Business News

Emerging economies burn through $240 billion in reserves, drain seen continuing: Bank of America

According to the Bank of America, several emerging countries have burned through their foreign exchange reserves over the lat two months

May 11, 2020

By Reuters

As US meat workers fall sick and supplies dwindle, exports to China soar

While pork supplies tightened as the number of pigs slaughtered each day plunged by about 40 percent since mid-March

May 11, 2020

By Reuters

Cathay Pacific hints at further job losses

The airlines said that upcoming discussions with the Hong Kong Aircrew Officers Association (HKAOA), representing unionised pilots, would involve "challenging conversations"

May 11, 2020

By IANS

Coronavirus

Bank of Japan signals more measures to avoid '2nd Great Depression'

The Bank of Japan (BoJ) announced that t would lift the cap on its purchase of government bonds and corporate bonds, among other measures

May 11, 2020

By IANS

China economically better off than other global powers facing a crisis after Coronavirus pandemic

China had a long term strategy in planning for a possible crisis and had been second largest economy globally even before the pandemic, say experts

May 10, 2020

By Vinay B.S.

Coronavirus

Pfizer to focus on coronavirus vaccine; plans to outsource production of some existing drugs

Outsourcing some of its manufacturing will allow Pfizer to shift a portion of its production to four of its existing vaccine manufacturing facilities

May 10, 2020

By R. Ghosh

Coronavirus

Coronavirus: Lyft to require drivers, riders to wear masks; launches personal health certification

Passengers will also be required to sanitize their hands frequently, keep their windows open and not sit in the front seat next to the driver

May 9, 2020

By R. Ghosh

Coronavirus

US private equity firm Vista buys 2.3% stake in India's Jio Platforms for $1.5 billion

US-based Vista Equity is now the largest investor in Jio Platforms behind Reliance Industries and Facebook.

May 9, 2020

By IBTimes SG Desk

Up to 15,000 UK pubs may never reopen: Report

Pubs in the UK have been amongst the hardest hit during the coronavirus pandemic and as many as 15,000 might not survive until the lockdown is lifted

May 8, 2020

By IANS

Coronavirus

China exports and imports fall more than expected in July due to weakening demand

German exports fall in March as the Coronavirus outbreak hits demand

The deadly virus outbreak has created a major stir around the world claiming the lives of nearly 270,000 people worldwide

May 8, 2020

By IBTimes APAC Desk

Coronavirus

Japan businesses re-open as government eyes end to emergency measures in some regions

In Japan, businesses have been resuming operations even as the coronavirus epidemic has sapped consumer demand

May 8, 2020

By Reuters

Coronavirus

Top US, China trade officials agree to strengthen cooperation

Donald Trump and other top officials have blamed China for the deaths of hundreds of thousands from the outbreak

May 8, 2020

By Reuters

Zoom acquires secure messaging service Keybase to enhance encryption efforts

The acquisition of the 25-person start-up is Zoom's latest move in a 90-day plan that the company announced on April 1 to fix it security flaws

May 8, 2020

By R. Ghosh

Coronavirus

Moderna gets emergency approval from FDA for phase 2 trial of its coronavirus vaccine candidate

Moderna plans to begin the phase 2 clinical trials with 600 participants soon and the phase 3 trials as early as this summer

May 7, 2020

By R. Ghosh

Coronavirus

King Salman bin Abdulaziz Al Saud of Saudi Arabia

Saudi Arabia to emerge stronger after oil rout? Not if demand plunge accelerates Peak Oil

Saudi Arabia increased budget spending sharply for many years until the oil bull run ended in 2014. This led to a steep rise in the country's fiscal break-even oil price.

May 7, 2020

By Jacob J

Coronavirus

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