WASHINGTON: Six US states suffered record spikes in new COVID-19 cases on Friday (Jul 10) and Florida, an epicentre of the pandemic, saw infections rise sharply for the second day in a row as the Walt Disney Co. stuck to its plans to reopen its flagship theme park in Orlando. […]
Month: July 2020
NEW YORK: Bank lenders for high-quality US companies are taking different refinancing avenues as they seek to extend maturities on billions of US dollars in loans at a time when the COVID-19 pandemic has made liquidity a top priority. Corporations that historically kept their credit agreements intact while extending maturities […]
NEW DELHI/TAIPEI: Foxconn plans to invest up to US$1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple […]
HONG KONG: Hong Kong police on Friday (Jul 10) seized computers at the office of a prominent opinion pollster that was helping the city’s opposition to conduct a primary election planned for the weekend. The move came days after China imposed a sweeping new national security law on the financial […]
Lando Norris’s hopes of a repeat podium at the Red Bull Ring faded on Friday when the McLaren driver was handed a three-place grid penalty in practice for Sunday’s Styrian Formula One Grand Prix. SPIELBERG, Austria: Lando Norris’s hopes of a repeat podium at the Red Bull Ring faded on […]
REUTERS: Manchester City manager Pep Guardiola said on Friday he was not looking ahead to a potential Champions League quarter-final tie against Juventus because any loss of focus could result in elimination by Real Madrid in the last 16. City lead Real 2-1 heading into the return leg at the […]
REUTERS: Red Bull’s Max Verstappen led Styrian Grand Prix practice on Friday while Australian Daniel Ricciardo crashed his Renault and six-times Formula One world champion Lewis Hamilton had a difficult afternoon at Mercedes. Hamilton’s Finnish team mate Valtteri Bottas, the championship leader after winning Sunday’s Austrian season-opener at the same […]
Jose Mourinho believes match officials should be obliged to explain their decisions after his Tottenham Hotspur side were involved in more VAR controversy this week. LONDON: Jose Mourinho believes match officials should be obliged to explain their decisions after his Tottenham Hotspur side were involved in more VAR controversy this […]
WASHINGTON: US producer prices unexpectedly fell in June as rising costs for energy goods were offset by weakness in services, pointing to subdued inflation that should allow the Federal Reserve to keep pumping money into the economy to arrest a downward spiral. Still, deflation remains unlikely as the economy battles […]
Lonza Group AG is in the “last step” of discussions with U.S. regulators for approval to claim that its formulation is effective in killing the novel Coronavirus on surfaces, an executive at the pharmaceutical and chemical giant told Reuters. REUTERS: Lonza Group AG is in the “last step” of discussions […]