Australian retail giant Wesfarmers Ltd said it will close or rebrand nearly two-thirds of its Target department stores and take one-off charges totalling up to AUS$650 million (US$426 million) as it reels from the coronavirus fallout.
When a man in Seoul tested positive for the new coronavirus in May, South Korean authorities were able to confirm his wide-ranging movements in and outside the city in minutes, including five bars and clubs he visited on a recent night out.
TOKYO: Japan's central bank on Friday (May 22) offered hundreds of billions of dollars in additional lending to help small firms in the world's third-largest economy struggling with the economic devastation wrought by coronavirus. The Bank of Japan expanded its loan programme by 30 trillion yen ...
SoftBank Group Corp said on Friday its planned sale of 5per cent in its domestic telco SoftBank Corp would fetch 310.2 billion yen (2.4 billion pounds), as part of a programme to raise US$41 billion through asset sales.
SEOUL: South Korean contract drugs manufacturer Samsung Biologics Co Ltd said on Friday it had signed a deal worth more than US$231 million with GlaxoSmithKline PLC (GSK) to supply biopharmaceutical products over the next eight years. The biotech arm of Samsung Group will start with manufacturing ...
Nvidia on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.
A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees' hours, saying that the moves are inconsistent with the requirements of taxpayer-funded payroll assistance.
Facebook will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley.
The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
