Markets
Lufthansa rescue package worth €9 billion approved by German government
Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier faces an arduous years-long recovery from the pandemic. [Full Article...]
Unemployment rate could remain in double digits through election: WH adviser
The direct payments that were sent to tens of millions of Americans starting in April, which was included in March's CARES Act, were "enormously successful", he said in a Sunday interview . Hassett said, "Yeah, it's going to be quite a bit higher". "And so, of course, you could still not be back to full employment by September or October", he continued, adding that he would be more optimistic if... [Full Article...]
Hong Kong police fire tear gas as protests resume
It says: "When needed, relevant national security organs of the Central People's Government will set up agencies in Hong Kong to fulfil relevant duties to safeguard national security in accordance with the law". On this day, Beijing announced it will impose a new national security law on Hong Kong, which will effectively end the "One Country, Two Systems" era. [Full Article...]
German court rules against Volkswagen in 'dieselgate' scandal
In a groundbreaking ruling, the German Federal Court of Justice in Karlsruhe has asked German carmaker Volkswagen to compensate the owner of one of its vehicles affected by the diesel scandal. Both sides had appealed against the Koblenz judgment. "It is the ruling I was expecting, which not only helps me, but also helps many thousands of plaintiffs who are still waiting in line to end their laws... [Full Article...]
JobKeeper numbers cut by 3 million after Federal Government reveals accounting bungle
Based on the original estimates, Treasury believed the program would subsidise the wages of 6.5 million workers, it said that has been revised down to 3.5 million workers. The program, which was created to keep people connected to workplaces smashed by coronavirus restrictions, will be reviewed next month. Australia's treasurer has flagged further support for the nation's tourism industry amid t... [Full Article...]
China blames U.S. hawks for risking 'new Cold War'
Wang said China will continue to strengthen cooperation with ASEAN members, resume the COC consultations suspended due to the COVID-19 epidemic as soon as possible, and explore new ways of maritime cooperation to safeguard peace, stability, development and prosperity in the South China Sea. [Full Article...]
Wetherspoon Unveils Masterplan For Reopening Its Pubs
Pubs and restaurants have been begging the the Government to relax social distancing rules to one metre instead of two, to prevent the industry from failing and the JD Wetherspoon plan does not mention the distance customers will be kept apart. [Full Article...]
Aussie Research Team Demos World's Fastest Optical Chip
A single micro-comb, with its ability to carry multiple signals at once, is able to replace up to 80 infrared laser sources that are being used in existing telecommunications systems. "We've developed something that is scalable to meet future needs", Dr Corcoran said. As you make do with a standard 4G, home broadband connection, a team of researchers from Australia's Swinburne and other univer... [Full Article...]