Business
Trump Backs Revoking Tariff Exemption For Some Solar Panel Imports
U.S. President Donald Trump on Saturday signed a proclamation underscoring his support for revoking an exclusion from tariffs on some imported doublesided solar panels, and for raising the planned tariff rate to 18% for 2021 from 15%.
South Sudan To Change Currency To Improve Economy - Government Spokesman
South Sudan's cabinet agreed on Friday to change the country's currency in order to improve the economy, the government spokesman said, without giving further details.
No Significant Benefit of Umifenovir in Covid-19 Treatment, Says Glenmark
As per the results that Glenmark presented to the regulator, the study showed no superior clinical outcomes with the addition of Umifenovir, it added.
Exclusive: HSBC Targets Net Zero Emissions By 2050, Earmarks $1 Trillion Green Financing
HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, its Chief Executive Noel Quinn told Reuters.
Many Powerful Reasons as to Why It's Risky to Permit Huawei in India: Ex-R&AW Chief
His assessment comes at a time when the government is yet to take a final decision on allocating radiowaves despite telecom operators applying for spectrum to start 5G trials.
Forbes India Rich List 2020: Mukesh Ambani India's Richest, Gautam Adani at No 2; Full List
Ambani’s RIL raised over $20 billion for Jio and saw big investments in Reliance Retail from Facebook, Google, Silver Lake among others.
Suedzucker Earnings Surge 142%, Sugar Sector Performs Well
Suedzucker, Europe's largest sugar refiner, on Thursday posted a 142% rise in quarterly earnings and repeated expectations of increased fullyear profits with its sugar sector and biofuels performing well.
Givaudan Sales Growth Accelerates In Third Quarter As Perfumes Improve
Flavour and fragrance maker Givaudan said likeforlike sales growth accelerated to 3.1% in the third quarter as demand for items like toothpaste and soap held up and sales of perfume improved slowly.
Eli Lilly Applies For Emergency Use Of Antibody Drug For COVID-19
Eli Lilly and Co on Wednesday said it applied for U.S. emergency use authorization (EUA) for its experimental COVID19 antibody treatment and plans to pursue a similar approval for a dual antibody therapy next month after it produced promising data.
Facebook Braces For Contested Election, Voter Intimidation
Facebook said its readied new safeguards for the 2020 U.S. elections that have it better prepared to deal with candidates who prematurely declare victory or contest official results and the possibility of voter intimidation by alleged and potentially arm...
Ruby Tuesday, Hit By COVID Closures, Files For Bankruptcy
Ruby Tuesday is filing for bankruptcy protection, the latest casual restaurant chain to suffer from coronavirus-related closures and changing consumer habits.
Centre Rejects Mills' Plea to Import Raw Jute from Bangladesh
"Considering the monthly consumption of raw jute which has been indicated to be in the range of 5.5 lakh bales, and the current arrival in the market, there is enough raw jute available for the coming months and there is no urgency for immediate import,"...
Stimulus to Revive Economy Should Continue for Three Years, Says Former Chief Statistician Pranob Sen
He said when COVID-19 struck India and the lockdown began, there was already a negative momentum in the economy and capacity utilisation had gone down.
Trump Urges Congress To Provide $25 Billion Bailout For U.S. Airlines
U.S. President Donald Trump said late on Tuesday Congress should quickly extend $25 billion in new payroll assistance to U.S. passenger airlines furloughing thousands of workers as air travel remains down sharply amid the coronavirus pandemic.
Alteryx, MoneyGram Rise; Sonos, Charles Schwab Fall
Stocks that moved heavily or traded substantially Tuesday:
S&P, Nasdaq Dip As Powell Warns On Economic Recovery
The S&P 500 and the Nasdaq retreated on Tuesday as Federal Reserve Chair Jerome Powell warned the U.S. economic recovery remained far from complete, with a selloff in some of the biggest technology companies also weighing on sentiment.