MAS advises financial institutions to implement safe distancing measures amid Covid-19 outbreak

SINGAPORE (THE BUSINESS TIMES) – The Monetary Authority of Singapore (MAS) has issued an advisory to all financial institutions in Singapore, telling them to implement “safe distancing measures in all aspects of their business operations, especially customer touch points”. In a bid to reduce the risk of further local transmission of Covid-19, these institutions have been asked to strengthen measures […]

Read more

H&M scraps dividend due to coronavirus as all costs under review

STOCKHOLM (Reuters) – Sweden’s H&M (HMb.ST), the world’s second largest clothing retailer said on Monday it had decided to scrap its proposed dividend due to the coronavirus outbreak, and that it was reviewing all parts of its operations, including all costs. “At the moment, a total of 3,441 of the group’s 5,062 stores are closed, which together with subdued demand […]

Read more

Coronavirus: Central bank stimulus limits losses as West nears lockdown

A renewed stock market slump is being challenged by new central bank intervention as business activity across the Western world winds down because of coronavirus. There were widespread losses across Asia overnight and in morning trading across Europe linked to the COVID-19 outbreak. Chief among the worries is the shut down of normal life as we know it, given the […]

Read more

PG&E utility to plead guilty to involuntary manslaughter over 2018 fire

(Reuters) – PG&E Corp (PCG.N) said on Monday its utility unit agreed to plead guilty to 84 involuntary manslaughter counts in connection with the 2018 Camp Fire, the most destructive fire in California’s history. In a regulatory filing, PG&E said the plea by its Pacific Gas & Electric unit was part of a March 17 plea agreement with California and […]

Read more

Rout resumes as more nations self-isolate against virus

LONDON/SYDNEY/HONG KONG (Reuters) – Financial markets around the world took another hammering on Monday as a rising tide of national coronavirus lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion what is likely to be a deep global recession. European stocks dived 4.5% as they reopened and commodity markets also saw more heavy selling as the global death toll from […]

Read more

Coronavirus: Sir Richard Branson pledges £215m boost to protect Virgin jobs

Sir Richard Branson has vowed to invest £215m into his Virgin business to protect jobs following the outbreak of the coronavirus. The businessman made the pledge in a blog post in which he said his companies, which include travel and leisure, were in a “massive battle to survive”. He said COVID-19 was “the most significant crisis the world has experienced” […]

Read more

Boeing worker at Everett plant dies from coronavirus: Seattle Times

CHICAGO (Reuters) – A worker at Boeing Co’s (BA.N) Everett factory outside Seattle who had the coronavirus has died, the Seattle Times reported on Sunday, citing co-workers, a union official and a Facebook post by the man’s brother. Reuters reported last week that the U.S. planemaker has been considering a temporary work stoppage at the Everett factory, where it makes […]

Read more

U.S. Senate races to agree on massive coronavirus relief package

WASHINGTON (Reuters) – Republicans and Democrats in the U.S. Senate on Saturday scrambled to complete a deal on a $1 trillion-plus bill aimed at stemming the coronavirus pandemic’s economic fallout for workers, industries and small businesses. But after a second day of marathon closed-door negotiations, there was no sign of an overarching deal between negotiators, despite Republicans’ claims of bipartisan […]

Read more
1 127 128 129 130 131 141