Markets

Volkswagen on Monday named Ralf Brandstaetter as the new chief executive (CEO) of its core VW car brand, replacing Herbert Diess, who retains his title as head of Volkswagen Group, the carmaker said.

A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation, the court spokesperson said in a statement.

Israel's NSO Group showcased a new anti-drone defence on Monday, giving the public a rare look at its technology as it seeks to counter allegations that another of its products has aided privacy breaches and political surveillance.

ZURICH: Switzerland's lower house of parliament gave a preliminary green light on Monday to contact tracing app SwissCovid, which should roll out this month to help contain the coronavirus pandemic. The upper chamber of parliament already approved the app last week, meaning it is likely to pass ...

The Nasdaq composite rose to a new record high on Monday, and looks on track to confirm that it has been in a bull market for two and a half months according to many definitions, after Wall Street's nosedive on worries about coronavirus.

WASHINGTON, DC: The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said on Monday (Jun 8). The world economy is expected to contract by 5.2 per cent this year ...

The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday.

Google is adding features on its Maps service to alert users about COVID-19-related travel restrictions to help them plan their trips better, the Alphabet Inc unit said on Monday.

Dunkin', a unit of Dunkin' Brands Group Inc , said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares for higher demand, with U.S. states reopening after months-long lockdowns to contain the spread of the novel coronavirus.

U.S. consumers felt slightly more optimistic about their finances and job security in May as businesses began to reopen and rehire workers following the easing of coronavirus-related restrictions, according to a survey released on Monday by the New York Federal Reserve.