Two former top staffers at the U.S. Federal Reserve have joined in urging the Fed to say explicitly what it will do if interest rates hit zero again, and warned that even with the best laid plan the central bank "might simply run out of...firepower," if a downturn is...
Facebook Inc will provide free advertisements to the World Health Organization (WHO) as it seeks to ensure users are not misinformed about the virus, its risks and how to react to it, Chief Executive Officer Mark Zuckerberg said on Tuesday.
Canadian billionaire Lawrence Stroll, who is investing in carmaker Aston Martin , sees the opportunity to share Formula One technology with the firm's range of road cars, he said on Wednesday.
India's Supreme Court on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban on such dealings by the central bank that had come as a major blow to the thriving industry.
BANGKOK: Piyatida Wongjittapinyo has dreamt of seeing Japanese cherry blossoms in full bloom and so last year, she planned her trip to Tokyo and booked her flight nearly a year in advance. The 28-year-old was looking forward to embarking on that journey next month and making her dream come...
Model fire stations and garbage trucks helped Lego defy a shrinking toy market with a rise in sales last year, as the plastic brick maker outpaced rivals with the latest versions of its classic kits, as well as new stores and a revamped website.
HONG KONG: Hong Kong's business outlook hit a record low in February, according to data released on Wednesday (Mar 4), as the coronavirus outbreak added to the financial hub's troubles following months of political turmoil. The Purchasing Managers' Index (PMI) for the city's economy plunged to its ...
BEIJING: China will use a Roche Holding arthritis drug to treat some COVID-19 patients in severe conditions, health authorities said on Wednesday (Mar 4), as the country seeks to build up treatment regiments to help the infected recover. Tocilizumab, sold by the Swiss pharma giant under the trade ...
BEIJING: China's COVID-19 epidemic turned a Chinese New Year family reunion into an enforced quarantine for factory worker Hu Aihua, trapping him at home and preventing him from returning to his job. He is one of China's 290 million rural migrant workers and many like him are mired in...
SYDNEY: Australia's economy expanded by more than expected last quarter, easing the risk of a recession even as raging bushfires and the coronavirus crisis wreaked havoc with tourism and travel at the start of the new year. The threat from the epidemic prompted the Reserve Bank of Australia (RBA)...
