REUTERS: The Court of Arbitration of Sport’s (CAS) decision to overturn Manchester City’s two-year UEFA ban from European football while fining them €10 million (£9.09 million) is a disgrace, Tottenham Hotspur manager Jose Mourinho said on Tuesday (Jul 14). UEFA ruled in February that City had committed serious breaches of […]
Year: 2020
SINGAPORE: Singapore and Malaysia have set Aug 10 as the target date to start cross-border travel between the two countries for some residents and business travellers. Both countries have agreed to implement two schemes – the Reciprocal Green Lane and Periodic Commuting Arrangement, said a joint statement issued on Tuesday […]
Three of the largest U.S. banks said on Tuesday they had set aside a whopping US$28 billion for loan losses, in a stark reminder that much of the economic pain from the coronavirus pandemic is still to come. NEW YORK: Three of the largest U.S. banks said on Tuesday they […]
LONDON/BRUSSELS: Britain’s decision to ban China’s Huawei from its 5G network increases further pressure on EU countries to impose stricter limits on the world’s largest telecoms equipment maker just as the company expands its footprint across Europe. Prime Minister Boris Johnson announced the Huawei ban on Tuesday, frustrating Beijing but […]
U.S. retail giant Walmart will lead a US$1.2 billion investment in its Indian e-commerce unit Flipkart, giving it a valuation of US$24.9 billion, Flipkart said on Tuesday. BENGALURU: Flipkart will raise US$1.2 billion in funding led by majority owner Walmart Inc, the Indian e-commerce firm said on Tuesday, as it […]
Sylvia’s, a soul food restaurant on Malcolm X Boulevard in Harlem, New York, saw a welcome bump in donations and revenue from new customers in early June following calls to “buy Black” after the death of George Floyd. NEW YORK: Sylvia’s, a soul food restaurant on Malcolm X Boulevard in […]
Bharti Airtel Ltd is partnering with Verizon Communications Inc’s BlueJeans to launch a business-focused video conferencing tool, the Indian wireless carrier said on Tuesday. NEW DELHI: Bharti Airtel Ltd is partnering with Verizon Communications Inc’s BlueJeans to launch a business-focused video conferencing tool, the Indian wireless carrier said on Tuesday. […]
JPMorgan Chase & Co beat Wall Street estimates for profit in the second quarter due to a surge in trading revenue, while it set aside a record US$10.5 billion to brace for rising defaults as the United States slides into one of the worst recessions in decades. REUTERS: JPMorgan Chase […]
Citigroup Inc reported a nearly 73 per cent plunge in quarterly profit on Tuesday as the bank set aside US$5.6 billion to brace itself for a potential surge in loan defaults stemming from the coronavirus outbreak. The New York-based bank reported a profit of US$1.32 billion, or 50 cents per […]
LONDON: Prime Minister Boris Johnson on Tuesday (Jul 14) ordered Huawei equipment to be purged completely from Britain’s 5G network by 2027, risking the ire of China by signalling that the world’s biggest telecoms equipment maker is no longer welcome in the West. The seven-year lag will please British telecoms […]