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BEIJING/SHANGHAI: Investors worried about the spread of the coronavirus wiped more than US$400 billion off the value of China's stocks in the first trading session on Monday after an extended Lunar New Year break while the death toll from the epidemic rose to 361.
PARIS: Luxury giant LVMH won’t begin looking for an outside designer to succeed the late Karl Lagerfeld at fur-maker Fendi, leaving an executive who’s a member of the brand’s founding family to fill the role for the time being, according to people familiar with the matter.
FRANKFURT: As tightening emissions rules force the car industry to embrace battery power, a German startup says it has the technology to give the dying combustion engine a reprieve.
WHAT do carpets and coffins have in common?
LONDON: Claims that globalisation has peaked are misplaced, the Bank for International Settlements (BIS), the central bank for the world’s central banks said on Sunday, although policymakers need to manage its side-effects carefully from here.
KUALA LUMPUR: The General Insurance Association of Malaysia (Piam) has affirmed that its members will simplify procedures for personal accident insurance claims relating to the passengers and crew of MH370 and would not be requiring a death certificate.
THE fact that even Tenaga Nasional Bhd (TNB) is proposing the planting up of a 1,000MW gas-fired power plant from the Energy Commission (EC) is another case in point supporting the view that energy reforms initiated in October 2012 are no longer in force.
DETROIT: Two senators on Wednesday raised the possibility of a sixth fatality linked to Takata Corp air bags, as they announced a news conference to introduce the sister of someone who died in an Arizona accident in 2003.