World-Business
US futures, world markets rise as investors eye US election
U.S. futures rose and Asia markets were mostly higher on Wednesday as investors took an optimistic stance on the still undecided U.S. presidential election.
India: Reliance's big bourse plan for Jio
Barely three months after reporting a net debt of some USD 21 billion, India's billionaire businessman Mukesh Ambani-owned oil-to-telecom conglomerate Reliance Industries announced its debt-free status in June this year -- all thanks to an unprecedented fundraising spree that helped cheer up the country's bourses amid Covid.
FDI flows to developing economies decreased by 16pc: Unctad
Foreign Direct Investment (FDI) flows to developing economies decreased by 16 percent, less than expected, Unctad said on Tuesday.
Samsung chairman Lee Kun-hee dies at 78
Chairman of South Korea's technological giant Samsung Electronics, Lee Kun-hee, who transformed Samsung into a world-leading innovator and industrial powerhouse from a local business, died. He was 78.
IMF revises down 2020 Asian economy forecast to 2.2-pct contraction
The International Monetary Fund (IMF) on Wednesday revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, reports Xinhua.
Fortunes of China’s internet tycoons soar amid pandemic
Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China’s richest tycoon this year as surging demand for online shopping and other services during the coronavirus pandemic swelled the fortunes of internet entrepreneurs, according to a survey released Tuesday.
IMF: Nearly all Mideast economies hit by pandemic recession
The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two — Lebanon and Oman — are anticipated to see some level of economic growth next year, according to a report published Monday by the International Monetary Fund.
China’s economy accelerates as virus recovery gains strength
China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.
Disney to axe 28,000 jobs
Disney theme Park on Tuesday decided to lay-off 28,000 people in the United States as the coronavirus pandemic hits its parks and resorts business.
Amnesty International to halt India operations after govt freezes bank accounts
Human rights watchdog Amnesty International on Tuesday said that it has been forced to halt its India operations after the government froze several of the organisation’s bank accounts.