Business News

China cuts key rate for second time this year, more easing likely

This move was the second cut to the lending benchmark rate in 2020 and the latest reduction in one of China's key lending rates

Apr 20, 2020

By Reuters

Coronavirus

Coronavirus takes toll on global M&A as $1 billion deals disappear

The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic

Apr 20, 2020

By Reuters

Coronavirus

Secretary of Labor Thomas Perez tours the Shake Shack Restaurant with CEO Randy Garutti.

Burger chain Shake Shack to return $10 million government loan

Low-paid workers in the retail, restaurant and hotel industries have been among the hardest-hit sectors by the COVID-19 pandemic

Apr 20, 2020

By Reuters

Coronavirus

Coronavirus relief deal for US small businesses may come Monday, Trump says

The US has by far the world's largest number of confirmed COVID-19 cases, with more than 750,000 infections and over 40,000 deaths

Apr 20, 2020

By Reuters

Coronavirus

Coronavirus: Pelosi says deal on small business relief 'very close'

Congress last month approved a $2.3 trillion coronavirus stimulus package but fell short after which Trump asked for a $250 billion replenishment

Apr 19, 2020

By R. Ghosh

Coronavirus

Airlines issuing billions of dollars in vouchers although customers demand refunds, say senators

According to a statement by a group of senators, airlines have issued around $10 billion worth of travel vouchers for ticket cancellations

Apr 19, 2020

By R. Ghosh

Coronavirus

Iran replaces missiles with medical equipment display on Army Day amid coronavirus

The army displayed healthcare equipment, disinfecting tools and vehicles as well as the mobile hospitals deployed for relief and medical services

Apr 18, 2020

By R. Ghosh

Coronavirus

Sanofi can produce 600 million doses of coronavirus vaccine by 2021 if clinical trials succeed

Around 80 candidates for a potential coronavirus vaccine are being developed, with seven to eight in early stages of human clinical trials

Apr 17, 2020

By R. Ghosh

Coronavirus

Gold retreats as Trump plans to reopen US economy

Earlier this week, it scaled a seven-year peak on concerns over the worst recession in decades due to the coronavirus outbreak

Apr 17, 2020

By Reuters

Coronavirus

california-surpasses-u-k-to-become-fifth-largest-economy

Around 5 million more Americans file jobless claims as Coronavirus pandemic hits the economy

A total of 22 million people have lost their jobs within a month during coronavirus crisis as unemployment rate crossed 10%

Apr 17, 2020

By Bharat Sharma

Coronavirus

China's Coronavirus-hit economy shrank by 6.8% in the first quarter: Government

The Chinese economy recorded contraction for the first time since the end of the Cultural Revolution in 1976

Apr 17, 2020

By Shubhangi Shah

Coronavirus

UK customs officers seize cocaine worth $1.3 million hidden in face mask boxes amid coronavirus

The cocaine, which weighed 14 kilograms and was split into 15 boxes, was being smuggled in a van driven a 34-year-old Polish

Apr 16, 2020

By R. Ghosh

Coronavirus

Coronavirus: US weekly jobless claims hit 5.2 million; 22 million jobs lost in four weeks

The latest filing of 5.245 million jobless claims comes a day after separate reports showed that US retail sales and factory output plunged in March

Apr 16, 2020

By R. Ghosh

Coronavirus

Unemployment claims soar by 42% in Netherlands as Coronavirus lockdowns bite

The coronavirus outbreak has created a major stir around the world in recent times claiming the lives of more than 120,000 people

Apr 16, 2020

By IBTimes APAC Desk

Coronavirus

Coronavirus stimulus checks signed by Trump are being sent to dead US citizens

Along with millions of US residents, the stimulus checks were also sent to people who have died years ago

Apr 16, 2020

By Bhaswati Guha Majumder

Coronavirus

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