Euro zone economy shrinks at record rate, inflation slows sharply
By Ritu, Capital Sands The Euro zone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply...
Japan’s Abe says impossible to hold Olympics unless pandemic contained
By Ritu, Capital Sands Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics could not take place next year unless the coronavirus pandemic is contained, as the city’s...
Softbank-backed OYO to cut pay of all employees in India
By Ritu, Capital Sands Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% for four months starting April and also sent some of its...
South Asian nations weigh tighter lockdowns as coronavirus cases hit 12,000
By Ritu, Capital Sands India accounts for more than half the tally of those infected with coronavirus across south Asia, which crossed 12,000 on Friday, government data showed, despite a...
Supreme Court order for free coronavirus testing may hinder fight, say business leaders, health experts
By Ritu, Capital Sands A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a...
UK PM Johnson in intensive care, needed oxygen after COVID-19 symptoms worsened
By Ritu, Capital Sands British Prime Minister Boris Johnson was in intensive care on Tuesday after receiving oxygen support for serious COVID-19 complications, leaving his foreign minister to lead the...
Euro zone investor morale hits all-time low on coronavirus
By Ritu, Capital Sands Investor morale in the euro zone fell to an all-time low in April and the bloc's economy is in deep recession due to the coronavirus, which...
Infection rate steepens as India searches for 9,000 exposed to Delhi cluster
By Ritu, Capital Sands India reported its biggest single day increase in coronavirus cases as officials on Thursday raced to track down some 9,000 people exposed to the country’s biggest...
India’s top carmaker Maruti Suzuki reports 16% sales fall
By Ritu, Capital Sands Sales at India’s biggest carmaker Maruti Suzuki India, which sells one in every two cars in the country, fell 16% in the last fiscal year, hit...
Indian bonds rally on new foreign investment category
By Ritu, Capital Sands Indian bonds rallied on Tuesday after the Reserve Bank of India (RBI) announced a new category for foreign investors, while hopes of a reduction in April’s...