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Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half. (AFP Photo)

Airlines heading for $84 billion loss in 2020, says IATA

With most of the world's airliners currently parked, IATA said revenue would likely fall to $419 billion from $838...

10 Jun 2020 9:18 AM IST

Oil drops after US inventory build oversupply concerns. (AFP Photo)

Oil drops after jump in US crude stockpiles, renews oversupply...

Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase

10 Jun 2020 9:12 AM IST

At 52 percent each responded Food and Grocery and Apparel and Clothing continue to top consumer wish lists

No enthusiasm among consumers for post lockdown shopping , survey...

Consumers in the survey exhibited symptoms of caution and conservatism as they were asked to evaluate if, how, when they...

9 Jun 2020 8:34 PM IST

Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand. (APF Photo)

Oil prices rise as easing of lockdown spurs fuel demand

U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels...

9 Jun 2020 11:37 AM IST

Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since...

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this...

9 Jun 2020 11:06 AM IST

Petrol price hiked by 54 paise per litre, diesel by 58 paise. (PTI Photo)

Fuel prices rise on 3rd day; Petrol hiked by 54 paise, diesel by 58...

Prices were raised by 60 paise per litre each on both petrol and diesel on Sunday as well as on Monday

9 Jun 2020 10:04 AM IST

Asia stocks extend rally as economic recovery hopes boost confidence. (AFP Photo)

Asia stocks extend rally on hopes of quick economic recovery

Markets have been particularly encouraged by a May U.S. jobs report last week that showed a surprise fall in the...

9 Jun 2020 9:24 AM IST

India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production. (AFP Photo)

India plans to hike edible oil import taxes to boost local supply

India currently levies 37.5% and 45% import tax respectively on crude and refined palm oil

9 Jun 2020 9:00 AM IST

US economy entered recession in February. (AP Photo)

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

9 Jun 2020 8:48 AM IST

In connection with the Yes Bank money laundering probe case, ED raids five premises of Cox and Kings in Mumbai. (PTI Photo)

Yes Bank money laundering case: ED raids five premises of Cox and...

Cox and Kings was one of the top borrowers of the bank and the latter had an exposure of about Rs 2,260 crore to the...

8 Jun 2020 4:08 PM IST

Reebok slams CrossFit in outrage over CEOs tweet. (Photo- Rx Review)

Reebok cancels partnership with CrossFit after CEO's 'Its FLOYD-19'...

Other affiliates like CrossFit Magnus also decided to cut ties with the Washington, DC-based global fitness organization

8 Jun 2020 3:37 PM IST

Reliance Industries shares jump nearly 3 percent on AIDA deal. (PTI Photo)

Reliance Industries shares jump nearly 3% on Abu Dhabi investment deal

Reliance Industries gained 2.74 per cent to touch a one-year high of Rs 1,624 on BSE

8 Jun 2020 2:43 PM IST