Business

Singapore's recession was deeper than first thought in the second quarter due to coronavirus lockdown measures, and the government said the tradereliant economy's path to recovery remained uncertain due to the pandemic.

The Pentagon plans to free up a big chunk of its military airwaves in the U.S. for highspeed internet service, part of a broader push to get ahead of China in the deployment of 5G wireless technology.

The S&P 500 and Dow rose on Monday, as investors rotated into value stocks from heavyweight techrelated names while they awaited news on progress in a fiscal support bill for the country's battered economy.

On land and sea, the travel industry is hurting but holding out hope for a recovery.

CureVac , one of Germany's leading contenders to develop a COVID19 vaccine, said it aims to raise up to $245 million in an initial public stock offering (IPO) on the U.S. Nasdaq.

Oil rose on Monday, supported by an improvement in Chinese factory data and rising energy demand as countries eased coronavirusrelated lockdowns, but traders remained cautious due to U.S.China tensions and uncertainty over a U.S. stimulus package.

Surging COVID19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began.

Gold prices fell on Monday as the dollar held onto gains made after betterthanexpected U.S. payrolls data, while investors kept a close eye on SinoU.S. relations ahead of scheduled trade talks.

China's factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards precoronavirus levels, adding to signs of recovery in the world's secondlargest economy.

Participating in a panel discussion on 'Inspiring Women Changemakers: The Power of Communication, Storytelling and Advocacy', Kant further said that India has some great examples of women who have carved a space for themselves.

The company had cash and cash equivalent (including other bank balances) of Rs 968 crore as on March 31, 2020, up from a record low of Rs 504 crore a year back.

Barclays Plc is being probed by the United Kingdom's privacy watchdog, the Information Commissioner's Office (ICO), over allegations that the British bank spied on its staff, the agency said on Sunday.

Amitabh Kant said more than 90% of the $22 billion foreign direct investment in India during the pandemic came through the automatic route.

He said India has to engage with the world with competitive prices, high quality products, large scale economies of manufacturing, high productivity levels, but 'not on the crutches' of government subsidies.

Agricultural mechanization helps in increasing production through timely farm operations and cut in operations by ensuring better management of inputs.

He was addressing a virtual seminar on 'Unlocking Online Dispute Resolution to Enhance the Ease of Doing Business'.