Miscellany

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    Court tells Uber, Lyft to classify drivers as employees

    Agence France-Presse . San Francisco | Updated at 11:32pm on August 12, 2020

    A California court has given Uber and Lyft until the middle of next week to reclassify drivers as employees in compliance with a new state...

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    Apple must pay $500m over patent violations, US court rules

    Agence France-Presse . San Francisco | Updated at 11:31pm on August 12, 2020

    Apple must pay more than $500 million in damages and interest for 4G patent infringements held by intellectual property company PanOptis, a Texas court has...

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    UK in record recession after economy shrinks 20pc in Q2

    Agence France-Presse . London | Updated at 11:27pm on August 12, 2020

    Britain’s economy contracted by a record 20.4 per cent in the second quarter with the country in lockdown over the coronavirus pandemic, official data showed...

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    BIDA adds 3 more services to its One Stop Service

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:26pm on August 12, 2020

    The Bangladesh Investment Development Authority has added three more services to its One Stop Service Centre to provide all the necessary services for investors from...

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    UK sheds more 1,14,000 jobs in July

    | Updated at 11:37pm on August 11, 2020

    The number of workers on UK company payrolls slumped by a further 1,14,000 in July from June on fallout from the coronavirus pandemic, official data...

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    Singapore’s Q2 recession deeper than estimated

    Agence France-Presse . Singapore | Updated at 11:31pm on August 11, 2020

    Singapore’s virus-hammered economy shrank almost 43 per cent in the second quarter, in a sign that the country’s first recession in more than a decade...

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    Indian airline IndiGo to fight virus woes with $534m share issue

    Agence France-Presse . Mumbai | Updated at 11:28pm on August 11, 2020

    India’s largest airline IndiGo hopes to raise $534 million by issuing shares to try and boost liquidity after the coronavirus pandemic sparked record losses and...

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    German investor confidence hits highest level since 2004

    Agence France-Presse . Frankfurt am Main | Updated at 11:27pm on August 11, 2020

    Confidence among investors in Germany soared to its highest level in almost 17 years in August, as Europe’s largest economy accelerates its rebound from the...

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    GDP growth 5.2pc in FY20: BBS

    Staff Correspondent | Updated at 10:59pm on August 11, 2020

    The country’s economy grew by 5.24 per cent in the last fiscal year 2019-2020 despite an unprecedented blow to economy in the last quarter of...

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    Singapore co director charged over Wirecard scandal

    | Updated at 11:47pm on August 10, 2020

    A company director has been charged in Singapore with falsifying letters linked to scandal-hit German payments giant Wirecard, according to court documents, as the fallout...

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