The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave layoffs in the private sector.
Amazon.com Inc plans to offer permanent jobs to about 70per cent of the U.S. workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told Reuters on Thursday.
SINGAPORE: An unregulated trading platform believed to be registered in Belize has been blocked by Singapore authorities after the police received complaints from at least 40 people here. The online platform, Arotrade, purportedly offers trading in Contracts for Difference (CFDs) for different ...
Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug "black holes" in surveillance systems, industry officials say.
Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall.
Dollar General Corp said on Thursday it expects to exceed its annual sales and profit forecasts after the retailer saw a surge in demand from customers stocking up on groceries and household essentials amid the COVID-19 pandemic.
High borrowing costs will limit participation in a US$500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout from the coronavirus outbreak, analysts said.
U.S. President Donald Trump is once again beating predecessor Barack Obama in stock market performance following a stunning recovery on Wall Street.
BERLIN: The German economy is likely to shrink by 6.6 per cent this year as a consequence of the coronavirus pandemic before growing by 10.2 per cent in 2021, the Ifo Institute said on Thursday (May 28) in its latest update. On average, businesses expected operations to return to normal...
Shelved expansion plans for lithium projects due to collapsing demand for the material used to make electric vehicle batteries leaves the market facing a price spike after a couple of years when shortages start to emerge.
