Finance

US Cruise Line Industry Blocked From Federal Stimulus Package

MORE NEWS THIS CATEGORIES

German Market stagnates as eurozone growth reaches 7-year low

German Q4 q/q GDP is forecast unchanged at just 0.1% and a miss will weigh further on the currency. Gross domestic product (GDP) was flat quarter-on-quarter i...

China coronavirus outbreak: All the latest updates

Chinese health authority on Saturday said it received reports of 2,641 new confirmed cases of novel coronavirus infection and 143 deaths on Friday from 31 pro...

Coronavirus: Hong Kong's Rugby Sevens and Sonar Festival among events postponed

The Singapore leg will take place in October 10-11, and Hong Kong's tournament is scheduled for October 16-18. The Chinese Formula One Grand Prix in Shangha...

Microsoft's Work For Pentagon Suspended As Judge Approves Amazon Appeal

Case and point: Amazon claimed that Pentagon officials did not review the company's most up-to-date submissions for the JEDI project before issuing the awar...

Vodafone Idea stock plunges by 12 pc after new SC order

They have now approached the court to sit down with the Department of Telecommunications and figure out a payment plan. On February 14, the court came down ...

JFK flights will end February 25

O'Brien said Air Italy , which has been placed into liquidation, did not have any interesting slots for the Irish budget carrier. Air Italy is the nation's...

IEA sees first global oil demand drop in a decade

The EIA - representative of the country that is now both the world's biggest oil consumer and also its largest producer - finds itself in the middle. The IEA al...

RBNZ Sets Bullish Tone; Drops Chance of Rate Cut This Year

A report last week showed the jobless rate fell to 4% in the fourth quarter, matching a decade low, while annual inflation accelerated to 1.9% in the final thre...

Leftist Pipeline Protests Shuts Down Canadian Rail Networks

Numerous blockades are being led by Indigenous groups, including one near Belleville, Ont., which is the major cause of CN's railway network closure. Palliste...

McClatchy Newspapers File for Chapter 11 Bankruptcy Protection

The news isn't a surprise to the company's workers: Last year, McClatchy announced it didn't have almost enough money to pay out the pensions it owes to forme...

IBM prefers Slack over Microsoft Teams for its 350,000 employees

A new report shows that IBM prefers Slack for internal communication. It has also been reported that the IBM deal will not be too big of a boost for Sla...

Boris Johnson's United Kingdom government reshuffle: Who's in and who's out?

The BBC's Business Editor Simon Jack said the prime minister suspected Javid might resign if pushed to get rid of his advisers and he described Sunak as an "o...

WPI inflation rises to 3.1 pc in January

Headline inflation refers to the overall number, while core inflation is the price rise , excluding food and fuel . A chart provided by Nicholas Reece, senior...

Coronavirus inflicts growing toll on China's health workers

It's also possibly good news for numerous sick in Wuhan, the Hubei capital where the outbreak began, who have been unable to access hospitals without confir...

Amazon Wins Suit Suspending $10bn Microsoft US Military Contract

A temporary injunction requested by Amazon was issued by U.S. judge Patricia Campbell-Smith, barring the Department of Defense from starting work on the contrac...

Singapore's DBS evacuates 300 staff after employee contracts coronavirus

The DBS said it was conducting contact tracing with all employees and other people the infected person may have come into contact with. "In these hard times, ...

Tesla selling $2B of new stock after frenzied price gains

Mr Musk is set to buy up to $10m and Oracle co-founder and Tesla board member Larry Ellison $1m as part of the sale. Tesla disclosed the new investigation...

VIA Rail cancelling all trips across Canada amid pipeline protests

In an email Wednesday, a spokesperson for VIA Rail said all passenger rail service between Prince George and Prince Rupert is cancelled until further notice. "S...

Hyundai will use Canoo’s ‘skateboard’ platform to develop cheap EVs

By ensuring that every component of the platform is fulfilling as many functions as possible, the overall design is reduced in size which provides more interior...

Airbus reports 2019 net loss of €1.36bn

The year of loss was also marked with the settlement of $4 billion with prosecutors, over the charges of corrupt practices. Net loss for Airbus in the past ye...

Bezos buys Warner Estate in Beverly Hills for record $165 million

In 1990, Geffen went on to break national records when he purchased the estate for $47.5m and auctioned off about $11m of the mansion's furnishings, which he th...

Fed’s Kashkari Says If Coronavirus Hits US Economy, Fed May Step In

Louis. Kashkari's remarks about the central bank monitoring the viral outbreak echo statements made by Federal Reserve Chairman Jerome Powell, who testified...

Opec committee urges output cut over coronavirus

West Texas Intermediate crude for March fell 0.5% to US$50.07 a barrel on the New York Mercantile Exchange as of 9.37am in Singapore after dropping as much a...

UK GDP growth flat at the end of 2019

It followed the first quarterly fall since 2012 in the second quarter. The stagnation in the fourth quarter is compared with a 0.5 percent increase in the pre...

Hopes coronavirus 'over by April' in China

Also, officials reported 871 new serious cases and 97 more deaths, putting those totals at 8,204, and 1,113, respectively. Mike Ryan, MD, who directs the WHO'...

Google's HR Lead Eileen Naughton Decided To Step Down

Those have been based out of a wide range of divisions, from Google's Mountain View headquarters to London and NY. According to her statement, she has mention...

LPG price hiked by ₹144.5 per cylinder, steepest since January 2014

With the increase, the subsidy burden for the government will also jump by nearly 100 per cent with Centre deciding against revising the price of the subsidised...

Chinese GP postponed due to coronavirus

More than 1,100 people have been killed in China by the virus, which has been named COVID-19 by the World Health Organization. " We recognise that the postpon...

China's Q1 smartphone sales can be halved due to coronavirus

Mr Kong Liang, deputy director at the Animal Husbandry and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs, said the coronavirus outbreak h...

Judge clears major hurdle in T-Mobile's $26.5B Sprint bid

Ultimately, Marrero said he wasn't convinced the deal would lead to higher prices or lower quality for the wireless industry, as the states insist. T-Mobile...

Apple's main iPhone maker Foxconn to resume some Chinese production

The two plants contain most of Foxconn's iPhone assembly lines, the news agency said. Kuo declined to provide new shipping forecasts because "there are stil...

Windsor area's 8.3 per cent unemployment rate for January highest in nation

The unemployment rate was little changed at 3.6%, the bureau reported. Across Alberta, the number of workers fell by 18,900 and the unemployment rate rose t...

The US trade deficit decreased 1.7% previous year to $ 616.8 billion

Trump has imposed tariffs on $360 billion worth of Chinese imports in a battle over Beijing's aggressive drive to challenge American technological dominance. Pr...

Macao leader asks casinos to shut over virus fears

In the United States, 11 cases of coronavirus have been confirmed in California, Washington state, Illinois, Arizona, and MA. The executive met on Tuesday w...

Turkey: Avalanche hits rescuers searching for earlier victims

At least five people were killed in the first avalanche on February 4, officials said. Arvas was quoted by broadcaster NTV as saying a rescue team of 300 peop...