Ryanair Holdings Plc and Chief Executive Michael O’Leary failed to persuade a U.S. judge to dismiss a securities fraud lawsuit accusing Europe’s largest budget airline of defrauding them by downplaying its willingness to recognize labor unions. NEW YORK: Ryanair Holdings Plc and Chief Executive Michael O’Leary failed to persuade a […]
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TOKYO: Japan’s government will submit to parliament early next week a second extra budget to fund a new US$1.1 trillion stimulus package to cushion the economic blow from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday (Jun 1). With ruling and opposition parties on board for big spending […]
SINGAPORE: Nanyang Technological University (NTU) and Facebook will launch a nine-month pilot programme to offer new courses aimed at developing local data centre talent. The programme, which starts in August, will offer four specialist certificates and one graduate certificate, said the university and Facebook in a media release on Monday […]
HONG KONG: Hong Kong had no plans to change its currency’s peg to the US dollar and the Asian financial hub has not seen any “obvious” capital outflows after Washington moved to strip the city of its special status in US law, the city’s finance secretary said. Paul Chan said […]
SEOUL: Samsung Electronics Co Ltd said on Monday (Jun 1) it has begun construction of a new domestic production line for NAND flash memory chips, betting on demand for personal computers and servers as the coronavirus prompts more people to work from home. The world’s largest memory chip maker is […]
NEW DELHI: India has ordered its internet service providers (ISPs) to block file-sharing website WeTransfer at a time when hundreds of millions of people are working from home because of a nationwide lockdown to stop the novel coronavirus. The order, dated May 18, from India’s Department of Telecommunications (DoT), which […]
ATLANTA, Georgia: Delta Air Lines Inc and its pilots union said on Sunday (May 31) they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying. Delta said this month that it would have more pilots than needed as […]
SYDNEY: Google has rejected demands it pay hundreds of millions of dollars per year in compensation to Australian news media under a government-imposed revenue-sharing deal. The company’s top executive in Australia said Google made barely A$10 million (US$6.7 million) per year from news-linked advertising, a fraction of a government watchdog’s […]
NEW YORK: Retail giant Target shuttered stores across the US as retailers already reeling from closures due to the coronavirus pandemic shut stores amid protests that included looting in many US cities on Sunday (May 31). Protests turned violent in places including New York and Chicago in the wake of […]
SAN FRANCISCO: In addition to disputing misleading claims made by US President Donald Trump about mail-in ballots this week, Twitter has added fact-checking labels to thousands of other tweets since introducing the alerts earlier this month, mostly on posts about the coronavirus. The company does not expect to need additional […]