Markets

Amazon will on Thursday seek to overturn an EU order to repay about 250 million euros (US$277 million) in back taxes to Luxembourg at Europe's second-highest court, one of a series of high-profile cases marking the bloc's crackdown on unfair tax deals.

PARIS: The coronavirus outbreak will have a major impact on economic growth worldwide this year, the OECD warned Monday (Mar 2) as it lowered its global GDP forecast by half a percentage point to 2.4 per cent, the lowest rate since the 2008-09 financial crisis. That forecast assumes the virus...

Pekka Lundmark will take over as Nokia chief executive in September to lead the former handset giant in its battle for the fast-growing 5G networks business.

Middle East governments should consider providing support to airlines to help them manage the impact of the coronavirus outbreak, which has led to a raft of flight cancellations, the industry's largest global body said on Monday.

With Chinese consumers hit by quarantine and travel restrictions as well as just wary about venturing out to the shops due to the coronavirus epidemic, companies in the world's most populous nation are experimenting with new tricks to make sales.

Tens of thousands of ethnic Uighurs were moved to work in conditions suggestive of "forced labour" in factories across China supplying 83 global brands, and Australian think tank said in a report released on Sunday.

Lufthansa said on Monday that it was suspending flights to China until April 24 and to Tehran until April 30 due to the coronavirus outbreak.

BANGKOK: The number of foreign tourists in Thailand may fall by 6 million this year to 33.8 million, the lowest in four years, due to growing fears over the coronavirus outbreak, the Tourism Authority of Thailand (TAT) said on Monday (Mar 2). That was downgraded from last month's forecast for...

Macau's casino industry suffered its worst monthly downturn on record in February after city-wide closures aimed at stopping the spread of the deadly new coronavirus.

TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Monday (Mar 2) that the central bank will take necessary steps to stabilise markets jolted by the coronavirus outbreak, bolstering speculation about coordinated global policy action. Kuroda's comments, made in an emergency statement just days ...