Emirates, one of the world's biggest long-haul airlines, said on Sunday it would stop nearly all passenger flights this week and cut staff wages by as much as half because of the coronavirus impact on travel demand.
U.S. President Donald Trump said on Sunday that U.S. automakers Ford Motor Co, General Motors Co and Tesla Inc had been given the green light to produce ventilators and other items needed during the coronavirus outbreak.
DUBAI: Emirates announced on Sunday (Mar 22) that it will “temporarily suspend" all its passenger operations from Wednesday in light of the COVID-19 outbreak that has forced countries to close their borders. The deadly coronavirus has caused the world to go "into quarantine", affecting business ...
SINGAPORE: Stricter safe distancing rules, which require retailers and food and beverage (F&B) operators to ensure sufficient space between their customers, seem to remain a work in progress for some businesses here. The measures, announced on Friday (Mar 20), are part of the country’s step-up in ...
The coronavirus economic relief bill being finalized in Congress will include a one-time US$3,000 payment for families and allow the Federal Reserve to leverage up to US$4 trillion of liquidity to support the nation's economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
NEW DELHI: India's cabinet has approved a 480 billion rupees (US$6.37 billion) plan to boost electronics manufacturing and woo large investment to a country which, following Prime Minister Narendra Modi's Make-in-India drive, has become the world's second-biggest mobile phone manufacturer. New ...
In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer workers, a smaller budget, and the same 1960s-era computer systems it had the last time it was asked to do so.
In normal times massive unemployment and a collapse in economic output would be tragic.
In the face of a frightening coronavirus pandemic, my partner and I are responding quite differently, says the Financial Times' Pilita Clark.
Netflix Inc said it will cut traffic by 25per cent on networks across Europe in a relief measure for internet service providers (ISPs) experiencing a surge in usage due to government "shelter in place" orders aimed at slowing the coronavirus outbreak.
