Markets

SINGAPORE: The Singapore economy contracted further during the April to June period and has slipped into a technical recession, advance estimates showed on Tuesday (Jul 14), on the back of weak external demand and a COVID-19 “circuit breaker” shuttering non-essential businesses for most of the ...

Delta Air Lines may be able to avoid involuntary furloughs in the fall after receiving interest from more than 15,000 employees for early exit deals, one person with knowledge of the matter said.

The U.S. Senate will begin debate next week on a fifth coronavirus-response bill, Senate Majority Leader Mitch McConnell said on Monday, as he forecast tough negotiations with Democrats who are seeking broader aid than Republicans.

The Trump administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities, a senior State Department official said, a move that could foreshadow a broader crackdown on U.S.-listed Chinese firms under fire for sidestepping American disclosure rules.

American Airlines said on Monday it had reached out to U.S. Senator Ted Cruz after a photo of the Texas Republican without a mask aboard an airplane was posted on a social media site.

China’s new Hong Kong legislation shows how national security has become a part of the state’s economic arsenal, says an observer.

THE Monetary Authority of Singapore (MAS) and Temasek on Monday released a report highlighting the "commercial potential" of Project Ubin, paving the way towards live adoption of blockchain technology.

SoftBank Group Corp is exploring options including a full or partial sale or public offering of British chip designer Arm Holdings, the Wall Street Journal reported on Monday.

Luckin Coffee Inc said on Monday co-founder and chairman Charles Zhengyao Lu has stepped down and will be replaced by acting Chief Executive Officer Jinyi Guo.

Tulsa, Oklahoma, is an oil-industry town with a 75-foot (23 m) statue called "The Golden Driller."