U.S. President-elect Joe Biden's proposal to pour US$1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage from a record-breaking pandemic recession.
A South Korean court will sentence Samsung Electronics Co Ltd heir Jay Y. Lee on a bribery charge on Monday, a ruling likely to have ramifications not just for his company but for all of South Korea's chaebol conglomerates.
President-elect Joe Biden will unveil a stimulus proposal on Thursday designed to jump-start the economy during the coronavirus pandemic and help minority communities with around US$1.9 trillion in aid.
With this MCO, Johor residents face a double whammy after coping for months with restrictions on commute to Singapore where many used to earn livelihoods, says Serina Rahman.
A proposed US$1.9 trillion coronavirus relief stimulus package from President-elect Joe Biden may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over how the United States will pay for it all.
President-elect Joe Biden will unveil a stimulus proposal on Thursday designed to jump-start the economy during the coronavirus pandemic and help minority communities with around US$1.9 trillion in aid.
Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family.
Grayscale, the world's largest digital currency manager, said on Thursday its assets under management surged more than 900per cent to US$20.2 billion at the end of last year, lifted by record inflows in the fourth quarter and the surge in the price of bitcoin.
Toyota Motor Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for US$180 million, sources briefed on the matter said.
General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover up improper business gains totaling more than US$1 billion, according to a lawsuit filed on Thursday.
