BERLIN: The dramatic collapse of payments provider Wirecard is an “unparallelled scandal”, Germany’s finance minister said Thursday (Jun 25), after the group filed for insolvency as it admitted that 1.9 billion euros (US$2.1 billion) missing from its accounts likely did not exist. Finance Minister Olaf Scholz said the debacle “must […]
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FRANKFURT AM MAIN: Lufthansa shareholders on Thursday (Jun 25) overwhelmingly backed a nine billion euro (US$10 billion) bailout by the German government, saving Europe’s largest airline group from bankruptcy after the coronavirus crushed travel demand. Over 98 per cent of shareholders accounting for 39 per cent of Lufthansa stock voted […]
Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms to find ways to cut imports from China. But two big industries, automobiles and pharmaceuticals, say this is easier said than done. NEW DELHI: Days after a border clash with […]
NEW YORK: The organisers of the US Open said on Wednesday (Jun 24) they will include a wheelchair tournament at this year’s Grand Slam in New York following a wave of player backlash over their initial decision to scrap the event. The United States Tennis Association’s announcement comes five days […]
LONDON: Andy Murray insists he can still play at a “high level” after stepping up his return to fitness in a defeat against Kyle Edmund at the ‘Battle of the Brits’ event on Wednesday (Jun 24). Former world number one Murray was playing just his second match since November following […]
MADRID: Sergio Ramos’ sensational free-kick helped Real Madrid move back above Barcelona to the top of La Liga as they defeated Real Mallorca 2-0 on Wednesday (Jun 24). Ramos brushed aside Gareth Bale to take the shot and justified his claim with a curling strike into the top corner after […]
LIVERPOOL: Mohamed Salah is preparing for Liverpool’s title party after scoring in a 4-0 thrashing of Crystal Palace on Wednesday (Jun 24) to move to the brink of winning the English top-flight for the first time in 30 years. Liverpool will be champions on Thursday if Manchester City do not […]
LONDON: No England cricketer tested positive for the coronavirus prior to a training group assembling at the Ageas Bowl ahead of next month’s Test series against the West Indies, it was announced Wednesday (Jun 24). The England and Wales Cricket Board said all results came back negative from 702 tests […]
Sony WF-XB700 review: Here we will find out how the new Sony WF-XB700 perform in real life and if they are worth Rs 9,990 or not. A few months back I had decided to stop reviewing truly wireless earphones, with some exceptions. One such exception is Sony deciding to offer […]
SYDNEY: Australia’s Qantas is axing at least 20 per cent of its workforce and grounding 100 planes for at least a year in a US$10 billion cost-cutting blitz in response to the COVID crisis, the airline announced Thursday (Jun 25). CEO Alan Joyce said the three-year plan to save Australia’s […]