Markets

Amid the carnage of the US employment report for April was one bright spot: superstores led by Walmart Inc , the world's largest retailer, added more than 90,000 jobs.

A week packed with US economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.

JC Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the...

SINGAPORE: Foreign workers who live in dormitories and are barred from leaving the premises because of COVID-19 measures will have to be paid even if their work passes are cancelled, said the Ministry of Manpower (MOM). Currently, all foreign workers living in dormitories are not allowed to leave ...

The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.

Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a US$1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world.

JAKARTA: An Indonesian court on Friday (May 8) jailed Emirsyah Satar, a former chief executive of Garuda Indonesia, for bribery and money laundering related to procurement of planes and engines from Airbus and Rolls-Royce, his laywer said.  Satar's lawyer Luhut Pangaribuan said his client had been ...

The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7per cent in April, and even if it starts to fall in coming weeks there will be scars.

WASHINGTON: The COVID-19 lockdown wiped out 20.5 million jobs in the United States in April, destroying nearly all the positions created in the prior decade in the world's largest economy, the Labor Department reported Friday (May 8).  The unprecedented collapse drove the unemployment rate to 14.7 ...

The coronavirus pandemic had cleared smog from China's skies for months, but air pollution has returned with a vengeance as factories rush to ramp up output after going idle during the outbreak.