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Coronavirus forces cancellation of Singapore’s Shangri-La Dialogue defence forum

The annual event, usually attended by diplomats and top military officials globally, was scheduled to be held from June 5-7.

28 Mar 2020 - 11:46AM

The annual event, usually attended by diplomats and top military officials globally, was scheduled to be held from June 5-7.

Coronavirus forces cancellation of Singapore’s Shangri-La Dialogue defence forum
Coronavirus: deadliest day in Italy and Spain shows worst not over yet

Italy reported 969 deaths in 24 hours while Spain reported 769; Italy now has 86,498 cases, becoming second country after US to overtake China.

28 Mar 2020 - 6:20AM

Italy reported 969 deaths in 24 hours while Spain reported 769; Italy now has 86,498 cases, becoming second country after US to overtake China.

Coronavirus: deadliest day in Italy and Spain shows worst not over yet
Which airlines are most in danger of going under during the worldwide travel slump amid the global coronavirus pandemic?

According to Altman, scores of 1.8 or below indicate a risk of bankruptcy and scores over 3 suggest sound footing.

27 Mar 2020 - 1:42PM

According to Altman, scores of 1.8 or below indicate a risk of bankruptcy and scores over 3 suggest sound footing.

Which airlines are most in danger of going under during the worldwide travel slump amid the global coronavirus pandemic?
Citi, Morgan Stanley join Europe’s banks in hitting ‘pause’ on job cuts as coronavirus pandemic ravages the global economy

The need for steep cuts at European banks is more acute, where such measures are a major plank in their plans to restore lacklustre profitability or bolster shareholder payouts. At the same time, they’re now set to receive unprecedented help from governments and regulators, making it more politically sensitive to put people out of work.

27 Mar 2020 - 12:11PM

The need for steep cuts at European banks is more acute, where such measures are a major plank in their plans to restore lacklustre profitability or bolster shareholder payouts. At the same time, they’re now set to receive unprecedented help from governments and regulators, making it more politically sensitive to put people out of work.

Citi, Morgan Stanley join Europe’s banks in hitting ‘pause’ on job cuts as coronavirus pandemic ravages the global economy
Video gaming boom hides struggle to create new hits in isolation

The coronavirus pandemic has led to the cancellation of marquee industry events, where big-name titles are launched, including the Game Developers Conference this month and the biggest of them all, E3, in the summer.

26 Mar 2020 - 8:39PM

The coronavirus pandemic has led to the cancellation of marquee industry events, where big-name titles are launched, including the Game Developers Conference this month and the biggest of them all, E3, in the summer.

Video gaming boom hides struggle to create new hits in isolation
Designer face masks are going for US$200 a pop online

Actress Gwyneth Paltrow’s Instagram post of herself wearing a designer mask by Swedish company Airinum has attracted some outrage amid the coronavirus pandemic, when protective equipment for medical workers is in woefully short supply.

26 Mar 2020 - 10:30AM

Actress Gwyneth Paltrow’s Instagram post of herself wearing a designer mask by Swedish company Airinum has attracted some outrage amid the coronavirus pandemic, when protective equipment for medical workers is in woefully short supply.

Designer face masks are going for US$200 a pop online
Apple may start reopening stores outside Greater China in first half of April

Apple closed 458 of its retail stores outside mainland China, Hong Kong, and Taiwan earlier this month as part of an effort to mitigate the spread of the coronavirus.

25 Mar 2020 - 10:46AM

Apple closed 458 of its retail stores outside mainland China, Hong Kong, and Taiwan earlier this month as part of an effort to mitigate the spread of the coronavirus.

Apple may start reopening stores outside Greater China in first half of April
Coronavirus: US considering three-month import duty delay but Trump administration facing opposition

US Customs and Border Protection and other government agencies have discussed suspending tariffs to offset the economic impact of the virus.

25 Mar 2020 - 9:42AM

US Customs and Border Protection and other government agencies have discussed suspending tariffs to offset the economic impact of the virus.

Coronavirus: US considering three-month import duty delay but Trump administration facing opposition
Facebook’s ads business hit by Covid-19 pandemic despite surge in usage

Many of Facebook’s products, including Messenger and WhatsApp, have seen a spike in traffic as people stay home in regions hit hardest by the virus, but its ads business is still suffering.

25 Mar 2020 - 9:36AM

Many of Facebook’s products, including Messenger and WhatsApp, have seen a spike in traffic as people stay home in regions hit hardest by the virus, but its ads business is still suffering.

Facebook’s ads business hit by Covid-19 pandemic despite surge in usage
In Singapore, Temasek’s biggest shareholdings drop nearly US$24 billion in three months

Singapore’s state investor owns or controls multibillion-dollar stakes in companies including Alibaba and Singapore Airlines.

24 Mar 2020 - 2:01PM

Singapore’s state investor owns or controls multibillion-dollar stakes in companies including Alibaba and Singapore Airlines.

In Singapore, Temasek’s biggest shareholdings drop nearly US$24 billion in three months
China’s factories work 24/7 to build medical ventilators for Milan, New York amid spreading global Covid-19 pandemic

In the US, the Society of Critical Care Medicine estimates that 960,000 patients would need ventilator support, but the nation only has about 200,000 such machines. In Italy, a severe ventilator shortage has forced doctors to triage patients.

24 Mar 2020 - 9:57PM

In the US, the Society of Critical Care Medicine estimates that 960,000 patients would need ventilator support, but the nation only has about 200,000 such machines. In Italy, a severe ventilator shortage has forced doctors to triage patients.

China’s factories work 24/7 to build medical ventilators for Milan, New York amid spreading global Covid-19 pandemic
SoftBank said to be planning to sell US$14 billion in Alibaba shares as business battered by pandemic

SoftBank’s plans to sell Alibaba shares is part of its effort to raise US$41 billion to shore up its businesses battered by the coronavirus pandemic, according to people with knowledge of the matter.

24 Mar 2020 - 11:20PM

SoftBank’s plans to sell Alibaba shares is part of its effort to raise US$41 billion to shore up its businesses battered by the coronavirus pandemic, according to people with knowledge of the matter.

SoftBank said to be planning to sell US$14 billion in Alibaba shares as business battered by pandemic
Amazon suspends almost 4,000 seller accounts for ‘unfairly priced’ products during virus pandemic

E-commerce giant Amazon says it has deployed a team to identify and investigate ‘unfairly priced’ products in high demand during the coronavirus pandemic, such as protective masks and hand sanitiser.

24 Mar 2020 - 9:21AM

E-commerce giant Amazon says it has deployed a team to identify and investigate ‘unfairly priced’ products in high demand during the coronavirus pandemic, such as protective masks and hand sanitiser.

Amazon suspends almost 4,000 seller accounts for ‘unfairly priced’ products during virus pandemic
Mainland Chinese macro fund that has made 31 per cent this year is hoarding cash

The slump in Chinese equities is no buying opportunity for one of the country’s top performing fund managers.

23 Mar 2020 - 7:30PM

The slump in Chinese equities is no buying opportunity for one of the country’s top performing fund managers.

Mainland Chinese macro fund that has made 31 per cent this year is hoarding cash
Big Wall Street firms circle as Chinese brokerages struggle for returns in US$21 trillion market

China’s more than 130 brokerages, who have a US$21 trillion market to trade and make deals in, are not very good at making money.

23 Mar 2020 - 6:53PM

China’s more than 130 brokerages, who have a US$21 trillion market to trade and make deals in, are not very good at making money.

Big Wall Street firms circle as Chinese brokerages struggle for returns in US$21 trillion market
Downloads of Snap’s AR filters for video chats spike amid coronavirus lockdowns

Downloads of Snap Camera have spiked as video-chat services become popular among workers telecommuting amid the coronavirus outbreak.

23 Mar 2020 - 10:05AM

Downloads of Snap Camera have spiked as video-chat services become popular among workers telecommuting amid the coronavirus outbreak.

Downloads of Snap’s AR filters for video chats spike amid coronavirus lockdowns
Michael Bloomberg spent close to US$1 billion on failed US presidential campaign

The former New York City mayor spent US$474 million in February alone, a record monthly total for a presidential campaign.

21 Mar 2020 - 10:30PM

The former New York City mayor spent US$474 million in February alone, a record monthly total for a presidential campaign.

Michael Bloomberg spent close to US$1 billion on failed US presidential campaign
Why Russia’s Vladimir Putin is in no mood to call oil war truce with Saudi Arabia

The entire oil market is watching and waiting to see if Moscow or Riyadh will balk at the painful price slump and call a truce.

20 Mar 2020 - 9:40PM

The entire oil market is watching and waiting to see if Moscow or Riyadh will balk at the painful price slump and call a truce.

Why Russia’s Vladimir Putin is in no mood to call oil war truce with Saudi Arabia
With oil prices sinking 60 per cent this year, one forecast sees Brent going as low as US$5 a barrel

Citigroup said its base case is that Brent would average US$17 a barrel or lower in the second quarter, with a bear case of a US$5 average.

20 Mar 2020 - 11:45AM

Citigroup said its base case is that Brent would average US$17 a barrel or lower in the second quarter, with a bear case of a US$5 average.

With oil prices sinking 60 per cent this year, one forecast sees Brent going as low as US$5 a barrel
Coronavirus: cruise ships throng Sydney Harbour as entry ban fuels rush for docking

Cruise liners pile up around the iconic harbour as the industry scrambles to deal with the fallout of Australia’s decision to block entry to many vessels.

19 Mar 2020 - 4:59PM

Cruise liners pile up around the iconic harbour as the industry scrambles to deal with the fallout of Australia’s decision to block entry to many vessels.

Coronavirus: cruise ships throng Sydney Harbour as entry ban fuels rush for docking
Twitter expands content moderation rules to include more forms of misinformation around coronavirus

The social media platform will require users to remove tweets that it says could place people at a higher risk of transmitting Covid-19, after a similar escalation of measures from Facebook.

19 Mar 2020 - 10:04AM

The social media platform will require users to remove tweets that it says could place people at a higher risk of transmitting Covid-19, after a similar escalation of measures from Facebook.

Twitter expands content moderation rules to include more forms of misinformation around coronavirus
Coronavirus: Italy says 99 per cent of people who died had other illnesses

The average age of those who died is 79.5 and over three-quarters of them had high blood pressure while about a third had diabetes.

19 Mar 2020 - 2:46PM

The average age of those who died is 79.5 and over three-quarters of them had high blood pressure while about a third had diabetes.

Coronavirus: Italy says 99 per cent of people who died had other illnesses
Facebook says bug in anti-spam system mistook legitimate news stories for content violating rules

Several users complained on social media that their posts, including those about the novel coronavirus outbreak, were taken down.

18 Mar 2020 - 4:11PM

Several users complained on social media that their posts, including those about the novel coronavirus outbreak, were taken down.

Facebook says bug in anti-spam system mistook legitimate news stories for content violating rules
Coronavirus: Japan keeps planning for Tokyo Olympics after IOC confirms event will go ahead

The International Olympic Committee said that there is no need for any drastic decisions at this stage despite challenges posed by the pandemic

18 Mar 2020 - 9:44PM

The International Olympic Committee said that there is no need for any drastic decisions at this stage despite challenges posed by the pandemic

Coronavirus: Japan keeps planning for Tokyo Olympics after IOC confirms event will go ahead
Coronavirus: Diamond Princess cruise ship’s food workers quickened Covid-19 spread, study finds

The first infections were detected among guests, but the virus spread to crew members, who accounted for three-quarters of confirmed cases among staff.

18 Mar 2020 - 1:50PM

The first infections were detected among guests, but the virus spread to crew members, who accounted for three-quarters of confirmed cases among staff.

Coronavirus: Diamond Princess cruise ship’s food workers quickened Covid-19 spread, study finds
Global airline industry needs aid of up to US$200 billion to survive coronavirus pandemic, says IATA

Pandemic is likely to reshape the industry, with many airlines failing, others consolidating and entirely new groupings emerging, says IATA’s Alexandre de Juniac.

18 Mar 2020 - 2:06PM

Pandemic is likely to reshape the industry, with many airlines failing, others consolidating and entirely new groupings emerging, says IATA’s Alexandre de Juniac.

Global airline industry needs aid of up to US$200 billion to survive coronavirus pandemic, says IATA
India could be next coronavirus hotspot with ‘avalanche’ of cases

Containment measures successful elsewhere in Asia may not work in country of 1.3 billion people, experts warn.

18 Mar 2020 - 7:03AM

Containment measures successful elsewhere in Asia may not work in country of 1.3 billion people, experts warn.

India could be next coronavirus hotspot with ‘avalanche’ of cases
How gin and vodka makers are slowing the spread of coronavirus – by making their own hand sanitisers, and giving them away for free

As Covid-19 continues to spread, distillers are stepping up to fill the shortage in hand sanitisers, and giving them away to customers who come through their doors

17 Mar 2020 - 7:00PM

As Covid-19 continues to spread, distillers are stepping up to fill the shortage in hand sanitisers, and giving them away to customers who come through their doors

How gin and vodka makers are slowing the spread of coronavirus – by making their own hand sanitisers, and giving them away for free
Ride-hailing giant Gojek raises US$1.2 billion for clash with Grab

The new financing was finalised just over the past week, when the Covid-19 outbreak quickened its spread and triggered market routs across the globe.

17 Mar 2020 - 11:16PM

The new financing was finalised just over the past week, when the Covid-19 outbreak quickened its spread and triggered market routs across the globe.

Ride-hailing giant Gojek raises US$1.2 billion for clash with Grab
Coronavirus: Philippines closes financial markets indefinitely amid pandemic

The Philippine Stock Exchange is the first to suspend trade until further notice in response to the Covid-19 outbreak.

19 Mar 2020 - 12:27AM

The Philippine Stock Exchange is the first to suspend trade until further notice in response to the Covid-19 outbreak.

Coronavirus: Philippines closes financial markets indefinitely amid pandemic