Business News

As USS Roosevelt Returns to Sea, Tests Show 60% Crew Have Coronavirus Antibodies

The vessel, which left Guam last week, has been cleaned and disinfected and is ready to sail in the western Pacific Ocean.

Jun 9, 2020

By R. Ghosh

Coronavirus

Oil Major BP To Cut 10,000 Jobs This Year, Eyes Paring More Cost

About a fifth of the job cuts will take place in Britain, where BP employs 15,000 people.

Jun 9, 2020

By Reuters

Coronavirus

Cocaine, Meth Prices Skyrocket Across US as Mexican Cartels Stockpile Drugs

Since the Covid-19 outbreak, federal drug agents have seized more illicit cash than usual, disrupting the way cartels do business.

Jun 9, 2020

By R. Ghosh

Coronavirus

US Economy Has Been in Recession Since February; Growth Expected to Resume This Summer

US GDP fell at a 4.8% annualized rate in the first three months of the year. Analysts expect April-June period to report an annualized decline of 20%.

Jun 9, 2020

By Reuters

Huawei Launches UK Advertising Blitz Ahead of Security Review

The by the company will run in national newspapers, business publications and online for three to four weeks

Jun 9, 2020

By Reuters

Huawei

Ryanair Chief Calls New UK Travel Quarantine Policy a 'Political Stunt'

The new travel quarantine rules in the UK require travelers coming into the country to self-isolate for a period of 14 days

Jun 9, 2020

By IBTimes APAC Desk

Share Prices of Gilead Rise By 5% After Reports About AstraZeneca's Merger Emerge

Reports emerged that AstraZeneca had approached Gilead with the proposal of a possible merger, which could lead to the formation of one of the largest drug companies in the world

Jun 8, 2020

By IBTimes APAC Desk

Global Stocks Pause as US Protests Threaten Economic Recovery

Gains in Asia were capped as Chinese trade data published on Sunday showed exports contracted in May.

Jun 8, 2020

By Reuters

These Jobs Are in Demand as US Reopens and Economic Recovery Starts

Unemployment dropped to 13.3 percent in May, as businesses added 2.5 million jobs, marking the best month for job growth since 1939.

Jun 8, 2020

By Vinay B.S.

Coronavirus

Samsung Leader Appears In Court, Waits To Hear If He Will Be Jailed Again

Jay Y. Lee is expected to head to a detention center to await the decision on whether he will be arrested, expected on Monday or early Tuesday

Jun 8, 2020

By Reuters

Samsung

New York Sets Up 15 Coronavirus Testing Centers for George Floyd Protesters, as City Poised for Reopening

New York City, which was under lockdown for more than two months, will also conduct 35,000 tests every day to monitor reopening progress

Jun 8, 2020

By R. Ghosh

Coronavirus

Future of Asia: In US-China Crossfire, Singapore's PM Lee Hsien Loong Stresses on Self-Reliance

In the post-COVID-19 world, growing tensions between China and the U.S., Singapore will need to avoid taking a side

Jun 8, 2020

By Krishnendu Banerjee

Coronavirus

More With Less--Lessons from the Road, and a Parable for the Entrepreneur Scott Bartnick

I didn't want to be an executive for a Fortune 500 company--at least not yet. I wanted a different lifestyle

Jun 8, 2020

By IBTimes SG Desk

Black Lives Matter: Jeff Bezos Shares 'Hatred-Ridden' Email from Angry Amazon Customer

After receiving the email from a man, Jeff Bezos said he is the kind of customer Amazon is "happy to lose"

Jun 8, 2020

By Bhaswati Guha Majumder

A man walks past a Singapore Airlines signage at Changi Airport in Singapore

Singapore Airlines Raises $10 Billion in Fresh Funding; No Plans to Trim Jobs Amid Pandemic

The carrier has also arranged new committed lines of credit and a short-term unsecured loan with a large number of banks.

Jun 8, 2020

By R. Ghosh

Coronavirus

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