Sunday, 29 Sep 2024

Asia

Asia News – Get latest breaking news & top stories today in Asia, South-East Asia, South Asia, East Asia, Australia/New Zealand at…

Millions of Filipinos back on lockdown as cases soar

The Philippine capital and four surrounding provinces are under lockdown again, restricting some 27 million people – about a quarter of the country’s population – to their homes for two weeks from today, after overwhelmed health workers warned that the country was losing the battle against the coronavirus. “We are in the critical phase of […]

Morning Briefing: Top stories from The Straits Times on Aug 4

Coronavirus patient in ICU, first such case in Singapore in more than 2 weeks Monday’s ICU case is one of the 115 coronavirus patients who are still in hospital. Another 5,730 patients are recuperating in community facilities. READ MORE HERE Observers call on National Wages Council for more aggressive wage support, office to look after […]

Coronavirus: Barriers set up in Malaysia's Parliament to ensure safe distancing

KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – Temporary transparent panels have been installed between the seats of lawmakers in the Dewan Rakyat, or Lower House of Parliament, to enable some of them to sit in the main block in the House. Deputy Dewan Rakyat Speaker Datuk Seri Azalina Othman Said said the panels would also […]

China will retaliate if Chinese journalists in US forced out

SHANGHAI (REUTERS) – China will take retaliatory measures should all Chinese journalists based in the United States be forced to leave the country, including targeting US journalists in Hong Kong, Global Times Editor in Chief Hu Xijin said on Tuesday (Aug 4). “Given that the US side hasn’t renewed visa of Chinese journalists, Chinese side […]

Dollar falters as investors await U.S. stimulus deal

SINGAPORE (Reuters) – A nascent rebound in the dollar paused on Tuesday, as investors weighed mixed but encouraging economic data against slow progress toward a U.S. government spending package and another week of rising coronavirus deaths. The U.S. dollar had its worst month in a decade in July but began August with a bounce, pushing […]

Job cuts hard to avoid for SIA, say experts

Job cuts could be in the pipeline for Singapore Airlines (SIA), which is now overstaffed for current demand, experts said yesterday. SIA could also try to cut costs in other areas, or possibly receive additional government support to tide it through the crisis, they added. The airline had last week announced a net loss of […]

Commerzbank picks new chairman despite Cerberus opposition

FRANKFURT (Reuters) – Commerzbank (CBKG.DE) ignored the concerns of its top investor Cerberus on Monday by electing Hans-Joerg Vetter, the retired chief of a German regional bank, as its new chairman. Vetter, whose appointment helps fill a leadership vacuum at Germany’s second largest lender, is expected to lead the search for a new chief executive […]

Commerzbank picks new chairman despite Cerberus opposition

FRANKFURT (Reuters) – Commerzbank (CBKG.DE) ignored the concerns of its top investor Cerberus on Monday by electing Hans-Joerg Vetter, the retired chief of a German regional bank, as its new chairman. Vetter, whose appointment helps fill a leadership vacuum at Germany’s second largest lender, is expected to lead the search for a new chief executive […]

Construction spending falls to one-year low in June

WASHINGTON (Reuters) – U.S. construction spending fell to a one-year low in June, weighed down by declines in outlays on private and public construction projects. The Commerce Department said on Monday that construction spending dropped 0.7% to $1.355 trillion, the lowest level since June 2019. Data for May was revised to show construction outlays falling […]