• Traffic Affairs department registers 27,923 various violations

    Due to a security traffic campaign organized by the Traffic Affairs and Operations Sector, 27,923 various violations were recorded, and 31 minors were referred to the Juvenile Police Department of the General Directorate of Criminal Investigation, in preparation for their referral to the Juvenile Prosecution Office, Al Jarida reported.

     

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  • Home delivery of civil id cards is optional, around 200,000 civil id cards to be destroyed

    The Public Authority for Civil Information (PACI) announced that between 10,000 to 13,000 civil id cards are dispersed daily to their owners from devices, which is less than what has to be done, as the civil id cards ready in the devices are double than the number of customers, who have to receive it urgently.

     

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  • Japan’s ANA predicts record $4.87bn net loss

    TOKYO: Japan’s biggest airline ANA Holdings yesterday forecast a record $4.87 billion net loss for this financial year and announced a major restructuring as the pandemic hammers the global aviation industry. 

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  • HSBC continues to take hit from virus, trade row

    HONG KONG: HSBC said yesterday its third-quarter post-tax profits fell 46 percent on-year as the Asia-focused banking giant continued to take a hammering from the coronavirus pandemic and spiralling China-US tensions. 

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  • Ant Group launches $34bn dual IPO

    SHANGHAI: The most essential item in aircraft engineer Tao Rui’s possession during a recent outing in Shanghai was the Alipay smartphone app from Ant Group, a company little known outside China until it unfurled plans for the biggest IPO in history. As Tao and a friend strolled the city at the weekend, he used Alipay to buy a cup of milk tea, a deep-fried octopus snack and a box of candy. 

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  • Kuwait reports 7 COVID-19 deaths, 775 new cases

    KUWAIT: Kuwait registered 775 new coronavirus cases during the past 24 hours, raising the total number of cases to 123,092, the Ministry of Health announced yesterday. 

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  • S Korean tycoons pay tribute to late Samsung chief

    SEOUL: South Korea’s billionaire business leaders lined up yesterday to pay respects to the late Samsung Electronics chairman Lee Kun-hee, for decades the country’s richest and most powerful industrialist. 

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  • Pandemic plunges Lagarde into ‘intense’ first year at ECB

    FRANKFURT: It’s been a baptism by fire for Christine Lagarde whose first year as head of the European Central Bank has been dominated by the coronavirus pandemic and the drastic action needed to keep the eurozone economy afloat. 

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  • African money transfer firms thrive

    JOHANNESBURG/HARARE: Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with modest earnings from a small perfume business he set up in South Africa. Then the pandemic struck. Borders closed. 

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