LOS ANGELES: More than 1,300 firefighters were battling a blaze that was burning out of control Sunday (Aug 3) in southern California, threatening thousands of people and homes east of Los Angeles. The so-called Apple Fire that broke out Friday near the city of San Bernardino has so far charred […]
Day: August 2, 2020
Men’s Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the economic fallout from the COVID-19 crisis. REUTERS: Men’s Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to […]
China said on Monday that 28-nanometre chips that enable mobile devices to receive signals from the Beidou navigation system are in mass production and mass manufacturing of high-precision 22-nanometre positioning chips will soon kick off. BEIJING: China said on Monday that 28-nanometre chips that enable mobile devices to receive signals […]
HONG KONG: HSBC on Monday (Aug 3) said profits for the first half of 2020 plunged by 69 per cent on year as the banking giant was hammered by the COVID-19 pandemic and spiralling China-US tensions. The lender reported post-tax profits of US$3.1 billion while pre-tax profit was US$4.3 billion, […]
LONDON: A major incident has been declared in the Manchester area of Britain, allowing the creation of a “central command structure” to help tackle the rising number of coronavirus cases, a local official was quoted as saying on Sunday (Aug 2). Health minister Matt Hancock said on Thursday the COVID-19 […]
CHICHESTER, United Kingdom: Glorious Goodwood felt more like Gloomy Goodwood this weekend despite the sunshine after a pilot scheme to welcome 4,000 spectators was cancelled at short notice due to an uptick in coronavirus cases. The scheme had offered hope for dozens of racecourses in Britain that they could admit […]
SINGAPORE: The Monetary Authority of Singapore (MAS) will award Standard Chartered Bank (Singapore) additional privileges as a Significantly Rooted Foreign Bank (SRFB), allowing it to operate more places of business. Standard Chartered is the first bank to qualify as a Significantly Rooted Foreign Bank, MAS said in a news release […]
NEW YORK: The St Louis Cardinals, already facing multiple COVID-19 cases that wiped out their weekend Major League Baseball games, expect more positive results from testing on Sunday (Aug 2), ESPN reported. The Cardinals said in a statement they do not expect an update on test results before Monday and […]
RIO DE JANEIRO: Brazil’s public healthcare system, considered among the world’s most advanced when it was launched, is being pushed to the brink by the coronavirus pandemic, which has exposed the impact of years of under-funding and mismanagement. As Brazil closes in on 100,000 deaths from COVID-19 – the second […]
WASHINGTON: President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday (Aug 3). US officials have said TikTok under its Chinese parent poses a national risk because of […]