WASHINGTON: Despite some signs of recovery, the global economy faces continued challenges, including the possibility of a second wave of COVID-19, and governments should keep their support programs in place, the International Monetary Fund (IMF) chief Kristalina Georgieva said on Thursday (Jul 16). Activity “has started to gradually strengthen … […]
Day: July 15, 2020
ANKARA: Seven Turkish security personnel have died after their plane crashed into a mountain in the east of the country, state media reported on Thursday (Jul 16). The reconnaissance plane crashed into Mount Artos, a dormant volcano in the province of Van, Anadolu news agency reported interior minister Suleyman Soylu […]
Tesla Inc’s vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from Cross-Sell, a marketing research firm that collates title and registration data. REUTERS: Tesla Inc’s vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to […]
SAN FRANCISCO: The extraordinary hacking spree that hit Twitter on Wednesday (Jul 15), leading it to briefly muzzle some of its most widely followed accounts, is drawing questions about the platform’s security and resilience in the run-up to the US presidential election. Twitter said late on Wednesday hackers obtained control […]
A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and Exxon Mobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure on the sector’s climate stance grows. FILE PHOTO: An Exxon sign is seen […]
SYDNEY: Australia’s unemployment rate in June climbed to the highest in 22 years as workers re-entering the workforce were unable to find jobs, official data showed on Thursday (Jul 16). The unemployment rate shot up to 7.4 per cent in June, from 7.1 per cent in May, and the highest […]
SINGAPORE: The Monetary Authority of Singapore (MAS) said on Thursday (Jul 16) that net profit in its last financial year fell 44.8 per cent, after investment income took a hit from sharp declines in the global markets. Net profit for the year ended Mar 31 came in at S$10.6 billion, […]
SINGAPORE: OCBC customers can now use their SingPass to log in to their accounts with the bank, the lender said on Thursday (Jul 16). This comes after OCBC rolled out the use of SingPass Mobile app on Jul 4 as an alternative login to access its digital bank services. The […]
BEIJING: China’s economy grew 3.2 per cent in the second quarter from a year earlier, data showed on Thursday (Jul 16), recovering from a record contraction as lockdown measures ended and policymakers stepped up stimulus to combat the shock from the coronavirus crisis. The growth was faster than the 2.5 […]
WASHINGTON: US President Donald Trump has not ruled out additional sanctions on top Chinese officials as a result of actions he took on Tuesday (Jul 14) to punish China for its handling of Hong Kong, a spokesperson for the White House National Security Council said on Wednesday. The Hong Kong […]