Business News

Black Lives Matter: Jeff Bezos Shares 'Hatred-Ridden' Email from Angry Amazon Customer

After receiving the email from a man, Jeff Bezos said he is the kind of customer Amazon is "happy to lose"

Jun 8, 2020

By Bhaswati Guha Majumder

A man walks past a Singapore Airlines signage at Changi Airport in Singapore

Singapore Airlines Raises $10 Billion in Fresh Funding; No Plans to Trim Jobs Amid Pandemic

The carrier has also arranged new committed lines of credit and a short-term unsecured loan with a large number of banks.

Jun 8, 2020

By R. Ghosh

Coronavirus

Trade Surplus in China Rockets as Imports Fall in May

Chinese foreign trade fell 0.7% year-on-year resulting in an increase in the Chinese international commercial activity

Jun 7, 2020

By IBTimes SG Desk

Volkswagen Considering More Cost Cuts to Cope With Downturn

The group's net liquidity is going to 'continue to decline at least until July due to weak demand', the magazine, citing participants at the event, quoted Diess

Jun 6, 2020

By Reuters

Coronavirus

Digital Sports Outlet 'The Athletic' Lays Off 8% of Its Staff

The Athletic will also be asking the rest of the staff to take pay cuts due to uncertainties arising out of Coronavirus pandemic

Jun 6, 2020

By IANS

In a Fitting Reply to Upset Customer, Jeff Bezos Defends Amazon's Black Lives Matter Message

Bezos, who's also the world's richest person, said that he did not intend to minimize worries anyone else has in their lives

Jun 6, 2020

By R. Ghosh

Amazon prime

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

OPEC and Russia Meet to Extend Record Oil Cuts, Push for Compliance

OPEC+ previously agreed to cut supply by a record 9.7 million barrels per day during May-June to prop up prices

Jun 6, 2020

By Reuters

Serena Williams, Fiancé Alexis Ohanian welcome baby girl!

Who is Alexis Ohanian? Will Reddit Replace Serena Williams Husband with Black Candidate on Board?

Alexis Ohanian, the co-founder of Reddit, renounces his position on the board of the company; seeks the appointment of a black man.

Jun 6, 2020

By Anu James

US Employment in Government Declines Sharply but Unemployment Rate Drops in May as Economy Reopens

US unemployment rate dropped slightly in May as businesses have gradually reopened across the country, shows new data

Jun 6, 2020

By IANS

Coronavirus

George Floyd Death: Minneapolis and California ban police chokeholds and neck restraints

Police officers are now required to intervene if they see another officer using unauthorized chokeholds or neck restraints.

Jun 6, 2020

By R. Ghosh

Black Lives Matter, Will Address Racial Injustice: Facebook CEO Mark Zuckerberg

Facebook CEO Mark Zuckerberg addressed the growing unrest among the employees over the poor handling of controversial posts by US President Donald Trump

Jun 6, 2020

By IANS

Mark zuckerberg Facebook

OPEC+ to Meet Saturday on Extending Cuts, Pushing for Compliance

The producers are known as OPEC+ previously agreed to cut supply by 9.7 million barrels per day during May and June to prop up prices that fell due to the COVID-19 crisis

Jun 5, 2020

By Reuters