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Russia leapfrogs Saudi Arabia as China's top crude oil supplier in April BEIJING/SINGAPORE (Reuters) - Russia overtook Saudi Arabia as China's top crude oil supplier in April, customs data showed, with imports rising 18% from the same month a year earlier as refiners snapped up cheap raw materials amid a price war between ...
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Uber-rival Bolt raises 100 million euros TALLINN (Reuters) - Ride-hailing service Bolt said on Tuesday it has raised 100 million euros ($109 million) from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros. Bolt said the funding ...
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India first quarter GDP growth likely to be weakest since 2012: Reuters poll BENGALURU (Reuters) - India's economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown, a Reuters poll predicted. FILE PHOTO: A vendor waits for customers ...
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Breakingviews-Meituan Dianping cooks up some tasty scraps HONG KONG (Reuters Breakingviews) - Like a clever chef on a reality cooking show, Meituan Dianping managed to take some unappetising ingredients and turn them into a palatable dish. Covid-19 hit the takeaways-to-taxis giant, whose quarterly sales fell ...
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Online Grocery Service JioMart Launches In India Reliance Industries, aiming to compete in India with Walmart's Flipkart and Amazon's delivery services, has launched JioMart as a food delivery service for the country's massive market. The new service will offer free express delivery from India's local mom 'n' ...
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Australia's New Century takes aim at Vale's New Caledonia assets MELBOURNE (Reuters) - Australia's New Century Resources Ltd (NCZ.AX) said on Tuesday it was in talks with Brazilian miner Vale SA (VALE3.SA) to buy its nickel and cobalt operations on the Pacific island of New Caledonia. Vale said it received ...
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Samsung develops new security chip for smartphones Image: Samsung. Samsung has launched a new secure element (SE) chip to protect private and sensitive data on mobile devices, the company said on Tuesday. The chip, dubbed S3FV9RR, will be offered as a standalone turnkey with security software, ...
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LATAM announces reorganization to ensure long-term sustainability SANTIAGO, Chile, May 26, 2020 /PRNewswire/ -- LATAM Airlines Group S.A. ("LATAM") (NYSE: LTM; SP IPSA: LTM) and its affiliates in Chile, Peru, Colombia, Ecuador and the United States today initiated a voluntary reorganization and restructuring of their ...
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Bank of Japan's Kuroda says ready to do more for economy after emergency lifts By Leika Kihara. TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank may take more steps to cushion the economic impact from the coronavirus pandemic, maintaining his gloomy outlook even as a state of ...
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Business Live: Sensex rallies over 400 points in opening session; Nifty tops 9100 Join us as we follow the top business news through the day. 10:40 AM. Indian stocks' performance this year to be worst since 2011. Not very encouraging news for investors in Indian equities. Reuters reports: "Indian stocks will not recoup this year's losses ...
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Intesa expected to give preliminary green light to state-backed loan for FCA Fiat Chrysler (FCA) earlier this month said its Italian unit was working with Rome and Intesa Sanpaolo, Italy's biggest retail bank, to obtain state guarantees on a loan facility designed to help the group's operations in the country and the whole Italian ...
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Uber India lays off people as coronavirus lockdown eats up revenues; lets go of this many employees Ride hailing app Uber has retrenched hundreds of its employees in India, after recently announcing pay cuts and layoffs for its employees, as coronavirus eats up revenues. Share · Next. The company has announced that 600 employees in its India unit will no ...
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Bharti Airtel plunges 5% as promoters look to sell Rs 7600 crore worth stocks via block deals NEW DELHI: Shares of Bharti Airtel tanked 5 per cent in Tuesday's trade as parent Bharti Telecom was looking to raise $1 billion by selling shares in the mobile phone operator through a block deal at Rs 558 a unit, according to a term sheet of the planned ...
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Asset recast companies seek a bite of RBI's special funds pie Mumbai: Asset reconstruction companies (ARCs) are seeking liquidity support from the Reserve Bank of India's initiative to provide long-term funds at repo rate to banks for specific investments, two people in the know said. ARCs have written to central bank ...
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Avenue Supermarts declines 5% as Q4 EBITDA margin contracts 68 bps YoY Shares of Avenue Supermarts, the D-Mart retail chain operator, skid 5 per cent in the early morning trade to Rs 2,282 on the BSE on Tuesday on profit booking after the company's January-March quarter (Q4FY20) results disappointed investors on the margin ...
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Lockdown strains another romance: California and Elon Musk SAN FRANCISCO — The love affair between California and Elon Musk has started to sour. Musk's electric-car company, Tesla Inc., is California's dream of a greener economy made real, growing from scrappy Silicon Valley startup to the world's ...
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Ethernet Test Equipment Market 2020-2024 | Demand for High-Speed Ethernet to Boost Growth | Technavio Technavio has been monitoring the ethernet test equipment market and it is poised to grow by USD 1.52 billion during 2020-2024, progressing at a CAGR of about 12% during the forecast period. The report offers an up-to-date analysis regarding the current ...
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US drilling industry says offshore ban would crush jobs, government revenues (Reuters) - A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore ...
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Next-Gen Mercedes-Benz S-Class teased: Unveil confirmed later this year The next-generation Mercedes-Benz S-Class will make its debut before the end of 2020 and like always it will come loaded with the range of new technologies. By:Rahul KapoorUpdated: May 26, 2020 10:21:10 AM. At the first episode of the "Meet Mercedes ...
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Motorhome operator slashes prices to kickstart domestic travel New Zealand's biggest motorhome operator Tourism Holdings has come up with a way to give Kiwis a bucket list road trip while putting a little cash into its Covid-19 smashed balance sheet. In a bid to get the country moving again, the NZX-listed tourism ...
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Gaming Control Board to give update on safety guidelines for resorts on Tuesday LAS VEGAS (KLAS) — On Tuesday, The Gaming Control Board will be giving an update on safety guidelines for resort hotels. The board will give a presentation and discuss safety protocols regarding reopening plans. Several casinos have already set dates ...
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Harris Technology returns to profitability Harris Technology is set to return to profitability for the 2020 financial year thanks to a boost in consumer PC and personal protective equipment (PPE) sales on the onset of the COVID-19 pandemic. The online retailer said it expects to deliver profit before tax ...
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Top Artificial Intelligence Trends that will Change the Decade As we began the new decade, technology is changing by leaps and bounds. The initial predictions for 2020 point to a serious integration of AI and human experience to study how Intelligent Automation technologies can be used to augment an enterprise ...
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New Immigration Rules Could Harm Home-Based Care Workforce Amid the coronavirus, the Trump administration has rolled out a number of changes to the U.S. immigration system, including travel restrictions and a move last month to suspend most immigrant visas for 60 days. President Donald Trump said the goal was to ...
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