Amid a tide of retrenchments, hiring is all the more challenging with the deluge of applications swarming in, says the Financial Times’ Pilita Clark. LONDON: There was a moment on Wednesday morning last week when it looked as if something remarkable might happen. For a brief few hours, the flood […]
Month: July 2020
BEIJING: China’s thousands of state-owned enterprises, local governments and public institutions are expanding hiring as a record number of students graduate into a job market left reeling by the COVID-19 pandemic. Around 8.7 million Chinese students are graduating this year, almost half a million more than last year, heading into […]
U.S. stock futures slipped and Asian shares came under pressure in early Monday trade as tit-for-tat consulate closures in China and the United States fanned worries about worsening diplomatic ties between the world’s two largest economies. TOKYO: U.S. stock futures slipped and Asian shares came under pressure in early Monday […]
NEW YORK: After several weeks of trading in narrow ranges, bitcoin breached US$10,000 on Sunday (Jul 26) for the first time since early June. In addition to suffering pricing blows due to the economic fallout from the coronavirus outbreak, the virtual currency went through its third so-called halving on May […]
MIAMI: Florida on Sunday (Jul 26) became the second state after California to overtake New York, the worst-hit state at the start of the US novel coronavirus outbreak, according to a Reuters tally. Total COVID-19 cases in the Sunshine State rose by 9,300 to 423,855 on Sunday, just one place […]
WASHINGTON: The United States has doubled its investment – to nearly US$1 billion – to expedite development of a potential COVID-19 vaccine by American firm Moderna, which on Monday (Jul 27) begins the decisive final phase of clinical trials. The government now plans to spend up to US$472 million on […]
China should be firm in adopting an expansionary fiscal policy aimed at accelerating economic growth, says Yu Yongding. BEIJING: COVID-19 hit the Chinese economy hard in the first quarter of 2020, causing real GDP to contract by 6.8 per cent year on year. But since the city of Wuhan emerged […]
BERLIN: Business software group SAP said on Sunday it planned to float Qualtrics, the U.S. specialist in measuring online customer sentiment, which it acquired in late 2018 for US$8 billion. The move to float Qualtrics in the United States would partly unwind the final major acquisition of former Chief Executive […]
BERLIN: Germany must toughen its rules for auditing and accounting to prevent another billion-euro scam like the Wirecard scandal, Bundesbank President Jens Weidmann said in a newspaper interview published on Monday (Jul 26). Payment services company Wirecard filed for insolvency last month after admitting that €1.9 billion supposedly held in […]
WASHINGTON: The US economy will grow on the order of 20 per cent in the third and fourth quarters, a top White House economic adviser predicted on Sunday (Jul 26), despite reopening setbacks linked to a coronavirus resurgence. “I don’t deny that some of these hotspot states moderate that recovery, […]