HSBC Singapore will not be affected this year by the bank’s planned global redundancies that would impact 35,000 staff in the medium term, according to sources close to the matter.
Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan (US$5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.
Taiwan will from the start of next week ease border controls put in place to prevent the spread of the coronavirus and will allow in business travellers from some lower-risk countries, though they will have to be tested and quarantined.
Indian newspapers, which just a few months ago had defied the global trend by gaining circulation, are now buckling under the weight of coronavirus losses that have killed some off and critically wounded other big names.
Facebook said Tuesday it plans to help four million Americans register to vote, and insists it can be a positive force in the presidential election later this year.
Online fashion group Boohoo on Wednesday forecast annual results to be ahead of market expectations after first-quarter revenue jumped 45per cent, thanks to strong demand for its brands and apparel during coronavirus-led lockdowns.
HSBC is resuming a massive redundancy plan it had put on ice following the outbreak of coronavirus, and will cut 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday showed.
Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records.
IN addition to its banking services, DBS Asia Hub at Changi Business Park will soon also house a community farm with some 50 varieties of edible plants and herbs.
United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while "thousands of employees" signed up, "we're finding that's not enough," according to a document seen by Reuters.
