Tetsuya Kan, head of a major regional bank in Osaka, said it will take two more years for the western Japan prefecture to recover from the damage caused by COVID-19, which has crushed the city's once thriving tourism and retail sectors.
TOKYO: Retail sales in Japan tumbled at a double-digit pace for the second straight month in May as the coronavirus pandemic and lockdown measures delivered a heavy blow to consumer confidence and economic recovery prospects. The sustained downturn in demand raises risks that the world's third ...
Asian share markets got off to a shaky start on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar.
Japan's SoftBank Group Corp said on Monday it will repurchase up to 200 billion yen (US$1.9 billion) of its domestic unsecured corporate bonds from June 30 to July 17, part of its plan to pay down debt.
Organizers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate speech.
As the world’s largest economy and dominant global player, the US can drive – or undermine – global policy coordination, says Mohamed A El-Erian.
MEXICO CITY: Mexico's Interjet airline will begin restarting national and international routes in July, the company said on Sunday (Jun 28), as airlines across the world pin their hopes on recovering demand as some coronavirus pandemic restrictions on travel ease. The budget airline also said in a ...
NEW YORK: Chesapeake Energy Corp filed for Chapter 11 on Sunday (Jun 28), becoming the largest US oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The Oklahoma City-based shale pioneer, co...
FRANKFURT: Workers at six Amazon sites in Germany will go on strike on Monday in protest over safety after some staff at logistics centres tested positive for coronavirus, labour union Verdi said. Verdi said on Sunday (Jun 28) that the strike would last at least 48 hours, under the...
Organizers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate speech.
