SoftBank Group Corp said on Monday it would sell up to 4.5 trillion yen (US$41 billion) in assets to fund a share buyback of up to 2 trillion yen and reduce debt.
McDonald's Corp said on Sunday it would temporarily close all its restaurants in the UK and Ireland by Monday evening because of the coronavirus outbreak.
A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but US$50 billion for struggling U.S. airlines would be a loan not a cash payout, according to a copy of the proposal seen by Reuters.
Jobless Australians flooded unemployment offices around the country Monday as Prime Minister Scott Morrison warned the coronavirus pandemic would cause an economic crisis akin to the Great Depression.
NEW YORK: Gilead Sciences said on Sunday (Mar 22) it was temporarily putting new emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand and that it wanted most people receiving the drug to participate in a clinical trial to prove if it is safe...
Exxon Mobil Corp is notifying contractors and vendors of planned near-term cuts in capital and operating expenses over a coronavirus pandemic, and will announce the plans once they are final, company spokesman Jeremy Eikenberry said on Sunday.
A worker at Boeing Co's Everett factory outside Seattle who had the coronavirus has died, the Seattle Times reported on Sunday, citing co-workers, a union official and a Facebook post by the man's brother.
SINGAPORE: Singapore Airlines will cut 96 per cent of its capacity which was originally scheduled up to the end of April, said the airline on Monday (Mar 23). The decision has been made "given the further tightening of border controls around the world over the last week to stem the...
ADDIS ABABA, Ethiopia: A first planeload of protective and medical equipment donated to Africa by Chinese billionaire and Alibaba co-founder Jack Ma to help it fight COVID-19 arrived in the Ethiopian capital Addis Ababa on Sunday (Mar 22). So far, the continent of 1.3 billion people has registered ......
U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter.
