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Eurozone unemployment continues to spike
Eurozone unemployment continues to spike

Brussels, The unemployment rate in the 19-member Eurozone area continued to spike in July, a month marked by relaxation of some Covid-19 containment measures in many European Union (EU) member states, according to official figures.

The figures released by Eurostat, the statistical office of the EU, on Tuesday, sho

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Italian flag carrier posts record losses
Italian flag carrier posts record losses

Rome, Italian flag carrier Alitalia has suffered record losses in the first half of this year due to the Covid-19 travel restrictions and the global economic slowdown.

Alitalia on Tuesday reported a loss of 430 million euros ($510 million) for the first half of the year, compared to a 250 million euro loss a year

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Auto cos report healthy sales on low base, pent-up demand
Auto cos report healthy sales on low base, pent-up demand

New Delhi, Base effect along with a slight rebound in domestic demand led major automobile players to report healthy sales numbers for August.

Other factors such as healthy monsoon, pent up demand and preference for personal mobility over public transport during the pandemic has aided in the upswing, said ana

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Kashmir industry body flags business concerns with FM
Kashmir industry body flags business concerns with FM

New Delhi,  The Kashmir Chamber of Commerce and Industry (KCCI) flagged concerns of the business community during an online conference with Union Finance Minister Nirmala Sitharaman.

Speaking during the conference, KCCI President Sheikh Ashiq told the Finance Minister that although the slowdown across th

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US dollar climbs amid economic data
US dollar climbs amid economic data

New York, The US dollar strengthened in late trading on Tuesday as market participants digested a slew of newly-released economic data.

The dollar index, which measures the greenback against six major peers, rose 0.21 per cent at 92.3572.

In late New York trading, the euro was down to $1.1907 from $

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Markets open in red on Wednesday
Markets open in red on Wednesday

Mumbai, The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 38,892.64 points and touched a high point of 38,991.17. The Sensex touched a low of 38,880.32 points.

On Tuesday, the Sensex closed at 38,900.

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Amazon to invest $18 billion this year to help SMBs grow
Amazon to invest $18 billion this year to help SMBs grow

Seattle,  Amazon has announced to invest $18 billion this year to help small and medium businesses (SMBs) scale their operations and grow.

In the next 12 months, the ecommerce behemoth will provide more than 500,000 SMBs in the US currently selling on Amazon, with online selling guidance, education, and

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Costa Rican conservationist takes over as GEF head
Costa Rican conservationist takes over as GEF head

Washington, Costa Rican conservationist Carlos Manuel Rodriguez took up his new role as CEO and Chairperson of the Global Environment Facility (GEF), aiming to scale up action on forestry, food and land use, and biodiversity loss, and to support ambitious results from upcoming international climate and nature negotiations.

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UNEP calls for adopting sustainable food systems
UNEP calls for adopting sustainable food systems

Nairobi, The UN Environment Program (UNEP) has called for the global adoption of sustainable food systems in a post Covid-19 pandemic world.

On Tuesday, Inger Andersen, Executive Director of the UNEP, said that the disruptions created by the pandemic have offered a chance to radically rethink how to produce and co

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21 injured in Beirut protests
21 injured in Beirut protests

Beirut, At least 21 people were injured in a protest in Beirut against the appointment of a Lebanese new Prime Minister, the Red Cross said.

On Tuesday, thousands of protesters gathered in the capital city's downtown area to voice their anger over the appointment of Mustapha Adib, the country's former Amba

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