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Genting group plans pay cuts

Genting, backed by Malaysian tycoon Lim Kok Thay, is proposing as much as 20% temporary reduction of basic salary for employees based on their ranks, while Genting Hong Kong Ltd. suggests up to 50% cut for those holding vice president role or higher.

US protesters demand end to Covid-19 lockdown, officials urge caution

Stay-at-home orders and widespread business closures, while cited by public health authorities as vital to slowing the spread of the virus, have stifled the US economy and thrown at least 22 million people out of work, a level of unemployment not seen since the Great Depression of the 1930s.