Business News

Oil Falls on US-China Tensions Over Hong Kong

Traders were also paying attention to the early signals on the meeting between the Organization of the Petroleum Exporting Countries and its allies in less than two weeks

May 27, 2020

By Reuters

Coronavirus

Red Cross Urges Governments to Join Forces to Fight Cyberattacks on Healthcare Sector

Earlier, Interpol warned that cybercriminals are increasing ransomware attacks on healthcare systems to hold hospitals to ransom amid the Covid-19 outbreak.

May 27, 2020

By R. Ghosh

Coronavirus Cybersecurity Ransomware

Merck Joins Coronavirus Fight; Enters Deals to Develop Two Separate Vaccines

Merck plans to shoulder the cost of ramping up production of the vaccines but is yet to finalize where they will be manufactured commercially.

May 26, 2020

By R. Ghosh

Coronavirus

Singapore Cuts 2020 GDP Outlook Again as Economy Headed for Deepest-Ever Recession

Singapore's economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter basis.

May 26, 2020

By Reuters

Coronavirus

Latin America's Largest Airline LATAM Files for US Bankruptcy Protection

LATAM, which has about $1.3 billion in cash on hand, was downgraded by Fitch on Friday.

May 26, 2020

By Reuters

Coronavirus

Germany Saves Lufthansa from Crashing; Agrees $9.8B Rescue Package

Lufthansa, Europe's second-largest airlines, has experienced severe financial fallout from travel bans, with 95% of its fleet currently grounded.

May 26, 2020

By R. Ghosh

Coronavirus

German Survey Fuels Stock Gains, Euro Investors Eye EU Summit

Lockdown measures introduced in mid-March have put the global economy on track for a recession this year

May 25, 2020

By Reuters

French Carmaker Renault Could Close Plants And Cut Jobs: Union

French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs

May 25, 2020

By Reuters

Coronavirus

putin-calls-poisoned-ex-spy-skripal-a-traitor

Coronavirus: Putin Makes Rare Visit to Kremlin as Russia Gears Up to Lift Lockdown

The death-to-infection ratio in Russia is far lower than in other countries but doctors and say the number of fatalities is a lot higher.

May 25, 2020

By R. Ghosh

Coronavirus

EU Must Present United Front To Shield Pandemic-hit Banks: Regulator

European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday

May 25, 2020

By Reuters

Coronavirus

Suparatana Bencharongkul: Pioneering an Agricultural Revolution in Thailand

It is unlikely that a young woman who did not care about making an impact would pursue such a path

May 25, 2020

By IBTimes SG Desk

Suparatana Bencharongkul Coronavirus

Aston Martin Chief to Leave, Mercedes-AMG CEO to Replace Him: Source

Aston Martin said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate

May 25, 2020

By Reuters

Xi Says China Could Have Set GDP Growth Goal Around 6% Had There been No Coronavirus

The Chinese government on Friday omitted a GDP growth target for 2020 in its yearly work report unveiled at the annual meeting of parliament

May 24, 2020

By Reuters

Amazon, Microsoft and Google Are Still Providing Services to Blacklisted Chinese Surveillance Firms

Big tech giants in the U.S. are still providing essential web services to 13 out of 18 of the world's most controversial surveillance companies to keep them online

May 23, 2020

By Bhaswati Guha Majumder

Facebook Huawei Cybersecurity

UK to require employers to pay 20-30% of furloughed wage cost

UK has drawn up plans to require employers to cover 20% to 30% of furloughed employees' wages from August to reduce the vast burden of the coronavirus crisis on government finances

May 23, 2020

By Reuters

Coronavirus

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