General Motors Co and Ford Motor Co got dragged into the political war over much-needed ventilators for coronavirus patients Friday as US President Donald Trump lashed out at the automakers for moving too slowly just hours before GM said it would build medical equipment at an Indiana plant.
The Chinese city of 11 million people that was Ground Zero for what became the global coronavirus pandemic partly reopened Saturday, after more than two months of almost total isolation.
Wall Street stocks sank on Friday (Mar 27), plunging after three positive sessions despite the House of Representatives approving a US$2 trillion package to address the coronavirus crisis.
As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for the company is how many buyers there will be both for current models and the new slate of...
The contraction underway is I-shaped: A vertical line representing financial markets and the real economy plummeting, says Nouriel Roubini.
Airbnb plans to halt all of its marketing, pause most hiring, and likely withhold employee bonuses as it tries to conserve cash amid a slide in bookings, CEO Brian Chesky told employees in a video conference call, The Information reported on Friday.
Singapore’s Resilience Budget is almost analogous to American President Franklin D Roosevelt’s New Deal, which lasted from 1933 to 1939, says Lawrence Loh.
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.
UOB Asset Management (UOBAM) on Friday launched a sustainable bond fund in Singapore targeted at retail investors.
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.
