Macau casinos likely to post $1 billion loss in second quarter

Macau casino operators are expected to post a loss of over USD1 billion (8 billion patacas) collectively in their earnings before interest, tax, depreciation and amortization (EBITDA) for the second

Crime | Deputy police chief caught drunk driving after crashing motorcycle

The Public Security Police Force (PSP) has revealed that a member of the force has been caught driving under the influence of alcohol after crashing his motorcycle during the early

Briefs | CE calls on universities to turn technology into productivity

  Chief Executive (CE) Ho Iat Seng has urged higher education institutions to use technological advancements to increase productivity. Ho was speaking at a joint meeting of the University Assembly and

Crime | Local businessman tricks HK friend in mask scam

A local trader who agreed to help his friend in Hong Kong source 2.5 million facemasks during the early stages of the Covid-19 pandemic, has taken HKD230,000 without delivering the

BNU chief says diversification needs joint venture strategy

Matching local financing with regional talent and expertise abroad could kickstart Macau’s economic diversification efforts, according to Carlos Cid Álvares, CEO of note-issuing bank Banco Nacional Ultramarino (BNU). Specifically referring to

MGTO focuses promotion on city’s ‘bread and butter’

The Macao Government Tourism Office (MGTO) is prioritizing promotions targeting mainland China, particularly Guangdong Province, which it has dubbed the city’s “bread and butter.” In a talk yesterday hosted by the

Pandemic | Silent spread of virus keeps scientists grasping for clues

One of the great mysteries of the coronavirus is how quickly it rocketed around the world. It first flared in central China and, within three months, was on every continent but

US orders China to close its consulate in Houston

The United States said yesterday that it has ordered China to close its consulate in Houston “to protect American intellectual property” and the private information of Americans. China strongly condemned the

Taiwan says China sending planes near island almost daily

China is sending military planes near Taiwan with increasing frequency in what appears to be a stepping up of its threat to use force to take control of the island,

This Day in History | 1974 Greek military rule gives in to democracy

The military government in Greece has collapsed and the former prime minister Constantine Karamanlis has been invited to return. Huge crowds gathered to greet him at Athens airport and there has

US accuses Chinese hackers in targeting of COVID-19 research

Hackers working with the Chinese government targeted firms developing vaccines for the coronavirus and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies across

Aviation | Cathay delays Airbus deliveries to stem crippling cash drain

Cathay Pacific Airways Ltd. will delay deliveries of Airbus SE aircraft by as much as two years, in a move that could cut the carrier’s monthly cash losses in half

Nestle adds Chinese water brands to list of possible disposals

Nestle SA is considering selling a bottled water business in China as the world’s largest food company sheds underperforming brands. Nestle said yesterday it’s considering a number of options including a

Juan Ángel Napout: Ex-South American soccer head stays in prison with virus

A federal judge denied a request for compassionate release by the former head of South American soccer after he contracted the coronavirus while serving a nine-year prison sentence. U.S. District Judge

The Buzz | World shares turn lower as virus caseloads rise

World shares were mostly lower yesterday on renewed worries over surging coronavirus caseloads in many countries. U.S. futures also edged lower, though President Donald Trump’s statement that the pandemic will likely

Trump | Twitter says it’s cracking down on QAnon conspiracy theory

Twitter says it is cracking down on accounts and content related to QAnon, the far-right U.S. conspiracy theory popular among supporters of President Donald Trump. The measures include banning accounts associated

World Views | As the EU evolves, it’s jerks against creeps

  Europe will be “forged in crises,” said Jean Monnet, a founding father of what became the European Union. For decades it’s been a favorite quote of Europhiles, and this week’s pandemic

Thursday, July 23, 2020 – edition no. 3582

— Macau casinos to post $1 billion loss in second quarter; break even likely in third quarter * MGTO | Platform crashes under helicopter tour demand * A child who broke and

Asia Today: Australian state leader says sick not isolating

MELBOURNE — Australia's hard-hit Victoria state reported a record 484 new COVID-19 cases on Wednesday and health authorities warned that numbers could continue to rise. With Australia's second-largest city, Melbourne, now

Opinion | Conferences work better when everyone stays home

I was helping to organize would have to take place virtually. I believed that our event was doomed to become the academic analog of a cooking show — a pale

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