Indonesia has plans to lift restrictions and embrace a “new normal” but the sharp spike of COVID-19 cases makes this look like bad timing, says Dr Deasy Simandjuntak. SINGAPORE Indonesia became Southeast Asia’s worst-hit nation last week (Jun 17) when its COVID-19 cases surpassed 41,000. The situation has since worsened […]
Business
FRANKFURT AM MAIN: Britain will have to “accept the consequences” of having weaker economic ties with the European Union because of Brexit, German Chancellor Angela Merkel said Saturday (Jun 27). Merkel hardened the tone from Berlin as Germany and its EU partners strive to draw up an agreement on future […]
WASHINGTON: The US Department of Homeland Security sent a letter to chief executives of five large tech companies asking them to ensure social media platforms are not used to incite violence in the wake of nationwide protests following George Floyd’s death. “I am writing to ask you to do your […]
BERLIN: Wirecard, the German scandal-hit payments company, said on Saturday (Jun 27) it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly. “The management board is of the opinion that continuation is in the best interests of the […]
CHICAGO: American Airlines expects to have between 10 per cent and 20 per cent more workers than needed in July 2021, Chief Executive Doug Parker told employees at a town hall this week, and said that avoiding furloughs will be difficult. Weathering a sharp hit to business due to the […]
SAN FRANCISCO: Coca-Cola, a major force in global advertising, announced Friday (Jun 26) it would suspend ads on social media for at least 30 days, as platforms face a reckoning over how they deal with racist content. “There is no place for racism in the world and there is no […]
WASHINGTON, DC: US Secretary of State Mike Pompeo said on Friday the United States was imposing visa restrictions on Chinese Communist Party officials believed responsible for restricting freedoms in Hong Kong. “Today, I am announcing visa restrictions on current and former CCP officials who are believed to be responsible for, […]
SINGAPORE: Cybercrime cases jumped by more than 50 per cent last year, accounting for more than a quarter of all crimes in committed in the country, said the Cyber Security Agency of Singapore (CSA) in its annual report published on Friday (Jun 26). There were 9,430 cybercrime cases reported last […]
BENGALURU: The outlook for a global economic recovery over the past month has worsened or at best stayed about the same, according to a firm majority of economists in Reuters polls, with the ongoing recession expected to be deeper than predicted only last month. World stocks fell to their lowest […]
BERLIN: The dramatic collapse of payments provider Wirecard is an “unparallelled scandal”, Germany’s finance minister said Thursday (Jun 25), after the group filed for insolvency as it admitted that 1.9 billion euros (US$2.1 billion) missing from its accounts likely did not exist. Finance Minister Olaf Scholz said the debacle “must […]