LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

10 July 2020

COVID-19 UPDATE

Gulf airline Emirates lays off more pilots and cabin crew

Another bleak day for UK high street as Boots and John Lewis announce 5,300 job cuts

DWF cutting 15 to 18 roles, closing flexible resourcing arm

3,000 Rolls-Royce workers have applied for voluntary redundancy

Temasek-backed Zilingo’s leadership team takes 30% pay cut

Autos

Proton Saga 35th Anniversary Edition available only in black with yellow highlights

Aviation

AirAsia’s founder confident LCC can be profitable next year

Khazanah Nasional not discounting possibility of Malaysia Airlines-AirAsia merger

AirAsia plays down speculation it might merge with crisis-wracked Malaysia Airlines

Airline bankruptcies particularly likely in Africa and Latin America

Banks

Malaysia still pursuing compensation of US$2 billion to US$7.5 billion from Goldman Sachs

Education

International Islamic University Malaysia recognised for efforts in developing sustainability

Employment

Government committed to ensuring local jobseekers absorbed in areas that best fit qualifications

Healthcare

KPJ optimistic on long-term outlook, defers plan to construct more hospitals

UEM Edgenta’s UEMS Solutions to provide hospital support services to Singapore

Management

UEM Sunrise chairman has retired

Oil and gas

Petronas will focus on elements within its control to preserve sustainability

Sapura Energy’s JV yields positive results

Yinson selling minority stake in Brazil FPSO unit for US$50 million

Property

Maldives company in talks with WZR to continue contract

Matrix Concepts continues to make strides in Australia

Retail

At least 200,000 small businesses unable to operate during MCO now face uncertain future

Technology

Cradle Fund to focus on innovative tech start-ups

Trade

UK Trade Commissioner’s views on Brexit, potential avenues of bilateral cooperation

ASIA

Banks

HSBC may have to choose sides

Retail

Uniqlo’s key markets of Japan and China recovering faster than expected

Technology

Alibaba vaults past Facebook to become world’s sixth-most valuable company

Wealth

SoftBank founder’s fortune tops US$20 billion for first time since January 2013

AUSTRALIA

Employment

Varsity lecturer who did not meet publication targets was unjustly sacked

Insolvency

Battle to take control of stricken Virgin Australia far from over

EUROPE

Antitrust

Google could allay competition worries by offering binding pledge not to use Fitbit’s data for ads

Intellectual property

Online platforms only need provide postal address of users who illegally upload copyright material

Technology

Huawei may be barred from Italy’s 5G network plans

SINGAPORE

Earnings

Ground handler and caterer SATS in the red

Gaming

Australian casino’s bid to recover A$43 million from Singaporean fails on public policy grounds

UK

Accountancy

Deloitte faces record £15 million fine for ‘serious failings’ in audit of Autonomy

Airlines

Virgin Atlantic in talks with Cardnet, First Data on rescue deal

Autos

Aston Martin’s first SUV, key to hopes of turnaround, rolls off production line

Employment

‘Overly dominant’ and ‘incredibly ambitious’ lawyer wins discrimination case

Privacy

UK, Australia jointly investigating Clearview AI over image-scraping tool

US

Autos

Spartan Energy Acquisition leads bidding war for electric-vehicle maker Fisker

Earnings

Grim forecasts as reporting season gets underway

Real estate

Manhattan landlords offering ever-larger incentives to fill vacant apartments

Los Angeles Lakers star buys third Los Angeles mansion

Technology

Marqeta seeks advisers for potential IPO