Nearly half of Japan’s companies have no immediate plans in place to help counter the impact of the coronavirus pandemic, although a third of those surveyed in a Reuters poll indicated they were looking to improve productivity to cushion the blow. TOKYO: Nearly half of Japan’s companies have no immediate […]
Business
CHICAGO: Amazon.com has extended a work-from-home policy until Jan 8 and is continuing to ask employees to defer all non-essential travel, a spokeswoman said on Wednesday (Jul 15). This comes adter the company on Tuesday launched a pilot healthcare programme for its employees and their families to provide primary services […]
Volkswagen on Wednesday said it was replacing software chief Christian Senger and moving the centre of its group-wide software development from its Wolfsburg headquarters to Ingolstadt, where premium brand Audi is based. FILE PHOTO: The company logo is seen at the headquarters of the German car manufacturer Audi in Ingolstadt, […]
LUXEMBOURG: Europe’s second-highest court on Wednesday (Jul 15) rejected an EU order for Apple to pay 13 billion euros (US$15 billion) in Irish back taxes, dealing a blow to the bloc’s attempts to crack down on sweetheart tax deals. In its order four years ago, the European Commission said Apple […]
Reliance Industries on Wednesday said Alphabet Inc’s Google will buy a 7.7 per cent stake in its digital unit for US$4.5 billion, winning the backing of another U.S. tech giant after Facebook Inc in late April. NEW DELHI/OAKLAND: Alphabet’s Google will buy a 7.7per cent stake for US$4.5 billion in […]
SINGAPORE: Resorts World Sentosa (RWS), one of Singapore’s biggest private-sector employers, said on Wednesday (Jul 15) it was laying off staff as part of cost-cutting measures in the wake of the coronavirus pandemic. The resort, which is owned by Genting Singapore, declined to say how many staff members were affected […]
SINGAPORE: The Singapore Airlines (SIA) Group recorded a 99.3 per cent year-on-year decline in passenger carriage in June, according to its operating results published on Wednesday (Jul 15). Overall results improved marginally from May despite travel demand continuing to be severely impacted by the COVID-19 pandemic as flights slowly began […]
BEIJING: Beijing lashed out on Wednesday (Jul 15) at Britain’s decision to ban Huawei equipment, saying London had become “America’s dupe” and vowing to take measures to protect the interests of Chinese companies. The British government bowed to growing US pressure and pledged on Tuesday to remove Chinese telecoms giant […]
TOKYO: Japan’s economy will contract 4.7 per cent in the year to March 2021, the central bank said on Wednesday, projecting a recovery the following year but warning that deep uncertainty remains. The fresh outlook, with policymakers giving a range of contraction from 5.7 per cent to 4.5 per cent, […]
SINGAPORE: Sales of new private homes more than doubled in June after showflats reopened following an almost two-month long COVID-19 “circuit breaker” period, in what analysts said indicate firm underlying demand for affordable properties. Developers sold 998 units – excluding executive condominiums (EC) – in June, an increase of 105 […]