Markets

MADRID: Almost one-third of destinations worldwide are currently completely closed to international tourists because of the pandemic, the United Nations tourism body said on Monday (Mar 8). Governments initially started easing travel restrictions last year but reversed the trend after new virus ...

British clothing and food retailer Marks & Spencer has launched 46 websites in new markets, expanding its online reach to over 100 countries, it said on Monday.

Financial strains on Texas city-owned utilities, rural electric cooperatives and the grid operator has spurred calls for state aid and lured private equity firms into plans to fix multi-billion-dollar charges.

DBS Group’s chief executive Piyush Gupta's pay fell 24 per cent to S$9.18 million in 2020 as the Covid-19 pandemic took a bite out of bank earnings, according to the bank’s annual report on Monday.

Russia accused Facebook on Monday of violating citizens' rights by blocking some media outlets' content in the latest standoff between a government and Big Tech.

Panasonic Corp will buy U.S. software firm Blue Yonder for 700 billion yen (US$6.45 billion), the Nikkei reported on Monday, saying it was the Japanese electronics firm's biggest acquisition since 2011.

British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID-19 pandemic, although it still posted a loss for 2020.

British food delivery firm Deliveroo announced plans for its London listing on Monday, disclosing it posted an underlying loss in 2020 of 317 million pounds (US$437.94 million).

The European Central Bank meets on Thursday and one topic will dominate: what to do about rising sovereign bond yields which if left unchecked could derail efforts to get a coronavirus-hit economy back on track.

China's decision not to set an economic growth target for its new five-year plan will give policymakers more room to account for uncertainties and respond to changes, a senior state planner official said on Monday.