YANGON: Temporary factory closures and layoffs have already begun to hit low wage workers across Asia as quarantines and travel restrictions from the new coronavirus disrupt supply chains linked to China. For 31-year-old Myanmar worker Aye Su Than, the suspension of production at Hunter Myanmar ...
SHENZHEN: China's manufacturers are struggling to find enough workers to fill factory floors as the regular post-Lunar New Year labour migration trickles rather than flows, slowing the restart of the world's No 2 economy amid the coronavirus crisis. This week, the southern economic powerhouse ...
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.
Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to US$5 trillion.
CHICAGO: United Airlines Holdings said on Friday (Feb 28) it was cancelling flights to Tokyo, Osaka, Singapore and Seoul due to health concerns related to the coronavirus outbreak. The Chicago-based airline also said it was extending the suspension of US flights to China through Apr 30. Earlier ...
India's economic growth rose slightly to 4.7 percent in the last three months of 2019, government data showed Friday, edging back from six-year lows.
Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices fell to US$50 per barrel on fears the coronavirus outbreak will hit oil demand badly.
Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump.
SINGAPORE: Singapore stocks spiralled downwards on Friday (Feb 28) to a 15-month low, as global markets sold off on the rising possibility that the coronavirus outbreak would become a pandemic. The benchmark Straits Times Index tumbled 3.2 per cent to close at 3,011.08, after touching a 15-month ...
Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds (US$418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
