Business

[ad_1] HONG KONG: Americans disagree on almost nothing today. Yet they are largely united in their belief that China represents an existential challenge to their country and the international order it has long led. This combination of internal division and external demonization has made the Sino-American rivalry increasingly inescapable and …

[ad_1] WASHINGTON, DC: Due to the COVID-19 pandemic, the global economy is suffering its steepest decline since the Great Depression. But while the whole world is suffering, it is the poorest countries in the world that will pay the highest price unless they receive more aid. Ad Ad Some 1.5 …

[ad_1] Mon, Nov 30, 2020 – 10:42 am SINGAPORE’s bank lending in October fell for the eighth month in a row on continued weakness in commercial lending, data from the Monetary Authority of Singapore showed on Monday. Lending through the national banking unit, which captures lending in all currencies but …

[ad_1] CITY Developments Limited (CDL) expects to fall into the red in 2020 with a full-year loss, reversing from a net gain of S $ 564.6 million in 2019, dragged down by the prolonged impact of the coronavirus outbreak. He anticipates further impairment losses, and UK subsidiary Millennium & Copthorne …

[ad_1] HONG KONG: Hong Kong tightened restrictions aimed at containing an increase in coronavirus cases on Monday (Nov. 30), limiting gatherings to no more than two people, closing karaoke rooms and game centers, and telling most of officials working from home. The measures are in addition to restrictions announced Sunday …

[ad_1] SINGAPORE: Oil giant Shell partnered with the Singapore Shell Employees Union (SSEU) to establish a council to train and upgrade some 1,250 workers, in line with the company’s 10-year plan to reduce its own carbon emissions in Singapore third. The Joint Capability Council (JCC), which comprises management representatives from …

[ad_1] Germany will allow Huawei to build part of its 5G network, the Handelsblatt business daily reported last week after seeing a new bill that Angela Merkel’s government will present to the Bundestag next month. Japan and South Korea politely but firmly refused to exclude the Chinese telecoms giant from …

[ad_1] SINGAPORE – When Singapore entered the blackout period in April, local restaurant Swee Choon Tim Sum saw its sales drop around 30 percent, while profits fell about 40 percent. Before the Covid-19 pandemic, there were often meandering queues outside their Jalan Besar exit. To minimize its losses from restaurant …

[ad_1] SINGAPORE: Some segments of the food and beverage (F&B) sector are still experiencing a slow recovery amid the COVID-19 pandemic, Trade and Industry Minister Chan Chun Sing said, reiterating the need for F&B companies transform and diversify your sources of income. “Recovery remains slow for some segments, including outlets …

[ad_1] The chances that Jack Ma’s Ant Group Co. will be able to reactivate its huge stock listing next year are increasingly slim as China reviews the rules governing the fintech industry, according to regulatory officials familiar with the matter. Ant is still in the early stages of reviewing the …