covid-19

Analysis: Europe Inc’s wage hikes alarm investors as worries about recession grow

Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are…

3 years ago

Exclusive: GE lays off workers at onshore wind unit as part of turnaround strategy

General Electric Co is laying off workers at its onshore wind unit as part of a plan to restructure and…

3 years ago

Sri Lanka to present debt restructuring, IMF bailout plans to creditors

Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of its…

3 years ago

Oil falls more than 1.5% on demand fears and strong dollar

Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength…

3 years ago

Analysis: China’s mortgage boycott quietly regroups as construction idles

Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress…

3 years ago

Analysis: Europe’s banks dim lights as they brace for winter blackout

Some of Europe's biggest banks are preparing back-up generators and to dim the lights as they brace for potential power…

3 years ago

Japan’s services sector shrinks for first time in five months in August – PMI

Japan's services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections…

3 years ago

EXCLUSIVE Chinese defence firm has taken over lifting Venezuelan oil for debt offset -sources

China has entrusted a defence-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of…

3 years ago

Dollar General lifts sales forecast as inflation-hit Americans drive demand

Dollar General Corp (DG.N) lifted its annual comparable sales forecast on Thursday, encouraged by Americans flocking to discount store chains for everything…

3 years ago

Foxconn starts to feel sting of slowing smartphone sales

Apple (AAPL.O) iPhone assembler Foxconn (2317.TW) gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand…

3 years ago