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South Korea says North Korea's Kim may be trying to avoid coronavirus
Fear of catching the coronavirus could have kept North Korean leader Kim Jong Un away from state ceremonies for a key holiday in mid-April.
World
Mysterious 2,819% Stock Rally Has Traders Scratching Their Heads
An Abu Dhabi-based investment holding company is leaving traders and investors scratching their heads after a 2,819% surge in its stock in the past 12 months with very low trading volumes.
Tesla's Musk says ready for arrest as he reopens California plant against local order
Tesla CEO Elon Musk on Monday said production was resuming, defying an order to stay closed and saying if anyone had to be arrested it should be him.
China, U.S. negotiators agree to push implementation of bilateral trade deal
Top U.S. and China’s trade officials pledged to create the most favorable conditions for the implementation of the bilateral trade deal and cooperate on the economy and public health.
- U.S. forced labor laws strain China-dependent garment supply chains 1
- Southeast Asia's internet economy growth to slow in 2023 2
- Southeast Asia's fintechs fill lending gap with data 3
- Thai, Singapore tech firms surge in market value 4
- Global rice supplies tighten after India's July export ban 5
- Domino effect: India rice export ban puts market on edge for copycat curbs 6
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India Looks to Lure More Than 1,000 U.S. Companies Out of China
India is seeking to lure U.S. businesses to relocate from China as President Donald Trump’s administration steps up efforts to blame Beijing for its role in the coronavirus pandemic.
Chastened Samsung heir will not hand the company down to his children
Samsung's de facto leader Lee Jae-yong says he will not be handing the company's management over to his children.
Airbnb to Cut 25% of Workforce as Coronavirus Stalls Global Travel
Airbnb is forecasting revenue this year at less than half 2019’s level and cutting 1,900 employees amd ‘the most harrowing crisis of our lifetime.’
Nissan Warns of Loss Due to Pandemic, Delays Earnings Report
Nissan Motor Co. warned that it expects to post a loss for the fiscal year that ended in March because of the impact from the coronavirus pandemic.
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Global $6 Trillion Slump May Be Optimistic, Economists Warn
The coronavirus pandemic will cause the global economy to shrink 4% in 2020, according to a Bloomberg Economics estimate that assumes a recovery starts in the second half of the year.
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McDonald’s, Subway and Starbucks to join digital yuan test scheme
The US chains McDonald’s, Subway and Starbucks will join 16 local businesses participating in a pilot program for China’s upcoming digital yuan, state-backed media reported.
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Russia cuts key interest rate and slashes forecasts as coronavirus and oil price plunge take ...
The move comes as the spread of the coronavirus pandemic and a historic plunge in oil prices of late pose unprecedented threats to the Russian economy.
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Global remittances projected to fall 20% this year on coronavirus ...
Global remittances are expected to decline by about 20% in 2020, sharpest decline in history on economic crisis induced by the COVID-19 pandemic and shutdown, World Bank said in a report.
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Huawei 1Q revenue growth slows to 1.4% from 39% amid US ban, ...
Chinese tech giant announced it saw a 1.4% year-on-year increase in first quarter revenue amid coronavirus pandemic and US ban, the company said in a statement.
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Negative $40 oil reflects panic - and U.S. crude market economic ...
Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that coronavirus pandemic has sapped demand for fuel.
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Oil Plunges Below $5 With Traders Fleeing Expiring Contract
Oil plunged below $5 a barrel as coronavirus ravages global economies, threatening to erase an entire decade of demand growth, slashing thousands of jobs and wiping out hundreds of billions of dollars.
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Singapore’s Daily Virus Infections Top 1,000 For First Time
The number of daily coronavirus cases in Singapore topped 1,000 for the first time since the pandemic began, as an outbreak among migrant workers living in shared dormitories continued to surge.
