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. […]
Business
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, […]
Southwest Airlines Co on Thursday warned that travel demand would remain depressed until a vaccine or treatment for COVID-19 becomes available, as it posted a US$915 million loss for the second quarter. REUTERS: Southwest Airlines Co on Thursday warned that travel demand would remain depressed until a vaccine or treatment […]
Volkswagen AG, Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday. REUTERS: Volkswagen AG, Europe’s largest automaker, is expanding its cloud-based software and data portal, […]
France’s newly-appointed Environment Minister Barbara Pompili said on Thursday she would push to pause the development of warehouses used by online businesses such as Amazon, in a possible setback for the e-commerce giant. PARIS: France’s newly-appointed Environment Minister Barbara Pompili said on Thursday she would push to pause the development […]
The chief executives of four of the largest U.S. tech companies plan to deflect criticism next week in a Congressional hearing into their use of market power to hurt rivals by saying they themselves face competition and by debunking claims they are so dominant. WASHINGTON: The chief executives of four […]
REUTERS: Volkswagen, Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday (Jul 23). VW’s “industrial cloud” was designed in partnership with Amazon Web Services and eventually […]
SINGAPORE: Marina Bay Sands (MBS) has reported an earnings before interest, tax, depreciation and amortisation (EBITDA) loss of US$113 million in the second quarter of 2020, a period that coincided with Singapore’s COVID-19 “circuit breaker” period. The figure is in contrast with the US$346 million EBITDA profit it made between […]
SINGAPORE: Singapore’s core inflation dropped 0.2 per cent year-on-year in June, the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said in a joint news release on Thursday (Jul 23). The drop in June continues from the 0.2 per cent year-on-year decrease recorded in May. This […]