June 11, 2020

Oil prices hit by record U.S. crude inventories, bearish Fed

Oil prices fell on Thursday, hit by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would […]
June 11, 2020

Nokia to replace also CFO in management revamp

Finnish telecoms network maker Nokia said on Thursday it has appointed Marco Wiren as chief financial officer following changes of its chairman and chief executive this […]
June 11, 2020

Asia stocks break winning streak, bonds rally on sober Fed

Asian shares swung lower on Thursday while bonds rallied after a downbeat economic outlook from the U.S. Federal Reserve stoked speculation it would have to add […]
June 11, 2020

Despite pandemic, new U.S. solar capacity will grow 33% in 2020

New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more […]
June 11, 2020

‘Fifty drivers fight for one order’: Southeast Asia gig economy slammed by virus

Indonesian motorcycle taxi driver Aji chain-smokes and checks his smartphone constantly while waiting for orders by the roadside in downtown Jakarta on a hot June morning, […]
June 11, 2020

Factbox: How ride-hailers around the world are coping with the virus pummeling

Battered by lockdowns and movement restrictions in the coronavirus pandemic, ride-hailers around the world are cutting jobs and pay, and slashing other costs. In Southeast Asia, […]
June 11, 2020

Zoom suspends U.S.-based activists’ account after Tiananmen event

Zoom Video Communications temporarily shut the account belonging to a group of U.S.-based Chinese activists after they held an event to commemorate the 31st anniversary of […]
June 11, 2020

U.S. weekly jobless claims seen declining further, but millions still unemployed

Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could […]
June 11, 2020

Walmart to stop keeping ‘multicutural’ beauty products in locked display cases

Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak online […]
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