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PARIS: Renault SA plans to eliminate about 14,600 jobs worldwide and lower production capacity by almost a fifth as part of cost reductions aimed at outlasting the downturn that has rocked the global auto industry.
AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
WHILE millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years.
(Reuters) - When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
TOKYO: Japan's labour market in April appeared to be weathering a severe slowdown in economic activity due to the coronavirus pandemic, but a closer look at official data released on Friday revealed a less rosy picture.
PARIS (Reuters) - Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures including plans to cut 15,000 jobs worldwide.
KOTA KINABALU: The government must put in place a special stimulus package for the tourism industry to recover amid closures of hotels and other related businesses in the country.
TOKYO (Reuters): The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning
JAKARTA (The Jakarta Post/ANN): The Maritime Affairs and Fisheries Ministry has proposed a Rp1.02 trillion (US$69 million) stimulus package to aid small scale fishermen and aquaculture farmers affected by the Covid-19 pandemic.
TOKYO (Reuters) - The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.