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Borrowing target jumps Rs 4 lakh cr

The increase in borrowing has been done in consultation with the Reserve Bank of India (RBI). This clearly provides for the intent that the RBI is not lendi...

Saudi Finance Ministry: additional measures to confront economic impact of coronavirus pandemic

Value-Added Tax in this country was introduced only two years ago in an attempt to reduce the dependence of the economy on the world prices for crude oil . "Wi...

Brent Crude Prices Rebound as Global Supply and Demand Started to Realign

The oil rig count has now fallen for eight weeks in a row. Halliburton one of the biggest oil service providers to the energy sector laid off 1,000 employees ...

Matt Lucas' spoof of Boris Johnson's coronavirus announcement goes viral

Johnson explained a new five-level COVID-19 alert system that will be used to inform the public about how the lockdown is being lifted, with Level 5 is the most...

Elon Musk Threatens to Relocate Tesla Over Local Shelter-in-Place

Alameda County Health Authorities responded to Musk's announcement with a statement saying the county hopes to reach an agreement with Tesla soon. Tesla ha...

Saudi Arabia is suspending cost of living allowance and increasing Value-Added Tax

In early April, the government imposed a 24-hour curfew on the holy cities of Mecca and Medina as part of measures to contain the disease. In December last year...

Coronavirus: Pandemic sends U.S. jobless rate to 14.7%

The unemployment report indicated that the overwhelming majority of these laid off in April - roughly 75% - think about their job loss non permanent, a outcome ...

Oil rises on China export bounce but outlook remains weak

Oil prices climbed on Friday as countries including Australia moved ahead with plans to relax economic and social lockdowns put in place to halt the coronaviru...

Hindustan Unilever share slips 5% as GSK sells stake via block deal

Mumbai: Global healthcare major GlaxoSmithKline (GSK) on Thursday said it has sold its 5.7% stake in FMCG major Hindustan Unilever (HUL) for almost Rs 25,500 ...

Boris Johnson unveils plan for reopening United Kingdom after coronavirus lockdown

The old slogan of "stay at home, protect the NHS, and save lives" has been replaced with a new one: "stay alert, control the virus, and save lives". "The basi...

Tesla's Musk threatens to exit California over virus restrictions

Not to mention bring a lawsuit . For now, reopening the Fremont factory will likely be the result of pressure on the county or a serious stroke of fortune th...

Treasury Secretary Warns of ‘Permanent Economic Damage’ If US Doesn’t Reopen

That's what senior White House economic adviser Kevin Hassett told CBS News on Sunday, saying the nation could see rates rise to levels not seen since the 193...

Coronavirus: Trump deputy’s aide tests positive

Good person. But I have had very little contact. Trump, who along with Pence had tested negative, said on Friday that he was not anxious, adding that "stron...

U.K. Government Defends Changing "Stay at Home Message" to "Stay Alert"

Her words were echoed by Wales' First Minister Mark Drakeford, who appeared on Sky News' Sophy Ridge on Sunday and said: "The message I will be giving to peop...

Sidewalk Labs pulls out of Toronto waterfront smart city project

Artist conception of the fully wired Quayside project by American company Sidewalk Labs . He announced on May 7 the project was cancelled. Google's p...

Lira hits record low as Ankara targets 'manipulation' by foreign banks

In a press release, it accused the three banks of failing to meet their Turkish lira liabilities on time. The move followed reports saying some London-based f...

Lagarde says European Central Bank 'undeterred' by German QE ruling

In a judgement, resounding, the German constitutional Court has issued an ultimatum to the European Central Bank: she asked him to justify the three months of t...

Republican donor, fundraiser DeJoy next postmaster general

DeJoy's wife, Dr. Aldona Wos, was ambassador to Estonia during the George W. Bush administration and has been nominated by Trump to serve as ambassador to Canad...

Uber loss widens to $2.9bn

Uber shares drifted lower in after-market trades in a market braced for the crisis to take a heavy toll on the "sharing economy" giant. "While our travel bus...

Rolls Royce to Cut 15% of Strong 50,000 Strong Workforce

Last month Rolls-Royce placed 4,000 United Kingdom staff on furlough and have said flying hours for their engines fell by 90% in April as airlines are grounded....

Facebook, Google Extend Work-At-Home For Employees Until End Of Year

Similarly, Facebook will allow most of its employees to continue working from home through the end of the year, with offices remaining closed until July 6th...

Jeep Wrangler tips during IIHS crash test

Fiat Chrysler has questioned IIHS engineers' methods of attaching the vehicle to the crash propulsion system. With the results, the IIHS told CNET the W...

Unemployment rate hits 14.7 percent with 20.5 million jobs lost in April

With consumers confined to their homes due to coronavirus lockdowns, leisure and hospitality industry payrolls plunged 7.7 million in April, restaurants and b...

Mike Pences aide tests positive for coronavirus

News - Ivanka Trump's personal assistant has tested positive for coronavirus , I'm told. The White House did not immediately respond to TPM's request for...

2 members of White House virus task force in quarantine

The commissioner "immediately took a diagnostic test and tested negative for the virus", said Stephanie Caccomo, an FDA press officer, in a statement to NPR on ...

Carnival swamped with cruise bookings after announcing August return

This means the Carnival-owned cruise line has extended its pause on cruise operations. "While this is very disappointing and we never want to let our guests d...

Treasury & IRS deliver Economic Impact Payments to 130M Americans

Department of Health and Human Services, Office of Child Support Enforcement, to resolve this issue as quickly as possible", the website said. "For a Payment ...

COVID-19: Canada's wage subsidy program to be extended

Trudeau urged those who have not done so yet to apply for it. He said any reopening should be gradual. "The vast majority of Canadians continue to need to be v...

USA economy lost jobs in March for 1st time since 2010

Some two-thirds of the drop came in the hospitality industry, particularly bars and restaurants forced to close during the economic shutdown. "Workers who wer...

Crude oil prices rise above $31 as lockdown easings counter supply glut

The West Texas Intermediate for June delivery rose 1.19 USA dollars to settle at 24.74 dollars a barrel on the New York Mercantile Exchange, while Brent crude ...

Based firm Vista to invest Rs 11367 crore in Reliance Jio

At 10:15 am, the BSE S and P Sensex was up by 396 points or 1.26 per cent at 31,839 while the Nifty 50 edged higher by 114 points or 1.24 per cent at 9,313. The...

U.S. suffers biggest job losses in history amid coronavirus

The Labor Department said that 20.5 million jobs were lost, in the first full month of figures since the coronavirus crisis shut down much of the USA ec...

DHS Document Reveals 11 Coronavirus Cases in US Secret Service, Report Claims

She is married to senior White House adviser Stephen Miller . "So as America reopens safely, the White House is continuing to operate safely". Pence's f...

Zoom could finally add end-to-end encyption - but for real this time

One of the earliest revelations was that Zoom didn't provide actual end-to-end encryption , which was a prime motivator for the company's move to freeze featu...

IAG's Willie Walsh to stay on until September

British Airways-owner IAG stated that chief Willie Walsh would stay on until September to guide it through the coronavirus disaster and that it was planning f...