SINGAPORE: Singapore’s factory activity shrank for the third consecutive month in April amid a “circuit breaker” period to curb the spread of COVID-19, making it the lowest reading since November 2008. The Purchasing Managers’ Index (PMI) for April came in at 44.7, down 0.7 point from the previous ......
Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors.
Chinese smartphone maker Xiaomi Corp said on Monday it will launch an e-commerce service in India this week to enable customers stuck at home during a nationwide lockdown to buy its products from their local retailer.
General Electric Co said on Monday it was planning to cut its global workforce in the aviation unit by as much as 25per cent this year, including both voluntary and involuntary layoffs, due to business disruptions caused by the COVID-19 pandemic.
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett's Berkshire Hathaway said it offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
Uber Technologies subsidiary Careem on Monday said it would lay off 536 employees this week, representing 31per cent of its workforce.
Operating profit at Czech carmaker Skoda Auto, part of the Volkswagen Group , fell 25per cent in the first quarter to 307 million euros as the new coronavirus outbreak started to bite, the company said on Monday.
General Electric Co said on Monday it was planning to cut its global workforce in the aviation unit by as much as 25per cent this year, including both voluntary and involuntary layoffs, due to business disruptions caused by the COVID-19 pandemic.
In a break from tradition caused by the coronavirus pandemic, the U.S. Supreme Court on Monday for the first time will hear arguments in a case not in person but by teleconference - a trademark dispute involving the popular hotel reservation website Booking.com.
Apple Inc on Monday launched a new version of its 13-inch MacBook Pro laptop with double the storage compared to its previous generation models as well as a faster 10th-generation processor, the company said.
