Wirecard said on Monday that 1.9 billion euros (US$2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments firm and tarnish the reputation of Germany's financial watchdog.
A significant proportion of UBS's staff could continue to work from home even after the coronavirus crisis has ended, the bank's Chief Operating Officer Sabine Keller-Busse said on Monday.
SINGAPORE: Singapore Airlines (SIA), SilkAir and Scoot passengers flying from selected cities in China, Japan and South Korea can now transit through Changi Airport. The approved cities are Hong Kong, Chongqing, Guangzhou and Shanghai in China, Osaka and Tokyo (Narita International Airport) in ...
The European Union could soften demands in trade talks that Britain follow its state aid rules, diplomats and officials have said, just as the bloc's own splurge to cushion the hit from the coronavirus has stretched its competition rules.
Delta Air Lines Inc said on Monday it would resume flights between Seattle and Shanghai-Pudong on June 25, the first U.S. airline to re-connect the United States and China after flights were suspended in February due to the COVID-19 pandemic.
BERLIN: Wirecard's confirmation that US$2.1 billion it had booked in its accounts likely never existed raises questions over whether the company is able to survive as a going concern or can be broken up and sold. At a stroke, the acknowledgement wiped out a decade of reported cash flows...
Small and mid-sized businesses around the world are being hit hardest by the impact of COVID-19 lockdowns and about a fifth say they risk shutting down permanently within three months, a survey by the International Trade Centre (ITC) showed on Monday.
LONDON: British industrial output recorded its biggest quarterly fall on record during the three months to June as COVID-19 heavily disrupted operations, and a further decline is likely in the months to come, a survey showed on Monday (Jun 22). The Confederation of British Industry's (CBI) ...
Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc has signed an agreement with NASA to develop a program to promote private astronaut missions to the International Space Station (ISS), the company said on Monday.
Apple Inc on Monday will hold its annual conference for software developers, rolling out new features in its operating systems for iPhones and iPads and possibly signaling a departure from Intel Corp's almost 15-year run supplying Mac computer processors.
