Los Angeles Police Department commander Cory Palka stands among several destroyed police cars as one explodes while on fire during a protest over the death of George Floyd, Saturday, May 30, 2020, in Los Angeles.Mark…
Trump on China: ‘100 Trade Deals’ wouldn’t make…
U.S. President Donald Trump meets with China's President Xi Jinping at the G20 leaders summit in Japan, June 29, 2019.Kevin Lamarque | ReutersWASHINGTON – President Donald Trump on Wednesday said any benefits from the U.S.…
Slowdown in America’s retail sector to hit Indian…
BENGALURU: IT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough employees, analysts said. Infosys, Cognizant, Tata Consultancy Services and Wipro service the retail…
Venture investments decline 73 per cent to USD…
Venture investment activity continued its southward journey for April as well, declining 73 per cent to USD 881 million (about Rs 6,632 crore) as compared to the year-ago period, and there was no commitment from…
Bill Miller doesn’t see market as ‘dramatically overvalued,’…
Bill Miller, founder of Miller Value Partners, disagreed Wednesday with the assessment made by other major investors about the market's valuation being too high. "If you look at the overall market ... we're trading around 17…
Fed’s Powell warns of prolonged economic weakness, calls…
WASHINGTON: Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, warned on Wednesday of an "extended period" of weak growth and stagnant incomes,…
UK economy posts sharpest monthly decline on record…
U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures released Wednesday, as lockdown measures began to hammer economic activity in the country.It represents the biggest monthly fall since the…
Twitter tells employees they can work from home…
Twitter CEO Jack Dorsey arrives at the "Tech for Good" Summit in Paris, France May 15, 2019.Charles Platiau | ReutersTwitter has told employees that they can keep working from home "forever" if they wish. In a…
COVID-19: Time to be cautious, conservative, prudent wherever…
MUMBAI: Financial services-focused Edelweiss Group has restricted spending to the minimum because of liquidity concerns arising out of the inability to get benefits of loan repayment moratoriums, its chairman Rashesh Shah has said. "While we…