Day: August 4, 2020

BP halves dividend after suffering record loss

BP has halved its shareholder dividend and posted a record $6.7bn quarterly loss after the coronavirus pandemic hit global demand for oil.

The dividend news is another blow for pension funds and private investors who have seen a string of firms cut or halt payouts.

The loss was largely due to BP writing down the value of its assets after it cut its oil price forecasts.

BP said the outlook for oil prices and demand was “challenging and uncertain”.

It also warned that the pandemic could weigh on the global economy for a “sustained period”.

In the short-term, BP

GDP recovery now depends on August rains; any setback to rural economy may dampen demand

After an impressive start and good rains in June, the monsoon petered out in July, a crucial month for growth of young grain plants and oilseeds such as rice, cotton and soybeans.

Indian Prime Minister Narendra Modi’s government is banking on a recovery in rural demand to slow the economy’s first contraction in four decades. But capricious rainfall may play spoilsport. After an impressive start and good rains in June, the monsoon petered out in July, a crucial month for growth of young grain plants and oilseeds such as rice, cotton and soybeans. Economists will be closely monitoring the

Twitter mulling a paid subscription model with custom colours, undo send option and more

Custom stickers and hashtags could also be a feature that premium users could get.

Twitter features: After microblogging platform Twitter’s CEO Jack Dorsy officially confirmed that the company was looking at a prospective paid subscription model, the social media site has started conducting a user survey on what kind of premium services could be included in this model. Twitter seems to be considering a wide range of new features that could be included, and users are asked to choose the option they like the most and the least.

Twitter paid subscription: Here’s what Twitter is mulling

According to the tweets