GENEVA: The Red Cross said Thursday (May 28) it was seeking US$3.2 billion for its COVID-19 crisis response - a huge increase on the US$825 million figure it sought when it launched its COVID-19 appeal in March. The global humanitarian network said it needed to scale up its response urgently to ......
KUWAIT CITY: State-owned Kuwait Airways said Thursday (May 28) it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic. The loss-making national carrier, which has a total of some 6,925 employees, has struggled amid the regional and worldwide ...
Southwest Airlines Co said on Thursday it was adding new routes with more frequencies and nonstop flights from Phoenix, Denver, Las Vegas and Nashville.
Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over US$10 billion, two sources told Reuters.
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
WASHINGTON: Another 2.12 million people filed for unemployment in the United States last week, pushing total layoffs since the start of the COVID-19 crisis to more than 40 million, a level not seen since the Great Depression, the Labor Department said. The new filings, however, showed that the ...
Citigroup Inc looks to reopen its New York headquarters to a small number of employees as soon as July, with workers returning to London offices even earlier, Chief Executive Officer Michael Corbat told Bloomberg News in an interview.
SINGAPORE: The proposal by United Arab Emirates utility firm Utico to replace all cash payments for Hyflux creditors with stocks of both companies is “considerably less favourable” and a “bombshell” for already-aggrieved retail investors, said the Securities Investors Association of Singapore ...
U.S. President Donald Trump marked the coronavirus pandemic milestone of 100,000 U.S. deaths in a Twitter post on Thursday, a day after the threshold was reached and his silence noted.
This year will be the worst for many world stock markets in nearly a decade at least, although a majority of equity strategists polled by Reuters say top indexes will not revisit lows struck this March following an explosive rally since then.
