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Lagarde urges European Union to consider making recovery fund permanent tool

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Rental car company Hertz files for bankruptcy

Chapter 11 is a mechanism that allows a company that is no longer able to repay its debt to restructure itself without creditors. In late March, Hertz shed 12...

USA unemployment claims surged by 2.4 mn last week

Last week, the GDOL issued over $55 million in Pandemic Unemployment Assistance (PUA) payments to individuals who are self-employed, gig workers, 1099 independe...

Stocks Close Volatile Week Higher; Crude Oil Falls: Markets Wrap

The Dow Jones Industrial Average fell 109.91 points to 24,364.21, while the S&P 500 slipped 5.89 points to 2,942.62 and the Nasdaq Composite Index dropped...

Aurora Cannabis Buys Reliva, Enters US CBD Market

The Reliva acquisition is a responsible strategic entry into the U.S. market. "Certainly, the consumer CBD industry faces temporary challenges in the USA, b...

North American stock markets down in late-morning trading, loonie lower

At 5.57am ET, Dow e-minis were down 139 points, or 0.57%, S&P 500 e-minis were down 16.5 points, or 0.56%, and Nasdaq 100 e-minis were down 65.5 points, or 0.71...

Outrage in Hong Kong as China pushes security law

A protest movement was born and for months the city was engulfed in violent street battles, in what has been described as Hong Kong's worst crisis since the 199...

Senate passes bill that could block Chinese firms from USA securities exchanges

The China rhetoric in Washington is getting more hostile with the US President Trump shooting his first direct attack at China's Xi Jinping but there is also ...

Hong Kong: Pompeo condemns China’s law as ‘death knell’ for freedoms

For two decades, Beijing has been frustrated by widespread popular opposition to national security laws that were thwarted by mass protests in Hong Kong during ...

Ford shuts two U.S. plants due to coronavirus infections

The Chicago assembly plant briefly suspended production Wednesday afternoon, due to a shortage of parts from a supplier, according to Ford . The plant, which...

Marston's to merge brewing arm with Carlsberg UK in £780m deal

Brewer Marston's is to merge with Carlsberg's UK arm, uniting ales such Pedigree and Hobgoblin with Danish Pilsner and Somersby cider. "The joint venture's br...

Facebook employees can work from home permanently, says Mark Zuckerberg

Speaking at an internal employee town hall meeting livestreamed on Facebook , Zuckerberg said the company will take a "more measured approach to opening perman...

Billionaire financier George Soros says coronavirus threatens EU's survival

However, this week German chancellor Angela Merkel announced that she and French president Emmanuel Macron would jointly back a €500bn (£447bn) recovery fund, a...

Wall Street slips on rising U.S.-China tensions, recovery worries

The Aussie dollar was buying 65.62 United States cents at 10:14am AEST, down from 65.71 U.S. cents at the close of trade on Thursday. President Donald Trump w...

Amazon launches food delivery service in India

There is also a capping on the order quantity to ensure a customer does not order alcohol above the prescribed limit as per the state law. E-commerce giant A...

RBI cuts repo rate by 40 bps; extends loan moratorium till August

The RBI governor has announced a series of measures to ease liquidity pressure in the banking system and cushion the blow of Covid-19. Apart from this, the re...

Facebook Embraces Remote Work Post-Pandemic

Facebook is a much larger company, however, and its decision is likely to have a more pronounced impact on the sector's work culture. Facebook CEO Mark Zucke...

China will not set an economic growth target amid 'great uncertainty'

China's broader economy marked its first quarterly decline on record during the January-March period, down 6.8 percent from the same period the previous year....

UK inflation falls sharply in April to 0.8%

The last time the index was as high as this was in April 2018 when the CPI was put at 12.48 per cent. Increases were recorded in all Classification of Individ...

Repo rate slashed by 40 bps to 4%

Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving inves...

Federal Court ruling on casuals may not lead to real benefits

The decision means regular, ongoing casuals will be able to access paid annual leave, paid personal/carer's leave and paid compassionate leave, and employers ...

Mysterious 50 Bitcoin moved after 11 years

This is where things get interesting. That document remains under court-ordered seal, but I can confirm that the address from which yesterday's transaction orig...

Another 2.4 Million People Filed for Unemployment Last Week

The department reported that 51,108 people filed for unemployment benefits. The new figures could push the state's total number of initial claims to almost 1....

United Kingdom sells first government bond with a negative yield

A £3.75bn auction of government bonds included a gilt that matures in July 2023 sold at an average yield of -0.003%, the Debt Management Office said. While in...

Facebook Expects Half Its Employees To Work Remotely Forever

The company would take a more "measured approach" with existing employees based on job function and past performance, he said, and set a January 1, 2021 deadlin...

Trump says China's "incompetence" is to blame for "mass Worldwide killing"

The 20-page report does not signal a shift in USA policy, according to a senior administration official, who was not authorized to publicly discuss the report...

Senate confirms Trump nominee John Ratcliffe to be top United States spy

Ratcliffe will take over the agency at a tumultuous time. -China tensions are rising over the coronavirus pandemic, and many in the national security communit...

Costco Worker Praised for Handling of Maskless Customer

Tison, the Costco employee, proceeded to take the customer's cart away, politely wished him a great day several times and informed him that he is "not welcome h...

2.43 million Americans applied for unemployment benefits last week

Continuing claims, which lags initial jobless claims data by one week, are anticipated to total 23.5 million in the week ending May 9 after a record 22.83 milli...

Economic warning: "severe recession" underway as jobless benefit claims surge

The Chancellor suggested that the most effective way to help business would be to let them reopen. The emergency financial support unleashed by the Treasury, ...

China rebuts Trump accusation of coronavirus 'mass killing'

Trump tweeted late on Wednesday that the "spokesman speaks stupidly on behalf of China, trying desperately to deflect the pain and carnage that their country ...