Warren Buffett's Berkshire Hathaway Inc posted a higher operating profit on Saturday, but the coronavirus pandemic pummeled its common stock investments and led to a record net loss.
French bank Societe Generale expects to have to provision 3.5 billion euros to 5 billion euros (US$3.84 bln-5.49 bln) this year because of losses due to the coronavirus crisis, its chief executive said in an interview on Saturday.
SINGAPORE: Home-based food and beverage businesses will be allowed to resume operations from May 12, as part of the Government's efforts to gradually ease "circuit breaker" measures. These businesses will, however, have to abide by safe management measures such as ensuring contactless delivery and ...
India has mandated that all public and private sector employees use a government-backed Bluetooth tracing app and maintain social distancing in offices as New Delhi begins easing some of its lockdown measures in lower-risk areas.
Tesla Inc told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San Francisco vehicle-assembly plant, according to an internal email.
Comcast Corp owned NBCUniversal is evaluating a significant reduction of staff across its portfolio of media and entertainment properties as part of a cost-cutting effort, the Wall Street Journal reported on Friday, citing people familiar with the matter.
In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it.
The fashion industry has been making far too much for far too long. The COVID-19 pandemic is changing that, says the Financial Times' Lauren Indvik.
We may see an L-shaped greater depression later in this decade even if there is lacklustre economic recovery this year, says economist Nouriel Roubini.
With COVID-19, our eating habits have changed – where we used to converge for meals, we now order in. This new world betrays a generational divide, says Crispina Robert.
