Markets

U.S. bank profits fell by 69.6per cent to US$18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to new data from a banking regulator.

Signify, the world's largest lighting manufacturer, said on Tuesday researchers at Boston University had confirmed an ultraviolet light made by the company works to degrade most coronavirus in a laboratory setting in a matter of seconds.

Samsung Electronics should get tax and other incentives from Uttar Pradesh as the South Korean company looks to invest some 53.67 billion rupees (US$705.75 million) in a smartphone display manufacturing plant in the state, India's lead investment promotion body said in a letter.

Business conditions in the New York region began to show signs of improvement in June, and companies have started bringing their staff back to work and feel slightly more optimistic about the near-term future, according to a report released Tuesday by the New York Federal Reserve.

A patchwork of national restrictions and a reluctance among travellers to cross borders mean European airlines face a bumpier return to the skies from coronavirus lockdowns than U.S. and Asian rivals.

BERLIN: Germany appealed to the public on Tuesday to download a new smartphone app to help break the chain of coronavirus infections, one of several such apps that European governments hope will revive travel and tourism safely. The Corona-Warn-App, now available for Apple and Android devices ...

The Philippines is getting back to business after one of the world's strictest coronavirus lockdowns spanning nearly three months, allowing restaurants to reopen this week for dine-in customers in an effort to keep people in work.

Amazon.com Inc said on Tuesday it launched a technology-aided system in some of its facilities to maintain social distancing, called 'Distance Assistant'.

Carrefour and Google said on Tuesday they were launching a voice-based grocery shopping service in France as part of the French retailer's ambition to accelerate its expansion into food e-commerce.

SINGAPORE: Retail and food and beverage (F&B) businesses are looking forward to Phase 2 of Singapore's reopening following the COVID-19 "circuit breaker", but told CNA on Tuesday (Jun 16) it will take some time for them to recover.  On Monday, the COVID-19 multi-ministry task force announced that ...