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 […]
Business
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 […]
NEW YORK: Uber Technologies has quietly launched a service to give public health officials quick access to data on drivers and riders presumed to have come into contact with someone infected with COVID-19, company officials told Reuters. The service, offered free of charge, could help burnish the image of the […]
SINGAPORE: Mr Yeoh Oon Jin, executive chairman of PwC Singapore, will succeed Mr Lim Sim Seng as board chairman of the Singapore Land Authority (SLA). Together with Mr Yeoh, the Ministry of Law also appointed as SLA’s deputy chairman, Mr Loh Lik Peng, founder and owner of hospitality group Unlisted […]
KUALA LUMPUR: Malaysia is losing up to 25 per cent of its potential palm oil yield due to a labour shortage that is expected to worsen in the coming months, the Malaysian Palm Oil Association (MPOA) said on Monday (Jul 20). The group, which represents plantation firms, said the government’s […]
SINGAPORE: Japanese home-goods chain Muji said that its business in Singapore and Malaysia “will be as usual” despite the United States arm filing for bankruptcy protection. A spokeswoman for Muji Singapore said that while the US business suffered “continuous losses” due to factors such as high rents that were a […]
KUALA LUMPUR: Senior executives of Goldman Sachs have flown in to Malaysia for talks with the government on the recovery of 1Malaysia Development Berhad (1MDB) assets, Malaysia’s finance minister said on Monday (Jul 20). Finance Minister Zafrul Abdul Aziz said in a statement that executives from the US investment bank […]
MILAN: Huawei Technologies will continue working with Telecom Italia despite being shut out of a recent tender to supply new generation 5G technology, the chairman of the group’s Italian unit told a newspaper on Monday (Jul 20). Luigi De Vecchis said the decision to exclude Huawei from supplying new generation […]
EBay Inc is in advanced talks to sell its classified-ads unit to Norwegian group Adevinta as the online auction pioneer seeks to refocus on its core marketplace business, the Wall Street Journal reported on Monday. REUTERS: EBay Inc is in advanced talks to sell its classified-ads unit to Norwegian group […]
During a blue-sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped pull the world along as the extra cash from tax cuts and government spending flowed through domestic and global markets. WASHINGTON: During a blue-sky moment in 2018 near the […]