China to fine ride-hailing giant Didi more than $1 bn: reports

China to fine ride-hailing giant Didi more than $1 bn: reports

China is preparing to hit ride-hailing giant Didi with a fine of more than $1 billion to wrap up a long-running probe, media reports said, boosting investor hopes that the country's tech crackdown is winding down.
Bank of America fined $225 mn for 'botching' US Covid-19 aid payments

Bank of America fined $225 mn for 'botching' US Covid-19 aid payments

Two US agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other public benefit programs at the height of the Covid-19 pandemic.
Oil dispute sharpens Baghdad-Kurd tensions amid deadlock

Oil dispute sharpens Baghdad-Kurd tensions amid deadlock

Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
G20 finance talks to end without joint communique: officials

G20 finance talks to end without joint communique: officials

A two-day meeting of G20 finance ministers in Indonesia is expected to end Saturday without a joint communique, two officials said, after Russia's war in Ukraine overshadowed proceedings.
Biden to talk oil at Arab summit concluding Middle East tour

Biden to talk oil at Arab summit concluding Middle East tour

US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour.
Indonesia entering fourth wave of COVID-19

Indonesia entering fourth wave of COVID-19

Indonesia is entering the fourth wave of COVID-19 transmission, according to chief of the Indonesian Medical Association (IDI) task force, Prof. Zubairi Djoerban.
Thailand calls for businesses’ cooperation to stabilise product prices

Thailand calls for businesses’ cooperation to stabilise product prices

The Thai Commerce Ministry has called for continued cooperation from manufacturers to maintain product prices as long as possible in order to curb the negative impact on consumers.
World set to reach eight billion people in mid-November

World set to reach eight billion people in mid-November

On July 11, the UN Department of Economic and Social Affairs released a report, citing that the global population is projected to reach eight billion soon.
New wave of COVID-19 in Singapore may peak this week

New wave of COVID-19 in Singapore may peak this week

The current COVID-19 wave in Singapore may reach its peak at the end of this week or even sooner, in the next one or two days, The Strait Times said, citing medical experts.
Five more Omicron BA.5 variant cases detected in Malaysia

Five more Omicron BA.5 variant cases detected in Malaysia

Malaysian Health Minister Khairy Jamaluddin on July 8 said five cases of the COVID-19 Omicron BA.5 variant have been detected in the country and are likely to spread widely.
Indonesia, Russia to build 16 billion USD refinery in East Java

Indonesia, Russia to build 16 billion USD refinery in East Java

Indonesia and Russia are set to work together on several projects, including a refinery project worth 16 billion USD, according to The Straits Times.
Japanese Embassy in Vietnam to open condolence books for late PM Abe Shinzo

Japanese Embassy in Vietnam to open condolence books for late PM Abe Shinzo

The Embassy of Japan in Vietnam has announced it will open a condolence book for late Prime Minister Abe Shinzo from 9am to 5:15pm on July 11 and 12.
Vietnamese leaders offer condolences to Japanese government, people

Vietnamese leaders offer condolences to Japanese government, people

Prime Minister Pham Minh Chinh, on behalf of Party and State leaders and people of Vietnam, cabled a message of condolences to President of the Liberal Democratic Party and PM of Japan Kishida Fumio over the death of former PM Abe Shinzo on July 8.
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