JAKARTA: Indonesia's economic recovery was "very fragile" and could reverse as shown by tax revenue data in July, the country's finance minister said on Tuesday (Aug 25), warning that the economy faced a struggle to avoid a recession. Revenues had improved temporarily in June after coronavirus ...
An Australian court overseeing a criminal cartel case against Citigroup Inc and Deutsche Bank AG on Tuesday declined a prosecution request to delay proceedings, raising the chances the long-running matter will proceed to trial this year.
Chinese President Xi Jinping warned that the world's second-biggest economy is facing a period of 'turbulent change' and that rising external markets risk required policymakers to increasingly rely on domestic demand to spur growth.
Qantas Airways Ltd said on Tuesday it planned to cut up to 2,500 jobs by outsourcing its Australian ground handling operations to lower costs as it braces for a AUS$10 billion (US$7.17 billion) hit to revenue due to the pandemic this financial year.
FUNDING for fintechs in the Asia-Pacific grew 9.1 per cent in the second quarter as investors shifted their bets to firms in Australia and South-east Asia.
BEIJING: Top Chinese and US negotiators spoke on the phone on Tuesday (Aug 25) and agreed to "push forward" their phase one economic deal, amid soaring tensions between the two sides on several fronts. The US and China signed the accord in January, bringing a partial truce in their...
Apple Inc plans to start reopening U.S. retail stores that had been closed over the past several weeks due a resurgence in COVID-19 cases, Bloomberg News reported on Monday, citing people with knowledge of the matter.
Video-conferencing company Zoom Video Communications Inc said on Monday (Aug 24) it had restored service to its US users after a partial outage left many unable to log in to work meetings or attend school classes remotely.
As Tesla Inc accelerates the shift to electric cars, Hyundai Motor 's loyal suppliers have increasingly turned to "outsiders" for parts - but now the South Korean carmaker's own supply company, Mobis, is plunging into the game.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He on Monday, the U.S. Trade Representative's Office said in a statement, and both sides see progress on trade issues and are committed to making the Phase 1 agreement reached in ...
