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SYDNEY,: Qantas Airways Ltd on Thursday announced fresh cost-cutting initiatives to help it weather the coronavirus crisis but said its debt levels had peaked and were beginning to reduce as it swung to a cash-flow positive position in the second half.
THE HAGUE: The Dutch government said it would put on hold its bailout plan to KLM, the Dutch arm of Air France-KLM, after the airline’s pilots rejected a demand that their wages be frozen until 2025, Dutch finance minister Wopke Hoekstra said.
(Reuters) - Prime Minister Boris Johnson ordered England back into a national lockdown after the United Kingdom passed the milestone of one million COVID-19 cases and a second wave of infections threatened to overwhelm the health service.
SINGAPORE July 4 (Bloomberg): Temasek Holdings Pte’s biggest equity shareholdings and those of its subsidiaries have plunged almost US$24 billion since January as the spreading coronavirus sends markets into spasms.
SINGAPORE: Temasek Holdings Pte denied speculation that Chief Executive Officer Ho Ching makes S$100mil (US$70mil) a year. "This claim is false,” the Singapore state investor said in a rare statement addressing the pay of the top executive, who’s also Prime Minister Lee Hsien Loong’s wife.
SINGAPORE: Temasek Holdings Pte, Singapore’s state-owned investment firm, is implementing a company-wide wage freeze and asking senior management to take voluntary pay reductions for up to a year amid the coronavirus outbreak.
SYDNEY: For big business, the impact of the new Covid-19 coronavirus epidemic is already being felt worldwide.
SINGAPORE: Temasek Holdings Pte, Singapore’s state-owned investment firm, is implementing a company-wide wage freeze for an as yet undetermined period and asking senior management to take voluntary pay reductions for up to a year amid the coronavirus outbreak.
TUNIS (Reuters) - Several thousand Tunisian lawyers demonstrated on Tuesday in front of the prime minister's office, with some demanding his resignation as they escalated a protest against widely unpopular new taxes that will hit them and other high-end professions.