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HONG KONG (Bloomberg) -- A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs.
SINGAPORE: The world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through Asia’s top economy, with China’s premier industry grouping warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic”.
HONG KONG: Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity.
SYDNEY: Chinese consumption, a key growth driver in an economy transitioning from investment, is set to take a blow from the coronavirus outbreak that hit just as millions of people set out on vacation, S&P Global Ratings said.
NEW YORK : The former chief of staff to ousted WeWork CEO Adam Neumann has accused him and the company of discrimination, saying she feared for the health of her unborn baby because of Neumann's penchant for smoking marijuana on chartered planes.
HONG KONG: The first week of October – China’s national holiday break during which millions head out on vacation – marks one of the busiest periods for Hong Kong’s tourism and retail industry.
BEIJING: The first week of October -- China’s national holiday break during which millions head out on vacation -- marks one of the busiest periods for Hong Kong’s tourism and retail industry.