Markets

British low cost airline easyJet , whose aircraft are all grounded due to the coronavirus pandemic, said steps it had taken to shore up its finances meant it would be able to survive a lengthy fleet grounding.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC),, the world's largest contract chipmaker, posted a 90.6per cent rise in first-quarter net profit on Thursday on strong demand for faster chips.

WASHINGTON: After losing his job last month, Nashawn Cooper waited more than four weeks as the bills piled up and his bank account dwindled to four dollars before the US state of Georgia approved his claim for unemployment benefits. "I didn't know what I was going to do," Cooper,...

Man GLG, the discretionary investment arm of asset manager Man Group , has hired Andrew Swan from rival BlackRock to lead its Asia ex-Japan equities business, it said on Thursday.

Millions more Americans likely sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak.

Alphabet Inc's Google will slow hiring for the rest of the year, Chief Executive Officer Sundar Pichai told the company's staff in a memo on Wednesday.

Smartphone software makers Alphabet's Google and Apple will have to convince the public that any contact tracing technology to track who has been exposed to the new coronavirus will not lead to a violation of their privacy, Senator Richard Blumenthal said on Wednesday.

SINGAPORE: The “very high” commission fees charged by food delivery platforms are eating into the already-thin profits of food and beverage (F&B) businesses, said an industry group as it called for these fees to be cut during the COVID-19 pandemic and in the longer run. The Restaurant Association ......

United Airlines Holdings Inc told employees on Wednesday that it has cut its flight schedule by 90per cent in May and possibly June, and to prepare for a smaller airline and workforce starting as early as Oct. 1.

Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.