South Africa Announces $26 Billion COVID-19 Relief Package

South Africa's President Cyril Ramaphosa on Tuesday announced a $26 billion relief package aimed at stimulating the economy and cushion the vulnerable people during the coronavirus pandemic.

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Facebook To Buy Minority Stake In Jio Platforms For $5.7 Billion

Facebook on Wednesday announced an investment of USD 5.7 billion (Rs 43,574 crore) for acquiring a minority stake in Jio Platforms Ltd as it looks to expand presence in its largest market in terms of...

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Hundreds Of Amazon Workers Go On Strike For Better Conditions In Pandemic

Hundreds of Amazon warehouse employees in the US went on strike Tuesday against what they say are unsafe working conditions amid the coronavirus pandemic, organizers said.

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HC order on Indiabulls NCD dues puts MFs in tight spot

The HC has granted Indiabulls, a non-banking financial company (NBFC), the permission to not pay its debenture holders, including fund houses, interest and principal as long as the RBI allows banks and NBFCs to offer moratorium to their borrowers. Fund managers now fear that other NBFCs may take the same route and not pay MFs for the next few weeks.

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Firms "Reshore" Jobs As COVID-19 Upends Outsourcing To India, Philippines

Coronavirus is permanently shaking up the global outsourcing industry as lockdowns from Bangalore to Manila prompt firms to "reshore" jobs and, with AI, to move further away from needing humans at...

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Kim Jong Un Not Gravely Ill, Says South Korea Amid Speculation: Report

North Korean leader Kim Jong Un was not gravely ill, two South Korean government sources said on Tuesday, following reports he had undergone a cardiovascular procedure and was now in "grave danger".

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"Have Plenty Of Oil": Trump To Consider Halting Saudi Oil Imports

President Donald Trump said on Monday that his administration was considering the possibility of stopping incoming Saudi Arabian crude oil shipments as a measure to support the battered domestic...

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