Economy / Banking

Tesla could soon be added to the S&P 500 index – analysts

UNTV News   •   July 10, 2020

Tesla could soon be added to the S&P 500 index, said analysts. The company’s solid delivery numbers heightened expectations of a profitable second quarter, which Tesla will report on July...

U.S. Supreme Court rules some Trump financial records can be revealed

UNTV News   •   July 10, 2020

The U.S. Supreme Court on Thursday (July 9) ruled that a New York prosecutor can obtain President Donald Trump’s financial records but prevented – at least for now – the...

Nokia workers protest against planned job cuts in Paris

UNTV News   •   July 9, 2020

Several hundred Nokia workers protested in Paris on Wednesday (July 8) against plans to cut over 1,200 jobs in its French subsidiary Alcatel-Lucent International. Nokia has said most of the...

Gatchalian pushes for business loan program to curb joblessness amid pandemic

Robie de Guzman   •   July 8, 2020

MANILA, Philippines – Senator Sherwin Gatchalian on Wednesday called on the government to carry out a subsidy program that will help curb the rising unemployment rate in the country brought...

Uber to buy Postmates in $2.65 bln stock deal, expands food-delivery reach

UNTV News   •   July 7, 2020

Uber Technologies said on Monday (July 6) it would buy Postmates in a $2.65 billion deal, looking to expand its reach into the food-delivery market as the coronavirus crisis upends...

Cirque du Soleil files for bankruptcy protection as COVID-19 cancels shows

UNTV News   •   July 1, 2020

Canada’s Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday (June 29) as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its...

IMF revises down 2020 global economy forecast to contraction of 4.9 pct

UNTV News   •   June 25, 2020

The International Monetary Fund (IMF) on Wednesday revised down its forecast for the global economy amid the mounting COVID-19 fallout, projecting a 4.9-percent contraction in 2020. The latest projection is...

Imee Marcos calls on DOLE to probe alleged worker abuses in call centers amid pandemic

Robie de Guzman   •   June 23, 2020

MANILA, Philippines – Senator Imee Marcos has urged the Department of Labor and Employment (DOLE) to probe cases of worker abuse arising from flexible work arrangements, especially in call centers,...

Gov’t urged to grant incentives, not taxes to online sellers

Robie de Guzman   •   June 22, 2020

MANILA, Philippines – Senator Sherwin Gatchalian on Monday called on the government to extend fresh capital and other financial assistance, instead of implementing “untimely” new taxes to online entrepreneurs amid...

Trump: U.S. will not lock down again amid rising coronavirus cases

UNTV News   •   June 18, 2020

U.S. President Donald Trump said on Wednesday (June 17) the United States would not close businesses again as several states reported rising numbers of new coronavirus infections. “We won’t be...

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