SINGAPORE: Singapore’s manufacturing output continued its decline in June, with demand down in all clusters except electronics and precision engineering. Industrial production fell 6.7 per cent year-on-year in June, extending May’s revised 8.1 per cent decline, the Economic Development Board (EDB) said in a media release on Friday (Jul 24). […]
Business
HONG KONG: Casinos in the world’s biggest gambling hub Macau are staring at heavy losses for the second quarter, with “not much hope” for a near-term recovery as a resurgence in coronavirus cases muddies the outlook for when China will reinstate travel visas. Visitors from greater China make up for […]
ALEXANDRIA, Virginia: Shares of Moderna fell nearly 10 per cent after it lost a bid to invalidate a US patent owned by Arbutus Biopharma that poses a potential obstacle to Moderna’s efforts to develop next-generation vaccines, including a COVID-19 vaccine. An administrative court run by the US Patent and Trademark […]
SINGAPORE: Private home prices in Singapore in the second quarter edged up 0.3 per cent from the previous quarter, while transactions fell to its lowest in more than two years amid the COVID-19 pandemic, updated data from the Urban Redevelopment Authority (URA) showed on Friday (Jul 24). The private residential […]
DUBAI: Emirates, the largest airline in the Middle East, will cover customers’ coronavirus-related medical costs in a bid to “boost travel confidence”, the Dubai Media Office said Thursday (Jul 23). “Emirates will cover its passengers for COVID-19 related medical expenses and quarantine costs when they travel on board Emirates, to […]
SINGAPORE: The number of Housing and Development Board (HDB) flats sold in the resale market in the second quarter plunged 41.9 per cent amid the COVID-19 “circuit breaker” period. Official figures released on Friday (Jul 24) showed a total of 3,426 flats were sold from April to June, falling from […]
NEW YORK: Fitbit and other wearable devices typically linked to exercise are being studied as ways to identify people who are potentially infected with COVID-19 before symptoms appear, when they can unknowingly spread the disease. Changes in heart rate, respiratory rate, and other biometrics measured constantly by the devices may […]
The European Union is rising to the occasion in these troubled times, while American exceptionalism has taken a beating, says Yale professor Stephen S Roach. NEW HAVEN, Connecticut: I have been a hardcore Euroskeptic and long been critical of Europe’s Economic and Monetary Union (EMU) as a dysfunctional currency area. […]
NEW DELHI: India on Thursday (Jul 23) said bidders from bordering countries eyeing government contracts would need prior registration and security clearances, a move seen as New Delhi’s latest effort to counter China following a border clash between the two nations. The Indian government’s statement said the decision was taken […]
SINGAPORE: The Great Singapore Sale (GSS) will be an online affair this year, with online deals, virtual workshops, live-streaming activities and technology like virtual reality for shoppers to create a “new norm” shopping experience amid the COVID-19 pandemic. The annual sale, which is called “eGSS: Shop. Win. Experience” this year, […]