Gold rocketed to record peaks at US$1,975 on Tuesday while the U.S. dollar plumbed two-year lows as investors wagered the Federal Reserve would reaffirm its super-easy policy outlook this week, and a tolerance for higher inflation. SYDNEY: Gold hurtled to record peaks on Tuesday before the sheer scale of its […]
Month: July 2020
Italy’s government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters. ROME: Italy’s government is studying a plan to create […]
Brazil’s antitrust watchdog is asking Facebook Inc to explain the fee structure for its short-lived payments service launched in June in partnership with card processor Cielo SA, according to a document seen by Reuters. BRASILIA: Brazil’s antitrust watchdog is asking Facebook Inc to explain the fee structure for its short-lived […]
SYDNEY: Australian Prime Minister Scott Morrison cut short a planned interstate tour to focus on the country’s coronavirus crisis on Tuesday (Jul 28), citing a “very complex” outbreak in aged care homes in the city of Melbourne. Victoria, Australia’s second most populous state, reported 384 new COVID-19 cases on Tuesday, […]
WELLINGTON: New Zealand has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters said on Tuesday (Jul 28). “New Zealand can no longer trust that Hong […]
WASHINGTON: President Donald Trump on Monday named an outspoken critic of US military deployments as ambassador to Germany, as he moves to pull troops from the NATO ally. The White House said that Trump had nominated retired colonel Douglas Macgregor, a frequent commentator on Fox News who has written about […]
REUTERS: Moderna’s vaccine against COVID-19 could be ready for widespread use by the end of this year, US and company officials said on Monday (Jul 28), after the drugmaker announced the start of a 30,000-subject trial to demonstrate it is safe and effective, the final hurdle prior to regulatory approval. […]
WASHINGTON: The United States and Australia on Monday (Jul 27) opened top-level talks in which they are expected to seek a common front amid soaring tensions between Washington and Beijing. US Secretary of State Mike Pompeo and Defence Secretary Mark Esper welcomed to Washington their Australian counterparts, Marise Payne and […]
BEIJING: China on Monday (Jul 27) said it was not aware of the case involving Singaporean Dickson Yeo and urged the United States to “stop using the so-called espionage issue to smear” the country. Yeo pleaded guilty last week in the US to working for Chinese intelligence. The former National […]
PARIS: The unprecedented social and economic crisis caused by the coronavirus pandemic will see nearly 7 million more children experience stunting as a result of malnutrition, the United Nations said on Tuesday (Jul 28). Even before COVID-19 there were an estimated 47 million children under five who were moderately or […]