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China, US will allow air carriers to double flights between nations

China and the United States will each allow air carriers to double current flights to eight per week between the world's two largest economies, the U.S. Transportation Department said on Tuesday.

Markets

Commentary: Singapore’s steady seven-month plan to get the economy back on track

The S$8 billion package announced by DPM Heng Swee Keat is not only intended to tide businesses and workers over the next little while but also intends to position all for future growth, says NUS Business School’s Sumit Agarwal.

Markets

Commentary: Extending Jobs Support may only delay the inevitable – retrenchments

The Jobs Support Scheme, initially announced in the Unity Budget in February, has helped retain staff to the extent possible, but retrenchments are still increasing as COVID-19 runs its course, says dispute resolution and employment lawyer Amarjit Kaur.

Markets

Five tips for job seekers – from learning new skills to taking a contract position

SINGAPORE: With COVID-19 battering the economy, Singapore's jobless rate in the second quarter jumped to 2.9 per cent and retrenchments more than doubled. Companies have been announcing layoffs - from Resorts World Sentosa cutting 2,000 positions to Rolls-Royce retrenching 240 people ...

Markets

Payment rivals dangle offers to lure clients from sinking Wirecard ship

WITH the collapse of scandal-hit payments firm Wirecard, alternative payment gateway firms are now dangling special offers to grab a larger slice of the pie as clients explore options to migrate from the beleaguered German fintech.

Markets

Trump says he postponed trade talks with China

U.S. President Donald Trump on Tuesday said he postponed trade talks with China, adding that he does not want to talk to China right now.

Markets

Say goodbye to the shortest bear market in S&P 500 history

Well, that was quick!

Markets

New York files insurance fraud charges against opioid makers Teva, Allergan

New York Governor Andrew Cuomo said on Tuesday the State Department of Financial Services had filed charges against Teva Pharmaceuticals and Allergan Plc over their role in the opioid crisis.

Markets

Reliance buys majority stake in online pharmacy Netmeds for US$83 million

Reliance Industries Ltd has acquired a majority stake in online pharmacy Netmeds for about 6.2 billion rupees (US$83.08 million) in cash, days after e-commerce giant Amazon.com Inc launched an online drug sales service in India.

Markets

Citigroup asks judge to freeze funds it mistakenly sent to Revlon creditors

Citigroup asked a US judge on Tuesday to freeze funds it mistakenly sent Revlon Inc creditors amid a lawsuit over one of the largest clerical errors by a bank in years.

Markets

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