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(Reuters) - Reading's first-team players have agreed to defer a "substantial" portion of their wages for three months to help negate the economic impact of the COVID-19 pandemic, the English Championship (second-tier) club said on Tuesday.
PETALING JAYA: Consumer spending risks falling off a cliff as more Malaysians are retrenched or undertake pay cuts, according to experts.
BUSINESSES may go bust unless something is done to reduce their overheads.
SINGAPORE/JAKARTA: Saudi Arabia has deported thousands of Ethiopian workers. The Malaysian authorities have swept up hundreds of undocumented workers in raids amid its movement control order, while its neighbour Indonesia, home to most of them, is repatriating its citizens.
SINGAPORE: Singapore downgraded its 2020 gross domestic product forecast for the third time as the COVID-19 pandemic batters the bellwether economy, the trade ministry said on Tuesday.
LONDON: Britain’s finance minister, Rishi Sunak, has authorised a plan to save strategically important companies in exceptional circumstances, the Financial Times reported, citing details shared with the newspaper by the Treasury.
TOKYO: Japanese Prime Minister Shinzo Abe said on Monday that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up.
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.
TOKYO: Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday (May 25), while the Nikkei reported a plan for new stimulus worth almost US$1 trillion to help companies ride out the Covid-19 (coronavirus) pandemic.
LONDON: Up to 60 English lower league soccer clubs could go out of business if the sport fails to plan for the impact of COVID-19 beyond the current season, Huddersfield Town owner Phil Hodgkinson said on Sunday.