Markets

United Airlines has told its pilots it may need to furlough more than originally planned this year and next due to the impact of a recent increase in COVID-19 cases on its business, a memo reviewed by Reuters showed.

Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8per cent shareholder dividend with a multi-billion-dollar quarterly loss looming.

Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8per cent shareholder dividend with a multi-billion-dollar quarterly loss looming.

Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand.

NOS, Altice and Vodafone, which dominate Portugal's market, said they will not use Huawei's technology in their 5G core networks despite the government not banning the Chinese giant from the critical infrastructure.

Wall Street's main indexes were set to open lower on Thursday after data confirmed the economy suffered its steepest contraction since the Great Depression in the second quarter, adding to gloom from job losses and a resurgence in coronavirus cases.

Carmakers that once competed mainly over the power of their engines are now vying over a much less tangible sort of power as they race to develop automated vehicles - computing.

SINGAPORE: Singapore Airlines (SIA) is taking more steps to manage costs, announcing further pay cuts for management staff and a salary reduction of 10 per cent for other employees. The airline will cut of the full quantum of the monthly variable component of salaries from Aug 1.  "This amounts ...

Cereal maker Kellogg Co raised its full year sales and profit forecast on Thursday, buoyed by rising demand for its Corn Flakes, Fruit Loops and waffle mixes among consumers stuck at home due to the COVID-19 pandemic.

U.S. economic growth slowed a bit more than previously estimated in 2019 as the sugar high from the Trump administration's US$1.5 trillion in tax cuts faded over the final year of a record-long expansion that came to an abrupt end in February in the face of the global coronavirus...