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Surprise US unemployment rate drop leaves out blacks, Asians
NEW YORK: The U.S. unemployment rate dropped unexpectedly in May, but not all workers benefited equally as joblessness among African Americans and Asians rose, signaling some minorities face a longer recovery as the economy slowly rebounds from the coronavirus shutdowns.
New player looking to challenge MyEG
THERE is a new player in town looking to enter the space previously dominated by online service provider MyEG Services Bhd.
US jobless rate unexpectedly fell in May
NEW YORK: America’s labour market unexpectedly rebounded in May, signalling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
Hong Kong more stable after security law
HONG KONG has become a centre of global attention again after China’s National People’s Congress (NPC) adopted a piece of new security legislation for this Asian financial centre to stop unduly demonstrations and violent riots that have hurt its economy and people’s livelihood.
Crossing the Rubicon on world order
IN January 49 BC, Julius Caesar crossed the Rubicon river with his 13th Legion and marched into Rome, effectively ending its Republican period and opening the way to Imperial Rome.
Petronas Chemicals leads market rally to 1,550
KUALA LUMPUR: The FBM KLCI ended the morning session at 1,550 points as the risk appetite continued to grow amid improving investor sentiment.
Wall Street closes sharply higher on signs of economic rebound
NEW YORK: Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.
Tiffany dives on report deal with LVMH uncertain
NEW YORK: Tiffany & Co plunged after Women’s Wear Daily reported LVMH’s deal to buy the luxury jewellery company is uncertain as the US economy faces widespread upheaval.
Italy reopens partially
Rome: Italy reopens to travellers from Europe on Wednesday, three months after the country went into coronavirus lockdown, with all hopes pinned on reviving the key tourism industry as the summer season begins.