Credit Suisse will be giving employees needing to care for children and family members affected by the coronavirus outbreak a month of paid leave through mid-April, its chairman and CEO told staff in a memo late on Monday.
Uber Technologies Inc on Tuesday began suspending shared rides on its ride-hailing platform in the United States and Canada to limit the spread of the coronavirus.
KUALA LUMPUR: Malaysia has recovered 1.4 billion ringgit (US$323 million) of funds allegedly stolen from state fund 1MDB and identified another 6.9 billion ringgit for recovery, the prime minister's office said on Tuesday (Mar 17). The US Department of Justice (DoJ), which says more than US$4.5 ...
Indonesian ride-hailing firm Gojek closed an additional US$1.2 billion of funding last week, according to an internal memo reviewed by Reuters.
French carmaker Renault said on Tuesday that it was halting operations in Spain following the declaration of a state of emergency there in light of the coronavirus crisis.
Airbus announced it would stop production and assembly activities at its plants in France and Spain for the next four days, as governments there implement new measures to restrict movements and fight the coronavirus outbreak.
U.S. electric vehicle maker Tesla Inc plans to operate its Fremont factory on Tuesday, when San Francisco's Bay Area begins a three-week lockdown to rein in the spread of a coronavirus, the Electrek online media said.
Tesla Inc Chief Executive Officer Elon Musk sent employees an email on Monday telling them to stay at home if they felt ill or uncomfortable, two people who saw the memo told Reuters.
SINGAPORE: Employers in Singapore will receive more than S$600 million in payouts under the Wage Credit Scheme (WCS) by Mar 31, the Ministry of Finance (MOF) and Inland Revenue Authority of Singapore (IRAS) said on Tuesday (Mar 17). More than 90,000 employers will receive the payouts, with small ......
The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression.
