Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.
WASHINGTON: The business shutdowns caused by the coronavirus pandemic could "easily" cause the US economy to collapse by 20 to 30 per cent this quarter, Federal Reserve Chair Jerome Powell said on Sunday (May 17). Data show more than 30 million jobs were destroyed in the world's top economy,...
TOKYO: Japan dived into its first recession since 2015, according to official data Monday (May 18), with the world's third-largest economy contracting by 0.9 per cent in the first quarter as it wrestles with the fallout from COVID-19. The drop in gross domestic product followed a 1.9-per cent ...
Shares of SK Hynix , the world's No.2 memory chip maker after Samsung Electronics , fell 3.2per cent on Monday after the United States on Friday moved to curb shipments of semiconductors to Huawei from global chipmakers.
SINGAPORE: Singapore's non-oil domestic exports (NODX) grew 9.7 per cent year-on-year in April, a drop from the 17.6 per cent growth that was seen in March, according to official data released on Monday (May 18). April's expansion was largely due to pharmaceuticals, which grew from a low base a ...
Apple Inc will this week reopen more than 25 of its branded stores in the United States, a company spokesman said on Sunday, continuing a gradual process that has unlocked doors at nearly a fifth of its worldwide retail outlets.
Rather than create a new international financial architecture in these extraordinary times, policymakers should focus on adjusting the existing system, says Mauricio Cárdenas.
A new analysis tried to estimate Americans' “willingness to pay” based on the implied value of social distancing and other public intervention measures.
In the time of coronavirus, when starting a job normally is unrealistic, adjusting expectations may be the key to surviving – and thriving – in a new workplace.
UNITED Overseas Bank (UOB) has had a 406 per cent increase in the online purchase of its investment products in the first quarter versus a year ago, with the strongest demand for gold and unit trust products, as investors seek defensive and diversified assets.
