UK extends 80pc wage subsidies as England goes back into lockdown
LONDON: Britain’s government will extend by a month its costly coronavirus wage subsidies to ensure workers who are temporarily laid off receive...
Amazon tells India regulator its partner Future Retail is misleading public
NEW DELHI: Amazon.com Inc AMZN.O has complained to India's market regulator that its local partner Future Retail Ltd FRTL.NS misled shareholders by incorrectly saying it...
Exxon to cut 14,000 global jobs as pandemic hurts demand
Exxon Mobil Corp said on Thursday it could cut the number of global employees by 15pc and would lay off about 1,900...
Saudi Arabia to abolish decades old kafala sponsorship system
Saudi Arabia plans to cancel a foreign worker sponsorship system, known as kafala, and replace it with a new form of contract...
China vows to speed up green, low-carbon development
BEIJING: China will speed up and promote green low-carbon development and be more efficient in its use of resources, the ruling Communist...
Global Markets: Asia’s Covid control tempers global stock selloff, US futures jump
SINGAPORE: Asia’s stock markets fell on Thursday, but without the panic selling seen in Europe and the United States, while U.S. futures...
Oil extends losses on renewed coronavirus lockdowns, over-supply worries
SINGAPORE/MELBOURNE: Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments’ renewed restrictions to curb a second...
Britain’s Heathrow Airport loses European crown during pandemic
LONDON: London’s Heathrow is no longer Europe’s busiest airport, ceding its long-held crown to Paris during the pandemic and blaming government inaction...
Tesla autopilot ‘a distant second’ to GM’s super cruise in hands-free test
DETROIT: General Motors Co's GM.N Super Cruise once again edged Tesla's TSLA.O Autopilot in an evaluation of 17 vehicles equipped with active driving assistance systems...
Global stocks tumble as lockdown fears grip investors
LONDON: Shares around the world tumbled on Wednesday as coronavirus infections grew rapidly in Europe and the United States, igniting fears of...
Facebook’s top India lobbyist Ankhi Das quits after content row
NEW DELHI: Facebook Inc’s top India lobbyist Ankhi Das has quit, months after a newspaper report suggested the way the social media...
British Airways’ 747 to be turned into cinema
LONDON: One of the last 747 jumbos flown by British Airways has been saved from the scrapyard, and will be converted into...
US stock market braces for rocky week ahead of contentious election
NEW YORK: Wall Street faces a rocky run-up to Election Day, with mounting worries about the outcome in Washington adding to nerves...
Turkish leader backs boycott of French goods over cartoon row
PARIS/ANKARA: Turkish leader Tayyip Erdogan asked his compatriots to stop buying French goods on Monday in the latest expression of anger in...
Over half of Europe’s SMEs may be bankrupt in a year: survey
DÜSSELDORF: More than 50 per cent of small and medium-sized businesses (SMEs) operating in Europe’s top-five economic powerhouses fear they will have...