Business
Will Remove Misinformation Around Covid-19, False Claims About Vaccine: Facebook
The company said nearly 95 per cent of the time people who saw warning labels around COVID-19 misinformation, did not click through the links and were therefore not exposed to false information.
Bleach Maker Clorox Raises Forecast As Cleaning Boom Drives Demand
Clorox Co raised its fullyear profit and sales forecasts on Thursday, as households kept up their heightened cleaning regimen with COVID19 cases surging in the United States and stocked more of its disinfecting products.
Shell Profit Drops To 20-year Low In 2020, Raises Dividend
Royal Dutch Shell's 2020 profit dropped to its lowest in at least two decades as the pandemic hit energy consumption but the company boosted its dividend again in a sign of confidence.
OPEC+ Maintains Oil Policy Amid Price Rally
OPEC+ maintained its oil output policy at a meeting on Wednesday as the price of crude hit its highest in almost a year, a sign that deep supply cuts are draining inventories despite an uncertain outlook for demand recovery.
Silver Claws Back Momentum As Market Looks Past Retail-led Gyrations
Silver regained momentum on Wednesday as the market's focus returned to prospects for higher demand for the metal as the global economy picks up, after a sharp slide in the previous session halted a social mediainspired buying spree.
Euro Zone Inflation Surges, A Communications Headache For ECB
Euro zone inflation surged well past expectations last month, driven by rising energy costs and a German tax increase, posing a potential communications challenge for the European Central Bank.
Jeff Bezos, Amazon's Founder, Will Step Down As CEO
Amazon said Tuesday that Jeff Bezos is stepping down as CEO later this year, a role he's had since he founded the company nearly 30 years ago.
Pfizer Sees About $15 Billion In 2021 Sales From COVID-19 Vaccine
Pfizer Inc on Tuesday forecast sales of about $15 billion from the coronavirus vaccine that it is making along with German partner BioNTech and raised its fullyear profit forecast.
India's Near-term Fiscal Deficit Target Higher Than Expected: Fitch
India, which has often complained its sovereign credit ratings by agencies such as Fitch not reflecting the economy's fundamentals, put the fiscal deficit - the excess of government expenditure over its revenues - at 9.5 per cent of the gross domestic pro...
German Lawmakers Turn Sights On Finance Ministers In Wirecard Fraud Fiasco
Fresh from toppling the head of Germany's top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies.
Union Budget 2021: Five Income Tax Changes You Should Know
This year’s budget has also proposed not to provide tax exemption under section 10(10D) of the Income Tax Act for maturity proceeds of the ULIPs with an annual premium above Rs 2.5 lakh.
Thrust on Infra Will Boost Growth, Generate Jobs: US Chamber of Commerce on India's Budget
"The finance minister has done a remarkable job in presenting a growth-focussed budget during the unprecedented COVID-19 pandemic-hit circumstances. The budget is transparent and has rationalised the off-balance-sheet borrowings and headlined fiscal defic...
Reddit Is Coming For Silver. A Short Squeeze? Unlikely
Silver prices have rocketed to their highest since 2013 as retail investors, egged on by messages on Reddit, pile into the market in an attempt to push up prices, although most analysts and traders say the rally will run out of steam.
Union Budget 2021 Allocates Rs 3.05 Lakh Crore For Stressed DISCOMS, Aims at Power Sector Recovery
The Budget also proposed the introduction of a new framework to give the option to consumers to choose from more than.
Euro Zone Factory Recovery Faltered In Jan But Still Strong - PMI
Euro zone manufacturing growth remained resilient at the start of the year but the pace waned from December as renewed lockdown measures across the continent, alongside supply shortages, hurt activity, a survey showed.
Retail Mania Propels Silver Prices To Near 8-year Peak
Silver rallied for a third straight session on Monday, soaring as much as 11.2% to a near eightyear peak as retail investors in Asia followed up frenzied buying by U.S. counterparts last week following a social medialed call to push the market higher.