BENGALURU: India’s ShareChat, a short video-sharing platform backed by Google and Temasek, said on Monday it let go of around 20 per cent of its employees, as startups face increasing pressure from investors to cut costs. “There is a growing market consensus that the current global economic downturn would be […]
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MELBOURNE : Jessica Pegula says she is happy to keep flying under the radar at the Australian Open after the American breezed into the second round on Monday with a 6-0 6-1 win over Romania’s Jaqueline Cristian. World number three Pegula, 28, attracted more media attention earlier this month due […]
KYIV: Kyiv can expect more deliveries of heavy weapons from Western countries soon, NATO said on Sunday (Jan 15), as President Vladimir Putin praised his forces after their claimed capture of a Ukraine town. The death toll from Russian missile strike on a tower block in the eastern city of […]
SHANGHAI : Investors should avoid Chinese currency risk and adapt to higher foreign exchange volatility, three state financial newspapers in Shanghai and Beijing said in front-page commentaries on Tuesday after more than a week of strong gains by the yuan. The currency may have strengthened, but this year it would […]
SHANGHAI: Tesla cut car prices in China for the second time in less than three months on Friday (Jan 6), deepening its discounts in the world’s largest auto market as competition picks up and the demand outlook darkens. The latest cut, along with a reduction in October as well as […]
SEOUL: South Korean President Yoon Suk-yeol said today he would consider suspending a 2018 inter-Korean military pact if North Korea violates its airspace again, Yonhap news agency reported, citing his press secretary. Yoon made the comment after being briefed on countermeasures to North Korean drones that crossed into the South […]
BEIJING: Global health officials tried to determine the facts of China’s raging Covid-19 outbreak and how to prevent a further spread as the government’s mouthpiece newspaper today rallied citizens for a “final victory” over the virus. China’s axing of its stringent anti-virus controls last month has unleashed Covid on a […]
BEIJING: China’s manufacturing activity contracted sharply in December for the third month in a row, according to official figures released on Saturday (Dec 31), despite Beijing’s loosening of COVID-19 restrictions at the beginning of the month. The Purchasing Managers’ Index (PMI) – a key gauge of manufacturing in the world’s […]
BEIJING: Chinese state-media said Covid testing requirements imposed by several places around the world in response to a surging wave of infections were “discriminatory”, in the clearest pushback yet against restrictions that are slowing down its re-opening. Having kept its borders all but shut for three years, imposing a strict […]
China will scrap quarantine for travellers from 8 January, officials said, marking the last major shift from the country’s zero-Covid policy. Travellers wait with their luggage at Beijing Capital International Airport, amid the coronavirus disease (COVID-19) outbreak in Beijing, China December 27, 2022. After three years of closed borders, […]