The logo of United Parcel Service is seen at the

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FILE PHOTO: The logo of United Parcel Service is seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018. REUTERS/Charles Platiau

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Toshiba to temporarily close factories, offices in Japan

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TOKYO (Reuters) – Toshiba Corp <6502.T> on Wednesday said it will temporarily close factories and offices in Japan from May 6 to May 15, allowing as many as 76,000 to stay at home as the coronavirus spreads, Kyodo newswire reported. (Reporting by Tim Kelly; Editing by Kirsten Donovan)
Business

UK economy risks shrinking 14% this year, budget forecasters warn

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LONDON (Reuters) – Britain’s economy could shrink by more than 14% this year and government borrowing risks approaching 400 billion pounds ($500 billion) if there is lasting damage from the coronavirus, government budget forecasters warned on Tuesday. The Office for Budget Responsibility said its central scenario, with only moderate scarring, showed a 12.4% fall in […]
Politics

Singapore GE2020: Profiles of PAP's new candidates

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The ruling People’s Action Party on Wednesday (June 24) unveiled its first slate of new candidates for the upcoming election. Deputy Prime Minister Heng Swee Keat said the PAP is bringing in “more new faces from different segments of our society, so that they can represent different segments of society and can bring different interests for discussion”. […]