Markets

Treasurer Had A Surplus Of Coughs But A Deficit Of Coronavirus

Frydenberg did not say what the government's deficit will be. The complete 2020-21 budget analysis has been pushed back to October 6, as the government consolidates the financial costs of the CCP (Chinese Communist Party) virus , commonly known as novel coronavirus. [Full Article...]

Mercedes S-Class Completely Revealed, Interior Leaked

Mercedes S-Class Completely Revealed, Interior Leaked The headlamps now look slightly more compact and gel well with the overall new appearance of the updated model. The rear bumper design remains mostly similar to the current S-Class, with another chrome strip and a pair of fake-ish exhaust tips. [Full Article...]

Bitcoin goes through third 'halving': Here's what it means

Bitcoin goes through third 'halving': Here's what it means The process occurs roughly every four years, marking a technical adjustment to the foundation of how the world's biggest cryptocurrency is created. Bitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. [Full Article...]

RIL fixes May 14 as record date for rights issue

RIL fixes May 14 as record date for rights issue RIL had earlier announced its plans to raise Rs 53,125 crore through a 1:15 rights issue at a price of Rs 1,257 per share. "We inform you that the Rights Issue Committee constituted by the Board of Directors of the Company has, at its meeting held today, fixed Thursday, May 14, 2020 as the "Record Date" for the goal of determining the equity shareholders entitled to receive the rights entitlem... [Full Article...]

Australia's treasurer tested for COVID-19 after coughing in parliament

Australia's treasurer tested for COVID-19 after coughing in parliament Frydenberg said he expects to have the results back Wednesday. "This morning I received the result of the test which was negative". He coughed into his hand several times before touching his face and the despatch box, going against medical advice to cough and sneeze into your elbow to limit the spread of germs. [Full Article...]

United Kingdom economy shrinks 2% in first quarter before full lockdown

United Kingdom economy shrinks 2% in first quarter before full lockdown Last week, the Bank of England warned that the British economy could fall by around 30 percent in the first half of the year, before a strong recovery in the second half of the year, leaving it 14 percent smaller by the end of 2020. But the economy is expected to bear some long-lasting scars of the crisis. "The hit the economy has taken is a substantial one but it is eclipsed by the hammering ... [Full Article...]

IndiGo's Rahul Bhatia weighs bid for Virgin Australia

Even as the global aviation industry continues to suffer in the aftermath of travel restrictions put in place to contain the COVID-19 pandemic , news reports suggest that India's biggest airline IndiGo is seeking "to put together an indicative proposal" to pick up stake in Virgin Australia , which is now undergoing bankruptcy proceedings. [Full Article...]

LAPD: 2 men arrested in fight with Target security guard over masks

LAPD: 2 men arrested in fight with Target security guard over masks Lt. Jim Gavin of the LAPD, told Fox 11 that the Target altercation marks the fourth such incident in the Van Nuys area to occur between store employees and shoppers who are refusing to wear masks. Phillip Hamilton, 31, and Paul Hamilton, 29, were arrested a short time later on May 1 and were booked on suspicion of felony battery, with bail set at $50,000 each, police said. [Full Article...]


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