BEIJING, May 7 — China’s services firms wallowed in contraction in April as layoffs hit a record and export orders plunged after signs of improvement in March, a private survey showed, dashing hopes of a quick recovery from the coronavirus blow. The Caixin/Markit services Purchasing Managers’ Index (PMI) did manage […]
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HONG KONG, May 7 — Asian markets dropped today as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures. With countries from Asia-Pacific to Europe and US states reopening their shattered economies, global equities have enjoyed […]
DUBAI, May 7 — In Dubai’s ritzy Marina district, white yachts are tethered to docks, standing idle — like many companies behind a luxury lifestyle industry battered by the coronavirus crisis. The boardwalks that snake around the precinct’s artificial bays and canals, once packed with tourists, mostly from China, Russia […]
LONDON, May 7 — Bitcoin miners, whose computer processors enable the running of the world’s most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry. So-called halving is when cryptocurrency-mining companies and individuals find out the reduced […]
BEIJING, May 7 — China’s exports unexpectedly rose in April for the first time this year, taking some pressure off manufacturers in the world’s second-largest economy after the coronavirus pandemic battered demand and disrupted manufacturing supply chains. April’s better-than-expected outcome followed an improvement in March, but the outlook for China’s […]
KUALA LUMPUR, May 7 — The recent announcement by the Malaysian government to rapidly relax the restrictions with the nationwide movement control order (MCO) has invited cautionary advice from Energesse, an international healthcare solutions provider headquartered in Australia. Chief executive officer and founder Dr Avnesh Ratnanesan is cautioning that a […]
KUALA LUMPUR, May 7 — A survey by market research firm Vase.ai found the majority of Malaysians still looked to Facebook as their primary source of information on Covid-19, although consumption dropped after the movement control order was enforced. The Ministry of Health’s official website came in second as consumption […]
KUALA LUMPUR, May 7 — Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and Raja Permaisuri Agong Tunku Azizah Aminah Maimunah Iskandariah today wished Happy Wesak Day to all Buddhists in the country. The royal couple said the Covid-19 outbreak not only brought new challenges to Malaysians from all […]
COPENHAGEN (Reuters) – Denmark’s Novo Nordisk posted a better-than-expected quarterly operating profit on Wednesday and kept its full-year outlook, as customers stocking up during the coronavirus pandemic boosted sales of its diabetes medicines. Novo Nordisk joined U.S. rival Eli Lilly and other large pharmaceuticals companies in sticking to or even […]
Barcelona have confirmed their players will undergo coronavirus tests on Wednesday as La Liga’s clubs begin restricted training ahead of the proposed resumption of the season next month. Real Madrid and Atletico Madrid are also scheduled to carry out tests on Wednesday, with the plan for players to start working […]