Markets

Air New Zealand Ltd said on Friday it would boost domestic capacity to 20per cent of usual levels once the country further loosens pandemic restrictions, but it cannot offer its lowest fares due to social distancing requirements.

LONDON: Major social advances have often emerged from the depths of disaster: The Black Death brought an end to serfdom, and Britain's welfare state emerged from the ruins of World War II. As the COVID-19 outbreak took hold, many governments brought in policies previously dismissed as "utopian" ...

SUVA, Fiji: South Pacific island nations have dodged the worst ravages of the COVID-19 pandemic, but now face a stark choice between a risky reopening to tourists and economic collapse. Today countries all over the world are weighing when to ease restrictions that would save jobs but risk the ......

Siemens expects "even stronger impacts" from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18per cent drop in industrial profit during its second quarter.

The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16per cent, when new government data is published Friday morning.

Alphabet's Sidewalk Labs has pulled the plug on its Toronto "smart city" project, citing "unprecedented economic uncertainty" in a setback for the city's long-planned waterfront revitalization.

WASHINGTON: The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy. A report that is closely watched...

Top U.S. and Chinese trade representatives discussed their Phase 1 trade deal on Friday with China saying they agreed to improve the atmosphere for its implementation and the United States saying both sides expected obligations to be met.

Facebook Inc and YouTube, the video service of Alphabet Inc's Google, said on Thursday that they were removing a video that made medically unsubstantiated claims relating to the novel coronavirus pandemic.

California has set rules to allow state manufacturers to begin reopening on Friday from a coronavirus lockdown, Governor Gavin Newsom said, drawing an enthusiastic "Yeah!!" on Twitter from Tesla Inc Chief Executive Elon Musk.