SINGAPORE: Marina Bay Sands (MBS) has reported an earnings before interest, tax, depreciation and amortisation (EBITDA) loss of US$113 million in the second quarter of 2020, a period that coincided with Singapore’s COVID-19 “circuit breaker” period. The figure is in contrast with the US$346 million EBITDA profit it made between […]
Business
SINGAPORE: Singapore’s core inflation dropped 0.2 per cent year-on-year in June, the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said in a joint news release on Thursday (Jul 23). The drop in June continues from the 0.2 per cent year-on-year decrease recorded in May. This […]
BEIJING: Tesla boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth. “Tesla will give you a giant contract for a long period of time […]
Apple Inc supplier LG Display Co Ltd reported its sixth consecutive quarterly operating loss on Thursday, as people shied away from buying new TV sets in the middle of the pandemic and panel prices remained weak. SEOUL: Apple Inc supplier LG Display Co Ltd reported its sixth consecutive quarterly operating […]
Walmart-owned Flipkart will buy the U.S. retail giant’s Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its offerings for mom-and-pop stores, the company said on Thursday. BENGALURU: Walmart-owned Flipkart will buy the U.S. retail giant’s Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its […]
Amazon.com Inc’s Indian unit on Thursday said it will begin offering auto insurance, making India the e-commerce giant’s first market for the service. NEW DELHI: Amazon.com Inc’s Indian unit on Thursday said it will begin offering auto insurance, making India the e-commerce giant’s first market for the service. Amazon Pay, […]
Flipkart said on Thursday it had acquired parent Walmart Inc’s local cash-and-carry business, as the e-commerce firm strengthens its wholesale offerings to compete better with Amazon.com Inc. BENGALURU: Flipkart said on Thursday it had acquired parent Walmart Inc’s local cash-and-carry business, as the e-commerce firm strengthens its wholesale offerings to […]
Siemens is rolling out its Comfy mobile phone app to hundreds of its offices around the world to help staff safely return to the office after the coronavirus shutdown. ZURICH: Siemens is rolling out its Comfy mobile phone app to hundreds of its offices around the world to help staff […]
PARIS: Cycling is booming across the globe as people seek to avoid crowded buses and trains on their commute in the wake of the COVID-19 pandemic – or get back into shape after long months of lockdown. But with bicycle sales exploding in many countries, the craze has left manufacturers […]
NEW YORK: A temporary basic income for the world’s poorest 2.7 billion people in 132 developing countries could help slow the spread of the coronavirus by allowing them to stay home, according to a UN Development Programme (UNDP) report released on Thursday (Jul 23). The report suggests three options – […]