Markets

Lufthansa , which has grounded almost all its aircraft due to the coronavirus pandemic, said its operating loss increased to 1.2 billion euros (US$1.3 billion) during the first three months of the year and the loss would be considerably higher in the current quarter.

In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut and is looking at all options, including putting wells on repair and maintenance to abandoning them entirely and even burning oil, four oil industry...

Amazon.com Inc's Indian arm will soon add small local shops as sellers on its platform as a way to provide them broader online exposure and offer consumers a greater selection of merchandise, the company said on Thursday.

SINGAPORE: Some drivers from Grab as well as a subsidiary of transport operator SMRT have been roped in to help authorities take suspect cases of COVID-19 to hospitals. The Ministry of Health (MOH) told CNA on Wednesday (Apr 22) that this is to complement existing ambulance services. These ......

The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10per cent during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).

The chair of the House Judiciary Committee's antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related to companies about to fail.

U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted manufacturing and services industry production, pushing the economy into uncharted waters.

Canyon Bridge, the China-backed owner of Imagination Technologies, plans to re-list the UK-based chip designer in London, New York or Hong Kong, the head of the private equity firm told the Financial Times on Thursday.

Jaguar Land Rover plans to restart some European production from May 18, beginning with one of its three British car factories, a central English engine site in Wolverhampton and its plant in Slovakia.

Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, reported a 4per cent rise in its first-quarter distributable earnings driven by a surge in management fees on strong fundraising, even as its funds took a hit in the coronavirus-induced ......