Markets

Norwegian Air , which is attempting to secure a second round of financial restructuring, saw a 91per cent decline in August passenger volume from a year earlier as most of its fleet remained grounded by the coronavirus pandemic, it said on Friday.

SINGAPORE: Naming the companies that are on the Fair Consideration Framework (FCF) watch list is “counter-productive” as it frustrates the suspected firms’ local hiring efforts, Manpower Minister Josephine Teo said in Parliament on Friday (Sep 4). Mrs Teo was speaking on the fifth day of ...

SINGAPORE: Retail sales in Singapore fell 8.5 per cent year-on-year in July as the COVID-19 pandemic continued to plague the sector. This is an improvement from the 27.7 per cent plunge in June, said the Department of Statistics (SingStat) on Friday (Sep 4).  Excluding motor vehicles, retail ...

Facebook Inc's final policy changes in the lead-up to U.S. elections in November are unlikely to stem a flood of disinformation around the vote, which could suppress turnout and sow confusion about results, election experts said on Friday.

Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over US$6.5 billion in bond sales they helped organise for a state fund, the Bernama state news agency reported.

With an enviable reputation, IAG's CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer its British Airways and Iberia out of the depths of the worst downturn in aviation history.

Virgin Atlantic is preparing to cut more than 1,000 jobs after seeing a slower-than-expected recovery in international demand for air travel, Sky News reported on Thursday (Sep 3).

Virgin Australia Holdings Ltd's creditors voted on Friday in favour of the purchase of Australia's second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul.

U.S. job growth likely slowed further in August as financial assistance from the government ran out, threatening the economy's recovery from the COVID-19 recession.

Amazon Japan has submitted a plan to the country's fair trade regulator on how it will improve practices suspected of violating anti-trust rules, the Asahi Shimbun reported on Friday.