FILE PHOTO: People stroll through a park in front of the Sydney Opera House amidst the easing of the coronavirus disease (COVID-19) restrictions in Sydney, Australia, May 20, 2020. SYDNEY: Australian state and territory leaders bickered on Thursday (May 21) over whether to reopen internal borders, a major step […]
Business
The UK’s inflation rate fell in April to its lowest since August 2016 as the economic fallout of the first month of the lockdown hit prices. The Consumer Prices Index (CPI) fell to 0.8% from 1.5% in March, the Office for National Statistics (ONS) said. Falling petrol and diesel prices, […]
Healthcare giant Johnson & Johnson says it will continue to sell its talc-based Johnson’s Baby Powder in the UK and the rest of the world, despite stopping sales in the US and Canada. It said North American sales had shrunk partly because of a “constant barrage” of advertising by lawyers […]
Up to 60m people will be pushed into “extreme poverty” by the coronavirus warns the president of the World Bank. David Malpass said the bank expects global economic growth to shrink by 5% this year as nations deal with the pandemic. This has already led to millions losing their jobs […]
In a joint statement, German Chancellor Angela Merkel and French President Emmanuel Macron said the fund would see European Union budget money used to help sectors and regions that are particularly affected by the outbreak. Germany and France jointly proposed a 500 billion-euro ($543 billion) recovery fund Monday to boost […]
Professions related to museums, their operations and their outreach could also be seriously affected. Nearly 13 per cent of the museums around the world may never reopen, the UN’s cultural agency has warned, as about 90 per cent of them globally have had to close their doors due to the […]
The Office of National Statistics says jobless claims surged by 856,000 to 2.1 million in April as compared to the month before. Unemployment claims in Britain jumped 69 per cent in April, as the COVID-19 pandemic took hold and hit the labor market, UK authorities said Tuesday. The Office of […]
SINGAPORE: Singapore’s non-oil domestic exports (NODX) rose unexpectedly by 9.7 per cent year-on-year in April, defying market consensus for a contraction, after shipments were bolstered by a surge in demand for pharmaceuticals and processed food. This marks a third straight month of expansion, but is down from the 17.6 per […]
BEIJING: China supports a comprehensive review of the global response to the COVID-19 pandemic led by the World Health Organization (WHO) after the virus that causes the disease is brought under control, Chinese President Xi Jinping said on Monday (May 18). Xi’s comments, made during a video speech to the […]
According to the deal, Ghani will stay as the President while Abdullah will helm the High Council of National Reconciliation with executive authority, and his team will have a 50 per cent share in the cabinet. Afghan President Ashraf Ghani, right and political rival Abdullah Abdullah sign a power-sharing agreement […]