Markets

Amazon.com Inc said on Monday it would hire 100,000 warehouse and delivery workers in the United States to tackle a surge in online orders, as consumers shop heavily fearing the spread of the coronavirus outbreak.

REUTERS: Uber Technologies Inc's food delivery business, Uber Eats, said on Monday (Mar 16) it would waive off delivery fee for independent restaurants across the United States and Canada. Uber Eats is the latest aggregator to suspend commission from restaurants hit by the coronavirus outbreak ...

PARIS: Airbus has drawn up contingency plans to slow or stop production if France is placed under a drastic lockdown due to coronavirus, two people familiar with the matter said. The plans, which range from a progressive slowdown to a full shutdown in production, anticipate a ripple effect from...

WASHINGTON: Federal Reserve Chair Jerome Powell's message in announcing a barrage of monetary policy and liquidity actions was clear: The US central bank will use all the tools at its disposal to keep credit flowing through the US and global financial system. The Fed slashed interest rates to near ...

Boeing Co is in talks with senior administration officials and congressional leaders about short-term assistance for itself and the entire aviation sector, a person familiar with matter told Reuters.

NEW YORK: Stock markets and oil prices went into freefall on Monday (Mar 16) as interest rate cuts and fresh stimulus measures by central banks failed to dampen fears amid the global coronavirus pandemic. The US Federal Reserve on Sunday slashed borrowing costs to zero - its second emergency cut...

The global aviation industry is facing its biggest crisis in at least several decades. In Singapore, the crisis, exacerbated by the lack of a domestic market, could result in an up to 50 per cent drop in passenger traffic, says Brendan Sobie

REUTERS: Chesapeake Energy Corp , the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people familiar with the matter said on Monday. The Oklahoma City-based company, which was co ...

HSBC Singapore wants to make green finance easier and less costly for small and medium enterprises (SMEs) with a new green loan that will accept applications based on Singapore industry certifications.

Britain has asked manufacturers including Ford , Honda and Rolls Royce to help make health equipment including ventilators to cope with the coronavirus outbreak and will look at using hotels as hospitals.