Asian stocks were set to hold tight ranges on Friday after a mixed Wall Street session and as investors awaited key U.S. jobs data while sustained hopes about a global economic recovery kept pressure on the safe-haven dollar.
During the 11 weeks from Mar 18, when US lockdowns started, the wealth of America's richest people surged by over US$565 billion, while 42.6 million workers filed for unemployment, the report said.
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said.
Airlines from America to Australia are ramping up flights in June and July, boosting hopes for a pickup in tourist traffic even as bigger-spending business and global travel remains sluggish during the ongoing pandemic.
Slack Technologies Inc on Thursday posted slowing quarterly sales growth, disappointing investors who had expected a surge in demand for its workplace messaging app as companies rapidly adopt remote working tools and technology.
NEW YORK: A federal judge on Thursday (Jun 4) rejected Bernard Madoff's request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme. Circuit Judge Denny Chin, who called ...
Gap Inc on Thursday reported a 43per cent fall in first-quarter sales, as the apparel retailer was forced to close its stores due to the COVID-19 pandemic.
Uber Technologies Inc on Thursday launched a feature on its food delivery app Uber Eats that allows customers in the United States and Canada to order from restaurants owned by black people.
LONDON: Luxury car manufacturer Bentley is cutting about 1,000 jobs in the United Kingdom amid the ongoing coronavirus outbreak, the BBC reported late on Thursday (Jun 4). The cuts at the Volkswagen-owned brand are expected to be announced on Friday, according to the report. The carmaker is ...
SINGAPORE: While most people stayed at home during the “circuit breaker”, Mr Lim Han Eng was living at his factory with about 180 foreign workers. As construction work ground to a halt, the 59-year-old owner of Aik San Construction took up the role of manager at his factory-converted dormitory...
