World shares and the euro hit their strongest levels since March on Tuesday after European Union leaders sealed a 750 billion euro (US$857 billion) post-pandemic stimulus plan after a marathon five-day meeting. LONDON: World shares and the euro hit their strongest levels since March on Tuesday after European Union leaders […]
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LONDON: AstraZeneca’s experimental COVID-19 vaccine was safe and produced an immune response in early-stage clinical trials in healthy volunteers, data showed on Monday (Jul 20). The vaccine is called AZD1222 and is being developed by AstraZeneca and scientists at Britain’s University of Oxford. It did not prompt any serious side […]
NEW YORK: New York Governor Andrew Cuomo said on Monday (Jul 20) that local governments and police departments were failing to disband parties that violated social distancing orders and warned that he might need to roll back the state’s reopening if that continued. The warning came after a warm summer […]
NEW DELHI: India’s largest budget airline IndiGo said on Monday (Jul 20) it was laying off 10 per cent of its workforce in the wake of the financial fallout from the coronavirus pandemic. IndiGo rose quickly to capture nearly half the domestic market in recent years, reaping big profits on […]
NEW YORK: US companies are raising new questions about how they can make workplaces safe after the world’s top public health agency acknowledged the risk that tiny airborne droplets of the novel coronavirus may contribute to its spread, industry healthcare consultants said. About two weeks ago, the World Health Organization […]
NEW YORK: Uber Technologies has quietly launched a service to give public health officials quick access to data on drivers and riders presumed to have come into contact with someone infected with COVID-19, company officials told Reuters. The service, offered free of charge, could help burnish the image of the […]
SINGAPORE: Mr Yeoh Oon Jin, executive chairman of PwC Singapore, will succeed Mr Lim Sim Seng as board chairman of the Singapore Land Authority (SLA). Together with Mr Yeoh, the Ministry of Law also appointed as SLA’s deputy chairman, Mr Loh Lik Peng, founder and owner of hospitality group Unlisted […]
KUALA LUMPUR: Malaysia is losing up to 25 per cent of its potential palm oil yield due to a labour shortage that is expected to worsen in the coming months, the Malaysian Palm Oil Association (MPOA) said on Monday (Jul 20). The group, which represents plantation firms, said the government’s […]
SINGAPORE: Japanese home-goods chain Muji said that its business in Singapore and Malaysia “will be as usual” despite the United States arm filing for bankruptcy protection. A spokeswoman for Muji Singapore said that while the US business suffered “continuous losses” due to factors such as high rents that were a […]
KUALA LUMPUR: Senior executives of Goldman Sachs have flown in to Malaysia for talks with the government on the recovery of 1Malaysia Development Berhad (1MDB) assets, Malaysia’s finance minister said on Monday (Jul 20). Finance Minister Zafrul Abdul Aziz said in a statement that executives from the US investment bank […]