Business

HONG KONG: A majority of US companies in Hong Kong surveyed by the American Chamber of Commerce (Amcham) are concerned about the sweeping new national security law in the global financial hub, with a third looking to move assets or business longer-term. The legislation, which punishes secession subversion, terrorism and […]

TUNIS: Libya’s National Oil Corp (NOC) on Sunday (Jul 12) accused the United Arab Emirates of instructing eastern forces in Libya’s civil war to reimpose a blockade of oil exports after the departure of a first tanker in six months. The UAE, along with Russia and Egypt, supports the eastern-based […]

The over-reliance on large aircraft is notable in Southeast Asia and the negative impact of downturns is always amplified by overcapacity, says Cesar Pereira. SINGAPORE: A precise depiction of the airline industry’s recovery depends upon various factors, including duration and magnitude of the outbreak, containment measures in place, degree of […]

LONDON: Britain is urging businesses and individuals to prepare for the Dec 31 end of the Brexit transition period with an information campaign titled: “The UK’s new start: let’s get going.” Britain left the European Union on Jan 31, three and a half years after a referendum, but a transition […]

BEIJING: China returned to growth in the second quarter after the coronavirus pandemic handed the world’s second largest economy its first contraction in decades, according to an AFP poll of analysts. The survey of analysts from 11 institutions pegged China’s growth at 1.3 per cent – a far cry from […]

HO CHI MINH CITY: A tech-savvy population, a fast-growing economy, and the perks of being first in an emerging market – Vietnamese entrepreneur Le Thanh saw the potential in booming Ho Chi Minh City for his start-up transforming coffee grounds into masks. The 35-year-old chemistry graduate worked for two multinationals […]

LONDON: China’s Huawei Technologies has requested a meeting with United Kingdom Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country’s 5G phone network, the Sunday Times newspaper reported on Sunday (Jul 12). The Chinese telecommunications equipment maker is seeking to delay its […]

PARIS: French video games group Ubisoft announced several staff departures on Saturday (Jul 11) after conducting a review in response to allegations of misconduct at the company, which earlier reports said centered around sexual misconduct charges. The changes were initiated to improve “workplace culture”, the company said. The group’s chief […]