Friday, 5 Jul 2024

Asia

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

Britain's grocery sales growth slows as lockdown eased

LONDON (Reuters) – Grocery sales in Britain rose 10% year-on-year in the four weeks to July 11, slowing from previous weeks as COVID-19 restrictions were eased to allow hospitality and leisure outlets to reopen in England, industry data showed on Tuesday. Market researcher Nielsen said the growth was down from 14% in last month’s report. […]

A year to go, rearranged Tokyo Games still face uncertainty

Tokyo took the decision to delay the Games on March 24, 2020; the opening ceremony will now take place on July 23, 2021. Tokyo 2020 organisers will host celebrations marking the one-year countdown to the Olympics on Thursday, but with the postponed Games still shrouded in uncertainty, they are sure to be more muted than […]

EU progress and vaccine hopes keep pressure on dollar

SINGAPORE (Reuters) – Progress toward both a coronavirus vaccine and a fiscal rescue package in Europe put the dollar under pressure and supported commodity currencies and the euro on Tuesday. European Union leaders appear close to an agreement on a massive stimulus plan for the bloc as the summit drags beyond a fourth day. Hopes […]

Morning Briefing: Top stories from The Straits Times on July 21

More Orchard Road malls among new places visited by infectious Covid-19 patients Other locations new to the list on Monday were beauty salon Bon Aesthetics at SingPost Centre and the Bar Bar Black Sheep coffeeshop bar in Robertson Quay. READ MORE HERE Coronavirus: More passengers for Changi and SIA, but much lower than in 2019 […]

Airline bankruptcies and job cuts expected, say experts

The hope of a quick turnaround in the global aviation sector – already dim – has become even dimmer with the global Covid-19 situation going from bad to worse. More airline bankruptcies and job cuts are likely to be in the pipeline in the coming months once government support is reduced. Mr Nicholas Wyatt, head […]

Coronavirus: More passengers for Changi and SIA, but much lower than in 2019

The opening of the Singapore-China green lane and the restarting of transit flights helped to boost passenger movements at Changi Airport last month, but only barely. The number – 48,200 – is still 99.2 per cent below what it was in the same period last year, data released by Changi Airport Group (CAG) showed yesterday. […]

Russia seen cutting rates by at least 25 basis points on Friday: Reuters poll

MOSCOW (Reuters) – Russia’s central bank is expected to cut its benchmark interest rate to a fresh record low on Friday, as a lockdown to curb the spread of coronavirus and still-low oil prices cause the economy to shrink. Sixteen analysts and economists in a Reuters poll of 29 experts said they believed the central […]

European stocks slip as cyclicals retreat, EU talks in focus

(Reuters) – European shares fell on Monday, dragged down by cyclical sectors amid a surge in coronavirus cases globally, while investors remained cautiously optimistic about the ongoing talks over an EU-wide recovery fund. An index of eurozone shares .STOXXE slipped 0.3%, with the euro jumping to a four-month high. [FRX/] The broader European equities index […]

Murals of Malaysia's King, PM Muhyiddin and other leaders vandalised

SHAH ALAM (THE STAR/ASIA NEWS NETWORK) – Malaysian police said on Monday (July 20) that action will be taken against those who vandalised the murals of the country’s leaders painted on walls at a housing estate in Selangor. “Give the police space to study and decide on the appropriate action according to the law,” said […]