The European Union is not interested in buying potential COVID-19 vaccines through an initiative co-led by the World Health Organisation as it deems it slow and high-cost, two EU sources told Reuters, noting the bloc was in talks with drugmakers for shots cheaper than US$40.
Oil major Chevron Corp expects to reduce the dominance of white males in company management during cost-cutting this year, upping the share of senior level jobs held by women and ethnic minorities to 44per cent from 38per cent last year, the company said in a statement.
SINGAPORE: The National Trades Union Congress (NTUC) on Friday (Jul 24) proposed a framework to guide companies on how to fairly treat workers affected by retrenchments. In a media release, the labour union said that the Fair Retrenchment Framework would help companies carry out responsible ...
Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording a US$3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.
Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording a US$3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.
British Airways owner IAG is set to issue shares at the end of the summer in a bid to raise up to 2.5 billion euros (US$2.88 billion) to keep the business afloat and avoid a government bailout, several sources said.
KUALA LUMPUR: US investment bank Goldman Sachs has reached a US$3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday (Jul 24). The deal includes a $2.5 billion cash payout by Goldman and a guarantee by the bank to return at...
SINGAPORE: A total of 400,000 lower-income Singaporeans will receive their first Workfare Special Payment payout from Jul 28, the Ministry of Finance (MOF) said in a press release on Friday (Jul 24). The special payment was announced by Minister for Finance Heng Swee Keat under the Care and ...
Verizon Communications Inc added more phone subscribers who pay a monthly bill than analysts expected, as demand for its services picked up during stay-at-home orders.
U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct.
