Business

Berlin travelbooking app Omio said on Wednesday it had raised $100 million in backing to expand its business and make acquisitions as the industry recovers from the blow dealt by the COVID19 pandemic.

A third of Japanese firms are reassessing using offices after a sharp drop in their utilisation in August from a year ago, as 65% of firms allowed or encouraged employees to work from home due to the coronavirus pandemic, a monthly Reuters poll showed.

Japan's Takeda Pharmaceutical Co Ltd is making final arrangements to sell its domestic overthecounter (OTC) business to U.S. investment fund Blackstone Group Inc, Kyodo News reported on Wednesday.

Asian shares climbed to a sevenmonth peak on Wednesday tracking the S&P 500, which scaled alltime highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic.

In a rare move, the Reserve Bank had superseded the board of the capital-starved lender and placed it under a moratorium.

Credit risks associated with climate change for nuclear power plant operators in the United States will rise over the next 10 to 20 years, Moody's Investor Service said on Tuesday.

More tech companies are launching software that oil and gas producers can use to measure their carbon emissions due to mounting investor pressure to curb greenhouse gases.

The national coin shortage has been an unusual side effect of the pandemic. Among its victims? Retailers, laundromats and even the tooth fairy.

Americans established trusted supply lines as the virus surged in new regions of the U.S. over the past few months and millions did so at Walmart, where online sales surged 97% in the second quarter.

An Australian Aboriginal group on whose land BHP and Rio Tinto mine iron ore said on Tuesday that gag clauses in land agreements have stopped traditional owners from publicly objecting to developments.

British grocery sales grew 14.4% in the 12 weeks to Aug. 9, representing a slight decline from last month's data as shopping habits eased back to normality after months of coronavirus lockdown, industry data showed on Tuesday.

Brazil's third largest chicken and pork processor Central Cooperativa Aurora Alimentos has confirmed local press reports on Monday evening that Hong Kong had blocked imports from its chicken plant in Xaxim, Santa Catarina state, over coronavirus concerns.

While Bengaluru and Mumbai moved up by one place each, Delhi jumped five notches as compared with the previous report of Q1, 2020. The capital value increased 0.6 per cent in Bengaluru and 0.3 per cent in the national capital, but fell 0.6 per cent in Mum...

Thailand's economy suffered its biggest annual contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP forecast for the year and announce more stimulus.

Singapore's finance minister on Monday unveiled more economic support measures worth about S$8 billion ($5.8 billion) to cushion the blow from the COVID19 pandemic on businesses and workers.

Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses.