Amazon.com Inc is postponing its major summer shopping event, Prime Day, until at least August and expects a potential US$100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuters.
Tesla Inc is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency.
SINGAPORE: ComfortDelGro said on Saturday (Apr 4) that it will waive taxi rental for one month to help their cabbies "tide over this incredibly difficult period" after the Government announced that all non-essential workplaces and schools will be closed to stem the spread of COVID-19. Prime ...
SINGAPORE: Singapore's retail sales in February fell at the steepest pace in more than 12 years on a month-on-month basis as consumption fell across categories such as apparel and cosmetics due to the coronavirus pandemic. On a seasonally adjusted basis, retail sales declined 8.9 per cent in ...
SINGAPORE: Singapore Pools said on Saturday (Apr 4) that it will suspend all lottery draws from next week and shut down its outlets to comply with ramped up measures to curb the COVID-19 outbreak. National Development Minister Lawrence Wong said during a press conference on the COVID-19 situation ......
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday.
U.S. airlines and contractors faced a deadline of 5 p.m. on Friday to tap the federal government for up to US$32 billion in payroll grants to help them ride out a dramatic drop in air travel demand due to the new coronavirus outbreak.
General Motors Co (GM) will seek to extend maturities on USUS$6bn in revolving loans rather than refinance a USUS$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US.
WASHINGTON: World Bank Group President David Malpass on Friday (Apr 3) said the rapidly spreading COVID-19 pandemic was expected to cause a "major global recession" that would likely hit the poorest and most vulnerable countries the hardest. "We intend to respond forcefully and massively with ...
U.S. President Donald Trump has directed his cabinet to find ways to ease a cash crunch in the drilling industry after oil company executives told him in a Friday meeting it was among their top concerns, according to three sources briefed on the matter.
