By Gabriela Baczynska BRUSSELS (Reuters) – The European Union and Britain are set to prolong Brexit talks past a mid-October deadline to try bridge stubborn gaps holding up a new trade agreement, according to sources and documents. As the year-end deadline for a pact on relations with Britain nears, EU leaders meeting on Thursday and Friday […]
By Nidhi Verma NEW DELHI (Reuters) – India is “treading very cautiously” in its plan to privatise state-run oil refiner Bharat Petroleum Corp Ltd, Oil Minister Dharmendra Pradhan said on Tuesday, in a sign that the process could be delayed. New Delhi’s plan to sell its 53.29% stake in BPCL was first announced in November 2019, […]
By Simon Johnson STOCKHOLM (Reuters) – U.S. academics Paul Milgrom and Robert Wilson won the 2020 Nobel Economics on Monday for work on auctions hailed as benefiting buyers and sellers around the world of everything from fishing quotas to aircraft landing slots. prize in economic sciences Among the insights of the two Stanford University economists is […]
By Reuters Staff (Reuters) – U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed. Filings by individuals, however, are lower so far this year courtesy of […]
By Peter Hoskins Business reporter As an already reeling music industry is hit by the coronavirus, the owner of UK publication NME says the pandemic has brought challenges and opportunities. Singapore-based BandLab also owns music brands ranging from guitar-making to retail and digital platforms. The virus came at a time of already seismic change for […]
All seven members of South Korean K-pop group BTS are set to become multi-millionaires, when their label Big Hit Entertainment goes public in October. Soaring demand for shares in Big Hit has given it a market valuation of £3.2bn ($4.1bn), with shares priced at the top of the expected price range. Big Hit boss Bang […]
By Neha Arora, Mayank Bhardwaj NEW DELHI (Reuters) – India’s president on Sunday approved three controversial agricultural bills amid nationwide protests by farmers who say the new laws will stunt their bargaining power and instead allow large retailers to have control over pricing. Farmers’ organisations say one of the three laws could lead to the government […]
By Reuters Staff WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi, the top Democrat in Congress, said on Sunday she thinks a deal can be reached with the White House on a coronavirus relief package and that talks were continuing. “We are having our conversations. And when I have a conversation with the administration, it […]
Stock markets in Asia suffered on Tuesday from the fallout from UK and US investors worried about a rise in coronavirus cases. Australia, Hong Kong, China and South Korea stock markets were all down. Investors were also rattled by dimming hopes for more financial support for the US economy. However, European markets opened slightly higher […]
AGRICULTURE The ban on onion exports has proven that farmers, mostly small and marginal, will continue to hold the burden of reining food inflation. Siraj Hussain and Jugal Mohapatra AGRICULTURE On June 5, 2020, just after the COVID-19-induced all-India lockdown was being eased, the government promulgated The Essential Commodities (Amendment Ordinance, 2020). This move was lauded […]
