828 Shares of Centerstate Bank Corp (NASDAQ:CSFL)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Centerstate Bank Corp (NASDAQ:CSFL) by 10.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,722 shares of the financial services provider’s stock after purchasing an additional 828 shares during the period. […]

Satoshi Nakaboto: ‘Winklevoss deal brings BTC trade to Samsung users in US and Canada’

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 Stephen Hawking used to say: Let’s get this bread! Bitcoin price We closed the day, May 28 2020, at […]

Procter & Gamble Health posts net profit of Rs 46.5 crore for March quarter

It had posted a net profit of Rs 40.70 crore in the corresponding quarter a year ago, Procter & Gamble Health said in a regulatory filing.

‘Social IQ skills’ are the X-factor that women bring to tech companies

Apart from automation, technology needs soft and cognitive skills, believes HCl Technologies

Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?

China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.

Gold and silver rates today spikes up in Bangalore, Hyderabad, Kerala, Vizag - 29 May 2020

Gold and silver rates today 29 May 2020 : Gold rates, which have seen a decline till Thursday have rose by a maximum amount in Friday.

Food Is Essential, So Sell Naked Puts On Performance Food Group

We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against

Capgemini’s Delaporte to take over as Wipro CEO and MD

Frenchman had spent 25 years with the consulting firm

Brazil GDP contracts 1.5pc in Q1 due to pandemic

RIO DE JANEIRO, May 29 — Brazil’s economy — Latin America’s largest — contracted by 1.5 per cent in the first quarter due to the shutdown triggered by the coronavirus pandemic, the government reported today. But the contraction reflects only the early effects of the pandemic because...

State to take up NBFCs’ demand with Centre

Lukewarm response from banks to invest in bonds

Katsina building 722-bed centre - The Nation Nigeria

Governor Aminu Bello Masari of Katsina State on Thursday announced plans to build additional 722 isolation centres to accommodate ...

Expect no direct financial stimulus – Kasaija

Kampala, Uganda |  THE INDEPENDENT |  The Finance Minister Matia Kasaija has said that the government does not have a provision for any fiscal stimulus for businesses that have been affected by the impacts of the COVID-19 pandemic. Several economists and players within the private sector have been calling upon the government to consider giving economic …

FMG appoints Claire Owens as new managing director

Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.

Malaysia 5.0 ― A National 4IR Policy ― Rais Hussin

MAY 30 ― “Between 400 million and 800 million individuals could be displaced by automation and need to find new jobs by 2030 around the world” ― McKinsey Global Institute Malaysia 5.0 outlines a problem-solving approach to society’s challenges and problems through the deployment and...

Uganda Bankers Association elects a new Chairman

Members of Uganda Bankers Association (UBA) have elected Mathias Katamba, as the new Chairman taking over from Patrick Mweheire who served for two years (2018 & 2019). Katamba is the Chief Executive Officer of dfcu Bank Uganda. Also elected on the executive committee of UBA is Sarah Arapta, Citibank CEO as Vice-Chair, Varghese Thambi, CEO Diamond Trust Bank as Treasurer,  Sam Ntulume, CEO NC Bank as Auditor, Albert Saltson, CEO Standard Chartered Bank, Committee Member and Veronica Namagembe, CEO Pride Microfinance (MDI), also a Committee Member. The new leadership assumes responsibility at a time when the industry has registered significant improvements in the areas of profitability, credit extension, channels and growth in assets over the past year 2019. Outgoing  Chairman Patrick Mweheire said that in 2019, two financial institutions namely Opportunity Bank and Afriland Bank were issued with commercial banking licenses bringing the total number of tier I banks to 26.

Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes

-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo

3 Recent Catalysts For Bitcoin

The first involves Square (SQ), which made recurring Bitcoin purchases available to its Cash App customers. The second news involves Shopify (SHOP), which renew

PAS collapse a dose of COVID-19 reality

Workers and investors - including one Rich Lister - have been reminded that firms in trouble before this crisis will struggle to emerge from it. 

Taiwan Semiconductor: Well-Positioned Despite US-China Trade War

TSMC is well-prepared to deal with near-term COVID-19-related headwinds. Growing US-China tensions will likely have long-term negative implications for TSMC. TS

The reason supermarkets are still running out of eggs

Shoppers are still struggling to get hold of eggs in Asda, Tesco, Sainsbury's, Morrisons and Aldi

Nwunelis become first couple to deliver the keynote on Harvard Business School class day

Ndidi Okonkwo Nwuneli and Mezuo Nwuneli have become the first couple to deliver the keynote address on Harvard Business School (HBS) class day. 

Q&A: Anatomy of the perfect team in a modernized IT environment 

What is the best way to assemble and lead a team using agile DevOps and emerging technologies – while still leveraging key legacy knowledge? Brandon Edenfield, CEO of Modern Systems outlines a strategy.

California regulator approves PG&E's Chapter 11 reorganization plan

Power regulator California Public Utilities Commission (CPUC) has approved PG&E Corp's Chapter 11 reorganization plan, the San Francisco-based ...

Simplo revenues to peak in 2Q20

Notebook battery specialist Simplo Technology expects its second-quarter 2020 revenues to hit the peak for the year, judging from its order visibility, according to company chairman Raymond Sung.

Watch | Huawei webinar showcases transformation within innovation

Promoted | Here is an in-depth look at how Huawei’s research and development is reshaping how organisations and individuals connect.

USD/CAD hangs near 2-1/2-month lows post-US/Canadian data, focus remains on Trump

The USD/CAD pair held on to its softer tone through the early North American session and had a rather muted reaction to the US/Canadian macro data. Th

The Gold/Silver Ratio Begins To Trend Lower

The Gold/Silver ratio reached a new record high in March when silver tanked. The ratio has now dropped below the 100 level as silver continues to recover. Silve

Gas prices on the rise

If you haven't filled up yet, you might want to.

Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns

Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and

Ethereum Posts Breakout Rally as Analysts Set Upside Targets at $290

Ethereum could be positioned to see even further gains in the near-term, as this latest movement has provided its market structure with a serious boost.

Printing machinery maker launches UV system to disinfect everything from keys to shoes, fish, vegetables and even malls

In the wake of COVID-19, the global UV disinfection equipment market is projected to grow from $2.9 billion in 2020 to $5.3 billion by 2025

The Week In Payments: How Businesses Can Navigate The Road To Recovery

In this week's payment news: Could voice authentication, digital banking and alternate payment terms help businesses meet the current challenges?

Coles partners with Flybuys to launch Flypay | ZDNet

A payment platform giving online shoppers the chance to pay and collect Flybuys points at the same time.

Why some commercial landlords evict tenants and let properties sit vacant

Amid calls for provincial moratorium on commercial evictions, Premier Doug Ford says he doesn't understand why properties sit vacant

Coronavirus impact: Bajaj Chetak deliveries delayed

Bajaj has suspended bookings on its electric scooter and the deliveries have been delayed because of the Coronavirus pandemic.

OPPO may be closer than ever to having its own Kirin-esque series of chips

According to a new report, the mobile device OEM OPPO is making progress with its dream of constructing a team to rival Huawei's HiSilicon division. This would enable it to build its own in-house chipsets, as this company and Samsung do. The move may enhance OPPO's efficacy as a global electronics player.

Govt U-turns on royalties non-deductibility

THE taxman has decided to withdraw the earlier announced proposal to disallow tax deductibility of royalties for non-diamond mining companies.

Mandarin Oriental Taipei plans mass layoffs in June

Future of hotel in doubt, 39 hotel employees already sent home and 212 on list of next round of layoffs

Uber Jump e-Bikes Scrapped and Destroyed After Lime Deal

Outraging cycling enthusiasts.

Why Virgin Galactic Is Still Dreaming of Space Travel

Although the markets are turning positive, several fundamental factors are conspiring against Virgin Galactic.

SAVE OUR LUNGS, SAVE OUR HEART – SAVE DEHING PATKAI

 By Joanna Dawson & Saurav Malhotra,The first quarter of 2020 ushered in an economic crisis second only to the Great Depression. This is no ordinary crisis, but an ecological crisis of deforestation and wildlife-human virus transmission that has

It’s another uneventful year as aviation enters grim future

President Muhammadu Buhari prior to 2015 election promised the aviation community just one item: a new national carrier in the status of the defunct Nigeria Airways. His choice of Capt. Hadi Sirika

UK’s biggest solar plant gets the official go-ahead

The Cleve Hill Solar Park would consist of 880,000 solar panels, according to The Guardian, and have a peak capacity of 350 megawatts (MW). The solar energy generated would help the UK reach its goal of achieving net-zero carbon emissions by 2050, developers said on the Cleve Hill website.

U.S. Oil Production Rebound Off The Lows With May To Average 10 Mb/D

Shut-in oil production will start to return in June as producers receive better pricing. May production is likely to average somewhere around ~10 mb/d. Q3 2020

McLaren to reportedly cut about 30% of their employees

Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program

Big food brands sidestep retailers in pandemic

Kraft Heinz and PepsiCo become latest groups to sell online, but can direct delivery take off?

J. C. Penney Goes Bankrupt With No Recovery For Shareholders

J. C. Penney filed for bankruptcy and its restructuring support agreement includes no recovery for shareholders. It plans to split into a REIT and an operating

COVID-19 recasts internet as a utility for every home

Jorg Welters explores how the telecommunications sector has grown amid the COVID-19 crisis after broadband is perceived to be essential to surviving lockdown

The coronavirus could mark the rise of automation

The coronavirus pandemic has caused a massive surge in global unemployment. It has also highlighted the increasingly valuable role of automation in today's world.

SDF Invests $550K In SatoshiPay For B2B X-Border Solution

The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.

Amid lockdown, BBMP nets Rs 1,028 crore in property tax

The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.

Walt Disney World, SeaWorld Orlando get approval by state to reopen theme parks

Walt Disney World and SeaWorld Orlando both got the green light on Friday to reopen their theme parks over the next few weeks.

Fashion retailer PAS Group goes into administration

The company behind names like Review and JETS Swimwear has hoisted the white flag leaving 225 stores and 1300 staff in limbo.

How will consumption shape up post Covid?

With consumers confined indoors and worried about the future, health and ‘homebody’ products may be chosen over indulgences

Invesco Mortgage Capital: 3 Preferred Series Yielding Over 10%, Plus 2 Option Trades

The mortgage-backed securities market had a crisis in March, with values driven lower, and mREITs crashing in price. The Fed came to the rescue, buying billions

Finbond Group plans to sell its South African operation and delist from the JSE

Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.

DOJ sets new conditions for CPI’s acquisition of General Dynamics’ satellite antenna business

For the merger to go forward CPI must sell off its subsidiary ASC Signal Division.

Commerce Bank Grows Stock Position in Royal Caribbean Cruises Ltd (NYSE:RCL)

Commerce Bank lifted its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 116.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,292 shares of the company’s stock after purchasing an additional 6,086 shares during the period. Commerce Bank’s holdings in Royal […]

ICYMI: You will now pay stamp duty on ATM printouts, some WhatsApp messages, says FIRS

The Federal Inland Revenue Service (FIRS) says Nigerians will now pay stamp duties on WhatsApp messages acknowledging receipt of funds. 

Deposits at Marcus Increased by $26 Billion in Q1 versus Same Quarter Last Year, Meanwhile Robo-Advisor is Delayed

Goldman Sachs (NYSE:GS) has been in the Fintech news quite a bit as of late. Recently, Goldman upset Bitcoin lovers because the global investment bank claime

Tasting Australia Will Not Go Ahead in 2020

Originally shelved until October, the state’s biggest food and drink festival will now return in autumn 2021.

REX American Resources: A Poor FQ1 Earnings Report Masks Improving Conditions

Ethanol producer REX American Resources reported its FQ1 earnings for the period ending April 30 earlier this week. The report gave investors a first look at th

SNAP Stock Has Some Fundamental Issues That Should Worry You

Snap stock won't see sustained gains unless it broadens its user base, changes its monetization strategy, and markets itself outside the U.S.

Papa John’s Int’l, Inc. (NASDAQ:PZZA) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its holdings in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,979 shares of the company’s stock after acquiring an additional 3,011 shares during the quarter. First Trust Advisors LP’s holdings […]

EXCLUSIVE: Kylie Jenner could face criminal investigation and even JAIL over 'web of lies' surrounding her company's value after Forbes claimed she faked billionaire status, top financial fraud attorney reveals

Kylie Jenner could face a criminal investigation over alleged exaggerations of her company's value, financial fraud attorney Jan Handzlik told DailyMail.com.

US tops upstream oil & gas CO2 emitters list — Canada has highest intensity, Norway lowest

US tops upstream oil & gas CO2 emitters list — Canada has highest intensity, Norway lowest

Getting New Zealand Open For Business

“New Zealand is open for business, support local, back your backyard.”

GSMA, O-RAN Alliance join-up as operators tipped to jump on tech

The GSMA and O-RAN Alliance became the latest organisations to announce joint efforts to help ...

Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed

The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling

Selling My Uber To Get More Uber

A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D

Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11

MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...

Hospitality sector expects demand to pick by Q4 2020: Survey

AUD/USD retreats from 0.6680 as the markets await Trump’s conference on China

The Australian dollar has failed again to break the resistance level at 0.6680 and the pair has retreated to levels near 0.6600 as risk appetite plun

Ethiopia advises Dutch investors to diversify investments

During the webnar held on Thursday Million Samuel Ambassador of Ethiopia to the Netherlands advised Dutch Companies not to be limited in floriculture / horticulture and explore new areas of cooperation in agriculture, manufacturing, energy, ICT and service sectors as well. The Netherlands, with over 150 investments in Ethiopia, is the largest investor from European countries and accounted for the 5.23 percent of Ethiopia’s export, making it the 6th largest export destination of Ethiopian goods.

DFS reopens 88 more showrooms as lockdown rules ease

DFS reopening more branches - and with protective measures in place

Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc for delivery in June was trading lower by Rs 50 paise, or 0.32 percent, at Rs 157.45 per kg in 2,079 lots.

S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis

In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con

Mah Sing’s Q1 net profit falls to RM30.07m

KUALA LUMPUR, May 29 — Mah Sing Group Bhd’s net profit in the first quarter ended March 31, 2020 (Q1 2020) fell to RM30.07 million from RM55.01 million in the same period last year. Revenue declined to RM371.13 million from RM450.33 million previously. In a filing with Bursa Malaysia today, Mah...

Digital-only local newspapers will struggle to serve the communities that need them most

This week News Corp Australia announced the end of the print editions of 112 suburban and regional mastheads – about one-fifth of all of Australia's local newspapers. Of those, 36 will close and 76 ...

The Topsy-Turvy S&P 500 Earnings Picture

I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv

Financial help sought for new community hub

The $3.8 million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...

Financial help sought for new community hub

The $3.8million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...

CBA says crisis reinforces its X15 mission to create new start-ups

CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.

Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June

Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.

Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn

Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.

NZD/USD climbs above 0.6200 on broad USD weakness

After trading defensively and falling below 0.6200 during the Asian trading hours, the NZD/USD pair gained traction in the last hour and climbed to a

Most Read articles – Arm flagships, Bristol startup, Huawei 5G

Time once again for us to view the five most read articles on ElectronicsWeekly.com that were written in the last week, using the Web stats from Google Analytics. See what your peers have mostly been reading.

South Africa’s diesel shortage to last several weeks

A shortage of diesel fuel in South Africa will ease up in a few weeks when about 30% of its refining capacity, idled because of a drop in demand spurred by the Covid-19 lockdown, will return to service.

Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.

SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com

Cambridge Investment Research Advisors Inc. Acquires 21,040 Shares of United Continental Holdings Inc (NASDAQ:UAL)

Cambridge Investment Research Advisors Inc. raised its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 294.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,197 shares of the transportation company’s stock after buying an additional 21,040 shares during the quarter. Cambridge Investment Research […]

German Rights Body GEMA Says Strong 2019 Created 'Crisis Airbag' for Members Sidelined by Pandemic

The German copyright society GEMA carried over momentum from the previous year and increased revenues by nearly 5% in 2019.

ADB Approves $400 Million Loan to Support Philippines’ Capital Market Development

The Asian Development Bank (ADB) has approved a $400 million policy-based loan to support the Philippine government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth and poverty reduction. The Support to Capital Market-Generated Infrastructure Financing Program, subprogram 1, aims to address key constraints that have limited the […]

ANALYSIS: How SA can balance control of COVID-19 and avoid economic disaster

South Africa's management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.

FNB fraud protection – Why your online payments get declined

FNB flags certain retailers as high-risk for online payments, as well as individual transactions.

India’s oil import bill falls 10 per cent in FY 20

At least in the oil sector, the global health emergency posed by the spread of the novel coronavirus has come to the country's advantage.

IOCL Recruitment 2020: Deadline for online application for engineers, graduate apprentice extended; Details

The recruitment of engineers/officers or engagement of graduate apprentice engineers (GAEs) would be done through the Graduate Aptitude Test in Engineering (GATE) 2020.

Ugandan "Technology Associates" wins prestigious award from Oracle – Techjaja

Technology Associates, the company which has been at the helm of .... award at the just concluded Oracle Partner Executive Forum in Dubai.

TripAdvisor: Travel Rebound Play

TripAdvisor has permanently stripped out $65 million in operating expenses. Travel is starting to rebound as the CDC confirms COVID-19 pulled forward deaths of

Text Message Finance: Stackin’ Raises $12.6 Million

Stackin' has raised a $12.6 million Series B funding round led by Octopus Ventures, according to a company release. Other investors in the funding round includ

Stocks To Buy In A Post-Pandemic World

The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in

Singapore to establish AI framework for 'fairness' credit scoring metrics | ZDNet

Monetary Authority of Singapore tasks two teams, comprising banks and artificial intelligence industry players, to develop metrics that ensure the "responsible use of AI" for credit risk scoring and customer marketing.

Preliminary agreement reached in Lufthansa bailout row: source

Preliminary agreement reached in Lufthansa bailout row: source

Insider Selling: MGP Ingredients Inc (NASDAQ:MGPI) Director Sells $21,870.00 in Stock

MGP Ingredients Inc (NASDAQ:MGPI) Director Karen Seaberg sold 250 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $87.48, for a total transaction of $21,870.00. Following the sale, the director now directly owns 3,977 shares in the company, valued at approximately […]

Epistar 4Q20 operation may turn profitable, says president

Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.

CIMB appoints ex-PNB chief Abdul Rahman Ahmad as group CEO

KUALA LUMPUR, May 29 — CIMB Group Holdings Bhd has appointed Datuk Abdul Rahman Ahmad as its group chief executive officer/ executive director (CEO/ ED), as well as CEO/ED of CIMB Bank Bhd, effective June 10, 2020. In a filing with Bursa Malaysia today, CIMB Group said Abdul Rahman, who is...

Exxon Mobil: Higher Oil Prices To Recover Share Price

Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec

Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding

The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).

Gold Price News and Forecast: XAU/USD at yesterday’s high [Video]

The outlook for gold remains on a knife edge. Following the rebound from $1693 on Wednesday the market has rallied back into the resistance around the

Record global corn and wheat crops on the way

World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests.

‘Air passenger demand to plummet 47% in 2020’

Revenues likely to fall $11 bn: IATA CEO

American Savings Bank reopening 3 branches, extending hours at 12 others | Honolulu Star-Advertiser

American Savings Bank is reopening three branches and extending hours at 12 others that were all affected by the COVID-19 pandemic.

American Savings Bank reopening 3 branches, extending hours at 12 others | Honolulu Star-Advertiser

American Savings Bank is reopening three branches and extending hours at 12 others that were all affected by the COVID-19 pandemic.

Gold clings to gains near session tops, around $1725 region

Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me

Pie Insurance Secures $127 Million Through Latest Investment Round

Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the fundin

Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)

Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]

Meniga lands $9.4m from Groupe BPCE, UniCredit and Crédito Agrícola

Meniga, an Iceland and UK-based digital banking and personal financial management (PFM) software provider, has landed $9.4 million (€8.5 million) in a strategic investment round led by new backer Groupe BPCE, France’s second-largest banking group.

GBP/USD hits 2-1/2-week high, around 1.2365 region ahead of Trump

The GBP/USD pair quickly reversed a mid-European session dip to sub-1.2300 level and jumped to the highest level since May 12, around the 1.2365-70 re

Commerce Bank Boosts Holdings in Ulta Beauty Inc (NASDAQ:ULTA)

Commerce Bank boosted its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 40.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,743 shares of the specialty retailer’s stock after buying an additional 506 shares during the quarter. Commerce Bank’s holdings in Ulta Beauty […]

Gold Mining Stocks Flip From Losses To 5x Leveraged Gains

This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next

Volkswagen approves further projects in Ford alliance

Volkswagen said on Thursday its supervisory board had approved further projects in its alliance with Ford .

PruPay Building Text-Based Payments System with PayPal

Payments technology company PruPay has teamed up with Paypal to develop a text-based payments system, allowing merchants to request one-time payments from customers.

Virgin Media’s Gavan Reilly named most influential Irish journalist on Twitter

Irish Times has largest number of journalists in top 100, with RTÉ second and INM third

Apathy to farmers: AIKSSS sends memo to PM

The All India Kissan Sangharsa Samanway Samiti (AIKSSS),Odisha unit, sent a memorandum to the Prime Minister of India on continued neglect to farmers’ problems and expressing dissatisfaction over the relief packages by the Government. The Samiti demanded ‘Sampoorna Karjamukti’ (full

This Isn't A Brag, Making Money Today Was Too Easy

The pain trade is going in the direction that is the hardest which is usually where the alpha is. Today, almost every tech name I was watching was nicely in the

China ahead of India in South Asian trade and investment

The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.

'Elon Musk Is Not A Lunatic': Revisiting The Dawn Of SpaceX

With SpaceX’s historic private launch of astronauts into orbit, here is the first Forbes profile of Elon Musk from 2003, shortly after the company was founded—and five years before the first Tesla rolled off the line.

The man leading the fight for Australia's second airline

Virgin Australia has been the highest-profile victim of COVID-19. And its collapse has thrown the formerly under-the-radar Vaughan Strawbridge into the spotlight.

Tim Hortons planning next drive-thru on Boucher Road

CANADIAN coffee chain Tim Hortons is planning a new drive-thru in south Belfast amid a spike in demand for coffee-in-your-car during the Covid-19 pandemic.

Can this couple support their autistic child throughout her life while hitting retirement goals?

They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax

Westlake Chemical Corporation: Too Early To Go Long Here

First-quarter numbers were encouraging considering lower sales prices witnessed in the quarter. We like the fundamentals of caustic soda despite headwinds in Q1

Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals

The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, accordi

Texas Ranked Tenth in People Searching for Loans During Pandemic

With so many outlets being forced to close their doors during the coronavirus pandemic, a lot of people are in need of financial assistance.

New heat seam machine for sealing PPEs launched

At a time when the country was battling the spread the coronavirus pandemic, which has affected the economy, three garment firms in Tiruppur along with an engineering industry have come up with a new heat seam sealing machine used for sealing PPE units under Prime Minister Narendra Modi's Atma Nirbhar scheme. Continue Reading →

Srikakulam: Temples witness big dip in offerings amid lockdown

Covid-19 has its impact even on God as most of the noted temples lost their sheen in the wake of lockdown imposed for the last 70 days.

[Newsmaker] BTS label Big Hit gears for IPO

The South Korean music label behind K-pop sensation BTS has filed for a preliminary review for an initial public offering, according to the nation’s stock market operator Korea Exchange (KRX) on Friday. Founded in 2005 by music producer Bang Si-hyuk, Big Hit Entertainment houses BTS and other K-pop singers and bands, including Lee Hyun and Tomorrow X Together. Bang, who serves as the entertainment firm’...

Bapela concerned about social distancing at liquor outlets

From Monday, South Africans will also be able to buy alcohol but only from Monday to Thursday between 9 am and 5pm.

Burning Rock Biotech Starts U.S. IPO Effort

Burning Rock Biotech has filed to raise $100 million in a U.S. IPO, although the final figure may differ. The firm provides oncology testing and related therapy

Vietnam allows import of live pigs to cut skyrocketing pork prices

Vietnam plans to import live hogs for the first time in a bid to fight the skyrocketing pork prices in the domestic market, according to the Ministry of Agriculture and Rural Development.

GBP/USD retreats from highs near 1.2400 ahead of Trump’s conference

Sterling’s rally from 1.2230 lows has reached two-week highs at 1.2395. The pair, however, has not been able to consolidate at those levels and pulled

MTN Nigeria opens offer of N100b commercial paper issuance

MTN Nigeria Communications Plc has started its Commercial Paper (CP) Issuance, series 1 & 2 of N50 billion each,  under its N100 billion CP issuance...