KUALA LUMPUR: Malaysian prosecutors on Thursday (May 14) dropped money laundering charges linked to the 1Malaysia Development Berhad (1MDB) scandal against one of the producers of Hollywood hit The Wolf of Wall Street after he agreed a settlement with the government. Malaysia’s anti-corruption commission said it will recover overseas assets […]
Business
At about $5 a serving, tear gas ice cream has been a hit Tear gas is among the new flavors at a Hong Kong ice cream shop. The main ingredient is black peppercorns, a reminder of the pungent, peppery rounds fired by police on the streets of the semi-autonomous Chinese […]
The number of Americans seeking unemployment benefits jumped by almost 3 million last week as virus shutdowns continue to weigh on the US economy. The filings brought the total number of new jobless claims since the middle of March to more than 36 million. That amounts to nearly a quarter […]
A US pharmaceutical firm has signed agreements with drug makers in South Asia to expand supply of the drug remdesivir for treating Covid-19. The agreement between Gilead and five generic pharmaceutical companies in India and Pakistan will help make the medicine for 127 countries. Remdesivir cut the duration of symptoms […]
Honda has said it will restart production at its UK car plant next month. The company told employees and suppliers that work would resume in Swindon in the first week of June after stopping production due to the lockdown. Honda said it would implement “measures to mitigate risks and provide […]
Britain’s theatre industry is calling for more government support as one of the country’s most iconic theatres, The Old Vic, is facing financial collapse due to the COVID-19 pandemic. London’s Old Vic theatre has had to furlough most of its staff since the government shut down cultural institutions around the […]
Australian jobs plunged by the most on record in April as employers laid off hundreds of thousands of staff in response to the economy-wide shutdowns to curb the spread of the coronavirus. Australian jobs plunged by the most on record in April as employers laid off hundreds of thousands of […]
Malls, retail stores and restaurants are all reopening Thursday in the New Zealand and as people return to their workplaces. The country reported no new cases of the virus for a third straight day on Thursday. The raggedy hairstyles and scruffy beards have been there for all to see on […]
Domestic stock markets trimmed losses after falling 2 per cent in early trade on Thursday amid weakness in global equities, a day after Finance Minister Nirmala Sitharaman detailed the first set of measures under the government’s “Atma Nirbhar Bharat” economic package. The S&P BSE Sensex index fell as much as […]
JOHOR BAHRU: The Johor state government will establish an investment company in Singapore to improve trade links between both sides, Chief Minister Hasni Mohammad said on Thursday (May 14). Speaking at a press conference, Mr Hasni said the state-owned company, called the Johor Investment Company (JICO), will be setting up […]