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‘Lockdown Lite’ is the new strategy for fighting COVID-19

Fresh off a summer of relative freedom after harsh lockdowns at the beginning of the pandemic, Europe is trying a new strategy to halt the coronavirus’s next surge: Lockdown Lite.

Crypto is beating gold as 2020’s top asset so far

A cryptocurrency mania known as decentralized finance has helped to turn digital currencies into this year’s best-performing asset by far.

Duterte gets tough on China, leaning back to old ally America

After years of shifting the Philippines closer to China, President Rodrigo R. Duterte appears to be leaning back toward the US. The 75-year-old leader on...

PAL pays 80% of $329 million refund requests

Philippine Airlines Inc. (PAL) said it has already paid back 80% of the 15.9 billion pesos ($329 million) in refund requests it received amid...

COVID grows less deadly as doctors gain practice, drugs improve

COVID-19 continues to kill close to 1,000 Americans a day. But for those who develop dangerous cases of the infection, advances in medical care and the growing experience of doctors are improving the chances of survival.

Shopping is moving online, esports are going the other way

It still surprises many people that professional video-game tournaments fill 50,000-seat arenas and that millions of fans watch from their bedrooms, aspiring to compete themselves one day. What hasn’t passed some entrepreneurs by, however, is that this is quietly fueling a big market opportunity.

Super-rich step up big stock sales after global prices surge

Some of the world’s wealthiest people have sold more than $3 billion of stakes in their major holdings since August, diversifying their fortunes as stock markets rebounded.

Filipino billionaire Lucio Tan’s bank plans $1 billion prime asset sale

Philippine National Bank (PNB) is seeking to dispose of three prime properties that it values at about $1 billion as early as this year,...

Billionaires line up to take their unloved companies private

Move over, private equity: There are some new buyers in town, and they know their targets better than anyone.

Growing distrust of China brings $38-billion windfall for Taiwan

Taiwan sits squarely in the middle of the worsening dispute between Beijing and Washington, with many of its companies operating factories in China manufacturing...

Plant thieves scour forests to satisfy foliage-starved Filipinos

The pandemic has set off a wave of theft in the Philippines. The target? Plants.

La Nina may disrupt global food supply, send prices higher

The La Nina weather system could roil global food production, sending prices higher, as potential droughts and floods bring upheaval to a suite of...

How to attend a wedding (or not) during a pandemic

Although the COVID-19 coronavirus caused many to postpone their ceremonies earlier in the year, clarity on how the virus spreads and less rigid social distancing mandates are leading to a return of weddings this fall—albeit with mask-wearing and smaller numbers.

Airlines seek gate checks for virus to revive foreign travel

A coalition of international airline and aviation groups is calling on US government leaders to help set COVID-19 testing protocols to assuage passenger concerns and boost severely depressed international travel.

Apple design teams develop special face masks for employees

Apple Inc. has developed masks that the company is beginning to distribute to corporate and retail employees to limit the spread of COVID-19.

Peso set to stumble with drop in foreign bond sales

Philippine borrowers are looking to raise fewer bonds overseas in the coming months, taking away a pillar of strength for the peso. The peso led...

Singapore’s poorest stay in lockdown while others move freely

With restaurants and malls bustling, pre-pandemic life is slowly returning for people in Singapore—except for the more than 300,000 migrant workers who make up much of the city’s low-wage workforce.

Singapore airport chairman faces backlash over maid theft case

The chairman of Singapore’s award-winning Changi Airport, Liew Mun Leong, is facing growing criticism on social media after a court overturned a conviction against...

ByteDance chief reconsiders TikTok options after new China rules

As Donald Trump threatened to ban the US operations of the hit app TikTok, Chinese parent ByteDance Ltd.’s choices seemed to be limited to...

Global trade seen recovering faster now than after Lehman crisis

Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute...

Google, Facebook dump plans for US-Hong Kong undersea cable

Google and Facebook Inc. dropped plans for an undersea cable between the US and Hong Kong after the Trump administration said Beijing might use the link to collect information on Americans.

Singapore expat jobs under threat in recession, local hire push

Singapore has long been the city of choice for Western expats wanting an easy entree into Asia. Clean, efficient, with low tax rates, it’s often seen as rivaling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law.

Game makers battle to boost accessibility for players with disabilities

As a kid growing up in Cedar Rapids, Iowa, Randy Fitzgerald couldn’t make friends by playing sports. He was born with arthrogryposis, a muscle and joint disorder that made activities like soccer or baseball out of the question. Over time, he discovered another powerful way to bond with his peers—video games. 

A robot tried to fix value investing and ended up buying...

Artificial intelligence has been touted as a solution for everything from ending lines at the checkout to rooting out systematic bias in Wall Street hiring. It was almost inevitable that someone would suggest using it to fix value investing.

Three-decade economic boom comes to a sudden halt in Vietnam

For the past three decades, Vietnam has known only good—or great—economic news. The nation’s consistent growth as an exporter, propelled by Communist leaders who...

Philippines risks losing in vaccine race as it battles worst outbreak...

The Philippines is trying to secure access to a vaccine in development against COVID-19 as it battles the worst outbreak in Southeast Asia. While other...

Beach holidays for some in China, belt tightening for others

The recovery in China’s consumption is moving in two different directions, with the wealthier shopping for luxury goods and taking holidays to the beach, while poorer households continue to cut back.

Seven-day virus killer is cleared for American Airlines planes

The Trump administration on Monday gave American Airlines Group Inc. emergency approval to deploy a new weapon against COVID-19: a surface coating that kills coronaviruses for as many as seven days.

Starbucks cafe’s COVID outbreak spared employees who wore masks

After a woman with the coronavirus visited a Starbucks cafe north of Seoul this month, more than two dozen patrons tested positive days later....

FDA head walks back claim of dramatic benefit from COVID therapy

The head of the US Food and Drug Administration (FDA) walked back his claim that an experimental therapy had provided a dramatic benefit to...

Peso free to extend Asia’s biggest gain as Diokno stands aside

The Philippine peso advanced closer toward the psychologically significant level of 48 per dollar after Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the market was free to determine its level.

Philippines in talks with 16 vaccine makers to secure supplies

The Philippines is negotiating with 16 manufacturers of potential COVID-19 vaccines to procure supplies needed to battle Southeast Asia’s largest outbreak. The country will join...

Global travel on ice until mid-2021, Qantas chief says

International travel won’t resume until mid-2021 as coronavirus flareups keep borders closed, Qantas Airways Ltd. Chief Executive Officer Alan Joyce said. Routes to the US...

Ex-Wirecard CEO met senior Bundesbank official in 2019

Former Wirecard AG Chief Executive Officer Markus Braun met with a senior Bundesbank official last year in the midst of allegations of accounting irregularities at the German payments company.

Apple threatens to terminate Epic’s developer account

Apple Inc. threatened to remove Epic Games Inc.’s developer account, cut off its developer tools and limit its ability to supply key graphics technology to other apps in the latest skirmish in a battle over app store fees.

Mystery grows over virus spread via contaminated food packaging

Evidence shows that food is an unlikely route of transmitting the coronavirus across borders, but contaminated items continue to grab the spotlight, deepening the uncertainty over whether the $220-billion cold chain industry could be implicated in the spread of COVID-19.

Investors overlook Southeast Asia indexes because they lack tech stocks

As markets around the world piggyback on technology shares to ride a startling rebound from their pandemic lows, stock investors in Southeast Asia are...

DTI pushes for looser virus curbs in capital

THE Department of Trade and Industry (DTI) wants looser movement restrictions in the capital region to enable more people to go to work, Trade Secretary Ramon M. Lopez said.

Malaysia detects coronavirus strain that’s 10 times more infectious

Malaysia has detected a strain of the new coronavirus that’s been found to be 10 times more infectious. The mutation called D614G was found in...

China says frozen chicken wings from Brazil test positive for virus

Consumers in the Chinese city of Shenzhen have been urged to exercise caution when buying imported frozen food after a surface sample of chicken wings from Brazil tested positive for coronavirus, according to a statement from the local government.

Manila malls may become e-commerce storage amid retail slump

Property developers in the Philippines are considering novel alternative uses for shopping malls as people stay home and prefer to buy things online. SM Prime...

Airbnb is close to filing to go public after travel rebound

Airbnb Inc. plans to file paperwork for a stock market listing in the next few weeks paving the way for its shares to start trading as soon as the fourth quarter, according to people familiar with the matter.

Philippines unlikely to keep lockdown despite surging infections

The Philippines will unlikely keep its capital and nearby areas under strict lockdown despite coronavirus infections rising by another daily record to over 136,000. The...

Duterte accepts Russia’s COVID-19 vaccine offer

President Rodrigo R. Duterte has accepted Russia’s offer of its coronavirus vaccine, volunteering to take the first shot as a gesture of trust and...

Philippines has resources to endure virus, Finance chief says

The Philippines has resources for a “protracted” fight against the pandemic and its effects on the economy, which contracted by a record in the second quarter, according to Finance Secretary Carlos G. Dominguez III.