Business

CHICAGO: US lawmakers introduced a bipartisan bill on Tuesday (Jun 16) that would reform aircraft certification following two fatal Boeing 737 MAX crashes, Senators Roger Wicker and Maria Cantwell said in a joint statement accompanying the proposal. The measure seeks to eliminate the ability of aircraft makers like Boeing to […]

PARIS: A coronavirus contact tracing app being introduced in France may not be able to connect with others across the European Union because it stores data centrally, EU Commission vice-president Margrethe Vestager said on Tuesday. The EU has been hoping that apps developed by member states to track infections will […]

Gary Connell talks about the economic impact to his hairstyling business after a nine-week disruption due to the stay-at-home order for the coronavirus disease (COVID-19) outbreak outside Salon Plaza in Wheaton, Maryland   WASHINGTON: After 15 years working as a hair stylist in other people’s salons, Gary Connell opened his […]

SINGAPORE: OCBC has made a S$150 million loan referencing SORA – the Singapore Overnight Average Rate – the first loan to use the new rate, the bank said on Tuesday (Jun 16), part of a major global effort to change lending benchmarks. Singapore’s current main lending benchmark, SOR, is calculated […]

SINGAPORE: Business services firm Data Register and an associated company, Singapore Data Register, were both fined a total of S$4,500 on Jun 4 for several breaches under the Companies Act, including failing to open its office to the public. Data Register pleaded guilty for not holding an annual general meeting […]

SINGAPORE: The Ministry of Manpower (MOM) has issued 52 fines and ordered seven workplaces to cease operations over lapses in safe management measures as at Monday (Jun 15) afternoon, following the lifting of “circuit breaker” measures earlier this month. Six of the workplaces ordered to close were found to have […]

SINGAPORE: As Singapore draws closer to the next General Election, some campaign material suppliers say they have not received orders yet but are ready to quickly roll into action when needed, even though COVID-19 protection measures may still be in place. Printing company Republic Holdings, which has produced flyers and […]

NEW YORK: The United States on Monday (Jun 15) confirmed a Reuters report that it will amend its prohibitions on US companies doing business with China’s Huawei to allow them to work together on setting standards for next-generation 5G networks. The US Commerce Department and other agencies signed off on […]

LONDON: The world’s biggest asset manager BlackRock has pumped about 16 billion euros (US$18 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters. Companies across the world […]