Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis.
Business & Financial News, U.S & International Breaking News
Muji's U.S. business seeks bankruptcy protection over coronavirus
Minimalist lifestyle brand Muji's U.S. subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavirus pandemic.
China says it will hit back against new U.S. sanctions over Uighur rights
China said on Friday it would take "reciprocal measures" against the United States after Washington imposed sanctions on senior Chinese officials over alleged human rights abuses against the Uighur Muslim minority.
Exclusive: Japan may still build Aegis Ashore despite reports of cancellation - source
Japan may still build Aegis Ashore missile defense systems to defend against attacks by North Korea and other regional rivals, including China, a source told Reuters just weeks after reports that the proposal had been killed.
Another record U.S. virus count curbs risk appetite
World stocks and oil prices were faltering on Friday as record-setting new coronavirus cases in several U.S. states led to worries that more lockdowns may be necessary, making a quick economic recovery unlikely.
Singaporeans vote in shadow of pandemic and recession
Singaporean voters fretted over the risks of COVID-19 as they queued in masks to cast their ballots on Friday, amid an uptick in new infections and prospects of the city-state's economy entering its worst-ever recession.
What's in a name? Banks count cost of loans in NMC collapse
As the crisis engulfing his business empire deepened, Bavaguthu Raghuram Shetty met with Bank of Baroda officials in mid-March to discuss the $250 million he and his firms owed.
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