WASHINGTON, DC: After days of record spikes in new COVID-19 cases and hospitals warning they could run out of beds, President Donald Trump’s White House on Thursday (Jul 2) sought to convey that all was well in the battle against the coronavirus and efforts to get the US economy moving […]
Business
NEW YORK: JPMorgan Chase is eliminating terms like “blacklist”, “master” and “slave” from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move. The terms had appeared in some of the bank’s technology policies, standards and control […]
WASHINGTON, DC: Japan has formally asked the United States to extradite two men who helped former Nissan chief executive Carlos Ghosn escape the country to avoid prosecution, a court filing showed on Thursday (Jul 2). The men – security contractor and former US special forces member Michael Taylor and his […]
A Black Facebook Inc worker on Thursday filed a complaint claiming the social media giant’s stated commitment to diversity and civil rights, including its support for the Black Lives Matter movement, masks widespread discrimination against Black workers. REUTERS: A Black Facebook Inc worker on Thursday filed a complaint claiming the […]
Delhi’s ban on Chinese mobile apps signals that decades of appeasement towards China is coming to an end, says an observer. CANBERRA: Indians have been very enthusiastic users of all forms of social media, but TikTok has found them to be an especially eager audience. With 660 million downloads of […]
NEW DELHI/GENEVA: Across the river from Delhi’s Red Fort, the grim neighbourhood of Seelampur lives off what consumers in the modern world throw away: their broken or obsolete electronic and electrical goods. Home to one of the world’s largest markets for e-waste, Seelampur exemplifies the challenge highlighted in a UN-led […]
LONDON: BlackRock is not exempt from paying value added tax (VAT) on part of a service from an outside supplier to help manage its funds, a European Union court ruled on Thursday (Jul 2), dashing the fund sector’s hopes for cost savings. The world’s biggest asset manager had argued that […]
BANGKOK: Thailand is considering introducing new economic measures to boost consumption and help businesses and debtors cope with the impact of the coronavirus outbreak, a deputy prime minister said on Thursday (Jul 2). The government plans to expand a recently announced package to spur domestic tourism, and to help more […]
KUALA LUMPUR: The United States is seeking to seize another US$96 million in assets allegedly linked to Malaysia’s 1MDB corruption scandal, including Claude Monet and Andy Warhol paintings, officials said. Billions of dollars were looted from Malaysian sovereign wealth fund 1MDB in a fraud allegedly involving the country’s ex-leader and […]
HONG KONG: China’s new security law has sent fear coursing through many Hong Kong residents, but the city’s commercial community has largely embraced it as a way to get back to doing business. The controversial legislation has granted mainland Chinese authorities unprecedented control as they seek to end the protests […]