Markets

TOKYO: ANA Holdings plans to cut about 3,500 jobs in three years as Japan's largest airline operator braces for its biggest-ever annual loss due to a plunge in demand driven by the coronavirus pandemic, the Yomiuri daily reported. The job losses are part of ANA's broader business restructuring ......

NEW YORK: The COVID-19 pandemic has ushered in the era of video meetings. But can Zoom really replace in-person meetings that require business executives to travel? US airlines have suffered a steep decline in this lucrative category of travel. They do expect a rebound – just not right away....

Lee Kun-hee, charismatic leader of Samsung Group, South Korea’s biggest conglomerate, died on Sunday, the company said, six months after he was hospitalised for a heart attack.

Lee Kun-hee, charismatic leader of Samsung Group, South Korea’s biggest conglomerate, died on Sunday, the company said, six months after he was hospitalised for a heart attack.

In February 1993, five years after taking over from his father at South Korea's Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn't making his mark.

SEOUL: Samsung Electronics chairman Lee Kun-hee died at the age of 78 on Sunday (Oct 25), the company said. Lee, who turned the South Korean firm into a global tech giant, was left bedridden by a heart attack in 2014. "It is with great sadness that we announce the passing...

SHANGHAI: China's Ant Group could raise up to US$17.3 billion in the Shanghai leg of the likely US$35 billion dual listing, the world's largest ever, after some large investors submitted bids in the range of 68 yuan to 69 yuan per share, people with knowledge of the matter said. The...

SAN FRANCISCO: Facebook has demanded that New York University pull the plug on a research project into the platform's targeting practices for political ads, saying it is a violation of terms to collect user data. "A week ago, Facebook sent me a (cease and desist order) asking us to take...

SINGAPORE: It was a lively scene at a new eatery in a Telok Ayer Street shophouse. A man in a red polo T-shirt walked in, declaring he was a craving a sandwich. The same man told a story about getting a heart attack two years ago outside the shop,...

The entertainment label Big Hit, which represents mega boy-band group BTS, is betting on the massive support of its followers to make some serious money, says an observer.