Dollar General Corp said on Thursday it expects to exceed its annual sales and profit forecasts after the retailer saw a surge in demand from customers stocking up on groceries and household essentials amid the COVID-19 pandemic.
High borrowing costs will limit participation in a US$500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout from the coronavirus outbreak, analysts said.
U.S. President Donald Trump is once again beating predecessor Barack Obama in stock market performance following a stunning recovery on Wall Street.
BERLIN: The German economy is likely to shrink by 6.6 per cent this year as a consequence of the coronavirus pandemic before growing by 10.2 per cent in 2021, the Ifo Institute said on Thursday (May 28) in its latest update. On average, businesses expected operations to return to normal...
Shelved expansion plans for lithium projects due to collapsing demand for the material used to make electric vehicle batteries leaves the market facing a price spike after a couple of years when shortages start to emerge.
Washington's declaration that Hong Kong is no longer sufficiently autonomous from China is a historic moment with potentially far-reaching consequences for the finance hub -- though much will depend on what President Donald Trump does next.
LONDON: British low cost airline easyJet said it planned to cut up to 30 per cent of its staff, or 4,500 jobs, and shrink its fleet, to fit the smaller market that will emerge from the coronavirus pandemic. EasyJet, which employs over 15,000 people in eight countries across Europe,...
The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders.
LONDON: British low cost airline easyJet said it planned to cut up to 30 per cent of its staff, or 4,500 jobs, and shrink its fleet, to fit the smaller market that will emerge from the coronavirus pandemic. EasyJet, which employs over 15,000 people in eight countries across Europe,...
Japan's Nissan Motor Co has decided to close its factory in Barcelona, resulting in the loss of about 3,000 jobs as part of a new worldwide restructuring plan, the Spanish government said on Thursday.
