Sainsbury’s is using bicycles to transport essential groceries from a closed convenience store in London in an effort to bolster its delivery service during the coronavirus outbreak. The supermarket is relaunching its one-hour bicycle delivery service, Chop Chop, from its Blackfriars store in central London, which was one of 12 small local outlets used mainly by commuters that closed last […]
Read moreWhen you invest in equities, either directly in stocks or via equity mutual funds, tell yourself this: ‘I am fine with volatility if in the long term there is a good chance of earning higher returns’, suggests Ankur Choudhary. Illustration: Dominic Xavier/Rediff.com The past week has been akin to a rollercoaster ride for the Indian stock markets as the US-Iran […]
Read moreBritish Airways is expected to announce it will suspend 36,000 staff, from cabin crew to ground staff, engineers and head office employees, because of the coronavirus pandemic. The airline, which grounded its planes at Gatwick airport earlier this week, has been negotiating with the Unite union for more than a week. The two sides have reached a broad agreement but […]
Read moreEven as most manufacturers are still assessing the overall impact on their businesses, early projections suggest the market may grow at its lowest ever rate, in 2020. The country’s robust smartphone market is heading for its worst-ever snag, caused by the virus outbreak. Even as most manufacturers are still assessing the overall impact on their businesses, early projections suggest the […]
Read moreWhen a wave of coronavirus cases hit Colorado, Jessica DeFronzo had little choice but to work through it. Her JoAnn Fabrics and Crafts store in Colorado Springs stayed open to the public, getting so busy with foot traffic that DeFronzo, a cashier manager, compared it to “back-to-back Black Fridays.” Working for just above the minimum wage felt unfair even in […]
Read moreAsian stock markets are mostly higher on Thursday as investors await the passage of a $2 trillion stimulus package in the U.S. to combat the economic impact of the coronavirus pandemic. Investors are also looking ahead to a report on weekly U.S. jobless claims scheduled to be released later in the day, as it will be among the first data […]
Read moreNew York (CNN Business)Hundreds of thousands of retail workers lost their jobs this week as the coronavirus pandemic continues to decimate the industry. Stores are closed and online sales are slow because people are holding back on discretionary purchases like clothing. It’s anyone’s guess when stores will be able to reopen or if demand will return when they do. That […]
Read moreGoldman Sachs added Dow component Verizon Communications Inc. (VZ) to its "Conviction Buy" list on Wednesday morning, placing a $61.00 price target after a three-week 16% slide completed a short-term reversal in the upper $40s. The downdraft looks relatively minor compared to the majority of stocks in recent weeks, but this high-yield slow mover rarely carves volatile price swings. The telecommunications […]
Read moreAs the Covid-19 pandemic pushes many of America’s small businesses to the edge of collapse, now is the moment for bankers around the country to really show that they give a you-know-what about small businesses. Congress has passed a giant $2.2tn bill to help people survive the coronavirus pandemic. As part of this bill, $377bn has been set aside specifically […]
Read moreThe Central Drugs Standard Control Organisation said while the rights, safety, and well-being of trial subjects were of paramount importance, protocol amendment, deviation or modification might be necessary in some cases owing to unavoidable circumstances. The government is considering temporarily relaxing clinical trial norms as a few pharmaceutical companies are looking to develop a vaccine for the novel coronavirus (Covid-19), […]
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