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Brazil’s new rules on 5G auction appear to put China’s Huawei back in the running

Federal government will require winners of 5G spectrum auction to build a high security wireless network for its exclusive use.

31 Jan 2021 - 3:45PM

Federal government will require winners of 5G spectrum auction to build a high security wireless network for its exclusive use.

Brazil’s new rules on 5G auction appear to put China’s Huawei back in the running
Evergrande’s property service unit pays US$233 million to buy a rival to meet target of increasing 2020 profit by 50 per cent

While many property services companies benefit from new projects of their parent developers for expansion, Evergrande’s services arm needs mergers and acquisitions to sustain growth, UBS Group AG analysts led by John Lam wrote in a January report.

30 Jan 2021 - 8:19PM

While many property services companies benefit from new projects of their parent developers for expansion, Evergrande’s services arm needs mergers and acquisitions to sustain growth, UBS Group AG analysts led by John Lam wrote in a January report.

Evergrande’s property service unit pays US$233 million to buy a rival to meet target of increasing 2020 profit by 50 per cent
As coronavirus mutations undercut vaccine optimism, US scientists warn of a long fight

Drug makers are looking at bivalent vaccines but scientists say Covid-19 could morph into something like influenza that requires periodic booster shots.

30 Jan 2021 - 11:02PM

Drug makers are looking at bivalent vaccines but scientists say Covid-19 could morph into something like influenza that requires periodic booster shots.

As coronavirus mutations undercut vaccine optimism, US scientists warn of a long fight
US warns of ‘escalating’ Iran crisis, seeks return to nuclear deal

White House national security adviser Jake Sullivan told an event that Tehran is moving closer to having enough material for a nuclear weapon.

30 Jan 2021 - 2:46PM

White House national security adviser Jake Sullivan told an event that Tehran is moving closer to having enough material for a nuclear weapon.

US warns of ‘escalating’ Iran crisis, seeks return to nuclear deal
FBI: pipe bombs found near US Capitol planted night before riot

The new information came as the “QAnon Shaman” pleaded not guilty and two Proud Boys members were indicted for their role in the riot.

30 Jan 2021 - 8:39PM

The new information came as the “QAnon Shaman” pleaded not guilty and two Proud Boys members were indicted for their role in the riot.

FBI: pipe bombs found near US Capitol planted night before riot
US men who helped Carlos Ghosn escape Japan lose appeal against extradition

A judge ruled Michael Taylor and his son Peter can be extradited to Japan for their role in helping the former Nissan boss escape prosecution in Tokyo.

29 Jan 2021 - 11:51AM

A judge ruled Michael Taylor and his son Peter can be extradited to Japan for their role in helping the former Nissan boss escape prosecution in Tokyo.

US men who helped Carlos Ghosn escape Japan lose appeal against extradition
Finest Botticelli in private hands sells for a record US$92 million, nearly 800 per cent up on previous highest price for a painting by the Renaissance artist

Price paid at Sotheby’s New York auction for Young Man Holding a Roundel, one of only about a dozen remaining portraits by Sandro Botticelli, beats previous highest mark for a work by the Italian Renaissance artist by nearly 800 per cent.

29 Jan 2021 - 11:20AM

Price paid at Sotheby’s New York auction for Young Man Holding a Roundel, one of only about a dozen remaining portraits by Sandro Botticelli, beats previous highest mark for a work by the Italian Renaissance artist by nearly 800 per cent.

Finest Botticelli in private hands sells for a record US$92 million, nearly 800 per cent up on previous highest price for a painting by the Renaissance artist
Japan’s out-of-touch leaders fail to engage young people in coronavirus response

Government officials and health experts have been exasperated at their inability to communicate with younger people – and sometimes expressed incredulity at the fact that they do not read newspapers or watch TV.

28 Jan 2021 - 11:20AM

Government officials and health experts have been exasperated at their inability to communicate with younger people – and sometimes expressed incredulity at the fact that they do not read newspapers or watch TV.

Japan’s out-of-touch leaders fail to engage young people in coronavirus response
WallStreetBets banned from Discord for allowing hateful speech

The online investor coalition is under the spotlight after the stocks it promoted, such as GameStop, rose dramatically.

28 Jan 2021 - 10:11AM

The online investor coalition is under the spotlight after the stocks it promoted, such as GameStop, rose dramatically.

WallStreetBets banned from Discord for allowing hateful speech
Coronavirus pandemic leaving some Asian-Americans jobless for longer: study

Many Asian-Americans work in industries particularly vulnerable to business closures, including the hospitality, leisure and retail sectors.

28 Jan 2021 - 12:44AM

Many Asian-Americans work in industries particularly vulnerable to business closures, including the hospitality, leisure and retail sectors.

Coronavirus pandemic leaving some Asian-Americans jobless for longer: study
China’s frozen food import delays over coronavirus fears add fresh pressures to global supply chains

Hundreds of containers are being held up in the Chinese port of Dalian, a major location for seafood imports, as authorities test the fish for the coronavirus before allowing them to clear customs.

29 Jan 2021 - 10:48AM

Hundreds of containers are being held up in the Chinese port of Dalian, a major location for seafood imports, as authorities test the fish for the coronavirus before allowing them to clear customs.

China’s frozen food import delays over coronavirus fears add fresh pressures to global supply chains
Ride-hailing giant Didi Chuxing close to raising US$1.5 billion for on-demand trucking unit

Singapore’s Temasek Holdings, Jack Ma’s Yunfeng Capital and IDG Capital will join the financing for Didi Freight, an Uber-like trucking service.

27 Jan 2021 - 3:10PM

Singapore’s Temasek Holdings, Jack Ma’s Yunfeng Capital and IDG Capital will join the financing for Didi Freight, an Uber-like trucking service.

Ride-hailing giant Didi Chuxing close to raising US$1.5 billion for on-demand trucking unit
Morgan Stanley, Goldman set biggest bonus bumps for Asia bankers as deal flows rebound

Wall Street firms generated record investment banking revenue in the region as fiscal and monetary stimulus in the wake of the pandemic helped stoke stock and bond sales and trading.

27 Jan 2021 - 2:47PM

Wall Street firms generated record investment banking revenue in the region as fiscal and monetary stimulus in the wake of the pandemic helped stoke stock and bond sales and trading.

Morgan Stanley, Goldman set biggest bonus bumps for Asia bankers as deal flows rebound
In Singapore, foreign buying of private apartments drops to 17-year low

Purchases by non-resident Chinese also slumped, but they are still flocking to the city state because of its political, financial and legal stability, an analyst said.

27 Jan 2021 - 10:41AM

Purchases by non-resident Chinese also slumped, but they are still flocking to the city state because of its political, financial and legal stability, an analyst said.

In Singapore, foreign buying of private apartments drops to 17-year low
The world is dangerously dependent on Taiwan for semiconductors

The hi-tech skills of TSMC, the world’s largest chip foundry, have handed Taiwan political and economic leverage.

27 Jan 2021 - 8:27PM

The hi-tech skills of TSMC, the world’s largest chip foundry, have handed Taiwan political and economic leverage.

The world is dangerously dependent on Taiwan for semiconductors
Netherlands sees worst riots in four decades over coronavirus curbs

Police arrest 184 people after a third night of unrest in response to the government’s Covid-19 curfew.

27 Jan 2021 - 2:43AM

Police arrest 184 people after a third night of unrest in response to the government’s Covid-19 curfew.

Netherlands sees worst riots in four decades over coronavirus curbs
Twitter bans My Pillow CEO Mike Lindell, who insisted Donald Trump won US election

Ban is the latest in a series of disciplinary actions taken by Twitter that include, most notably, the banning of former US president Donald Trump.

26 Jan 2021 - 3:40PM

Ban is the latest in a series of disciplinary actions taken by Twitter that include, most notably, the banning of former US president Donald Trump.

Twitter bans My Pillow CEO Mike Lindell, who insisted Donald Trump won US election
Coronavirus: Philippines keeps kids under lockdown, harming chances of Singapore-style economic rebound

The only country in Southeast Asia to order minors to stay indoors amid the pandemic needs parents to go out and spend more – but won’t let them take their children with them.

27 Jan 2021 - 11:45AM

The only country in Southeast Asia to order minors to stay indoors amid the pandemic needs parents to go out and spend more – but won’t let them take their children with them.

Coronavirus: Philippines keeps kids under lockdown, harming chances of  Singapore-style economic rebound
Coronavirus: Moderna says vaccine works against new Covid-19 variants

Lab tests show shot produces comparable antibody protection against UK strain, but immunity may wane more quickly for South Africa variant.

26 Jan 2021 - 11:53PM

Lab tests show shot produces comparable antibody protection against UK strain, but immunity may wane more quickly for South Africa variant.

Coronavirus: Moderna says vaccine works against new Covid-19 variants
Wirecard executive fled by private jet to Belarus as firm collapsed

Jan Marsalek, Wirecard’s ex-COO who is on Interpol’s most-wanted list, fled in June shortly before Wirecard filed for insolvency.

25 Jan 2021 - 11:41PM

Jan Marsalek, Wirecard’s ex-COO who is on Interpol’s most-wanted list, fled in June shortly before Wirecard filed for insolvency.

Wirecard executive fled by private jet to Belarus as firm collapsed
TikTok reviews Italian watchdog’s order to block accounts as EU steps up oversight of children’s data

Short video hit TikTok has come under increased scrutiny by European Union regulators over data on children.

25 Jan 2021 - 9:43AM

Short video hit TikTok has come under increased scrutiny by European Union regulators over data on children.

TikTok reviews Italian watchdog’s order to block accounts as EU steps up oversight of children’s data
How US$145 million in ‘dark money’ donations helped Joe Biden win the presidency

That amount of anonymous donations dwarfs the US$28.4 million spent on behalf of his Republican rival.

23 Jan 2021 - 11:14PM

That amount of anonymous donations dwarfs the US$28.4 million spent on behalf of his Republican rival.

How US$145 million in ‘dark money’ donations helped Joe Biden win the presidency
Kuaishou’s US$6 billion IPO attracts BlackRock, Abu Dhabi, Canadian Pension Fund among 10 cornerstone investors

Cornerstone buyers typically agree to hold stock for a set period of time in exchange for early, guaranteed allocation.

24 Jan 2021 - 4:28PM

Cornerstone buyers typically agree to hold stock for a set period of time in exchange for early, guaranteed allocation.

Kuaishou’s US$6 billion IPO attracts BlackRock, Abu Dhabi, Canadian Pension Fund among 10 cornerstone investors
Ships continue to transport coal to China, despite ban on Australian imports

The traders are likely motivated by hope and money, as the cost of the cargoes – even with fees slapped on for failure to unload – is far less than domestic prices.

23 Jan 2021 - 2:00PM

The traders are likely motivated by hope and money, as the cost of the cargoes – even with fees slapped on for failure to unload – is far less than domestic prices.

Ships continue to transport coal to China, despite ban on Australian imports
Coronavirus: new variant found in Britain might be more deadly than original, says Boris Johnson

In addition to spreading more quickly, there is some evidence that the new variant ‘may be associated with a higher degree of mortality,’ said Johnson.

23 Jan 2021 - 10:02PM

In addition to spreading more quickly, there is some evidence that the new variant ‘may be associated with a higher degree of mortality,’ said Johnson.

Coronavirus: new variant found in Britain might be more deadly than original, says Boris Johnson
Tencent in talks with banks to borrow US$6 billion in Asia’s biggest syndicated loan for a Chinese firm since 2019

Tencent has in recent years spent billions of dollars buying stakes in promising start-ups, extending its reach in areas from social media to grocery delivery.

23 Jan 2021 - 12:44AM

Tencent has in recent years spent billions of dollars buying stakes in promising start-ups, extending its reach in areas from social media to grocery delivery.

Tencent in talks with banks to borrow US$6 billion in Asia’s biggest syndicated loan for a Chinese firm since 2019
Coronavirus: anger in Switzerland after South African tycoon Johann Rupert jumps vaccine queue

The Richemont boss received his first dose of a Covid-19 jab at a Swiss clinic his family owns.

22 Jan 2021 - 9:51PM

The Richemont boss received his first dose of a Covid-19 jab at a Swiss clinic his family owns.

Coronavirus: anger in Switzerland after South African tycoon Johann Rupert jumps vaccine queue
Coronavirus: no evidence Norway elderly deaths caused by Pfizer’s vaccine, WHO says

The UN health body said the risk-benefit balance of the vaccine ‘remains favourable in the elderly.’

22 Jan 2021 - 8:33PM

The UN health body said the risk-benefit balance of the vaccine ‘remains favourable in the elderly.’

Coronavirus: no evidence Norway elderly deaths caused by Pfizer’s vaccine, WHO says
Bitcoin plunge below US$30,000 has newbies scrambling to google double-spend for answers

Online discussions over potential blockchain implications has intensified, with Google searches for ‘Bitcoin double- spend’ spiking amid the cryptocurrency’s slide from record highs.

22 Jan 2021 - 12:09PM

Online discussions over potential blockchain implications has intensified, with Google searches for ‘Bitcoin double- spend’ spiking amid the cryptocurrency’s slide from record highs.

Bitcoin plunge below US$30,000 has newbies scrambling to google double-spend for answers
Apple’s first headset to be high-end precursor to eventual augmented reality glasses for the masses

AR glasses require years of work on lenses, hardware and software, component miniaturisation, production techniques and content creation.

22 Jan 2021 - 9:36AM

AR glasses require years of work on lenses, hardware and software, component miniaturisation, production techniques and content creation.

Apple’s first headset to be high-end precursor to eventual augmented reality glasses for the masses