Markets

SINGAPORE: When her husband contracted COVID-19 and her family was quarantined, Ms May Lim’s world was turned upside down – they lost their only source of income and her husband’s condition soon took a turn for the worse. But two months on, she is hoping her new online business...

Uber Technologies Inc said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it posted a 14per cent rise in revenue growth, supported by its Uber Eats food-delivery business.

The coronavirus-fuelled leap to remote working will overturn the cult of presenteeism, say Carys Chan and Shea Fan.

U.S. automaker Ford Motor Co said on Thursday it is planning to restart production and operations in North America in a phased manner, starting May 18.

Department store chain Macy's Inc on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the COVID-19 pandemic, which has also led to delay in financial statement preparation.

Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company's planned Roadster sports car would take a backseat to the development of other vehicle models.

U.S. stocks jumped on Thursday as investors were encouraged by PayPal's outlook and an unexpected rise in Chinese exports, which raised hopes of an economic recovery.

The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pandemic.

WASHINGTON: Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen. The deepening economic crisis triggered by ...

NEW YORK/BOSTON: When American companies recently applied for U.S. government loans meant to help small businesses survive the coronavirus crisis, they had to certify they needed the cash to cover basic needs like salaries and rent. The money, up to US$10 million, was meant to tide them over for...