Western powers said they were on a war footing against the coronavirus as they unleashed nearly one trillion dollars to rescue the global economy, with Italy reporting the highest single-day death toll of the pandemic.
SHANGHAI: China's foreign exchange regulator will expand a pilot scheme to enable high-tech start-ups to borrow money more easily from overseas, it said on Thursday. The scheme, launched in 2018 by the State Administration of Foreign Exchange (SAFE) in Beijing's Zhongguancun technology hub, is now ...
HONG KONG: With commercial airlines engulfed by the maelstrom of the coronavirus pandemic one sector of the industry favoured by the wealthy is thriving: private jets. Fears of massive bankruptcies and calls for emergency bailouts have swept global carriers in recent days with one top US official ...
Australia's central bank pumped liquidity into the banking system on Thursday ahead of expected further intervention later in the day, as national airline Qantas stood down two-thirds of its employees because of the coronavirus epidemic.
Japan will look into offering cash payouts to households as part of a stimulus package that could be worth more than US$276 billion to combat the widening fallout from the coronavirus outbreak, joining efforts across the world to roll out huge fiscal support to fend of recession risks.
NEW YORK: With governments clamping down on social interactions to contain the coronavirus spread, dating sites are discouraging dates and asking users to get to know each other virtually instead. "We don't know who needs to hear this, but now is NOT the time to go out with your...
Twitter on Wednesday barred users from posting misleading information about the new coronavirus, including denials of expert guidance and encouragement of fake treatments, tightening its normally lax rules around speech.
TOKYO: Stocks in Asia bounced back on Thursday (Mar 19) after the European Central Bank launched an emergency plan to buy bonds in what one analyst said could be a "game changer" for the coronavirus-wracked eurozone. Japan's Nikkei-225 led the gains, opening more than two percent higher as the...
Another day of massive swings across asset prices was marked by scant liquidity as investors dashed for cash while systematic strategies triggered automated selling amid rising volatility, market participants said.
Brazil has upheld proposals by Boeing Co to buy the jetmaking arm of Embraer , but plunging markets have raised urgent questions over the fate of the US$4.2 billion deal as aviation reels from the coronavirus crisis.
