Business News

UK car sales plunge to lowest level since 1946

Car sales have plunged to the lowest level in the UK since 1946 because of the lockdown due to the coronavirus pandemic

May 5, 2020

By IANS

Coronavirus: US Treasury Secretary claims international travel may not resume this year

Treasury Secretary Steven Mnuchin says international travel may remain restricted throughout the year and encourages domestic travel

May 5, 2020

By Bharat Sharma

Coronavirus

Rich countries should make Coronavirus pandemic recovery plans: Global investors

The deadly virus outbreak has created a major stir around the world in recent times in more than 170 countries

May 5, 2020

By IBTimes APAC Desk

Coronavirus

Gold dips as virus-led curbs ease, tariff worries persist

Investors were expecting the US ISM non-manufacturing PMI data, due later in the day, and weekly jobless claims and April non-farm payrolls numbers scheduled for later this week

May 5, 2020

By Reuters

Coronavirus

Singapore retail sale witnesses biggest fall in more than 20 years due to Coronavirus outbreak

The deadly virus outbreak has spread to more than 170 countries in the world and infected over 3.5 million people globally

May 5, 2020

By IBTimes SG Desk

Coronavirus

Clothing giant J.Crew falls prey to coronavirus; files for bankruptcy

The company has secured $400 million in financing from its existing lenders to fund operations through bankruptcy

May 5, 2020

By R. Ghosh

Coronavirus

Coronavirus: Scientists develop new antibody test with 99.8% accuracy and faster results

Blood-screening company Quotient has developed a new machine that has the capacity of conducting 3,000 coronavirus antibody tests daily

May 4, 2020

By R. Ghosh

Coronavirus

Malaysia criticises WHO's advice against palm oil during coronavirus

The Southeast Asian country Malaysia, the world's second-biggest producer of palm oil, said such advice was "antiquated"

May 4, 2020

By Reuters

Coronavirus

White House adviser will not rule out more money for states, small businesses

Over 30 million Americans have joined the unemployment benefit rolls over the past six weeks and lawmakers on Capitol Hill are discussing a fourth coronavirus relief bill

May 4, 2020

By Reuters

Not a good news for Kim Jong Un; North Korea's moneymaking venture in Berlin to shut down

Pressurised by the family of Otto Warmbier and others, the Berlin authority has decided to close the North Korea owned hostel

May 4, 2020

By Bhaswati Guha Majumder

Coronavirus

DHS report accuses China of covering up Coronavirus outbreak severity to hoard medical supplies

The report comes as President Donald Trump and Secretary of State Mike Pompeo say that China must be held accountable

May 4, 2020

By Bhaswati Guha Majumder

Coronavirus

King Salman bin Abdulaziz Al Saud of Saudi Arabia

'Saudi must reduce expenditures to ease COVID-19 economic impact'

Fall in revenues will be seen further in the coming quarters as a result of the coronavirus pandemic

May 3, 2020

By IANS

The future allies: What will be the fate of Russia as the China-US rivalry continues?

Russia was among the few nations that sided with Beijing against its critics and both the countries are looking to each other for support

May 3, 2020

By Bhaswati Guha Majumder

Coronavirus

Spanish PM to ask for State of Alarm extension for 4th time

If the senate accepts the Prime Minister's request, it would be the fourth extension imposed in the country

May 3, 2020

By IANS

Coronavirus

End of flying? Warren Buffett sells off entire stake in Delta, American, Southwest and United airlines

The investment maven had 11 percent stake in Delta Air Lines, 10 percent in American Airlines, 10 percent in Southwest Airlines and 9 percent in United Airlines.

May 3, 2020

By Jacob J

Coronavirus

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