Business & Finance - Industries & Sectors

Emirates Airline says to cut ‘a few’ jobs over virus

Emirates Airline says to cut ‘a few’ jobs over virus

The Dubai carrier employs a workforce that is around 100,000-strong. We reviewed all possible scenarios in order to sustain our business operations. DUBAI: Emirates Airline...

Saudi aramco sets June propane price at $350 a tonne, butane at $330 a tonne

Saudi aramco sets June propane price at $350 a tonne, butane at $330 a tonne

Aramco has set June butane prices at $330, down from $340 the previous month. DUBAI: Saudi Arabian state oil giant Aramco has set its June...

China’s May factory activity expands for third straight month

China’s May factory activity expands for third straight month

China's economy shrank 6.8pc in the March quarter from a year earlier as the outbreak and tough containment measures paralysed activity. While much of...

JBS gets court nod to reopen Brazil plant closed over COVID-19 outbreak

JBS gets court nod to reopen Brazil plant closed over COVID-19 outbreak

The plant, which employs about 1,500 people and had been closed since May 18 following an outbreak of the novel coronavirus, can process about...

South Africa to allow domestic air travel for business from June 1

South Africa to allow domestic air travel for business from June 1

 The country has been largely shut since a nationwide lockdown began in late March. South Africa has reported 29,240 cases of the new coronavirus,...

Wells Fargo reveals new risk management structure

Wells Fargo reveals new risk management structure

The company said it would also search for CROs for its commercial, consumer and small business, and investment banking arms and also for its...

Wizz Air expands in western Europe as crisis brings opportunities

Wizz Air expands in western Europe as crisis brings opportunities

Wizz's expansion comes as rival airlines announce job cuts and shrink their fleets to survive the pandemic, which for the last ten weeks has...

Morgan Stanley planning to bring back traders to New York HQ in June

Morgan Stanley planning to bring back traders to New York HQ in June

The Wall Street bank expects that only a small number of traders and workers in other departments will make use of the option. Morgan Stanley...

Sanofi stops enrolling COVID-19 patients in hydroxychloroquine trials

Sanofi stops enrolling COVID-19 patients in hydroxychloroquine trials

Sanofi to no longer supply anti-malaria drug to treat COVID-19 patients WHO paused its study into drug amid safety concerns PARIS: Sanofi has temporarily stopped...

Airbag maker Autoliv expects car industry recovery to be bumpy ride

Airbag maker Autoliv expects car industry recovery to be bumpy ride

The car industry has been thrown into a deep crisis as widespread lockdowns in many key markets due to the coronavirus hammered demand and...

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