Business News

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

Gold eases on stronger dollar, grim economic outlook caps losses

The Japanese business confidence dipped to fresh decade lows in April, while British retail spending fell by more than a quarter during the first two weeks of lockdown measures

Apr 16, 2020

By Reuters

Coronavirus

Unemployment rate in Australia increases in March; worst is yet to come due to Coronavirus outbreak

The deadly novel virus outbreak has created havoc around the world claiming the lives of over 120,000 people globally

Apr 16, 2020

By IBTimes APAC Desk

Coronavirus

Defeat the virus first, criticize later, appeals WHO after Trump stops funding

Although WHO didn't criticize Trump directly, it said that loved its partnership with the US and it would be unfortunate if the cooperation lessened

Apr 16, 2020

By R. Ghosh

Coronavirus

Coronavirus: 19-20 US states may be ready to reopen by May 1, says CDC director

Robert Redfield said that many states so far had limited impact from the coronavirus and could be ready to reopen going by Trump's May 1 target date

Apr 15, 2020

By R. Ghosh

Coronavirus

Thailand plans $33 billion public-private investment projects

The 92-project plan includes 18 high-priority infrastructure projects which are worth 472 billion baht, head of the State Enterprise Policy Office, stated in a statement

Apr 15, 2020

By Reuters

Investors flock to Amazon, Jeff Bezos richer by $6.5 bn in a day

Amazon stocks have been rising to an all-time high of over $2,283 per share leaving the ecommerce giant with $1.1 trillion worth

Apr 15, 2020

By IANS

European shares dip as focus turns to corporate earnings

The benchmark index has recovered around 24% since hitting an eight-year low in March but is still currently down about 22%

Apr 15, 2020

By Reuters

Coronavirus

French Coronavirus crisis package will cost 110 billion euros: Finance minister

The deadly virus outbreak has created a major stir around the world claiming the lives of over 120,000 in more than 170 countries

Apr 15, 2020

By IBTimes APAC Desk

Coronavirus

Oil rises on bargain-hunting, hopes for stockpile purchases

The US Energy Department stated on Tuesday it is negotiating with 9 energy companies for storing about 23 million barrels of domestic oil in its Strategic Petroleum Reserve

Apr 15, 2020

By Reuters

Coronavirus

UK economy could shrink by the most in 300 years in 2020

International Monetary Fund said it expected Britain's economy to shrink 6.5% in 2020, similar to other economies, before growing by 4.0% in 2021

Apr 15, 2020

By Reuters

Coronavirus

Hyundai to support coronavirus drive-thru testing locations in US, announces $4 million in grants

Hyundai will also provide 65,000 COVID-19 tests in a host of cities including Chicago, Detroit and New Orleans, which have been the hardest hit

Apr 15, 2020

By R. Ghosh

Coronavirus

10 US states accounting for 38% of economy plan to gradually reopen businesses

Governors of three West Coast and seven East Coast states banded together in two regional pacts to discuss plans for gradual reopening of economy

Apr 14, 2020

By R. Ghosh

Coronavirus

IMF projects a recession for sub-Saharan Africa in 2020

Many African governments have imposed lockdowns and curfews to curb the spread of the deadly coronavirus, but the restrictions are putting pressure on most economies

Apr 14, 2020

By Reuters

Coronavirus

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