HONG KONG: Asian markets mostly rose yesterday after the Federal Reserve cut interest rates, but investors were left unsure about its next possible move. While the Fed met expectations with a 25-basis-point reduction, the lack of strong forward guidance disappointed many, who were also concerned about a growing split in the
BERLIN: Chinese tech giant Huawei launched its latest high-end smartphone in Munich yesterday, the first that could be void of popular Google apps because of US sanctions. Observers are asking whether a phone without the Silicon Valley software that users have come to depend on can succeed, or whether Huawei will
BERLIN: German prosecutors have opened an investigation into suspected internal spying by employees of European aviation giant Airbus over two arms projects, sources said Wednesday. The suspicions arose “a few weeks ago”, and the company has alerted the authorities in the southern German city of Munich, an Airbus source said.
KUALA LUMPUR: Thousands of schools were shuttered across Malaysia and Indonesia yesterday, affecting at least 1.7 million pupils, officials said, as toxic haze from rampant forest fires sent air quality plummeting. Nearly 2,500 schools were ordered to shut their doors in Malaysia — including nearly 300 in the smog-hit capital
SAN FRANCISCO: Apple’s entry into online games with a low-cost subscription plan is expected to bring a fresh set of consumers into gaming and potentially reshape the multibillion-dollar market. Apple Arcade rides a trend of video games played by subscribers instead of purchased as downloads or disks, and its $4.99 monthly
WELLINGTON: New Zealand’s economic growth slowed to a five-year low in the 12 months to June, official data released yesterday showed, fuelling expectations further interest rate cuts are imminent. Statistics New Zealand said the economy expanded 0.5 percent in the April-June quarter, slightly below market forecasts, as mining and manufacturing
BRASÍLIA: Brazil’s central bank slashed interest rates to a record low for the second time in less than two months Wednesday, as Latin America’s biggest economy struggles to grow. The bank cut its main rate to 5.5 percent from the previous historic low of six percent, citing risks of a “more
Greenhouse gases thrust into the atmosphere mainly by burning fossil fuels are warming Earth’s surface more quickly than previously understood, according to new climate models set to replace those used in current UN projections, scientists said Tuesday. By 2100, average temperatures could rise 7.0 degrees Celsius above pre-industrial levels if
More than half of the 147 tigers confiscated from a controversial Thai temple have died, park officials said Monday, blaming genetic problems linked to in-breeding at the once money-spinning tourist attraction. For years, the Wat Pha Luang Ta Bua temple in the western province of Kanchanaburi pulled tourist hordes who
PARIS: Manchester United and last year’s finalists Arsenal headline an English trio that also features Europa League newcomers Wolves while record five-time champions Sevilla figure to be among the primary contenders as the group stage begins today. Scottish rivals Celtic and Rangers face testing paths to the knockout rounds as
