BEIJING: Bitcoin plunged below US$40,000 for the first time in more than three months on Wednesday (May 19) after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them. The comments sent the unit diving more than 10 per cent and dealt it […]
Business
HANOI: Vietnam’s northern province of Bac Giang ordered on Tuesday (May 18) four industrial parks, including three that house production facilities of Taiwan’s Foxconn, to temporarily shut down due to an outbreak of COVID-19. The industrial parks will be closed until further notice, the province’s People’s Committee said in a […]
Despite restrictions from the US government, Huawei is still continutes to introduce new models for its flagship P-series. After several months of speculation, we have what appears to be the clearest look yet at the upcoming Huawei P50 series. These high-resolution renders were shared by @RODENT950 on Twitter and it […]
TAIPEI: Taiwan’s economic prospects are bright and growth this year will come in as expected as long as the COVID-19 situation can be brought under control quickly, the government said on Sunday (May 16), adding that the impact of a recent spike in cases was limited. Export-dependent Taiwan raised its […]
SINGAPORE: Singapore is stepping up enforcement of COVID-19 safe management measures to ensure compliance by nightlife operators who have pivoted to the food and beverage industry. This is because breaches by such establishments are “flagrant” and carry much higher public health risks, said the Ministry of Sustainability and the Environment […]
KUALA LUMPUR: The United States seized latex gloves made by Malaysian firm Top Glove after a shipment was found in Kansas City despite an import ban on its products over forced labour allegations, US Customs said on Wednesday (May 12). In a statement, the US Customs and Border Protection said […]
The UK economy shrank by 1.5% in the first quarter of 2021, as the country experienced a lengthy winter lockdown. School closures and a large fall in retail sales earlier in the quarter dragged down economic growth, said the Office for National Statistics. The economy is now 8.7% smaller than […]
Shares in Chinese food delivery giant Meituan have fallen sharply after its boss reportedly shared a 1,000-year-old poem on social media. The Book Burning Pit by Zhang Jie was posted, then deleted, by the firm’s billionaire chief executive, Wang Xing. The Tang dynasty poem was interpreted as a veiled criticism […]
The Treasury Department on Monday (May 10) launched its US$350 billion program to distribute aid to state and local governments, giving the US economy an added boost as President Joe Biden sought to assure the country that stronger growth is coming. The aid is part of Biden’s larger US$1.9 trillion […]
MADRID: As its vaccination drive reaches a third of adults and Covid-19 infections ease, Europe is starting to reopen cities and beaches, raising hopes that this summer’s holiday season can be saved before it is too late. Exhilarated Spaniards chanting “freedom” danced in the streets as a Covid-19 curfew ended […]