Markets

Hong Kong's Cathay Pacific Airways Ltd plans to cut 30per cent of its global capacity over the short-term, including 90per cent of capacity to mainland China as it grapples with a sharp fall in demand due to the coronovirus epidemic, its CEO said on Tuesday.

SINGAPORE: To have zero growth in the foreign workforce may be a theoretical possibility but in reality, it is “very hard to achieve … without serious implications and trade-off” for the economy, said Trade and Industry Minister Chan Chun Sing in Parliament on Tuesday (Feb 4). Mr Chan outlined ......

Wizz Air's largest shareholder, U.S.-based private equity firm Indigo Partners, carried out a long-time plan to cut its stake in the company as the Budapest-based low-cost airline works to comply with European Union ownership rules.

KUALA LUMPUR: Pakistan will buy more palm oil from Malaysia, Prime Minister Imran Khan said on Tuesday (Feb 4), to try and compensate after top buyer India put curbs on Malaysian imports last month amid a diplomatic row. India imposed general restrictions on refined palm oil imports, and ...

SHANGHAI: China's civil aviation authority has urged domestic carriers to continue flying international routes as they consider cuts in response to a drop in demand due to the coronavirus outbreak, state news agency Xinhua reported on Tuesday (Feb 4). Airline capacity is being axed in the world's ...

AirAsia's colourful chief executive Tony Fernandes has stepped aside from the company while authorities probe unusual payments at the Malaysian carrier, as the fallout from a $4 billion bribery fine at Airbus reverberates across the industry.

Sony Corp on Tuesday raised its annual profit outlook on the back of strong sales of image sensors for smartphones, after the company reported a smaller-than-expected decline in third-quarter profit.

Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said.

A German firm backed by bottled water giant Danone plans to launch a sparkling-water machine for the home early next year, its chief executive told Reuters, squarely taking aim at PepsiCo's SodaStream.

LONDON: Britain will ban the sale of new petrol and diesel cars from 2035, five years earlier than planned, Prime Minister Boris Johnson will say on Tuesday (Feb 4) as he announces details of a UN climate summit due to take place in Glasgow in November. Johnson will launch COP26,...