Friday, 3 May 2024

Asia

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European shares slide on risk-off mood after gloomy Fed view

(Reuters) – Miners and banks led declines in European stocks, hit by a wave of selling across global markets on Thursday after the U.S. Federal Reserve signalled a long path of recovery for the world’s largest economy. The pan-European STOXX 600 index fell 1.1% to hit a 10-day low, with economically sensitive sectors such as […]

Coronavirus: 14,500 foreign workers in Singapore still serving quarantine

SINGAPORE – About 14,500 foreign workers are currently serving out their quarantine period after testing of all workers in dormitories was completed on Aug 11. “These workers will be tested when their quarantine ends, and we expect the case counts to remain high in the coming days, before tapering down thereafter,” said the Ministry of Health in […]

Tokyo bar uses 'fish bowl' screens to lure back clients wary of coronavirus

TOKYO (REUTERS) – A bar in Tokyo’s upscale Ginza district has installed fish bowl-like screens designed to protect against coronavirus transmission, aiming to lure back clients worried about the risks of Covid-19. The Jazz Lounge En Counter bar reopened in late June, having shut down for several weeks after the government declared a nationwide state […]

Future not all doom and gloom, families in need should seek help early: President Halimah

SINGAPORE – Despite the new challenges brought about by Covid-19, the future is not all doom and gloom, with support available for those requiring help. President Halimah Yacob shared this message and her concerns for families with financial woes who are unaware of benefits and subsidies, during her visit to non-profit group AMP Singapore’s office at […]

North Korea partly ruled by leader's sister Kim Yo Jong: Spy agency

SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) – North Korean leader Kim Jong Un has delegated some of his authority to younger sister Kim Yo Jong, allowing her to manage South Korean and United States affairs, South Korea’s spy agency told lawmakers on Thursday (Aug 20). The move appears to be intended to relieve the burden […]

China's outstanding loans to small businesses up 27.5% year-on-year by end-July

BEIJING (Reuters) – China’s outstanding loans to small businesses stood at 13.7 trillion yuan ($1.98 trillion) by the end of July, up 27.5% from a year earlier, the central bank said on Thursday. Interest rates on those loans averaged 5.27% in July, 0.91 percentage points lower than a year ago, the People’s Bank of China […]

Australia big business chafes at coronavirus border closures

SYDNEY (REUTERS) – Several major Australian businesses urged a swift reopening of state borders on Thursday (Aug 20), even as the authorities warned against complacency as new cases of the virus appear to be trending lower. Many Australian internal borders have been closed to contain the spread of the virus, with Victoria and New South […]

Survey shows eating habit change among Chinese during Covid-19 epidemic

BEIJING (XINHUA) – A recent survey showed that around 91 per cent of respondents have changed their eating habits during the Covid-19 epidemic, the China Youth Daily reported on Thursday (Aug 20). According to the survey of 2,001 people, these new habits include eating well-cooked meat, selected by 69 per cent of the respondents; eating […]