REUTERS: Shares of China's Kingsoft Cloud Holdings Ltd jumped over 25per cent on its U.S. market debut, indicating strong investor interest at a time when capital markets globally have been roiled by an economic crisis from the COVID-19 pandemic. Beijing-based Kingsoft opened at US$20.37 per share ...
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare both the economic and human tragedy wrought by the novel coronavirus pandemic.
Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc in recent weeks, according to publicly-available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for the COVID-19 virus.
U.S. tech giants such as Facebook and Amazon could face tougher rules as European Union regulators seek evidence to curb their role as gatekeepers to the internet and access to people, information and services, according to an EU tender seen by Reuters.
Saudi Arabia's sovereign wealth fund is considering to buy a minority stake in Reliance Industries' digital unit Jio Platforms, Bloomberg News reported https://bloom.bg/35Hds3i on Friday.
Amid the carnage of the US employment report for April was one bright spot: superstores led by Walmart Inc , the world's largest retailer, added more than 90,000 jobs.
A week packed with US economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.
JC Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the...
SINGAPORE: Foreign workers who live in dormitories and are barred from leaving the premises because of COVID-19 measures will have to be paid even if their work passes are cancelled, said the Ministry of Manpower (MOM). Currently, all foreign workers living in dormitories are not allowed to leave ...
The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.
