Indonesia Embarks On Five-Year, $97 Billion Infrastructure Plan To Revive Economy
The project includes new airports, seaports, factories and roads.
OPEC, Russia May Extend Output Cuts To Support Crude Prices, But Timeline Uncertain
However, Saudi Arabia and Russia have not agreed on a timeline for cuts
George Floyd Death And U.S. Rioting: Reactions From Around The Globe
Protests in support of U.S. demonstrators took place around the world.
Monday's Stock Market Open: US Equities Fall Amid US Riots, China-US Tensions, Oil Drops
U.S. stocks opened lower on Monday as dozens of cities try to clean up after riots
Friday’s Stock Market Close: US Equities Mixed As Trump Revokes Hong Kong’s Special Trade Status
Trump will end U.S. partnership with the World Health Organization.
UK Approves Huge Solar Plant Project In Rural Kent, Local Residents Aghast
The solar facility will occupy 900 acres of land along the northern Kent coast.
Struggling Indian Telecom Firm Vodafone Idea Denies Report Of Google Buying Stake
Vodafone Idea is plagued by a mountain of debt
Friday’s Stock Market Open: US Equities Mixed Ahead of Trump Conference on China Relations
U.S. stocks opened mixed on Friday as traders brace for Trump action on China.
Renault To Cut 15,000 Jobs As Part Of Global Restructuring, While Awaiting French Government Emergency Loan
Some 4,600 of job cuts will take place in Renault’s home base of France
What Is Riot Insurance? A Primer On A Unique Financial Product
Allianz Insurance of London offers “riot insurance” as a separate policy
Thursday’s Stock Market Close: US Equities Slip As Traders Weigh Grim Economic Data, China-Hong Kong Tensions
U.S. stocks slipped on Thursday as China approved controversial security law for Hong Kong and 2 million more Americans filed jobless claims.
Nissan Posts Staggering Loss For Fiscal 2020, Plans More Plant Closures
Nissan will close plants in Spain, Indonesia and elsewhere.
EasyJet Plans To Slash 30% Of Workforce, Reduce Fleet, Expects Low Demand Until 2023
EasyJet will resume flights on June 15
China Approves Controversial Security Law For Hong Kong, Triggering Fears Of More Unrest
The law will bypass Hong Kong’s own legislature
Thursday’s Stock Market Open: US Equities Mixed As Another 2 Million File Unemployment Claims
U.S. stocks opened mixed on Thursday as China approved controversial security law for Hong Kong
Climate Change News: University Of California Divests Entirely From Fossil Fuel Assets
UC became the largest educational institution in U.S. to divest from fossil fuels
Wednesday’s Stock Market Close: US Equities Climb As Investors Cheer Gradual Reopening Of Economy
U.S. stocks rose on Wednesday as traders looked eager to the economy returning to some form of normalcy.
Le Pain Quotidien’s U.S. Business Files For Bankruptcy, Proposes Sale To Save Some Locations
Le Pain Quotidien’s Belgian parent is also in an insolvency case.
Japan Approves Another Trillion Dollar Stimulus Package To Combat Covid-19 Pandemic Impact
Japan has now signed off on stimulus spending of $2.18 trillion, or about 40% of the country’s entire GDP.
France Offers $8.8 Billion Package To Rescue Ailing Auto Industry
The rescue program has a focus on the development of electric vehicles
Wednesday’s Stock Market Open: US Equities Rise On Continued Optimism Over Economy Reopening
U.S. stocks rose on Wednesday as traders look forward to economy returning to some kind of normalcy.
Russia Launches Floating Nuclear Power Plant In Remote Arctic Region
Environmentalists are gravely concerned about the floating plant
Tuesday’s Stock Market Close: US Equities Rally On Hopes For Covid-19 Vaccines, States Reopening
U.S. stocks rose on Tuesday as Novarax began testing new covid-19 vaccine.
Fiji Airways Receives Government Aid, Lays Off Half Of Workforce
Fiji Airways has laid off 758 workers
Uber Cuts 25% Of Workforce In India, As Ride Hailing Services Slowly Resume
Uber cut 600 jobs in India, but no drivers
Tuesday’s Stock Market Open: US Equities Rise on Optimism Over New Covid-19 Vaccine, Reopening Of Economies
U.S. stocks rose on Tuesday as Novarax begins testing new covid-19 vaccine.
Muni Bonds Having Strong May, But Are They A Good Long-Term Investment Amid Budget Deficits?
City and state governments across the country are facing huge budget shortfalls.
Friday’s Stock Market Close: US Equities Finish Narrowly Mixed, But Above Earlier Lows, Ahead Of Holiday Weekend
U.S. stocks were essentially flat on Friday, ahead of a three-day weekend.
Amazon Tests Food Delivery Service In Bangalore, India, While Local Players Struggle
The covid-19 pandemic has hurt online food delivery in India
Will Chinese Stocks Delist From U.S. Exchanges Under Increasing Pressure From Washington?
U.S. regulators have long complained that Chinese companies lack transparency.
