Business News

President Trump Signs Order Banning Police Chokeholds, Says 'Bad Cops' Will be Accountable

The new order allows police departments to track officers who have been accused of using excessive force.

Jun 17, 2020

By R. Ghosh

Oil Prices up 4% on Supply Cuts, Improving Demand

The OPEC+ agreed in this month for extending the production of the cuts of 9.7 million bpd through July

Jun 16, 2020

By Reuters

Coronavirus

IMF Sees 'Profound Uncertainty' About the Global Recovery

Gopinath mentioned that the current economic crisis was more global and playing out differently than past crises

Jun 16, 2020

By IBTimes APAC Desk

Will oil price stay higher after Opec-Russia output reduction?

Iraq Lowers Oil Exports, Gets Closer to OPEC+ Target: Report

The figures of June suggest while Iraq is making progress, it has yet to completely fulfill the pledge

Jun 16, 2020

By Reuters

T-Mobile Faces FCC Investigation After Extended Outages Paralyze Voice, Text Services Across US

T-Mobile said it was working to fix a widespread "voice and data issue" and the service would be back to normal at the earliest.

Jun 16, 2020

By R. Ghosh

FDA Stops Emergency Use of Hydroxychloroquine as it 'Weakens' Effectiveness of Remdesivir

The FDA also asks caregivers to instruct patients to reveal if they are taking hydroxychloroquine or chloroquine.

Jun 16, 2020

By R. Ghosh

Coronavirus

Mattress Business In US Bounces Back From COVID-19 Shutdown Struggles

Millions of small businesses in the country face an uncertain future after the novel coronavirus pandemic shut down nearly all kinds of businesses

Jun 15, 2020

By IBTimes APAC Desk

Fears of Second Wave of Coronavirus Rattle Global Markets, Stocks Fall

The pan-European STOXX 600 fell 2.5 percent with all sectors, while Japan's Nikkei fell 3.5 percent and South Korean shares tumbled 4.8 percent

Jun 15, 2020

By Reuters

H&M Says Recovery Uneven After March-May Sales Tumble 50%

The multinational clothing-retail company said 18 percent of 5,058 stores remain closed temporarily.

Jun 15, 2020

By Reuters

Charging Points Surge Ahead of Electric Car Boom

The increase reflects efforts to build infrastructure ahead of an expected boom in electric vehicle (EV) sales, which accounted for just 1 percent of global car stock last year

Jun 15, 2020

By Reuters

A shop assistant arranges jars containing roots and herbs at a Chinese medicine shop in Singapore

Trade of Lion Bones for Chinese Medicine Could Spark New Type of Coronavirus?

Use of lion bones is an alternative to tiger bones but its demand has increased in recent years due to a ban on tiger products

Jun 15, 2020

By Bhaswati Guha Majumder

Coronavirus

Singapore's OCBC Group Says it Will Hire 3,000 New Staff Across Sectors This Year

Singapore bank DBS had said in May that it would hire more than 2,000 people in the country this year.

Jun 15, 2020

By R. Ghosh

Coronavirus

Saudi Aramco Buys SABIC Shares on Market As It Completes Acquisition

Aramco had been looking to restructure the deal after SABIC's market value fell more than 40% due to an oil price slump

Jun 14, 2020

By Reuters

Australian Prime Minister Scott Morrison

Australia to Spend $1 Billion More on Infrastructure, Fast-Track Projects - PM to Say

In the month of March, Australia shut down large swathes of its economy to slow the spread of the novel coronavirus

Jun 14, 2020

By Reuters

Amazon's Business Practices Under Scrutiny in California and Washington

United States investigators in both California and Washington are examining Amazon's business practices

Jun 13, 2020

By Reuters

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