This keyboard with food-shaped keys took a year to make and costs over $6,000
This keyboard with food-shaped keys took a year to make and costs over $6,000
Bars, karaoke lounges and night clubs are not expected to reopen even when Singapore enters the third phase of its transition from a partial lockdown, said Education Minister Lawrence Wong.
The "Global Cloud Storage Market by Component (Solutions, Services), Application (Primary Storage, Backup & Disaster Recovery, Archiving), Deployment Type (Public Cloud & Private Cloud), Organization Size, Vertical and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Singapore is looking to ease up more on pandemic curbs, with the size of social gatherings possibly raised to eight, in a further step toward normalized activity as new daily coronavirus cases dwindle near zero.Phase Three, which may start by year-end, would allow the following easing of measures, the Ministry of Health said in a release Tuesday, while also outlining a pilot program for on-site testing of attendants at large-scale gatherings:Group size for gatherings outside the home could rise from five people to eight. Visitors allowed to homes would similarly increase.Capacity limits at public venues could be increased, and events with multiple zones of 50 persons could be allowed.Higher-risk settings like bars, karaoke lounges and nightclubs aren’t expected to reopen as activities pose a higher risk of transmission.The city-state will gradually allow more travel to resume, and is exploring ways to deploy more frequent testing to let more travelers enter Singapore without needing to quarantine.All residents and long-term pass holders traveling overseas can now access government subsidies and insurance coverage for their Covid-related medical bills.From Nov. 1, live performances will be allowed to resume at designated venues, with up to two zones of 50 audience members.“When can all of these measures take place?” Minister of Education Lawrence Wong said during a briefing by the task-force handling the pandemic crisis. “That is the big question and the answer is that it really depends on all of us.”“You can liken the current situation to one where a fire has just been put out, but there are still embers of the fire lying around,” Wong said. “Each time we make further relaxation of any measures, we are simply adding wood to the fire. You don’t know when, but at some point in time, the more wood you add, the whole thing will combust yet again.”Test TrialSingapore will also trial coronavirus tests for participants in larger-scale gatherings using antigen rapid tests, or ARTs, which can return “fairly accurate” results within half an hour. While the cost of ART’s is not yet finalized, it will be cheaper than conventional PCR tests, Kenneth Mak, the health ministry’s director of medical services, said at the briefing.Pre-event testing trials starting mid-October at business gatherings, wedding receptions, live performances and sports events will enable the Ministry of Health to identify a model that can be implemented more widely and allow more large-scale events to resume eventually, it said.While cost of the ART’s has not yet been finalized, it will be considerably cheaper than PCR tests, Mak said.Only participants who test negative will be allowed to participate in the event. The Singapore International Energy Week next week will be among the first business events in the pilot. The pilot is part of the government’s plans to prepare the country for phase three of its reopening, possibly by year-end.Assessing VaccinesSingapore is looking to procure various vaccines and is assessing which is most suitable, officials said at the briefing. It may start to see vaccines come into Singapore by the end of the year, but it is more realistic that phase-three trials conclude sometime next year.Strict social-distancing measures, including a partial lockdown earlier this year, drove new local daily cases to low single digits or zero in recent weeks. Last week, the city-state recorded no new local cases of Covid-19 for the first time since February.That marked a turnaround since the pandemic spread to migrant worker dormitories, contributing to more than a thousand infections a day. With nearly 58,000 confirmed cases, Singapore at one stage had more cases than any other country in Southeast Asia.Since then, containment through mandatory mask-wearing, other social-distancing measures and high rates of testing allowed most of the economy to reopen in June. The government has also stepped up contact-tracing and targeted testing, and launched clinical trials of a Covid-19 vaccine.While new cases continue to trickle in, they’re mostly imported as Singapore gradually restores travel connections with countries where infection rates remain low. In addition to negotiating business-travel lanes with other Asian countries, the city-state announced last week it would open to Hong Kong as part of a reciprocal travel bubble.(Updates throughout story.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Brexit negotiators from the European Union and Britain will speak on Tuesday in an attempt to break the deadlock over a trade deal, after both sides demanded concessions to prevent a disruptive finale to the five-year Brexit drama. A tumultuous "no-deal" exit when Britain leaves a standstill transition period on Dec. 31 would sow chaos through supply chains and undermine Europe's economy just as the coronavirus pushes whole sectors to the edge of insolvency. After an EU demand for concessions, Prime Minister Boris Johnson broke off talks and said it was time to prepare for a no-deal Brexit: the nightmare scenario for business.
Vectary, a design platform for 3D and Augmented Reality (AR), has raised a $7.3 million round led by European fund EQT Ventures. Vectary makes high-quality 3D design more accessible for consumers, garnering over one million creators worldwide, and has more than a thousand digital agencies and creative studios as users. With the coronavirus pandemic shifting more people online, Vectary says it has seen a 300% increase in AR views as more businesses start showcasing their products in 3D and AR.
The "HSS Metal Cutting Tools - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The big shareholder groups in Flagstar Bancorp, Inc. (NYSE:FBC) have power over the company. Large companies usually...
Finland's national carrier said Tuesday it will cut 700 jobs - over 10% of its workforce - by the end of March next year due to the impact of the COVID-19 pandemic on global travel. Finnair, which is heavily focused on flights from Europe to Asia, said Tuesday that some 600 of the redundancies would be in Finland and another 100 outside the Nordic country. Finnair CEO Topi Manner said in a statement that “the corona pandemic has been completely unfair to our industry and unfortunately many Finnair employees now must experience its financial implications personally.”
EC Infosystems, a leader in Electronic Data Interchange (EDI) and Billing/Customer Information Solutions (CIS) for companies in the deregulated energy industry, announced their annual user conference has been moved to November 10-12, 2021 and will remain at The Four Seasons Resort and Spa in Orlando, Florida.
With market speculation rife that railroad Kansas City Southern (NYSE: KSU) is generating intense buyout interest, the stock price was always likely to be volatile around its earnings report. In addition, Kansas City Southern runs refined products into Mexico from the U.S., and in that business, "[y]ear-over-year, third quarter revenues were up an impressive 55%, and a 61% increase in carloads."
Her Wild Thing collection is giving us exotic pet owner vibes
Gulf royal accused of sexual assault must go, says Hay literature festivalCurator of Hay’s inaugural festival in Abu Dhabi has accused Sheikh Nahyan bin Mubarak Al Nahyan of sexual assault, which he denies
Boots accused of harming social distancing by roping off HQ toilets. Employees at Nottingham head office say they were barred from toilets newly reserved for executives
The Bat and the bounty hunter now have something in common
The "General Crop Farming - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global stocks were mixed Tuesday before a key deadline to agree a pre-election US stimulus package as concerns weighed over a fresh surge in coronavirus infections.
‘If these trials are successful, the impact on plastic reduction will be huge,’ supermarket spokesperson says
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
SMART will pay as much as $300 million for Cree's LED business, starting with a $50 million cash payment upon closing and $125 million on the maturity of a seller note in August 2023. The deal has been approved by both Cree's and SMART's board of directors and should close in the first calendar quarter of 2021, assuming the transaction clears the usual regulatory hurdles and other closing conditions. SMART is gaining a strong revenue stream with annual sales of roughly $430 million and a respectable gross margin of more than 20%.
(Bloomberg) -- JPMorgan Chase & Co.’s top executive in Turkey said the momentum from the government’s international debt sale will likely carry over into corporate borrowing after the country largely missed out on this year’s boom for emerging-market Eurobond offerings.“With this deal, international capital markets will open up for issuances from Turkey again,” Mustafa Bagriacik, senior country officer for Turkey and Azerbaijan for the U.S. lender, said in an online interview. “We expect the interest in Turkey’s debt market to come back next year as international investors see more stability in the economy.”Ever since the lira’s crash over two years ago, the focus for Turkish companies has been on deleveraging -- or debt reduction -- as businesses stocked up on cash and looked to repay what was owed. Some Turkish firms are now struggling to repay foreign-currency debt, resulting in tens of billions of dollars in loan restructurings.For market sentiment to shift in Turkey’s favor, authorities would need to contain growing geopolitical risks and deliver on policies that could restrain double-digit inflation that’s ratcheted up pressure on the lira. Unorthodox measures to soften the economic impact of the coronavirus outbreak have been a turnoff for international investors, sending the currency to record lows and prompting the biggest outflows from Turkey’s debt and equity markets in more than a decade.JPMorgan was among the joint bookrunners for the government’s October sale of $2.5 billion in dollar-denominated bonds due in five years. Turkey has set a target of $9 billion for sovereign borrowing abroad this year. It raised $4 billion in February.The government may need to borrow more both at home and abroad to finance its widening budget deficit after relying on spending to help the economy ride out the pandemic. Bagriacik, who’s been in the job for six years after stints at Goldman Sachs Group Inc. and Deutsche Bank AG, says Turkey can count on greater access to international debt markets after starting to take a more investor-friendly approach.The Treasury sold the bonds less than two weeks after the central bank unexpectedly hiked its benchmark interest rate and authorities unwound a slew of trading restrictions on the lira. Just over a year ago, JPMorgan itself was the subject of a probe for predicting a decline in the currency.‘Right Things’“Doing the right things on the monetary and fiscal policies will attract more investors,” Bagriacik said. “As the country implements market-friendly policies in the right direction, I am hopeful that people will first invest in fixed-income assets and then move to equities locally.”Bagriacik isn’t alone in growing more upbeat. Before outflows in the week through Oct. 8, foreigners were investing in Turkish stocks and bonds at the fastest pace in almost three years in the prior period.Biscuit maker Ulker Biskuvi Sanayi AS may be the first Turkish corporate borrower to test the Eurobond market this year. On Monday, it hired banks including JPMorgan for a benchmark-sized offering of dollar bonds.But in a sign of challenges still facing potential borrowers, Turkey’s sovereign wealth fund said on Tuesday that it postponed its debut Eurobond, blaming market conditions. It had mandated banks for a dollar issue shortly after the Treasury’s sale.“In general, investors like Turkey corporate risk so I’d suspect more Eurobond issuances from Turkish corporates” going forward, Bagriacik said.Turkey’s two Eurobond deals this year -- both of them sovereign -- compare with as many as 18 in a normal year, he said. The yield on the government’s latest five-year bond was around 34 basis points higher than on existing securities due March 2025, which were issued in February.“Every new deal will make the market more confident,” Bagriacik said. “Corporate issuances are more of a cost concern rather than a matter of accessibility. We have a strong pipeline for the upcoming period.”(Updates with wealth fund’s bond postponement under ‘Right Things’ subheadline)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.