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 […]
Business
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 […]
ORLANDO: Florida’s Walt Disney World theme park reopened on Saturday (Jul 11) in a state hard hit by the coronavirus, as the World Health Organization issued a fresh warning that countries should step up pandemic restrictions. Hundreds of people in face masks and some in red Mickey Mouse ears queued […]
LONDON: British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new “freeports” within a year of the UK’s becoming fully independent from the European Union in December, the Sunday Telegraph said. Sunak will open the bidding for […]
ORLANDO: Mickey waved from a distance and visitors wore colorful face masks with mouse ears on Saturday (Jul 11) as Florida’s Walt Disney World opened to the public for the first time in four months amid a surge of coronavirus cases in the state. Walt Disney Co welcomed a limited […]
NEW DELHI: India’s government has petitioned the Rajasthan High Court to stop any of the Chinese companies whose 59 apps it recently banned from obtaining an injunction to block the order, according to two sources and the legal filing. India last month outlawed dozens of Chinese apps including ByteDance’s popular […]
PALO ALTO: Elon Musk’s net worth soared past Warren Buffett on Friday (Jul 10) as the chief executive officer of Tesla became the seventh richest person in the world, according to the Bloomberg Billionaires Index. Musk’s fortune rose by US$6.07 billion on Friday, Bloomberg News said, following a 10.8 per […]
OSLO: Norway will lift travel restrictions to and from more than 20 European countries from Jul 15, the government said on Friday (Jul 10). These include France, Germany and Britain as well as some provinces of neighbouring Sweden. Norway is not a member of the European Union but belongs to […]