HONG KONG: Hong Kong's economy shrank 9 per cent in the second quarter compared with a year earlier, the government said on Friday (Aug 14), as the coronavirus pandemic continued to severely hit the city. The second quarter's pace compares with a decline of 9.1 per cent in the...
SEOUL: South Korea's economy will likely return to growth in the third quarter, after recent economic data pointed to a gradual recovery, but a slump in exports remains a major concern, the country's finance minister said on Friday (Aug 14). The economy slipped into a technical recession in the...
JOHANNESBURG: In an Italian bistro in an upmarket Johannesburg neighbourhood, smiling patrons chat at candle-lit tables in a scene reminiscent of less-troubled times before the COVID-19 pandemic. But there's no alcohol on the menu. Instead, diners order red or white "coffee" served in grey mugs ...
HELSINKI: Rovio Entertainment, maker of the 10-year-old Angry Birds mobile game series, on Friday (Aug 14) reported a 160 per cent jump in second-quarter adjusted operating profit, helped by increased player engagement amid COVID-19 lockdowns. "We reached record high games revenue driven by the ...
SINGAPORE: The founder of homegrown oil trader Hin Leong Trading was charged in court on Friday (Aug 14) with abetment of forgery for the purpose of cheating, the police said in a news release. Lim Oon Kuin’s charge relates to him instigating a Hin Leong employee to forge a...
LONDON: Britain will buy potential COVID-19 vaccines from US drugmakers Johnson & Johnson and Novavax, the companies said on Friday (Aug 14), bringing the total number of deals by the UK government to six as the race for shots heats up. Johnson & Johnson said its Janssen Pharmaceutica unit will...
MELBOURNE: BHP Group said on Friday (Aug 14) it will closely monitor the work of industry associations to ensure they match its climate position on keeping the world's warming to well less than 2 degrees Celsius. The world's largest listed miner has faced increasing pressure from investors worried ......
CALIFORNIA: Alphabet's Google said on Friday (Aug 14) it would no longer provide data in response to requests from Hong Kong authorities following the enactment of a new national security law imposed by China. The US tech giant had not produced any data since the sweeping new law took...
HANOI: Vietnam's plan to privatise scores of state-owned enterprises (SOEs) has fallen further behind schedule amid the COVID-19 pandemic, with only 37 companies divested so far out of a target of 128 in the 2017 to 2020 period, the Ministry of Finance said. The Southeast Asian country has been...
Shares in Air France-KLM and other French travel stocks fell on Friday after the United Kingdom decided to impose a 14-day quarantine on all arrivals from France.
