Business News

Emirates offers pilots unpaid leaves; Qatar Airways lays off staff as coronavirus spreads

Emirates, reportedly, is the latest airlines to request employees to go on unpaid leave, as the coronavirus outbreak continues to hit the aviation industry

Mar 19, 2020

By R. Ghosh

Coronavirus

What is Buffett Indicator? US stock market investors should be ready for bigger crash

Before the dotcom bust the US market cap was 146 percent of the of GDP, while it was 137 percent before the 2008 Financial Crisis. On March 4, 2020, it was 146 percent.

Mar 18, 2020

By Jacob J

Coronavirus Depression

Private jet industry hit by COVID-19; why are companies rejecting lucrative offers from ultra-rich?

Travel restrictions by the governments to contain the pandemic caused by coronavirus has hit private jet industry too, large amounts by ultra-rich did not work

Mar 18, 2020

By Vinay B.S.

Coronavirus

Oil falls for third day as Coronavirus travel bans escalate

The coronavirus outbreak has infected almost 200,000 people around the world and has claimed the lives of nearly 8,000 people

Mar 18, 2020

By Reuters

Coronavirus

Uber suspends Uber Pool in US, Canada to contain coronavirus spread

Starting Tuesday, the Uber app detailed the Uber Pool option as "unavailable", when a consumers tried to enter a destination

Mar 18, 2020

By R. Ghosh

Coronavirus

Amazon prioritizes medical supplies, household staples amid coronavirus fears

Earlier on Monday, the e-commerce giant had said that it would hire 100,000 temporary workers in the US to keep up with a crush of online demand

Mar 18, 2020

By R. Ghosh

Amazon prime Coronavirus

Talk of global recession gives way to fears of a 2020 depression

There is no sign that that we have avoided the 2008-type scenario completely.

Mar 17, 2020

By Jacob J

Coronavirus

Monkeys fighting over food in Lobpuri, Thailand

Hungry monkeys clash on the streets of Thailand as COVID-19 hits country's tourism industry [VIDEO]

The 'gang war' is a reflection of the dire state of the tourism industry in Thailand which is facing a drastic dip due to the global coronavirus pandemic

Mar 17, 2020

By Jeevan Biswas

Coronavirus

UK pub industry faces total destruction

Prime Minister Boris Johnson, advised people to work from home, and avoid public spaces such as pubs and clubs, in a press conference

Mar 17, 2020

By IANS

Coronavirus

France to mobilize 45 billion euros as economy slumps 1% in 2020

Le Maire stated that a large part of the 45 billion euro figure was the deferral of all tax payments and payroll charges which companies were due to pay this month

Mar 17, 2020

By Reuters

Coronavirus

Coronavirus outbreak creating crisis in the solar industry of US

The president of the top US solar trade group mentioned that the annual market report's projection of 47 percent growth in the year 2020 is going to come down in the coming weeks

Mar 17, 2020

By IBTimes APAC Desk

Coronavirus

France hits Apple with record fine of $1.23 billion for anti-competitive practices

The company was found guilty of forming cartels within its distribution network and illegally restricting the way wholesalers sell Apple products

Mar 17, 2020

By R. Ghosh

China's Didi Chuxing launches delivery service to help drivers amid coronavirus scare

Customers, who are not willing to go out, can order their groceries with the help of the Didi app and drivers will buy these items and deliver them

Mar 17, 2020

By R. Ghosh

Coronavirus

US offered 'large sum' to German biotech firm for exclusive access to Coronavirus vaccine?

Donald Trump was criticized by two Democratic candidates, Joe Biden and Bernie Sanders, for the way his administration handled Coronavirus situation in US

Mar 16, 2020

By Bhaswati Guha Majumder

Coronavirus

Stocks dive as rescue bids by Fed, peers fail to calm panicky markets

Data out of China also underscored just how much economic damage the disease had already done to the world's second-largest economy

Mar 16, 2020

By Reuters

Coronavirus

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