WASHINGTON: The United States has doubled its investment – to nearly US$1 billion – to expedite development of a potential COVID-19 vaccine by American firm Moderna, which on Monday (Jul 27) begins the decisive final phase of clinical trials. The government now plans to spend up to US$472 million on […]
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China should be firm in adopting an expansionary fiscal policy aimed at accelerating economic growth, says Yu Yongding. BEIJING: COVID-19 hit the Chinese economy hard in the first quarter of 2020, causing real GDP to contract by 6.8 per cent year on year. But since the city of Wuhan emerged […]
BERLIN: Business software group SAP said on Sunday it planned to float Qualtrics, the U.S. specialist in measuring online customer sentiment, which it acquired in late 2018 for US$8 billion. The move to float Qualtrics in the United States would partly unwind the final major acquisition of former Chief Executive […]
BERLIN: Germany must toughen its rules for auditing and accounting to prevent another billion-euro scam like the Wirecard scandal, Bundesbank President Jens Weidmann said in a newspaper interview published on Monday (Jul 26). Payment services company Wirecard filed for insolvency last month after admitting that €1.9 billion supposedly held in […]
WASHINGTON: The US economy will grow on the order of 20 per cent in the third and fourth quarters, a top White House economic adviser predicted on Sunday (Jul 26), despite reopening setbacks linked to a coronavirus resurgence. “I don’t deny that some of these hotspot states moderate that recovery, […]
SAO PAULO: Brazil registered an additional 555 deaths attributable to the novel coronavirus over the last 24 hours and another 24,578 confirmed cases, the health ministry said on Sunday (Jul 26). The South American nation has now registered 87,004 deaths and 2,419,091 total confirmed cases.
Singapore: Newly-promoted minister Edwin Tong will resign as vice-president of the Football Association of Singapore (FAS), following his appointment as Minister for Culture, Community and Youth. In a statement on Sunday (Jul 26), FAS said Mr Tong’s decision was related to his Cabinet appointment on Saturday and he would be […]
SINGAPORE: Singapore and Malaysia have settled arrangements for cross-border travel between both countries, but are not yet ready to allow daily commuting, said Singapore’s Minister for Foreign Affairs Vivian Balakrishnan. Dr Balakrishnan was speaking to Singapore reporters at the Woodlands Immigration and Checkpoints Authority building on Sunday (Jul 26) morning […]
WASHINGTON: Washington has dispatched a special envoy for Afghanistan to press for peace talks between the government and Taliban fighters, with the diplomat scheduled to visit Kabul on a trip with stops in five nations, the US State Department said on Saturday (Jul 25). US Special Representative for Afghanistan Zalmay […]
RENNES, France: A man who was held and released last week by French police investigating a fire at the gothic cathedral of Nantes was on Saturday (Jul 25) rearrested, prosecutors said. The fire broke out on July 18, hours after the volunteer alter server at the cathedral closed the building […]