Markets

SINGAPORE: As the COVID-19 pandemic continues to hit demand and supply, businesses will get more help with labour and rental costs under the S$33 billion Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat in Parliament on Tuesday (May 26).   To help businesses retain workers, the ...

SINGAPORE: More than S$500 million of the Fortitude Budget will be allocated to support the digital transformation of businesses, including support for e-payments, adopting digital solutions and deepening digital capabilities, announced Deputy Prime Minister Heng Swee Keat on Tuesday (May 26) ...

SINGAPORE: Authorities will monitor and take action if there is evidence of “anti-competitive activity” among petrol retailers in Singapore, said Senior Parliamentary Secretary for Trade and Industry Tan Wu Meng in Parliament on Tuesday (May 26). He was responding to a parliamentary question by ...

Vivendi's Dailymotion video platform and China's Huawei Video on Tuesday announced a partnership to offer international and local video content, as Huawei continues its plans to increase its presence in France and Europe.

Eurowings, the low-cost airline owned by Lufthansa , said it would cut a third of the jobs at its headquarters as part of wider efforts to return the German airline group to profitability after a major state bailout.

AXA said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer should pay one owner two-months' worth of coronavirus-related revenue losses.

Ride hailing company Uber Technologies Inc's Indian arm will cut 600 jobs across functions, as it navigates a strict coronavirus lockdown that has brought businesses to a grinding halt, Uber India President Pradeep Parameswaran said on Tuesday.

SINGAPORE: A range of measures are in place to help people who have been affected by construction work delays due to the COVID-19 "circuit breaker", said Minister for National Development Lawrence Wong in Parliament on Tuesday (May 26).   These include subsidised rates at serviced apartments for ...

SINGAPORE: Singapore’s headline inflation has turned negative for the first time since end-2016, latest monthly data showed on Tuesday (May 26), while the core inflation gauge inched deeper into negative territory. The all-items consumer price index (CPI) fell by 0.7 per cent year on year in April ...

SINGAPORE: Singapore's manufacturing output increased by 13 per cent in April, the second straight month of a year-on-year rise, but this was once again largely down to gains made by the biomedical manufacturing cluster. Excluding this cluster, the country's output fell 3.5 per cent due to COVID ...