LONDON: Britain's economy shrank by a record 20.4 per cent between April and June when the coronavirus lockdown was tightest, official figures published on Wednesday (Aug 12) showed. It was the largest contraction reported by any major economy so far, and a wave of job losses is set to hit...
Skechers has opened a new flagship store in Paris, on the city's well-known Rue de Rivoli, near the Louvre and other major tourist sites, the U.S. trainers and shoes company said on Wednesday.
Asian stocks slipped on Wednesday on growing uncertainty over whether U.S. lawmakers would strike an agreement on an additional round of big fiscal stimulus to support an economy still struggling with the coronavirus pandemic.
Chinese tech giant Tencent Holding is making forays into fund advisory services, vying for a share of the potentially lucrative market with rival Alibaba Group Holding Ltd , which entered the business just months ago.
SINGAPORE: A joint venture by Korean automaker Hyundai and self-driving technology firm Aptiv is continuing to hire despite the COVID-19 downturn, and aims to add at least 30 more people to its headcount by the end of the year. On Tuesday (Aug 11), Hyundai and Aptiv announced that their...
HONG KONG: Troubled Hong Kong carrier Cathay Pacific said it lost HK$9.9 billion (US$1.27 billion) in the first half of this year, making it the latest major airline to reveal how badly the COVID-19 pandemic has eviscerated its business. "The first six months of 2020 were the most challenging...
SINGAPORE: The Housing and Development Board (HDB) said on Wednesday (Aug 12) it has launched more than 7,800 new flats for sale, including the first batch of units near Singapore's first car-free town centre in Tengah. A total of 7,862 flats are available in the August Build-To-Order (BTO) ...
The Japanese firm that operates a ship leaking fuel off the coast of Mauritius has been involved in accidents before, including a 2006 oil spill in the Indian Ocean.
Australian wages grew at their slowest pace on record in the second quarter, underscoring the damage the coronavirus has done to household spending, after recent data showed consumer confidence and business conditions were hit.
The United States has entered an agreement with drugmaker Moderna Inc to acquire 100 million doses of its potential COVID-19 vaccine for around US$1.5 billion (£1.15 billion), the company and White House said on Tuesday.
