A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered department store chain out of business and jeopardized tens of thousands of jobs.
NEW DELHI: Amazon.com Inc's Prime Video said on Tuesday it had acquired the rights for broadcasting New Zealand Cricket matches in India, marking the streaming service's first foray into live sports in its fastest growing market. As part of the multi-year deal between Amazon and the New Zealand ......
SINGAPORE: Southeast Asia's Internet economy will hit US$105 billion this year, as the coronavirus crisis prompted stuck-at-home consumers to go online to shop, get food delivered at home and for entertainment purposes, an industry report said on Tuesday (Nov 10). The report, which covers ...
MANILA: The Philippine economy shrank by more than expected on an annual basis in the third quarter due to the COVID-19 pandemic, official data showed on Tuesday (Nov 10), but the fallout eased after the government gradually lifted coronavirus restrictions. The Philippines imposed one of the ...
Walt Disney Co said on Monday it was furloughing additional workers from its Disneyland theme park in Southern California, because it still does not know when the state will allow it to reopen because of the coronavirus pandemic.
Asian share markets mostly shot higher on Tuesday driven by regional airline, tourism and travel stocks as global investors applauded progress in the development of a coronavirus vaccine which lifted confidence in a world economic recovery.
SINGAPORE: 99 Group, which operates several Southeast Asian property platform brands including 99.co, has acquired property portal Singapore Real Estate Exchange (SRX). Under a sale and purchase agreement finalised on Saturday, 99 Group will acquire all of the shares in StreetSine Singapore, which ...
Global stocks and oil jumped and Treasuries sold off on Monday as progress in the development of a coronavirus vaccine lifted investor confidence in a world economic recovery.
The United States may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday (Nov 9), in a stark reminder the economy is far from out of the woods.
A US judge said on Monday he will consider arguments in a disputed order related to the protection of confidential information in the Justice Department's antitrust lawsuit filed against Alphabet Inc's Google LLC unit.
