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Dubai in talks on London air-travel agreement
DUBAI: A plan to open up air travel between Dubai and London is ready and could be implemented once approved by the respective governments, according to the head of the emirate’s airport operator.
Singapore looks to Malaysia for clean power
SINGAPORE: A two-year trial for electricity imports from Peninsular Malaysia to the republic is being planned, beginning next year, according to the Energy Market Authority (EMA
EMA: Singapore to begin trial electricity imports from Peninsular Malaysia end-2021
SINGAPORE: Singapore will be embarking on a two-year trial for electricity imports from Peninsular Malaysia to the republic, according to the Energy Market Authority (EMA).
Time to reset expectations for world economy
LONDON: Investors banking on a coronavirus vaccine to save the world economy in 2021 need to temper their ambitions as scientists increasingly warn of a long and difficult road ahead.
Samsung chairman Lee Kun-hee dies at 78
SEOUL: Lee Kun-hee, the charismatic leader of Samsung Group, South Korea’s biggest conglomerate, died on Sunday, the company said, six years he was hospitalised for a heart attack.
Understanding Goldman Sachs' role in 1MDB scandal
KUALA LUMPUR/WASHINGTON: Goldman Sachs Group Inc on Thursday reached a deal to settle a probe into the bank's role in Malaysia's 1MDB corruption scandal, which included total penalties of US$2.9 billion.
Trump ex-fundraiser Elliot Broidy pleads guilty in 1MDB foreign lobbying case
WASHINGTON: A former fundraiser for U.S. President Donald Trump pleaded guilty on Tuesday to a charge that he illegally lobbied Trump to drop an investigation into a Malaysian embezzlement scandal.
Gloves stay strong, with fears over vaccine’s safety
PETALING JAYA: The efficacy of a potential Covid-19 vaccine continues to be a concern even as the need for it becomes prevalent.
Global Forex Market
RISK aversion dominated globally due to rising coronavirus cases as well as dwindling prospects of US fiscal aid before the US elections. This led investors to flock to the safe-haven dollar – sending the dollar index to a nearly two-week high, up 0.86% to 93.86.
GLOBAL MARKETS-Virus, stimulus angst hit world stocks; dollar shines
NEW YORK/LONDON: Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.
