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

The second cause is low productivity.

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.

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

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 ...

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

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

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

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

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.

Costco to bring back free samples next month – but it's not going to be like it was

"It's not going to be where you go and just pick up an open sample with your fingers," said Costco's CFO.

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.

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.

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.

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. 

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

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.

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

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.

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 ...

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.

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.

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

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.

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.

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.

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 […]

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

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.

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

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

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.

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 →

[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.

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.

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...

Zurcher Kantonalbank Zurich Cantonalbank Grows Position in ESCO Technologies Inc. (NYSE:ESE)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 29.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,932 shares of the scientific and technical instruments company’s stock after purchasing an additional 440 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ESCO Technologies were worth […]

Australian Small Business and Family Enterprise Ombudsman Kate Carnell answers your questions

Small businesses are hurting, but stepping up to play their part in the nations post-COVID recovery. Australian Small Business and Family Enterprise Ombudsman Kate Carnell was online today to answer readers questions.  

Learning From The Ups And Downs Of The Stock Market

Thus far in 2020, the stock market has experienced daily moves of 1.5% or more (up or down) 43% of the time. Of the 100 trading days thus far in 2020, 53 have b

MetaTrader 5 Platform Updated with Negative Price Capabilities

MetaQuotes announced this Friday, that it has rolled out a series of updates to its MetaTrader 5 platform, including adding negative price capabilities.

South Wales pharmacy launches coronavirus-killing hand sanitiser

Health Plus has produced the hand sanitiser using the highest-quality, locally-sourced materials

Costa Group CEO Harry Debney to bow out

After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.

SaaS Moats And Key Factors, With Industry Veteran Justen Stepka (Podcast)

We continue to follow the software as a service sector and the impact of the work from home world, but this time with an outside perspective. Justen Stepka, a t

An entire 18th-century Swedish village is selling for $7 million. Here's a look inside the historic spa town.

A Swedish doctor founded Sätra Brunn in 1700 to share its pure and "healing" mineral water. The village has been a wellness destination since.

Entrepreneurs, Look to Your Network to Help You Through the Pandemic

There’s strength in numbers.

Vietnam’s Development Strategy for Next Decade Must Put Productivity Growth Front and Center

A productivity-driven development model–combining innovation with balanced development and allocation of private, public, human and natural capital–will be key for Vietnam to achieve its goal of becoming a high-income economy by 2045, a new World Bank report suggests. The “Vibrant Vietnam: Forging the Foundation of a High-Income Economy” report, launched today, comes as the Government […]

How automated communications can enhance customer engagement & brand loyalty [Sponsored]

Technology can drive dynamic content campaigns, at scale, while marketers embrace a more strategic role. Marketers have long since identified the importance of strategic...

Tracking Robert Karr's Joho Capital Portfolio - Q1 2020 Update

Robert Karr's 13F portfolio value decreased from $671M to $386M this quarter. Joho Capital decreased Microsoft, Global Payments, and Floor & Decor Holdings duri

Here's a derivative strategy on Tata Motors by HDFC Securities

Long build up was seen in the Tata Motor Futures' on Thursday where we have seen 67% (Prov) rise in the Open Interest with price moving up by 2.9%.

FTC approves Hyundai Oilbank-SK Networks merger

South Korea’s antitrust watchdog has approved Hyundai Oilbank’s plan to take over SK Networks’ gas station business, officials said Friday. Upon the approval, Hyundai Oilbank has become the second-largest in the industry in terms of the number of gas stations as it has acquired 306 SK Networks gas stations. SK Energy remains number one. The oil refining firm signed a contract with SK Networks to ...

Big firms lend hands to COVID-19 fight

The world faces unprecedented challenges brought by the coronavirus disease (COVID-19) pandemic.  It has changed the way communities, governments and businesses function, underscoring the importance of healthcare and public-private sector collaboration to help all communities affected by the crisis, especially those most vulnerable.  Providing unwavering assistance to the Filipino community, some of the country’s largest companies have joined the fight against COVID-19 in various and equally crucial ways. SM Group  The SM group of companies has donated over P170 million for medical sup-plies for hospitals combatting COVID-19 nationwide. The donation includes personal protective equipment such as suits, face shields, gloves, N95 and sur-gical masks and goggles, among others.  It is also shifting its focus to digital channels in order to ensure the continuity of its programs. The group has various efforts in the education, agriculture and healthcare as well as partnerships with brands like Goldilocks and Uniqlo…

Parliament passes bill to regulate mobile money transactions

Kampala, Uganda |  THE INDEPENDENT |  Parliament has passed a Bill providing for supervision and oversight of mobile money transactions. This approval followed the adoption of Parliament’s Finance Committee report in a plenary sitting chaired by Speaker Rebecca Kadaga. The approved legislation, the National Payment Systems Bill, 2019 is envisaged to provide a comprehensive payment system law whose …

Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)

Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]

Security Selection Rebalancing

Historic moves in both equity and fixed income markets during the first few months of the year have triggered investors to rebalance asset class allocations. Mo

Property investor IPUT increases revolving credit facility by €50m

IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.

Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays

CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.

-$0.11 Earnings Per Share Expected for LivePerson, Inc. (NASDAQ:LPSN) This Quarter

Equities research analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for LivePerson’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). LivePerson posted earnings of ($0.20) per […]

IPhone 11 Most Popular Smarty

SAN FRANCISCO: And the world’s most popular smartphone is …. (drum roll). You guessed it, another Apple, the iPhone 11 to be correct.

Lockdown shuts 8 companies for good

EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.

Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations

Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.

Bears Trade By Day, Bulls By Night

Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn

South Africa’s trade balance swings to R35bn deficit in April

Imports were down 6.5% to R88.03 billion

‘The recovery needs to be a full-scale economic renewal’

Top economist Mariana Mazzucato on ‘doing economics differently’ in a post-Covid-19 world

Beginners Guide to Proton Chain: A Bridge to Traditional Banking

Proton started as a joint venture between two separate companies, Metal, and Lynx. Both companies had a similar vision of bringing cryptocurrencies to everyday consumers.

VIXM: Here's Why It Is Likely Going To Keep Dropping

VIXM has had a strong year due to the historic rally in the VIX. VIXM tracks the Mid-Term VIX Futures Index, which allows it to reduce roll yield at the cost of

Middleby's Premium Is Gone, But Longer-Term Demand Destruction Is A Real Concern

Covid-19 is hammering the foodservice industry, leading to a 9% organic decline in Commercial Foodservice revenue in Q1, and orders have declined sharply in Apr

EXCLUSIVE: Staff to be made redundant at Tayside manufacturer after slump in orders

A Tayside manufacturer is to make dozens of people redundant as Covid-19 has resulted in a slump in orders.

Origin turns to gaming to fend off disruption

Origin Energy has teamed up with a computer game platform to offer customers rewards, one of several innovation strategies to keep ahead of a rapidly changing market.

Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy

Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc

Managed money betting on big crops

A fast start to the planting season and a lackluster export market have prices for row crops trading mostly sideways over the last month and weaker since the beginning of the year.

Commerce Bank Buys 847 Shares of Bank of Montreal (NYSE:BMO)

Commerce Bank increased its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,903 shares of the bank’s stock after purchasing an additional 847 shares during the period. Commerce Bank’s holdings in Bank […]

Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate

MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]

Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs

Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin

Total shareholders reject motion to boost climate credentials

PARIS (Reuters) - A majority of French oil major Total’s shareholders have rejected a resolution by a group of investors aimed at changing the company’s statutes to do more to meet its obligations under the 2015 Paris climate accord.

Virgin Australia's administrator to shortlist two bidders early next week

Virgin Australia's administrator to shortlist two bidders early next week

Sonalika Tractors introduces intelligent ventilator systems to support Covid patients

Country's one of the leading tractor manufacturer and known for its technology specialisation, Sonalika Tractors has introduced intelligent Ventilator Systems for manufacturing ventilators to support the patients affected from the global contagion coronavirus. The company has specially designed

Economic Update: Exports to China could fall by 46% – 40 million unemployed in US – international community needs to revisit finance goals

29 May According to new UNCTAD research, Global exports of commodities to China could plunge by $15.5 billion to $33.1...Read More...

Striking Gold: this villa style Victorian red brick in D7 will play tricks with your perception

If it looks tiny, with just a front door and a single window visible from the street, the villa style Victorian red brick at 50 Goldsmith Street is very deceptive indeed. At 1,130 sq ft inside, it's slightly bigger than the average three-bed family home. It needed that space back in 1901 when professional children's nurse Mary Jane Parks lived here and boarded seven children under the age of eight in addition to her own family and two paying lodgers. A dozen people are recorded as being present in the house in that year's census.

Blockchain.com Rolls Out Bitcoin Interest Accounts

Blockhcian.com, one of the early crypto wallet platform, has rolled out interest-bearing accounts for deposited digital assets.

You can now get a delivery even if supermarkets have no slots free

The service allows you to get someone else to do your shopping and bring it to your house

Ardagh to repay debt as it raises $715m in bond sale

Glass and metal container group led by Paul Coulsen operates facilities in 12 countries

Gold Price Analysis: XAU/USD pulls away from daily highs, trades above $1,725

The troy ounce of the precious metal advanced to a fresh daily high of $1,733 during the early trading hours of the American session but struggled to

Creating infra worth Rs 2,209 cr in industrial parks: TSIIC Chairman

TSIIC Chairman Gyadari Balamallu said the State government was developing world class infrastructure worth Rs 2,209 crore in all industrial parks in the State.

New York Community Bancorp: Nice Little Trade

While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State

Tractor Supply (NASDAQ:TSCO) PT Raised to $138.00

Tractor Supply (NASDAQ:TSCO) had its price target boosted by analysts at Royal Bank of Canada from $116.00 to $138.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.99% from the stock’s current price. A number of other equities analysts also recently commented on […]

Here’s what R120 million buys you – now that real estate can operate at level 3

The real estate industry will resume operations under level 3 lockdown on Monday, 1 June.

China-led AIIB approves $750-million loan for PH's virus response

The loan from the Beijing-based multilateral lender will be used to increase the Philippines' testing capacity and provide conditional cash transfers to poor households

RBI fines Karnataka Bank

Karnataka Bank has informed the stock exchanges that Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.20 crore on it for divergence in respect of non-performing assets (NPAs) and non-a

Deere - Fairly Valued In A Challenging Environment

John Deere is feeling the capex slump induced by the Covid-19 crisis. Worrying is not just the fall in sales, yet pressure on the sizable financial business as

Spotify: Don't Buy The Rogan Rally

The ad-supported segment of the company lost money in Q1. Podcast usage is lagging all other media while streaming surges from stay-at-home orders. User growth

Planned Tasley garden village could include doctors' surgery

A proposed garden village development near Bridgnorth could contain a small doctors' surgery.

Committee for Ballarat webinar explores economic recovery post COVID-19

While the path to economic recovery from the coronavirus pandemic remains uncertain, leaders are looking to identify and capitalise on new opportunities for regional Victoria.

June 2020 week one fuel price – RON 95 goes up to RM1.43, RON 97 to RM1.73, diesel up 10 sen to RM1.61

Another Friday, which means its time for the regular weekly fuel price update. Not so pleasant news yet again for motorists as fuel prices continue on an

High Tech's Vital Role In The Fertility Of Agribusiness

The advancements made in just the past decade have completely revamped agribusiness.

Davines Group’s President on ‘Being There’ in Moments of Need

Giving voice to hairdressers and beauty operators, Davide Bollati has been instrumental in getting the Italian professional industry running.

Integra Lifesciences Holdings Corp (NASDAQ:IART) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of Integra Lifesciences Holdings Corp (NASDAQ:IART) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,604 shares of the life sciences company’s stock after selling 1,344 shares during […]

Australian clothing retailer PAS Group enters voluntary administration

Australian clothing retailer PAS Group Ltd on Friday said it had entered voluntary administration to review its operations, citing the tough financial market conditions and the crisis caused by the coronavirus pandemic.

Mackay Shields LLC Increases Holdings in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)

Mackay Shields LLC lifted its position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) by 16.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,822 shares of the biopharmaceutical company’s stock after purchasing an additional 9,200 shares during the period. Mackay Shields LLC owned 0.12% of Vanda Pharmaceuticals […]

Mohandas Pai to chair IBBI advisory committee on service providers

Bharti Infratel Chairman Akhil Gupta, Raksha Shakti University Director General Bimal N Patel, CSB Bank MD and CEO Chinna Veerappan Rajendran, former Sebi ED J Ranganayakulu, former Deloitte India Chairman P R Ramesh and Indian Institute of Corporate Affairs DG and CEO Sameer Sharma are among the members.

US Pres. Trump weighing sanctions targeting China's financial sector – Bloomberg

US President Donald Trump is weighing sanctions that target China's financial sector through sanctions and trade policy over Hong Kong, Reuters report

AUD/USD bulls flirt with 200-DMA, around 0.6660 region

The AUD/USD pair climbed to session tops, around the 0.6660 region in the last hour, with bulls making a fresh attempt to extend the momentum beyond t

EUR/USD climbs to 2-month tops beyond 1.1100

The upside momentum in the shared currency remains everything but abated on Friday and is now lifting EUR/USD to fresh tops in levels beyond 1.1100 th

Ethiopia secures $122 million from industry parks

The income has increased by 32 percent from same period the previous year, according to Lelise Neme, CEO of Industrial Parks Development Corporation the state agency in charge of building and managing industrial parks in Ethiopia. Built by the government focusing maily on jobs creation and boosting export earnings, industrial parks in Ethiopia are currently engaged in manufacturing of apparels, textiles and garment. One park (Bole Lemi -1) is dedicated for pharmaceuticals manufacturing.

Mackay Shields LLC Invests $640,000 in MarineMax Inc (NYSE:HZO)

Mackay Shields LLC purchased a new position in MarineMax Inc (NYSE:HZO) during the first quarter, HoldingsChannel.com reports. The fund purchased 61,400 shares of the specialty retailer’s stock, valued at approximately $640,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in MarineMax […]

Kersia acquires Holchem to become Europe’s second biggest food safety company

Biosecurity and food safety company Kersia has acquired UK-based Holchem from Ecolab in a deal that will see it become Europe’s second largest food safety company.

Rajat Kakar appointed Managing Director of Sony Music India

Sony Music Entertainment today announced the appointment of Rajat Kakar as Managing Director of Sony Music India. In this role, Kakar will be based in Mumbai and will report to Shridhar Subramaniam, Sony Music Entertainment’s President, Strategy and Market Development, Asia and Middle East. Kakar will continue to drive the company’s strategies focused on growing […]

World's largest electric plane takes 28-minute first flight

May 29 (UPI) -- The world's largest all-electric aircraft took off from a Washington state airstrip for its first flight, staying in the air for 28 minutes, the plane's makers said.

Smiley Monroe resumes production at reduced capacity

LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.

Laredo Petroleum announces new board chairman as part of long-term transition plan

TULSA Laredo appoints chairman Laredo Petroleum, Inc. recently announced it has appointed independent board member William Albrecht as its chairman. Albrecht, who serves on the board’s compensation and nominating and corporate governance committees, succeeded Randy Foutch on May 14. "Bill's appointment as chairman fulfills Laredo's prior commitment to separate the roles of chairman and chief executive officer and (to) name an independent chairman," stated Bill Scoggins, who chairs the board’s nominating and corporate governance committee. "His extensive energy industry background and leadership experience will be instrumental in providing guidance to Laredo's leadership team in these unprecedented

COMMENT: New forex retention ratio for gold miners should spur them on

The gold mining industry got what it had been calling for when on Tuesday, the Government increased the foreign currency portion the miners retain after selling the metal to Fidelity Printers and Refiners (FPR). Gold is the country’s top foreign currency earner but for years the hard currency earnings had not been cascading in satisfactory amounts down to those who really generate it. They had been complaining that much of the equipment they need to produce optimally is imported, thus has to be paid for in foreign currency which they didn’t have. It indeed was ironic that having worked so hard to produce the country’s biggest foreign currency earner, the miners didn’t have the foreign currency themselves. They had to queue for long periods for the cash at the Reserve Bank like everyone else, including those that don’t generate any hard currency. Often, the gold miners failed to get it. Their businesses suffered as a result. But their sustained lobby bore fruit on Tuesday. FPR increased the retention threshold…

Should Tesla Start Advertising?

Tesla shareholders are scheduled to vote in July on whether or not the brand should start advertising product like every other automaker on the planet. It’s something the board and CEO Elon Musk have long resisted, and not without good reason. As a car brand, Tesla probably enjoys more free publicity than anyone else. Musk […]

Creating Value Through Digital Transformation

Surviving the most challenging economic conditions since the Great Depression, and thriving once the pandemic eases, requires flexible and imaginative thinking and the ability to manage the innovation process.

LG Joins Google, IBM, Boeing in Hedera Hashgraph’s Governing Council

International giant LG Electronics joined the Hedera Governing Council. The inner company body is set to deal with and oversee the governance of the

No, Luckin Coffee Is Not 'Too Cheap'

LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh

Nottingham council suspends tendering new contracts worth £25 million over coronavirus

“The current COVID situation means we wouldn’t be able to successfully run a re-tendering exercise"

SA's credit growth slows to 7.37% year on year in April

Expansion in the broadly defined M3 measure of money supply quickened to 10.47% in April from 9.49% in March.

SA’s credit growth slows to 7.37% year on year in April

M3 quickens to 10.47%.

Rent Arrears Cases Almost Tripled During Pandemic

Three times as many people are reporting rent arrears during the pandemic.

Indian IT firm Wipro names Thierry Delaporte as CEO

BENGALURU — India’s Wipro Ltd on Friday named Thierry Delaporte as chief executive officer and managing director of the company, effective July 6, 2020.

Vietnamese dairy firm Vinamilk enters S. Korea

Vietnamese state-run dairy giant Vinamilk has entered South Korea to meet growing demand for premium milk products, Vina Korea said Friday. Vina Korea, a Korean company set up by five local distribution firms for the sale of Vinamilk products, began to sell milk tea, soybean milk and condensed milk-based coffee products in the Korean market through online stores Thursday, Vina Korea Chief Financial Officer Yun Yo-wa...

Japan's Nishimura says Industrial Production is in severe condition

Japan's economy minister Yasutoshi Nishimura said a few minutes before press time that the country's industrial production is in severe condition, par

Vestager says she is not placing extra hurdles in way of Lufthansa bailout

BRUSSELS — EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa’s $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.

National's first economic policy under Muller's leadership: A $10k cash payment to businesses for every new full-time hire - payment capped at $100k

National's first economic policy under Muller's leadership: A $10k cash payment to businesses for every new full-time hire - payment capped at $100k

FIRS: The burden of leadership - The Nation Nigeria

But those who wear the crown know where it hurts. So it is with the leadership of the Federal Inland Revenue Service (FIRS) at....

Less waste helps city rivers rejuvenate

SHILLONG: As commercial activities decrease due to the lockdown, major rivers in the city like the Wahumkhrah and the Umshyrpi are showing signs of improvement in water quality.Speaking to The Shillong Times, Member Secretary of Meghalaya State Pollu

The Witcher Series Tops 50 Million Sales

Insert "toss a coin" joke here.

Telstra divides and conquers NBN

History doesn’t repeat but it sure does rhyme.

What Could Kill My New York Bookstores?

It won’t be Amazon or the coronavirus. It will be artificially high rents.

Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt

Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved

Wellness company to create 100 jobs with Cork City plant

Doterra’s European manufacturing HQ will be located in the northern suburbs of the city

Lynas forced to defend disclosure on US military funding

Amanda Lacaze-led Lynas knew the US Department of Department process was on hold in April but she did not alert the market until May 22.

Mediaset SpA And KKR & Co. Inc. Might Partner To Acquire ProSiebenSat.1 Media SE

KKR & Co. Inc. has built a 5.21 percent stake in ProSiebenSat.1 Media SE which makes it the third largest shareholder. Mediaset SpA has increased its stake to 2

Don't Go All Negative On Me

Given the current state of the U.S. economy and the prior dislocations in the money and bond markets, there has been an increasing amount of chatter regarding w

COMESA: 630 million people living without electricity

COMESA region currently has the lowest electricity generation with approximately 630 million people living without reliable access to electricity and 790 million people forced to rely on solid biomass to cook their food and heat their homes. Studies show that about 1.3 billion people worldwide still lack access to modern energy. However, the situation is worse in the developing economies, where more than 70% of their people lack access to modern energy and 89% or more still rely on traditional biomass as the primary source of energy. Sub-Saharan Africa’s energy systems face an enormous challenge. Significant improvements have in the recent year been made in the generation capacity with the coming on stream of major power generation projects in many countries of Eastern Africa-Southern Africa-Indian Ocean region. These have been supported by various programmes such as the Project on Enhancement of a Sustainable Energy Market in Eastern Africa-Southern Africa-Indian Ocean Region (ESREM), funded by the European…

Robinhood Names Surabhi Gupta as VP of Engineering

Robinhood has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.

EOG Resources: The Three Wise Monkeys

Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,

Rush expected for Queen's Birthday travel

Bubbles are bursting. This story was first published by RNZ Local tourists are hitting the road this weekend to reclaim some of the country's best...

EU Lawlords Put O2 and Three Merger Back on the Cards

The European Court of Justice has thrown out an earlier European Commission antitrust ruling that barred mobile giants O2 and Three from merging, freeing parent companies Hutchison and Telefonica to have another shot at synergising at boardroom level should they remain pumped for that sort of thing.

Redesigning business processes for contactless operations

Blog » As the world fights against Covid19, businesses are desperately struggling to cope and sustain in the rapidly evolving commercial landscape. Long-lasting

Tech Firm Weighs In With A Solution As RBZ /Ecocash Fight Reaches Crescendo

An African tech firm FlexFinTx has pledged a solution that can potentially end the tension between financial regulators and the regulated entities.

ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels

Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows

Prices of certain imports such as rice ‘expected to rise’

Bonakele says although prices of essential goods spiked as a result of panic buying, they have since stabilized.

Banking’s long divorce process

Banking, like any other business, is about two things: products and customers. So, it is no surprise that every incumbent core banking vendor manages these two aspects in their platforms. Although each has their own lifecycle, it is the product lifecycle that vendors focus hardest on.

Wale Jana sends heartfelt apology to his investors

Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money

Trexquant Investment LP Has $499,000 Holdings in Clean Harbors Inc (NYSE:CLH)

Trexquant Investment LP raised its stake in Clean Harbors Inc (NYSE:CLH) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Trexquant Investment LP’s holdings […]

Snowballs set to fly as the trans-Tasman ski wars begin

Ski resorts across both sides of the ditch are scrambling to make social distancing work.

Energy Transfer: Showing The Strength Of The Midstream Model

Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul

Measure vs. pandemic threats to FIs approved

A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.

Universal super transcends pandemic

New Zealanders are braced for months, perhaps years, of changes in the way they and their Government spend their money. The coronavirus pandemic...

Labrador Gold announces private placement to raise $3.5m

Canadian mining company Labrador Gold has announced that it intends to complete a non-brokered private placement to raise CAD3.5m ($2.54m).

Heralding a new era for agriculture

While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge

Govt, industry target 20% cut in plastic use

The South Korean government announced Friday it will work with packaging and delivery sectors to cut 20 percent of their plastic use. The Ministry of Environment said that it has signed an agreement with the Korea Plastic Packaging Container Association, Baedal Minjok (Baemin), Korea Franchise Association and the Korea Zero Waste Movement Network to work together to reduce the amount of plastic used in food and beve...

Libertex Parent Pays €160,000 to Settle Violations with CySEC

The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.

A low carbon future with district heating solutions

S Richmond explores ncertainty surrounding traditional fossil fuel heating systems, and how companies are implementing district heating solutions

Hoegh LNG Holdings Ltd. (HOLHF) CEO Sveinung J.S. on Q1 2020 Results - Earnings Call Transcript

Hoegh LNG Holdings Ltd (OTC:HOLHF) Q1 2020 Earnings Conference Call May 28, 2020 03:00 AM ET Corporate Participants Sveinung J.S. - CEO Håvard Furu - CFO Presen

USD/JPY off lows, still in the red below mid-107.00s ahead of Trump

The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near two-week lows, just above the 107.00

The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target

A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.

Breaking: SC of The Bahamas to Implement Massive Regulatory Changes

The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.

Dunedin's Kmart delays reopening

Dunedin's Kmart store remains closed after apparently changing its mind about an opening date at the last minute. Earlier this week Kmart's New...

Deep Dive: Offering An End-To-End Experience Through ATMs

This Deep Dive explores the latest ATM banking innovations and credit unions' redefined roles as COVID-19 restrictions alter their relationships with members.

North American Fintech Firms have Better Access to Regulatory Sandboxes because of United-States-Mexico-Canada Free Trade Agreement: Report

More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-bo

Covid-19’s Attempt To Snuff Out African Tobacco Is Going Up In Flames

At the end of March, South Africa had imposed the most severe and controversial lockdown in Africa. To add to its combating efforts against the coronavirus, the nation included a ban on the sale of alcohol and tobacco. The effects rang throughout Southern Africa, the unofficial capital of the continent’s tobacco business. In as much as Covid-19 presented a challenge for the industry, there is reason to believe that the later would be greater than the present. Developing Africa has become an attractive market for the tobacco industry due to its increases in its income, growing population size, foreign direct investment (FDI), and improved life expectancy. A Ban That Backfired South Africa plans to ease its nationwide lockdown as from June 1, allowing limited alcohol sales and the reopening of bars. But, the government does not show signs of lifting the ban on tobacco products like vapes and snus.

easyJet's cost-cutting may be misguided as international arrivals expected to return to 2019 levels by 2021, says GlobalData

Following easyJet’s announcement that it plans to reduce its fleet, staff and operational costs amid the COVID-19 crisis, John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “With travel in Europe almost at a standstill, trimming costs is a necessity in the short term. However, easyJet’s latest announcement stems from management’s belief that travel demand will not return to pre-COVID levels until 2023.There is an element of risk here because demand could return

Securities Commission of Malaysia: Clone Scams are on The Rise

The Securities Commission of Malaysia warned to the investing public today that fraudsters are trying to trick investors via clone firms.

COVID-19: CBN introduces regulatory forbearance for financial institutions

the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020

Endeavour receives shareholder approval for Semafo merger

Endeavour Mining has announced that its shareholders have voted “overwhelmingly” in favour of its acquisition of Semafo, which was announced in March.

How Will Africa Fare After COVID-19? By Haleed Sulemana

The African Free Trade Area Agreement (AfCFTA) that would see African countries trade within its borders without priority to Western countries should be fast-tracked and made operational. This will allow the African Union and other African sectors to easily assert their agency globally.

Rhumbline Advisers Buys 153,817 Shares of Coty Inc (NYSE:COTY)

Rhumbline Advisers boosted its stake in shares of Coty Inc (NYSE:COTY) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,118 shares of the company’s stock after purchasing an additional 153,817 shares during the quarter. Rhumbline Advisers […]

Nonprofit snow cone stand expands into Bricktown

Sasquatch Shaved Ice, a snow cone stand managed by the Homeless Alliance that employs low-income and transition-age youth, is opening a second location in Bricktown this summer. The new stand will be inside of a revitalized shipping container and located on the corner of Reno and S Mickey Mantle Drive across from the Chickasaw Bricktown Ballpark, according to a press release. “We thought this will be a really cool opportunity,” said Whitley O’Connor, program manager for Sasquatch Shaved Ice. “We are welcoming in a lower-price option and welcoming our youth into a vibrant and fun business district. We are hoping sales will be really good as well. “We’re excited.

Mackay Shields LLC Buys Shares of 1,283 Chemed Co. (NYSE:CHE)

Mackay Shields LLC acquired a new position in Chemed Co. (NYSE:CHE) in the 1st quarter, Holdings Channel.com reports. The firm acquired 1,283 shares of the company’s stock, valued at approximately $556,000. Several other large investors also recently bought and sold shares of CHE. Great Diamond Partners LLC purchased a new stake in shares of Chemed […]

USD/JPY drops to near 2-week lows amid escalating US-China tensions

The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea

Did Gold Do Better Than The Markets? (2020)

Gold sellers are touting a 7 year high in gold.

Certified Irish Angus launches new campaign to better connect with consumers

Certified Irish Angus has revealed a new brand identity and launched a new campaign to better connect with consumers of Irish beef.

Number of South Korean budget phone users continues to fall in March

The number of budget smartphone users in South Korea continued to drop in March with its market share threatening to sink below the 10-percent mark, data showed Friday. Local subscribers to so-called mobile virtual network operators (MVNOs) numbered 7.61 million as of the end of March, down 0.6 percent from the previous month, according to the data from the Ministry of Science and ICT. MVNOs rent networks from the ...

IPC maker DFI to deepen deployments in AIoT, 5G

IPC maker DFI, an affiliate of Qisda, saw its revenues for the first four months of the year shoot up 41.86% on year to NT$2.862 billion (US$95.40 million), the highest for the same period on record, and it will step up deployments in AIoT and 5G applications, according to company sources.

Global DMC Partners releases latest Meetings & Events survey results

WASHINGTON, D.C. – Global DMC Partners (GDP), a leading global network of independently owned destination management companies (DMCs) and creative event experts, announced the results of its most recent Meetings & Events Pulse Survey, focusing on the widespread impact of the COVID-19 global pandemic to the MICE industry. Conducted April 27 through May 4, 2020, the survey polled 374 respondents from the meetings and events industry. Of these, 93 percent were planners versus vendors or suppliers. While the survey touched

Billionaire sells $70M Hamptons mansion for massive discount

Investor Barry Rosenstein sold an East Hampton mansion, which originally had been listed for $70 million, at a steep discount.

Please, Keep Artificial Intelligence From Becoming Another Out-Of-Touch Bureaucracy

Successful companies thrive on spontaneity, serendipity and spirit — not mechanized, robotic decision-making, Seventy percent of all AI projects need to be about human collaboration.

Bank of Russia to Develop Digitial Mortgage on Blockchain Platform

Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project.

Shinola to Launch ‘The Champ’ Watch to Honor Health-care Workers

The multicolored, limited-edition timepiece was originally planned to launch during the Summer Olympics.

TMX Group: A Consistently Growing Dividend

TMX Group operates the Toronto Stock Exchange and the TSX Venture Exchange. Higher volatility levels should result in a strong Q2 (on the back of an improved Q1

The release of private motorists breathes life into the fuel industry

Fuel station proprietors countrywide have got smiles on their faces following the resumption of private cars on the road.

CREATE bill passage to instantly benefit biz

Passage of the proposed Corporate Recovery and Tax Incentives for Enterprises Act bill until the Senate’s session on June 3 would benefit the business sector starting July 1.

Oil and gas geopolitics and its end

Let us see how oil barrel prices have really fluctuated in recent weeks: in April, in fact, the European and Asian Brent benchmark, in parallel with the US West Texas Intermediate (WTI), decreased by about 1 U.S. dollar per barrel a day.   The WTI, however, is a mixture of different light and sweet American crude […]

The 9 Best Cheap Stocks to Fill Up On Now

Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.

COVID-19 (Coronavirus) Plays To Benefit As Economies Reopen

Countries all over the world are now reopening their economies, a brief review. Country by country update on coronavirus statistics. Country ETFs, sector ETFs,

Aussie credit growth screams deleveraging

Via the excellent Damien Boey at Credit Suisse:

Amazon Faces A Brand New World

The top end of our fair value estimate range for Amazon stands at $2,465 per share. In this article, we cover our revenue, EBITDA, net operating cash flow, and

Access Bank plans more loans for health care - The Nation Nigeria

Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...

TSB partners with Adobe and saves on 15,000 branch visits

TSB Bank has partnered with Adobe to shift 80,000 customer interactions to digital channels over the last eight weeks in a bid to alleviate pressure on its customer service teams during the pandemic.

Gender inclusion, the Infosys way

Technology majors are at a huge advantage if they are able to understand how a cross-section of people tend to engage with their technology. With today’s consumer base more diverse and heterogeneous,

Lagos reforming physical planning to boost services

Lagos State has said it will institute reforms to boost physical planning and instil public confidence as part of the ease of doing business...

Unique ETFs With Downside Protection | Part 1 - SWAN ETF

SWAN ETF is a means of participating in the upside of the S&P 500 (not by 100%) while limiting your downside significantly. Think of this as a treasury fund wit

Millions vulnerable to poverty although world does not suffer food shortage: IFAD

According to the World Food Programme, 265 million people would suffer from hunger by the end of this year due to the coronavirus pandemic.

Quarantine students in Queenstown plan backed

The Southern Institute of Technology (SIT) chief executive is talking to Queenstown’s mayor to make it the "quarantine capital" of the South Island...

3M: Don't Buy This Dividend King And No, COVID-19 Is Not To Blame

MMM is a Dividend King with a 61-year streak of increasing dividends and has been a dividend growth investor favorite. First-quarter results were acceptable and

Datalogic Makes Investment in AWM Smart Shelf

The deal positions Datalogic for growth into new technology areas.

Mthuli Ncube in catch-22 situation

THE provision of subsidies to small-scale gold miners in defiance of advice from the International Monetary Fund (IMF) has left the government in a quandary ami...

Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]

New online hub to help regional Aussies 'make the most' of what tech is available | ZDNet

A tender for the online hub has been published, 18 months after the recommendation was made.

PNC Financial Services Group Inc. Acquires 13,408 Shares of Woodward, Inc.Common Stock (NASDAQ:WWD)

PNC Financial Services Group Inc. raised its holdings in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 207.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,871 shares of the technology company’s stock after acquiring an additional 13,408 shares during the quarter. […]

Work from home set to become new norm for BPO sector

WESTERN BUREAU: Some of the leading developers of space in western Jamaica are now taking a wait-and-see attitude towards the COVID-19 sparked work-from-home (WFH) arrangement, which some outsourcing firms are expressing an interest in expanding....

Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit

KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...

Marqeta lands $4.3bn valuation thanks to mystery investor

Marqeta, the California-based card-issuing platform, has landed $150 million from an undisclosed investor, valuing the company at $4.3 billion.

Electricity distribution operators survived COVID-19 emergency

Electricity distribution operators successfully kept lights on for the world during the lockdowns imposed in the initial stages of COVID-19 emergency.

A Few Safe-Haven REITs To Help You Sleep Well At Night

This isn't the financial crisis. It isn't the dot.com crash before that. Nor is it the Great Depression. So, we have to treat it differently.

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.

Mortgage repayment cliff beckons

A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:

Dow, ArcelorMittal, Yara and more join cross-border carbon-capture consortium

Capturing CO2 then reusing it or storing it underground is one way to meet climate targets. Under the wings of Smart Delta Resources, a cross-border consor

'McLovin it': McDonald's to reopen East Kilbride drive-thrus next week

The fast food favourite will announce which Golden Arches branch is reopening only on the morning that service is resuming in order to manage demand.

Bithera to Launch Cryptocurrency Exchange and Start BHC Staking Program on May 30th, 2020

With the rapid growth of Bitcoin and thousands of other digital currencies, in just over 10 years, cryptocurrency has become a “fever” that attracts many technology engineers and investors worldwide. It only takes one opportunity of owning some virtual currencies such as Bitcoin, ETH, XRP, BNB, etc. for your assets to increase unlimitedly to thousands, even millions of times.

Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting

Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules

Blame it on virus: Future tense for farmers in distress

Progressive farmer from Mysuru loses hope on getting back his money invested in Cavendish and Zarbera cultivation By Y.D. Shekar With the nationwide lockdown for over two months, farmers who cultivated vegetables, flowers and fruits are facing massive distress due to disruptions in supply chains of the agriculture sector. Higher costs of harvesting and transportation,...

Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil

Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to

Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer

Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill

Video | Cement companies report concrete gains despite weak volumes in Q4

Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and logistics costs

Energy Commission to hold competitive bidding process for LSS photovoltaic plant development

PUTRAJAYA, May 29 — The Energy Commission (EC) will hold a competitive bidding process to select a company or a consortium for the development of a large-scale solar (LSS) photovoltaic (PV) power plant costing RM4 billion in Peninsular Malaysia with a target capacity of 1,000MWac. The EC, in a...

SEC de-registers 84 inactive stockbrokers, outlines Uduk’s scorecard

The outgoing Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, yesterday, presented her

Off the News: Getting a haircut will be different; Big batteries for Hawaiian Electric | Honolulu Star-Advertiser

Getting a haircut will be different

ANALYSIS: How 12 years of unethical practices stunted growth of Nigeria’s solid minerals sector

The Nigerian mining sector is bedevilled by a number of problems, chief among which are shady practices that have been identified by NEITI audit reports.

US: Surprised drop in continuing claims intensified the greenback retracement

Initial Claims added 2.1 million, the lowest in 10 weeks while Continuing Claims fell 3.86 million in the previous week. The US dollar is losing groun

New Recycling Consortium an Open Call to Curb Textile Waste in Philly

Recycling start-up Retrievr makes an open call to fashion brands to partake in the recycling journey in Philadelphia.

Weekly Sentiment Indicators Improving

33.07% of respondents in AAII's weekly sentiment survey reported as bullish this week, up from 29% last week. After the 1.17-percentage point decline to 42.13%

Plus500 Share Price Continues to Fall, Repurchases 22.5K Own Shares

Plus500 continues its share buyback program, with the company announcing via a regulatory filing that it has purchased 22,500 of its own ordinary shares.

New Zealand Institute of Architects welcomes changes to building consent process

The Institute of Architects welcomes changes to the Building Act to ease consenting costs for homeowners.

Worldwide Online Gambling & Betting Market Is On the Rise

In the recent past, online gambling’s popularity has been on the rise. Technological advancements and increased use of smartphones have played a significant role in the increase in gambling. These two factors have enabled more people to access casinos online.  It is estimated that there are more than 1.6 billion punters around the world. The […]

Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End

The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain.

Coca-Cola Hellenic Bottling Company: Revenue Growth With Margin Expansion

Coca-Cola Hellenic Bottling Company is the fifth-largest Coca-Cola bottler by revenue and third largest by volume. The company operates under a 10-year agreemen

Highlights of the day: Several IT enterprises to enjoy robust 2H20

Despite the impact from the coronavirus pandemic, several IT enterprises are still having good visibility for the second half of 2020 with Nanya expecting to continue picking up in the third quarter because of demand from remote work and online studying. Meanwhile, Mitac is enjoying an ongoing ramp-up of , which are likely to last into the second half. , despite US' new trade ban on Huawei, still expects its performance to continue rising for the latter half of the year.

Sapphire Scent boss Wale Jana's headache - The Nation Nigeria

For cosmopolitan ladies and gentlemen within the Lagos and Abuja social radar, Sapphire Scents owned by upwardly mobile socialite, Adewale Adejana...

Commerce Bank Buys 1,732 Shares of CarMax, Inc (NYSE:KMX)

Commerce Bank increased its stake in shares of CarMax, Inc (NYSE:KMX) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $363,000 […]

PNC Financial Services Group Inc. Buys 7,890 Shares of Elanco Animal Health (NYSE:ELAN)

PNC Financial Services Group Inc. boosted its stake in shares of Elanco Animal Health (NYSE:ELAN) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. PNC […]

ZTE 5G NR and UME system receive ISO/IEC 27701 Privacy Information Management System certificate

PRESS RELEASE: ZTE Corporation, today announced that it has received the ISO/IEC 27701:2019 certificate, which ...

Kohl’s Co. (NYSE:KSS) Shares Sold by Commerce Bank

Commerce Bank reduced its holdings in shares of Kohl’s Co. (NYSE:KSS) by 87.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 23,175 shares of the company’s stock after selling 160,673 shares during the quarter. Commerce Bank’s holdings in Kohl’s were worth $338,000 as of its most recent SEC filing. A number of other […]

Buildings where you don't need to touch anything are "entirely feasible" says Paul Flowers

Demand for touchless products is soaring as architects look to prevent the spread coronavirus says chief design officer at brand LIXIL.

AI Startup Accern Secures $13 Million Through Series A Funding Round

Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fu

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 29

Among sectors, except IT other indices ended in the green. BSE Midcap and Smallcap indices rose between 1-2 percent.

Douwe Egberts' parent valued at €15.6 billion in Amsterdam IPO

Coffee maker JDE Peet's, parent company of Douwe Egberts among others, made its stock debut on Amsterdam's AEX on Friday, one of only a handful of IPOs launched in the coronavirus crisis. Shares

Australian Pubs to Offer Free Beer as Breweries Rolling Out Free Kegs

It's been two months since pubs, bars and restaurants were forced to shut their doors in Australia due to the ongoing coronavirus pandemic and a lockdown, which the...

PNC Financial Services Group Inc. Acquires 12,532 Shares of Vanguard Global ex-U.S. Real Estate ETF (NASDAQ:VNQI)

PNC Financial Services Group Inc. raised its holdings in shares of Vanguard Global ex-U.S. Real Estate ETF (NASDAQ:VNQI) by 95.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,702 shares of the company’s stock after purchasing an additional 12,532 shares during the period. PNC […]

Farmers supply mince to local foodbanks

Meat the Need founders Siobhan O’Malley and Wayne Langford have helped supply months’ worth of meat to foodbanks across Canterbury and the South...

First Horizon National: A 6.5% Yield Your Portfolio Should Have

First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo

Fears for several fashion stores after PAS Group enters voluntary administration

PAS Group, which owns a number of big name fashion brands including Review and Jets Swimwear, has entered voluntary administration. The company announced the news in a release to the ASX on Friday…

The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April

The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April

Northern Trust Enters Strategic Alliance with BlackRock

Northern Trust has, as part of its continuing strategy to provide integrated products and technology, today entered into an alliance with BlackRock .

Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]

Hunter Business Lions Club donate vouchers to Northern Settlement Services and Nova for Women and Children

Hunter Business Lions Club has donated $800 worth of vouchers to two services that support women, families and migrants in need.

Study on impact of coronavirus on European convention sector

FRAKFURT / LONDON - The Strategic Alliance of the National Convention Bureaux of Europe has released the results of a study on “The Impact of Coronavirus on Europe’s Convention Sector”. The analysis, prepared by Tourism Economics, aims at providing a constructive narrative of the meetings and conference sector’s pathway through the crisis, towards recovery, and has developed three scenarios to reflect the possible range of outcomes from this crisis. Baseline, upside and downside scenarios for European convention community The baseline scenario assumes that

Nigeria: FG pushes conclusion of the electricity deal with Siemens

President Buhari has instructed commencement of the next phase of the Siemens contract to upgrade the dilapidated electricity supply industry in Nigeria.

Afterpay Launches Fund-raising Effort to Help Fashion Industry, Those in Need

The "buy now, pay later" provider said consumers can simply check a box on the app to donate a $1 to the program.

Commerce Bank Has $291,000 Stock Position in Hologic, Inc. (NASDAQ:HOLX)

Commerce Bank raised its stake in Hologic, Inc. (NASDAQ:HOLX) by 51.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,295 shares of the medical equipment provider’s stock after buying an additional 2,801 shares during the period. Commerce Bank’s holdings in […]

Telecom regulator moots national numbering plan

Recommends 11-digit mobile numbers, among other things

When is the Canadian GDP report and how could it affect USD/CAD?

Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C

How Businesses Can Maintain Enterprise Resilience During Systemic Disruption

On May 28, ISAKA, a not-for-profit, non-union association of professionals in the IT-related industry held an online conference that was attended by more than 90 professionals. The online meet was staged around a Maintaining Enterprise Resilience During Systemic Disruption theme, and was moderated by Boniface Asiligwa, Chairman Education Committee, and Dorine Nalo – She -Leads […]

Advisors, beef processors and Sheiks top list of largest farm subsidy payments in 2019

Agricultural advisors, semi-State companies, Larry Goodman and Sheiks are among the top beneficaries, as well as farmers, of EU farm payments, according to the latest list of CAP beneficaries published by the Department of Agriculture. 

CM KCR upbeat on achieving 165 TMC of additional water storage capacity

Chief Minister K Chandrashekhar Rao has said that the bold decision of taking up the multi stage Kaleshwaram Lift Irrigation Scheme