European shares traded higher on Thursday when world markets received a boost from news about the development of a possible coronavirus vaccine. The pan-European Stoxx 600 rose 1.3% mid-morning, with banks up 4% to lead gains as all sectors and major markets entered positive territory. European stocks are tracking global …
Read More »5 Reasons Why Singapore’s Next General Election Is Worth Watching
Singapore voters queue at a polling station to cast their votes in the September 11, 2015 general election. Roslan Rahman | AFP | fake pictures Singapore will hold its general election on July 10, just over a month after the country began easing restrictions aimed at containing one of Southeast …
Read More »Caixin / IHS Markit June 2020 Manufacturing PMI
The results of a private survey released on Wednesday showed that China’s manufacturing activity expanded and exceeded expectations in June, reaching its highest level since December 2019. The Caixin / Markit Manufacturing Purchasing Manager ratio reached 51.2. Economists polled by Reuters had expected 50.5, compared to 50.7 in May. PMI …
Read More »Coronavirus is expected to cost 400 million jobs in the second quarter
The coronavirus pandemic is expected to have resulted in a 14% drop in global working hours in the second quarter of 2020, the International Labor Organization said. The United Nations labor agency said this updated drop in hours of work was the equivalent of 400 million full-time job losses worldwide …
Read More »Former Malaysian leader Mahathir wants to regain power months after resigning
Former Malaysian Prime Minister Mahathir Mohamad wants to overthrow the current government, just a few months after his resignation from the top job resulted in the collapse of the previous administration he was leading. But the coalition of now-opposition parties cannot agree on who should be prime minister if they …
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