Online fashion group Boohoo on Wednesday forecast annual results to be ahead of market expectations after first-quarter revenue jumped 45per cent, thanks to strong demand for its brands and apparel during coronavirus-led lockdowns.
HSBC is resuming a massive redundancy plan it had put on ice following the outbreak of coronavirus, and will cut 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday showed.
Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records.
United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while "thousands of employees" signed up, "we're finding that's not enough," according to a document seen by Reuters.
SINGAPORE: AIA Singapore employees will receive S$1,000 as part of the company’s work from home assistance scheme to support staff members amid the COVID-19 outbreak. The lump sum payment is available to all permanent and contract staff members and will be paid out to more than 1,000 employees ......
The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May,
Oil prices retreated on Wednesday, weighed down by an increase in U.S. crude inventories and worries about a potential second wave of the coronavirus pandemic.
Six former eBay Inc employees have been criminally charged with mounting a cyberstalking campaign against a Massachusetts couple whose online newsletter they viewed as critical of the e-commerce company, U.S. prosecutors announced on Monday.
Oracle Corp posted quarterly revenue below Wall Street estimates on Tuesday as the coronavirus crisis led clients in the hospitality, retail and transportation sectors to postpone purchases, sending its shares about 3per cent lower after the bell.
Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as US$300 and that will come to market in the second half of this year.
