Markets

The heir to the Samsung empire bowed in apology Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world's largest smartphone maker.

ROME: A sleek new bridge in Genoa built in record time is being acclaimed in Italy as a model for rebuilding the economy by investing in major infrastructure projects. Such stimulus is sorely needed as the country slides towards its worst recession since World War II because of the...

Yum China is betting that Chinese consumers will still choose to dine-in in the aftermath of the coronavirus crisis and plans to open more Pizza Hut and KFC outlets in China's smaller cities in the coming months, its chief executive said.

British lender Virgin Money swung to a first-half loss after setting aside 237 million pounds (US$294.7 million) to handle loans likely to go bad because of the coronavirus crisis.

BMW AG on Wednesday reported a 133per cent rise in first-quarter operating profit, due to the absence of a one-off provision in the year-earlier period, but said the impact of the coronavirus could erode demand and profit.

PARIS: French drugmaker Sanofi said it plans to enroll thousands of subjects globally for trials of an experimental vaccine for the coronavirus it is developing with GlaxoSmithKline, and that it has started to discuss advanced purchases with several countries. Sanofi is working on two vaccine ...

WELLINGTON: New Zealand's success in curbing the coronavirus has given it a "safe haven" advantage, allowing the country to be open for investment, Prime Minister Jacinda Ardern said on Wednesday (Jun 6). With just two new infections this week, New Zealand has held down community spread of the ......

Tyson Foods Inc will resume limited production at its largest U.S. pork plant this week, the company said late on Tuesday.

UNITED Overseas Bank (UOB) on Wednesday posted a 19 per cent fall in Q1 net profit on declining margins and a surge in impairment charges, bringing its earnings to the lowest level in just over two years.

Millions of people stuck indoors turned to video games such as Activision Blizzard Inc's "Call of Duty" to shake off lockdown boredom in the past two months, encouraging the company to raise its revenue forecast for the year.