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India's Zomato to lay off over 500 employees due to COVID-19 crisis
BENGALURU (Reuters) - Indian food delivery startup Zomato said on Friday it will lay off 13% of its workforce, or about 520 employees, as a weeks-long coronavirus lockdown cripples the restaurant ...
Norway wealth fund blacklists Glencore, other commodity giants over coal
OSLO (Reuters) - Norway’s $1 trillion wealth fund is excluding some of the world’s biggest commodities firms from its portfolio for their use and production of coal, including Glencore (GLEN.L ...
Equities slide, bonds rise on Fed warning of prolonged recession
NEW YORK (Reuters) - Stock markets tumbled on Wednesday on fears about a second wave of coronavirus infections and warnings from Federal Reserve Chairman Jerome Powell that the U.S. faces a ...
BRIEF-Mesoblast Completes Financing To Scale-Up Manufacturing Of Remestemcel-L For COVID-19 ARDS
* SUCCESSFULLY COMPLETED CAPITAL RAISING OF US$90 MILLION VIA PLACEMENT OF 43 MILLION SHARES AT A$3.20 PER SHARE Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters ...
Oil falls 2% despite surprise U.S. crude stock drawdown
NEW YORK (Reuters) - Oil prices fell about 2% on Wednesday despite the first decline in U.S. crude inventories since January, as the U.S. Federal Reserve chairman stoked demand fears with a solemn ...
India to provide $266 billion to boost pandemic-hit economy
NEW DELHI (Reuters) - Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a ...
UK's COVID-19 death toll tops 40,000, worst in Europe
LONDON (Reuters) - The United Kingdom’s COVID-19 death toll now exceeds 40,000, by far the worst yet reported in Europe, raising more questions about Prime Minister Boris Johnson’s handling of ...
Newborns among 16 dead in Kabul hospital attack; 24 killed in funeral bombing
KABUL/JALALABAD (Reuters) - Gunmen disguised as police attacked a hospital in the Afghan capital Kabul on Tuesday, killing 16 people including two newborn babies from a maternity clinic run by the ...
UPDATE 1-Portugal approves 5 bln euros in loans to help coronavirus-hit companies
LISBON, May 12 (Reuters) - Portuguese Prime Minister Antonio Costa said on Tuesday the government has already approved 5 billion euros ($5.41 billion)worth of state-backed loans to help companies ...
Sensex, Nifty trim losses on stimulus hopes; Reliance tumbles
BENGALURU (Reuters) - Indian stocks pared sharp early losses to end slightly lower on Tuesday on fresh hopes of economic stimulus to aid businesses battered by the coronavirus, even as a plunge in ...
'Black April' for Russia's car market as sales plunge 72%
MOSCOW (Reuters) - Sales of new cars in Russia plummeted by 72.4% in April compared with a year earlier, the Association of European Businesses (AEB) said on Tuesday, as the coronavirus outbreak ...
After surviving wars, pestilence, religions use technology to beat pandemic
NEW YORK (Reuters) - Throw a global pandemic at the world’s religions, and you get confessions via Skype, virtual seders and recitations of the Koran over Facebook. The world’s three leading ...