Markets

Britain's high-street restaurant chains Bella Italia, Cafe Rouge and Las Iguanas could see around 30per cent of their outlets cut, two sources told Reuters, as their owner pushes ahead with talks to sell the businesses stricken by the COVID-19 crisis.

U.S. President Donald Trump said on Friday he views the Phase 1 trade deal inked between the United States and China differently in the wake of the coronavirus pandemic.

SINGAPORE: Landlords will now be required to step up and provide their struggling small and medium-sized enterprise (SME) tenants with rental waivers of up to two months after Parliament passed amendments to the COVID-19 regulations on Friday (Jun 5). As part of the changes that will be ...

Volkswagen has completed an internal report into how it came to publish a racist advert, the German carmaker said on Friday, adding that its findings will be released once its management board has reviewed the matter.

Canadian plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11 per cent of the workforce at its aviation unit, as the coronavirus pandemic's crushing impact on the air industry adds to its long list of problems.

The U.S. unemployment rate likely shot up to almost 20per cent in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis.

French luxury goods giant is not seeking to renegotiate its US$16.2 billion acquisition of US jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.

WeWork will invest US$100 million in its Indian business as the office-sharing startup looks to work its way through the ongoing coronavirus crisis, which has hit its business and kept people indoors for months.

The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded British broadcaster in the wake of government scepticism of the current model.

SINGAPORE: Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday (Jun 5), prompting speculation among some analysts about a potential deal between the Singapore rigbuilder and its parent company. "Given the concurrent nature of the trading halts, we believe ...