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Chinas exports in May fell a less-than-expected 3.3% compared with a year earlier. (AFP Photo)

China exports fall 3.3% in May, imports shrink 16.7%

Imports were estimated to have contracted 9.7%, recovering from a slide of 14.2% in April.

7 Jun 2020 9:46 AM IST

Ratings firm Crisil has reaffirmed BBB rating on Yes Banks over Rs 18,000 crore bonds . (PTI Photo)

Crisil affirms Yes Bank Rs 18k cr bonds rating at BBB

The agency has also reaffirmed its 'CRISIL A2' rating on certificates of deposit of Yes Bank

7 Jun 2020 9:03 AM IST

OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July. (AFP Photo)

OPEC, Russia extend record oil cuts to end of July

OPEC+ also demanded countries such as Nigeria and Iraq to compensate with extra cuts in July to September

7 Jun 2020 8:44 AM IST

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

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

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

US job losses in May could raise 3-month total to 30 million. (AP Photo)

US job losses in May could raise 3-month total to 30 million

Since mid-March, more than 40 million Americans have applied for unemployment benefits

4 Jun 2020 10:10 AM IST

Farmers sort tomatoes near a field for their transportation to various markets during the nationwide lockdown. India is to allow farmers to sell produce directly to bulk buyers. (PTI Photo)

India to let farmers sell produce directly to traders, retailers

The act was aimed at protecting farmers from exploitation by institutional buyers such as large retailers and food...

4 Jun 2020 8:50 AM IST

Services activity contracts sharply in May due to COVID-19. (PTI Photo)

Covid19 effect: Services sector activity reduces sharply in May

Employment continued to fall in response to weak demand and expectations of further challenging conditions

3 Jun 2020 2:02 PM IST

Technology minister Ravi Shankar Prasad launches new schemes to boost electronics manufacturing. (PTI Photo)

India launches Rs 50,000 crore plan to boost electronics manufacturing

The plan comes as more companies look for manufacturing sites outside China, where the coronavirus pandemic disrupted...

3 Jun 2020 9:35 AM IST