Markets

NEW YORK: An Amazon worker at a warehouse in New York where employees called for greater coronavirus safety measures has died of COVID-19, the e-commerce giant said Tuesday (May 5). "We are deeply saddened by the loss of an associate at our site in Staten Island, NY," Amazon spokesperson...

SAN FRANCISCO: US video game titans Activision and Electronic Arts on Tuesday (May 5) reported strong earnings as people staying home due to the coronavirus pandemic turn to games such as Call of Duty. Activision said an average of 102 million people played its games online per month in the...

DOHA: Qatar Airways has warned its employees of "substantial" redundancies amid a collapse in demand for air travel caused by the coronavirus, according to an internal memo seen by AFP Tuesday (May 5).  The Gulf airline, which flew to more than 170 destinations with 234 aircraft as of March, has...

REUTERS: US airlines are collectively burning more than US$10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight in the wake of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a ...

Lockdown has exposed real problems with the circular economy which urgently need to be addressed, say observers.

Spirit AeroSystems Holdings said on Tuesday it has reached an agreement with Boeing Co to deliver 125 737 MAX shipsets to the planemaker in 2020, down from the 216 it had previously announced.

Troubled oil producer Occidental Petroleum Corp posted a loss in the first quarter on Tuesday, hit by US$1.4 billion in impairment charges, and cut its budget for the third time since March as oil prices crashed to historic lows.

CREDIT is flowing to small and medium-sized enterprises (SMEs), the lifeblood of Singapore's economy, amid the novel coronavirus outbreak.

UOB has approved S$4 billion in loans under Enterprise Singapore's (ESG) temporary bridging loan programme (TBLP) since the government increased its risk-share of such loans to 90 per cent a month ago.

ARA Asset Management chief executive officer (CEO) John Lim's family office, JL Family Office, and the group's property management arm have jointly acquired a 52.08 per cent stake in crowdfunding platform Minterest for an undisclosed sum.