The U.S. Federal Reserve's response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets.
An unusual battle in Congress over President Donald Trump's demand for US$2,000 coronavirus aid checks for Americans shifts on Tuesday to the Senate, where Republicans opposed to higher spending are under pressure to approve the additional relief.
American Airlines is set to restart U.S. Boeing 737 MAX commercial flights on Tuesday, another milestone for the U.S. planemaker as it tries to move past its deepest crisis in its 104-year history.
SEOUL: South Korean workers for Kia Motors have agreed to a freeze in base salary for the first time in 11 years under a preliminary deal with the automaker following 16 rounds of negotiations, a union official said on Tuesday (Dec 29). Instead of a raise in base salary, each...
Sri Lanka welcomed its first foreign tourists in nine months on Monday (Dec 28) even as a new, deadlier strain of the coronavirus gripped the island.
SINGAPORE: A part-time driver who recently contracted COVID-19 has been temporarily suspended from the Grab platform, the ride-hailing firm said on Tuesday (Dec 29). The 48-year-old man, who is also a Singapore Airlines steward, was reported as a local community case by the Ministry of Health ...
Ryanair on Tuesday confirmed it would restrict the voting rights of British shareholders from Jan. 1 in a bid to ensure it remains majority EU-owned and retain full licensing and flight rights in the bloc.
TOKYO: Tokyo stocks jumped more than two per cent to end at a 30-year high on Tuesday (Dec 29) on hopes for economic recovery following the signing of a massive US stimulus package. The benchmark Nikkei 225 index surged 2.66 per cent, or 714.12 points, to end at 27,568.15, while...
This year was like no other for oil prices.
Cambodian premier Hun Sen announced Tuesday that the kingdom had extracted its first drop of crude oil from its waters, a long-awaited milestone for one of Southeast Asia's poorest nations.
