Employees at global fashion giant Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to work on Monday but only to less than half their normal levels of activity, workers said.
U.S. food distributor Performance Food Group Co said on Monday it had signed agreements with 13 new retail partners and would have over 1,000 of its employees helping out at grocery stores as retailers try to keep their shelves stocked during the coronavirus pandemic.
Softbank Group Corp said on Monday it expects its US$100 billion Vision Fund to book a loss of 1.8 trillion yen (US$16.5 billion) in the financial year ended March due to the deteriorating performance of its tech bets.
BANGKOK: Thailand’s job losses may reach 10 million if the coronavirus outbreak continues for a few months, a business advisory council said on Monday (Apr 13). Southeast Asia’s second-largest economy is being hit hard by the virus outbreak and is heading into a recession. “We think about 7 ...
Volkswagen AG said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic.
Softbank Group Corp said on Monday it expects its US$100 billion Vision Fund to book a loss of 1.8 trillion yen (US$16.5 billion) in the financial year ended March due to the deteriorating performance of its tech bets.
Pou Chen Corp , the world's largest manufacturer of branded athletic and casual footwear for the likes of Nike and Adidas , has been ordered to suspend production at its Pouyuen Vietnam business over COVID-19 concerns, Vietnamese state media reported on Monday.
The Asian Development Bank said Monday it will roll out a massive $20 billion package to help developing member nations weather the economic fallout from the coronavirus pandemic.
Dubai's Emirates said on Monday it planned to operate limited passenger services to Algiers, Tunis, Jakarta, Manila, Taipei, Kabul and Chicago.
SINGTEL'S NCS and the Network for Electronic Transfers (NETS) have partnered to develop a new electronic payment and securities-settlement platform for central banks in the Asia-Pacific.
