5y

Cuba to increase minimum wage fivefold

Large-scale reform of salaries, pensions promised for years before President Miguel Diaz-Canel’s announcement this week

5y

Wall Street ends mostly down on stimulus stalemate

Outlook for long-awaited virus relief package, without which analysts fear a fresh economic downturn, remains uncertain

5y

Impiana Hotels to develop resort in Tioman

The resort will have an estimated gross development cost of RM40 million

5y

UK to reduce virus quarantine for travellers

Country to cut self-isolation period to 10 days ‘after reviewing evidence’

5y

Norway threatens to shut out EU, UK fishermen if no Brexit deal

Non-EU member Norway has had a fishing deal with the bloc in place since 1980, but the terms must be renegotiated following Britain’s departure

5y

Ericsson shares tumble on Samsung dispute

Company accuses Samsung of ‘violating contractual commitments to negotiate in good faith 

5y

Sahabat Ar-Rahnu records 21% jump in revenue

Business says better performance due to rising gold price, demand for shariah-compliant pawn services

5y

BoE warns of post-Brexit financial services disruption

Central bank says Britain’s major banks were capable of absorbing £200 bil in credit losses

5y

SoftBank sells controlling stake in Boston Dynamics to Hyundai

Deal is expected to close by June 2021

5y

Rubber market closes higher

Sentiment also lifted by encouraging Covid-19 vaccine, China market news 

5y

Zurich in US$3.9 bil deal to buy MetLife unit

Company expects deal to be profitable in its first year and deliver a return on investment of approximately 10% from 2023

5y

Tokyo’s Nikkei index lower at end of trade

Market weighed down by profit-taking, says analyst 

5y

Research houses ‘neutral’ on  Malaysia’s plantations sector

MIDF Research says lower output could be attributed to  rainy season and labour shortages