Neiman Marcus must justify executive bonuses: US Justice Department lawyer
Top executives of Neiman Marcus, which filed for bankruptcy in May, do not deserve bonuses of up to US$10 million...
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US judge confirms Berkshire Hathaway unit’s 643 million euro award against German pipemaker
A U.S. judge on Wednesday confirmed a 643 million euro (US$734 million) award in favor of a unit of Warren...
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Key EU data transfer tools in focus in Facebook, Schrems clash
The latest clash between Facebook and Austrian privacy activist Max Schrems could disrupt hundreds of thousands of companies as Europe's...
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Japan firms see no immediate fix for virus pain, some eye better productivity: Reuters poll
Nearly half of Japan's companies have no immediate plans in place to help counter the impact of the coronavirus pandemic,...
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Amazon extends work from home policy, still restricting travel
CHICAGO: Amazon.com has extended a work-from-home policy until Jan 8 and is continuing to ask employees to defer all non-essential...
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Oklahoma governor tests positive for coronavirus as numbers rise across US
OKLAHOMA CITY: Oklahoma's Republican Governor Kevin Stitt said on Wednesday (Jul 15) he had tested positive for the novel coronavirus,...
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Nations slow reopening, reimpose restrictions as COVID-19 cases surge
A Shinto maiden wearing a protective face mask walks at a shrine amid the coronavirus disease (COVID-19) outbreak, in Tokyo,...
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As Canada nears zero COVID-19 deaths, officials fear reopening spike, US risk
OTTAWA: Canada's efforts to flatten the curve of coronavirus cases have put the country on the cusp of zero deaths...
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Fauci calls White House effort to discredit him ‘bizarre,’ a mistake
WASHINGTON: US infectious disease expert Anthony Fauci said on Wednesday (Jul 15) he did not understand the White House effort...
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VW centralises group software development at Audi
Volkswagen on Wednesday said it was replacing software chief Christian Senger and moving the centre of its group-wide software development...
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Apple wins fight against US$15 billion EU tax order
LUXEMBOURG: Europe's second-highest court on Wednesday (Jul 15) rejected an EU order for Apple to pay 13 billion euros (US$15...
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Google backs Reliance’s Jio Platforms with US$4.5 billion India investment
Reliance Industries on Wednesday said Alphabet Inc's Google will buy a 7.7 per cent stake in its digital unit for...
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Resorts World Sentosa lays off staff in cost-cutting move amid COVID-19 pandemic
SINGAPORE: Resorts World Sentosa (RWS), one of Singapore's biggest private-sector employers, said on Wednesday (Jul 15) it was laying off...
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SIA Group passenger carriage plunges 99.3% in June as COVID-19 continues to impact demand
SINGAPORE: The Singapore Airlines (SIA) Group recorded a 99.3 per cent year-on-year decline in passenger carriage in June, according to...
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Southampton test erased swing doubts, says ball-maker
The ball moved enough in last week's Southampton test between England and West Indies to erase any lingering doubt about...
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Villa cannot become complacent after one win, says Smith
Relegation-threatened Aston Villa must guard against complacency in the home stretch of the Premier League season after they beat Crystal...
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Man United not looking ahead to Chelsea semi-final yet, says Solskjaer
Manchester United manager Ole Gunnar Solskjaer says he will not rest key players for Sunday's FA Cup semi-final against Chelsea,...
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China calls Britain ‘America’s dupe’ for banning Huawei
BEIJING: Beijing lashed out on Wednesday (Jul 15) at Britain's decision to ban Huawei equipment, saying London had become "America's...
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Tokyo Olympics at risk if coronavirus mutates, gets stronger: Japan adviser
TOKYO: The Tokyo Olympics may have to be postponed again if the novel coronavirus mutates into a stronger pathogen, Kiyoshi...
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Japan’s economy to shrink 4.7% in 2020-2021: Central bank
TOKYO: Japan's economy will contract 4.7 per cent in the year to March 2021, the central bank said on Wednesday,...
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