WASHINGTON, DC: The Trump administration has determined that top Chinese firms, including telecoms equipment giant Huawei Technologies and video surveillance company Hikvision, are owned or controlled by the Chinese military, laying the groundwork for new US financial sanctions, according to a document seen by Reuters on Wednesday (Jun 24). A […]
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NEW YORK: Wall Street stocks tumbled on Wednesday (Jun 24) on increasing signs that higher coronavirus cases in the United States will slow the recovery in the world’s biggest economy. The Dow Jones Industrial Average slumped 710.16 points, or 2.72 per cent, to 25,445.94. The broad-based S&P 500 slid 2.59 […]
BASRA, Iraq: In a hospital ward in Iraq, doctor Ali Salam Abdullah and a smiling patient hold up a large blood bag full of the yellow liquid that he hopes will help turn the corner in cutting the country’s coronavirus death rate. The liquid is plasma from a recently recovered […]
AMSTERDAM: The Dutch government announced a widespread easing of coronavirus lockdown measures on Wednesday (Jun 24) that will allow outdoor gatherings, group restaurant visits and regular public transport services from Jul 1. After the summer, soccer matches will be opened to the public, but crowds will have to adhere to […]
PARIS: Scientists have found bits of polystyrene in the guts of tiny, soil-dwelling organisms in the Antarctic, raising concern that microplastics pollution has already “deeply” entered the world’s most remote land-based food systems. While the infiltration of microplastics throughout the oceans is well-known, researchers said their findings provided the first […]
CARACAS: Venezuela’s defence minister Vladimir Padrino on Wednesday (Jun 24 )called a Tuesday incident in which a US Navy ship navigated near the South American country’s coast an “act of provocation.” The US Southern Command on Tuesday said the missile destroyer Nitze conducted a “freedom of navigation” operation off Venezuela’s […]
WASHINGTON, DC: The US National Highway Traffic Safety Administration (NHTSA) said on Wednesday it has opened two investigations into reports of headlight failures in 392,000 Kia Sorento sport utility vehicles and steering issues in 781,000 General Motors vehicles. NHTSA said it had received 74 reports of sudden, unexpected loss of […]
SINGAPORE: Millions of dollars of oil stored in tanks and ships in Asia and Europe has become caught in a web of lawsuits related to trade and financing deals by Singapore’s Hin Leong Trading, according to court documents and shipping data. A report filed this week in Singapore’s High Court […]
LONDON: A second coronavirus wave is a real risk for the United Kingdom and local flare-ups are likely, major health bodies said on Wednesday (Jun 24), in one of the strongest warnings yet to Prime Minister Boris Johnson as he eases lockdown to help the economy. The United Kingdom has […]
WASHINGTON: The coronavirus pandemic is causing wider and deeper damage to economic activity than first thought, the International Monetary Fund said on Wednesday, prompting the institution to slash its 2020 global output forecasts further. The IMF said it now expects global output to shrink by 4.9 per cent, compared with […]