Business News
page: 1
next
Learn to write with Ruskin Bond or act with Manoj Bajpayee – Unluclass shows you how
Read full article Rekha Balakrishnan ( ) 30 July 2021, 2:40 am·4-min read The pandemic may have brought life around us to a standstill in many ways, but it has ensured learning goes on – in every form imaginable, thanks to the focus shifting online. While
M-Bar Sports Grill announces multimillion-dollar expansion, leading to more concerns
M-Bar Sports Grill to add amphitheater, several other developments in massive expansion in northeast Jackson. ...
Castle Hospitality Group names new leadership
Castle Hospitality Group has appointed new general managers at two of its
The week in Philadelphia-area bankruptcies: Accustar Inc. and Advanced Plastix Inc.
Philadelphia-area bankruptcy courts recorded two business filings during
Fine Print: West Chester building sells for more than $20M; Navigate Corp. renews Center City lease
A roundup of recent real estate transactions across the Philadelphia region. ...
Fuel prices to increase across the board
Fuel and gas prices will increase across the board from August 1st, due to market optimism which is supported by accelerating vaccination rates in several countries and easing of travel restrictions. The Fijian Competition and Consumer Commission says the
India, US to virtually co-host Indo-Pacific Business Forum in October
India and the US will virtually co-host the fourth annual Indo-Pacific Business Forum (IPBF)
With new negative list unveiled, what China's further opening-up means for world?
Customers visit a duty-free shop in Haikou, south China's Hainan Province, Jan. 31, 2021. [Photo/Xinhua] Foreign investors may smell new opportunities of tapping into the Chinese market, as the country has recently rolled out its first negative list in
Volta Regional Coordinating Council emerges best performing in 2020
The Local Government Service (LGS) has rated the Volta Regional Coordinating Council (VRCC) as the top performing among the 16 regions for the year 2020. The rankings were released by the Office of the Head of the LGS, following a monitoring and verification
State-owned enterprises post GHC 586.4m losses in 2019
The value of Ghana’s 126 State-Owned Enterprises (SOEs) is GH?110 billion, representing approximately 27% of the nation’s 2020 gross domestic product (GDP). Prudent management to generate 10% return on the assets can generate GH?11 billion to the national
Northern Colorado Regional Airport adds nonstop flights to Los Angeles
FORT COLLINS and LOVELAND — The Northern Colorado Regional Airport has added nonstop flights to Los Angeles, its first commercial route since its new air traffic control system went online in March 2020, the airport said Thursday in a news release. The airport
Health Issues Force Cleveland Indians Manager Terry Francona To Step Away For Remainder Of Season
Hip replacement surgery to be followed by foot surgery five or six weeks later. ...
New report calculates damage of COVID-19 on tourism economy at $34B
A reported just released estimates that the pandemic resulted in a $34 billion drop in total economic input when considering direct, indirect and induced sources — direct visitor spending, suppliers and vendors, and employee spending. People walk along the
Vici making progress toward Venetian, Palazzo, Sands Expo buy
Sands Expo and Palazzo on the Strip in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto Executives with the real estate investment trust involved in the deal to acquire The Venetian, Palazzo and Sands Expo & Convention Center say
USDCHF DAILY entry identification/pattern analysis
Go to the source via the link below to view the video. ...
Lateral Sparks: The Business Creativity Quiz, Edition 2
This weekly quiz from YourStory tests your domain knowledge, business acumen, and lateral thinking skills (see last week’s quiz here). In this second edition of the quiz, we present five issues tackled by real-life entrepreneurs in their startup journeys. What
Pakistan’s regional exports rise 9pc in FY21
ISLAMABAD: Pakistan’s exports to nine regional countries posted growth of 9.14 per cent while imports grew by nearly 36pc in FY21 from a year ago, latest data released by the State Bank of Pakistan showed. The country’s exports to Afghanistan, China,
Expansion of existing LNG terminals opposed
ISLAMABAD: Amid rising number of unaffordable bids, the Petroleum Division has opposed capacity enhancement of existing terminals of liquefied natural gas saying it would lead to competition barrier and create private monopoly. “Allowing Terminal-1 (of Engro
Tarin sees production of affordable vehicles under new policy
ISLAMABAD: The draft Auto Industry Development and Export Policy (AIDEP) is aimed at promotion of auto industry in the country by increasing the production of cars, motorcycles, tractors at affordable rates,
Services International Hotel to be auctioned next month
ISLAMABAD: The auction of Lahore’s Services International Hotel (SIH) will take place in the first week of August while the transaction is expected to be completed by early September, the Privatisation Commission (PC) announced on Thursday. During the weekly
SNGPL wants connections quota to be raised to 1.2m
LAHORE: The Sui Northern Gas Pipelines Limited (SNGPL) says that the only way the company can clear its backlog of millions of applications for new connections in Punjab and Khyber Pakhtunkhwa in the next three years is to increase its annual quota to 1.2
HBL profit crosses Rs18bn
KARACHI: Habib Bank Ltd (HBL) on Thursday announced that its profit-after-tax (PAT) rose to Rs18.029 billion with earnings per share (EPS) at Rs12.04 in the first half of calendar 2021 compared to PAT Rs15.188bn and EPS Rs10.32 in January-June 2020. It also
Stocks take heart from NCOC opposition to lockdown
KARACHI: With the KSE-100 index plummeting a day earlier, the steep drop also in early hours on Thursday prepared investors to endure another day of bloodbath. But after a seesaw day, the index closed flat with a minor bruise of 5.70 points, or 0.01 per cent,
Carl Levin, Michigan U.S. senator for 36 years, dead at 87
Former U.S. Sen. Carl Levin, a Michigan Democrat from a prominent political family who served Michigan in the U.S. Senate for 36 years, has died at age 87, the Levin Center at Wayne State University announced Thursday night. Born Carl Milton Levin in
Flight attendants report high frequency of unruly passengers
DALLAS (AP) — Nearly one in five flight attendants say they have witnessed physical incidents involving passengers this year, and their union is calling for criminal prosecution of people who act up on planes. A union survey supports what airlines and federal
Union wins Qantas ground crew outsourcing court challenge
The Federal Court finds in favour of the Transport Workers Union against Qantas in a case challenging the outsourcing of about 2,000 ground crew jobs by the airline. ...
Neoenerg�a starts operations of wind power complex in northeastern Brazil
RIO DE JANEIRO, BRAZIL - Neoenerg�a, the second-largest
Bigger ships, more frequent and severe transit delays
Severely disruptive events often expose previously unseen or underappreciated vulnerabilities. Add to the list how the trend toward increasingly mammoth vessels is making global supply chains even more fragile. When national lockdowns stopped or slowed the
New way to use points when you can’t fly
Qantas has found a way to help frequent flyer members use their points while waiting for international borders to reopen. ...
The person to get in your career corner
GENERATION Z is encouraged not to wait until they start their careers to find a mentor to help guide them, as many struggle with their chosen path during tertiary study or not long after they finish their qualification. ...
Origin flags $2.25bn hit as power prices tumble
Origin Energy will take a $2.25bn hit to the value of its business in its annual financial results as wholesale electricity prices tumble, with the energy major warning it faces “significant headwinds” going forward. ...
US economy grows at annualized 6.5% in Q2
Staff workers serve customers outside an Apple store on Fifth Avenue of New York City, the United States, June 17, 2020. [Photo/Xinhua] The U.S. economy grew at a lower-than-anticipated annual rate of 6.5 percent in the second quarter, marking the return to an
Market exchange rates in China -- July 30
BEIJING, July 30 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S.
Tycoon's $8 billion surge unseats Samsung heir as richest South Korean
SEOUL (BLOOMBERG) - Brian Kim, the founder of South Korean messaging giant Kakao Corp, has seen his fortune jump by more than US$6 billion (S$8.1 billion) this year, propelling him to the top of the country's wealth ranking. Mr Kim is now worth US$13.5
Matthews International: Fiscal Q3 Earnings Snapshot
Matthews International Corp. (MATW) on Thursday reported fiscal third-quarter earnings of $3.4 million. The Pittsburgh-based company said it had net income of 10 cents per share. Earnings, adjusted for non-recurring ...
JMP: Q2 Earnings Snapshot
JMP Group Inc. (JMP) on Thursday reported second-quarter profit of $3.6 million. The San Francisco-based company said it had earnings of 17 cents per share. Earnings, adjusted for non-recurring costs, ...
Cousins Properties: Q2 Earnings Snapshot
Cousins Properties Inc. (CUZ) on Thursday reported a key measure of profitability in its second quarter. The results topped Wall Street expectations. The Atlanta-based real estate investment trust said it ...
Beazer: Fiscal Q3 Earnings Snapshot
Beazer Homes USA Inc. (BZH) on Thursday reported fiscal third-quarter net income of $37.1 million. On a per-share basis, the Atlanta-based company said it had profit of $1.22. Earnings, adjusted ...
Archrock Inc.: Q2 Earnings Snapshot
Archrock Inc. (AROC) on Thursday reported second-quarter net income of $8.8 million, after reporting a loss in the same period a year earlier. The Houston-based company said it had profit ...
Southwestern Energy: Q2 Earnings Snapshot
Southwestern Energy Co. (SWN) on Thursday reported a loss of $609 million in its second quarter. On a per-share basis, the Spring, Texas-based company said it had a loss of ...
Disneyland and other parks are requiring masks indoors, regardless of vaccination status
Responding to state and local
Tribes seek order banning digging at Nevada lithium mine
Two tribes that joined a legal battle over plans to build a mine at the largest known U.S. deposit of lithium urged a judge Thursday to temporarily ban digging for ...
Colorado AG Warns Ransomware Could Have ‘Disastrous Consequences’ For Small Businesses
– The recent ransomware attack on software provider Kaseya served as a wake up call for many small businesses. Companies in more than a dozen countries found their data encrypted before the Fourth of July holiday weekend, in the single largest ransomware
[Startup Bharat] Launched in a kitchen with Rs 5k, D2C beauty brand Juicy Chemistry aims to end year with Rs 25 Cr revenue
Read full article Sindhu Kashyaap ( ) 30 July 2021, 3:45 am·8-min read During a routine Sunday shopping at a mall, Megha Asher, who was then running a fashion line, and her husband Pritesh Asher, who was running the family petrochemicals business,
Red Hat And Nutanix Announce Strategic Partnership To Deliver Open Hybrid Multicloud Solutions
Red Hat, the world’s leading
Go Bus Acquires McDermott Coachlines As It Expands Operations In The South
Go Bus, New Zealand’s leading
Farmers seek P15,000 production subsidy amid calamities
As the agriculture sector continues to sustain damages due to non-stop monsoon rains, Kilusang Magbubukid ng Pilipinas (KMP) had sought Congress to grant a P15,000 production subsidy for small farmers during calamities. (Keith Bacongco/ File photo/ MANILA
Group raise concern over approval of Golden Rice's commercial propagation
Rice Watch Action Network, Inc. (R1) has raised concern over the government’s approval of the commercial propagation permit of the so-called Golden Rice, a genetically modified (GM) rice variety infused with vitamin A. (Keith Bacongco/ File photo/ MANILA
China's business environment at ports further optimized
China has taken a slew of measures to optimize its business environment at ports and facilitate cross-border trade, said the General Administration of Customs
Xinjiang's GDP rises 9.9% in H1
Photo taken on July 13, 2019 shows a morning view of Urumqi, northwest China's Xinjiang Uygur Autonomous Region. [Photo/Xinhua] The gross domestic product (GDP) of northwest China's Xinjiang Uygur
Chinese shares rebound amid improving sentiment
Chinese stocks bounced back with across-the-board gains Thursday, ending a losing streak as market sentiment recovered. The benchmark Shanghai Composite Index rose 1.49 percent to close at 3,411.72 points while the Shenzhen Component Index jumped 3.04 percent
CATL launches its first-generation sodium-ion battery
Contemporary Amperex Technology Co., Ltd. (CATL), China's leading automotive lithium-ion battery maker, unveiled its first-generation sodium-ion battery on Thursday. The
China's housing ministry moves to stabilize city real estate
China's housing authorities on Thursday held a regulatory talk with officials in five cities and urged them to stabilize the property markets in the wake of
Huawei's HarmonyOS 2 users exceed 40M
Screenshot taken on June 2, 2021 shows the online launch ceremony of Huawei's operating system HarmonyOS 2 for smartphones in
Shanxi opens freight train service to Turkey
A new direct China-Europe freight train service was launched on Thursday,
Chinese yuan strengthens to 6.4602 against USD Friday
BEIJING, July 30 (Xinhua) -- The central parity rate of the Chinese currency renminbi,
Chinese battery giant launches its first-generation sodium-ion battery
FUZHOU, July 29 (Xinhua) -- Contemporary Amperex Technology Co., Ltd. (CATL), China's leading automotive lithium-ion battery maker, unveiled its first-generation sodium-ion battery on
Experts sure any moves by US Fed won't affect nation's policy much
Macroeconomic experts in China said on Thursday the US Federal Reserve's latest signal that it may taper $120-billion-a-month purchases of Treasurys and mortgage bonds would not unduly affect the country's current financial condition. That is because Chinese
Govt building robust framework to expand domestic revenue collection - Ofori-Atta
Government is building a robust framework to expand domestic revenue mobilisation with a focus on compliance and enforcement nationwide. Mr Ken Ofori-Atta, the Minister of Finance, said Government has, therefore, established the Revenue Assurance and
Ghana to develop home-grown strategy to extract fossil fuel
Ghana will develop a home-grown strategy to extract fossil fuel, Mr Ken Ofori-Atta, the Minister of Finance, has said on Thursday. He noted that given the prevailing sentiments around energy transition, there was a strong possibility that
Central Bank governor praises cryptocurrency technology but warns against instability
Central Bank governor Gabriel Makhlouf has warned that the risks to financial stability and consumer protection posed by cryptocurrencies are increasing as more individuals become involved in trading them. But he also endorsed the technical architecture behind
Pandemic insurance policies the focus of complaints to financial services ombudsman
Nearly one in five pandemic-related complaints to the Financial Services and Pensions Ombudsman (FSPO) involved business interruption claims as the fallout from Covid continued to ripple through the insurance industry. The FSPO has so far received 1,051
Ballymun was world’s top-selling Ikea store when it reopened
Ikea’s Ballymun store in Dublin sold more of the Swedish self-assembly giant’s furniture flatpacks, kitchen and household goods and knick knacks than any other in the world when it reopened in May. According to a spokesperson for Ikea Ireland “on reopening day
Consumers embrace the ‘going out economy’ as lockdowns ease
Pandemic spending trends went into reverse in June as consumers cut back on grocery stores and online shopping and splurged on accommodation and outdoor dining, according to credit and debit card statistics from the Central Bank. Staycationers flocked to
Revenues tumble by 52pc at Covid-hit Dublin Bus
Operating revenues at Dublin Bus plunged by €138m, or more than 52pc, last year due to the impact of the Covid-19 pandemic. That is according to the 2020 annual report for Dublin Bus which shows that State subsidies increasing from €40m to €147m last year
Robinhood falls flat in dismal Nasdaq debut
Shares of Robinhood Markets fell more than 10pc after opening flat in their Nasdaq debut yesterday, valuing the online brokerage at about $28bn, a dismal reception to one of the most hotly anticipated listings of the year. Shares fell to $34 (€27) in early
Volkswagen, Airbus and Royal Dutch Shell among European companies to report bumper earnings
Carmaker Volkswagen, plane maker Airbus and energy giant Royal Dutch Shell all posted bumper financial earnings yesterday reflecting a generally buoyant mood among European companies emerging from the coronavirus pandemic. European stocks hit record highs,
Home building is back to pre-Covid levels after surge led by apartments
Home building has bounced back to pre- pandemic levels, with more than 5,000 new homes completed over the past three months. The resurgence is mainly driven by Dublin and apartment developments, but all areas have seen a rapid return to business after the
Tatva Chintan more than doubles on market debut
Mumbai: A buoyant primary market has taken centre stage in the past one and a half month while the secondary market has taken a back seat in July month with the benchmark indices moving in a tight and narrow range despite the busy earnings season. Thursday
June Quarter gold demand 4th lowest since 2000
Chennai: Gold saw the fourth lowest quarterly demand in the domestic market in the June quarter since 2000, while the half-year demand for the metal was below the 10-year average demand. Considering the pandemic situation, the World Gold Council has refrained
Gaming and Leisure Properties: Q2 Earnings Snapshot
Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a key measure of profitability in its second quarter. The results topped Wall Street expectations. The real estate investment trust, based ...
Orchid Island: Q2 Earnings Snapshot
Orchid Island Capital Inc. (ORC) on Thursday reported a second-quarter loss of $16.9 million, after reporting a profit in the same period a year earlier. The Vero Beach, Florida-based company ...
LTC: Q2 Earnings Snapshot
LTC Properties Inc. (LTC) on Thursday reported a key measure of profitability in its second quarter. The results fell short of Wall Street expectations. The Westlake Village, California-based real estate ...
US Ecology: Q2 Earnings Snapshot
US Ecology Inc. (ECOL) on Thursday reported a loss of $4.2 million in its second quarter. The Boise, Idaho-based company said it had a loss of 13 cents per share. ...
Hercules Tech: Q2 Earnings Snapshot
Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported second-quarter profit of $82.7 million. On a per-share basis, the Palo Alto, California-based company said it had profit of 65 cents. ...
Expo to fortify China-ASEAN trade ties
The upcoming 18th China-ASEAN Expo will facilitate China and the 10-member Association of Southeast Asian Nations to further diversify trade ties under regional free trade agreements, and support the recovery of the global economy, said senior government
New measures in pipeline to facilitate trade under RCEP
Moves include rules of origin to help firms and partners enjoy benefits of agreement The General Administration of Customs is working on a number of measures, including rules of origin of imported and exported goods, to help domestic companies cut costs and
Summer season drives rise in domestic air biz
Domestic carriers are seeing booming business this summer, with airlines using more wide-body aircraft to operate some routes in a small peak of the domestic air travel market. The period between July 1 and Aug 31 is the summer flying season in China. This
Personalized, customized travels a niche in nation
Personalized or customized travels, some emerging niche destinations as well as safe and flexible tours, are expected to gain popularity among Chinese tourists in the second half, according to the China branch of Airbnb, a United States-based services provider
6 Common Reasons Your Insurer Denied Your Home Insurance Claim | ClaimsMate
Go to the source via the link below to view the video. ...
The Latest: WVirginia to study if some should get 3rd shot
NEW YORK — U.S. health officials are expected to release new data about the spread of COVID-19 on Friday that led to their decision to recommend that vaccinated people wear masks in some situations, a reversal of previous guidance. The report, to be
Names of 2 killed in Texas chemical plant leak released
HOUSTON (AP) — Authorities on Thursday released the names of two workers who died in a chemical leak at a Houston-area plant that also injured dozens of others. Dustin Day, 36, and Shawn Kuhleman, 32, died after about 100,000 pounds (45,359 kilograms) of a
New Russian lab briefly knocks space station out of position
A newly arrived Russian science lab briefly knocked the International Space Station out of position Thursday when it accidentally fired its thrusters. For 47 minutes, the space station lost control of its orientation when the firing occurred a few hours after
Congress passes bill to fund Capitol security, Afghan visas
WASHINGTON (AP) — Congress overwhelmingly passed emergency legislation Thursday that would bolster security at the Capitol, repay outstanding debts from the violent Jan. 6 insurrection and increase the number of visas for allies who worked alongside Americans
Robinhood CEO tells AP it’s eyeing expansion beyond trading
NEW YORK (AP) — Robinhood has already changed how people trade stocks and who’s doing it. Now its sights are on the rest of the financial industry. Shares of Robinhood Markets traded for the first time on the Nasdaq Thursday, following the highly
Shore Bancshares: Q2 Earnings Snapshot
EASTON, Md. (AP) _ Shore Bancshares Inc. (SHBI) on Thursday reported second-quarter net income of $4 million. The Easton, Maryland-based bank said it had earnings of 34 cents
Heartbroken parents to sue a year after 9 troops died at sea
OCEANSIDE, Calif. (AP) — The families of eight Marines and one sailor who died when their amphibious assault vehicle sank off the Southern California coast last summer plan to sue the manufacturer of the vehicle that resembles an armored seafaring tank, their
As Biden’s infrastructure plan advances, can GOP get to yes?
WASHINGTON (AP) — For President Joe Biden and the senators laboring over a nearly $1 trillion infrastructure package, there’s just one question left: Can enough Republicans get to yes? Seventeen GOP senators joined all Democrats in voting this week to start
Lawmakers form bipartisan Uyghur Caucus to underscore China
By Reena BhardwajWashington , July 30 (ANI): US lawmakers Tom Suozzi and Chris Smith on Thursday (local time) announced the creation of the Congressional Uyghur Caucus that they said would raise awareness of the Chinese Community Party's (CCP) "systemic human
Banks should cooperate more to face COVID crisis: Kerala CM
Thiruvananthapuram (Kerala) , July 30 (ANI): Kerala Chief Minister Pinarayi Vijayan on Thursday said banks should cooperate more to face the economic crisis created by the COVID pandemic. The Chief Minister was addressing a meeting of the State Level Bankers'
Banks will cough up nearly R400k for each ATM destroyed during unrest
Replacing ATMs damaged during the recent unrest will cost banks R385 000 each - on average.But some may cost more, and the cost of rebuilding branches will be significantly higher.However, the Banking Association of SA says its members are committed to
Strong economic data propels U.S. stocks to new highs
NEW YORK, New York - The U.S. economy is back at its pre-pandemic level, but for how long? U.S. investors believe it's back permanently, as stocks took off on Thursday. The Commerce Department reported GDP rose at a 6.5% annualized pace in the second quarter,
Supply constraints weigh on U.S. corporations' operating results
© Provided by Xinhua The global semiconductor shortage could potentially stretch into 2023. It could take one or two years to get back to a reasonable supply-and-demand balance in the semiconductor industry, said Intel CEO Pat Gelsinger, who expects
