German sportswear company Puma announced on Tuesday that 1,400 staff would switch to shorter work hours until April 13 as sales slump due to the coronavirus and said its three top executives would not take their pay for April.
Britain's biggest sportswear retailer JD Sports said on Tuesday it has delayed the publication of its financial results to May and has enough cash resources to ride out the coronavirus crisis.
SINGAPORE: Singapore Airlines (SIA) pilots will be required to take some days of no-pay leave a month from April as part of cost-cutting measures the national carrier is putting into place. In an internal email dated Mar 24, seen by CNA, the airline said it had signed agreements with the ......
Norwegian Air has fulfilled the first condition for taking part in a government-led rescue package for the airline industry, securing an initial cash infusion of 300 million Norwegian crowns (US$26.63 million), the budget carrier said.
The German government will return to its savings policy once the coronavirus crisis is over, Economy Minister Peter Altmaier told ZDF broadcaster on Tuesday, adding that Europe's largest economy had committed to paying debt back from 2023.
Hong Kong-listed smartphone maker Xiaomi is planning an 8 billion yuan (US$1.13 billion) panda bond issue to fund coronavirus prevention efforts, its first onshore issuance, two sources with knowledge of the matter told Reuters.
WASHINGTON: President Donald Trump said on Monday (Mar 23) he is considering how to reopen the US economy when a 15-day shutdown ends next week, even as the highly contagious coronavirus is spreading rapidly and hospitals are bracing for a wave of virus-related deaths. "America will again and soon ......
Asian stocks rallied on Tuesday as the U.S. Federal Reserve's promise of bottomless dollar funding eased painful strains in financial markets, even if it could not soften the immediate economic hit of the coronavirus.
SEOUL: South Korea on Tuesday (Mar 24) doubled a planned economic rescue package to 100 trillion won (US$80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets. The package includes 29.1 trillion won in loans to small- and medium-sized companies ......
WELLINGTON: New Zealand said on Tuesday (Mar 24) that retail banks will offer a six-month principal and interest payment holiday for mortgage holders and small business customers whose incomes have been affected by the economic disruption from COVID-19. The government and the banks will also ...
