U.S. lawmakers and policymakers should be wary of China's moves to target vulnerable U.S. assets and expand its market share in the wake of the global economic crisis triggered by the novel coronavirus, according to a study prepared for a U.S. trade group and released on Tuesday.
VIRGINIA: Hotel chain Hilton Worldwide Holdings Inc said on Tuesday (Jun 16) it would cut about 22 per cent of its corporate workforce, or 2,100 jobs, in response to the coronavirus outbreak that has ravaged the global travel industry. The company is also extending previously announced furloughs ...
The Trump administration is preparing an up to US$1 trillion infrastructure package focused on transportation projects as part of its push to spur the world's largest economy back to life, a source familiar with the situation said on Tuesday.
Volkswagen will pay a 48per cent premium to buy out the minority shareholders of premium division Audi , Audi said on Tuesday.
U.S. bank profits fell by 69.6per cent to US$18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to new data from a banking regulator.
Signify, the world's largest lighting manufacturer, said on Tuesday researchers at Boston University had confirmed an ultraviolet light made by the company works to degrade most coronavirus in a laboratory setting in a matter of seconds.
Samsung Electronics should get tax and other incentives from Uttar Pradesh as the South Korean company looks to invest some 53.67 billion rupees (US$705.75 million) in a smartphone display manufacturing plant in the state, India's lead investment promotion body said in a letter.
Business conditions in the New York region began to show signs of improvement in June, and companies have started bringing their staff back to work and feel slightly more optimistic about the near-term future, according to a report released Tuesday by the New York Federal Reserve.
A patchwork of national restrictions and a reluctance among travellers to cross borders mean European airlines face a bumpier return to the skies from coronavirus lockdowns than U.S. and Asian rivals.
BERLIN: Germany appealed to the public on Tuesday to download a new smartphone app to help break the chain of coronavirus infections, one of several such apps that European governments hope will revive travel and tourism safely. The Corona-Warn-App, now available for Apple and Android devices ...
