BEIRUT: Samira Hanna spends a lot of time in the dark. Her old Beirut apartment gets less than two hours of electricity a day, and with Lebanon’s economy in ruins, the grandmother can barely afford candles, let alone a private generator. “I sit outside on the stairs for some light,” […]
Business
TOKYO: Minimalist lifestyle brand Muji’s US subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku said on Friday (Jul 10), joining the list of casualties from the coronavirus pandemic. Ryohin Keikaku said Muji aims to close unprofitable stores and renegotiate rents in the United States, where […]
HANOI: The economic fallout from the COVID-19 pandemic has negatively impacted about 31 million workers in Vietnam, with 900,000 out of work and nearly 18 million people receiving less income than before, a government agency said on Friday (Jul 10). If solutions to drive business activity were not immediately implemented, […]
NEW DELHI: When Chandana Hiran was a child, strangers would urge her to lighten her skin. Today the Indian student is leading a campaign against whitening creams as global anti-racism protests highlight the obsession with fair complexions for many in Asia. The campaign achieved its first victory when cosmetics giant […]
WASHINGTON: Record-breaking coronavirus cases and deaths in several US states are dimming hopes of economic recovery, with cellphone data showing shoppers are staying away from stores in areas where cases are rising the most. In Arizona, Texas, Florida, Georgia and South Carolina, which were among the first states to reopen […]
REUTERS: Amazon.com Inc plans to create at least US$100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant. […]
More airline bankruptcies are inevitable as debts mount and revenues recover very slowly, says Brendan Sobie. SINGAPORE: The bottom for the global airline industry in terms of passenger traffic has passed but the financial implications from COVID-19 have only just started and bankruptcies are likely to continue at a steady […]
TENINO: Tucked away under lock and key in a former railroad depot turned small-town museum in the US state of Washington, a wooden printing press cranked back to life to mint currency after nearly 90 dormant years. The end product: US$25 wooden bills bearing the town’s name – Tenino – […]
Huawei’s business has been hit by international sanctions, but the world needs Huawei more than it realises, says IMD Business School’s Mark Greeven. LAUSANNE, Switzerland: Huawei has launched their best phone yet, the P40 Pro+, but few outside of China are willing to buy it. It is hands-down the best […]
LONDON: Aston Martin’s first sport utility vehicle rolled off the production line on Thursday (Jul 9), key to hopes of a turnaround at the luxury carmaker which has seen changes in management and ownership over the last few months amid a torrid performance. Popular for being James Bond’s carmaker of […]