Business

Japan economy shrinks record 7.8% in April-June

  by Hiroshi HIYAMA Agence France Presse TOKYO, Japan (AFP) -- Japan's economy shrank a record 7.8 percent in the…

UK in record recession after economy shrinks by fifth

by Jean-Baptiste OUBRIER LONDON, United Kingdom (AFP) -- Britain's economy shrank by a fifth in the second quarter, higher than…

Indonesia’s virus-hit economy contracts for first time in two decades

JAKARTA, Indonesia (AFP) -- Indonesia's economy contracted in the second quarter for the first time in more than two decades…

American Airlines reports 2Q loss as COVID-19 hits demand

NEW YORK, United States (AFP) -- American Airlines became the latest US carrier to report a hefty second-quarter loss, but…

Cathay Pacific warns of US$1.3 billon loss in first half

HONG KONG, China (AFP) -- Hong Kong carrier Cathay Pacific issued a profit warning on Friday, estimating it will suffer…

Asian markets hit by new lockdown, fresh China-US tensions

HONG KONG, China (AFP) -- Fears over a spike in infections around the world, the reimposition of containment measures and…

Emirates airline to cut up to 9,000 jobs: report

DUBAI, United Arab Emirates (AFP) -- Emirates airline has cut a tenth of its workforce during the novel coronavirus pandemic…

United Airlines says could lay off as many as 36,000 employees

NEW YORK, United States (AFP) -- United Airlines warned Wednesday it could lay off as many as 36,000 workers on…

President Duterte favors slow, “very circumspect” reopening of the economy

  (Eagle News) – President Rodrigo Duterte said that the country should be “very circumspect” in reopening the economy as…

Indonesia’s Lion Air slashes 2,600 jobs as virus bites

JAKARTA, Indonesia (AFP) -- Indonesia's Lion Air Group is slashing 2,600 jobs as the coronavirus pandemic hammers Southeast Asia's biggest…

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