WASHINGTON: The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said on Monday (Jun 8). The world economy is expected to contract by 5.2 per cent this year – the worst […]
News
NEW YORK: Exactly 100 days after the first coronavirus case was confirmed in New York City, some workers began returning to jobs on Monday (Jun 8) at the start of reopening from a citywide shutdown to battle the epidemic that killed nearly 22,000 of its residents. People who had been […]
WASHINGTON: President Donald Trump on Monday (Jun 8) pledged to maintain funding for police departments in the United States amid growing calls for sweeping cuts to law enforcement budgets as protesters clamoured for an end to police brutality following the death of George Floyd in police custody in Minneapolis last […]
The first Arab space mission to Mars is preparing to lift off within weeks. Fuelling is due to begin next week. The UAE believes its Hope project will prove a game-changer for space exploration It will take seven months to travel the 493 million km (308 million miles) to […]
Britain is about to pass a significant landmark – at midnight on Wednesday it will have gone two full months without burning coal to generate power. A decade ago about 40% of the country’s electricity came from coal; coronavirus is part of the story, but far from all. When Britain […]
MINNEAPOLIS: A Minneapolis judge set a US$1 million bail for police officer Derek Chauvin on Monday (Jun 8) as he made his first court appearance charged with the murder of George Floyd, the 46-year-old African-American man whose death sparked nationwide protests. Chauvin, who was filmed on May 25 pressing his […]
LONDON: Manchester City and England footballer Raheem Sterling on Sunday (Jun 7) insisted that racism is “the only disease right now”. The 25-year-old, who has often and powerfully spoken out on discrimination, admitted his remarks may appear ill-chosen as the globe fights the coronavirus pandemic. “I know this might sound […]
SEOUL: The de facto leader of Samsung Group, Jay Y Lee, appeared before a South Korean court on Monday (Jun 8), awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom. Prosecutors on Thursday […]
LONDON: Williams driver George Russell completed a hat-trick of esports wins on Sunday (Jun 7) to knock Ferrari’s Charles Leclerc off the top of Formula One’s virtual grand prix standings with one race remaining. The Briton, who failed to score a point on the real racetrack last year in an […]
TOKYO: Japan’s economy braced for its worst postwar slump even as first-quarter GDP contracted less than initially thought, as the cornonavirus crisis slams the brakes on global growth and raises pressure on Tokyo to cushion the blow to business and consumers. Banks are doing their bit to help as lending […]