PHOTOS: Arapahoe Basin ski area reopens after closing for COVID-19

Arapahoe Basin ski area reopened on May 27, 2020. Arapahoe Basin closed March 14, due to the coronavirus. The ski area is open on a limited basis and allowing only 600 skiers and snowboarders per day on an online lottery basis until further notice.

Triumph Group Suspends FY21 Outlook Amid COVID-19 – Quick Facts

While reporting financial results for the fourth quarter on Thursday, Triumph Group, Inc. (TGI) said it is not providing financial guidance for the full-year 2021 at this time, due to the uncertainty around the ultimate impact of COVID-19 on the global market and economic conditions.

K-Pop group BTS' label Big Hit Entertainment files review for IPO -bourse

SEOUL, May 28 (Reuters) – Big Hit Entertainment, the management label of South Korean K-Pop group BTS, has filed for a preliminary review of a planned initial public offering, the Korea Exchange said on Thursday.

JPMorgan, NH Investment & Securities and Korea Investment & Securities are the underwriters for the offering, the exchange said in a statement. (Reporting by Heekyong Yang and Joyce Lee; editing by Jason Neely)

Europe's coronavirus death toll tops 175,000

PARIS (AFP) – The coronavirus death toll in Europe crossed 1750,000 on Thursday (May 28), according to an AFP tally from official sources at 0810 GMT.

With 175,011 dead from 2,084,058 cases, Europe has suffered more than other continents from Covid-19 infections.

Britain has registered 37,460 dead, Italy 33,072, France 28,596 and Spain 27,118.

The global number of fatalities has reached at least 355,548.

Sensex rallies 595 points; Nifty tops 9,450

Equity benchmark Sensex rallied 595 points on Thursday, tracking gains in index-heavyweights HDFC twins, Reliance Industries, L&T and ICICI Bank amid positive cues from global markets.

Extending its gains for the second session, the 30-share index hit a high of 32,267.23 points during the day ahead of the expiry of May derivatives contracts. It finally ended 595.37 points or 1.88% higher at 32,200.59.

Similarly, NSE Nifty jumped 175.15 points or 1.88% to 9,490.10.

L&T was the top gainer in the Sensex pack, spurting over 6%, followed by Hero MotoCorp, HDFC Bank, IndusInd Bank, Maruti, HDFC and HCL Tech.

On the other hand, ITC, SBI and Bharti Airtel ended in the red.

Benchmarks witnessed a broad-based rally on account of short-covering by market participants as May derivatives expired at the end of the session, analysts said.

Further, domestic investors took positive cues from most global markets amid optimism over the reopening of major economies across the world.

Benchmarks in Shanghai and Tokyo ended with gains, while Hong Kong and Seoul settled in the red.

Stock exchanges in Europe began on a positive note, rising up to 1%.

International oil benchmark Brent crude futures rose 0.92% to USD 34.92 per barrel.

On the currency front, the rupee settled 5 paise down at 75.76 against the US dollar.

A mammoth discovery: Giant remains found near Mexico City

Archaeologists dig up the remains of about 60 of the most famous mammals of the Ice Age outside Mexico’s capital.

It is a discovery that could shed some light on the hunting habits of prehistoric communities in Mexico.

Archaeologists near Mexico City have discovered the remains of about 60 mammoths and other species.

Al Jazeera’s Sara Khairat reports.

Eric Trump Tweets ‘GREAT DAY for the DOW’ As Coronavirus Death Toll Tops 100,000

Eric Trump, one of President Donald Trump’s three sons, is being called out on social media for celebrating rising stock numbers on the same day U.S. deaths from the coronavirus topped 100,000. 

As the Dow jumped by 2.21 percent on Wednesday, Trump ― who runs the family business with his older brother, Don Jr. ― tweeted about the “great day” for the stock market: 

Given the growing death toll, the message didn’t go over well:  

Pret a Manger to reopen 204 more UK stores

Pret a Manger is to reopen another 204 shops for takeaway and delivery from 1 June, taking its openings across the UK to more than 300.

Shops will reopen in cities including Bath, Bournemouth, Exeter, Liverpool and Newcastle. Pret has about 500 outlets in the UK and has gradually been reopening them since mid-April.

The shops will serve a stripped-down menu to help with physical distancing in Pret’s kitchens. Customers will be able to buy new “heat at home” versions of products including macaroni cheese, soups and risottos.

Pano Christou, the chief executive of Pret, said: “We’re rapidly transforming our business in light of the pandemic and the dramatic drop in city-centre footfall. The changes we’ve been making include new ways to serve customers and bring Pret’s products to our customers’ homes safely.

“It’s going to continue to be tough for Pret in the months ahead, and I’d like to thank our team members who are returning to work and making reopening possible.”

Safety measures in the reopened stores include protective screens in front of tills and limits on the number of customers in shops.

Chains including Greggs, McDonald’s, Burger King, KFC, Costa Coffee and Starbucks have reopened hundreds of outlets in recent weeks as the government has eased lockdown rules.

FDI in India jumps 13% to record $ 49.98 bn in 2019-20

Foreign direct investment (FDI) in India grew by 13% to a record of $ 49.97 billion in the 2019-20 financial year, according to official data.

The country had received FDI of $ 44.36 billion during April-March 2018-19.

Sectors which attracted maximum foreign inflows during 2019-20 include services ($ 7.85 billion), computer software and hardware ($ 7.67 billion), telecommunications ($ 4.44 billion), trading ($ 4.57 billion), automobile ($ 2.82 billion), construction ($ 2 billion), and chemicals ($ one billion), the the Department for Promotion of Industry and Internal Trade (DPIIT) data showed.

Singapore emerged as the largest source of FDI in India during the last fiscal with $ 14.67 billion investments.

It was followed by Mauritius ($ 8.24 billion), the Netherlands ($ 6.5 billion), the US ($ 4.22 billion), Caymen Islands ($ 3.7 billion), Japan ($ 3.22 billion), and France ($ 1.89 billion).

FDI is important as the country requires major investments to overhaul its infrastructure sector to boost growth.