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Global trade is expected to drop around 18.5 percent year-on-year in the second quarter of 2020. (AFP Photo)

WTO: Global trade set to shrink 18.5% in Q2

The global trade body said that in the first quarter, the volume of merchandise trade shrank by 3% year-on-year.

23 Jun 2020 3:26 PM IST

Former chief executive of Wirecard, Markus Braun, arrested on suspicion of market manipulation. (AFP Photo)

Wirecard scandal: Former CEO Markus Braun arrested over missing...

German payments provider Wirecard on Monday admitted 1.9 billion euros that auditors say are missing from its accounts...

23 Jun 2020 3:06 PM IST

Google CEO Sundar Pichai disappointed with Donald Trumps foreign work visa suspension. (PTI Photo)

-"Disappointed-" says Google CEO Sundar Pichai on H1-B visa ban

Pichai said he would stand with immigrants and work to expand opportunity for all

23 Jun 2020 1:23 PM IST

Workers transferring aluminium foil for export to India at a factory in Huaibei in Chinas eastern Anhui province. India initiates probe into alleged dumping of aluminium foil from 4 nations. (AFP Photo)

India initiates probe into alleged dumping of aluminium foil from...

The applicants alleged that dumping has impacted the industry and has requested for imposition of the anti-dumping duty...

23 Jun 2020 12:52 PM IST

US Transportation Department on Monday accused the Indian government of engaging in unfair and discriminatory practices on charter air transportation services. (AFP Photo)

US accuses Indian charter flights of unfair practices'

The department said it seeks to restore a level playing field for US airlines under the US-India Air Transport...

23 Jun 2020 11:59 AM IST

US President Donald Trump suspended the entry into the United States of certain foreign workers on Monday. (AFP Photo)

Trump blocks H1B visa, business groups say decision will hurt US...

The visa suspension, will open up 525,000 jobs for US workers, a senior administration official said

23 Jun 2020 10:54 AM IST

Traders body CAIT on Monday burnt Chinese goods in Delhis main market Karol Bagh. (PTI Photo)

India-China border tension: Traders stage protest, burn Chinese goods...

The traders' body recently launched a national campaign titled 'Bhartiya Samaan-Hamara Abhimaan' to boycott Chinese...

22 Jun 2020 4:25 PM IST

Private bus and tourist taxi operators have been hit hard by the coronavirus lockdown. (PTI Photo)

COVID-19 led to 20 lakh job losses in bus, taxi sector: BOCI

"During lockdown 95 per cent of our vehicles were off road. Very few buses operated for company contracts," BOCI...

22 Jun 2020 9:35 AM IST

Oil prices nudged higher on Monday on tighter supplies from major producers. (AFP Photo)

Oil prices higher on tighter supply, but demand concerns resurface

Oil prices have also been supported by a recovery in fuel demand globally following a collapse in April-May during...

22 Jun 2020 8:58 AM IST

government has extended the Rs 50 lakh insurance scheme for about 22 lakh healthcare providers. (PTI Photo)

Government Rs 50 lakh Covid cover for healthworkers extended till...

The scheme implemented by New India Assurance was to end on June 30 as part of Rs 1.70 lakh Pradhan Mantri Garib Kalyan...

21 Jun 2020 9:56 AM IST

Indias electricity generation during the first half of June fell at a slightly faster rate than in May. (AFP Photo)

Electricity output falls sharply in first half of June

Power generation fell 14.5% in the first 15 days of June compared with a 14.3% fall in May

19 Jun 2020 2:57 PM IST

Indian house prices will fall for the first time in at least a decade in 2020. (AFP Photo)

House prices to fall in 2020 for first time in at least a decade: Poll

Several housing projects stalled as reverse migration of large swathes of construction workers out of major cities leads...

19 Jun 2020 2:32 PM IST