The U.K. has now surpassed Italy as the worst-hit country in Europe and is second only to the U.S. for Covid-19-related deaths worldwide, according to the official statistics for each country.
Last year, Disney's Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company's biggest drag on earnings, thanks to the Covid-19 outbreak.
United Airlines plans to cut at least 3,400 management and administrative positions in October as the coronavirus pandemic crushes air travel demand, and has told pilots to brace for changes as well, according to two memos seen by Reuters.
In 1920, alcohol was famously outlawed in the U.S. Today, we raise our glasses with these six classic drink recipes provided by bars from around the globe.
Kingsoft Cloud's IPO comes amid a tough stock market environment due to the coronavirus pandemic and as scrutiny of Chinese listings in the U.S. intensifies following revelations of fraud at coffee chain Luckin Coffee.
Indonesia's economy grew 2.97% year over year in the first quarter — the weakest growth rate since the first three months of 2001, reported Reuters, citing data by the country's statistics bureau.
Among the latest disputes between the U.S. and China is the origin of the coronavirus, which has infected more than 3 million people and killed over 250,000 globally, data by Johns Hopkins University showed.
Vietnam may be able to avert a recession this year as the country is getting back to work and school after early coronavirus containment measures, said Sian Fenner, lead Asia economist at Oxford Economics.
New Zealand's government claims the country could have seen thousands of coronavirus cases every day if strict lockdown measures hadn't been implemented.
Bankers and government officials already expect bad debt to potentially double as the outbreak brought economic activity to an abrupt halt, Reuters reported.
In April, SoftBank said it would not press ahead with the tender offer because several pre-conditions had not been met, frustrating WeWork's minority shareholders, who were expecting a payout
The State Department did not provide any immediate comment on the alleged arrests. U.S. officials have strongly denied any U.S. government involvement in the incursions.
The principles, honed over two decades, can keep your career ambitions on course even during hard times, says London Business School professor, Herminia Ibarra.