Global stocks press pause, gold hits 3-mth high on inflation concerns
Global shares hit the pause button and gold briefly crested a three-month high as surging COVID-19 cases in some Asian countries and inflation pressures tempered demand for riskier assets. Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns […]
AT&T close to deal to combine media empire with Discovery-reports
U.S. telecoms giant AT&T Inc (T.N) is nearing a deal to combine its media assets, including CNN and HBO, with Discovery Inc (DISCA.O), the owner of lifestyle TV networks such as HGTV and TLC, according to news reports citing unnamed sources. The deal would mark the unwinding of AT&T’s $108.7 billion acquisition of U.S. media conglomerate Time Warner […]
Samoa set to appoint first female prime minister
Fiame Naomi Mataafa is poised to become Samoa’s first female prime minister, after the Pacific nation’s top court on Monday helped break a month-long political impasse that followed a tightly contested April election. Samoa’s Supreme Court on Monday afternoon overruled an attempt by the head of state Tuimalealiifano Vaaletoa Sualauvi II to void the election […]
Hong Kong-Singapore travel bubble postponed for a second time
A travel bubble between Hong Kong and Singapore due to open on May 26 has been postponed for a second time, officials said on Monday, after a spike in cases in Singapore derailed the plan for quarantine-free travel between the financial hubs. The bubble was initially slated to begin in November last year but was […]
Bitcoin hits 3-month low and then rallies on Musk tweets
Bitcoin rallied from a three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk’s tweets about the carmaker’s bitcoin holdings. In his latest tweet, Musk said “Tesla has not sold any bitcoin”. That seeming clarification came after weekend tweets hinted […]
Ooredoo Data Centre Lands World Economic Magazine Award
In recognition of its leading technological services and infrastructure, Ooredoo has been named “Best Network Readiness – Data Centre services Oman 2021” at the US-based World Economic Magazine Awards. This prestigious global accolade is recognition of Ooredoo’s support of Vision 2040, to be a knowledge-based and technologically-advanced society.
Taiwan urges no panic buying as new COVID-19 rules kick off
Taiwan appealed to people to avoid panic buying of items such as instant noodles and toilet paper as new curbs on gatherings and movement took effect to rein in the spread of COVID-19 during a spike in domestic infections. Taiwan raised its coronavirus alert level in the capital, Taipei, and the surrounding city, on Saturday, […]
Australia sticks by plan to re-open border in mid-2022
Australia is sticking to plans to start re-opening to the rest of the world only from the middle of next year, officials said on Sunday, resisting mounting pressure to end the closure of international borders. In March 2020, Australia closed its borders to non-nationals and non-residents and has since been allowing only limited international arrivals, […]
Cairn Energy sues Air India to enforce $1.2 bln arbitration award – court filing
Cairn Energy (CNE.L) has sued India’s flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters. The move ratchets up pressure on India’s government to pay the sum of $1.2 billion plus interest and costs that the British firm […]
India records more than 4,000 daily COVID-19 deaths
India reported a smaller rise in daily COVID-19 cases for the third straight day on Sunday, but the number of deaths in 24 hours was higher than 4,000, taking the country’s death toll to 270,000.
