WELLINGTON: A magnitude-5.9 earthquake struck near Milford Sound in the southwest of New Zealand’s South Island on Thursday (Jun 25), government seismic monitor Geonet said. Thousands of people in the area reported on Geonet to have felt the earthquake, which was very shallow at a depth of 5km, but there […]
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FRANKFURT AM MAIN: Lufthansa’s top shareholder on Wednesday (Jun 24) said he would back a nine billion euro government rescue package, removing the threat of a last-minute veto that could have plunged the German airline into bankruptcy. “I will vote for the agreement,” German billionaire Heinz Hermann Thiele told the […]
LONDON: Liverpool are on the brink of clinching the Premier League title after the leaders powered to a 4-0 win against Crystal Palace, while Anthony Martial hit a hat-trick in Manchester United’s 3-0 victory over Sheffield United on Wednesday (Jun 24). Jurgen Klopp’s side took control thanks to first-half goals […]
The economics profession widely overlooked the importance of social and institutional pre-conditions, says former World Bank chief economist Kaushik Basu. ITHACA, NEW YORK: The COVID-19 pandemic has caused massive disruptions to markets, supply chains, and world trade. This has forced a reckoning with many traditional policies and should be treated […]
GENEVA: The coronavirus pandemic has yet to peak in the Americas, the World Health Organization warned on Wednesday (Jun 24), as it said global infections were likely to hit 10 million within a week. The WHO said the length and height of peaks would be determined by government actions, without […]
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 […]
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 […]