Germany, Italy and Spain have joined a call by 12 European Union governments for the EU's executive body to suspend rules forcing crisis-hit airlines to offer full cash refunds for cancelled flights, France said in a statement on Saturday.
DUBLIN: Ireland will allow firms impacted by the coronavirus crisis to warehouse tax liabilities for 12 months, offering a "lifeline" as part of an additional package of business supports that could reach 6.5 billion euros (US$7.2 billion), the government announced on Saturday (May 2). Commercial ...
KUALA LUMPUR: Malaysia's economy in 2020 could shrink more than initially forecast due to extended curbs on movement imposed to stem an outbreak of the new coronavirus, the finance minister said on Saturday (May 2). Malaysia's central bank had forecast in April for growth in gross domestic product ......
SINGAPORE: After two weeks of tighter COVID-19 "circuit breaker" measures, Singapore will progressively ease some restrictions from May 5. More shops and services will be allowed to resume operations - with safe distancing measures in place - after a drop in the number of coronavirus cases in the ...
Warren Buffett's Berkshire Hathaway Inc posted a higher operating profit on Saturday, but the coronavirus pandemic pummeled its common stock investments and led to a record net loss.
French bank Societe Generale expects to have to provision 3.5 billion euros to 5 billion euros (US$3.84 bln-5.49 bln) this year because of losses due to the coronavirus crisis, its chief executive said in an interview on Saturday.
SINGAPORE: Home-based food and beverage businesses will be allowed to resume operations from May 12, as part of the Government's efforts to gradually ease "circuit breaker" measures. These businesses will, however, have to abide by safe management measures such as ensuring contactless delivery and ...
India has mandated that all public and private sector employees use a government-backed Bluetooth tracing app and maintain social distancing in offices as New Delhi begins easing some of its lockdown measures in lower-risk areas.
Tesla Inc told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San Francisco vehicle-assembly plant, according to an internal email.
Comcast Corp owned NBCUniversal is evaluating a significant reduction of staff across its portfolio of media and entertainment properties as part of a cost-cutting effort, the Wall Street Journal reported on Friday, citing people familiar with the matter.
