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.
The U.S. Securities and Exchange Commission's lone Democratic commissioner on Friday called for a delay in pending rule changes due to the coronavirus outbreak, while cautioning against excessive regulatory relief in the rush to assist companies struggling with fallout from the pandemic.
Southwest Airlines Co said on Friday it has applied for U.S. payroll grants but cannot disclose details as the next several days could involve conversations on the terms of any agreement.
Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans.
There’s no escaping the need for a healthy balance sheet, diversifying revenue sources and rethinking frequent fleet renewal, says Nitin Pangarkar.
SINGAPORE: For years, business has been brisk at Hjh Maimunah, a popular kampung-style restaurant located in one of the city's oldest Malay settlements, Geylang Serai. The restaurant is especially lively during Ramadan - with a record 2 million people visiting the annual Hari Raya Bazaar in the ...
The longer lockdowns worldwide persist, the greater the likelihood of large-scale unemployment, collapsing demand, and recession, say observers.
Increased media use in the time of COVID-19 might expose individuals to misinformation as well as information that might increase their anxiety, says Edson C Tandoc Jr.
DBS Bank announced on Friday its third round of liquidity relief measures for individuals and small and medium-sized enterprises (SMEs). This follows the recently unveiled financial relief package outlined by the Monetary Authority of Singapore (MAS) and other industry bodies earlier in the week.
