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BUSINESS

Former Garuda CEO gets jail for Rolls graft

Published on 08/05/2020

» JAKARTA: An Indonesian court on Friday jailed a former chief executive of Garuda Indonesia for bribery and money laundering related to procurement of planes and engines from Airbus and Rolls-Royce, his lawyer said.

BUSINESS

New oil-trading scandal rocks Singapore

Bloomberg News, Published on 08/05/2020

» SINGAPORE: The turmoil engulfing Singapore’s oil trading community deepened on Friday as police raided the office of ZenRock Commodities Trading Pte Ltd following allegations made by HSBC that the company was involved with a number of “dishonest” transactions.

WORLD

US suffers biggest job losses in history

AFP, Published on 08/05/2020

» WASHINGTON: With shops and factories closed nationwide due to the coronavirus pandemic, nearly all of the jobs created in the US economy in the last decade were wiped out in a single month.

BUSINESS

US jobless rate soars to 14.7%

News Agencies, Published on 08/05/2020

» WASHINGTON: The coronavirus lockdown wiped out 20.5 million US jobs in April, destroying nearly all the positions created in the prior decade in the world's largest economy, the Labor Department reported Friday.

WORLD

Germany calls for unity as US virus toll soars

AFP, Published on 08/05/2020

» BERLIN - Germany marked the anniversary of the end of World War II in Europe on Friday with a call for global cooperation to beat the coronavirus, as western economies prepared to brave still mounting death tolls with a return to normal business.

BUSINESS

Union opposes privatising THAI, spinning off units

Chatrudee Theparat and Mongkol Bangprapa, Published on 08/05/2020

» The Thai Airways International union has made clear its stance against privatisation and spinning off potentially profitable units as part of a rescue plan for the ailing national carrier.

BUSINESS

Seoul shopping mecca Myeongdong feels like ghost town

Pulse, Published on 08/05/2020

» SEOUL: Tourists’ must-stop shopping mecca of Myeongdong in downtown Seoul has turned into a ghost town after tourists stopped coming to the country while locals refrained from eye or store shopping since the coronavirus outbreak.

WORLD

China backs WHO-led review of global pandemic response

AFP, Published on 08/05/2020

» BEIJING: China said Friday it supports a World Health Organization-led review into the global response to the coronavirus outbreak, but only "after the pandemic is over".

THAILAND

Bangkok cat cafe a purr-fect antidote

Reuters, Published on 08/05/2020

» As Bangkok cautiously reopens restaurants shuttered over coronavirus fears, the feline “employees” of the Caturday Cafe are back at work.

WORLD

Mahathir plots no-confidence move against successor

Kyodo News, Published on 08/05/2020

» KUALA LUMPUR: The speaker of the Malaysian parliament has accepted former prime minister Mahathir Mohamad’s application to move a motion of no-confidence against his successor Muhyiddin Yassin when the House of Representatives meets.