Business News

King Salman extends Indonesia tour: 45 trucks to transport Saudi King's luggage during Bali holiday

Coronavirus impact: Saudi companies to reduce salaries by 40 percent, terminate employees

Private sector companies can even terminate labor contracts after six months if they are facing financial issues due to the COVID-19 situation

May 5, 2020

By Gani Mohamed Waseem

Coronavirus

Oil prices extend gains on demand hopes as lockdowns ease

Italy, Spain, Nigeria and India, together with Ohio and other US states, started allowing few people to go back to work and opened up construction sites, parks and libraries

May 5, 2020

By Reuters

Coronavirus

UK car sales plunge to lowest level since 1946

Car sales have plunged to the lowest level in the UK since 1946 because of the lockdown due to the coronavirus pandemic

May 5, 2020

By IANS

Coronavirus

Coronavirus: US Treasury Secretary claims international travel may not resume this year

Treasury Secretary Steven Mnuchin says international travel may remain restricted throughout the year and encourages domestic travel

May 5, 2020

By Bharat Sharma

Coronavirus

Rich countries should make Coronavirus pandemic recovery plans: Global investors

The deadly virus outbreak has created a major stir around the world in recent times in more than 170 countries

May 5, 2020

By IBTimes APAC Desk

Coronavirus

Gold dips as virus-led curbs ease, tariff worries persist

Investors were expecting the US ISM non-manufacturing PMI data, due later in the day, and weekly jobless claims and April non-farm payrolls numbers scheduled for later this week

May 5, 2020

By Reuters

Coronavirus

Singapore retail sale witnesses biggest fall in more than 20 years due to Coronavirus outbreak

The deadly virus outbreak has spread to more than 170 countries in the world and infected over 3.5 million people globally

May 5, 2020

By IBTimes SG Desk

Coronavirus

Clothing giant J.Crew falls prey to coronavirus; files for bankruptcy

The company has secured $400 million in financing from its existing lenders to fund operations through bankruptcy

May 5, 2020

By R. Ghosh

Coronavirus

Coronavirus: Scientists develop new antibody test with 99.8% accuracy and faster results

Blood-screening company Quotient has developed a new machine that has the capacity of conducting 3,000 coronavirus antibody tests daily

May 4, 2020

By R. Ghosh

Coronavirus

Malaysia criticises WHO's advice against palm oil during coronavirus

The Southeast Asian country Malaysia, the world's second-biggest producer of palm oil, said such advice was "antiquated"

May 4, 2020

By Reuters

Coronavirus

White House adviser will not rule out more money for states, small businesses

Over 30 million Americans have joined the unemployment benefit rolls over the past six weeks and lawmakers on Capitol Hill are discussing a fourth coronavirus relief bill

May 4, 2020

By Reuters