Markets

SINGAPORE: Millennium Hotels and Resorts has laid off 159 employees as the economic fallout of COVID-19 hits the tourism and hospitality industry hard, the company said on Wednesday (Aug 19). "Millennium Hotels and Resorts in Singapore has embarked on a workforce rationalisation and right-sizing ...

Regeneron and Roche said on Wednesday they will collaborate on an investigational antibody cocktail against COVID-19, with the U.S. company to distribute it in the United States and the Swiss drugmaker to sell it elsewhere, should the medicine win approval.

U.S. carrier Southwest Airlines Co said on Wednesday it expects cash burn in the third quarter to slow as bookings improve in August from a pandemic-driven grounding of flights worldwide, but flagged inconsistent demand and booking trends.

U.S. stock index futures edged higher on Wednesday following solid earnings from retailers Target and Lowe's, a day after the S&P 500 completed its fastest recovery from a bear market in history.

Brexit safeguards to stop asset managers in Britain running "shell" investment funds in the European Union to retain access to its markets should be hardwired into EU law, the bloc's securities watchdog said on Wednesday.

Amazon has stepped up its move into Britain's grocery market, expanding its relationship with Morrisons so Prime members have access to the supermarket group's full range on the internet giant's main website.

India's antitrust watchdog has dismissed a case against Facebook's WhatsApp, saying the company has not abused its dominant position to expand in the country's digital payments market, according to an official order.

Bamboo rat farmer Liu Yanqun was just starting to make plump returns from the rodents in his farm in central China when the coronavirus broke out at the end of last year.

OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic.

A change in control of the Japanese unit of TikTok, the popular video-sharing app owned by Chinese firm ByteDance, could be one way to address user data security concerns in Japan, a lawmaker from Prime Minister Shinzo Abe's ruling party said.