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Moscow: Russian oil giant Rosneft, run by a close ally of president Vladimir Putin, is wielding growing influence over Russia’s remaining independent media outlets, already squeezed by tightening press freedoms and pressure from the Kremlin.
WASHINGTON: The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the weight of consumer fear and social distancing for a year or more in a prolonged climb from a deepening hole.
HONG KONG: Hong Kong's flagship English-language newspaper, the South China Morning Post, owned by Alibaba Group Holding Ltd, will cut senior management pay and ask staff to take unpaid leave for three weeks, a staff letter obtained by Reuters showed.
AFTER watching Prime Minister Tan Sri Muhyiddin Yassin’s announcement on the enhanced stimulus package for SMEs, my various chat groups came alive with all kinds of comments and opinions. In particular, one chat group which comprises experienced retired senior bankers, entrepreneurs and senior business journalists (all about the same age of 60 and above) stood out for its wisdom and sharp foresight.
AMSTERDAM: Relatives sat listening with bowed heads and eyes closed as the names of all 298 victims of a missile strike on a Malaysian airliner were read out in a Dutch court on Monday as the murder trial of four fugitive defendants began.
AMSTERDAM: Four fugitive suspects go on trial in the Netherlands on Monday charged with the murder of 298 passengers and crew aboard Malaysia Airlines Flight 17, shot down with a Russian-made missile over eastern Ukraine in July 2014.
PARIS: The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how they operate in a globalised economy, the OECD’s chief economist Laurence Boone said.
FRANKFURT: BMW on Tuesday said its China sales have taken a hit this year because of the new coronavirus, but stuck to its target for growing passenger car sales for the year, and said its global supply chain has not been disrupted.
PARIS: Hermes International Chief Executive Officer Axel Dumas said it’s too early to predict when the Chinese market will recover as the spread of the coronavirus hammers luxury spending there.