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.
Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a US$1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world.
JAKARTA: An Indonesian court on Friday (May 8) jailed Emirsyah Satar, a former chief executive of Garuda Indonesia, for bribery and money laundering related to procurement of planes and engines from Airbus and Rolls-Royce, his laywer said. Satar's lawyer Luhut Pangaribuan said his client had been ...
The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7per cent in April, and even if it starts to fall in coming weeks there will be scars.
WASHINGTON: The COVID-19 lockdown wiped out 20.5 million jobs in the United States in April, destroying nearly all the positions created in the prior decade in the world's largest economy, the Labor Department reported Friday (May 8). The unprecedented collapse drove the unemployment rate to 14.7 ...
The coronavirus pandemic had cleared smog from China's skies for months, but air pollution has returned with a vengeance as factories rush to ramp up output after going idle during the outbreak.
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
The Dutch privacy watchdog said on Friday it would investigate how Chinese-owned social media app TikTok, which has become hugely popular during the COVID-19 pandemic, handles the data of millions of young users.
