The pandemic will accentuate pre-existing pressures – in particular, low interest rates and digital disruption – on bank profitability, says Xavier Vives.
Former Nissan Motor Co Ltd Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results "pathetic", driven as much by a lack of joint leadership than the COVID-19 pandemic.
Rapid ageing, an inefficient financial system and a weakening international environment will make reforms in China more pressing in the wake of COVID-19, say observers.
DUBAI: The United Arab Emirates launches its first mission to Mars early on Monday as it strives to develop its scientific and technology capabilities and move away from its reliance on oil. The Hope Probe will launch from Japan's Tanegashima Space Center at 1:58 a.m. UAE time/6:58 a.m. Japanese...
Indian ship worker Tejasvi Duseja is desperate to go home after months stranded offshore by coronavirus border closures and lockdowns that have left more than 200,000 seafarers in limbo.
Brazilian President Jair Bolsonaro said on Saturday that lockdown measures used to curb the spread of the novel coronavirus "kill" and have "suffocated" the country's economy.
The British government asked Japan to help build its 5G wireless networks without Huawei Technologies, the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China.
REUTERS: Walt Disney has become the latest company to slash its advertising spending on Facebook as the social media giant faces an ad boycott over its handling of hate speech and controversial content, the Wall Street Journal reported on Saturday (Jul 19), citing people familiar with the situation ......
SINGAPORE: More than S$4 billion in Jobs Support Scheme (JSS) payouts will be disbursed to employers from Jul 29. More than 140,000 employers, with 1.9 million local employees, will receive the payouts to help retain their workers, the Ministry of Finance said on Sunday (Jul 19). Deputy Prime ......
Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers, the Yomiuri daily reported on Sunday.
