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Kuwait bans flights to 31 ‘high risk’ countries due to coronavirus
World

Kuwait bans flights to 31 ‘high risk’ countries due to coronavirus

DUBAI: Kuwait has banned until further notice commercial flights to 31 countries it regards as high risk due to the spread of the coronavirus, the Directorate General of Civil Aviation said on Saturday (Aug 1). The countries include India, Pakistan, Egypt, the Philippines, Lebanon and Sri Lanka, which all have large numbers of expatriates in Kuwait. The list also includes China, Iran, Brazil, Mexico, Italy and Iraq. The ban was announced the same day that Kuwait began a partial resumption of commercial flights. The authorities have said Kuwait International Airport would run at about 30 per cent capacity from Saturday, gradually increasing in coming months. The health ministry also advised against all non-essential travel at the present time, government spokesman Tariq al-Muzaram sa...
Pakistan FM Qureshi faces criticism for slamming Saudi Arabia over Kashmir
World

Pakistan FM Qureshi faces criticism for slamming Saudi Arabia over Kashmir

Pakistan's Foreign Minister Shah Mehmood Qureshi is facing heat over his remarks against Saudi Arabia for refusing to interfere on Kashmir issue.The differences in their relations surfaced when Pakistan was made to pay back USD 1 billion to Saudi Arabia. This reflected the fact that Islamabad is gradually losing the support of other Muslim countries.Recently two Pakistani journalists -- Rauf Klasra and Amir Mateem -- held a discussion on the sudden policy shift of Saudi Arabia towards Pakistan."Sometimes Qureshi speaks emotionally. He gets carried away," Mateem said.“As Pakistan, which is in a financial crisis, is dependent on Saudi Arabia, Qureshi should have been cautious of making any statements”, he said, adding: "As we are very much dependent on Saudi Arabia, we should complain only t...
Mitsubishi Motors hits all-time low as ASEAN sales dive raise recovery doubts
Market, World

Mitsubishi Motors hits all-time low as ASEAN sales dive raise recovery doubts

Shares of Japan's Mitsubishi Motors Corp plunged more than 10per cent to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year. TOKYO: Japan's Mitsubishi Motors faced doubts about a quick recovery after posting dismal quarterly sales in its key Southeast Asia market partly due to the coronavirus outbreak, sending its shares down 12per cent to a record low on Tuesday. A day earlier, Mitsubishi Motors, a junior member of the auto alliance of Nissan Motor and Renault SA , reported that sales in Southeast Asian countries, which normally account for a quarter of its global sales, plunged nearly 70per cent to make up just 17per cent of total sales during April-June. The automaker has bet on gro...
Thailand to improve police training to tackle human trafficking nationwide
World

Thailand to improve police training to tackle human trafficking nationwide

BANGKOK: Thailand's top anti-trafficking cop has vowed to boost training for police nationwide to better respond to a rising number of cases of sexual exploitation and forced labour outside Bangkok. Police lieutenant general Jaruvat Vaisaya, director of the Anti-Human Trafficking Centre under the Royal Thai Police, said Thailand had a shortage of officers based outside the capital with expertise in investigating cases of human trafficking. "We have found an increase in cases in provincial areas where we couldn't send our staff (from Bangkok) in time," Jaruvat told the Thomson Reuters Foundation in an interview ahead of World Day Against Trafficking in Persons on Jul 30. About three-quarters of 283 trafficking cases nationwide last year were investigated outside Bangkok – up from two...
US core capital goods orders rise; recovery uneven as COVID-19 shifts spending
World

US core capital goods orders rise; recovery uneven as COVID-19 shifts spending

WASHINGTON: New orders for key US-made capital goods increased in July, though the pace slowed from June's robust gain, suggesting the rebound in business investment would be gradual amid uncertainty about the course of the COVID-19 pandemic. The report from the Commerce Department on Wednesday showed an uneven recovery in investment as the coronavirus crisis shifts spending away from equipment used in the services industries such as restaurants and bars to purchases of goods like home electronics. "While orders are nearly back to their pre-pandemic levels, the slowing pace of gains suggests it will take a while for activity to fully recover," said Lydia Boussour, a senior US economist at Oxford Economics in New York. "We do not expect business investment to reach its pre-pandemic l...
Japan economy shrinks historic 7.8% in second quarter
Market, World

Japan economy shrinks historic 7.8% in second quarter

TOKYO: Japan's economy shrank 7.8 per cent in the April to June quarter, the worst contraction in the nation's modern history, as the coronavirus deepens the country's economic woes. The contraction from the previous quarter was slightly worse than expectations but is still significantly less severe than declines seen in many other industrial economies. Still, it is the biggest economic contraction for Japan since comparable data became available in 1980, beyond the brutal impact of the 2008 global financial crisis. And some analysts labelled it the worst fall since World War II, though a change in calculation methods in 1980 makes the comparison complicated. The official data compared with the market's expectation of a 7.6 per cent contraction, the median forecast of major economi...
Trump reimposes tariffs on raw Canadian aluminum, Canada promises retaliation
World

Trump reimposes tariffs on raw Canadian aluminum, Canada promises retaliation

President Donald Trump on Thursday moved to reimpose 10per cent tariffs on some Canadian aluminum products to protect U.S. industry from a "surge" in imports, angering Ottawa and some U.S. business groups. CLYDE, Ohio/OTTAWA: President Donald Trump on Thursday moved to reimpose 10per cent tariffs on some Canadian aluminum products to protect U.S. industry from a "surge" in imports, angering Ottawa and some U.S. business groups. Canada pledged retaliation as tensions heightened between the close allies just weeks after a new continental trade deal between the United States, Mexico and Canada came into effect. During a speech at a Whirlpool Corp washing machine factory in Ohio to tout his "America First" trade agenda, Trump said he signed a proclamation reimposing the "Section 232" na...
COVID-19 keeps Rohingya indoors on ‘genocide’ anniversary
World

COVID-19 keeps Rohingya indoors on ‘genocide’ anniversary

DHAKA: Rohingya Muslim refugees in Bangladesh held a "silent protest" on Tuesday (Aug 25) to mark the third anniversary of clashes between Rohingya insurgents and Myanmar security forces that set off a huge movement into Bangladesh of people seeking safety. More than a million Rohingya live in the world's largest refugee settlement in southern Bangladesh, with little prospect of returning to Myanmar, where they are mostly denied citizenship and other rights. The refugees had said that because of the novel coronavirus they would not hold a mass gathering to mark what they call "Remembrance Day". Authorities say 88 cases of the virus have been found in the camps and six people have died. Three years ago, Rohingya insurgents raided 30 police posts and an army base in Myanmar's Rakhin...
Saudi Aramco’s profit plunges, sees signs of oil market recovery
Market, World

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Arabian state oil group Aramco on Sunday reported a 73.4per cent fall in second-quarter net profit, a steeper drop than analysts had expected, hit by lower crude oil prices and declining refining and chemicals margins, as the coronavirus hit demand. DUBAI: Saudi state oil group Aramco's profit plunged 73per cent in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world's biggest oil exporter. All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus limited travel, which reduced oil consumption and sent prices tumbling to levels not seen in nearly two decades. Aramco, which listed in Riyadh last year in a record US$29.4 billion flotation, said the rapid spread of C...
Serbia chooses links with China to develop economy, telecoms despite US warning campaign
China, Market, World

Serbia chooses links with China to develop economy, telecoms despite US warning campaign

BELGRE: As US Secretary of State Mike Pompeo rallied Central European nations this week to stem Chinese influence by snubbing its advanced digital technology, Chinese surveillance cameras were recording faces and cars in the Serbian capital Belgrade. While Serbia aspires to join the European Union, it has made a big swing towards China, the top economic and geo-political competitor of the EU and United States, to help develop its infrastructure, energy and tech sectors and to buy weaponry. China has provided billions of euros in soft loans for infrastructure and energy development in Serbia. It is also pursuing its plan for a "digital silk road" - telecommunications connectivity - in which Serbia would be a key cog in Europe. On a visit to Slovenia on Thursday, Pompeo said that by r...