Markets

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.

BRASILIA: Brazilian planemaker Embraer is putting all its Brazil-based employees who cannot work remotely on paid leave until Mar 31, the company said on Sunday (Mar 22), adding that only "a few essential operations" will be maintained. The measures are being taken to protect staff from ...

REUTERS: The special committee of WeWork's board is preparing for a fight against Japan's SoftBank Group Corp saying that SoftBank should complete its tender offer promised to the office sharing company's employees and shareholders. "Not only is SoftBank obligated to consummate the tender offer as ...

NEW YORK: Oil prices fell more than US$1 a barrel at the start of the trading session on Sunday (Mar 22), as more governments ordered lockdowns to curb the spread of the global coronavirus pandemic that has slashed the demand outlook for crude. Brent crude futures fell US$1.84, or...

Bad email habits like unnecessary exchanges and spamming recipients who need not be involved are leading to poor work outcomes, say Carys Chan.

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.

REUTERS: British entrepreneur Richard Branson said on Sunday (Mar 22) companies in his Virgin empire will be investing US$250 million in coming weeks and months to save jobs from the impact of the coronavirus outbreak. "Because many of our businesses are in industries like travel, leisure and ...

DUBAI: Dubai carrier Emirates reversed on Sunday its decision to suspend all passenger flights, shortly after it said it would halt operations from Mar 25 amid the novel coronavirus outbreak. The airline said it "received requests from governments and customers to support the repatriation of ...