Business News

Oil companies struggle as oversupply leaves them with no storage space

As much as 130 million barrels of crude is already in floating store, according to traders and shipping data

Apr 23, 2020

By R. Ghosh

trump-tells-georgia-rally-there-have-never-been-crowds-like-this-in-the-history-of-politics

US states safely reopening, says Trump despite warnings of second wave of coronavirus

Georgia will be the first state to open gyms, hair salons, massage and tattoo parlors from Friday. Movie halls and restaurants will open next week

Apr 22, 2020

By R. Ghosh

Coronavirus

Hoax busted: Can immunity boosting IV drips prevent Coronavirus?

UK's Advertising Standards Authority identified companies which claim to have special IV drips to boost immunity that could prevent or treat Coronavirus

Apr 22, 2020

By Bhaswati Guha Majumder

Coronavirus

ANALYSIS : Globalisation will be the first high street casualty in post-pandemic world

Rather than the comfort of inter-dependence, strong nations states will choose the safety of independence - whether it's in the matter of vaccines, ventilators or weapons.

Apr 22, 2020

By Jacob J

Coronavirus Us election 2020

Oil hits lowest this century as Coronavirus crisis hammers demand

A glut has been building since OPEC+, which is led by Saudi Arabia and Russia, failed to renew the output cuts last month

Apr 22, 2020

By Reuters

Coronavirus

US University stops using Coronavirus testing kits from China due to contamination complaint

It was a bacteria called Stenotrophomonas maltophilia which caused the contamination in COVID-19 test kits exported from China

Apr 22, 2020

By Bhaswati Guha Majumder

Coronavirus

November Supermoon: Striking visuals of the closest full moon until 2034

Daily passenger number in China rise by 7.9% in April compared to March: Aviation regulator

The coronavirus outbreak has claimed the lives of nearly 180,000 people globally while the US registered the maximum number of deaths

Apr 22, 2020

By IBTimes SG Desk

Coronavirus

Trump orders bailout plan for oil companies as crisis deepens with price hitting historic low

The coronavirus outbreak has been crushing demand for oil, while rising stockpiles overwhelm storage facility across the United States

Apr 22, 2020

By R. Ghosh

Coronavirus

Coronavirus: Domestic air traffic plunges 70%, recovery to be slower than expected: IATA

According to TSA, it screened 2.5 million passengers every day across the US in 2019, which has dropped to 90,000 in April 2020, a 10-year low

Apr 21, 2020

By R. Ghosh

Coronavirus

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

Negative crude prices: Why is this happening and what's the future outlook?

Even as the May contract US crude went for trade in low negative territory, the June contract saw trade in the normal range, rising $1.72 cents (8.4 percent), to $22.15 a barrel.

Apr 21, 2020

By Jacob J

Coronavirus

Coca-Cola witnesses second quarter sales hit due to Coronavirus lockdown

The deadly virus outbreak has infected nearly 2.5 million people around the world and has spread to more than 170 countries

Apr 21, 2020

By IBTimes APAC Desk

Coronavirus

Oil price plunge below zero sends 'oil tourists' on wild ride

In the week before Monday's $55 drop to about minus $37 a barrel, investors like Ryder pumped $1.6 billion of the net deposits into the US Oil Fund ETF

Apr 21, 2020

By Reuters

Coronavirus