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A woman walks past a boutique with a sale sign, Thursday, June 4, 2020, in Cleveland Heights, Ohio. The state says more than 34,000 Ohioans filed unemployment claims during the last week of May. That is the lowest figure since Ohios stay-at-home orders depressed the economy and led to widespread layoffs. (AP Photo/Tony Dejak)

US unemployment rate seen near 20% in May as layoffs remain high

Consumer confidence, manufacturing and services industries are also stabilizing, though at low levels, hopeful signs...

5 Jun 2020 12:03 PM IST

Prime Minister Narendra Modi with his Australian counterpart Scott Morrison during the virtual summit on Thursday. (PTII Photo)

India, Australia ink pact to counter China

Two declarations and seven pacts in defence, cyber, mining and other sectors were announced after 'India-Australia...

5 Jun 2020 11:05 AM IST

Indian labourers work at a construction site on a roadside in New Delhi. Indias 2018-19 jobless rate declines to 5.8%. (AFP Photo)

Unemployment rate falls to 5.8% in 2018-19, says government report

Economists and industry leaders say India's unemployment rate has substantially gone up after the over two-month long...

5 Jun 2020 10:16 AM IST

Industrialist Rajiv Bajaj. (PTI Photo)

Lockdown flattened GDP curve, not COVID-19: Rajiv Bajaj

Airing concerns of the industry, Bajaj said India now needs to generate demand for which a stimulus is required for...

5 Jun 2020 9:52 AM IST

Reliance Industries Ltd said on Friday that Abu Dhabi state fund Mubadala Investment Co will buy a 1.85% stake in its digital unit. (PTI Photo)

Abu Dhabi's Mubadala to buy 1.85% stake in Jio Platforms

The interest in Jio Platforms highlights its potential to become the dominant player in India's digital economy

5 Jun 2020 9:17 AM IST

Asias stock rally pause ahead of U.S. jobs data. (AFP Photo)

Asia's stock rally pause ahead of U.S. jobs data, euro at...

Market sentiment has since been bolstered by powerful central bank stimulus

5 Jun 2020 9:12 AM IST

Amazon in talks to buy $2 billion stake in Bharti Airtel. (AFP Photo)

Amazon in talks to buy $2 billion stake in Bharti Airtel

The discussions between Amazon and Bharti come at a time when global players are placing major bets on digital arm of...

4 Jun 2020 4:07 PM IST

Google CEO Sundar Pichai. (PTI Photo)

Google CEO Sundar Pichai pledges USD 37 million to fight racism

Pichai also urged his employees to stand together in silence for 8 minutes and 46 seconds to honour

4 Jun 2020 2:38 PM IST

Trump administration moves to block Chinese airlines from US. (AFP Photo)

US to suspend flights by Chinese airlines from June 16

The decision was in response to China's failure to let United Airlines and Delta Air Lines resume flights to China this...

4 Jun 2020 2:00 PM IST

Mukesh Ambanis Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy. (PTI Photo)

Amid COVID-19, investors bet on Jio and its giant-killer playbook

India's 10-week lockdown led to a surge in demand for data, boosting Jio's phone and broadband offerings

4 Jun 2020 1:14 PM IST

Indian fugitive business tycoon Vijay Mallya. (AFP Photo)

Vijay Mallya may be extradited to India anytime soon

Mallya lost his appeals in the UK Supreme Court against his extradition to India to face money laundering and fraud...

4 Jun 2020 12:17 PM IST

Uber signals recovery in rides as lockdown restrictions ease. (AFP Photo)

Uber signals recovery in rides as lockdown restrictions ease

Trip requests are now down about 70% from a year earlier, slightly lesser than April's 80% drop

4 Jun 2020 11:27 AM IST