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LONDON: For all the human and economic damage it has wreaked on the United States, the coronavirus crisis has reinforced the most important vestige of American power in the global economy: the supremacy of the dollar.
KUALA LUMPUR: Film producer Riza Shahriz Abdul Aziz has been given a discharge not amounting to an acquittal by the Sessions Court here over five counts of money laundering involving US$248mil (RM1.25bil) linked to the controversial 1Malaysia Development Bhd (1MDB).
MELBOURNE (Reuters) - Professional athletes in all sports have been impacted by the global shutdown caused by COVID-19 but women may end up the biggest losers due to ingrained bias and discrimination, Australia's Winter Olympic trailblazer Zali Steggall has said.
Because the pandemic has robbed families of traditional funerals, even in non-coronavirus deaths, Preston Griffin often becomes the face of their final goodbye.
PETALING JAYA: Taliworks Corp Bhd saw a 37% jump in net profit for the first three months of this year despite lower income contribution from its construction and toll highway businesses due to the movement control order.
HANOVER: TUI AG will eliminate as many as 8,000 jobs, about 15% of its workforce, to cut costs and slim down its business as people travel less and favor different locations following the coronavirus outbreak.
FRANKFURT: Commerzbank AG took a €479mil (US$520mil) hit to deal with the fallout from the coronavirus crisis, joining peers in marking down assets and boosting reserves to deal with bad loans.
JAKARTA (The Jakarta Post/ANN): Indonesian borrowers are selling a record amount of dollar bonds, as the country’s strong fiscal track record in recent years fuels optimism on its ability to weather the Covid-19 crisis.
The Employees Provident Fund (EPF) has launched the Employer Covid-19 assistance programme (e-CAP) for small and medium enterprises (SMEs) to apply for a deferment and restructuring of the employer’s share of EPF contributions for April, May or June 2020.
KINSHASA (Reuters) - The chief of staff to Democratic Republic of Congo's president denied all wrongdoing on Monday as his trial on charges of embezzling more than $50 million (£40.5 million) in public funds opened live on national television.