Markets

Europe's top court on Thursday backed Amazon in its dispute with the German unit of U.S. cosmetics company Coty's, saying the online retail giant is not liable for unwittingly stocking trade mark infringing goods for third-party sellers.

SoftBank Group Corp said it has terminated a US$3 billion tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.

German tech investor Rocket Internet said on Thursday it had sold its stake in African ecommerce company Jumia, which has seen its shares steadily fall since they listed last April on Wall Street.

British Airways is in talks with its union about a plan to suspend around 32,000 staff in response to the coronavirus pandemic, a person familiar with the situation said.

SINGAPORE: Moody's downgraded the outlook for Singapore's banking sector to "negative" from "stable", citing risks of rising bad loans and deteriorating profitability due to an economic slowdown and a decline in interest rates amid the coronavirus outbreak. "Credit costs will rise as asset quality ...

SINGAPORE: The Government will introduce new legislation when Parliament sits next week to require non-residential landlords to pass on property tax rebates announced in this year's Budget and Supplementary Budget to their tenants "in full". In his Budget Speech and subsequent Supplementary Budget ...

SINGAPORE: Online grocer RedMart will be suspending new orders for two days to tweak its product offerings and update its system, amid a surge in orders due to COVID-19 concerns. In a letter to customers on Thursday (Apr 2), RedMart said that it will resume taking new orders on Saturday....

Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns by ramping up deliveries to consumers stuck at home.

The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

German automaker Volkswagen said on Wednesday it would extend until April 30 a suspension of activities at two production plants in central Mexico after the government declared a health emergency because of coronavirus.