WASHINGTON: U.S. federal employees would be barred from using Chinese-owned mobile video app TikTok on government-issued devices under a bill that passed a U.S. Senate Committee on Wednesday, as lawmakers feared the security of users’ personal data. The “No TikTok on Government Devices Act” from Senator Josh Hawley was passed […]
Business
SYDNEY: Australia warned on Thursday (Jul 23) that its economy will shrink at its fastest pace in history during the second quarter, while the budget deficit will be the biggest since the World War II as the country battles to contain the impact of the coronavirus. The government has stumped […]
WASHINGTON: The U.S. government will pay nearly US$2 billion to buy enough of a COVID-19 vaccine being developed by Pfizer Inc and German biotech BioNTech SE to innoculate 50 million people if it proves to be safe and effective, the companies said on Wednesday. The contract for 100 million doses […]
Microsoft Corp’s flagship cloud computing business Azure reported quarterly sales growth of under 50per cent for the first time ever on Wednesday, sending the tech giant’s shares down 2per cent. REUTERS: Microsoft Corp’s flagship cloud computing business Azure reported quarterly sales growth of under 50per cent for the first time […]
PARIS: Many workers’ lives have been abruptly upended by the coronavirus pandemic, as job losses in tourism, air travel, food and drink or other industries hit those both on fixed contracts and in the informal sector. From employees making a comfortable living, to others just scraping by, people around the […]
NEW YORK: A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency. The buck is down 8per cent from its highs of the year against a basket of currencies and […]
What do you do when you need to see a doctor during a pandemic, but you’re worried about the spread of a mysterious and highly infectious new virus? For some patients, the solution this COVID-19 pandemic is telemedicine. Money Mind reports. SINGAPORE: Telehealth has been given a boost during the […]
SINGAPORE: Residents of Singapore are being encouraged to take a local holiday – dubbed a “Singapoliday” – and rediscover their home country while supporting local business through a S$45 million marketing campaign over the next nine months by the Singapore Tourism Board (STB) and other agencies. “The campaign will offer […]
SAN FRANCISCO: Twitter Inc , bruised by a hack last week that compromised the accounts of high-profile users, may have to account for a different embarrassment when it reports earnings to investors on Thursday: paltry ad revenue. The social media company said in April that it had sped up work […]
SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Jul 22). For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$32,699, down from S$33,520 in the last exercise. Premiums for larger and more powerful cars […]