The U.S. economy may be able to weather the hit from the coronavirus with the stimulative policies already in the pipeline without the need for more measures to spur activity, a White House adviser said on Thursday.
SINGAPORE: Employers should make every effort to keep their workers and help them through the difficult COVID-19 outbreak period, said Prime Minister Lee Hsien Loong on Thursday (Apr 30) in his May Day message. “They should not drop workers at the first sign of trouble,” said Mr Lee in...
SINGAPORE: Singapore’s economy will not restart all at once, but will have to open up “step by step” even after “circuit breaker” measures are relaxed, said Prime Minister Lee Hsien Loong on Thursday (Apr 30) in his May Day message. Three weeks into a circuit breaker period that has...
The U.S. Federal Reserve on Thursday said it was expanding the scope and eligibility of its soon-to-launch "Main Street Lending Program" to reach a greater range of small- and medium-sized businesses seeking emergency financing to weather the disruption caused by the coronavirus pandemic.
Twitter Inc on Thursday said its ads sales slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it had accelerated work on tools to attract advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast.
Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
Renault PA> has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the carmaker, to cut costs, three sources close to the company told Reuters.
Goldman Sachs Group Inc said Thursday at its annual shareholder meeting that 71per cent of votes were cast in favor of the bank's executive compensation policies for 2019, in preliminary tallies.
Nissan Motor Co's vehicle sales in China this month almost recovered to the prior year's level after a coronavirus-related 45per cent plunge in March, two sources with knowledge of the Japanese automaker's preliminary data said.
Pilots at Lufthansa are ready to sacrifice up to 45per cent of their salaries for more than two years to help cut costs, their union Cockpit said on Thursday, as the airline struggles with the impact of the coronavirus pandemic.
