J.C. Penney Co Inc plans to trim its store count by 29per cent to about 604, as the U.S. department store chain looks to focus on those more profitable, a regulatory filing showed on Monday, two days after it filed for bankruptcy protection.
Americans increased their visits to supermarkets far more than to Walmart Inc stores as panic-buying peaked in mid-March, a Reuters analysis of foot traffic to retailers in the United States shows.
SINGAPORE: With flights cut and planes grounded, the impact of COVID-19 on commercial aviation has had a knock-on effect on the aerospace industry which supports it. Eighty-five per cent of Singapore’s aerospace industry is involved in maintaining and repairing aircraft, and local companies also ...
JAKARTA: Indonesia will slap a 10 per cent value-added tax on the digital offerings of foreign companies from Jul 1, the finance ministry said, a levy that could apply to internet giants such as Spotify and Netflix. Products and services including video games, music and movie streaming could be ......
Amazon's French warehouses are set to re-open on Tuesday with about 30per cent of employees, three union officials said, following an agreement with staff representatives last week.
BEIJING: China added to tensions with Australia on Monday (May 18) by announcing anti-dumping and anti-subsidy duties totalling 80.5 per cent on Australian barley imports from Tuesday (May 19), which is expected to all but halt a billion-dollar trade between them. China's Ministry of Commerce said ...
The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism.
Delta Air Lines said on Monday it would resume flying several major routes in June that were suspended due to the COVID-19 pandemic.
Confidence among U.S. single-family homebuilders rose in May, potentially signaling that the worst of the economic downturn was probably over as the country gradually reopens after lockdowns to slow the spread of the novel coronavirus.
Nissan Motor Co is working on a plan to scale back its European business, focusing on sport utility and commercial vehicles as well as more effective sharing of products and investments with partner Renault, three sources told Reuters.
