LONDON: The COVID-19 smartphone app being developed by Britain will be able to give serious insights into the virus by virtue of using centralised matching, despite its offering less privacy than rival apps, the head of the programme said. Countries are rushing to develop apps which, along with a...
Luxury sports car maker Ferrari still expects to make more than US$1 billion in core profit this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis.
SINGAPORE: About six years ago, Ramalingam Kulanthivel turned to driving a taxi after he was laid off from his job in the manufacturing line. Being a cabby suits him, he said, as he appreciates the freedom that came with being able to drive when he wanted. “You’re like your own boss,” the...
SINGAPORE: Singapore’s factory activity shrank for the third consecutive month in April amid a “circuit breaker” period to curb the spread of COVID-19, making it the lowest reading since November 2008. The Purchasing Managers’ Index (PMI) for April came in at 44.7, down 0.7 point from the previous ......
Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors.
Chinese smartphone maker Xiaomi Corp said on Monday it will launch an e-commerce service in India this week to enable customers stuck at home during a nationwide lockdown to buy its products from their local retailer.
General Electric Co said on Monday it was planning to cut its global workforce in the aviation unit by as much as 25per cent this year, including both voluntary and involuntary layoffs, due to business disruptions caused by the COVID-19 pandemic.
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett's Berkshire Hathaway said it offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
Uber Technologies subsidiary Careem on Monday said it would lay off 536 employees this week, representing 31per cent of its workforce.
Operating profit at Czech carmaker Skoda Auto, part of the Volkswagen Group , fell 25per cent in the first quarter to 307 million euros as the new coronavirus outbreak started to bite, the company said on Monday.
