Markets

Apple Inc is set to shut seven of its retail locations in Houston, Texas again due to an increase in the number of novel coronavirus cases in the United States, the company said Wednesday.

Facial recognition vendor Rank One Computing said on Wednesday it would "add legal means" and research other ways to thwart misuse after its software was involved in the first known wrongful arrest based on the technology in the United States.

Tesla Inc plans to build a battery research and manufacturing facility in Fremont, California, to be operated around the clock, under a project dubbed Roadrunner, documents from the city government showed.

Walt Disney Co's reopening of theme parks and resort hotels in California will be delayed until Disneyland receives government approval, the company said on Wednesday.

Australia's Qantas is cutting 6,000 staff and grounding 100 planes for at least a year in a US$10 billion cost-cutting blitz in response to the COVID crisis, the airline announced Thursday.

The dollar held firm on Thursday as an increase in coronavirus cases in the United States undermined hopes for a quick turnaround in the pandemic-hit economy and prompted traders to cuts bets on riskier currencies.

Caesars Entertainment Corp said on Wednesday it would require all guests at its casinos and other properties across the United States to wear face masks to help counter the spread of the new coronavirus.

MILAN: Italy's government said on Wednesday (Jun 24) it would guarantee a 6.3-billion-euro (US$7.1 billion) loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic. The loan, which reportedly includes conditions not to relocate or cut jobs as the firm merges ...

The economics profession widely overlooked the importance of social and institutional pre-conditions, says former World Bank chief economist Kaushik Basu.

THE US dollar is expected to weaken moderately as economies exit from lockdowns and more money flows into riskier assets. This will be bad news for Singapore-listed companies with significant exposure to the United States, but should be broadly positive for the local equity market.