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The Central Bank of Malaysia on Tuesday cut its key interest rate for a fourth straight meeting to a historic low, as the country's economy grapples with the coronavirus pandemic and faltering demand for its exports. Bank Negara Malaysia (BNM) eased its overnight policy rate by 25 basis points to 1.75%. A slim majority of economists in a Reuters poll had expected a rate reduction of at least 25 bps

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Dubai officially reopened to tourists on Tuesday but the travel is still subject to health regulations. Emirates, Etihad, and flydubai have updated their flight network, with destinations ranging from cities in Europe and North America to Asia and Africa. Emirates flies to 51 destinations, while Etihad will operate flights to 58. Budget carrier flydubai currently operates flights to 24 cities, with plans to increase it to 66 over the summer

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Rising global temperatures by 2100 could slash global GDP by more than 20 percent, according to new research, and the way the economic impact will be distributed threatens to turn climate change into an enormous driver of worldwide inequality. India is singled out by Oxford Economics as following a particularly ruinous trajectory, with GDP falling 90 percent by 2100 if countries don't improve current policies

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Microsoft and Zoom have said they will not process data requests made by the Hong Kong authorities while they take stock of new security law. They follow Facebook, Google, Twitter, and the chat app Telegram, which had already announced similar "pauses" in compliance over the past two days. China passed the law on 30 June, criminalizing acts that support independence. Apple says it is "assessing" the rules

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While giving his remarks on Tuesday, FBI Director Christopher Wray slammed the Chinese government for its use of espionage and cyberattacks against the United States which has amounted to what he called “one of the largest transfers of wealth in human history.” “The stakes could not be higher, and the potential economic harm to American businesses and the economy as a whole almost defies calculation,” Wray said

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Dubai opened its doors to tourists Tuesday after nearly four months of closed borders and grounded flights, the latest in the desert city’s efforts to revive an economy slammed by the coronavirus pandemic and deflated oil prices. Tourism accounts for 11.5% of Dubai’s gross domestic product. Dubai is among the first Middle Eastern destinations to restart tourism

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India recently announced reopening plans, some of India's popular monuments have reopened for the first time in more than three months, but its most famous - the Taj Mahal - and others in the city of Agra remain closed. The number of coronavirus cases in India has continued to rise, and the area around the Taj Mahal is under quarantine. India recently surpassed Russia in the number of coronavirus cases

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President Donald Trump is expected to travel to Doral, Florida, later this week, landing squarely in the center of a coronavirus hotspot and taxing the already limited local health resources. Despite the raging coronavirus pandemic, Trump will turn his attention Friday to the issue of drug trafficking in South America, visiting US Southern Command for a briefing, a White House official confirmed to CNN

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Tom Hanks, who recovered from Covid-19 earlier this year, has said he "has no respect" for people who decline to wear a mask during the pandemic. The actor and his wife Rita Wilson tested positive for coronavirus while filming in Australia in March. "If you can't wear a mask and wash your hands and social distance, I've got no respect for you, man. I don't buy your argument," he said

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Only 22% of people testing positive for coronavirus in the UK reported having symptoms on the day of their test, according to the Office for National Statistics. Health and social care staff appeared to be more likely to test positive. This comes as deaths from all causes in the UK fell below average. Between the end of March and June, there were 59,000 more deaths than the five-year average

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Brazilian President Jair Bolsonaro, who has scoffed at risks of the coronavirus, has undergone another test for Covid-19 shortly after the presidential palace said the right-wing leader had displayed symptoms consistent with the disease. Bolsonaro, 65, told supporters gathered outside the presidential palace in Brasilia on Monday that he had taken a test for the virus, and “everything is fine.” Later reports showed his test turned out positive

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New York is the city with the top real estate value in the US, valued at $2.8 trillion, Lending Tree research shows. In New York City, typical homes are valued at $501,000, Coming in second is Los Angeles at $2.3 trillion, while homes are even pricier at $668,000. Meanwhile in third place is San Francisco, where homes are collectively worth $1.3 trillion and individually an eye-watering $959,000

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A-league, Australia’s top-rated soccer league’s restart is under threat after new coronavirus restrictions. The FFA will seek the government to grant exemptions to the New South Wales border closure after players from three Victorian clubs were left stranded on the tarmac at Tullamarine Airport late on Monday night. Players and staff from Melbourne Victory, Melbourne City and Western United included in the list

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A border clash with China in the Himalayas left 20 Indian soldiers dead, with many in India, calling for a boycott of Chinese products. Government data showed India imported more than $65 billion worth of goods from China between April 2019 and March this year and exported only around $16.6 billion worth of products. That left New Delhi with a more than $48 billion trade deficit with Beijing

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The U.S. is “looking at” banning TikTok and other Chinese social media apps, Secretary of State Mike Pompeo told Fox News on Monday. His comments come amid rising tensions between the U.S. and China and as scrutiny on TikTok and Chinese technology firms continue to grow. When asked in a Fox News interview, Pompeo said: “We are taking this very seriously. We are certainly looking at it.”

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“Too much and never enough”, a controversial book by President Trump's niece Mary, a licensed clinical psychologist, will now be published next week, two weeks earlier than expected, the publisher Simon & Schuster said Monday. "Due to high demand and extraordinary interest in this book, 'Too Much and Never Enough' by Mary L. Trump will now be published on July 14, 2020," Simon & Schuster said Monday

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China has issued a warning to the UK not to interfere with Hong Kong following the imposition by Beijing of a sweeping new national security law. Ambassador Liu Xiaoming said the UK's offer of a path to citizenship for up to three million Hong Kongers amounted to "gross interference". British Foreign Secretary Dominic Raab rejected the accusation. Opponents of the new law say it erodes Hong Kong's freedoms.

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Dr. Zafar Mirza, Pakistan’s health minister and an active figure of the country's fight against the coronavirus has tested positive for COVID-19. He joined a list of politicians who have recently contracted the virus. "I have tested positive for COVID-19. Under med advice I have isolated myself at home, and taking all precautions," Mirza, who has been on the forefront in the country's battle against the pandemic, tweeted on Monday

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Australia will isolate 6.6 million people in the state of Victoria from the rest of the nation at 11.59 p.m. on Tuesday, as authorities take drastic action to control a coronavirus outbreak in the city of Melbourne. The border between Victoria and New South Wales (NSW), Australia's two most-populous states will be closed for the first time since the pandemic began, Victorian State Premier Daniel Andrews announced Monday

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According to a study by the Institute for Fiscal Studies, 13 universities in the UK are at risk of going bankrupt as the coronavirus pandemic hits their finances and challenges the entire sector. Social distancing measures, travel restrictions, and lockdowns have tested the ability of universities to survive without students. In the wake of coronavirus, some universities can't return to their facilities until the summer of 2021

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EU antitrust regulators are increasing their scrutiny of Google’s planned acquisition of fitness tracker firm Fitbit. Google announced it was buying Fitbit last year for $2.1 billion and said it hoped to complete the deal sometime in 2020. But the acquisition may be delayed over fears about the search giant’s increased access to sensitive data from Fitbit’s hardware, including users’ heart rates, their fitness activity, and their sleep patterns

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At the University of Washington in Seattle, 121 students have tested positive for Covid-19, as part of a fraternity house cluster, the university said Sunday. Of those cases, 112 students were residents in the Greek Row section north of the campus. Students who tested positive but are not residents of those houses are close contacts of the residents, according to a news release from the university.

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India added around 24,000 new COVID-19 cased on Sunday, bringing its total up to 697,836, according to Worldometer data. A similar surge was reported one day earlier, as 24,000 new cases were reported on Saturday, according to Worldometer data. The new cases brought the country ahead of Russia's 681,251 total cases and placed it third in the world for total confirmed cases, behind the United States and Brazil.

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Nick Cordero, a Broadway actor has died after a battle with Covid-19, according to his wife, Amanda Kloots. He died at the age of 41. "God has another angel in heaven now," Kloots posted on her official Instagram account Sunday night. "My darling husband passed away this morning. He was surrounded in love by his family, singing and praying as he gently left this earth."

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Warren Buffett’s Berkshire Hathaway is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March. At his annual shareholder meeting in May, Buffett revealed that Berkshire had built up a record $137 billion cash hoard

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