VIENNA (Reuters) – Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year, newspaper NZZ am Sonntag reported. The Zurich-based company, founded 10 years ago, says it has special sole technology that is soft […]
BEIJING (BLOOMBERG) – Air travel is slowly picking up globally thanks to a recovery in domestic flights, with countries in the Asia-Pacific region accounting for half of the top 20 markets, according to travel data analytics provider Cirium. Vietnam, Indonesia and South Korea are the only countries in the world to show growth in domestic […]
TOKYO (BLOOMBERG) – Japan needs to remain on high alert for further coronavirus outbreaks as the number of cases with unclear contagion routes increases, Mr Yasutoshi Nishimura, the country’s economy minister and virus czar, said. The nation’s number of Covid-19 infections spiked in the past week, with Tokyo reporting more than 200 cases for three […]
GE2020: Party leaders seek to heal rifts after heat of hustings An unusual and hard-fought election, in which the opposition made significant gains, gave way to a sense of solidarity as political parties and politicians set aside their differences and promised to work for the good of Singapore. READ MORE HERE A watershed election and […]
WINNIPEG, Manitoba (Reuters) – Canada’s oil-producing province of Alberta, hard-hit by lockdowns caused by the coronavirus pandemic, is counting on National Hockey League (NHL) games to provide a badly needed boost to morale and business. Edmonton, the provincial capital and home to the NHL’s Edmonton Oilers, will be a hub city with Toronto when games […]
BERLIN (Reuters) – Germany’s 16 states are planning to take on 95 billion euros ($107 billion) in new debt as part of their spending efforts to cushion the economy from the worst of the coronavirus shock, Der Spiegel magazine reported on Saturday. The borrowing comes on top of the 218.5 billion euros of debt the […]
BEIJING (REUTERS) – The US State Department warned American citizens on Saturday (July 11) of the heightened risk of arbitrary law enforcement in China, including detention and a ban from exiting the country. “US citizens may be detained without access to US consular services or information about their alleged crime,” the State Department said in […]
BERLIN (Reuters) – Germany will take further stakes in companies threatened by the coronavirus crisis, Economy Minister Peter Altmaier said, adding that “probably a few dozen” firms might follow airline group Lufthansa (LHAG.DE) in passing into partial state ownership. Shareholders backed a 9 billion euro government bailout last month, securing the future of Germany’s flagship […]
YANGON (AFP) – Conservationists have warned a sudden change in Myanmar’s law allowing the commercial farming of tigers, pangolins and other endangered species risks further fuelling demand in China for rare wildlife products. The Southeast Asian nation is already a hub for the illegal trafficking of wildlife, a trade driven by demand from neighbouring China […]
SINGAPORE – There were 170 new coronavirus cases confirmed as of Saturday noon (July 11), taking Singapore’s total to 45,783. They include 24 community cases, comprising seven Singaporeans or permanent residents and 17 work pass holders, said the Ministry of Health (MOH) on Saturday. Of these 24 community cases, five are close contacts of earlier […]