Novartis Chief Executive Vas Narasimhan said on Tuesday that the “extremely disruptive environment” posed by the coronavirus pandemic had dimmed the Swiss drugmaker’s 2020 revenue outlook, after reporting a drop in quarterly sales and profit. ZURICH: Novartis Chief Executive Vas Narasimhan said on Tuesday that the “extremely disruptive environment” posed […]
Year: 2020
MADRID: Real Madrid forward Gareth Bale is not leaving the club even though he has not been featuring regularly for the La Liga champions in recent weeks, according to his agent Jonathan Barnett. Despite winning four Champions League titles with Real, Bale divides opinion because of a perceived lack of […]
BEIJING: Chinese Starbucks customers can order the coffee chain’s drinks on Alibaba’s Taobao marketplace and mobile map app Amap, the companies said on Tuesday (Jul 21), expanding a partnership signed in 2018. Starbucks’ mobile pre-order and in-store pick up feature, Starbucks Now, previously only available on the coffee giant’s own […]
BRUSSELS: European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday (Jul 21) after a fractious summit that went through the night and into its fifth day. Summit chairman Charles Michel tweeted “Deal” shortly after the 27 leaders reached […]
SEOUL: South Korea and the United States are trying to agree on the scale, scope and timing of annual military exercises with the novel coronavirus threatening to disrupt the travel of US troops, South Korean officials said on Tuesday (Jul 21). South Korean Defence Minister Jeong Kyeong-doo and US Defence […]
SINGAPORE: Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets. Auditors for Malaysia’s AirAsia Group and Vietnam’s VietJet Aviation are concerned about cashflows […]
The shock of the pandemic has spared no one, but the costs have not been evenly distributed. REUTERS: The shock of the pandemic has spared no one, but the costs have not been evenly distributed. Office workers who can telecommute have generally been able to retain their income, while many […]
SINGAPORE: Temasek Holdings reported a 2.2 per cent drop in annual net portfolio value in a pandemic-hit year as it unveiled preliminary performance and said it was ready to invest in opportunities arising from volatile market conditions. For the year ended Mar 31, Temasek’s net portfolio value fell to S$306 […]
LOS ANGELES: The COVID-19 pandemic raged in Florida on Monday (Jul 21) as the state reported more than 10,000 new infections for a sixth day in a row, but California saw improvement, with cases and hospitalisations beginning to stabilise after a surge. Florida has become the epicentre of the latest […]
LONDON: Leeds United defender Gaetano Berardi faces up to nine months on the sidelines after tearing the anterior cruciate ligament in his knee during Sunday’s (Jul 19) 3-1 win at Derby County, the Championship (second-tier) club have said. The 31-year-old Switzerland international, whose contract expires at the end of the […]