AS investors took advantage of the market correction in March this year to increase their stock holdings, mainboard-listed fintech firm iFast Corporation benefited from the increased market activity. For the three months ended March 31, 2020, iFast generated record revenue and profits.
LONDON: European leaders are backing an initiative from Brussels to raise 7.5 billion euros (US$8.3 billion) to find a vaccine to curb the global coronavirus pandemic. The president of the European Commission, Ursula von der Leyen, outlined the fund-raising plan for the scientific fight-back ...
DUESSELDORF: Germany's Thyssenkrupp expects the coronavirus crisis to cause a new financial squeeze, scuppering hopes that selling its elevator business would deliver a swift cash respite for the embattled firm, its management board told staff in a letter. The elevator division was sold in ...
TEL AVIV: Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for US$1 billion, financial news website Calcalist reported on Sunday (May 3). Moovit has raised US$133 million from investors including Intel, BMW iVentures and Sequoia Capital. Officials ...
BERLIN: Europe's biggest airline group Lufthansa said on Sunday (May 3) it was close to a deal with the German government on state aid to ease the impact of the coronavirus crisis. The group, which says it is bleeding cash, had appeared to be stalled in its bid for up...
Lufthansa is hopeful that its bailout talks with the German government can be concluded soon, the airline's board told staff in a letter seen by Reuters, adding that it is also considering alternatives such as creditor protection.
Germany's Thyssenkrupp expects the coronavirus crisis to cause a new financial squeeze, scuppering hopes that selling its elevator business would deliver a swift cash respite for the embattled firm, its management board told staff in a letter.
Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for US$1 billion, financial news website Calcalist reported on Sunday.
COVID-19 is changing the way we spend money, if we even spend much of it at all, says the Financial Times' Pilita Clark.
SINGAPORE: Customer-facing staff will get priority testing for COVID-19 as some sectors prepare to resume with more stringent measures, Trade and Industry Minister Chan Chun Sing said on Sunday (May 3). The biopharma, petrochemical and manufacturing sectors will open up first as they keep ...
