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 […]
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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 […]
Boeing’s bid to see its 737 Max return to the skies faces a pivotal week with flight safety tests expected to begin. All Boeing 737 Max planes are grounded Pilots and technical experts from regulators and the company are understood to be planning three days of tests, possibly starting […]
KUALA LUMPUR: These days, Mr Low Chung King, the secretary-general for the Hardware and Building Materials Merchant Association of Kuala Lumpur and Selangor, often field requests for assistance from members facing supply issues. “Every hardware retailer is facing cash flow issues right now,” said Mr Low. All members in his […]
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 […]
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 […]