SHANGHAI: Women’s tennis officials are still hopeful of holding tournaments in China this year, despite authorities calling off most international sports events in 2020 because of the coronavirus. Thursday’s announcement from China’s highest sporting body appears to be a severe blow to a number of major sports, particularly Formula One, […]
Month: July 2020
The S&P 500 and Dow rose in choppy trading on Friday, boosted by financial stocks but the sentiment was fragile as a record rise in coronavirus cases in the United States threatened to further damage Corporate America. REUTERS: The S&P 500 and Dow rose in choppy trading on Friday, boosted […]
LONDON: Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody’s warned on Friday (Jul 10), while its debts as a share of GDP will surge by 24 percentage points. Moody’s said the UK government’s latest stimulus package, announced this week, would aid […]
LONDON: The Premier League has admitted that VAR got penalty decisions wrong in all three matches on Thursday (Jul 9), as frustration mounts over the use of the technology in the English top-flight. Manchester United were given a controversial helping hand by the video assistant referee in their 3-0 win […]
VIENNA: The illegal global trade in ivory has shrunk while the trafficking of pangolins has soared, a UN report on wildlife crime based on four years’ data said on Friday (Jul 10). National bans on selling ivory, particularly China’s in 2017, appear to have helped further erode ivory trafficking after […]
LONDON: The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday (Jul 10) but warned that the spread of COVID-19 posed a risk to the outlook. The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last […]
MUMBAI: India reported a record 26,506 new coronavirus cases on Friday (Jul 10) as authorities reimposed lockdowns in its most populous state and in an industrial hub, home to automakers, drug factories and brewers. The new cases pushed India’s tally to nearly 800,000 cases, the world’s third-biggest outbreak, behind only […]
BEIRUT: Samira Hanna spends a lot of time in the dark. Her old Beirut apartment gets less than two hours of electricity a day, and with Lebanon’s economy in ruins, the grandmother can barely afford candles, let alone a private generator. “I sit outside on the stairs for some light,” […]
TOKYO: Minimalist lifestyle brand Muji’s US subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku said on Friday (Jul 10), joining the list of casualties from the coronavirus pandemic. Ryohin Keikaku said Muji aims to close unprofitable stores and renegotiate rents in the United States, where […]
SHANGHAI: Four cities along China’s Yangtze river have declared top-level flood warnings over the past two days after torrential rain triggered landslides and inundated roads and farmland, with parts of the river threatening to burst its banks. The “red alerts” in Xianning and Jingzhou in Hubei province and Nanchang and […]