Textile and electronics hardest hit in pandemic: official

Sài Đồng Garment Company workers produce shirts for export to the US, the EU and Japan. Amid the COVID-19 crisis, most companies have to lay off a large number of employees to cope with the pandemic. Only some large-scale companies can maintain their workforce. — VNA/VNS Photo Trần Việt

GST growth of 5.5% pulls economy down in Tamil Nadu

Tamil Nadu. The state registered the highest unemployment rate of 49.8% in the country in April.While the national figure stands at 23.5%, the unemployment rate in TN increased by 43.5% within a month. In March it was 6.3%, according to the survey. Over a longer time period, unemployment has moved from 0.9% in May 2019 […]

Urumqi reopens farmers’ markets with strict COVID-19 prevention measures

Personnel entering the markets, including staff members, vendors, traders and drivers, are required to carry proof of negative COVID-19 nucleic acid test results and undergo body temperature screening. In addition, they must register their information and vehicles must be disinfected before entering the markets.

Will you buy 1 lakh

Here’s your chance to express your unconditional gratitude towards India’s soldiers defending the nation and our borders by buying rakhis from Habba.org, which will ensure these rakhis reach Indian soldiers for Raksha Bandhan, and empathy for the artisans, who you can help, by buying their hand-made rakhis, earn Rs 5,000.

VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3

Despite heavy impact of the COVID-19 pandemic on the domestic and global economies, Vinamilk has still taken proactive actions to seek opportunities in potential markets, it noted, adding that the export of dairy products to China, the Republic of Korea and some other markets contributed 1.37 trillion VND to the net revenue in Q2, up […]

Free lunch! Bosses lure bankers back where they can see them

Around 70,000 of Barclays’ (BARC.L) 88,000 global workforce have worked from home during the pandemic and just 700 are timetabled to return to workplaces across Britain, India and the United States in July and August. The remainder will work remotely until at least end-September, a spokesman said.

Muru Music looks to launch AI music therapy platform

“Today with any streaming service you can give a thumbs up, a thumbs down, or skip [a song]. Here, what we’re doing based on feedback they’re giving — which is a heart or dislike, but it can also be comments — we translate that to how it relates to the vibe of the music and […]

Rupee slips 12 paise to 74.93 against U.S. dollar in early trade

The rupee opened on a weak note at 74.91 at the interbank forex market, then lost further ground and touched 74.93 against U.S. dollar, down 12 paise over its last close.

Forex trading can reduce unemployment in Nigeria — Victor Iloka, CEO Leo Fx Academy

Even with the lifting of the lockdown and easing of the restrictions in the first week of  May, economic activities have been stymied, as corporations and companies fail to make a profit, and in turn, are constrained to lay off an already depleted workforce.

Sensex tumbles over 300 points in early trade, Nifty slips below 11,000

Kotak Bank was the top loser in the Sensex pack, falling around 3%, followed by IndusInd Bank, HDFC Bank, ONGC, PowerGrid, Axis Bank, Sun Pharma and Reliance Industries (RIL).