Electrical equipment maker Philips on Monday said the U.S. Department of Health had cancelled the bulk of an order for 43,000 hospital ventilators, leading it to cut its 2020 earnings outlook.
SINGAPORE: Singapore’s social safety nets must adapt to the “major changes” in the economy and labour market so as to keep inequality in check, said Deputy Prime Minister Heng Swee Keat on Monday (Aug 31) in Parliament. With economic changes picking up pace and job disruptions due to technology...
China's "big four" banks have suffered a rare profit decline in the first half of the year, joining a growing body of financial institutions worldwide that have been hit by the coronavirus pandemic.
The Australian operation of Chinese telecommunications equipment maker Huawei said on Monday it would end its sponsorship of a national rugby league team a year earlier than expected due to a downturn in its business.
Anchor Dhobie de Guzman has been the face of a popular news show in the northern Philipines for more than a decade. Now the closure of his regional station -- and dozens of others countrywide -- has left him out of work.
TOKYO: At a factory south of Japan's Toyota City, robots have started sharing the work of quality-control inspectors, as the pandemic accelerates a shift from Toyota's vaunted "go and see" system which helped revolutionise mass production in the 20th century. Inside the auto-parts plant of Musashi ...
SHANGHAI: China said on Monday (Aug 31) it had launched an anti-subsidy investigation on some wine imports from Australia, two weeks after announcing it had begun an anti-dumping probe on such imports. The investigations come against a backdrop of increasing tensions between the two countries ...
WELLINGTON: The New Zealand stock market was hit by a fifth day of cyber attacks on Monday, crashing its website, but maintained trading after switching to a contingency plan for the release of market announcements. NZX Ltd was halted for most of last week due to the attacks, which...
HONG KONG: Mainland Chinese investors are scouring Hong Kong's commercial property market for bargains after prices plunged 30 per cent, signalling a new wave of demand following anti-government protests last year that kept a lid on investment activity. Property agents expect the influx of Chinese ...
WELLINGTON: The New Zealand stock market's website crashed again on Monday (Aug 31), the fifth day in row after a series of cyber attacks last week hit the bourse's ability to operate normally, but trading was unaffected. The disruption came about an hour after NZX said it had agreed with...
