Markets

FRANKFURT: German ailing conglomerate Thyssenkrupp is in talks with international peers about consolidating its loss-making steel business, a person familiar with the matter said. The talks, to be unveiled as part of a strategy revamp on Monday which is likely to include shutting or selling assets ...

REUTERS: Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30 per cent from more than 105,000 at the end of March, Bloomberg News reported on Sunday (May 17). The company is also considering...

U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc , calling any deal bad for competition and consumers.

U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc , calling any deal bad for competition and consumers.

U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc , calling any deal bad for competition and consumers.

WASHINGTON: Federal Reserve Chairman Jerome Powell said a US economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine. "This economy will recover. It may take a while ... It could stretch through the end of next year. We really don't know,"...

Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine.

Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34per cent of its digital unit for 65.98 billion rupees (US$870.25 million).

Emirates Group plans to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, reducing employees by about 30per cent from more than 105,000 at the end of March, Bloomberg News reported, citing people familiar with the matter.

SINGAPORE: More than 140,000 employers will receive S$4 billion in the next Jobs Support Scheme (JSS) payout, Deputy Prime Minister Heng Swee Keat said on Sunday (May 17). “Our wage support for companies in Singapore is very significant - in total, we have committed more than S$20 billion under...