Markets

Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new US$1 billion loan just days after closing a US$1 billion debt deal, sources told Reuters on Tuesday.

Asian shares paused at one-month highs on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business.

Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new US$1 billion loan just days after closing a US$1 billion debt deal, sources told Reuters on Tuesday.

SAN FRANCISCO: Washington state's attorney general filed a second lawsuit against Facebook Inc over political ads on Tuesday, saying the social media giant once again failed to make disclosures required under the state's campaign finance laws. Facebook already paid US$238,000 in 2018 to resolve a ...

WASHINGTON: Around the world countries are hitting their COVID-19 peaks and starting to grapple with questions about when and how to reopen their economies. But those people fortunate enough to have not lost their jobs should be prepared for a "new normal" when they finally go back to work, say...

J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.

Glade Brook Capital Partners LLC, the venture capital firm led by Paul Hudson, is pitching a new fund to investors targeting the debt of private technology companies impacted by economic disruption from COVID-19.

Zoox Inc said on Tuesday it had settled a lawsuit with Tesla Inc after admitting that some new hires from the electric carmaker were in possession of certain Tesla documents when they joined the U.S. self-driving car startup.

Carnival Corp-owned Princess Cruises, whose three ships had become hotbeds for coronavirus infections, said on Tuesday it would cancel all voyages until June-end, after a "no sail order" from U.S. health officials.

Working remotely can be challenging for team leaders but there are five guiding principles that can help light the way, says EngageRocket’s Leong Chee Tung.