SINGAPORE: Cabbies with ComfortDelGro will get another month of full taxi rental waivers, in line with the Government's extension of the COVID-19 "circuit breaker" period. The rental waiver will be extended to Jun 1, said the company in a media release on Wednesday (Apr 22). ComfortDelGro had ...
Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25per cent for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.
HONG KONG: Hong Kong's flagship English-language newspaper, the South China Morning Post, owned by Alibaba Group Holding Ltd, will cut senior management pay and ask staff to take unpaid leave for three weeks, a staff letter obtained by Reuters showed. Chief executive Gary Liu said in the letter ......
STOCKHOLM: Sweden's Investor AB raised its holding in robotics firm ABB, telecom equipment maker Ericsson and commercial kitchen equipment firm Electrolux Professional during the first quarter, it said in its quarterly earnings report on Wednesday. The investment firm said it invested 1.6 billion ...
Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and plummeting demand due to the coronavirus crisis.
Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20per cent and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.
Facebook Inc announced a US$5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.
Facebook has taken a $5.7 billion stake in the Jio digital platforms business of India's richest man Mukesh Ambani, the two sides said Wednesday, marking one of the biggest foreign investments in the country.
Facebook Inc announced a US$5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.
Virgin Australia Holdings Ltd's administrators will hold the first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on recapitalizing the airline, their firm Deloitte said on its website.
