KUALA LUMPUR: AirAsia X needs creditors’ support to ride out the coronavirus crisis, the Malaysian long-haul budget airline said on Wednesday (Aug 26), as it posted a quarterly loss and revenue plunge. The company reported a net loss of RM305.2 million (US$73.2 million) for the April-June quarter versus a net […]
Business
A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed. NEW DELHI: A group of more than 2,000 online sellers […]
After a nearly two-year review, U.S. Federal Reserve officials feel they’ve hit on a better way to meet their key goals of steady inflation and maximum employment. REUTERS: After a nearly two-year review, U.S. Federal Reserve officials feel they’ve hit on a better way to meet their key goals of […]
A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed. NEW DELHI: A group of more than 2,000 online sellers […]
SINGAPORE: Singapore’s manufacturing output continued its decline in July, with demand down in most clusters apart from precision engineering, according to an Economic Development Board (EDB) media release on Wednesday (Aug 26). Industrial production fell 8.4 per cent year-on-year in July, extending June’s revised 6.5 per cent decline. This is […]
SINGAPORE: Singapore’s research and innovation efforts have been critical in the fight against the novel coronavirus, and will help create new opportunities for economic growth in a post-COVID-19 world, Deputy Prime Minister Heng Swee Keat said on Wednesday (Aug 26). The minister, who is also the chairman of the National […]
U.S. companies based in the financial hub of Shanghai said Washington’s planned ban on Chinese messaging app WeChat could badly hit their competitiveness and revenue should it apply to U.S. firms and citizens in China, a survey showed on Wednesday. SHANGHAI: U.S. companies based in the financial hub of Shanghai […]
Xiaomi Corp reported a 3.1per cent rise in second-quarter revenue on Wednesday, as overseas demand for its premium smartphones rose even while key markets struggled with the pandemic. SHENZHEN, China: Xiaomi Corp reported a 3.1per cent rise in second-quarter revenue on Wednesday, as overseas demand for its premium smartphones rose […]
BANGKOK: The owner of Burger King’s franchise in Thailand became the latest company on Wednesday (Aug 26) to bow to boycott calls by protesters who accused it of advertising on a television network they brand pro-government. The protesters seek the departure of Prime Minister Prayut Chan-o-cha, a former military leader, […]
Wang Xining, deputy head of mission for the Chinese Embassy in Australia, is seen at the National Press Club in Canberra, Australia August 26, 2020. SYDNEY: A top Chinese diplomat in Australia warned against a “shadow” over the two nations’ ties today, saying that Beijing was disappointed by a […]