World

[ad_1] GENEVA: The head of the World Health Organization said on Monday (November 16) that a vaccine alone would not stop the coronavirus pandemic. The pandemic is raging months after it broke out, with infections exceeding 54 million and claiming more than 1.3 million lives. Ad Ad “A vaccine will …

[ad_1] LONDON / SYDNEY: Global stocks hit a new high on Monday, as signs of economic recovery in Asia, strong recent corporate earnings and hopes for a COVID-19 vaccine bolstered investor sentiment. The MSCI World Stock Index rose 0.5 percent to 608.79 points, just shy of the all-time high briefly …

[ad_1] Seoul: South Korean flag carrier Korean Air said on Monday (Nov 16) that it will buy its smaller and troubled rival Asiana Airlines in a $ 1.6 billion deal as it seeks to consolidate with the global aviation sector. devastated by the COVID-19 pandemic. The deal combining South Korea’s …

[ad_1] SINGAPORE: Sales of new private homes in Singapore plummeted more than 50 percent in October amid a shortage of new projects and restrictions on reissue of purchase options (OTP). Private developers sold 642 units, excluding executive condos (EC), in October, data from the Urban Redevelopment Authority (URA) showed on …

[ad_1] SYDNEY: Countries in the Asia-Pacific region reported record numbers of novel coronaviruses and new outbreaks on Monday (November 16), with Japan facing mounting pressure to reimpose a state of emergency and South Korea warning it was in a “critical crossroads”. The resurgence of the virus in Asia comes at …

[ad_1] SINGAPORE – Sales of new private homes by developers more than halved in October from the previous month, curbing a five-month buying spree after new restrictions were placed on the reissue of purchase options (OTP). Buyers purchased just 642 units in October, down 51.7 percent from a more than …

[ad_1] WASHINGTON (BLOOMBERG) – US President Donald Trump plans several new hard-line moves against China in the remaining weeks of his term, according to a senior administration official, potentially tying the hands of President-elect Joe Biden. Actions under consideration include protecting American technology from exploitation by the Chinese military, countering …

[ad_1] SEOUL: Korean Air Lines said on Monday (November 16) that it will spend 1.8 trillion won (US $ 1.62 billion) to become the largest shareholder in the indebted Asiana Airlines Inc, in a deal that would create the 15th largest airline in the world. The suitor plans to issue …

[ad_1] HANOI: Vietnam’s fragrant noodle soups and fresh spring rolls have won fans around the world, but growing food safety scandals on the country’s streets are causing a growing wave of anxiety among millennials about what they eat . Tran Huong Lan, a 32-year-old accountant, spent two nights in the …

[ad_1] Mon, November 16, 2020 – 13:09 Shares of integrated resort operator Genting Singapore, its Malaysian counterpart and its parent company rose on Monday, driven by a sharp quarter-on-quarter turn in results for the Singaporean company. Genting Singapore rose as much as 9.1 percent to hit Singapore’s 82 cents around …