HOUSTON: Chevron said on Monday (Jul 20) it would buy oil and gas producer Noble Energy for about US$5 billion in stock, the first big energy deal since the coronavirus crisis crushed global fuel demand and sent crude prices to historic lows. The oil price crash has decimated shares of […]
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WASHINGTON: The US Commerce Department on Monday (Jul 20) added to its economic blacklist 11 Chinese companies implicated in what it called human rights violations in connection with China’s treatment of Uighurs in Xinjiang. The department said the companies were involved in using forced labor by Uighurs and other Muslim […]
FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 6, 2019. BRUSSELS: European Union leaders appeared close to agreement on a massive stimulus plan for their coronavirus-blighted economies late on Monday (Jul 20) after the chairman of their fractious four-day summit presented a […]
CHICAGO: Southwest Airlines told employees on Monday (Jul 20) that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. US airlines, which received a US$25 billion bailout in March to […]
The first quarter domestic unemployment data for this year is the tip of the iceberg since the circuit breaker restrictions only kicked in from April to May 2020, says OCBC economist Selena Ling. SINGAPORE: The worst may be over for Singapore’s GDP growth, but the business climate and the domestic […]
World shares and the euro hit their strongest levels since March on Tuesday after European Union leaders sealed a 750 billion euro (US$857 billion) post-pandemic stimulus plan after a marathon five-day meeting. LONDON: World shares and the euro hit their strongest levels since March on Tuesday after European Union leaders […]
LONDON: AstraZeneca’s experimental COVID-19 vaccine was safe and produced an immune response in early-stage clinical trials in healthy volunteers, data showed on Monday (Jul 20). The vaccine is called AZD1222 and is being developed by AstraZeneca and scientists at Britain’s University of Oxford. It did not prompt any serious side […]
NEW YORK: New York Governor Andrew Cuomo said on Monday (Jul 20) that local governments and police departments were failing to disband parties that violated social distancing orders and warned that he might need to roll back the state’s reopening if that continued. The warning came after a warm summer […]
NEW DELHI: India’s largest budget airline IndiGo said on Monday (Jul 20) it was laying off 10 per cent of its workforce in the wake of the financial fallout from the coronavirus pandemic. IndiGo rose quickly to capture nearly half the domestic market in recent years, reaping big profits on […]
NEW YORK: US companies are raising new questions about how they can make workplaces safe after the world’s top public health agency acknowledged the risk that tiny airborne droplets of the novel coronavirus may contribute to its spread, industry healthcare consultants said. About two weeks ago, the World Health Organization […]