BEIJING: China’s factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growth. The official manufacturing Purchasing Manager’s Index (PMI) rose to […]
Business
Los Angeles Mayor Eric Garcetti on Monday announced he was taking a “hard pause” on when movie theaters in the city can reopen, citing an increase in coronavirus cases. LOS ANGELES: Los Angeles Mayor Eric Garcetti on Monday announced he was taking a “hard pause” on when movie theaters in […]
Social media site Reddit on Monday shut down r/The_Donald, a forum which long served as a popular online home base for fans of President Donald Trump, saying it violated the site’s hate speech rules. REUTERS: Social media site Reddit on Monday shut down r/The_Donald, a forum which long served as […]
NEW YORK: The New York Times Co said on Monday (Jun 29) it will end its partnership with Apple News, effective Jun 29, at a time when the publisher is shifting focus to a digital subscription-based model. The media company said publishers should be fairly compensated for their content and […]
NEW DELHI: India on Monday (Jun 29) banned 59 Chinese mobile apps, including the wildly popular TikTok and WeChat, over national security and privacy concerns just weeks after a deadly Himalayan border clash between the nuclear-armed neighbours. Relations between the world’s two most populous nations have been strained following the […]
CALIFORNIA: Gilead Sciences Inc on Monday (Jun 29) priced its COVID-19 antiviral remdesivir at US$2,340 per patient for wealthier nations and agreed to send nearly all of its supply of the drug to the United States over the next three months. The price tag is slightly below the range of […]
Royal Dutch Shell on Tuesday said it will write down the value of its assets by up to US$22 billion after lowering its long-term outlook on oil and gas prices. LONDON: Royal Dutch Shell on Tuesday said it will write down the value of its assets by up to US$22 […]
SYDNEY: Australian Prime Minister Scott Morrison on Monday (Jun 29) said the reopening of state borders will support jobs growth despite a fresh outbreak of the coronavirus in the country’s second most populated state. South Australia and Tasmania states have in recent days confirmed their borders will reopen in late […]
SAN FRANCISCO: Organisers of a Facebook advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate speech. The “Stop Hate for Profit” campaign will begin calling […]
LOS ANGELES: California on Sunday (Jun 28) ordered some bars to close, the first major rollback of efforts to reopen the economy in the most populous US state as cases nationwide soar to record levels day after day. Governor Gavin Newsom’s order for bars to close in Los Angeles and […]