Economic Impact
US President Donald Trump has downplayed the importance of the phase one trade deal with China as top negotiators prepare to discuss progress on the pact in coming days.
A 20 to 30 per cent salary reduction, introduced in April for executives at vice-president level and above, will also remain in force until further notice.
Zhuhai will be the first city to be issued with tourist visas, says the Macau government, though visas will be halted if there are signs of virus transmissions returning.
The group, which represents the catering industry, says the scheme could create hundreds of jobs.
The Ministry of Trade and Industry had expected a 12.6 per cent drop in second quarter GDP, and sees a 5 to 7 per cent contraction in full-year GDP.
The tech firms argue Trump’s visa freezes are based on a ‘false assumption’ that they will protect US workers.
Global Impact is a fortnightly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world.
With tourism and exports in free fall, Thailand’s economy could shrivel by as much as 10 per cent this year, but there are plenty in the Southeast Asian nation who are ‘financially immune’.
The impact is likely to be worse than after the 1997 Asian financial crisis, as accelerated economic restructuring reshapes industries, destroying some jobs permanently.
A publisher of travel guides has seen his business plunged into uncertainty by the collapse in international travel. Another publisher sees a vast untapped market for armchair travel until we start taking trips again.
Malaysia, Thailand, the Philippines and Indonesia have seen a surge in plastic waste as environmental awareness takes a back seat to health concerns.
Working performers not always eligible for financial support from government, with venues such as bars not recognised under scheme.
Basalt Island, where expat banker fell and died, among unspoilt spots attracting more visitors
Americans unemployed due to pandemic to get extra US$400 a week, down from US$600 in earlier package.
Jacinda Ardern hit 60 per cent support in the latest surveys after her leadership through the Christchurch mosque attacks, the White Island volcanic eruption and the pandemic.
India has been posting an average of around 50,000 new cases a day since mid-June, but experts say its testing rate at 16,035 per million people is far too low.
Mauritius has the best coronavirus record in Africa, with no local infections for three months. Now the government is under pressure to safely restart tourism.
Uber Technologies said demand for its food-delivery service more than doubled in the second quarter, while demand for ride-hailing trips was only marginally recovering from pandemic rock-bottom.
Depressing jobs scene drives some to turn talents, hobbies into potential money-spinners.