Markets

DUBAI: Etihad Airways is asking cabin crew to take up to six months unpaid leave from September as it tries to manage the impact of the COVID-19 pandemic, according to an internal memo and two sources familiar with the matter. The Abu Dhabi state carrier, which lost US$758 million in...

Thailand’s bankruptcy court will hand down its decision regarding Thai Airways International Pcl’s request for restructuring on Sept. 14, the airline said on Tuesday.

Australia said Tuesday it "would be contrary to national interests" to allow a Chinese firm to buy a major dairy producer, the latest sign of souring relations between the two countries.

SINGAPORE: The world is likely to see a hybrid work model post-COVID-19, Zoom Video Communications' chief executive Eric Yuan said on Tuesday (Aug 25). The founder of the video conferencing platform, which has become a household name since the start of the pandemic as workers telecommute and ...

Tesla Inc's chief executive Elon Musk has suggested the U.S. electric carmaker may be able to mass produce longer-life batteries with 50per cent more energy density in three to four years.

REUTERS: Technology company Aveva Group said on Tuesday that it reached a deal to buy OSIsoft, a privately held maker of industrial software used to manage plants and factories, for an enterprise value of US$5 billion. The British company said it would fund the deal using a combination of...

The coronavirus shock is boosting the amount of money flowing into Japan's economy and may fire up inflation, achieving what years of ultra-loose monetary policy failed to do, the central bank's former top economist, Hideo Hayakawa, said on Tuesday.

JAKARTA: Indonesia's economic recovery was "very fragile" and could reverse as shown by tax revenue data in July, the country's finance minister said on Tuesday (Aug 25), warning that the economy faced a struggle to avoid a recession. Revenues had improved temporarily in June after coronavirus ...

An Australian court overseeing a criminal cartel case against Citigroup Inc and Deutsche Bank AG on Tuesday declined a prosecution request to delay proceedings, raising the chances the long-running matter will proceed to trial this year.

Chinese President Xi Jinping warned that the world's second-biggest economy is facing a period of 'turbulent change' and that rising external markets risk required policymakers to increasingly rely on domestic demand to spur growth.