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TOKYO: After more than three centuries in business, the Onuma department store in northern Japanese city of Yamagata began bankruptcy proceedings this year - one of many distinguished department stores across the country in dire straits.
OF THE many tragedies in the US Covid-19 coronavirus epidemic, among the largest was that the nation's four economic powerhouses - California, Florida, New York and Texas - bolted to opposite corners early in an often politicised response to the crisis.
JAKARTA: Hundreds of Indonesian workers rallied outside the nation’s parliament against a sweeping legislation meant to make it easier for companies to hire and fire employees, undermining President Joko Widodo’s efforts to boost investment and revive an economy battered by Southeast Asia’s worst coronavirus outbreak.
SINGAPORE: Crude oil prices nudged higher on Monday as storms bore down on the Gulf of Mexico, shutting more than half the region's oil production, although gains were capped by ongoing concerns about demand from coronavirus lockdowns.
Unfortunately, there’s no end in sight to the economic uncertainty, closed schools, cramped quarters and social unrest, let alone the fear and risk of illness and death. And if those who are unemployed now continue to go without a job for longer periods, more people will suffer from depression, anxiety and other psychological problems.
LONDON: As Britain and the European Union (EU) restart talks to try to agree a trade deal before the end of 2020, traders are bracing for a new round of volatility for the pound that could end the currency’s recent run higher.
MARYLAND: One of the most extreme heat waves in generations is smothering California this week and pushing the region’s power grid to the brink of collapse
BENGALURU: Indian shares eked out gains on Monday as Prime Minister Narendra Modi's assurance on mass production of COVID-19 vaccines and more infrastructure spending by the government boosted sentiment.