SINGAPORE: For courier David Lee, who has to leave his house daily to deliver items, hygiene products are invaluable during the COVID-19 “circuit breaker” period. Both he and his wife work in essential services, which means that their two daughters have also been travelling to school to be under ...
The world faces a gradual but prolonged delinking of trade and investment, which would add to the secular headwinds already facing the global economy, says Mohamed A El-Erian.
There are emerging examples of employers here laying off staff on “disguised retrenchments”, says employment and labour lawyer Amarjit Kaur.
SINGAPORE's position as a financial centre backing trade flows in emerging Asia speaks to the urgency of securing ample access to the greenback here, amid global dollar tightness in recent months.
NEW YORK: The Nasdaq's six-day winning streak ended on Tuesday (May 12) as US stocks pulled back after a top government scientist warned against ending the coronavirus shutdowns and reopening the economy too quickly. The Dow Jones Industrial Average finished down 457.21 points (1.89 per cent) at ...
REUTERS: U.S. private equity firm KKR & Co Inc said on Tuesday it led an investor group making a US$43 million investment in Slice, an online delivery platform for local pizza shops across the country. KKR's investment comes amid a surge in demand for online shopping and delivery services...
Twitter Inc on Tuesday became the first major tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in work culture across the world.
NEW DELHI: India's Prime Minister Narendra Modi unveiled on Tuesday (May 12) a stimulus package worth 10 per cent of the country's GDP to boost labourers and small businesses as the economy reels from the coronavirus pandemic and a weeks-long lockdown. The 20-trillion-rupee (US$266 billion) relief ...
BEIJING: The chief executive of Luckin Coffee, a chain rivalling Starbucks in China, and another top executive have been sacked in the wake of a massive fraud scandal that has rocked the company. Jenny Zhiya Qian, the CEO, and chief operating officer Liu Jian were terminated from their positions...
The United States on Tuesday reported a record US$738 billion budget deficit in April, as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic put it deeply into the red.
