NEW YORK: American Airlines Group Inc is planning to raise around US$1.5 billion by selling shares and convertible notes, as the airline shores up liquidity after travel disruption due to coronavirus, Bloomberg News reported on Sunday (Jun 21). The airline could announce the offering as early as Sunday, the report […]
Business
LONDON: British Chancellor of the Exchequer Rishi Sunak is ready to cut the value-added tax (VAT) as part of the government’s latest efforts to tackle economic fallout from the coronavirus outbreak, the Sunday Times newspaper reported. Sunak has ordered officials to prepare options for reducing the sales tax, including a […]
SINGAPORE: It’s only 4am in Kembangan but Ms Liyana Stuart is already up. She is on one of her early-morning walks, a ritual she has observed daily since the start of the COVID-19 outbreak. On these walks, Ms Liyana will buy coffee and sometimes groceries, and by 5am, she’s back […]
HONG KONG: Pro-democracy labour unions and a student group in Hong Kong failed to garner enough support to hold strikes against looming national security legislation imposed by Beijing, in a blow for the city’s protest movement. After a year of often-violent unrest, anti-government demonstrations have lost momentum due to higher […]
KUALA LUMPUR: The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states run by a government ally, sources close to the government and the company said. Extra payments would hit Petronas and the […]
SEOUL: Hwang Min-yong, a 37-year-old South Korean businessman, recently received his black Porsche Cayenne coupe with red leather seats after a seven-month wait and took it out for a spin on a scenic road overlooking a river near Seoul. “Porsche has been my dream car … I don’t really feel […]
Japan’s Fujitsu develops new AI-video recognition technology to check proper handwashing TOKYO: Three months after the World Health Organization recommended singing “Happy Birthday” twice during hand washing to fight the coronavirus, Japan’s Fujitsu Ltd has developed an artificial intelligence monitor it says will ensure healthcare, hotel and food industry […]
WASHINGTON, DC: US House of Representatives Democrats on Thursday (Jun 18) unveiled a US$1.5 trillion infrastructure bill that they will seek to pass in coming weeks, arguing it has been made more urgent by the coronavirus pandemic. The legislation would spur construction or improvements of roads, bridges, ports, clean energy, […]
With limited options, Beijing could be pushing New Delhi to a closer Western embrace, says Yogesh Joshi. SINGAPORE: India and China share a legally undemarcated frontier along the high Himalayas. After the 1962 Sino-Indian War, China and India settled with perceptions of a boundary which they called the Line of […]
NEW YORK: SoftBank Group Corp will invest US$2 million or more in 14 U.S. start-ups led by black founders and other underrepresented groups, the company said on Thursday (Jun 18), as part of its effort to fund more a more diverse array of entrepreneurs. The investments will back the inaugural […]