NEW YORK: A giant emergency lending programme for small American businesses devastated by coronavirus shutdowns was under fresh scrutiny on Monday (Apr 20) after upscale burger chain Shake Shack returned a US$10 million loan. The initiative created an uproar after news that large restaurant chains ...
WASHINGTON: U.S. retailers and other business groups on Monday welcomed a move by the Trump administration to allow importers to defer for three months any tariff payments they owe the government, but said they needed more tariff relief to deal with the pandemic. President Donald Trump on Sunday ......
LONDON: US oil prices dived to 34-year lows at US$10 on Monday (Apr 20) after crashing more than 45 per cent in a market flooded with crude as demand evaporates in the face of the coronavirus pandemic. The US benchmark West Texas Intermediate (WTI) crude for May delivery sank to...
A U.S. Senate Republican and a Democrat proposed a US$500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that the next coronavirus relief bill will not include money for reeling local authorities.
U.S. solar panel maker SunPower Corp on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus outbreak ravages demand for its products.
Volkswagen AG said on Monday it will keep its factories in Brazil, South America's top auto producer, shut through the end of the month, but that a decision has not been made on whether it will reopen them in May or later.
Britain's biggest listed companies have been urged to hold 'virtual' annual general meetings after two-thirds of the firms to announce meetings so far opted to hold them behind closed doors because of COVID-19.
WASHINGTON: Uber unveiled plans to expand delivery of groceries and other goods from retailers as part of its response to the global coronavirus lockdowns. The ridesharing giant said a new service called Uber Direct would focus on grocery and convenience store deliveries - where social distancing ...
Scientists have discovered that a comet called 2I/Borisov - only the second interstellar object ever detected passing through the solar system - is surprisingly different in its composition from comets hailing from our celestial neighborhood.
Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.
