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India’s Oyo furloughs thousands of employees as revenue drops by over 50%

Oyo has placed thousands of employees on leave and furloughs for up to three months in the U.S. and several other markets as the Indian budget lodging firm contends the coronavirus outbreak that has c

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Vaccine boost as scientists find virus has 'low shielding'

Experts say it means there are "fewer obstacles for the immune system to neutralise the virus with antibodies".

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Now or never for global leadership on COVID-19

Passengers undergo temperature checks at Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, March 10, 2020. /AP Photo Editor's note: Erik Berglöf is a former chief economist a

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Iran says U.S. cannot veto its loan request to IMF

An Iranian vice president said the United States cannot block Iran's request for a 5 billion U.S. dollars' loan from the International Monetary Fund (IMF) for fighting

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Coronavirus updates, April 8: Global death toll from COVID-19 exceeds 82,000 as cases top 1.4 mln

A medical worker transfers the body of a victim who died of COVID-19 at a hospital in New York, the United States, April 6, 2020. (Photo by Michael Nagle/Xinhua)"Behind every one of those numbers is a

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Coronavirus: Stimulus for coal plants to result in losses

Countries are rushing to increase power generation from coal-fired plants to deal with the economic crisis unleashed by the coronavirus pandemic. But more than half of these plants could run into

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Pandemic, oversupply to keep oil prices at multi-year low averages in H1 2020: EIA

The U.S. Energy Information Administration (EIA) on Tuesday forecast that the worldwide COVID-19 pandemic and increase of oil supply will keep global crude oil prices

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China to set up new pilot zones for cross-border e-commerce to stabilize foreign trade, investment

China will set up 46 new integrated pilot zones for cross-border e-commerce, as well as support processing trade with new steps and hold the Canton Fair online to keep

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Hong Kong fintech startup Neat raises $11 million Series A to give small companies more banking services

Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border banking. The round was led by Pacific Century Group, with pa

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Roundup: UN suspends peacekeeper deployments until June 30

"Our priorities are to ensure the COVID-19-free status of incoming uniformed personnel and mitigate the risk that UN peacekeepers could be a contagion vector and simultaneously maintain our operation

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The private sector steps up

Editor's note: Dambisa Moyo, an international economist, is the author of four New York Times bestselling books, including "Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth – and

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France warns it hasn’t reached coronavirus peak, while Spain’s daily rate of deaths rises again

France has not yet reached the peak of the coronavirus pandemic, the country’s health minister warned Tuesday, while the daily number of new infections and deaths has r

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COVID-19 deaths top 80,000 worldwide: Johns Hopkins University

Italy had seen the most deaths, standing at 17,127 among 135,586 confirmed cases.NEW YORK, April 7 (Xinhua) -- The death toll from COVID-19 exceeded 80,000 worldwide by

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WeWork sues SoftBank in intensifying crisis over canceled $3B tender offer

Just days after SoftBank announced that it would not consummate its $3 billion tender offer for WeWork shares that would have bought out some of the equity held by the company’s co-founder Adam Neuman

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Preparation, cooperation: WHO expert's advice for avoiding overloading hospitals amid pandemic

A medical worker checks the wound after taking off the ECMO machine used to support a patient's lungs at the Wuhan pulmonary hospital in Wuhan, capital of central China's Hubei Province, April 5, 202

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HKSAR chief executive vows to strictly enforce anti-epidemic regulation

China's Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam appealed to the public on Tuesday to support an anti-epidemic regulation that prohib

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'Harry Potter' author J.K. Rowling says fully recovered from likely coronavirus

"Harry Potter" author J.K. Rowling said on Monday she had recovered from a suspected case of COVID-19 after two weeks of illness."For last two weeks I've had all sympto