BRUSSELS: European Union leaders clinched a deal on Tuesday (Jul 21) for a huge stimulus package which the European Commission has said will make fighting climate change central to Europe’s economic recovery from the COVID-19 pandemic. Climate advocates said the final deal – a €1.074 trillion EU budget for 2021-27, […]
Business
SEOUL: South Korea on Wednesday (Jul 22) scaled back plans to impose capital gains taxes on stock investments in response to complaints by retail investors, but said it will hike taxes for top earners as part of changes in its annual tax code revision. It comes after retail investors took […]
SINGAPORE: A risk management framework for business events of up to 50 attendees has been developed by the Singapore Tourism Board (STB), and it will be trialed with two pilot events before gradually scaling up to other events. Business-to-business (B2B) events such as meetings, conventions, exhibitions and trade shows have […]
SYDNEY: Hong Kong’s Cathay Pacific Airways said on Wednesday (Jul 22) it had reached agreement with Airbus to delay the delivery of A350s and A321neos and was in advanced talks with Boeing about deferring its 777-9 orders. The airline said the A350s due to arrive in 2020 and 2021 were […]
LONDON: Royal Bank of Scotland has hired climate change expert Nicholas Stern to help shape its sustainability strategy as the state-backed lender prepares to rebrand as NatWest Group. RBS Chief Executive Alison Rose has made helping to tackle climate change a big part of her strategy to rebuild its brand […]
SAN FRANCISCO: Twitter said on Tuesday (Jul 22) it would permanently suspend accounts that violate its policies while tweeting about QAnon, a fringe group that claims “deep-state” traitors are plotting against President Donald Trump. Twitter, which announced the change on its Twitter Safety page, said it would not serve content […]
SYDNEY: Qantas Airways Ltd chief executive Alan Joyce signed the carrier’s last Boeing Co 747 jet at Sydney airport on Wednesday (Jul 22), shortly before it was due to fly to the Mojave Desert for a retirement brought forward by the coronavirus pandemic. The journey marks the final flight for […]
Asia shares were set to open lower on Wednesday after U.S. President Donald Trump’s comments regarding the country’s surge in novel coronavirus cases outweighed a slight rally on Wall Street. NEW YORK: Asia shares were set to open lower on Wednesday after U.S. President Donald Trump’s comments regarding the country’s […]
CHICAGO: United Airlines Holdings Inc warned on Tuesday that travel demand will remain suppressed until there is a widely accepted treatment or vaccine for COVID-19, which plunged the carrier to a deep quarterly loss on Tuesday. Coronavirus infections are surging in the United States, causing some states to scale back […]
How China manages its new economic role, in the context of a growing East Asian trade architecture, will be key to reversing the losses of the trade war, say observers. WALTHAM, Massachusetts: The Trump administration is ramping up pressure on China, including sending additional troops and two aircraft carriers to […]