LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

28 October 2020

COVID-19 UPDATE

Belgium, Czech Republic hardest hit in Europe

Sanofi, GlaxoSmithKline ink supply agreement with administrator of COVAX

Nearly 200 airports across Europe could go bust within months

Japan’s flagship airline ANA retiring planes, seeking voluntary redundancies to cut costs

Garuda Indonesia lays off 700 staff

Cenovus axing 2,150 jobs following acquisition of Husky Energy

Chevron cutting Noble Energy staff

MALAYSIA

Capital markets

Bursa Malaysia records highest nine-month PATAMI since 2005

Bursa Malaysia's statement

Glove maker Supermax plans dual listing on Singapore Exchange

Construction

Sunway Construction clinches RM315 million highway job in India

Corporate

Armed Forces Fund Board granted more time to decide on Boustead

Earnings

Hartalega optimistic of longer-term prospects, will continue with capacity expansion plan

Malaysia Marine and Heavy Engineering back in the black

Employment

HSS Engineers investigates alleged misconduct against CEO/executive director

Healthcare

Al-’Aqar Healthcare REIT proposes private placement

Oil and gas

Petronas hosting inaugural project management conference virtually in December

Retail

Owners of Jaya Grocer, Asean Industrial Growth Fund working on potential stake sale

Parkson maintains positive outlook on China

Technology

UEM Edgenta doubling down on technology to offer better products and services

Tourism

Airbnb GM shares game plan for Asia, discusses importance of domestic tourism

ASIA

Autos

Harley-Davidson, Hero MotoCorp will ride together in India

Energy

Virginia-based AES gets Vietnam’s approval for LNG import terminal, power plant

AUSTRALIA

Banks

ANZ expects A$528 million hit to cash profit in H2

Healthcare

Blackmores seeks growth in mental health and pet supplements

Real estate

Bank to sell abandoned trophy home

EUROPE

Data protection

Former Uber drivers’ lawsuit first of its kind to test protections of GDPR Art 22

Earnings

German chemicals group Covestro’s Q3 profit beats expectations

SINGAPORE

Intellectual property

Singtel caught in legal dispute over use of music in programmes broadcast on pay-TV service

Technology

Singtel-Grab JV strong candidate for full digital banking licence

UK

Autos

Daimler, owner of Mercedes-Benz, raising stake in Aston Martin Lagonda

Banks

HSBC considers charging fees for current accounts

Boss up against more than just central bankers

Consumer goods

Unilever pushing ahead with unifying legal structure into single London-based company

Data protection

Experian censured by watchdog ICO, risks multimillion-pound fine

Employment

Technician who was victim of disability discrimination awarded £117k

Oil and gas

BP returns to profit in Q3

Property

Beech Rise, mansion in private estate that has been home to celebrities, available for £10.7 million

US

Autos

Harley-Davidson’s new e-bicycle, inspired by first motorcycle from 1903, will go on sale next year

Iconic ompany posts best Q3 result since 2015

Pharmaceuticals

Pfizer won’t be releasing coronavirus vaccine data before US election

Retail

France’s LVMH, US jeweller Tiffany in talks to renegotiate US$16 billion takeover

Technology

Airbnb plans to list shares on Nasdaq

Advanced Micro Devices intensifies battle with Intel in data centre chip market

Microsoft benefits from accelerated adoption of cloud computing and Teams during pandemic

TikTok expanding engineering team