Schlumberger, the world's largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year's historic decline in the oil industry, according to a memo to employees.
CITI Singapore will return the Jobs Support Scheme (JSS) funding - intended to provide companies with wage support to buffer against the impact of Covid-19 - to the Singapore government.
Retailer Canada Goose Holdings Inc said on Wednesday it has laid off 125 workers, about 2.5per cent of its global workforce, as part of steps to cope with the impact of COVID-19 on its business.
South Korea's Samsung Electronics Co Ltd on Thursday said it has broken ground for its sixth domestic contract chip production line, which will make logic chips as part of efforts to reduce its reliance on the volatile memory chip sector.
HC Surgical Specialists on Wednesday said that Vanda 1 Investments, managed by Temasek's Heliconia Capital Management, had requested the early redemption of a S$5 million convertible bond on "amicable grounds" and that no specific reason was provided by the investor.
MELBOURNE: Australia's conservative government on Thursday (May 21) released a fresh plan to tackle climate change, targetting the use of gas, hydrogen, batteries and carbon capture, while avoiding the contentious issue of setting a carbon price. Australia, one of the world's biggest carbon ...
BANGKOK: A mall in Thailand has swapped lift buttons for foot pedals in an effort to prevent the spread of the coronavirus as well as help restore normalcy and get shoppers spending again. Customers at Bangkok's Seacon Square were surprised and confused this week to find pedals in front...
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
Airline Lufthansa said on Thursday it is in advanced talks with the German government's economic stabilisation fund over a rescue deal worth up to 9 billion euros (US$9.9 billion), including the state taking a 20per cent stake in the company.
