Business

LATAM Airlines, South America's largest carrier, on Tuesday said it had laid off 12,600 employees since March or almost 30% of its precoronavirus workforce due to the pandemic that has upended the global travel industry.

Japan's exports extended their doubledigit slump into a fifth straight month in July as the coronavirus pandemic took a heavy toll on shipments to the United States, dashing hopes for a tradeled recovery from the deep recession.

Sources said the Chinese central bank has picked up shares worth Rs 15 crore in Rs 15,000 crore qualified institutional placement (QIP) issue. At current market capitalisation, the stake of People's Bank of China in ICICI Bank is about 0.0065%.

Four Greenpeace activists swam 500 metres to climb on to an unmanned oil production platform operated by Total in the North Sea on Tuesday, prompting the French company to halt output on it.

European shares slipped on Tuesday as simmering political tensions between the United States and China escalated, while concerns over a deadlock on further U.S. fiscal stimulus drove the dollar towards a twoyear low against its rivals.

Global equities markets edged higher and perceived safe havens such as U.S. Treasuries gained on Monday as investors weighed further financial stimulus in China against tightening economic restrictions in Italy after a resurgence of coronavirus cases amon...

Aso made the remark to reporters after attending a phone meeting with finance leaders of the G7 advanced economies.

Oil prices edged lower on Monday on rising coronavirus cases particularly in Europe and tensions between major consumers China and the United States, although China's plans to increase U.S. crude imports curbed the losses.

Gold rose on Monday, consolidating around the $1,950 mark after sliding 4.5% last week, buoyed by a weaker dollar as investors await the fine print on the U.S. Federal Reserve's strategy to stem the economic toll from the coronavirus.

In the 2020-21 Budget, the government revised the format of Form 26AS, stating that all such information from different SFTs would be shown in the new Form 26AS.

As silver has been proven to make bacteria, germs, and viruses inactive, its use as a disinfectant in the ubiquitous sanitiser is now being considered.

The euro zone's trade surplus with the rest of the world jumped in June to 21.2 billion euros ($25 billion) as the bloc's drop in imports of goods outpaced the fall of exports amid a global decline in the trade due to the COVID19 pandemic.

Germany's economy, which has been hit hard by the coronavirus pandemic, will expand strongly in the third quarter but a full recovery will take a long time, the Economy Ministry said on Friday.

Indonesian President Joko Widodo on Friday proposed to parliament a 2,747.5 trillion rupiah ($186.08 billion) budget for 2021 and pledged to continue efforts to support the economy amid uncertainties surrounding the coronavirus pandemic.

Britain will buy potential COVID19 vaccines from U.S. drugmakers Johnson & Johnson and Novavax Inc, the companies said on Friday, bringing the total number of deals by the UK government to six as the race for shots heats up.

China's search engine giant Baidu Inc on Thursday forecast thirdquarter revenue marginally below Wall Street estimates and warned of low visibility in business due to uncertainty from the coronavirus crisis.