Business News

California Accuses Cisco of Job Discrimination Based on Indian Employee's Caste

Two managers at Cisco Systems harassed the Indian-American employee as he was from a lower Indian caste than them, the lawsuit says.

Jul 1, 2020

By Reuters

European Shares Edge Lower at the End of Strong Quarter

Investors are going to focus on testimony by the U.S. Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin later in the day for hints on more U.S. stimulus

Jun 30, 2020

By Reuters

Economies of Gulf Countries to Shrink by 7.6% This Year, IMF Claims

Saudi Arabia's central bank governor mentioned instead that the kingdom is expecting its economy to fare better than forecast by the IMF

Jun 30, 2020

By IBTimes APAC Desk

Coronavirus

November Supermoon: Striking visuals of the closest full moon until 2034

Air France Is Planning to Cut 6,500 Jobs by 2022: Report

Lufthansa Group is also cutting the equivalent of 22,000 full-time positions, or 16% as the world continues to grapple with the coronavirus outbreak

Jun 30, 2020

By IBTimes APAC Desk

Coronavirus

Will oil price stay higher after Opec-Russia output reduction?

OPEC Oil Output Sinks as Saudi Deepens Cuts and Others Cut More, Survey Shows

OPEC supply also declined as Iraq and Nigeria, which were compliance laggards in May and in previous OPEC+ deals, made bigger cutbacks in June

Jun 30, 2020

By Reuters

Wirecard's Former Boss Faces Criminal Complaint in Austria

Wirecard hired KPMG for conducting an independent audit following critical media reports about the financial technology company

Jun 30, 2020

By Reuters

Oil Prices Drop on Prospect of Returning Libyan Supplies

Investors are watching to see whether Libya is able to restart exports that have been almost entirely blockaded since January amid the country's civil war

Jun 30, 2020

By IBTimes APAC Desk

Coronavirus

Airbus Decreases Services Push Amid Coronavirus Crisis

The deadly virus outbreak has created a major stir around the world in recent time infecting more than 10.3 million people globally

Jun 30, 2020

By IBTimes APAC Desk

Coronavirus

Singapore GE2020: Here's Why PM's Brother Lee Hsien Yang Won't Contest July 10 Election

The 62-year-old said that he will continue campaigning against the ruling People's Action Party (PAP), led by his elder brother Lee Hsien Loong.

Jun 30, 2020

By R. Ghosh

China Unveils Cross Border Wealth Management Scheme With Hong Kong, Macau

Mainland China has strict capital controls, however, neighboring regions of Hong Kong and Macau do not

Jun 29, 2020

By Reuters

Shares of Energy and Consumer Companies Plunge; Wirecard Soars

The scandal-hit German payments company soared 152 percent following an about 170 percent plunge in the past three weeks.

Jun 29, 2020

By Reuters

Coronavirus Rekindles Global Trade Disputes

The European Union is planning barriers to state-backed investment from China and elsewhere as Beijing is demanding declarations that food imports are virus-free

Jun 29, 2020

By Reuters