world news

French government takes down coronavirus 'fake news' web page

Journalists’ union argued page was ‘clear interference in press freedom’

The French government has taken down a Covid-19 “fake news” page after accusations that it had overstepped its constitutional role and infringed press freedoms.

A page called Desinfox – a play on the word desintox (detox) – appeared on the government’s website last week. It claimed to be busting disinformation about coronavirus in the French media.

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world news

Global report: Iranian infections rise as France plans for resurgence

Spain extends state of emergency; Danish agency warns of risk of second wave

New coronavirus infections in Iran have risen sharply since the country relaxed its restrictions on movement, while France has said it will reimpose strict lockdowns if cases surge when it begins to emerge from confinement next week.

Tehran on Wednesday reported 1,680 new infections, nearly double the figure four days ago and the highest daily figure since 11 April when it allowed a phased return to work amid fears of economic collapse. A ban on travel between cities and business at shopping malls has since also been lifted.

Latvia, Lithuania and Estonia will open their borders to each others’ citizens from 15 May, creating a Baltic “travel bubble” within the EU.

Hundreds of Indian police have tested positive for the coronavirus in recent days, raising alarm among an over-stretched force as it attempts to enforce the world’s largest lockdown.

At least 90,000 healthcare workers worldwide – and possibly twice that – are believed to have been infected with Covid-19, and more than 260 nurses have died, the International Council of Nurses (ICN) said.

Professor Salim Abdool Karim, the South African government’s chief adviser, said the country’s strict lockdown and proactive screening and testing programme had helped limit its death toll to 148.

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world news

Global report: Russia becomes Europe's coronavirus hotspot

France confirms lockdown-easing from Monday as WHO warns on domestic violence

Another record rise in coronavirus infections has propelled Russia past Germany and France to the fifth highest tally in the world, as the French government confirmed the country would start gradually lifting its strict eight-week lockdown from Monday.

With much of Europe now easing itself out of confinement, Russia has become the continent’s new Covid-19 hotspot. More than half of the country’s 177,160 cases are in Moscow and the capital’s mayor, Sergei Sobyanin, said research suggested the actual number was nearer 300,000, more than triple the official figure.

Related: Covid-19 puts Putin's power plans on hold and economy in peril

Coronavirus cases in India have risen past 50,000, according to the country’s health ministry, with the pace of infection showing no sign of abating.

A new report suggested January’s Sundance film festival, the annual gathering of cinephiles in Park City, Utah, may have been a key early coronavirus hub in the US.

Iran said on Thursday its coronavirus outbreak was “relatively stable” as it announced more than 1,000 infections for a fourth straight day.

Poland has postponed Sunday’s presidential election. The postal-only ballot will now take place as soon as possible, but probably not before June.

Mayors in many of the world’s leading cities have said there can be no return to business as usual in the aftermath of the coronavirus crisis if humanity is to escape catastrophic climate breakdown.

Italy’s government and Roman Catholic bishops signed an agreement to allow the faithful to attend mass again from later this month.

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world news

Ex-French president Valéry Giscard d’Estaing accused of sexual harassment

German journalist alleges VGE repeatedly touched her bottom during interview

The former French president Valéry Giscard d’Estaing has been accused of sexual harassment in a legal complaint lodged by a German journalist.

Ann-Kathrin Stracke claims VGE, as he is known, repeatedly touched her bottom during an interview at his office on Boulevard Saint-Germain, in Paris, at the end of 2018. She lodged a complaint on 10 March with the Paris public prosecutor’s office.

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world news

Leaders mark heroics of war generation in shadow of pandemic

Quiet commemorations held to mark 75 years since end of war on continent

Seventy-five years ago crowds massed in the streets of Europe, singing and dancing as their leaders announced the end of six years of bloody war. On Friday, the streets were empty, and leaders stood alone in silence at places of commemoration, as a continent marked the heroics of the war generation in the shadow of the coronavirus pandemic.

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world news

'This is so wrong': Hollande highlights domestic violence in French lockdown

Ex-president backs new app for victims as WHO reports 60% rise in domestic abuse calls

The former French president François Hollande has spoken of his concern for women suffering domestic abuse during the lockdown.

In an interview with the Guardian, Hollande called for schoolchildren to be taught that violence at home was unacceptable but that it affected every social group.

Related: Protecting domestic violence victims in lockdown

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Uber earnings and big layoffs hit Silicon Valley's lucrative start-up sector: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. Today, CNBC's Kate Rooney also takes a look at the widespread layoffs hitting the lucrative tech sector and start-up scene.




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Shanghai Disneyland tickets sell out as park prepares to reopen

CNBC's Eunice Yoon reports the latest out of Beijing on the rising tensions between the U.S. and China over the handling of coronavirus.




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April jobs report can shed light on how long the unemployment crisis could last, economist says

The April jobs report is expected to show the worst unemployment rate since the Great Recession. Michelle Girard, chief U.S. economist at NatWest Markets, and Beth Akers, senior fellow at the Manhattan Institute, joins "Squawk Box" to discuss what they expect.




world news

Futures point to higher open ahead of April jobs report

U.S. stock futures rose early Friday morning after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020. CNBC's Frank Holland reports.




world news

Moderna CEO on Covid-19 vaccine timeline, how it might be distributed and more

The FDA has approved Moderna's coronavirus vaccine candidate for a phase 2 trial, something the company calls a crucial step in its timeline. Moderna CEO Stephane Bancel joins "Squawk Box" to discuss.




world news

Why the markets and economy are diverging during the pandemic

As economic data deteriorates, the stock market is substantially off its March lows, and the Nasdaq is now flat year-to-date. Peter R. Orszag, CEO, Financial Advisory, Lazard, joins "Squawk Box" to discuss the disconnect, the reopening of America and what might never return to normal.




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Gottlieb: Covid-19 vaccine may be available for selective use before official approval

Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA commissioner, tells "Squawk Box" that a Covid-19 vaccine could be made available for use in "selected circumstances" before it receives official approval for wider distribution.




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Uber CEO Dara Khosrowshahi on earnings, assisting drivers during pandemic and more

Uber reported its biggest loss in three quarters, but shares of the ride-hailing giant on the rise after pointing to early signs of recovery in different markets across the globe. Uber CEO Dara Khosrowshahi joins "Squawk Box" to discuss.




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US economy loses 20.5 million jobs in April, raising unemployment rate to 14.7%

CNBC's Steve Liesman breaks down the April jobs report, which came in at 20.5 million nonfarm payrolls lost in the month. This is the most historic job loss within a single month.




world news

Wharton's Jeremy Siegel on why historic April job losses aren't impacting stocks

Jeremy Siegel, finance professor at the University of Pennsylvania's Wharton School, joins "Squawk Box" to discuss the April jobs numbers and what the data means for the U.S. economy.




world news

Carrier CEO on first-quarter earnings, coronavirus impact, demand and more

David Gitlin, president and CEO of Carrier Global, joins "Squawk on the Street" to discuss the company's first-quarter earnings, how the pandemic has impacted business, his expectations for future demand and more.




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Large-cap tech and bio-tech companies helping to boost market despite pandemic, says Ed Yardeni

Ed Yardeni, president of Yardeni Research, and David Kelly, J.P. Morgan Asset Management's chief global strategist, join "Squawk on the Street" to discuss the historic April job loss and what it means for markets.




world news

Why Goldman's Jan Hatzius believes job losses may be higher than reported

Jan Hatzius of Goldman Sachs joins "Squawk on the Street" to discuss the latest jobs number, which saw the unemployment rate soar to 14.7 percent.




world news

Booking Holdings CEO Glenn Fogel on impact of coronavirus on travel

Glenn Fogel, CEO of Booking Holdings, joins "Squawk on the Street" to discuss the company's Q1 earnings results and how coronavirus has stalled travel plans globally.




world news

Live Nation president Joe Berchtold on outlook amid the pandemic

Joe Berchtold, president of Live Nation, joins "Squawk Alley" to discuss the company's outlook amid the coronavirus shutdown.




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Markets anticipating more rapid turnaround than expected, says Art Cashin

Art Cashin of UBS joins "Squawk Alley" to discuss the state of the markets and the economy.




world news

San Diego Mayor Kevin Faulconer on reopening the economy

San Diego mayor Kevin Faulconer joins "Squawk Alley" to discuss the process of reopening cities and keeping infections down.




world news

Why BMO's Brian Belski says the market has more room to run

CNBC's "Halftime Report" team is joined by BMO's Brian Belski to discuss his investment strategies amid the coronavirus pandemic.




world news

FDA authorizes VitalPatch for monitoring Covid-19 patients—Here's how it works

CNBC's Tyler Mathisen is joined by Vital Connect CEO Peter Van Haur to talk about how the company's VitalPatch product just got FDA approval to monitor coronavirus patients.




world news

Impossible Foods CEO on how meat shortages are driving demand for plant-based products

CNBC's Aditi Roy talks about meat shortages in the U.S. and the growing demand for products like Impossible Foods with the company's CEO Pat Brown.




world news

Labor Secretary Scalia on April jobs data: These are very difficult numbers for us to see

CNBC's Tyler Mathisen talks about the historic job losses in April with Labor Secretary Eugene Scalia.




world news

Large retailers should pay rent so we can help smaller retailers: Kimco Realty CEO

Conor Flynn, Kimco Realty CEO and president, join 'Power Lunch' to discuss the reopening of his shopping centers and the changes in the retail industry as the coronavirus pandemic continues.




world news

Trump: No rush to negotiate phase four stimulus package

CNBC's Kayla Tausche and Michelle Meyer, Bank of America, join 'Closing Bell' to discuss President Trump's comments that he is not in a hurry to expedite the fourth phase of the stimulus package.




world news

Bloomin' CEO on reopening restaurants and Covid-19 impact

David Deno, Bloomin' Brands CEO, joins 'Closing Bell' to discuss what their reopened restaurants look like, the company's first quarterly earnings, what customers are ordering and the April jobs loss number.




world news

Dr. Scott Gottlieb on remdesivir rollout and US coronavirus response

Dr. Scott Gottlieb, Former FDA Commissioner, joins "Closing Bell" to discuss the coronavirus pandemic.




world news

Jim Cramer: Wall Street welcomes positive coronavirus news, but investors should remain cautious

"We need to acknowledge that good things can still happen without going into denial about all the bad things that are currently happening," the "Mad Money" host said.




world news

The Fed's fight against Covid-19 and another financial crisis

As the novel coronavirus began to take hold on the United States, the Federal Reserve made a number of quick policy actions. The Fed slashed rates to nearly zero, announced a slew of asset purchases, and more, in an effort to stave of economic devastation as businesses shuttered and millions of Americans lost their jobs. Here's what the Federal Reserve has done to preserve a financial system rocked by a global pandemic.




world news

Airbnb struggles through its Covid-19 response

Airbnb is one of the many businesses in the travel industry that has been hit hard by the coronavirus pandemic. In March of 2017, Airbnb was valued at $31 billion. By the end of April 2020 that value dropped to $18 billion. With the threat of more cancelations as the pandemic halts the travel industry, guests, hosts and investors alike are left asking what Airbnb will look like after the novel coronavirus pandemic, or whether the company will survive at all.




world news

Why American farmers are dumping milk

Across America, dairy farmers have dumped countless gallons of fresh, entirely usable milk, because there is no one to buy it. The shelter-in-place orders given by governments around the country in response to the coronavirus pandemic have shuttered big customers such as restaurants and schools and kept people at home. About 50 percent of the milk produced in the United States goes to restaurants and other food service operations, according to the National Milk Producers Federation.




world news

How this wartime law is giving Trump extraordinary power

Efforts to fight the coronavirus pandemic have been largely bolstered by the usage of a 70-year-old wartime law called the Defense Production Act. Originally signed into law during the Korean War, the DPA affords the President special powers, such as mobilizing companies to produce medical supplies and accelerating the availability of resources to combat the pandemic.




world news

Free Webinar on "Clearing CA this time - Your Guide to clear CA"

Free Webinar session with Gaurav Sangtani, on coming 10th May, Sunday on the topic "Clearing CA this time - Your Guide to clear CA

Details of the webinar are mentioned below,

  • Date- 10th May, Sunday
  • Time- 4 PM  to 5:30 PM  

Profile of Gaurav Sangtani 

CA Gaurav Sangtani is Founder President of Jigyasa Foundation, a non-profit organization dedicated to education. He is a Finance professional, fellow member of the Institute of Chartered Accounts of India and working as Vice President for a Global Financial Services Firm. He has been a public speaker in ICAI Conferences, IIMs, IITs and also delivered many TEDx talks He has experience in CA Practice and as well as teaching CA Students. He co-founded CAShiksha, first eLearning portal for CA Students. 

In the webinar, we are going to cover topics that cover

  • Faculty of background
  • Essentials to clear CA
  • What if you are stuck in attempts trap
  • Q&A

Link for zoom: https://us02web.zoom.us/meeting/register/tZ0od-ypqjMoHNQFOw3dIsJef9eC-aCCrPdo  




world news

Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws-reg

Circular No. 138/08/2020-GSTCBEC-20/06/04-2020 -GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy W




world news

Relaxations relating to procedural matters – Issues and Listing

Securities and Exchange Broad of IndiaCIRCULARSEBI/HO/CFD/DIL2/CIR/P/2020/78May 06, 2020ToAll Registered Merchant Bankers




world news

Clarification on holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM)

General Circular No. 20/2020F.No. 2/4/2020-CL-VGovernment of IndiaMinistry of Corporate Affairs5th Floor, ‘A&rs




world news

Seeks to extend the due date for furnishing of FORM GSTR 9/9C for FY 2018-19 till 30th September, 2020

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance




world news

Seeks to extend the validity of e-way bills till 31.05.2020 for those e-way bills which expire during the period from 20.03.2020 to 15.04.2020 and generated till 24.03.2020

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance




world news

Seeks to extend the due date for furnishing FORM GSTR-3B, Jan-March, 2020 returns for the taxpayers registered in Ladakh

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance




world news

Seeks to make amendments to special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance




world news

Seeks to make fifth amendment (2020) to CGST Rules

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance




world news

Extension of the last date of filing of Form NFRA-2

General Circular No. 19/2020F. No 7/39/2019-CL-IGovernment of IndiaMinistry of Corporate Affairs5th Floor, ‘A’ Wing, Shas




world news

Discussion Paper Business Combinations-Disclosures, Goodwill and Impairment issued by the IASB for comments 

Mergers and acquisitions-referred to as ‘business combinations’ in IFRS Standards- are often large transactions for the companies involved. These transactions play a central role in the global economy. IFRS 3



world news

Detailed analysis of Charges under the Companies Act 2013

Charge especially gives security and empowers the charge holder that in case the Company makes a default for the repayment of the loan than the charge holder can get the claim amount from the security which was charged by the Company in favor of the charge holder.




world news

How Housing Finance Companies Sanction home loan to Salaried person?

How Housing Finance Companies Sanction home loan to Salaried person?




world news

Finance Department Post Pandemic (COVID-19)

Finance Department Post Pandemic (COVID-19)