TOKYO: Off a narrow corridor above a store selling Persian rugs in central Tokyo, a small office houses a private operation that won a tender in April to distribute more than US$20 billion in government aid to businesses hit by the coronavirus. The agency, the Service Design Engineering Council, actually […]
Business
In times of trouble, countries coming together to formalise trade are doing the right thing, says one observer. CHRISTCHURCH: Did anyone notice that the United States–Mexico–Canada Agreement (USMCA), the revised North American Free Trade Agreement (NAFTA), entered into force on Jul 1? If not, do not be too concerned, as […]
WASHINGTON: California Attorney General Xavier Becerra has opened an investigation into steps that Amazon.com Inc has taken to protect its workers from the new coronavirus, according to a court filing on Monday. The attorney general’s office, California’s Division of Occupational Safety and Health and the San Francisco Department of Public […]
SHANGHAI: Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities. Zhang Yiming, founder of ByteDance, the operator of short video app TikTok, has plastered his Beijing headquarters with posters including […]
Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50per cent and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods in Asia’s third-largest economy. REUTERS: Chinese […]
HONG KONG: Gold hit a record high on Monday (Jul 27) as investors rushed into the safe-haven on concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus bill in Washington. After months of healthy rallies across equity markets, […]
SYDNEY: Australia’s competition regulator has launched court proceedings against Google for allegedly misleading consumers about the expanded use of personal data for targeted advertising. The case by the Australian Competition and Consumer Commission (ACCC) in Federal Court said Google did not explicitly get consent nor properly inform consumers about a […]
Amid a tide of retrenchments, hiring is all the more challenging with the deluge of applications swarming in, says the Financial Times’ Pilita Clark. LONDON: There was a moment on Wednesday morning last week when it looked as if something remarkable might happen. For a brief few hours, the flood […]
BEIJING: China’s thousands of state-owned enterprises, local governments and public institutions are expanding hiring as a record number of students graduate into a job market left reeling by the COVID-19 pandemic. Around 8.7 million Chinese students are graduating this year, almost half a million more than last year, heading into […]
U.S. stock futures slipped and Asian shares came under pressure in early Monday trade as tit-for-tat consulate closures in China and the United States fanned worries about worsening diplomatic ties between the world’s two largest economies. TOKYO: U.S. stock futures slipped and Asian shares came under pressure in early Monday […]