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Vietnam faces US$3bil annual crop losses from rising saltwater

Damage from saltwater would likely centre on the Mekong Delta, a source of food and income for millions of Vietnamese. (AFP pic) HANOI: Vietnam faces nearly US$3 billion a year in crop losses as more saltwater seeps into arable land, state media reported today, citing new research. The damage would likely centre on the Mekong Delta region, known as ‘Vietnam’s rice bowl’ because it provides food and livelihoods for tens […]

today17 March 2024

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Palm islands developer Nakheel, Meydan merge under Dubai Holding

Dubai real estate developer Nakheel recently secured new financing for new waterfront projects. (Visit Dubai pic) DUBAI: Dubai real estate developers Nakheel and Meydan will merge and become part of Dubai Holding, UAE’s WAM state news agency reported today. Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler, directed the two to merge under his investment vehicle Dubai Holding. “The goal is to create a more financially efficient entity, owning assets […]

today16 March 2024

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McDonald’s hit by ordering system failure at Asian outlets

McDonald’s temporarily suspended operations due to ordering issues across stores, mobile devices, and kiosks following a system outage. (AFP pic) TOKYO: Hungry McDonald’s customers in parts of Asia had trouble ordering at stores, on cellphones and at electronic kiosks on Friday after a system outage. In Japan, the US fast food giant said on X, formerly Twitter, that it was “currently experiencing a system failure” and “temporarily suspending operation at […]

today15 March 2024

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Bitcoin retreats from record high as ‘bubble’ talk grows louder

Both Bitcoin and a benchmark index of the top 100 tokens, including Ether, BNB, and Solana, have increased by approximately 60% year-to-date. (Unsplash pic) HONG KONG: Bitcoin retreated from its latest record high amid an intensifying debate about whether the latest bull run in cryptocurrencies is evidence of speculative froth in global markets. The largest digital asset dropped about 3% to US$68,631 in early trading after setting an all-time peak […]

today15 March 2024

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China says US TikTok vote follows ‘logic of a bandit’

TikTok’s alleged subservience to Beijing’s ruling Communist Party has fuelled concern in Western capitals. (Unsplash pic) BEIJING: China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its Chinese parent company, blasting Washington’s “bandit” mentality and vowing Beijing would “take all necessary measures” to protect the interests of its companies overseas. The short-video app has soared in popularity worldwide but its […]

today14 March 2024

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Black bankers lose UK race discrimination claim against Barclays

Two of the bankers succeeded with a claim that Barclays had failed to make reasonable adjustments for their disabilities. (File pic) LONDON: Three Black bankers, who sued Barclays for a combined £52.8 million (US$66.7 million) in London over allegations that included race discrimination, harassment, victimisation and whistleblower detriment, have largely lost their case. In a near 460-page judgment, the East London Employment Tribunal dismissed the bulk of claims brought by […]

today14 March 2024