European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters.
WASHINGTON, DC: CrossFit founder Greg Glassman stepped down as chief executive on Tuesday (Jun 9), days after he apologised for his tweet on the killing of an unarmed black man as it drew criticism and led to footwear brand Reebok ending its tie up with the fitness regimen. His...
Emirates, one of the world's biggest long-haul airlines, will lay off more pilots and cabin crew on Wednesday, sources said, in what would be a second day of redundancies.
FRANKFURT AM MAIN: Cabin crews on standby with destinations revealed only hours before the flight, pilots put on simulators to keep up to date - an airline restarting after the pandemic is a far cry from the clockwork precision of the pre-coronavirus world. "Flexibility" is the top priority, said ...
The Federal Reserve completes its latest policy meeting on Wednesday with attention turning from its massive response to the coronavirus pandemic and toward its still-developing plans to strengthen and lengthen a nascent economic recovery.
SHANGHAI: SoftBank Group Corp-owned chip technology firm Arm Ltd said on Wednesday the chief executive officer of its China joint venture, Allen Wu, has stepped down and been replaced. Arm Ltd said Arm China's board of directors has appointed Ken Phua and Phil Tang as Arm China's interim co-CEOs...
BANK of Singapore, the private banking arm of OCBC, on Wednesday said it has appointed Mansoor Mohi-uddin as its chief economist, pending regulatory approval.
Japanese gaming giant Nintendo has admitted that hackers have breached 300,000 accounts since early April, gaining access to personal information such as birthdays and email addresses but not credit-card details.
Chinese video app TikTok's new Chief Executive Kevin Mayer has told EU digital chief Thierry Breton he intends to play an active role fighting disinformation, an EU official said on Tuesday, as Breton pushes tech giants to step up their efforts against fake news.
Vodafone Group Plc , the world's second-biggest mobile operator, has warned that Britain's desire to lead the world in 5G technology will face a big blow if it decides to remove China's Huawei Technologies Co Ltd from the country's telecoms infrastructure.
