Wednesday, January 20, 2021

Business

Netflix tops 200 million subscribers as pandemic-time growth continues

The streaming television leader added some 8.5 million paid subscribers in the quarter to reach 203 million, topping 200 million despite recent price hikes.

Grab mulling US IPO listing in largest Southeast Asian company share offering

Grab reported this month that group revenue had recovered to be comfortably above pre-pandemic levels.

Airline shares take off on markets hearing vaccine news

With an effective vaccine on the horizon, everyone is hoping borders may soon come down and planes go up.

Indonesia tumbles into first recession for 2 decades

Several million people have been laid off or furloughed as Indonesia, home to nearly 270 million, battles to contain the crisis.

Big Tech delivers strong profits amid pandemic, political scrutiny

Profits are up for Facebook, Amazon and Google-parent Alphabet, while Apple saw a modest dip in earnings on weakness in iPhone sales.

UEM Sunrise-Eco World merger proposed

The merger would see Eco World becoming UEM’s subsidiary.

Huawei fighting to survive ‘nonstop US aggression’

Chinese giant may have enough chips to last into 2021.

Markets fall on runaway Covid-19, bank malfeasance news

Millions of ordinary people will be affected by downturn through their pensions.

NZ hits first recession in decades

Finance Minister Grant Robertson says the current figures are expected given the government's tough restrictions to contain the coronavirus.

US ramps up Huawei attacks with new restrictions on tech exports

A new rule expands US authority to require licences for sales to Huawei of semiconductors made abroad with US technology.

Australia in recession for first time in 30 years

Social assistance benefits in cash also rose to a record 41.6% due to an increase in number of recipients and additional support payments.

Other News

UK registers record 1,610 daily Covid-19 deaths

The UK faces its worst wave of the virus as a new strain believed to be highly infectuous plagues the country.

More troubled tennis stars ‘test positive for Covid-19’ in Australian quarantine quarrels

Many pandemic-weary Melbourne residents have their own concerns about the potential Covid risk posed by the tournament.

Netflix tops 200 million subscribers as pandemic-time growth continues

The streaming television leader added some 8.5 million paid subscribers in the quarter to reach 203 million, topping 200 million despite recent price hikes.

Govt files WTO complaint over EU palm oil restrictions

Malaysia charges that the EU had imposed restrictive measures on the use of palm oil that violate international trade agreements.

US passes 400,000 deaths from Covid-19

The bleak threshold was reached only about a month after the US recorded its 300,000th death from the disease in mid-December.