Markets

The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc (US$1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday.

U.S. Senate Majority Leader Mitch McConnell on Wednesday doubled down on his demand that Congress protect businesses from coronavirus-related liabilities in its next legislative package for combating the pandemic.

SINGAPORE: Amid the grim economic forecast, Singapore's first quarter employment figures were better than expected, said analysts, although they cautioned that the labour market will continue to weaken due to the COVID-19 pandemic. In its latest labour market report released on Wednesday (Apr 29) ...

Sharing a pilates mat, brother and sister Mykhailo and Maria Bondarenko practise basic yoga moves at home, following the instructions of a trainer via laptop. 

Renault is considering cutting the number of sub-contractors it uses to develop car models in its engineering division potentially saving the carmaker between 100 million to 200 million euros, two sources close to the company said.

When the coronavirus outbreak in China disrupted global smartphone production in February, Samsung looked set to weather the crisis better than most thanks to its limited exposure there and launches of pricey 5G phones. Its fortunes are reversing.

Boeing Co CEO Dave Calhoun told employees on Wednesday that the largest U.S. planemaker is reducing the size of its workforce by about 10per cent amid a steep fall in travel demand due to the coronavirus pandemic.

Austria will not help Lufthansa and its Austrian Airlines operation without receiving something in exchange and is looking to secure jobs within its borders, Chancellor Sebastian Kurz said shortly before a meeting with the German group's chief executive.

PARIS: France said Wednesday (Apr 29) it will tighten its review of foreign investments in order to protect domestic firms which have been weakened by the coronavirus pandemic. Finance Minister Bruno Le Maire said in a television interview that the taking of a stake of 10 percent in large...

REUTERS: As the government issues a second round of aid for small business owners, some U.S. senators, community banking groups and minority-owned banks said they are worried businesses owned by people of color may miss out on receiving much-needed loans. The Small Business Administration (SBA) ...