LONDON: European stock markets retreated on Friday (Jul 3), with concerned investors locking in gains made recently on solid US jobs data. In London, the FTSE 100 index had lost 1.3 per cent when trading ended for the day, Frankfurt had slipped by 0.6 per cent and Paris was off […]
Business
LONDON: Oil fell below US$43 a barrel on Friday (Jul 3) as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery. The United States reported more than 55,000 […]
TORONTO: Canada’s biggest lenders confirmed on Friday (Jul 3) they had joined a widespread boycott of Facebook Inc begun by US civil rights groups seeking to pressure the world’s largest social media platform to take concrete steps to block hate speech. More than 400 brands have pulled advertising on Facebook […]
BEIJING: China on Friday (Jul 3) vowed to gradually phase out the slaughter and sale of live poultry at food markets, in a move welcomed by animal rights activists amid the coronavirus pandemic. The announcement came as China stepped up inspections of wholesale food markets and outlawed the sale and […]
A Democratic U.S. senator says he has written to Attorney General William Barr outlining his concerns about potential “political interference” by the Trump administration in an investigation of a private espionage firm that targeted environmental groups in the United States. WASHINGTON: A Democratic U.S. senator says he has written to […]
SINGAPORE: More than 16,000 jobs, traineeships and skills training opportunities were available at the inaugural SGUnited Jobs and Skills Fair on Friday (Jul 3). Of these, almost 7,000 were job vacancies from the public and private sector, for fresh graduates and mid-career job seekers. The jobs fair, held at the […]
BRUSSELS: The European Commission said on Friday (Jul 3) it had given conditional approval for the use of COVID-19 antiviral remdesivir following an accelerated review process. The EU executive said the drug, produced by Gilead, was the first medicine authorised in the European Union for treating COVID-19 following a “rolling […]
SINGAPORE: Singapore authorities said they have launched an investigation into Citadelle Corporate Services, Senjo Group and its subsidiaries after scrutinising collapsed German payments firm Wirecard’s local operations. The investigation was for “suspected falsification of accounts … as well as carrying on a trust business without a licence”, the Commercial Affairs […]
MILAN: Fiat Chrysler (FCA) said the terms of its merger with France’s PSA had not changed after an Italian newspaper report that it was looking to spin off assets to reduce a planned 5.5 billion euro (US$6.2 billion) cash pay-out to its shareholders. FCA said on Friday (Jul 3) that […]
TOKYO: Uber launched a ride-hailing smartphone application in Tokyo on Friday (Jun 3) in partnership with three domestic taxi firms, even as strict regulations block its popular ride-sharing service in Japan. The taxi-hailing app, already introduced in smaller cities, connects app users to taxis run by Hinomaru Limousine, Tokyo MK […]