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
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