Singapore says China virus outbreak will hit its economy this year

Views - 9 Tuesday, 28 January 2020 00:03

Singapore said on Monday that the coronavirus outbreak will hurt its economy this year, as it announced new measures to tackle the disease which originated in China and has spread to the city-state and several other countries.

Britain unveils 50 pence coin minted to mark Brexit

Views - 5 Tuesday, 28 January 2020 00:02

Britain unveiled on Sunday a new 50 pence coin minted to mark the country’s departure from the European Union, which bears the inscription “Peace, prosperity and friendship with all nations” and the Brexit date of 31 January 2020.

Indian panel wants encryption broken in fight against child porn

Views - 8 Tuesday, 28 January 2020 00:01

Indian enforcement agencies should be able to break end-to-end encryption to hunt down distributors of child pornography online, a parliamentary panel has urged as the south Asian nation looks to regulate social media.

Global stocks, oil hit by China virus fears, safe havens gain

Views - 8 Tuesday, 28 January 2020 00:00

LONDON (Reuters): World shares fell to their lowest in two weeks on Monday as worries grew about the economic impact of China’s spreading coronavirus with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.

India, Brazil sign 15 accords to deepen ties across range of sectors

Views - 10 Monday, 27 January 2020 00:43

Reuters: India and Brazil have signed 15 accords aimed at forging closer ties between the two emerging market giants across a range of sectors, especially defence, both countries’ leaders tweeted on Saturday. Indian Prime Minister Narendra Modi and

India likely to raise import duties on more than 50 items next week

Views - 9 Monday, 27 January 2020 00:43

NEW DELHI (Reuters): India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $ 56 billion worth of imports from China and elsewhere, officials and industry source

Israel approves travel to Saudi under limited circumstances

Views - 8 Monday, 27 January 2020 00:42

JERUSALEM, REUTERS: Israel on Sunday announced that it would permit Israeli citizens to travel to Saudi Arabia for the first time, under certain conditions that include Israeli entrepreneurs seeking investments, in a signal of warming ties. Israeli I

EU plans more protectionist antitrust rules, data sharing in policy shake-up

Views - 9 Monday, 27 January 2020 00:38

BRUSSELS (Reuters): The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen

Regional outlooks for 2020 show signs of promise for trade, stronger economies

Views - 7 Monday, 27 January 2020 00:37

Davos-Klosters, Switzerland: On the first day of the World Economic Annual Forum Meeting 2020, leaders reported on their regions’ respective strategic outlooks, highlighting cooperation to improve trade and economic growth Middle East and North A

The global spread of the coronavirus: Where is it?

Views - 9 Monday, 27 January 2020 00:00

BEIJING, AFP: A virus similar to the SARS pathogen has claimed 56 lives since emerging in a market in the central Chinese city of Wuhan, and spread around the world. Here are the places that have confirmed cases of the 2019 Novel Coronavirus: China

India’s Republic Day celebrations marked with protests, blasts

Views - 6 Monday, 27 January 2020 00:00

KOCHI/LUCKNOW (Reuters): Hundreds of thousands of Indians protested across the country on Sunday against a citizenship bill that many fear is discriminatory against the minority Muslim community. The protests, which began last month, gathered fresh m

Wuhan Mayor expects another 1,000 virus cases

Views - 6 Monday, 27 January 2020 00:00

SHANGHAI (Reuters): The mayor of China’s Wuhan, epicentre of an outbreak that has killed 56 and infected about 2,000 in China alone, said on Sunday he expects another 1,000 new patients from the disease. Zhou Xianwang told reporters in a briefing t

Proposed Hong Kong virus quarantine building firebombed during protest

Views - 5 Monday, 27 January 2020 00:00

HONG KONG, AFP: Protesters threw petrol bombs on Sunday night at an empty public housing complex in Hong Kong that had been earmarked to become a temporary quarantine zone as the city battles an outbreak of the SARS-like novel coronavirus. Hong Kong

Pope Francis praises China’s efforts to contain coronavirus

Views - 5 Monday, 27 January 2020 00:00

VATICAN CITY, (REUTERS) Pope Francis praised China’s “great commitment” to contain the coronavirus outbreak on Sunday and said he was praying for the dead, the sick, and families of victims. “I would like also to be close to and pray for the

China scrambles to contain ‘strengthening’ virus as 56 killed

Views - 7 Monday, 27 January 2020 00:00

BEIJING, (Reuters): The ability of the new coronavirus to spread is strengthening and infections could continue to rise, China’s National Health Commission said on Sunday, with nearly 2,000 people in China infected and 56 killed by the disease. Hea

Shares hold ground as China virus fears persist; euro hits seven-week low after ECB

Views - 9 Saturday, 25 January 2020 00:05

TOKYO (Reuters): Asian shares held their ground on Friday as trade slowed for the Lunar New Year, despite investors’ fears that a new coronavirus in China could spread faster as millions of people would b

Democrats in impeachment trial say Trump abused his power for political gain

Views - 5 Saturday, 25 January 2020 00:02

WASHINGTON (Reuters): Democrats worked methodically at US President Donald Trump’s impeachment trial on Thursday to dismantle his long-standing allegation that Democratic presidential contender Joe Biden acted improperly toward Ukraine while vice p

‘No, No America’: Thousands of Iraqis rally against US military presence

Views - 4 Saturday, 25 January 2020 00:02

BAGHDAD (Reuters): Thousands of Iraqis rallied at two central Baghdad intersections on Friday after a prominent cleric called for a “million strong” protest against the American military presence, following the US killing of an Iranian general an

‘The gate of justice is opened’: Rohingya cheer as World Court orders Myanmar to protect them

Views - 6 Saturday, 25 January 2020 00:01

COX’S BAZAR, Bangladesh/Yangon (Reuters): Rohingya Muslims celebrated a decision by the International Court of Justice to order Myanmar to protect them, hovering over mobile phones in refugee camps to watch the first legal victory since a military-

China locks down two cities at epicentre of virus outbreak

Views - 11 Friday, 24 January 2020 00:00

BEIJING (Reuters): China put on lockdown on Thursday two cities at the epicentre of a new coronavirus outbreak that has killed 17 people and infected nearly 600, as health authorities around the world scramble to prevent a global pandemic. Health off

World Court orders Myanmar to take steps to protect Rohingya

Views - 8 Friday, 24 January 2020 00:00

THE HAGUE (Reuters): The International Court of Justice on Thursday ordered Myanmar to take urgent measures to protect its Muslim Rohingya population from persecution and atrocities, and preserve evidence of alleged crimes against them. Mostly Muslim

Mumbai bets on all-night shopping to lift India’s economy

Views - 7 Friday, 24 January 2020 00:00

MUMBAI (Reuters): Residents of Mumbai will be able to shop and dine out until dawn from late this month as the Indian city plans to lift restrictions on retail trading hours in order to boost the local economy. With India’s economy growing at its s

Get an economics degree Greta, then let’s talk – US Treasury chief

Views - 13 Friday, 24 January 2020 00:00

DAVOS, Switzerland (Reuters): Just when the Swiss mountain spat between U.S. President Donald Trump and Greta Thunberg seemed to have blown over, US Treasury Secretary Steven Mnuchin took a new dig at the young climate activist on Thursday. Asked dur

Asian stocks bounce as investors welcome China virus response

Views - 12 Thursday, 23 January 2020 01:41

SINGAPORE (Reuters): Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tour

Supreme Court gives government more time to explain divisive citizenship law

Views - 8 Thursday, 23 January 2020 01:40

New Delhi (Reuters): The Supreme Court declined calls to suspend the implementation of a new citizenship law on Wednesday, deciding that a constitutional bench of five judges was needed to hear all the challenges to legislation that critics say discr

China virus deaths hit 17, heightening global alarm

Views - 8 Thursday, 23 January 2020 01:36

Beijing/Shanghai (Reuters): Deaths from China’s new virus rose to 17 on Wednesday with more than 540 cases confirmed, increasing fears of contagion from an infection suspected to originate from illegally-traded wildlife. The previously unknown, flu

Imran Khan calls for UN action on India dispute

Views - 10 Thursday, 23 January 2020 01:36

Davos, Switzerland (Reuters): Pakistan’s Prime Minister Imran Khan called on Wednesday for the United Nations to help mediate between nuclear armed India and Pakistan over the disputed territory of Kashmir. “This is a potential flashpoint,” Kha

Trump calls for more overseas investment in US as impeachment trial begins

Views - 10 Wednesday, 22 January 2020 00:02

Davos (Reuters): Thousands of miles from his Washington impeachment trial, President Donald Trump took centre stage at Davos to tout the success of the US economy, while criticising the US Federal Reserve on Tuesday. Trump, marking his second meeting

Iranian MP offers $3 million reward for “whoever kills Trump”: ISNA

Views - 15 Wednesday, 22 January 2020 00:02

Dubai (Reuters): An Iranian lawmaker offered a $3 million reward to anyone who killed US President Donald Trump and said Iran could avoid threats if it had nuclear arms, ISNA news agency reported on Tuesday amid Tehran’s latest standoff with Washin

Trump lawyers call for immediate acquittal in legal, political defence

Views - 9 Wednesday, 22 January 2020 00:02

WASHINGTON (Reuters): US President Donald Trump on Monday rejected the Democratic-led House of Representatives’ impeachment charges and called for their immediate dismissal by the Republican-led Senate in a memo offering a legal and political case

Today's Columnists

COVID-19 – The dark side of global supply chains

Monday, 17 February 2020

The coronavirus, now known as COVID-19, outbreak in China has slowly but steadily rattled the global economy, disrupting virtually every major industry, from food, fashion, pharmaceuticals, entertainment to automobiles and technology. The first casu

Covid-19 and its effect on the airline industry

Monday, 17 February 2020

The effects of the Coronavirus, now named Covid-19 by the World Health Organization (WHO), has already had a numbing effect on the airline industry. Sadly, it appears that the worst is yet to come. SARS in 2002 Readers who remember the Severe Acute

Coronavirus epidemic and China’s slowdown: Economic impact on Sri Lanka

Monday, 17 February 2020

On 28 January 2020, the World Health Organization (WHO) declared the outbreak of the novel coronavirus (2019-nCoV) a global emergency. The new virus emerged in Wuhan, the capital of Hubei Province in China but has now spread to at least 27 other coun

Doing bigger and better

Monday, 17 February 2020

When I say this to my colleagues, many misinterpret it as working for a bigger enterprise with better perks. Well, that is not what I mean. This truly is a confusing and opportunistic statement. During the three decades of my entrepreneurial exper

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