SINGAPORE: SingPass holders will be able to sign up for DBS’ digital banking services by taking a picture of themselves through the use of face verification technology, following a rise in digital banking amid the COVID-19 pandemic. The pilot programme aims to benefit more than 1 million DBS customers who […]
Business
BANGKOK: Thailand recorded no foreign tourist arrivals and spending for a third straight month in June, as borders remained closed amid the pandemic, with a 66 per cent year-on-year drop in the January to June period to 6.69 million visitors, tourism ministry data showed. From January to June, spending by […]
Twitter said on Tuesday (Jul 28) it had restricted Donald Trump Jr.’s ability to tweet from his account for 12 hours, after it required him to delete a post that violated the social media site’s policy on coronavirus misinformation. The eldest son of U.S. President Donald Trump posted a since-deleted […]
FRANKFURT AM MAIN: Germany’s finance and economy ministers will be grilled by lawmakers on Wednesday (Jul 29) about the massive fraud scandal that brought down payments provider Wirecard, amid criticism that authorities failed to act on early warning signs. Wirecard filed for insolvency last month after admitting that €1.9 billion […]
SEOUL: Tesla Inc Chief Executive Officer Elon Musk said on Tuesday (Jul 28) that the company is open to licensing software and supplying powertrains and batteries. Tesla has previously supplied batteries to Mercedes and Toyota Motor under separate partnership deals. Battery manufacturing is an area that analysts and industry officials […]
CHICAGO: The largest US air carriers have all signed letters of intent on federal loans to help them weather the coronavirus, with United Airlines warning employees on Tuesday (Jul 28) that a surge in outbreaks was hitting bookings, threatening a travel rebound and jobs. United employees should expect to receive […]
WASHINGTON: The chief executives of four of the world’s largest tech companies –Amazon, Facebook, Apple and Google – plan to argue in a congressional hearing on antitrust on Wednesday (Jul 29) that they face intense competition from each other and from other rivals. The testimony from Amazon’s Jeff Bezos, Facebook’s […]
SINGAPORE: Singapore’s overall unemployment rate rose in the second quarter to its highest level in more than a decade, as retrenchments more than doubled and total employment declined amid the COVID-19 pandemic. The overall unemployment rate rose to 2.9 per cent from 2.4 per cent in the preceding quarter, while […]
Shares of Japan’s Mitsubishi Motors Corp plunged more than 10per cent to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year. TOKYO: Japan’s Mitsubishi Motors faced doubts about a quick recovery after posting […]
Remington Arms Co on Monday filed for Chapter 11 bankruptcy protection for the second time in two years as the U.S. gunmaker faced financial troubles partly because some retailers placed restrictions on gun sales after school shootings. REUTERS: Remington Arms Co on Monday filed for Chapter 11 bankruptcy protection for […]