Markets

WeWork will invest US$100 million in its Indian business as the office-sharing startup looks to work its way through the ongoing coronavirus crisis, which has hit its business and kept people indoors for months.

The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded British broadcaster in the wake of government scepticism of the current model.

SINGAPORE: Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday (Jun 5), prompting speculation among some analysts about a potential deal between the Singapore rigbuilder and its parent company. "Given the concurrent nature of the trading halts, we believe ...

BEIJING/HONG KONG: Online tutoring start-up Zuoyebang is in talks to raise US$600-800 million in a new funding round as the coronavirus pandemic encourages investor interest in education technology, two sources with direct knowledge of the deal told Reuters. The five-year-old Chinese company is ...

KUALA LUMPUR: Malaysia said on Friday it had a pipeline of investment projects worth about US$13 billion and that many local and foreign electrical and electronics (E&E) firms were looking to relocate their businesses to the country to diversify production. Its five-decade-old E&E industry ...

At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville.

SINGAPORE: Singapore may take years to recover from the effects of the COVID-19 pandemic, and must work to prevent a “COVID generation” of workers and students in Singapore, said Deputy Prime Minister Heng Swee Keat on Friday (Jun 5) as he wrapped up the debate on the Fortitude Budget....

SINGAPORE: Private car owners will be able to take their vehicles for inspection from Monday (Jun 8) as economic activities resume in phases, the Land Transport Authority (LTA) said in a news release on Friday. From Monday, LTA authorised inspection centres will resume vehicle inspection services ...

German car maker Volkswagen AG said on Friday that it had added two members to the executive committee of its supervisory board.

British Airways parent company IAG said it is considering launching a legal challenge against the UK government's 14-day quarantine rule for incoming travellers.