US job numbers could get swamped by a second wave

Washington: Another 1.48 million Americans filed new claims for unemployment benefits last week, the US Labor Department said Thursday, a worse-than-expected figure that showed the continuing potency of the coronavirus pandemic. The new claims were a decrease of only 60,000 from the week prior and brought the total since the business shutdowns began in mid-March […]

Opec secretary general says the worst is over for oil markets

Abu Dhabi: After suffering historic price drops in the first half of 2020, oil markets are now well onto the path of recovery for the second half of the year according to Opec secretary general Mohammad Barkindo, crediting the group for its actions in helping rescue crashing oil prices. “As we see countries begin to […]

Huawei comes off second best in Singapore 5G contracts

Singapore City: Singapore’s biggest telecom operators chose Ericsson AB and Nokia Oyj as their main 5G network providers, leaving China’s Huawei Technologies Co. with less significant contracts. Singapore Telecommunications Ltd. chose Ericsson, while a group that includes StarHub Ltd. opted for Nokia after Singapore gave final approval for the rollout of nationwide 5G coverage in the […]