SINGAPORE: For more than half a year, first-time food and beverage (F&B) entrepreneur Andrea Tan had been working hard to get her café, Lucid, ready for business. But on Feb 4, a day after concluding the café’s soft launch, a Chinese health products shop located on the adjacent street...
WASHINGTON: The CEO of Southwest Airlines, one of the largest US air companies, insisted Sunday that travelers could again fly in safety and added that air traffic, nearly paralysed by the coronavirus pandemic, was gradually reviving. Asked on CBS whether it was again safe to fly, Gary Kelly ...
DBS'S latest guidance following its Q1 results is likely to bring the local banking sector to closer certainty of credit costs hitting previous crises levels, though relief measures from the government and guidance from the Monetary Authority of Singapore (MAS) on what defines defaults does change how...
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.
