Markets

SINGAPORE: Most foreign workers will be able to return to work by the end of this month, said Mr Lawrence Wong, co-chair of the COVID-19 multi-ministry task force on Thursday (Aug 6). With workers who have either been cleared or recovered from COVID-19 back on the job, construction activity will...

Gold surged to a record high on Thursday as the COVID-19 pandemic clouded the economic outlook and bolstered bullion's safe-haven allure, though analysts said the rapid pace of gains could prompt some correction.

WASHINGTON: The number of Americans seeking unemployment benefits fell last week, but remained significantly high, suggesting the labour market was stalling as the country battles a resurgence in new COVID-19 cases that is threatening a budding economic recovery. Initial claims for state ...

Facebook has objected to a request from Gambia, which has accused Myanmar at the World Court of genocide against the Rohingya Muslim minority, to release posts and communications by members of Myanmar's military and police.

U.S. stock index futures were flat on Thursday as investors looked forward to the latest weekly jobless claims report to gauge the pace of a rebound in the labor market, while also anticipating a new fiscal stimulus bill.

The number of Americans seeking unemployment benefits fell last week, but remained significantly high, suggesting the labor market was stalling as the country battles a resurgence in new COVID-19 cases that is threatening a budding economic recovery.

SINGAPORE: The majority of workers laid off by Resorts World Sentosa (RWS) last month were foreigners, said the Ministry of Manpower (MOM) in a statement on Thursday (Aug 6). The retrenchment exercise led to an increase in the share of local workers in RWS from 66 per cent to...

U.S. employers announced another 262,649 job cuts in July as the COVID-19 pandemic continued to weigh on demand, the latest indication that the labour market recovery is losing steam.

ViacomCBS Inc beat analysts' estimates for quarterly revenue on Thursday as a home-bound audience boosted demand for its streaming services.

Uber driver Johan Nijman faces a difficult decision as federal unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and potentially catch COVID-19.