Saturday, 11 July 2020

Business

Singapore to allow most businesses to reopen as virus rules ease

SINGAPORE will allow most businesses to reopen as the hard-hit city-state further eases its coronavirus restrictions. But potential “super-spreader” venues such as cinemas, bars and nightclubs will stay closed despite infection rates remaining stable for the past two weeks, officials said Monday. Singapore initially kept the virus in check with ...

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Chinese $330 million sponsorship of IPL under threat

NEW DELHI: Chinese sponsorship of India’s biggest sporting event was under threat Friday after a border clash between the two countries sparked calls in India for a boycott of Chinese products and companies. The Indian Premier League cricket tournament said its chiefs would meet next week to review sponsorship deals. ...

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Australia facing a major cyber attack

SYDNEY: Australia said Friday it is facing a major cyber attack but stopped short of formally blaming it on China. Prime Minister Scott Morrison said public and private organizations and businesses were “currently being targeted by a sophisticated foreign state-based” hacker, ABC news reported. He did not name the hacker. The ...

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CEO of scandal-hit payments provider Wirecard resigns

FRANKFURT AM MAIN: The chief executive of scandal-hit Wirecard resigned on Friday after the German payments provider was hit with fresh fraud allegations that have left it struggling to survive. “In mutual consent with the Supervisory Board of Wirecard AG, Dr. Markus Braun resigned today with immediate effect,” Wirecard said ...

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Massive spying on users of Google’s Chrome shows new security weakness

SAN FRANCISCO: A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google’s market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry’s failure to protect browsers as they are used more for email, payroll and other sensitive functions. Google said it ...

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20-year-old trader dies by suicide

NEW YORK: On the small sticky note that 20-year-old Alex Kearns left on his bedroom door was an ominous message saying to turn on the computer. Daniel Kearns powered up his son’s laptop in their home in Naperville, Ilinois. Within seconds, a four-paragraph letter flashed on the screen. “If you’re ...

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EU antitrust regulators to investigate Apple Pay, App Store

CALIFORNIA: Apple found itself the target of two EU antitrust investigations into its App Store and Apple Pay as regulators said its terms and conditions and restrictions may violate the bloc’s competition rules. The European Commission said one probe will look into the mandatory use of Apple’s proprietary in-app purchase ...

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Oil Slips On Surprise Crude Build

NEW YORK: The American Petroleum Institute (API) estimated on Tuesday another build in crude oil inventories, this time of 3.857 million barrels for the week ending. Analysts had predicted a small inventory draw of 152,000 barrels. In the previous week, the API shocked the market with a massive spike in ...

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Visitors to UK shops remained more than 80% lower in May

Mostly shoppers in UK high streets, retail parks and shopping centres in May were 81.6% lower that the same month a year ago as most non-food stores remained closed due to the coronavirus lockdown, the British Retail Consortium (BRC) said. The footfall data showed a slight improvement on the 84.7% ...

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European stocks sink at open on second wave threat

LONDON: European stock markets lost more than two percent in opening deals on Monday, as investors fretted over a second wave of coronavirus infections that could derail economic recovery. In initial trade, London’s benchmark FTSE 100 index of blue-chip companies slid 2.2 percent to 5,970.86 points. In the eurozone, Frankfurt’s ...

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