Business

On a summer's evening, the streets of central London echoed to what has become a rare sound during the coronavirus pandemic: the chatter and laughter of diners seated at terrace tables.

Sri Lanka's economy contracted by 1.6% in the first quarter of 2020, government data showed, as lockdowns related to the COVID19 pandemic battered a country still recovering from last year's Easter Sunday bomb attacks.

Sri Lanka's economy contracted by 1.6% in the first quarter of 2020, government data showed, as lockdowns related to the COVID19 pandemic battered a country still recovering from last year's Easter Sunday bomb attacks.

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirusled store closures and a slowdown in demand for luxury goods across the world.

Booking Holding Inc., the U.S.based company that owns travel website Booking.com, intends to reduce its 17,000 work force by 25% as a result of business lost during the coronavirus pandemic, it said on Tuesday.

Energy group BP will increase its lowcarbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday.

British low cost airline easyJet said it planned to fly about 40% of its capacity over the rest of the summer, more than originally scheduled as bookings were stronger than expected despite ongoing restrictions due to the pandemic.

Oil prices eased on Tuesday amid concerns that a fresh wave of COVID19 infections around the world will see a pickup in fuel demand stalling amid tighter lockdowns just as major producers ramp up output.

Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID19 infections around the world sparks tighter lockdowns just as major producers ramp up output.

South Korea on Tuesday said it will supply more than 132,000 new homes in Seoul through 2028 by easing building height limits and converting military sites and other stateowned properties into residential areas.

The Commerce Ministry's investigation arm DGTR recommended the duty after its probe concluded that there is a substantial increase in imports of digital offset printing plates from these countries in absolute terms.

The German body in charge of regulating auditors is examining EY in connection with the collapse of payment services firm Wirecard, Handelsblatt newspaper reported on Monday, citing a confidential Economy Ministry document.

The European Union is willing to compromise to rescue troubled Brexit talks by softening its demand that Britain heed EU rules on state aid in the future, diplomatic sources told Reuters.

Luxury carmaker Ferrari trimmed its fullyear earnings forecast on Monday after secondquarter income plunged due to supply chain and production disruptions due to the coronavirus pandemic.

People across Britain enjoyed halfprice meals on Monday as the government launched its "Eat Out to Help Out Scheme" aimed at driving up business in the shattered hospitality industry after months of coronavirus lockdown.

Healthcare company Sanofi Aventis France said it had been placed under formal investigation on charges of manslaughter over Depakine, which is an epilepsy drug that caused birth malfunctions and slow neurological development when taken during pregnancy.