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SINGAPORE: All migrant workers staying at dormitories will have to stop work and stop moving in and out of the dormitories until May 4. From 11.59pm on Tuesday (Apr 21), daily movement of workers in and out of all dormitories will not be allowed, the Health Ministry said. "Employers must continue...

U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, supporting analysts' views that the economy contracted sharply in the first quarter.

Xerox Holdings Corp said on Tuesday it will make hand sanitizer in its factories in the United States and Canada to fight the spread of coronavirus, and start deliveries to healthcare organizations later this month.

The U.S. economic recession underway, caused by the coronavirus pandemic, will be worse than previously thought, with more economists polled by Reuters over the past week expecting a "U-shaped" recovery rather than any other option.

Domestic air traffic is down 70per cent globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday.

It took Lucio and Meera Santoro 35 years to build up their London design company and just a week to watch it fall apart.

Lockheed Martin Corp , the Pentagon's No.1 weapons supplier, reported a 9.2per cent rise in quarterly revenue on Tuesday, helped by higher sales in its aeronautics unit, which makes the F-35 fighter jets.

The website of Japanese electronics firm Sharp crashed on Tuesday after the company started selling face masks online, as Japan's tally of coronavirus infections passed 11,000.

Investors are once again crowding into a narrow range of technology and internet stocks, heightening concerns that the market's dramatic bounce from last month's lows is becoming increasingly vulnerable to sharp reversals as the coronavirus outbreak continues to batter the economy.

UNITED Overseas Bank (UOB) on Tuesday evening announced that it will offer pre-approved loans of up to S$200,000 to ease the short-term liquidity woes of small businesses hit by the novel coronavirus fallout.