NYK Daily

Business

Hong Kong recession deepens further, first-quarter GDP shrinks 5.3% quarter-on-quarter

Hong Kong’s recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline...

Norwegian Air shareholders back $1 billion rescue plan

Norwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly...

Australia’s Westpac half-year profits tumble more than 60%

Westpac announced Monday its half-year net profit had fallen 62 percent, making it the latest Australian bank to see profits dive during...

Oil-hungry Asian nations pounce on low prices to build stockpiles

Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude...

Intel in talks to buy Israel’s Moovit public transit app for $1 billion

Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist...

Buffett remains optimistic about future despite coronavirus

Billionaire investor Warren Buffett doesn’t know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic...

How Boeing went from appealing for government aid to snubbing it

In just six weeks, Boeing Co (BA.N) went from seeking government aid to announcing it no longer needed it.

Rolls-Royce considering cutting up to 15% of its workforce

British aero-engine maker Rolls-Royce Holdings (RR.L) is considering cutting up to 15% of its workforce, a source close to the company told...

Tesla to extend furlough for some employees by another week

Tesla Inc (TSLA.O) told furloughed employees on Friday that they will remain out of work for at least another week, postponing a...

Latest articles

Top investor in Nexi cuts stake as M&A looms

The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors...

Global warming has penetrated ocean depths, threatening deep-sea life

Even though the deeper layers of the ocean are warming at a slower pace than the surface, animals living in the deep...

Twitter adds fact-check labels to Trump”s tweets on mail-in voting

Micro-blogging site Twitter has tagged two tweets of US President Donald Trump on mail-in voting with a fact-checking warning label.

90 illegal immigrants rescued off Libyan coast

The International Organization for Migration (IOM) has said that another 90 illegal immigrants were rescued off the Libyan coast.