LONDON/TOKYO: Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the coronavirus pandemic. Just over 18 million people have been infected by the […]
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MANILA: The Philippines stock market tumbled on Monday (Aug 3) after the government reimposed coronavirus lockdown measures in and around Manila in response to fresh outbreaks, dashing hopes of a swifter economic recovery. The restrictions, due to take effect from Tuesday, are being reinstated after a group of doctors and […]
Zoom Video Communications will shift to a partner-only model in mainland China from Aug. 23, the company said on Monday. SHANGHAI: Zoom Video Communications will shift to a partner-only model in mainland China from Aug. 23, the company said on Monday. Users in mainland China may continue to join Zoom […]
BEIJING: China said on Monday (Aug 3) it will suspend its extradition agreement with New Zealand in response to Wellington suspending its existing extradition treaty with Hong Kong. Chinese foreign ministry spokesman Wang Wenbin announced the decision at a daily briefing. New Zealand last week suspended its extradition treaty with […]
MELBOURNE: Australia’s second-biggest city Melbourne, already under night curfew, announced fresh restrictions on industries on Monday (Aug 3), including retail and construction, as it steps up desperate efforts to contain the spread of a resurgent coronavirus. From Wednesday night, Melbourne will close retail, some manufacturing and administrative businesses as part […]
A new campaign called “Badvertising” is demanding an immediate end to adverts for large polluting cars. It says the government should clamp down on sports utility vehicle (SUV) car adverts in the way it curbed smoking ads. A car industry spokesperson said modern SUVs are the cleanest in history, and […]
LOS ANGELES: More than 1,300 firefighters were battling a blaze that was burning out of control Sunday (Aug 3) in southern California, threatening thousands of people and homes east of Los Angeles. The so-called Apple Fire that broke out Friday near the city of San Bernardino has so far charred […]
Men’s Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the economic fallout from the COVID-19 crisis. REUTERS: Men’s Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to […]
China said on Monday that 28-nanometre chips that enable mobile devices to receive signals from the Beidou navigation system are in mass production and mass manufacturing of high-precision 22-nanometre positioning chips will soon kick off. BEIJING: China said on Monday that 28-nanometre chips that enable mobile devices to receive signals […]
HONG KONG: HSBC on Monday (Aug 3) said profits for the first half of 2020 plunged by 69 per cent on year as the banking giant was hammered by the COVID-19 pandemic and spiralling China-US tensions. The lender reported post-tax profits of US$3.1 billion while pre-tax profit was US$4.3 billion, […]