Markets

REUTERS: U.S. fintech startup Stripe Inc said on Thursday it raised US$600 million, as companies that provide the online infrastructure for financial and payment services get a boost from the coronavirus pandemic. Fintech start-ups attracted a flood of investments last year as they pushed ...

Toyota-backed self driving company Pony.ai said on Friday it would provide an autonomous delivery service to residents of Irvine, California, as demand for online orders surges because of the coronavirus lockdown.

Hong Kong's Cathay Pacific Airways Ltd will close its three cabin crew bases in the United States, the airline said on Friday, laying off 286 staff as the coronavirus pandemic has virtually halted global travel.

The chairman of the Federal Communications Commission (FCC) circulated on Thursday a draft order asking FCC members to approve Ligado Networks' low-power nationwide 5G network despite objections from the Defense Department and major U.S. airlines.

Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver linings in a run of data that showed the world is in its worst recession in decades.

Southwest Airlines Co has approached unions representing pilots, flight attendants, mechanics and other employees to discuss potential concessions to prepare for a slow industry recovery, a company official told Reuters on Thursday.

SINGAPORE: The number of passengers passing through Singapore's Changi Airport has plummeted 70.7 per cent in the midst of the COVID-19 outbreak. A total of 1.65 million passengers passed through the airport last month, compared to 5.63 million in March 2019, according to figures released by the ...

WHILE financial institutions remain open in Singapore as one of the essential services exempted from workplace closures, the Monetary Authority of Singapore (MAS) is urging people to minimise visits to their premises during the current "circuit-breaker" period.

China's economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to stop mounting job losses.

BEIJING: China's economy shrank 6.8 per cent in January-March from a year earlier, official data showed on Friday (Apr 17), the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began. The historic slump in the world's second-largest economy comes after ...