Business


Watch Google's I/O keynote live here

This year, Google is expected to announce key changes in Android Pay, to make it more popular and also expand it more markets like India, where digital transaction has just begun peak after the demonization of high currency notes (Rs. Google is yet to confirm precisely when this update is going to be released for Android TV so it's unclear right now how long users will have to wait before they get Assistant and a brand new launcher on their smart TV.


Virgin Australia Q3 underlying loss widens to US$46m

Virgin Australia Q3 underlying loss widens to US$46m

Virgin said its fleet simplification program, unfavourable movement in the USA dollar, Cyclone Debbie in Queensland and its budget arm Tigerair being forced off its Bali routes had all hurt earnings. Virgin Australia was also hit by costs associated with its removal of some aircraft from its fleet. The one unit to see an increase in passenger numbers was low-priced subsidiary Tigerair Australia, where passenger numbers rose 4.5 per cent and its revenue load factor rise 3.5 points to 89 per cent.



Ahead of EVM hacking challenge, EC meets 55 parties today

The Commission had convened the meeting to discuss the reliability of the EVMs following hacking allegations by some parties. Days before the meet, the Aam Admi Party (AAP) had staged a demonstration on hacking a "voting machine" in the Delhi Assembly.



Chesapeake Energy Corporation Posted losses of -0.54% in the Last Trade

Hollencrest Securities LLC increased its position in shares of Chesapeake Energy by 6.1% in the first quarter. AlphaOne also gave media headlines about the utilities provider an impact score of 59 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next few days.



France's Macron looks to past post-win, gears up for future

Emmanuel Macron has won a resounding victory in the French presidential election but the focus will shift immediately to whether he can govern the country without the support of a traditional party. Belgian Prime Minister Charles Michel said Macron's victory was also a "clear rejection" of a "dangerous retreat plan for Europe". The candidates will be announced by Thursday.



Oil rises sharply as Saudi, Russia back supply cuts into 2018

But it isn't clear that these cuts will be able to reduce the glut of oil that precipitated crude's price collapse. The global Brent oil benchmark was up 3% to $52.33 per barrel this morning, and the U.S. "It has taken some time for stocks to reflect lower supply when volumes produced before output cuts by OPEC and eleven non-OPEC countries took effect are still being absorbed by the market", the report said.