Boeing Co CEO Dave Calhoun told employees on Wednesday that the largest U.S. planemaker is reducing the size of its workforce by about 10per cent amid a steep fall in travel demand due to the coronavirus pandemic.
Austria will not help Lufthansa and its Austrian Airlines operation without receiving something in exchange and is looking to secure jobs within its borders, Chancellor Sebastian Kurz said shortly before a meeting with the German group's chief executive.
PARIS: France said Wednesday (Apr 29) it will tighten its review of foreign investments in order to protect domestic firms which have been weakened by the coronavirus pandemic. Finance Minister Bruno Le Maire said in a television interview that the taking of a stake of 10 percent in large...
REUTERS: As the government issues a second round of aid for small business owners, some U.S. senators, community banking groups and minority-owned banks said they are worried businesses owned by people of color may miss out on receiving much-needed loans. The Small Business Administration (SBA) ...
U.S. health insurer Anthem Inc beat quarterly estimates for revenue on Wednesday, helped by the recent launch of its pharmacy benefits unit and higher premiums.
General Electric Co reported a 7.6per cent drop in first-quarter revenue, hurt by weakness in its aviation and power units due to the coronavirus pandemic, and fell short of its own free cash flow targets for the quarter.
German auto supplier and technology company Robert Bosch on Wednesday said it expected automotive production to fall by at least 20per cent this year, as the coronavirus pandemic slams the brakes on factory production lines and saps demand.
THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.
IN A MOVE to encourage better personal finance habits, DBS has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.
AstraZeneca on Wednesday beat analysts' estimates for first-quarter profit and reiterated its outlook for 2020, as demand for the company's newer medicines remained steady.
