Markets

DESPITE strong returns among life insurers' participating funds in 2019, three insurers have opted to cut bonuses or dividends for some policyholders.

The United States has doubled its investment - to nearly US$1 billion - to expedite development of a potential COVID-19 vaccine by American firm Moderna, which on Monday (Jul 26) begins the decisive final phase of clinical trials.

Top aides to President Donald Trump on Sunday raised the possibility of the Congress passing piecemeal coronavirus relief legislation - an approach opposed by Democrats - with a deadline looming on the expiration of enhanced unemployment benefits.

After several weeks of trading in narrow ranges, bitcoin breached US$10,000 on Sunday for the first time since early June.

British interior minister Priti Patel said on Sunday she had asked Twitter and Instagram for a full explanation of why anti-Semitic comments made by rap artist Wiley remained on the social media platforms for so long.

Moderna Inc said on Sunday it has received an additional US$472 million from the U.S. government's Biomedical Advanced Research and Development Authority (BARDA) to support development of its novel coronavirus vaccine.

British interior minister Priti Patel said on Sunday she had asked Twitter and Instagram for a full explanation of why anti-Semitic comments made by rap artist Wiley remained on the social media platforms for so long.

AMMAN: Jordan's largest lender, Arab Bank Group, reported on Saturday (Jul 25) a 66 per cent year-on-year drop in first-half net profit to US$152.1 million as it set aside more money to cope with the economic fallout of the COVID-19 pandemic. Chief Executive Officer Nemeh Sabbagh did not give a ......

LONDON: EasyJet and British Airways told customers on Saturday (Jul 25) they did not plan to cancel flights over the coming days, after Britain's government advised against all non-essential travel to mainland Spain due to COVID-19. Earlier on Saturday TUI , Europe's largest tour operator, said it ...

BERLIN: A decision by European leaders to issue joint debt to finance coronavirus aid for weaker member states should remain an exemption and not serve as a blueprint for future budget challenges, Bundesbank President Jens Weidmann said on Sunday (Jul 26). European Union leaders on Tuesday ...