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China factory activity unexpectedly expands, but economy cannot shake off coronavirus shock

China's official Purchasing Managers' Index (PMI) rose to 52 in March from a plunge to a record low of 35.7 in February, the National Bureau of Statistics (NBS) said on Tuesday, above the 50-point mark that separates monthly

China, China factory activity, coronavirus crisis, PMI, China businesses, china border economy, Chinese manufacturers , PMI survey, china economy News

Coronavirus pandemic: US stimulus package is biggest ever, but may not be big enough

The risk is exacerbated by efforts to stop the spread of coronavirus which have brought economic activity to a screeching halt.

Coronavirus pandemic, Federal Reserve, US stimulus package, Exchange Stabilization Fund, US corporate debt, Steven Mnuchin News

Modi govt’s Rs 1.5 lakh crore warchest to defeat coronavirus economic slowdown; mega package likely this week

The package, which could be announced by the end of the week, will be used to put money directly into the accounts of more than 100 million poor and to support businesses hit the hardest by the lockdown, the sources said.

Modi announced the three-week shutdown in a late evening speech on Tuesday. News

Goldman injects $1 billion into own money-market funds after heavy withdrawals

Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, in what the Wall Street bank described as a pre-emptive move to boost liquidity at

Markets News

Amazon raises overtime pay for warehouse workers Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck

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China sees continued rise in imported coronavirus cases

China on Sunday reported 46 new cases of coronavirus, the fourth straight day with an increase, with all but one of those cases imported from overseas, according to the country's National Health Commission.

In virus-hit China, banks found unique way to kick start business, open a bank account, get free masks News

Coronavirus cases: China’s imported cases jump as students, expats flock home

As well as Beijing and Shanghai, the major transport hub of Shenzen, near Hong Kong, has facilitated infected returnees. The southern provinces of Guangdong, Fujian, and the eastern provinces of Shandong and Zhejiang, as well

Health News

UK braces for coronavirus shut down as London stations close

As the coronavirus outbreak sweeps across the world, governments, companies and investors are grappling with the biggest public health crisis since the 1918 influenza pandemic, panicked populations and imploding financial mar

World News

Tesla continues production despite Coronavirus lockdown orders: To limit workers at California Factory

Tesla is continuing operations ate its California plant at its Fremont facility despite the Coronavirus lockdown. Reuters reports that the county sheriff’s office said Tesla was not considered an essential business and cann

Car News

Coronavirus pandemic: Beijing hit by record number of imported COVID-19 cases

It was the first time since the virus took hold late last year in Hubei province's capital Wuhan that China has recorded no locally transmitted cases.

Coronavirus pandemic, coronavirus outbreak, Beijing, China, COVID-19 cases, Hubei province, Wuhan, Beijing Capital International Airport News

How true are Baba Ramdev’s claims? Patanjali draws ire over coronavirus cure

Indian healthcare professionals are questioning claims by popular yoga guru and entrepreneur Baba Ramdev who said he has found an ayurvedic remedy that would help ward off coronavirus.

Industry News

Euro 2020 Championship postponed over coronavirus: UEFA

This year's 12-nation Copa America was also postponed until 2021 on Tuesday, the South American Football Confederation (CONMEBOL) said.

Euro 2020, football, euro 2020 schedule, UEFA, FIFA, Europe, Euro football, England, Spain, Italy, France, Germany, Champions League, Europa League, FIFA World Cup qualifier, Copa America, South American Football Confederation, CONMEBOL News

Salesforce hires former banker Arundhati Bhattacharya as India CEO: Report

Bhattacharya previously headed the State Bank of India (SBI), the country's largest lender, and was the first woman to lead the more than 200-year-old bank. She retired from SBI in 2017 after spending four decades in various

Industry News

बैंक खाता खुलवाओ, मास्क फ्री ले जाओ; चीन के बैंकों का अनोखा फंडा

कोरोना वायरस (Corona Virus) ने चीन की इकोनॉमी की कमर तोड़कर रख दी है.

In virus-hit China, banks found unique way to kick start business, open a bank account, get free masks News

‘Single biggest shock’: Airlines, airports battle coronavirus cash crunch

Boeing Co confirmed it is in talks with senior White House officials and congressional leaders about short-term assistance for the entire U.S. aviation sector, including suppliers, airlines and airports.

Airlines, Boeing, US aviation companies, coronavirus, coronavirus cash crunch, flying cargo, passenger jets, US aviation sector,  News

British actor Idris Elba says he has tested positive for coronavirus

"This morning I tested positive for Covid 19. I feel ok, I have no symptoms so far but have been isolated since I found out about my possible exposure to the virus. Stay home people and be pragmatic. I will keep you updated o

Entertainment News

Coronavirus Pandemic: Now China getting more ‘imported coronavirus infections’, local cases almost halt

In contrast, mainland China only had one case of locally transmitted infection on Monday, in Wuhan, capital of central Hubei province where the flu-like disease appeared in humans late last year.

Coronavirus Pandemic, China, coronavirus cases, COVID-19, Beijing Capital International Airport, latest news on Coronavirus News

Boeing in talks for short-term US government assistance

Boeing said late Monday that ready short-term access to public and private liquidity will be one of "the most important ways" for airlines, airports, suppliers and manufacturers to recover.

Boeing, White House, aviation sector, 737 MAX, S&P Global, United States, Donald Trump, latest news on boeing News

Ferrari stops production for two weeks in Maranello, Italy due to Coronavirus

Ferrari said in a statement it had so far ensured production continuity, as it already implemented all the health measures decided by the Italian government at the two sites, located in hometown Maranello and in Modena, in th

Car News

Coronavirus impact: Global airlines slash flying schedules, cut jobs after new travel restrictions

CAPA Centre for Aviation, an airline analysis and consulting firm, said most airlines globally will be bankrupt by the end of May without coordinated government and industry action to avoid such a catastrophe.

Industry News

Next-generation Volkswagen cars to come with new software to avoid accidents

First-generation cars, which are due to go on sale in Europe in the summer, are still being tweaked, said Thomas Ulbrich, the VW brand's board member responsible for electromobility.

Car News

Crude oil prices fall for third day, Brent crude set for biggest weekly drop since 1991

Oil prices were also impacted by record declines in equity markets with Japan's Nikkei 225 falling by 10% on Friday after U.S. markets fell by the most since Black Monday in 1987 on Thursday

Markets News

World markets plunge deepens as coronavirus panic worsens

Australia's benchmark fell 7.6% and is set for its worst week on record, while in South Korea the won was shredded and the Kosdaq fell 8%, triggering a short trading halt.

Markets News

Gold set for biggest weekly drop in nearly 7 years in virus-led sell-off

Spot gold was down 0.9% to $1,562.30 an ounce by 0139 GMT, after a more than 3% sell-off in the previous session. For the week, it was down about 6.7% - the biggest since June 2013.

Commodities News

Wife of Canada PM Trudeau tested positive for Coronavirus

Wife of Canadian Prime Minister Justin Trudeau has tested positive for Coronavirus, the Prime Minister's office said.

Health News

Coronavirus outbreak: Egypt confirms 7 new cases; 45 cases earlier detected on Nile cruise ship in Luxor

Sixty-three tourists on board the infected Nile ship travelled to their home countries on Tuesday and Wednesday after spending a period in quarantine and testing negative, the tourism and antiquaries ministry said on Wednesda

The tourism sector is an important source of hard currency for Egypt. (Reuters image) News

WHO calls Coronavirus a pandemic! UK, Italy announce multi-billion dollar war chests to fight it

The coronavirus, which emerged in China in December, has spread around the world, halting industry, bringing flights to a standstill, closing schools and forcing the postponement of sporting events and concerts.

A pandemic is an epidemic on a far greater geographic scale that affects a much large number of people. (Reuters file image) News
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