BRUSSELS: European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday (Jul 21) after a fractious summit that went through the night and into its fifth day. Summit chairman Charles Michel tweeted “Deal” shortly after the 27 leaders reached […]
Day: July 20, 2020
SEOUL: South Korea and the United States are trying to agree on the scale, scope and timing of annual military exercises with the novel coronavirus threatening to disrupt the travel of US troops, South Korean officials said on Tuesday (Jul 21). South Korean Defence Minister Jeong Kyeong-doo and US Defence […]
SINGAPORE: Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets. Auditors for Malaysia’s AirAsia Group and Vietnam’s VietJet Aviation are concerned about cashflows […]
The shock of the pandemic has spared no one, but the costs have not been evenly distributed. REUTERS: The shock of the pandemic has spared no one, but the costs have not been evenly distributed. Office workers who can telecommute have generally been able to retain their income, while many […]
SINGAPORE: Temasek Holdings reported a 2.2 per cent drop in annual net portfolio value in a pandemic-hit year as it unveiled preliminary performance and said it was ready to invest in opportunities arising from volatile market conditions. For the year ended Mar 31, Temasek’s net portfolio value fell to S$306 […]
LOS ANGELES: The COVID-19 pandemic raged in Florida on Monday (Jul 21) as the state reported more than 10,000 new infections for a sixth day in a row, but California saw improvement, with cases and hospitalisations beginning to stabilise after a surge. Florida has become the epicentre of the latest […]
LONDON: Leeds United defender Gaetano Berardi faces up to nine months on the sidelines after tearing the anterior cruciate ligament in his knee during Sunday’s (Jul 19) 3-1 win at Derby County, the Championship (second-tier) club have said. The 31-year-old Switzerland international, whose contract expires at the end of the […]
LONDON: Manchester City manager Pep Guardiola took a swipe at Arsenal on Monday (Jul 20) by admitting he does not respect them off the pitch. Guardiola’s side were knocked out of the FA Cup at the semi-final stage by Arsenal on Saturday as the Gunners won 2-0 at Wembley. Guardiola […]
MELBOURNE: Cricket Australia (CA) said on Tuesday (Jul 21) it welcomed the “clarity” given by the postponement of the Twenty20 World Cup but would not be drawn on whether it preferred to stage the delayed event in 2021 or 2022. The International Cricket Council (ICC) on Monday postponed the tournament […]
CHICAGO: Early data from trials of three potential COVID-19 vaccines released on Monday (Jul 20), including a closely watched candidate from Oxford University, increased confidence that a vaccine can train the immune system to recognise and fight the novel coronavirus without serious side effects. Whether any of these efforts will […]