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Special Report: A collapsing economy and a family feud pile pressure on Syria's Assad
BEIRUT/AMMAN/DUBAI (Reuters) - In May, Syrian tycoon Rami Makhlouf, a cousin and long-time ally of President Bashar al-Assad, took a once unimaginable step.
Thai king swears in Cabinet, silent on demands for royal reform
BANGKOK (Reuters: Thailand's King Maha Vajiralongkorn swore in a new cabinet on Wednesday (Aug 12), calling for "order and peace" but without mentioning recent anti-government student protests that have urged reforms of the powerful monarchy.
Thailand's king swears in cabinet, silent on demands for royal reform
BANGKOK (Reuters) - Thailand's King Maha Vajiralongkorn swore in a new cabinet on Wednesday, calling for "order and peace" but without mentioning recent anti-government student protests that have urged reforms of the powerful monarchy.
Azhar rubbishes claims of taking sides
SPEAKER Datuk Azhar Azizan Harun has rubbished claims that he had taken sides when chairing the Parliament proceedings.
‘Banks have enough capital buffer for loan moratorium extension’
BANKS have enough capital buffer to implement the loan moratorium extension as announced by the government, said Deputy Finance Minister I Datuk Abdul Rahim Bakri.To date, RM66bil out of the RM100bil allocation had been used by banks under the moratorium assistance through the economic stimulus package, he said.
UK economy slumps 20% in Q2, unemployment fears mount
LONDON: Britain’s economy shrank by a record 20.4% between April and June when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020.
Thailand’s new economic team takes charge
BANGKOK: Former banker Predee Daochai was inaugurated as Thailand’s new finance minister in Prime Minister Prayuth Chan-Ocha’s revamped Cabinet that’s tasked to lead the country out of its worst ever economic crisis amid mounting anti-government protests.
Mexican president wants graft testimony from predecessors Calderon and Pena Nieto
MEXICO CITY (Reuters) - Mexico's President Andres Manuel Lopez Obrador said on Wednesday the two presidents who preceded him should testify about corruption after a complaint by a former head of state oil firm Petroleos Mexicanos [PEMX.UL], known as Pemex.
Scholz pick helps Germany's Social Democrats to surpass Greens in polls
BERLIN (Reuters) - The decision of Germany's Social Democrats (SPD) to nominate Finance Minister Olaf Scholz as chancellor candidate has given the centre-left party a popularity boost, helping them to surpass the Greens in a poll published on Wednesday.
UK economy slumps 20% in Q2, unemployment fears mount
LONDON: Britain's economy shrank by a record 20.4% between April and June when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020.
