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IKEA says visitors returning fast to reopened shopping centres in China and Germany

Furniture brand IKEA's main retail vehicle said on Friday shoppers were returning quickly to its shopping centres after it reopened three in China last week, and one in Germany this week - its first four to open after closures due to the coronavirus.



5 years ago

Businesses slowed paying their bills in March, but spent a whole lot on technology, data shows

As the economy shut down, businesses diverted spending to technology, while cutting back more broadly, including on payments to suppliers.

5 years ago

Indecisive EU to force ECB into more emergency action

After another disappointing EU summit, the European Central Bank finds itself in a familiar position as the leading saviour of the euro, once again being called upon to push out its boundaries while politicians bicker.



5 years ago

Picking a side hustle for your pandemic extra cash

A side hustle can bring in some much-needed cash during the pandemic. These gigs allow for social distancing.

5 years ago

Nestle CEO not getting carried away by strong first-quarter sales growth

Nestle Chief Executive Mark Schneider warned on Friday against reading too much into the company's first-quarter results, which marked its best quarterly growth for nearly five years as customers stockpiled food to deal with coronavirus shutdowns.



5 years ago

AmEx quarterly profit plunges 76% on $1.7 billion reserve build

Credit card issuer American Express Co posted a 76% drop in quarterly profit on Friday, as it set aside $1.7 billion to brace itself against potential non-payments due to a wave of coronavirus-led layoffs.



5 years ago

Singtel secures $3 billion in bank credit for subsidiaries

Singapore Telecommunications' (Singtel) subsidiaries have secured close to $3 billion in bank credit facilities, it said on Friday.



5 years ago

Georgia forges ahead with reopening despite disapproval of Trump, pandemic experts

Georgia pushed ahead with its plan to become the first U.S. state to allow an array of merchants to reopen on Friday following a month-long shutdown to stanch the coronavirus outbreak, even though both U.S. President Donald Trump and health experts voiced disapproval.



5 years ago

Senator Rubio: new small business aid program to launch Monday

The U.S. Small Business Admininstration will make additional coronavirus-related financial assistance available to small businesses beginning on Monday, a top Republican senator said.



5 years ago

French court upholds ruling limiting Amazon deliveries during COVID-19 crisis

A French court on Friday rejected U.S. online retailer Amazon's appeal against a ruling that restricts what it can deliver during the coronavirus crisis.



5 years ago

Global equities edge higher as oil continues rebound

Global equity benchmarks edged higher on Friday as investors weighed a slight gain in oil against concerns that further stimulus measures by the European Union to combat the economic damage from the coronavirus pandemic could be delayed until next year.



5 years ago

Truck maker Volvo profit falls less than expected amid pandemic pain

Sweden's AB Volvo reported a smaller-than-expected fall in quarterly operating earnings on Thursday as service sales held up in the face of tumbling sales and orders of its trucks as demand evaporated in the face of the coronavirus.



5 years ago

Oil surges as producers trim output to respond to demand loss

Oil surged on Thursday amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the U.S. state of Oklahoma also moved to help oil firms pump less.



5 years ago

Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand

South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit demand in China and due to losses at its financial business.



5 years ago

UK's Aston Martin plans to restart St Athan unit, cuts executives' pay

Aston Martin said on Thursday it plans to restart its St Athan factory in south Wales on May 5 and will also resume operations at Gaydon later, after the coronavirus-led shutdowns forced the luxury car maker to suspend production at both sites.



5 years ago