Uber Eats is closing down operations in eight markets, including Saudi Arabia and Egypt Uber says its core rides business was unaffected in all of the markets JEDDAH: Uber Eats announced the suspension of its services on Monday, considering it their last working day before removing its service completely from […]
Business
ITC is one of India’s top consumer goods companies with annual sales of $11 billion ITC said the attendance of some workers in April was irregular while some had not reported at all NEW DELHI: Indian consumer goods giant ITC has warned some workers of disciplinary action and pay cuts […]
The world event was originally set in October this year. The bureau said a required two-thirds of the countries in the organization had voted to approve the delay DUBAI: Dubai’s Expo 2020 world’s fair will be delayed to Oct. 1, 2021, over the new coronavirus pandemic, a Paris-based […]
ISLAMABAD: There was no need for people to panic-buy oil products as Pakistan had “sufficient stocks”, the Ministry of Energy’s Petroleum Division said on Sunday. The statement was issued following reports speculating on a shortage in the country’s fuel reserves. The Petroleum Division noted that high sales volumes were witnessed […]
President Trump’s chief economic adviser Larry Kudlow said Sunday the U.S. economy could see a historically high growth rate in 2021 despite the current economic contraction caused by coronavirus. “President Trump cut taxes and regulations for middle-income folks, better trade deals, boosting the energy system, that worked. We had terrific […]
International shares had a weak start to the week, and oil prices declined, with disappointing corporate earnings and concerns about economic growth putting pressure on markets. In morning trading in Hong Kong, E-mini S&P 500 futures retreated 0.8%, suggesting U.S. shares could fall on Monday. Benchmarks in the region fell, […]
Stock sectors with the heaviest amount of passive ownership—by index funds and sector-focused ETFs—fell even more than the broad market during the selloff this year, a study found. Jun Zhu, a portfolio manager at Leuthold, analyzed data from the early weeks of the rapid market slide prompted by the pandemic. […]
Warren Buffett admits his billions haven’t afforded him any greater insight into addressing the COVID-19 pandemic than anyone else in the U.S., and he’s not sure what its long-term effects on the economy might be. What the 89-year-old billionaire is sure about, he told investors in a pared-down version of […]
President Donald Trump has picked the worst possible time to relaunch his trade battle with China. The coronavirus pandemic is crushing the US and global economies. Unemployment is soaring. GDP is collapsing at an unprecedented pace. Corporate profits are plunging. Manufacturing is contracting. Yet Trump could amplify that financial […]