Markets

Coronavirus: India targets small businesses in economic bailout

Coronavirus: India targets small businesses in economic bailout The Rs 20 lakh crore package, which is to be disbursed in the financial year 2020-21, amounts to 10 per cent of the GDP. He added that the next lockdown extension will bring new rules and regulations with it. "This could be made possible as India converted the crisis into an opportunity". Wadhera also said that the auto sector is "a strong pillar of Make in India with huge contributions to GDP (... [Full Article...]

Furlough scheme extended until October, changes due in July

Furlough scheme extended until October, changes due in July One of the most salient and important features of this country's response to this crisis so far is that we have looked after some of the lowest paid people in our society - the hardest -working people - and we will continue to do so", he said. [Full Article...]

India announced $266 billion stimulus

India announced $266 billion stimulus On Wednesday, Finance Minister Nirmala Sitharaman gave details of the package, which amounts to 10 per cent of gross domestic product (GDP) and is among the larger stimulus packages announced in the world. India was already battling a liquidity crisis, bad loans and rising unemployment even before the pandemic arrived in India . The last time the prime minister had addressed the nation was... [Full Article...]

Alameda County Backs Down, Lets Tesla Plant Reopen Fully Next Week

Alameda County Backs Down, Lets Tesla Plant Reopen Fully Next Week President Donald Trump, who has been an outspoken supporter of reopening the economy, weighed in the saga on Twitter Tuesday morning, siding with Musk. Two workers who have returned to the plant said they were required to watch a safety-training video. Haggerty said the company initially pushed back on checking employee temperatures before boarding a company bus to get to work. [Full Article...]

Coronavirus Job Retention Scheme extended until October

Coronavirus Job Retention Scheme extended until October Our Coronavirus Job Retention Scheme has protected millions of jobs and businesses across the United Kingdom during the outbreak - and I've been clear that I want to avoid a cliff edge and get people back to work in a measured way. After July, employers will be able to bring furloughed staff back to work part-time. "The decisions to extend the furlough scheme through to the end of October an... [Full Article...]

What you can do under new lockdown rules

What you can do under new lockdown rules However, the new government guidance-which applies only to England and comes into force on 13 May-is clear that you can only meet with one person from another household at a time. In an interview on BBC Radio 4's Today programme on 11 May, Mr Raab was asked if you can now meet with two parents at the same time. He replied, "Well you could if there are two metres apart". [Full Article...]

Elon Musk becomes champion of defying virus stay-home orders

Elon Musk becomes champion of defying virus stay-home orders However, over the weekend, Tesla sued the health department, asking the court to overrule the county's classification of the company. President Donald Trump weighed in on Tuesday , tweeting that California should let Tesla get back to work. [Full Article...]

S&P 500, Dow open lower as markets digest Powell comments

Against a basket of rivals, the dollar index edged 0.1% lower to 99.98, hovering below the three-week high of 100.44 hit on Tuesday. "Overall, the gold market is treading water because there are strong forces in both directions - we have physical jewellery demand which is very lacklustre and on the other hand we have demand coming from investors who are looking for protection for their capital",... [Full Article...]


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