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AirAsia likely to have another round of retrenchments
KUALA LUMPUR: Low-cost airline AirAsia Bhd may again be laying off a few hundred employees as it seeks to survive in an industry hit hard by the Covid-19 crisis.
India’s top court approves 10-year rescue plan for telcos
NEW DELHI: India’s top court approved a 10-year payment plan for telecom companies to clear combined back-fees worth 1.4 trillion rupees (US$19bil), a ruling that may give cash strapped Vodafone Idea Ltd some room to maneuvre.
Your air travel experience will never be the same
THE British romantic comedy “Love Actually” is saccharine, and occasionally creepy, but it’s hard not to be touched by the documentary footage that bookends the movie of families and friends embracing in the arrivals hall of London’s Heathrow airport.
Black Death makes us think about interest rates
All upheavals leave their marks. Some fade away, some linger. Following the Black Death, the plague that’s believed to have killed 60% of Europe’s population in the second half of the 14th century, the realisation that life is short, played a big role in shaping interest rates in late medieval Europe, stretching all the way to the Enlightenment.
Retail in a lifeboat situation
AFTER all this is over, life with its different departments will not be the same again. What we go through is nothing compared with what happened in Wuhan, China, Bergamo, Italy or Spain.
Australian PM says stimulus package will be announced soon
SYDNEY: Australian Prime Minister Scott Morrison said on Tuesday the government will soon announce measures to stimulate an economy hammered by the effects of the coronavirus outbreak, as the local share market came in for another turbulent session.
Dutch trial over downing of flight MAS MH17 to start without suspects
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.
Vodafone India future clouded after court snub; shares dive
NEW DELHI: Vodafone Group Plc’s India venture plunged by a record on prospects of having to pay the government $4 billion in back-fees as early as next week, highlighting concerns over the future of the beleaguered mobile carrier.
Strategist: Equities outlook in next 3-6 months good
KUALA LUMPUR: Following a period of downgrades, the coming three to six-month outlook for global equities, credit and other income-generating assets looks favourable, based on stabilising global growth and significant US-dollar liquidity injections by the US Federal Reserve (Fed) into the global financial system, says Standard Chartered Private Bank chief investment strategist Steve Brice.
Growing pains hit Cambodia’s businesses for good
A SNIPPET of Leakena’s life is written on a pair of jeans. It marked the high point in a tale of redemption: from being exploited and ostracised to working a steady job making US$250 (RM1,041) jeans for a boutique manufacturer in rural Cambodia, with enough spare time and money to raise two children.
