The head of the World Trade Organization has said he will step down a year earlier than planned, at a crucial moment for the global economy. Roberto Azevedo’s surprise departure comes as the WTO faces the impact of the coronavirus pandemic and criticism from US President Donald Trump. Global trade […]
Day: May 14, 2020
The coronavirus pandemic could cost the global economy between $5.8tn and $8.8tn (£4.8tn-£7.2tn), according to Asian Development Bank (ADB). That’s more than double last month’s prediction and equates to 6.4%-9.7% of the world’s economic output. It comes as measures to slow the spread of Covid-19 continue to paralyse economic activity […]
BEIJING: China’s industrial output returned to growth for the first time this year in April, official data showed Friday (May 15), as the country continued its gradual recovery after the coronavirus brought activity to a near-halt. Industrial production grew a more-than-expected 3.9 per cent year-on-year last month in a sign […]
KUALA LUMPUR: Malaysian prosecutors on Thursday (May 14) dropped money laundering charges linked to the 1Malaysia Development Berhad (1MDB) scandal against one of the producers of Hollywood hit The Wolf of Wall Street after he agreed a settlement with the government. Malaysia’s anti-corruption commission said it will recover overseas assets […]
In 1995, a young Tibetan boy Gedhun Choekyi Nyima was recognised as the 11th Panchen Lama, the second highest spiritual authority in Tibetan Buddhism after Dalai Lama. The United States has urged China to release Tibetan Buddhism’s 11th Panchen Lama, who was taken into captivity at the age of six […]
WASHINGTON: The US negotiator on Afghanistan blamed the Islamic State group Thursday (May 14) for the shocking attack on a maternity hospital as he urged the government and Taliban to stick to a faltering peace process. Zalmay Khalilzad said the US government had assessed that the Islamic State in Khorasan, […]
At about $5 a serving, tear gas ice cream has been a hit Tear gas is among the new flavors at a Hong Kong ice cream shop. The main ingredient is black peppercorns, a reminder of the pungent, peppery rounds fired by police on the streets of the semi-autonomous Chinese […]
HONG KONG: Hong Kong’s police watchdog will release a much-anticipated report on Friday (May 15) following a review of the handling of months of often violent anti-government protests last year that plunged the city into crisis. The Independent Police Complaints Council (IPCC) studied officers’ behaviour in the months after June […]
The modelling study indicates that each additional week of disruption to hospital services will be associated with a further 2.4 million cancellations. More than 580,000 planned surgeries in India might be cancelled or delayed as a result of the COVID-19 pandemic, according to a study conducted by an international […]
MANILA: More than 140,000 people were forced into cramped shelters as a powerful typhoon hammered the Philippines on Friday (May 15), compounding the nation’s battle with the COVID-19 pandemic. Typhoon Vongfong has dumped heavy rains since it roared ashore on Thursday, with hundreds of thousands of vulnerable people in its […]