SINGAPORE: Marina Bay Sands (MBS) has reported an earnings before interest, tax, depreciation and amortisation (EBITDA) loss of US$113 million in the second quarter of 2020, a period that coincided with Singapore’s COVID-19 “circuit breaker” period. The figure is in contrast with the US$346 million EBITDA profit it made between […]
Month: July 2020
SINGAPORE: Singapore’s core inflation dropped 0.2 per cent year-on-year in June, the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said in a joint news release on Thursday (Jul 23). The drop in June continues from the 0.2 per cent year-on-year decrease recorded in May. This […]
BEIJING: Tesla boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth. “Tesla will give you a giant contract for a long period of time […]
TOKYO: Japan held subdued celebrations to mark one year to go until the postponed Tokyo 2020 Olympics on Thursday (Jul 23), with the coronavirus pandemic raising stark concerns about whether the Games will go ahead at all. In Tokyo, which should have been buzzing with thousands of athletes and fans […]
The government has been too slow to respond to the “existential threat” faced by live theatre, music and other culture, a committee of MPs has said. Minsiters “consistently failed to recognise” the challenges Covid-19 posed to the arts, the House of Commons culture select committee said. Chair Julian Knight MP […]
Apple Inc supplier LG Display Co Ltd reported its sixth consecutive quarterly operating loss on Thursday, as people shied away from buying new TV sets in the middle of the pandemic and panel prices remained weak. SEOUL: Apple Inc supplier LG Display Co Ltd reported its sixth consecutive quarterly operating […]
SUZHOU, China: Some players have brought their own pillows and one even has a box of Lego as the much-delayed Chinese Super League prepares to launch on Saturday (Jul 25) in a tightly controlled environment to thwart the coronavirus. Hundreds of players will spend about 70 days in two sealed-off […]
Walmart-owned Flipkart will buy the U.S. retail giant’s Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its offerings for mom-and-pop stores, the company said on Thursday. BENGALURU: Walmart-owned Flipkart will buy the U.S. retail giant’s Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its […]
Amazon.com Inc’s Indian unit on Thursday said it will begin offering auto insurance, making India the e-commerce giant’s first market for the service. NEW DELHI: Amazon.com Inc’s Indian unit on Thursday said it will begin offering auto insurance, making India the e-commerce giant’s first market for the service. Amazon Pay, […]
Flipkart said on Thursday it had acquired parent Walmart Inc’s local cash-and-carry business, as the e-commerce firm strengthens its wholesale offerings to compete better with Amazon.com Inc. BENGALURU: Flipkart said on Thursday it had acquired parent Walmart Inc’s local cash-and-carry business, as the e-commerce firm strengthens its wholesale offerings to […]