U.S. stock futures were lower in early morning trade on Friday following the release of the Fed’s latest bank stress-test results and disappointing quarterly numbers out of Nike. Dow Jones Industrial Average futures were down 173 points, while S&P 500 and Nasdaq-100 futures also traded in negative territory. The moves came after the Fed’s annual stress […] Read more
Health Canada has added more hand sanitizer products to their growing recall list. The agency first announced recalls of some hand sanitizer products on June 6 due to the presence of industrial-grade ethanol, and has continued to update the list throughout the month. The following hand sanitizers were added to the recall list on Monday: Gel Antiseptique Pour Les Mains, […] Read more
Online payments start-up Checkout.com has raised $150 million in funding at a $5.5 billion valuation — nearly three times what it was worth when it last raised cash. Founded in 2012, the London-based company sells a software platform that makes it easier for businesses to process and take payments over the web. It competes with […] Read more
NATO Secretary-General Jens Stoltenberg sees no imminent threats to members of the 30-country alliance, even in the face of a rising China and worsening relations with Russiam “Those two nations [China and Russia] are two very different challenges for NATO. We don’t see any imminent threat against any NATO ally,” Stoltenberg told Hadley Gamble from […] Read more
Russian President Vladimir Putin has connected the U.S.′ handling of the coronavirus crisis with the widespread civil unrest and anti-racism protests in the country, according to Russian media reports. Putin said the Covid-19 pandemic had “shone a spotlight” on issues in the country, adding that the protests for racial equality and against police brutality were […] Read more
Mark Zuckerberg and Priscilla Chan responded to scientists funded by their Chan Zuckerberg Initiative (CZI) who criticized Facebook’s response to President Donald Trump’s controversial post where he said “when the looting starts, the shooting starts.” In a letter shared on Twitter, the married couple said they were “deeply shaken and disgusted by President Trump’s divisive and incendiary rhetoric” […] Read more
Spain will be flying German tourists to their dream-worthy beaches starting June 15 in a pilot program to bring tourism back to its Balearic Islands. “What we are planning in the Balearics is to let a few thousands in,” an official at the Spanish foreign ministry told Reuters. “This is limited and to test the system.” The […] Read more
Qatar’s Minister of State for Energy Affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi Arabia and Russia to launch into a price war, which sent oil prices into free fall. “I think it was a very big mistake,” Saad […] Read more
It is an awkward scene familiar to many Hongkongers: at an airport overseas, an immigration officer looks at a burgundy-coloured passport embossed with the British coat of arms, while the bearer of the document braces for the inevitable confusion and embarrassment. “British?” the officer asks, with a hint of suspicion. “Hmmm, no – I’m from […] Read more
Thailand’s coronavirus lockdown has eased but tourism industry must rely on local travellers for now
With cash flow drying up at Thailand’s popular beach resort of Phuket, hotels are racing to restart tourism –starting with local travellers. “If nothing changes in the next three months, we won’t be able to afford paying for staff,” said Angkana Tanetvisetkul, president of the Kata Karon Business Association, which represents more than 40 locally […] Read more
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