German business groups expressed dismay on Thursday after Chancellor Angela Merkel and state leaders agreed a gradual easing of coronavirus curbs but added an "emergency brake" to reimpose restrictions if case numbers get out of control.
German flag carrier Lufthansa said on Thursday (Mar 4) that it lost a record €6.7 billion (US$8.1 billion) in 2020, as the COVID-19 pandemic wiped out demand for travel and left aircraft grounded.
Exxon Mobil Corp is suing Australia's Macquarie Energy in a Texas court in a US$11.7 billion lawsuit over missed deliveries during last month's winter freeze in the central United States.
SINGAPORE: Starting next year, commercial water equipment and water closet (WC) flush valves that are supplied and sold in Singapore will have to meet minimum efficiency requirements. In his speech in Parliament on Thursday (Mar 4), Minister of State for Sustainability and the Environment Desmond ...
TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country.
Germany's Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready treatments and vaccines against the coronavirus bolsters demand for its supplies for biotech labs.
Deutsche Lufthansa on Thursday posted a smaller-than-expected net loss in the fourth quarter and forecast an operating loss in 2021 below last year's level.
HONG KONG: Hong Kong has been removed from an annual index of the world's freest economies because the think-tank that compiles the league table said the city was now directly controlled by Beijing. The announcement is a reputational blow for Hong Kong and comes as Beijing ramps up its bid...
Eight energy companies have failed to pay nearly US$1 billion for power and services during February's deadly power blackout in Texas, the state's grid operator said this week, and the costs are likely to fall on consumers.
Texas' power grid manager Bill Magness was fired amid growing calls for his ouster following February's deadly blackouts, the Associated Press reported on Wednesday.
