Markets

CHICAGO: Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspeaker maker. Now Digre is grappling ...

Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting - one that sees business activity stop and start for months to come, until an effective treatment or vaccine for the novel coronavirus can be found.

The head of British pharmaceutical company AstraZeneca said now was the time to take risks by betting on a COVID-19 vaccine and he should know by June or July whether one from its University of Oxford partner will be effective or not.

Japan Airlines' annual net profit plunged nearly 65 percent, the company said Thursday, as it faced the "unprecedented" impact of the coronavirus pandemic on aviation demand.

Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time - a step that could assuage antitrust concerns by giving users an option to easily leave the company's services, the social media network said...

Zoom video conferencing app does not have 300 million daily active users, the company admitted on Thursday to the Verge, saying it "unintentionally" referred to daily meeting participants as users in a blog post.

China's capital is clamping down on single-use items such as plastic cutlery and toothbrushes in the food and hotel industries from May 1, as the country forges on with plans to cut waste.

Global smartphone production is expected to slump a record 16.5per cent to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce, despite supply chains resuming after weeks of shutdown.

U.S. agribusiness giant Cargill said on Thursday it will introduce a range of plant-based food products to China following a successful trial of plant-based nuggets by Yum Holdings KFC.

SINGAPORE: Fast food chain McDonald’s Singapore has extended its closure after it was initially set to reopen on May 5, the restaurant said in a Facebook post on Thursday (Apr 30). McDonald’s did not specify when its stores would reopen, but said they would be closed for “just a little longer”...