Business News

Researcher or Spy? Chinese Military Officer Arrested at LA Airport While Fleeing Country

Xin Wang has been allegedly sending the research work from the University of California to a military lab in China.

Jun 13, 2020

By R. Ghosh

US Job Losses in Pandemic Reverse 10 Years of Job Gains, Says Federal Reserve

The central bank chief says that millions of Americans could be permanently unemployed from this crisis.

Jun 13, 2020

By IANS

Coronavirus

Canada Spy Agency Warned of 'Shock Waves' From Arrest of Huawei Founder's Daughter

The spy agency warned that arresting the daughter of Huawei founder Ren Zheng would seriously affect ties with China.

Jun 13, 2020

By Reuters

Huawei

Germany Hopes Stimulus Measures Will Drive Second-Half Recovery

Germany's economy has taken a battering after many firms went into lockdown in March to contain the spread of the novel coronavirus

Jun 12, 2020

By Reuters

Coronavirus

Italy GDP May Shrink Slightly More Than 8% in 2020, Says Economy Minister

A wealth tax to raise resources for the extra spending or bring down the debt was not in the government's program, Gualtieri mentioned

Jun 12, 2020

By Reuters

Coronavirus

Estate Planner to the Ultra High Net Worth: Calvin Lo

Life insurance enables the wealthy to pay some proceeds to family members. The proceeds are removed from the estate without them being used to countering the net worth of the individual.

Jun 12, 2020

By IBTimes SG Desk

Will oil price stay higher after Opec-Russia output reduction?

OPEC+ Panel Meeting Next Week Will Advise on Policy, Not Decide: Sources

OPEC, Russia and allies, known as OPEC+, agreed on a decision on Saturday to keep production cuts of 9.7 million barrels per day

Jun 12, 2020

By Reuters

Vaccine Race Heats Up: Moderna to Begin Final-Stage Clinical Trial in July

Moderna, which is working with the National Institutes of Health, was the first company to get approval for a human phase trial.

Jun 12, 2020

By R. Ghosh

Coronavirus

Nearly 250 Jobs Are Going to be Lost at Nissan's UK Plant due to Coronavirus Pandemic

The deadly virus outbreak has created a major stir around the world in recent times claiming the lives of more than 416,000 people worldwide

Jun 11, 2020

By IBTimes APAC Desk

Coronavirus

IMF Says $10 trillion Spent to Combat Pandemic, Far More Needed

IMF Managing Director Kristalina Georgieva mentioned that new estimates suggested that up to 100 million people might be pushed into extreme poverty as a result of the crisis

Jun 11, 2020

By Reuters

Coronavirus