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Public debt of Laos set to increase due to pandemic effect
VIENTIANE, Aug 8 (Xinhua): The public debt of Laos may increase to as much as 65 to 68 per cent of GDP in 2020 following a sharp fall in national revenue collection alongside an increase in loans due to the Covid-19 (coronavirus) pandemic, according to a government official.
Minister: Cambodia-China FTA to boost bilateral trade, investment ties
PHNOM PENH, Aug 8 (Xinhua): The free trade agreement (FTA) between Cambodia and China will undoubtedly promote stronger trade and investment ties between the two countries, Cambodia's Commerce Minister Pan Sorasak said in a recent interview with Chinese media.
Oil price slips below $45/bbl on demand concerns but posts weekly rise
NEW YORK: Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases.
Stocks ebb after jobs data halts rally
NEW YORK: The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the wrangles in Washington over a new stimulus bill.
White House rejects Democrats' offer for 2 trln USD COVID-19 relief package: media
WASHINGTON, Aug. 7 (Xinhua) -- The White House had rejected Democrats' offer for a roughly 2-trillion-U.S.-dollar COVID-19 relief package, U.S. media reported Friday.
All that glitters is...
This week’s article is about the real thing that glitters, gold. Of course, some would argue that glove stocks too are actually like gold due to their spectacular run year-to-date.
Top US Democrats Pelosi, Schumer call on White House to negotiate Friday on coronavirus relief
WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer urged the White House to join them again on Friday in talks on proposals for coronavirus relief.
Trump ban on top messaging app risks snarling global business
Banning WeChat, the world’s most-used messaging app, has the potential to upend the international businesses of companies from Apple Inc to Walmart Inc and shut down personal communications between America and China.
Mark Zuckerberg’s fortune surpasses US$100bil
Mark Zuckerberg’s net worth passed US$100bil (RM419.35bil) for the first time on Aug 6 after Facebook Inc hit a record high on optimism about the release of its TikTok competitor Reels.
‘Fortnite’ maker Epic Games becomes 5th most valuable US startup
Epic Games Inc, the video game company behind Fortnite, said the business is valued at US$17.3bil (RM72.46bil) after completing a new round of funding. The deal makes Epic the fifth-most-valuable technology startup in the US.
