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BUSINESS

Australia recession adds to global economic virus woes

AFP, Published on 02/09/2020

» SYDNEY: Australia has fallen into recession for the first time in three decades and Brazil's economy shrank by almost 10% because of the coronavirus, leaving China as the only major nation still recording economic growth during the pandemic.

BUSINESS

Uber seeks Hong Kong govt meeting after court defeat

AFP, Published on 02/09/2020

» HONG KONG - Uber on Wednesday said it was seeking an urgent meeting with Hong Kong's government after drivers working for the company lost a landmark court case that could cripple ride-sharing apps in the finance hub.

BUSINESS

Virus plunges Australia into first recession in nearly 30 years

AFP, Published on 02/09/2020

» SYDNEY: Australia tumbled into its first recession for almost three decades with its pandemic-crippled economy shrinking a record 7% in the second quarter, official data shows.

BUSINESS

Walmart unveils subscription programme to challenge Amazon

AFP, Published on 02/09/2020

» NEW YORK: The battle for online supremacy is on as Walmart announced Tuesday the coming launch of a membership program that provides free delivery as the world's biggest retailer takes direct aim at e-commerce behemoth Amazon.

BUSINESS

Black franchisees sue McDonald's for discrimination

AFP, Published on 02/09/2020

» NEW YORK: More than 50 Black former McDonald's franchisees have sued the fast food chain claiming a "systematic" pattern of racial discrimination that hindered their success and forced some out of business -- claims the company strenuously denies.