World Business

Huawei issues ‘Pandora’s box’ threat if US curbs sale of Taiwan...

The Chinese government won't let 'Huawei be slaughtered on a chopping board', says chairman.

SE Asian central banks coordinating efforts to cushion virus impact

Heads of Asean-5 central banks have held discussions according to Bank Indonesia governor.

Virus epidemic shows US too dependent on cheap medical imports

US officials are concerned that China could seize on the crisis to push for tariff relief.

Singapore startup raises US$27 mil for remote medical consultations

The fundraising brings the startup’s capital base to more than US$40 mil.

‘Mindsets are changing’: Virus forces Japanese to embrace working from home

Nearly 70% of 400 major firms have already begun implementing teleworking or were planning to because of the pandemic.

Oil aided by China recovery but still set for worst-ever quarter

New York futures rose for the first time in 4 sessions.

‘Taking action cost me my job’: Amazon fires worker for leading...

Fulfillment centre employees demand extended cleaning after confirmed Covid-19 cases at the facility.

Zoom sued for allegedly illegally disclosing personal data

According to the suit, its app contains code that discloses information to other third parties.

Virus to keep almost 24 million people in East Asia impoverished

World Bank urges region to invest in expanding conventional health care and medical equipment factories.

Working from home gives chipmakers boost while others suffer

Booming online, e-commerce services help spur demand for parts and components.

Airbnb to pay hosts US$250 mil for Covid-19 cancellations

The move follows the home-sharing platform's decision to fully refund guests who decide to stay home.

BP staff won’t get the chop

Company will reduce spending following drop in crude prices.

Spain braces for impact of economic ‘hibernation’

Half of all Spaniards fear losing their job because of pandemic.

Saudi to raise oil exports to record levels as price war...

United Arab Emirates has also pledged to pump at least 1 million bpd more from next month.

J&J, US govt plan 1 billion doses of coronavirus vaccine

J&J says it will start human testing by September.

Facebook offers US$100 mil to help virus-hit news media

Move comes amid closures of news organisations hit by lockdowns, cutbacks, slump in advertising revenue.

Abbott shares surge after it unveils 5-minute coronavirus test

Medical device manufacturer's kit has received emergency-use authorisation from the US FDA.

Thailand earmarks further US$15 bil for coronavirus crisis

Central bank expects the economy to contract 5.3% this year.

JPMorgan says market rout is probably past its worst now

Goldman Sachs however expects the market to turn lower in coming weeks.

Dutch flower industry continues to wither amid coronavirus meltdown

Flight cancellations, bans on public gatherings worldwide meant much of auction house's flowers were thrown out.

S. Korea to pay families hundreds of dollars to ease coronavirus...

President says citizens deserve to be rewarded for their pain and participation in preventive efforts.

Australia pledges A$130 bil over 6 months to safeguard jobs

Last week, Australia’s parliament rushed through more than A$80 bil in fiscal stimulus.

US investigating child labour in Ivory Coast cocoa supply chains

About 2.1 million children work in plantations in Ivory Coast and Ghana, the world's top 2 producers.

Oil-rich wealth funds seen shedding up to US$225 bil in stocks

Virus' rapid spread has cost sovereign wealth funds around US$1 trillion in equity losses.