HONG KONG: Gold hit a record high Monday as investors rushed into the safe-haven on concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus Bill in Washington. After months of healthy rallies across equity markets — fuelled by
Here are the latest developments in the coronavirus crisis: More than 633,000 dead The pandemic has killed more than 633,000 people worldwide since it surfaced in China late last year, with more than 15.5 million people infected, according to an AFP tally at 1100 GMT on Friday based on official
COPENHAGEN, Denmark: The World Health Organisation Friday expressed concern over a coronavirus resurgence in Europe as Britain and Austria tightened restrictions and China stepped up testing. Europe accounts for a fifth of the world’s more than 15 million cases and remains the hardest hit in terms of deaths, with 207,118
PARIS: The Grands Prix in the United States, Mexico, Brazil and Canada have been scrapped this year but three races in Europe have been added to the coronavirus-affected season, Formula One said Friday. There will be an F1 debut for Portugal’s Portimao track and a return for Germany’s Nurburgring and
OSLO: Norway on Friday reimposed quarantine on arrivals from Spain over a spike in virus cases, but also said such restrictions would not apply to the team behind the latest “Mission: Impossible” blockbuster. Star Tom Cruise and the rest of the crew will be allowed to enter the country in
ISTANBUL: Turkish President Recep Tayyip Erdogan joined thousands Friday in the first Muslim prayers in Hagia Sophia since the Istanbul landmark was controversially converted back into a mosque. Massive crowds gathered inside and outside the Unesco World Heritage site, some draped in Turkish flags and others waving Islamic banners. Erdogan
NEW YORK: Global equities took a beating Friday as China-US tensions intensified, while stalled stimulus talks in Washington fuelled fears for the economy as the dollar fell further. Lingering worries about the impact on businesses of fresh coronavirus outbreaks helped trigger major profit-taking, overshadowing a batch of bright data in
RIYADH: A Jordanian couple in Saudi Arabia burst into tears of joy to be among the chosen ones for next week’s scaled-down haj pilgrimage, but countless rejected applications have stirred resentment. For the first time in modern history, millions of pilgrims outside Saudi Arabia have been barred from the haj
WELLINGTON: New Zealand Prime Minister Jacinda Ardern sacked a senior cabinet minister Wednesday over an affair with an ex-staff, amid heightened scrutiny on lawmakers’ behaviour ahead of a general election in September. Ardern dismissed Immigration Minister Iain Lees-Galloway after discovering he had an affair with a former colleague who was
NEW DELHI: When India banned TikTok, it closed a window to the wider world for legions of women outside the big cities that provided fun, fame and even fortune. The government outlawed the video-sharing platform, and 58 other Chinese apps, this month citing data security fears. TikTok is also reportedly
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