Business

Buyers to pay interest for late payment on GeM portal

NEW DELHI: The government department and agencies, procuring goods and services from government e-marketplace (GeM) platform, will have to pay one per cent interest on late payments made to vendors, according to the department of expenditure. However, the interest amount will be deposited in an account maintained by GeM. The government has been repeatedly emphasising […]

World News Live

How far away is coronavirus vaccine? What is the status of trials? | 10 simple points

Even if we get a vaccine for Covid-19 before the end of the year, it would probably be the fastest development of a vaccine in the world. The news of Oxford University-AstraZeneca vaccine entering a late-stage trial has raised hopes of an earlier than expected arrival of a Covid-19 vaccine. Currently, about 140 vaccines are […]

Technology

LG PuriCare 2020 Air Purifier Range Announced, Offers Option for Pet Owners

LG has introduced its new 2020 range of PuriCare air purifiers. The new range includes a PuriCare 360 Degree Air Purifier, PuriCare Mini, Puricare Pet, and Commercial PuriCare. They all come in different sizes, and offer air purification for different needs. For instance, the Commercial PuriCare is ideal for workplaces, while the PuriCare Pet is […]

Homegrown platforms fill vacuum created by ban on Chinese apps

WhatsApp Payments Face Further Review, Says Brazil Central Bank Chief

Technology

Dell XPS 13, XPS 15 May Be Launched in India on July 8, Amazon Listing Suggests

Dell XPS 13 and XPS 15 slim and light laptops have been listed on Amazon India and will be launching soon. Though the Amazon page does not mention a launch date, the two laptops may arrive in India on July 8 as the company has sent out invites for a digital event on Wednesday where […]

Elon Musk Mocks Regulators, Short-Sellers as Tesla Soars

Xiaomi Mi TV Stick Reportedly Certified by Google Play Console, Supports Up to 1080p Resolution

Recent News

Economy

Jobs increase by 4.8 million, unemployment rate at 11.1%

Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier […]

Economy

Stocks cut gains after Reuters reports big virus spike in Florida, Dow still up 200 points

Stocks rose on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown. The Dow Jones Industrial Average traded 269 points higher, or 1.1%. The Nasdaq Composite hit a record high, climbing more than 1%. The S&P 500 gained 1.1%. The major averages, […]

Economy

Fed’s Bullard warns of financial crisis risks as virus cases spike

James Bullard Olivia Michael | CNBC St. Louis Federal Reserve Bank President James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported. “Without more granular risk management on the part of the health policy, we could get a wave of […]

Economy

17.6 million unemployed Americans likely won’t return to old jobs

Just over 1 in 10 Americans who are out of work because of the coronavirus pandemic don’t have a good chance of getting called back to their old jobs, according to recent research from the Economic Policy Institute, a left-leaning think tank.  About 11.9 million Americans who are unemployed as a result of the pandemic, […]

Economy

Coronavirus is expected to tank U.S. auto sales in the second quarter

Cars sit in a dealership lot on the first day that dealerships are allowed to open to the public on May 20, 2020 in Linden, New Jersey. Spencer Platt | Getty Images Fiat Chrysler’s U.S. vehicle sales in the second quarter fell by 38.6% as the coronavirus caused consumers to stay at home, and dealerships and […]

Economy

ADP: Private payrolls June 2020

A waitress wearing a mask helps customers at Cafe Luxembourg’s outdoor seating as the city moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 22, 2020 in New York City. Alexi Rosenfeld | Getty Images Companies in June continued to bring workers back from their pandemic furlough as […]

Economy

Mortgage demand falls for second week, suggesting slowdown in housing recovery

A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop. Mortgage applications to purchase a home fell for the second straight […]

Economy

Economy’s second-half comeback is now threatened by coronavirus resurgence

A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island, Governor Charlie Baker said. Adam Glanzman | Bloomberg via Getty Images As the economy moves […]