Business

The government has emphasised on providing tax related services to taxpayers without any hassles during Covid-19 pandemic, and to that end has been clearing up pending tax refunds.

Macys Inc. (M) on Wednesday reported a fiscal secondquarter loss of $431 million, after reporting a profit in the same period a year earlier.

Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic.

Qatar Airways has struck a deal with Airbus SE to delay delivery of airplanes due to the pandemicinduced travel downturn but remains in talks with Boeing Co about deferrals, the airline's chief executive said on Wednesday.

The Trump administration on Tuesday announced plans to seek seniorlevel talks with Mexico over imports of perishable fruits and vegetable as part of a broader series of actions meant to bolster U.S. farmers, raising the possibility of future tariffs.

German lawmakers launched a parliamentary inquiry into the collapse of payments firm Wirecard on Tuesday in an effort to force the government to reveal more about a failure to avert the country's biggest postwar corporate fraud.

McDonald's Corp has been sued by 52 Black former franchise owners who accused the fastfood giant of racial discrimination by steering them to depressed, crimeridden neighborhoods and setting them up for failure.

Thailand's recently appointed finance minister, Predee Daochai, has resigned as the government struggles to pull Southeast Asia's secondlargest economy out of a slump caused by the coronavirus pandemic.

The additional 50% excise duty on liquor (which was levied in May), commonly known as corona tax, has been withdrawn from today after the implementation of the new excise policy.

India's monthly diesel consumption continued to decline for the second straight month in August, according to preliminary industry data, signalling lower industrial activity.

In a crisis, long-term planning may lose out to quick and dirty solutions regardless of the consequences.

Bharti Infratel Ltd will go ahead with its longdelayed merger with Indus Towers, the telecom infrastructure firm said on Tuesday.

Japanese firms slashed spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, suggesting the economy will take a protracted period to fully rebound from the coronavirusinduced slump.

U.S. President Donald Trump's administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan.

Canada reached an agreement in principle on Monday with both Novavax Inc and Johnson & Johnson for millions of doses of their experimental coronavirus vaccines, Prime Minister Justin Trudeau said.

When Archie Jafree heard that Lord & Taylor filed for Chapter 11 bankruptcy in early August, he was sad about the fate of the storied retailer with roots dating back to 1824.