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SINGAPORE: Netflix, The Walt Disney Co, Formula One Group and ONE Championship. These industry heavyweights are among 11 members of a new media advisory council that  Singapore expects will give it valuable input and help it assess key trends in the industry. The Media International Advisory Council, chaired by Communications and Information Minister S Iswaran, was launched on Monday (Dec 2). It will convene annually in Singapore as part of the Singapore Media Festival. The inaugural council comprises 11 members appointed by the Infocomm Media Development Authority. They will discuss how media firms in the region can tap on new industry trends, as well as discuss how policy markers and industry players can work together in giving the sector a boost. READ: TV and Internet the highest consumed media platforms in Singapore: Nielsen survey Speaking to the media after the first meeting, Mr Iswaran shared examples of using policies to grow a strong pipeline of tech talent in … [Read more...] about New media advisory council can give Singapore ‘valuable inputs’: Iswaran

The Hanoitimes - The two sides consider inter-parliamentary cooperation an important component of the strategic partnership between the two countries. The first Vietnam-Russia inter-parliament meeting has opened up new areas of cooperation that are poised to foster the comprehensive strategic partnership. Vietnam’s National Assembly Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin. Photo: VNA Vietnam’s National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin co-chaired the meeting in Moscow last week. “It would be right for us to work more intensively in the economic sphere, developing both foreign economic relations and goods circulation. It is clearly insufficient for the level of our relations. […] For our part, we must do everything to develop cooperation more effectively than today,” the State Duma quoted Viacheslav Volodin. “When we talk about … [Read more...] about First Vietnam-Russia Inter-parliamentary Commission discusses new areas of cooperation

WASHINGTON: The number of Americans filing claims for unemployment benefits surged to a record of more than three million last week as strict measures to contain the coronavirus pandemic brought the country to a sudden halt, unleashing a wave of layoffs that likely ended the longest employment boom in US history. The weekly jobless claims report from the Labour Department on Thursday (Mar 26) offered the clearest evidence yet of the coronavirus' devastating impact on the economy, which has forced the Federal Reserve to take extraordinary steps and the US Congress to assemble a record US$2 trillion stimulus package. READ: US$2 trillion COVID-19 rescue package passes US Senate, heads to House Economists say the economy is already in recession. Weekly claims are the most timely labour market indicator. With nearly half the country's population under some form of a lockdown, economists are bracing for further increases in jobless claims. "With partial lockdowns across the … [Read more...] about US weekly jobless claims surge to record 3.28 million

SINGAPORE: A number of gyms and yoga studios have announced outlet closures following the Government's announcement of stricter safe distancing measures to curb the spread of COVID-19. As of Thursday (Mar 26), at least four fitness chains have announced the closure of their outlets across the country, including Fitness First, Virgin Active, Yoga Movement, as well as Pure Yoga and Pure Fitness. The multi-ministry task force tackling COVID-19 announced on Tuesday that all gatherings outside of work and school should be limited to a maximum of 10 people. National Development Minister Lawrence Wong, who co-chairs the task force, said gyms and yoga studios would not need to close unless they were found to breach the safe distancing measures. In a Facebook post on Thursday, Fitness First said it would close all its outlets beginning from the close of business hours on Thursday, with plans to resume operations on May 1. Membership will be frozen from Mar 27 to Apr 30, it added. … [Read more...] about Several gyms, yoga studios announce closures due to stricter COVID-19 safe distancing measures

BRUSSELS: European Union leaders wrangled over how far to go on rolling out emergency aid for their economies hit by the coronavirus on Thursday, with Germany and the Netherlands opposing calls by Italy to issue joint debt. The EU is struggling to present a united front on economic stimulus, the sharing of medical equipment and safeguarding of essential supplies now that borders have been tightened or closed to try to curb the spread of the pandemic. Charles Michel, who as president of the European Council chairs EU summits, has called for a new "Marshall Plan" - named after the US aid package that kick-started Western Europe's recovery after World War Two - to help revive the economy from a deep slump caused by the coronavirus. Nine countries including France, Italy and Spain have called for mutualised debt. "We need to work on a common debt instrument issued by a European institution to raise funds on the market," the nine leaders said before a 1500 GMT video call involving … [Read more...] about EU struggles to unite over economic response to coronavirus