WASHINGTON: Federal Reserve Chairman Jerome Powell said a US economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine. "This economy will recover. It may take a while ... It could stretch through the end of next year. We really don't know,"...
Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine.
Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34per cent of its digital unit for 65.98 billion rupees (US$870.25 million).
Emirates Group plans to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, reducing employees by about 30per cent from more than 105,000 at the end of March, Bloomberg News reported, citing people familiar with the matter.
SINGAPORE: More than 140,000 employers will receive S$4 billion in the next Jobs Support Scheme (JSS) payout, Deputy Prime Minister Heng Swee Keat said on Sunday (May 17). “Our wage support for companies in Singapore is very significant - in total, we have committed more than S$20 billion under...
Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34per cent of its digital unit for 65.98 billion rupees (US$870.25 million).
Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34per cent of its digital unit for 65.98 billion rupees (US$870.25 million).
The United States is expected to revise its aid program for small businesses to cope with the economic fallout of the coronavirus outbreak, the Wall Street Journal reported on Sunday.
Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the COVID-19 pandemic, even if they help industries that rebound quickly.
LONDON: British Cabinet Office minister Michael Gove said on Sunday (May 17) that there was a post-Brexit trade deal to be done with the European Union providing the bloc compromised its stance, days after both sides said talks were making little progress. The United Kingdom left the EU on...
