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Coronavirus: Global oil prices rise as lockdowns ease

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BusinessToday.In | May 5, 2020

Amazon VP Tim Bray quits, calls company 'chickenshit' for firing workers

Tim Bray, a senior software engineer at Amazon, has stepped down from office citing the company's decision to fire protesting employees who called out its labour practices. In an open letter titled 'Bye, Amazon' on his website, he declared that May 1 was his last day as the Vice President and distinguished engineer at Amazon Web Services after five years and five months. Calling his stint at Amazon rewarding fun, Bray said that he is quitting "in dismay at Amazon firing whistleblowers who were making noise about warehouse employees frightened of COVID-19"

Coronavirus impact: India's gold imports plunge 99.9% in April

India's gold imports plunged 99.9% year-on-year in April to their lowest in nearly three decades as air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said. The world's second biggest consumer of the precious metal imported around 50 kilograms of gold in April, down from 110.18 tonnes a year ago.

Delhi govt imposes 70% 'Special Corona Fee' on alcohol

Tipplers will have to pay a pretty penny for enjoying their favourite drinks during coronavirus lockdown. Delhi government has decided to impose a 'Special Corona Fee' of 70 per cent on sale of liquor in national capital. The charges will come into effect from May 5. The proposal was approved at a Cabinet meeting chaired by Chief Minister Arvind Kejriwal on Monday.

Coronavirus Lockdown Live Updates: After Delhi, Andhra Pradesh hikes liquor price by 75%; India's cases-46,433

Vijay Mallya seeks to move UK Supreme Court against extradition order to India

Vijay Mallya on Monday filed an application seeking leave to appeal in the UK Supreme Court, exactly two weeks after the embattled liquor baron lost his London High Court appeal against an extradition order to India on charges of fraud and money laundering related to unrecovered loans to his now-defunct Kingfisher Airlines.

Coronavirus: Global oil prices rise as lockdowns ease

Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures. Global oil demand probably collapsed by as much as 30% in April, analysts have said, and the recovery is likely to be slow, especially with airlines expected to remain largely grounded for months to come.

India needs stimulus package like US and direct cash transfer:  Abhijit Banerjee tells Rahul Gandhi

Nobel laureate Abhijit Banerjee, while speaking with Congress leader Rahul Gandhi on Tuesday, said that direct cash transfer is the only way to benefit not only the poor, but also those who have been severely affected by the long spell of lockdown. Talking about transferring benefits to the poor, Abhijit Banerjee said the government needs a mechanism with which the Centre will transfer the money to the state governments to reach the poor.

Coronavirus crisis: Govt should write off loans of small businesses, says Abhijit Banerjee

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