Shares and bonds in China Evergrande, the country’s most indebted developer, plunged for a second day on Tuesday, after sales of two real estate projects were suspended by local authorities, escalating worries over its financial health. SHANGHAI: Shares and bonds in China Evergrande, the country’s most indebted developer, plunged for […]
Business
TOKYO: Tokyo 2020 sponsor Toyota will not run Olympics-related TV commercials amid lacklustre public support for the Olympics, with two-thirds of Japanese doubting organisers can keep the Games safe during the COVID-19 pandemic, according to a local media poll. Chief Executive Officer of Toyota Motor, Akio Toyoda, and other executives […]
WASHINGTON: The United States and its allies accused China on Monday (Jul 19) of a global cyberespionage campaign, mustering an unusually broad coalition of countries to publicly call out Beijing for hacking. The United States was joined by NATO, the European Union, Britain, Australia, Japan, New Zealand and Canada in […]
Bitcoin investment products and funds registered outflows for a second consecutive week, according to data from digital asset manager CoinShares released on Monday, highlighting investors’ cautious sentiment on the cryptocurrency sector as prices continued to stall. NEW YORK: Bitcoin investment products and funds registered outflows for a second consecutive week, […]
TAIPEI: BioNTech SE had planned to send Taiwan five million Covid-19 vaccine doses by July under an original deal which collapsed in January, Taipei’s top diplomat in Berlin said today, detailing how the highly politicised agreement came apart. Taiwan had tried for months to get the vaccine from the German […]
WELLINGTON: New Zealand’s Jacinda Ardern on Monday (Jul 12) announced a hastily convened virtual meeting of APEC leaders this week to discuss the Asia-Pacific region’s response to the COVID-19 pandemic and its economic impact. Ardern is scheduled to host the annual 21-nation Asia-Pacific Economic Cooperation (APEC) summit online in November, […]
WASHINGTON: A cartridge of Nintendo’s classic video game Super Mario 64 set a world record on Monday (Jul 12), selling at auction for US$1.56 million. The sale, the first ever of a game cartridge to surpass US$1 million, came just two days after a sealed copy of The Legend of […]
VANCOUVER: A Canadian judge has denied Huawei Chief Financial Officer Meng Wanzhou’s application to add a trove of documents her legal team received from HSBC as evidence to her US extradition case, the judge announced yesterday. Meng, 49, is facing extradition from Canada to the United States on charges of […]
SINGAPORE: Indonesia’s Bukalapak launched an up to US$1.13 billion initial public offering ahead of next month’s listing, marking the country’s biggest issue in more than a decade amid rising investor appetite for tech stocks in a region boasting a growing consumer class, according to a term sheet seen by Reuters. […]
U.S. Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial markets by the “highly opaque and volatile” cryptocurrency market and blasted its lack of regulation as unsustainable. WASHINGTON: U.S. Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial […]