DUBAI: The IMF on Monday (Jul 13) again sharply lowered its Middle East and North Africa economic forecast, to its lowest level in 50 years, over the “twin shock” of the coronavirus pandemic and low oil prices. The region’s economy will contract by 5.7 per cent this year, and shrink […]
Year: 2020
Despite the overwhelming speeds at which the new fast-charging tech can charge your smartphone, there is also concern over the longevity of the battery. The smartphone market is evolving drastically and so is the need for fast charging. When customers consider buying a new smartphone, one of the key features […]
England centre Manu Tuilagi has joined Sale Sharks until the end of next season after leaving Leicester Tigers, the Premiership club announced on Monday. REUTERS: England centre Manu Tuilagi has joined Sale Sharks until the end of next season after leaving Leicester Tigers, the Premiership club announced on Monday. Tuilagi […]
NEW YORK: The Federal Reserve’s US$3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across US capital markets. The US central bank has pledged unlimited financial asset purchases to sustain market liquidity, increasing its balance sheet from US$4.2 trillion in […]
RIO DE JANEIRO: On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil’s state-run oil company Petrobras checked into the facility’s infirmary complaining of headaches and fever-like symptoms. Another Petrobras employee fell visibly ill the following day, three workers from the platform told Reuters. The sickness […]
Labour representatives at German carmaker Daimler said on Monday that discussions with management over cost cuts had become “rougher”, after a board member said over the weekend that more than 15,000 jobs were at risk. FRANKFURT: Labour representatives at German carmaker Daimler said on Monday that discussions with management over […]
As Fifi the llama munches on grass on a pasture in Reading, her immune system has provided the template for a coronavirus treatment breakthrough. Scientists from the UK’s Rosalind Franklin Institute have used Fifi’s specially evolved antibodies to make an immune-boosting therapy. The resulting llama-based, Covid-specific “antibody cocktail” could enter […]
REUTERS: PepsiCo beat analysts’ estimates for quarterly revenue and profit on Monday (Jul 13), helped by a surge in demand for snacks including Fritos and Cheetos during lockdowns triggered by the COVID-19 pandemic. Consumers stocked up on snacks, from potato chips to dips, as many were forced to work from […]
Alphabet Inc’s Google on Monday said it would spend around US$10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. FILE PHOTO: Sundar Pichai, Chief Executive Officer of Alphabet, at the 50th World Economic Forum […]
World shares were approaching a five-month peak and the dollar slipped on Monday as investors wagered the earnings season would see most companies beat forecasts given expectations had been lowered by coronavirus lockdowns. LONDON/SYDNEY: World shares were approaching a five-month peak and the dollar slipped on Monday as investors wagered […]