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Trump 'torn' over US-China trade deal as advisers push to fulfill its terms

The deal brought a partial truce to an 18-month trade war between the world's two largest economies that heaped U.S. tariffs on some $370 billion worth of Chinese imports

Covid-19 crisis fuels huge US job losses as pandemic breaches White House

White House economic adviser Kevin Hassett said the unemployment rate was likely to climb to around 20% this month

Pakistan's fiscal deficit to surge, tax revenue to miss target in 2020: FM

Fear of an economic meltdown is said to be the main reason behind ending the shutdown at a time when the country's curve, or rate of infections, is edging up sharply

Bitcoin 'halving' to shore up market value with steady demand: Experts

The previous events fueled huge rallies in bitcoin's market value, but there is a wildcard this time in the form of the coronavirus pandemic, some analysts said.

Tesla ordered to keep US vehicle factory in Fremont closed amid lockdown

Elon Musk has said those employees who do not feel comfortable coming back to work are not obligated to do so

Covid-19 impact: Mexico, Brazil see 99% plunge in auto production in April

In normal times, the combined number of cars produced by Mexico and Brazil every month is half a million

Saudi, US companies also eyeing stakes in Reliance's Jio Platforms

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change

Long walk home ends in tragedy: Goods train mows down 16 migrants

Migrants fell asleep on railway track in Maharashtra

Coronavirus pandemic ravages US payrolls, April job losses top 20 million

The Labor Department's closely watched monthly employment report on Friday also showed the unemployment rate surging to 14.7% last month, shattering the post-World War Two record of 10.8%

Canada loses record 2 mn jobs in April, unemployment rate surges to 13%

As of May 5, more than 7.5 million Canadians had applied for some form of federal employment aid, according to government data.

Rupert Murdoch gives up yearly bonus after News Corp reports $1 bn loss

News Corp also reported an 8% drop in revenue to $2.27 billion, hurt by a weaker Australian dollar and lower subscription at Foxtel.

US Federal Reserve won't take rates negative, say fund managers, economists

Fed funds futures, which are a gauge of where markets expect the Fed's benchmark overnight lending rate to be, are now pricing in a slightly negative rate environment beginning in December

US, China trade representatives agree to strengthen ties: China ministry

The two sides agreed to maintain communication going forward, the Chinese commerce ministry said in its statement.

UK corporate insolvencies fall as virus support plans kick in: KPMG

The spread of the novel coronavirus - and lockdown measures introduced to contain it - has ravaged the British economy, with many non-essential businesses told to close

Oil gains on hopes that easing of coronavirus curbs will push demand boost

Brent crude was up 47 cents, or 1.5 per cent, at $29.33 a barrel by 0121 GMT, having fallen nearly 1 per cent on Thursday

Uber sees rides recovering from Covid-19 lows, banks on food-delivery biz

Uber reported it had seen encouraging signs in markets hit by the pandemic and posted a 14% rise in revenue for the first quarter, supported by a jump in food-delivery orders at its Uber Eats business

Bank of England sees worst slump in 300 years as coronavirus bites

The BoE said Britain's economy might be on course to shrink by 25% in the three months to June and unemployment could more than double to 9% of the workforce

Coronavirus impact: Now 33.5 mn seek unemployment benefits in US

The reports support many economists' belief that the economic slump could persist for a while

Animal Crossing boosts Nintendo's Switch console demand in Jan-Mar quarter

The Kyoto-based gaming company posted operating profit of 89.4 billion yen for January-March

ArcelorMittal beats first quarter profit estimates, sees sharp drops in Q2

First-quarter core profit (EBITDA), the figure most watched by the market, was $967 million, compared with the average forecast in a company poll of $867 million