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MANILA: Two groups are interested in upgrading the Philippines’ main airport in Manila after a consortium of tycoons said its 102 billion-peso (US$2.1bil) proposal was no longer bankable amid the pandemic.
DUBAI: Emirates laid off more pilots and cabin crew this week in another round of job cuts as the Gulf airline shrinks its workforce due to the coronavirus pandemic, four sources said.
KUALA LUMPUR: Malaysia’s sovereign wealth fund Khazanah Nasional Bhd. plans to increase its exposure to developed markets as the impact of the pandemic has pressured valuations.
LONDON: Chancellor of the Exchequer Rishi Sunak will unveil a £2bil (US$2.5bil) programme to pay the wages of more than 200,000 young workers as he tries to pull the UK economy out of the deepest slump in centuries.
KUALA LUMPUR: The moratorium on loan repayments by financial institutions, which took effect on April 1 as part of the PRIHATIN Rakyat Economic Stimulus Package (PRIHATIN), is estimated to have reached RM51.4 billion as at July 6.
WASHINGTON: U.S. President Donald Trump's administration touted its $660 billion small business pandemic aid program this week as a "wild success, " unveiling data that showed the initiative saved 51 million jobs.
MUNICH: Bayer AG’s plan for handling future Roundup cancer claims hit a snag when the judge asked to oversee the yet-to-be filed lawsuits over the popular weedkiller expressed skepticism about the proposal’s legal validity.
WASHINGTON: A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how US$521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous
NEW YORK/WASHINGTON: A U.S. court ordered the shutdown of the Dakota Accessoil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and green groups who fought the major pipeline's route across a crucial water supply for years.
LONDON: British online fashion retailer Boohoo will end relationships with any supplier found to have breached its code of conduct, it said on Monday following a media report about poor working conditions in one factory in England.