Markets

Zoom video conferencing app does not have 300 million daily active users, the company admitted on Thursday to the Verge, saying it "unintentionally" referred to daily meeting participants as users in a blog post.

China's capital is clamping down on single-use items such as plastic cutlery and toothbrushes in the food and hotel industries from May 1, as the country forges on with plans to cut waste.

Global smartphone production is expected to slump a record 16.5per cent to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce, despite supply chains resuming after weeks of shutdown.

U.S. agribusiness giant Cargill said on Thursday it will introduce a range of plant-based food products to China following a successful trial of plant-based nuggets by Yum Holdings KFC.

SINGAPORE: Fast food chain McDonald’s Singapore has extended its closure after it was initially set to reopen on May 5, the restaurant said in a Facebook post on Thursday (Apr 30). McDonald’s did not specify when its stores would reopen, but said they would be closed for “just a little longer”...

Thai Airways International PCL aims to seek a 58.1 billion baht (US$1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing its plan.

This time it is capital markets, rather than banks, that have to reform, says the Financial Times Martin Wolf.

The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft Corp's professional networking site LinkedIn.

British American Tobacco said on Thursday it was maintaining its guidance of high single figure earnings per share growth for 2020 while expecting some impact on volume and revenue growth in the second-quarter due to the coronavirus.

UOB, Singapore Press Holdings (SPH) and Singtel are collaborating to provide close to 250 disadvantaged students in Singapore with a new laptop and online learning resources. This comes amid the shift to remote learning during the coronavirus outbreak.