Germany's Lufthansa said it does not expect air travel demand to return to pre-crisis levels before 2024 and posted a second-quarter loss of 1.5 billion euros (US$1.78 billion) as cost cuts failed to offset a steep decline in revenue.
SHANGHAI: China's major state-run commercial banks are conducting large-scale internal testing of a digital wallet application, moving a step closer to the official launch of a home-grown digital currency, the 21st Century Business Herald reported on Thursday. The state-backed newspaper cited ...
TOKYO: Toyota Motor posted a 98 per cent plunge in its first-quarter operating profit on Thursday (Aug 6) as the coronavirus pandemic halved it global sales. Japan's top automaker reported a profit of 13.9 billion yen (US$131.73 million) for the April to June quarter, its worst since the June ...
Toyota Motor Corp posted a 98per cent plunge in its first-quarter operating profit on Thursday as the coronavirus pandemic halved it global sales.
MANILA: The Philippine economy plunged by much more than expected in the second quarter, falling into recession for the first time in 29 years, as economic activity was hammered by one of the world's longest and strictest coronavirus lockdowns. The Southeast Asian nation's economy shrank by 16.5 ...
SINGAPORE: DBS Group's second-quarter net profit slumped by a fifth as it boosted loan-loss provisions in a pandemic-hit market, but Southeast Asia's top lender said bad loans this quarter were steady and fee income was rising. The profit beat market estimates and rose from the preceding quarter ...
TOKYO: Japan's powerful business lobby Keidanren is dominated by energy-intensive sectors that represent less than 10 per cent of the economy, resulting in national policies that favour coal and hindering attempts to combat climate change, a new study said. The influence of the country's ...
SYDNEY: Unemployment in Australia will peak at about 10 per cent as a result of restrictions designed to slow the spread of the novel coronavirus, Prime Minister Scott Morrison said on Thursday (Aug 6). Australia previously saw unemployment hitting a high of 9.25 per cent this year. But after ...
The head of the U.S. House Financial Services Committee and other top Democratic lawmakers on Wednesday asked federal regulators to investigate securities transactions made by Eastman Kodak and its executives around the time it learned it could receive a US$765 million government loan.
SYDNEY: Australia will spend A$1.66 billion (US$1.19 billion) over the next 10 years to strengthen the cyber defences of private companies and households following a rise in cyber attacks, Prime Minister Scott Morrison will announce on Thursday (Aug 6). Cyberattacks on businesses and households ...
