Deutsche Bank said on Friday that the impact of the coronavirus outbreak may affect the lender's ability to meet its financial targets as the fragile bank undergoes a major revamp after years of losses.
The Monetary Authority of Singapore (MAS) announced on Thursday (Mar 19) the establishment of a US$60 billion swap facility with the US Federal Reserve, as the global economy comes under strain from the coronavirus outbreak.
BRUSSELS: Alphabet Inc's YouTube said on Friday (Mar 20) it will reduce its streaming quality in the European Union to avoid straining the internet as thousands of Europeans, constrained by the coronavirus outbreak, switch to teleworking and watch videos at home. YouTube is the second company ...
Swedish carmaker Volvo is suspending production at its factories in Sweden, the United States and Belgium, to curb the spread of the coronavirus, it said on Friday, even as it resumes manufacturing in China where the infection rate has slowed.
British retailer Marks & Spencer said on Friday trading over the next 9-12 months in its clothing and homewares and international businesses was likely to be "severely impacted" by the coronavirus.
Orange's networks should be able to withstand a surge in usage as people work from home during a lockdown in France to contain the coronavirus outbreak, CEO Stephane Richard said on Friday.
BRUSSELS: Alphabet Inc's YouTube said on Friday it will reduce its streaming quality in the European Union to avoid straining the internet as thousands of Europeans, constrained by the coronavirus outbreak, switch to teleworking and watch videos at home. YouTube is the second company after Netflix ...
India wants to set up an e-commerce regulator and force companies such as Amazon to swiftly turn over information sought by authorities as part of a new policy being drafted, two sources familiar with the plan told Reuters.
Malaysia's AirAsia Group Bhd said on Friday that the internal inquiry into corruption allegations by Britain's Serious Fraud Office (SFO) has found that its procurement process with Airbus was robust and justifiable.
Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to US$30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs said in a research note.
