Business News

More Trouble for Lee Jae-yong as South Korea Seeks Arrest of Samsung Heir in Fraud Case

The news comes at a time when Samsung is struggling with manufacturing disruptions and declining customer demand due to the coronavirus pandemic.

Jun 4, 2020

By R. Ghosh

Samsung Coronavirus

Coronavirus Frustrates Saudi Women's Push for Financial Independence

The Coronavirus pandemic has hammered Saudi Arabia's nascent non-religious tourism industry as well as other sectors

Jun 4, 2020

By Reuters

Coronavirus

Oil Drops on US Inventories and Doubts Over Output Cuts

In Asia, the volume of oil products traded during S&P Global Platts' Market-on-Close process plunged 74% in the month of May from a year earlier, as per reports

Jun 4, 2020

By Reuters

Coronavirus: From Massive Job Cuts to Recession, Singapore Braces for Volatile Times

Singapore to face massive job losses despite government relief package as Coronavirus strain on the economy continues

Jun 4, 2020

By Krishnendu Banerjee

Coronavirus

Automated immigration control gates are seen at Changi airport's Terminal 4 in Singapore April 30, 2018.

Fast Lane: Singaporeans Can Visit These Places in China from June 8 under Strict Conditions

With easing travel restrictions Singapore-China and vice versa resumes on June 8 for business and official trips

Jun 4, 2020

By Krishnendu Banerjee

Coronavirus

Passenger Traffic Jumps in May on Hefty Discounts on Tickets; IATA Warns of Further Losses

The IATA said that airlines cannot afford such luxuries as the road to recovery is long and discounts could further impact profitability.

Jun 3, 2020

By R. Ghosh

Coronavirus

Coronavirus Vaccine to be Seasonal Like Flu Shot: Former FDA Chief Scott Gottlieb

Gottlieb's comments come just a day after Dr. Anthony Fauci said that he worries about the "durability" of a potential coronavirus vaccine.

Jun 3, 2020

By R. Ghosh

Coronavirus

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

Oil Falls From $40 on Doubts Over Early OPEC Meeting

Saudi Arabia and Russia have a deal to extend cuts, but a meeting on Thursday rather than later in June may not happen, as per reports

Jun 3, 2020

By Reuters

The oil shipping industry; an essential backbone for environmental protection during COVID-19

The shipping tanking industry has been an essential backbone in the world's environmental protection during the COVID-19 crisis

Jun 3, 2020

By IBTimes SG Desk

Gold Dips as Equities Rally on Economic Recovery Hopes

The dollar index fell to a more than two-month low whereas the protests in US cities have carried on despite curfews and vows by Trump to call the National Guard or the US military

Jun 3, 2020

By Reuters

Google Faces $5Bn Lawsuit Over Tracking Users in Incognito Mode

Search engine giant Google collected user information even when they surfed the Internet in Private Mode, Now faces lawsuit

Jun 3, 2020

By IANS

Facebook

TikTok Apologizes After Users Claim it Blocked #BlackLivesMatter, George Floyd Posts

TikTok users, who typed #BlackLivesMatter or #GeorgeFloyd in their video captions, were told that the hashtags had zero views.

Jun 3, 2020

By R. Ghosh

Coronavirus

Gold Dips on Strong Equities; Trade Jitters, US Unrest Limit Losses

Bullion got additional support after U.S. President Donald Trump vowed to use the military for halting the violent protests in U.S. cities

Jun 2, 2020

By Reuters

Oil Prices Rise Ahead of OPEC+ Meeting on Output Cuts

Saudi Arabia has been pushing to keep the deeper cuts in place for quite some time, sources mentioned

Jun 2, 2020

By Reuters

US Protests: Pepper Spray, Black Lives Matter Merchandise Rank Among Top-Selling Items on Amazon

Two "I can't breathe" t-shirts were among Top 10 best selling items while a Black Lives Matter shirt was ranked 60.

Jun 2, 2020

By Vinay B.S.

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