Markets

Juul Labs Inc is planning to cut around a third of its staff as the e-cigarette maker faces a relentless series of regulatory headaches and falling market share, the Wall Street Journal reported on Wednesday.

Lyft Inc said on Wednesday it plans to lay off 982 employees, or 17per cent of the ride-hailing firm's workforce, due to the economic challenges caused by the coronavirus pandemic.

AirAsia Group, one of Europe's top five corporate export customers, will stop taking deliveries of Airbus jets this year and review its remaining orders as the coronavirus crisis heaps pressure on the Malaysian carrier.

China remains "very, very committed" to meeting its commitments under a Phase 1 trade deal with the United States, despite the unprecedented economic and health impacts of the new coronavirus pandemic, a senior U.S. trade official said on Wednesday.

Royal Bank of Scotland chairman Howard Davies said on Wednesday the coronavirus pandemic had "changed everything" and its impact on society and the economy would likely be "stark and long-lasting".

The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc (US$1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday.

U.S. Senate Majority Leader Mitch McConnell on Wednesday doubled down on his demand that Congress protect businesses from coronavirus-related liabilities in its next legislative package for combating the pandemic.

SINGAPORE: Amid the grim economic forecast, Singapore's first quarter employment figures were better than expected, said analysts, although they cautioned that the labour market will continue to weaken due to the COVID-19 pandemic. In its latest labour market report released on Wednesday (Apr 29) ...

Sharing a pilates mat, brother and sister Mykhailo and Maria Bondarenko practise basic yoga moves at home, following the instructions of a trainer via laptop. 

Renault is considering cutting the number of sub-contractors it uses to develop car models in its engineering division potentially saving the carmaker between 100 million to 200 million euros, two sources close to the company said.