TOULOUSE, France: Airbus workers began a brief strike on Wednesday (Jul 8) over plans to cut up to 15,000 jobs in response to the coronavirus crisis, which has stripped demand for jets as airlines cope with a plunge in tourism and business travel. Unions said up to 8,000 workers were […]
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HONG KONG: Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than US$200 billion, said two sources with knowledge of the matter. The world’s most valuable tech “unicorn” had been looking to sell […]
BERLIN: Around four-fifths of German firms with foreign exposure have experienced a collapse in revenues as a result of the coronavirus crisis, and 93 per cent expect global economic conditions to improve only in 2021 or later, according to a survey. The survey for the German Chambers of Commerce showed […]
BENGALURU: Amazon.com has invested 23.10 billion rupees (US$308.02 million) in Amazon Seller Services, an Indian unit, strengthening the business at a time when more people shop online in a bid to avoid crowded public places. Amazon Singapore made a significant portion of financing, data from business intelligence firm Tofler showed. […]
BEIJING: Orders for infrastructure materials and equipment have helped industrial output recover faster in China than most places emerging from COVID-19 lockdowns, but further expansion will be hard to attain without stronger broad-based demand and exports. Prices of copper and steel have surged and share prices for Chinese blue chips […]
REUTERS: Chelsea manager Frank Lampard believes Christian Pulisic has taken his game to another level after the forward scored in Tuesday’s (Jul 7) 3-2 Premier League victory at Crystal Palace. The 21-year-old, who became the most expensive American soccer player when he joined Chelsea in January 2019 for €64 million […]
GENEVA: Six candidates are vying to become the next head of the World Trade Organization – an institution which faced mammoth challenges even before the pandemic-driven global economic crisis struck. The window to enter the race slams shut on Wednesday (Jul 8), in a speeded-up contest to replace the outgoing […]
LONDON: Pakistan leg-spinner Yasir Shah plans to torment England with the googly and fancies a century against them with the bat in the three-test series in August, the 34-year-old has said. Yasir became the fastest bowler to claim 200 test wickets in late 2018 but has not been able to […]
SYDNEY: Australia’s footballers’ union lashed out on Wednesday (Jul 8) at “unacceptable” chaos after three Melbourne-based A-League teams were prevented from leaving Victoria for a second time with borders shutting as coronavirus cases surge. The top flight A-League is due to resume next week but Melbourne City, Melbourne Victory and […]
SYDNEY: Outspoken Australian Nick Kyrgios questioned Dominic Thiem’s intellect Wednesday (Jul 8) after the world number three told him to stop criticising fellow tennis stars Alexander Zverev and Novak Djokovic for taking risks with the coronavirus. Kyrgios said Thiem wasn’t on the same “intellectual level” after the Austrian called his […]