Cisco Systems Inc on Tuesday launched a US$2.5 billion financing program that lets its customers defer 95per cent of payments until 2021, giving companies additional leeway at time when some are facing a cash crunch but also need more remote-work tools.
Barclays has halted new job cuts while the coronavirus crisis is ongoing, the bank said in an internal memo seen by Reuters on Tuesday.
The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion of the U.S. economy.
European low cost airline Wizz Air is not looking to defer any of the Airbus narrowbody planes it has on order even though it does not expect the market to grow again until 2022, its chief executive said.
With much of the world living in lockdown, the spread of the new coronavirus, SARS-CoV-2, that was first detected in China late last year is beginning to slow in some places. As of Apr 14, almost 2 million people were infected globally and nearly 120,000 killed by COVID-19, the disease caused...
SINGAPORE: With a “significant drop” in the number of people taking public buses and trains during the COVID-19 circuit breaker period, train frequencies will be reduced and selected bus services will be suspended, the Land Transport Authority (LTA) said in a news release on Tuesday (Apr 14) ...
When President Vladimir Putin announced a paid holiday for the month of April to keep Russians home and prevent the coronavirus from spreading, many small business owners braced themselves.
J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
Amazon.com Inc said on Tuesday it terminated two employees, who criticized the working conditions at the e-commerce giant's warehouses in the wake of the coronavirus pandemic, for "repeatedly violating internal policies".
The world's leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook's planned Libra stablecoin from undermining financial stability, the Group of 20 Economies' (G20) regulatory watchdog said on Tuesday.
