Asia equities fluctuate after vaccine rally, eyes on Capitol Hill

HONG KONG: Asian investors traded cautiously Wednesday after the previous day’s strong rally, with optimism over a possible vaccine tempered by profit-taking and concerns about the slow progress being made by US lawmakers in drafting a new stimulus package. News that trials on a COVID-19 vaccine had shown early promise provided a much-needed boost to […]

De Beers rethinks business after diamond collapse exposes cracks

London: De Beers is considering ways to restructure mines, expand in jewelry and overhaul diamond sales, as the world’s biggest and oldest producer rethinks its entire business in an industry left paralyzed by the pandemic. The company founded by British imperialist Cecil Rhodes in the late 1800s was under pressure even before the coronavirus to […]

British businesses and consumers work on a strong recovery in July

London: British businesses have reported their fastest upturn in five years and shoppers pushed their spending back to near pre-lockdown levels. A flash reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI) shot up to 57.1 in July from 47.7 in June, above the 50 threshold for growth for the first time since lockdown […]

Siemens is giving ‘Comfy’ to its 100,000 plus staff worldwide

Berlin: Siemens is rolling out its Comfy mobile phone app to hundreds of its offices around the world to help staff safely return to the office after the coronavirus shutdown. More than 100,000 staff in 30 countries will get access to the app, which gives data on occupancy levels and updates on the local COVID-19 […]

Coping with Covid-19: Indian Hotels to launch food ordering app

Mumbai: The Indian Hotels Company which owns properties under the Taj and other brands will launch a food ordering mobile application Qmin which will be available in Mumbai area from Saturday. According to the company, the application will be available on both Google Play Store for Android users and App Store for iOS users, and […]

Boeing to delay 777X as demand drops for big jets: Sources

SEATTLE/PARIS: Boeing Co is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry’s largest jetliners. Boeing hopes to bring the jet to market as passenger travel rebounds after a downturn […]