About 380 whales have died in what is suspected to be Australia›s largest stranding on record, officials say. Since Monday, hundreds of long-finned pilot whales have been found beached on Tasmania›s west coast. Rescuers had managed to save 50 by late on Wednesday, and they were trying to help the remaining estimated 30 whales. Tasmanian government officials said the rescue ...

“I don’t think the V-shaped recovery depends on the package, but I do think a targeted package could be a great help,” Trump economic advisor Larry Kudlow said from the White House. Kudlow’s suggestion appeared to mark a deviation from statements made by Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin hours earlier. Both Mnuchin and Powell testified on ...

The economic recovery in the eurozone took a hit in September after a new rise in coronavirus cases, according to purchasing managers data released on Wednesday. The IHS Markit flash eurozone manufacturing purchasing managers index rose to 53.7 from 51.7, while the flash eurozone services PMI fell to 47.6 from 51.9. Taken together, the composite PMI just barely was above ...

Mumbai: South Asia’s biggest economy has been ineffective in stamping out the coronavirus outbreak and it will show up in its economic performance: India is set to lag regional peers in the race to recovery. The relative success of Pakistan, Sri Lanka and Bangladesh in containing the virus will help their economies recover at a faster pace than India, Capital ...

German factories kept Europe’s biggest economy moving in the right direction this month as virus concerns took a toll on services. IHS Markit’s manufacturing Purchasing Managers Index jumped to 56.6 in September — the highest in more than two years — from 52.2 in August. In contrast, the services index fell to 49.1, knocking the combined composite gauge to a ...

Business conditions have gone backwards for the month of August as ongoing lockdowns in Victoria smother the prospect of Australia’s economic snapback. Latest figures from National Australia Bank’s monthly business survey shows conditions in August had slipped, reversing the gains experienced in the previous month. Business conditions fell six points to an index position of negative six, which has been ...

Melbourne tech industry luminaries, including venture capitalist Paul Bassat, are fearful the Victorian government’s harsh lockdown restrictions will have a severe and lasting impact on the state’s economy and damage its emerging startup sector. Mr Bassat, who is also an AFL Commission board director, said there was a “certain irony” to weekly team meetings at his Square Peg Ventures investment ...