Author: Reuters

Queen Elizabeth catches Covid-19

WINDSOR: Queen Elizabeth tested positive for Covid-19 on Sunday, sharpening concerns about the health of the world’s longest-reigning monarch two weeks after she marked 70 years on the British throne. The 95-year-old queen, who has been fully vaccinated against coronavirus, quipped just four days ago to Palace staff that she

Goldman Sachs to pay $3.9 bln to Malaysia to settle 1MDB dispute

BY ROZANNA LATIFF AND JOSEPH SIPALAN KUALA LUMPUR: U.S. investment bank Goldman Sachs has reached a $3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday. The deal includes a $2.5 billion cash payout by Goldman and a guarantee by the bank

Japan economy to fall at record pace

TOKYO: Japan’s economy will shrink at the fastest pace in decades in the year through March 2021, forcing the government to compile another stimulus package to cushion the blow from the coronavirus pandemic, a Reuters poll showed on Friday. Many respondents predicted the Bank of Japan’s (BOJ’s) next policy step

Petronas chief quits

BY A. ANANTHALAKSHMI, JOSEPH SIPALAN &  KRISHNA N. DAS KUALA LUMPUR: The chief of Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states, sources close to the government and the company said. Extra payments would hit Petronas and

Capital flight on hold

Jakarta shifts budget to fight pandemic JAKARTA: Indonesia’s investment on a mega project to relocate its capital city has been put on hold. The country is shifting focus to spend on containing the coronavirus outbreak, but may resume next year, Finance Minister Sri Mulyani Indrawati said Thursday. President Joko Widodo’s 

Britain’s Prince Charles tests positive for coronavirus

PRINCE Charles, the heir to the British throne, has tested positive for coronavirus, his household said. Charles, eldest son of Queen Elizabeth, is 71 years old. “The Prince of Wales has tested positive for Coronavirus,” Clarence House said in a statement. “He has been displaying mild symptoms but otherwise remains

Australia begins Covid-19 lockdown which ‘could last six months’

SYDNEY: Australia started shutting down pubs, clubs, gyms and houses of worship on Monday after a jump in Covid-19 coronavirus cases and after thousands disregarded social distancing advice and crowded beaches, bars and restaurants. After an initial slow rate of infection, the number of Covid-19 cases in Australia has now

How Mahathir lost the plot

By A. ANANTHALAKSHMI, LIZ LEE & KRISHNA DAS In May 2018, Tun Dr Mahathir Mohamad was in the grand ballroom of a Sheraton hotel near Kuala Lumpur, jubilantly announcing his return as prime minister after defeating an alliance that had run the country for 60 years. Less than two years

Mahathir proposes ‘grand coalition’ government

KUALA LUMPUR: Interim Prime Minister Tun Dr Mahathir Mohammed is trying to form a national unity government under his personal authority, drawing together rival parties, political sources said yesterday, following his shock resignation as prime minister. The world’s oldest government leader at 94, Dr Mahathir stepped down on Monday, but

Residents allowed brief visit amid eruption

AGONCILLO (Philippines): Thousands of residents under orders to evacuate from a town near the Philippine volcano Taal were allowed to briefly visit homes yesterday to rescue their animals and recover some possessions, taking advantage of what appeared to be waning activity. Daniel Reyes, mayor of the Agoncillo town inside the