Business News

Starbucks to Reopen Cafes in Italy as Country Starts Softening Coronavirus Lockdown Rules

Starbucks has been incurring losses in North America, Europe and parts of Asia with most of its cafes closed for more than two months.

May 19, 2020

By R. Ghosh

Coronavirus

uber rents out faulty cars to singapore drivers

US Auto Industry Returns to Life After Lockdown

The Detroit Three automakers began restarting assembly lines on Monday after the coronavirus lockdown in a slow revival of a sector that employs nearly 1 million people in the US

May 18, 2020

By Reuters

Coronavirus

US Home-builder Confidence Rises in May

Other indicators have also hinted at a rebound in housing activity, with mortgage applications rising in recent weeks

May 18, 2020

By Reuters

Coronavirus: Moderna Releases First Data on Successful Human Trial of Covid-19 Vaccine

Moderna, which has tied up with Swiss drugmaker Lonza, earlier said that it could start manufacturing the Covid-19 vaccine as early as July.

May 18, 2020

By R. Ghosh

Coronavirus

U.S. Fed Chief Says Economic Recovery Could Stretch Through End of 2021

The Fed chief noted that people should not "bet" against the American economy in the long run, even in the medium run

May 18, 2020

By IANS

Iran Complains to U.N., Summons Envoy Over U.S. Threat on Venezuela Shipment

An official from Trump administration said U.S. was considering measures it could take in response to Iran's shipment of fuel to crisis-stricken Venezuela.

May 18, 2020

By Reuters

Japan Braces for Worst Postwar Slump as Pandemic Tips Economy Into Recession

The Coronavirus has been massively disruptive on supply chains and businesses, particularly in trade-reliant nations such as Japan

May 18, 2020

By Reuters

Coronavirus

U.S. Mulls Paying Companies, Tax Breaks to Pull Supply Chains from China

U.S. Congress has begun work on another fiscal stimulus package but it remains unclear when it might pass

May 18, 2020

By Reuters

Saudi wealth fund boosts US holdings with stakes in Citi, Boeing, Facebook

The PIF disclosed an 8.2 percent stake in coronavirus-hit Carnival Corp in April, sending the cruise operator's shares nearly 30 percent higher

May 16, 2020

By Reuters

Satish Brahmbhatt's entrepreneurial skills helped him emerge as a successful businessman

Satish started trading in Forex and experienced an upward trend in this business.

May 15, 2020

By IBTimes SG Desk

Coronavirus likely hammered US retail sales again in April

Businesses around the country are reopening as states and local governments ease travel restrictions

May 15, 2020

By Reuters

Coronavirus

'Love & Hip Hop: Atlanta' star Maurice Fayne charged with bank fraud for PPP loan

Maurice Fayne, the reality TV star, who is also known as "Arkansas Mo," was arrested after he misused PPP loan received from United Community Bank in late April

May 15, 2020

By Bhaswati Guha Majumder

Coronavirus Pandemic Could Jeopardize US-China Trade Deal: Donald Trump

The coronavirus pandemic could reignite a tariff war between the United States and China once again that could further affect their economy.

May 14, 2020

By R. Ghosh

Coronavirus

Re-Opening Pennsylvania: Mass Protests Planned at State Capitol Friday

After Governor Wolf threatened to reduce the funding for counties, a candidate in the 45th District of Pennsylvania, called for the impeachment of Wolf and Lt Gov John Fetterman

May 14, 2020

By Bhaswati Guha Majumder

Coronavirus

FCA claims Coronavirus pandemic relief measures in insurance to begin from May 18

The deadly virus outbreak has created a major stir around the world in recent times claiming the lives of more than 290,000 people worldwide

May 14, 2020

By IBTimes APAC Desk

Coronavirus

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