JACKSON HOLE (Wyoming): Global central bank chiefs know their job is to keep the economy out of the ditch. What became clear at the US Federal Reserve’s central banking conference in Jackson Hole, Wyoming, over the past couple of days is that not only do other people hold the wheel,
Before of the annual remembrance day for the abolition of the slave trade, art conservationists are working to restore a rare painting of a kneeling African slave to go on display in the British port city of Liverpool. Acquired by the International Slavery Museum in 2018, the “Am Not I
KUALA LUMPUR: A UN human rights expert disputed Malaysia’s assertion that it has nearly eliminated poverty, saying that official figures were vastly inaccurate and do not reflect realities on the ground. Malaysia’s official poverty rate dropped from 49 percent in 1970 to just 0.4 percent in 2016. But Philip Alston,
WASHINGTON: The United States will extend a reprieve that permits China’s Huawei Technologies to buy components from US companies to supply existing customers, the Commerce Department said on Monday, but it also moved to add more than 40 of Huawei’s units to its economic blacklist. The extension, dated Thursday and
NEW YORK: US stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. The benchmark S&P 500 has recovered most of its losses following Wednesday’s brief inversion of
HONG KONG: Britain’s Foreign Office said yesterday it was “extremely concerned” by reports that a Hong Kong consulate employee had been detained by mainland Chinese authorities on his way back to the city. The Hong Kong consulate refused to confirm the man’s name or further details of the apparent incident.
SRINAGAR (India): Security forces detained 30 people overnight in Indian Kashmir’s main city of Srinagar, local officials said yesterday, seeking to keep a tight lid on protests over the federal government’s decision to strip the region of its autonomy. Crowds have demonstrated frequently in the city despite a severe clampdown
SRINAGAR: Indian authorities reimposed restrictions on movement in major parts of Kashmir’s biggest city, Srinagar, yesterday after violent overnight clashes between residents and police in which dozens were injured, two senior officials and eyewitnesses said. In the past 24 hours, there has been a series of protests against New Delhi’s
TOKYO/WELLINGTON: Negative interest rate policy — an unconventional gambit once only considered by economies with chronically low inflation such as Europe and Japan — is becoming a more attractive option for some other central banks to counter unwelcome currency rises. In Asia, central banks in economies as diverse as Australia,
TOKYO: Negative rate policy — once considered only for economies with chronically low inflation such as Europe and Japan — is becoming a more attractive option for some other central banks to counter unwelcome rises in their currencies. This is how a negative rate policy works and its potential pitfalls:
New Sarawak Tribune is a Sarawakian news portal that highlights Sarawak-centric news and other stories of relevance to Sarawak.
Today, New Sarawak Tribune focuses on happenings in Sarawak’s cities, towns and small places no matter how remote these are and events of relevance in other states of Malaysia and other countries.
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