Markets

Asda, the British supermarket arm of the world's biggest retailer Walmart, said it would expand weekly delivery capacity to one million slots next year to meet the demand for online grocery shopping spurred by the COVID-19 crisis.

SYDNEY: Australia has signed a deal with drugmaker AstraZeneca to secure a potential COVID-19 vaccine, the prime minister said on Tuesday (Aug 18), joining a growing list of countries lining up supplies of the drug. AstraZeneca’s candidate is seen as a frontrunner in the global race to deliver an...

SINGAPORE: About 140 staff members from Singapore Press Holdings' (SPH) media sales division and magazines will be "affected" by a retrenchment exercise, amid a restructuring to mitigate the impact of COVID-19 on advertising revenue, the company said on Tuesday (Aug 18). The affected ...

Nokia won on Tuesday the second of its ten lawsuits against Daimler over patent licensing fees after a German court said the carmaker had not made a serious attempt to resolve the issue with the Finnish company.

Finnish telecom equipment maker Nokia said on Tuesday it had reached a "patent milestone" as a German court ruled against the unauthorized use of its inventions by German carmaker Daimler .

Kohl's Corp posted a smaller-than-expected quarterly loss on Tuesday, as the department-store chain reopened most of its stores that were shuttered for weeks to curb the spread of the novel coronavirus.

OCBC Bank has launched a new Sora-based home loan, which references the three-month compounded Singapore overnight rate average (Sora) that is published by the Monetary Authority of Singapore (MAS).

DETROIT: Canoo Holdings Ltd, an electric vehicle startup already working with South Korea's Hyundai Motor, will go public later this year at a value of US$2.4 billion after joining forces with a so-called blank-check firm or special purpose acquisition company (SPAC). The combined company will be ...

U.S. states are seeking a combined US$26.4 billion from three major drug distributors and Johnson & Johnson to settle opioid litigation against the companies, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as consumers bought more paint, tools and other home improvement products to do minor repair works while stuck at home due to the COVID-19 pandemic.