Business News

Amazon.com Inc's India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.

Amazon.com Inc's India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.

* Analysts fear rekindling of streets protests, U.S. tensions (Adds bullets, attaches alert, updates prices)

* Burberry edges up despite sales drop, dividend pull (Adds comment, updates prices)

* China plan to impose new security law on HK rattles markets

* Note: There will be no Morning Bid on Monday, May 25, because of a public holiday in the UK. Things have taken another turn for the worse between the world's two superpowers. Escalating rhetoric from President Donald Trump hit Wall Street yesterday, but Asian markets today are red all over following China's proposal for a new Hong Kong law to ban sedition, secession and treason. That will almost certainly reignite protests in Hong Kong and drive another wedge with Washington.

* Trump warns Beijing against security law (Updates with Carrie Lam comments, HK stocks close down)

Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.

Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.

China's plans to impose national security legislation in Hong Kong are expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said.

China's plans to impose national security legislation in Hong Kong are expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said.

The United Kingdom will later on Friday spell out details of its plans for a COVID-19 quarantine for travellers arriving from overseas, a measure that airlines have warned will devastate their industry.

European shares fell on Friday as a deterioration in U.S.-China ties compounded fears of a slower recovery from the economic damage wreaked by the COVID-19 pandemic.

The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for the British Virgin Islands showed.

The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for the British Virgin Islands showed.

Turkey's capacity utilisation rate rebounded to 62.6% in May after hitting a 10-year low of 61.6% a month earlier, while confidence among manufacturers also jumped, data from the central bank showed on Friday.

* Investors include Facebook, General Atlantic and Silver Lake

Hong Kong's stock market tumbled more than 5% to seven-week lows on Friday as China moved to impose new national security laws on the city, raising fears of a revival of the civil unrest that convulsed the financial hub for much of last year.

Vodafone , the world's second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from November this year.

China's biggest automaker SAIC Motor expects the nation's auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies, its chairman said on Friday.