OCBC BANK, which had originally scheduled to hold its annual general meeting (AGM) on April 30, will now host a virtual one instead at 2 pm on May 18 in line with the tighter social distancing measures in place during the Covid-19 pandemic.
Airbus Chief Executive Guillaume Faury has told the European planemaker's 135,000 staff to brace for potentially deeper job cuts after warning its survival is at stake without immediate action to save cash amid the coronavirus crisis.
The U.S. Small Business Administration (SBA) plans to cap how much institutions can lend under the Paycheck Protection Program designed to keep workers on payrolls amid the novel coronavirus, according to a memo seen by Reuters.
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
BERLIN: Germany changed course on Sunday (Apr 26) over which type of smartphone technology it wanted to use to trace coronavirus infections, backing an approach supported by Apple and Google along with a growing number of other European countries. Countries are rushing to develop apps to give a ......
Volkswagen will restart production at its Wolfsburg factory in Germany on Monday, the latest of a fleet of European carmakers to take advantage of eased coronavirus lockdown rules to resume manufacturing.
Germany's ruling coalition is divided over whether the state should have a role in running airline Lufthansa in return for a rescue package the company aims to finalise next week, politicians said on Sunday.
MILAN: Italy has picked US healthcare company Abbott Laboratories to supply 150,000 blood testing kits to screen for the new coronavirus as the country prepares to slowly lift a lockdown imposed in March. In a statement, the Prime Minister's office said Abbott had come top of a merit list in...
BERLIN: Mercedes-Benz manufacturer Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German car manufacturer told a newspaper on Sunday (Apr 26). "In China alone, we sold around 50,000 vehicles again in March. That makes us ...
TEL AVIV: Israel's Corsight AI, which has developed technology to recognise faces concealed by masks, goggles and plastic shields, raised US$5 million from Awz Ventures, a Canadian fund focused on intelligence and security technologies. Corsight said on Sunday (Apr 26) it will use the funds to ...
