Boycott of Chinese goods may not be feasible, Indian exporters say
NEW DELHI: A boycott of goods from China may not be feasible as India is dependent on such imports, although New Delhi...
Oil slips towards $40 on record US inventories, Covid-19 fears
LONDON: Oil slipped towards $40 a barrel on Thursday after a more than 5pc fall the previous session, as record-high US crude...
Lufthansa CEO suggests all staff work less instead of job cuts
BERLIN: Lufthansa Chief Executive Carsten Spohr said on Thursday he wants to avoid job losses at the German airline by persuading unions...
Vaccine makers face biggest medical manufacturing feat in history
CHICAGO/LONDON: Developing a Covid-19 vaccine in record time will be tough. Producing enough to end the pandemic will be the biggest medical...
Vitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itself
GNC Holdings Inc, the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200...
US pilots union asks government to subsidise empty seats on planes
CHICAGO: A major United States (US) pilots union said on Wednesday it has begun discussing with key lawmakers a plan for the...
Oil falls on rising stocks, worries of new virus wave
LONDON: Oil prices fell on Wednesday, reversing the previous session’s surge, as record high inventories and worries about a second wave of...
Microsoft adds to diversity investment, aims to increase number of Black employees
Microsoft Corp on Tuesday set a five-year diversity goal to address racial inequality at its offices, following protests over police brutality against...
WTO predicts 18.5pc fall in global trade in 2Q
'While trade volumes will register a steep decline in 2020, they are unlikely to reach the worst-case scenario projected in April'
Oil up after Trump assurance on China trade deal
LONDON: Oil prices rose on Tuesday in a volatile session after US President Donald Trump soothed jangled nerves over the status of...
US accuses India of unfair practices on charter flights
The US Transportation Department on Monday accused the Indian government of engaging in “unfair and discriminatory practices” on charter air transportation services...
India moves to curb sales of Chinese products to govt agencies
--Sellers instructed to declare the country of origin for goods and services purchased via a state-run online portal
--RSS economic wing lauds decision,...
Sanofi clinches $2bn vaccines deal with Translate Bio
PARIS: French drugmaker Sanofi has agreed a potential $2 billion deal with US biotech company Translate Bio to make vaccines, expanding their...
Saudi Arabia to launch $4 billion tourism development fund
DUBAI: Saudi Arabia plans to start a tourism development fund with an initial $4 billion investment, the ministry of tourism said on...
US economy will likely need more support, Fed’s Rosengren says
The continued spread of the novel coronavirus could hamper the US economic rebound from the pandemic, and more fiscal and monetary support...