Business

Singapore Airlines reports nearly $150 million virus loss

  SINGAPORE (AFP) -- Singapore Airlines reported an annual loss of almost $150 million Thursday, driven by the collapse in…

US department store JCPenney files for bankruptcy

  NEW YORK, United States (AFP) -- US department store JCPenney, which has not turned a profit since 2011, on…

WTO chief to step down early as global economic crisis rages

  by Nina LARSON Agence France Presse GENEVA, Switzerland (AFP) -- The World Trade Organization chief announced Thursday he will…

Saudi Aramco Q1 profit dives, says virus to hit 2020 results

RIYADH, Saudi Arabia (AFP) -- Energy giant Saudi Aramco on Tuesday reported a 25 percent slump in first-quarter net profits…

US suffers biggest job losses in history amid coronavirus pandemic

by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) -- With shops and factories closed nationwide due to the…

Lufthansa to resume some European services in June

  FRANKFUTR AM MAIN, Germany (AFP) -- German airline giant Lufthansa said Friday it will fly twice as many aircraft…

Virus crisis leaves thousands of cruise ship crew stuck at sea

    by Leila MACOR Agence France Presse The cruise industry has taken a beating during the coronavirus crisis --…

Asia equities turn negative as virus economic reality bites

  HONG KONG, China (AFP) -- Asian markets dropped Thursday as the economic reality of the coronavirus crisis became even…

PHL maintains BBB+ credit rating amid COVID-19 crisis

  (Eagle News) – The Philippine government has maintained its BBB+ credit rating despite the COVID-19 crisis. President Rodrigo Duterte…

US firms see worst outlook since financial crisis: survey

  WASHINGTON, United States (AFP) -- US businesses hit by the coronavirus are reporting declines in sales and investment for…

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