NEW YORK: A record high percentage of US companies are beating analysts’ forecasts this earnings season, giving investors a glimmer of hope in what is still expected to be the slowest profit period since the financial crisis. More than halfway through second-quarter earnings, 82.1 per cent of companies reporting have […]
Business
ZHENGZHOU: Biology student Ma Jingjing wandered the hall of a job fair in central China among other young Chinese hoping to find work in an economy crushed by the coronavirus pandemic. Ma, 26, is one of almost 9 million people graduating and entering the job market this year at a […]
LONDON: Two-thirds of British businesses say they are now “fully operational” after the coronavirus lockdown, up from half in June, according to a survey on Sunday (Aug 2). A further 21 per cent of the firms, polled in the first half of July by the Confederation of British Industry (CBI), […]
NEW YORK/WASHINGTON: China’s ByteDance has agreed to divest the US operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday […]
DUBAI: Kuwait has banned until further notice commercial flights to 31 countries it said that it regarded as high risk due to the spread of the coronavirus, the Directorate General of Civil Aviation said on Saturday (Aug 1). The countries include India, Pakistan, Egypt, the Philippines, Lebanon and Sri Lanka, […]
NEW YORK: President Donald Trump said on Friday (Jul 31) he would sign an executive order as soon as Saturday to ban fast-growing social media app TikTok in the United States, as American authorities have raised concerns the service could be a tool for Chinese intelligence. US officials and lawmakers […]
Cathay Pacific Airways said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic. HONG KONG: Cathay Pacific Airways said it will offer a voluntary scheme to its […]
HONG KONG: Gambling revenue in Macau plunged 94.5 per cent in July year-on-year, with casinos reeling from a lack of visitors in the world’s biggest casino hub despite a loosening of quarantine restrictions which have seen only a modest rise in gamblers. July’s figure of 1.3 billion patacas (US$162.9 million) […]
NEW YORK/WASHINGTON: President Donald Trump said on Friday (Jul 31) he would sign an executive order as soon as Saturday to ban fast-growing social media app TikTok in the United States, as American authorities have raised concerns the service could be a tool for Chinese intelligence. US officials and lawmakers […]
SINGAPORE: Another S$320 million has been set aside to extend foreign worker levy rebates for firms in the construction, marine shipyard and process sectors, said the Ministry of Manpower (MOM) on Saturday (Aug 1). The move follows feedback that the majority of about 15,000 firms in these sectors are still […]