Air travel down 60 percent as airline industry losses top US$370 billion

A new UN air transportation agency report confirms there was a “dramatic” fall in international air travel due to COVID-19, of around 60 percent over the course of last year,…

Dubai Expo organizers prepare for event delayed by pandemic

The organisers of Expo 2020 Dubai said on Saturday they are committed to hosting the event which was postponed for a year due to coronavirus, but are ready for all…

IOC reaffirms commitment to host Tokyo 2020 this year amid speculations

BEIJING – The International Olympic Committee (IOC) reiterated its confidence in the host of the Tokyo 2020 and reaffirmed the joint effort to host the Games in an e-mail interview…

NYSE does a U-turn on Chinese telecoms delistings

The New York Stock Exchange (NYSE) has scrapped its decision to delist three Chinese telecoms companies. President Donald Trump signed an executive order in November barring American investments in Chinese…

Bayern Munich thrash Mainz

BAYERN Munich scored five second-half goals as they came from 2-0 down to beat struggling Mainz and go top of the Bundesliga by two points. Jonathan Burkardt and Alexander Hack…

Mystery surrounds Chinese billionaire Jack Ma’s whereabouts

Chinese billionaire Jack Ma – the man behind Asia’s version of Amazon – has slipped to third in the country’s rich list after criticising authorities and disappearing from his own…

US dollar declines as 2020 nears finish line

The United States dollar fell the lowest since April 2018 against a basket of world currencies as investors bet on more fiscal support Wall Street advanced and the dollar dipped…

China’s Zhejiang legislates for digital economy development

China Daily HANGZHOU — Legislators in East China’s Zhejiang province have reviewed and passed a regulation to promote the digital economy in the province, according to local authorities. The regulation,…

Pierre Cardin dies

Legendary French fashion designer Pierre Cardin has died at the age of 98. Cardin who was credited with helping revolutionise fashion with his futuristic and stylish designs in the 1950s…

Chinese economy to overtake US ‘by 2028’

 CHINA will overtake the US to become the world’s largest economy by 2028, five years earlier than previously forecast, a report says. The UK-based Centre for Economics and Business Research…