Softbank-back Grab cuts jobs as coronavirus hits ride-hailer

Linda J. Dodson

SINGAPORE — Southeast Asia’s most valuable startup Grab will slash 5% of its global staff amid a collapse in demand for its core ride-hailing business triggered by the coronavirus pandemic and as recovery prospects remain uncertain. The first round of layoffs in eight year history, the Singapore-based startup said Tuesday that it will […]

China plays hardball on trade as Australia tensions escalate

Linda J. Dodson

SYDNEY — One-hundred thousand Australian dollars ($70,000). That’s how much Robert Miolini, a farmer in the Wheatbelt region in the state of Western Australia, lost in future earnings when China announced plans to impose a crippling 80 percent five-year tariff on Australian barley last month, citing anti-dumping allegations. The owner […]

Tokyo has 0.1% positive rate for coronavirus antibodies

Linda J. Dodson

TOKYO (Kyodo) — Antibody tests for the novel coronavirus suggest a 0.1 percent infection rate in Tokyo, health minister Katsunobu Kato said Tuesday, as the government seeks to better grasp the scale of the pandemic’s spread in Japan. The health ministry began earlier this month testing for coronavirus antibodies in […]