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US is expected to report a record-breaking economic plunge. (AP Photo)

US expected to report record-breaking economic fall

A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June...

30 July 2020 10:37 AM GMT

Consumers in India are cautious about spending in the wake of the coronavirus pandemic. (PTI Photo)

78% Indian consumers cut spending amid COVID-19 crisis: KPMG

Consumers in tier-III cities were 1.4 times more inclined towards spending on apparel than tier-I cities, it said

23 July 2020 6:38 AM GMT

Jewellers in the traditionally lucrative Indian gold market are struggling even while the metals value skyrockets. (AFP Photo)

Gold sales in India hit an all-time low

Gold prices hitting record highs after soaring around 30% this year, there is little incentive for customers to splash...

16 Aug 2020 4:35 AM GMT

Oil prices struggle to hold five-month high amid pandemic worries. (AFP Photo)

Oil prices struggle to hold five-month high amid growing demand fears

Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing...

6 Aug 2020 3:31 AM GMT

BMW losses almost $800 million as sales slide during lockdowns. (AFP Photo)

BMW records first loss since 2009 as pandemic hits sales

The company reported an operating loss of 666 million euros, compared with an operating profit of 2.1 billion euros in...

5 Aug 2020 10:30 AM GMT