Markets

Royal Dutch Shell cut its dividend for the first time in 80 years on Wednesday after a sharp drop in profit as global oil demand collapsed due to coronavirus.

LONDON: Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they're frantically scouring the terms to see just what firms can get away with to survive the fallout. At the same time, firms starved of cash ......

Carlsberg said on Thursday sales fell 7per cent in the first quarter with a further decline expected this quarter, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown.

Nokia Oyj reported lower-than-expected revenues for the first three months of the year on Thursday, but eked out a small profit, backed by good demand for 5G telecoms equipment.

SAN FRANCISCO: Google said Thursday (Apr 30) its task force devoted to fighting "bad" ads hawking bogus COVID-19 cures, illegitimate unemployment benefits and overpriced medical supplies had blocked tens of millions of messages. Google has blocked and removed coronavirus-related marketing pitches ...

Millions more Americans likely filed claims for unemployment benefits last week, but the tide appears to be slowing, offering cautious hope of a peak in job losses from business closures and disruptions because of the novel coronavirus.

Life is never easy for China's nearly 300 million migrant workers, but with the coronavirus zapping jobs at a historic clip, unemployed factory labourer Wei Guikun is at his wits' end.

The invisible killer is testing global capitalism as never before.

LONDON: Internet and media companies should do more to tackle the spread of misinformation in Britain, independent fact-checking charity Full Fact said in a report on Thursday highlighting falsehoods that have spread during the coronavirus outbreak this year. The novel coronavirus has opened up a ...

BEIJING: Chinese factory activity grew at a slower pace in April as demand remained sluggish while the world grapples with the COVID-19 pandemic, according to official data released Thursday (Apr 30).  China is ramping up economic production as daily life returns to normal but with much of the ...