United Airlines Holdings Inc has told employees that it expects its management and administrative ranks to be around 30per cent smaller starting in October, according to a company memo seen by Reuters.
WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating a US$3 billion tender offer to the office-sharing startup's shareholders.
But it comes as no surprise that Alibaba is betting big on the cloud to maintain competitiveness at home and make a play for overseas markets, says Mark Greeven.
Major U.S. firms and trade groups want the U.S. Trade Representative's Office to waive tariffs on a wide range of Chinese-made products as a result of the coronavirus pandemic, including drones, robots, personal computers and 3D printers.
THE big swings in global financial markets due to the virus fallout present the first big test for robo-advisers in Singapore - young digital upstarts that only penetrated the local wealth scene some five years ago.
FALLING interest rates have cascaded down to both deposit and lending products - from Singapore Savings Bonds (SSB), fixed deposits (FD) and home loans to savings deposits.
FITCH Solutions has lowered its forecast for the Singapore dollar's (SGD) 2020 average exchange rate to S$1.425 per US dollar (USD), from its previous average forecast of S$1.385, in light of the Covid-19 crisis.
PARIS: Air France-KLM's French unions on Monday (May 4) criticised calls by their Dutch counterparts for KLM to be given greater autonomy, amid signs that a multibillion-euro coronavirus bailout is increasing tensions within the airline group. "It's an illusion to think KLM would fare better ...
WASHINGTON: The US Securities and Exchange Commission (SEC) on Monday (May 4) said it would provide relief to smaller firms seeking to raise capital via online platforms to meet "urgent funding needs" due to the coronavirus-related disruption. The SEC's measure seeks to temporarily amend existing ...
NEW YORK: Wall Street stocks finished higher on Monday (May 4), shrugging off early weakness and a big drop in airline shares as Florida joined the ranks of US states reopening their economy. The Dow Jones Industrial Average ended at 23,749.76, eking out a 0.11 per cent gain after spending...
