News

Note: This section contains information in English only.
Sun, 03 May 2020 02:45:32 GMT

France to import compulsory 14-day quarantine for travellers

On Saturday, the French Minister for Solidarity and Health Olivier Veran said that France plans to impose a compulsory 14-day quarantine for travellers to the country.

Sat, 02 May 2020 21:04:34 GMT

Britain to support strategic aviation industry

The UK Housing Secretary Robert Jenrick said on Saturday that the United Kingdom would support the strategic aviation sector in any form it can.

Sat, 02 May 2020 20:31:32 GMT

Tesla plans to become UK electricity provider

According to The Telegraph, Tesla submitted an application to become an electricity supplier in the United Kingdom.

Sat, 02 May 2020 19:36:52 GMT

Millicom revokes deal with Telefonica

Millicom International Cellular decided on Saturday to suspend $570 deal to acquire Telefonica's business in Costa Rica.

Sat, 02 May 2020 18:23:59 GMT

IMF to give $643M to Ecuador

The International Monetary Fund (IMF) on Saturday approved $643M credit for Ecuador to help the country handle the crisis caused by coronavirus and falling oil prices.

Sat, 02 May 2020 16:59:56 GMT

Rosengren draws decentralization plan

According to the NZZ, Bjorn Rosengren, ABB's new Chief Executive Officer, outlines a new strategy to decentralize the company and boost its performance.

Sat, 02 May 2020 15:52:56 GMT

Malaysia's GDP could decline more than initially forecasts

The Malaysian Finance Minister Tengku Zafrul Tengku Abdul Aziz said in an interview on Saturday that the country's economy could decline more than the Central Bank had forecast in April.

Sat, 02 May 2020 15:01:13 GMT

Malaysian authorities defend relaxing of COVID-19 curbs

The Malaysian government defended plans to reopen most businesses next week, as the number of new cases with the coronavirus rose by 105 on Saturday.

Sat, 02 May 2020 14:05:37 GMT

India mandates Bluetooth tracing app for all employees

The Indian government has mandated all employees in both the private and public sector to use a Bluetooth and GPS-based tracking app and keep social distancing in the work places.

Sat, 02 May 2020 13:06:46 GMT

SBA approves $15B in new PPP loans

The Small Business Administration gave its approval to JPMorgan Chase & Co to process $15B in new Paycheck Protection Program loans.

Sat, 02 May 2020 12:07:39 GMT

WH blocks Fauci's coronavirus testimony

The White House has blocked Dr Anthony Fauci to testify before the US Congress on the Trump administration's handling of the COVID-19 pandemic next week.

Sat, 02 May 2020 11:19:08 GMT

NBCUniversal considers major reductions

According to the Wall Street Journal, NBCUniversal is considering major employees layoffs as a part of cost optimization policy.

Sat, 02 May 2020 10:36:44 GMT

IMF to give loan to Malawi

The International Monetary Fund (IMF) approved on Saturday a $91M credit for Malawi negate the deficit of balance of payments.

Sat, 02 May 2020 09:15:31 GMT

ABB CEO to present decentralisation plan

According to the Neue Zuercher Zeitung, Bjorn Rosengren, ABB's new CEO, is intended to decentralise the company to achieve more efficiency.

Sat, 02 May 2020 08:03:59 GMT

Tesla extends furlough

According to Tesla's internal email, the company is extending furlough for part of employees for another week.

Sat, 02 May 2020 06:53:18 GMT

Kazakh airlines restart regular domestic flights

On Friday, Kazakhstan's Air Astana made its first regular flight from Almaty to capital Nur-Sultan in over a month, after authorities relaxed lockdown rules.

Sat, 02 May 2020 05:47:16 GMT

Tencent acquires 5% stake in Afterpay

The Chinese tech giant Tencent Holdings has acquired a 5% share in Australia's buy-now-pay-later Afterpay Ltd. The Australian company announced on Friday.

Sat, 02 May 2020 04:43:56 GMT

US factory activity hits 11-year low

On Friday, the US Institute for Supply Management announced that the national manufacturing activity declined to a reading of 41.5, the lowest level since April 2009.

Sat, 02 May 2020 03:42:17 GMT

US seeks to protect electricity system from cyber attack

According to the US Energy Department, President Donald Trump has signed an executive order to protect the US power system from cyber attacks.

Sat, 02 May 2020 03:40:29 GMT

Germany to acquire 25.1% stake in Lufthansa

According to the Der Spiegel weekly paper, published on Friday, the German government is planning to buy a 25.1% stake in Lufthansa for 10 billion euros.

Fri, 01 May 2020 20:44:04 GMT

Trump's administration to focus on pro-growth measures

Larry Kudlow, the White House National Economic Council Director, stated on Friday that the US government would focus on future growth incentives.

Fri, 01 May 2020 20:06:10 GMT

Canada forbids assault weapons

The Prime Minister of Canada Justin Trudeau stated on Saturday that the government banned acquisition of military-grade assault guns.

Fri, 01 May 2020 19:13:12 GMT

O2 and Virgin Media likely to merge

According to sources with the knowledge of the matter, Spain's Telefonica SA discusses with Liberty Global Plc possible merger of O2 with Virgin Media.

Fri, 01 May 2020 17:42:12 GMT

Siemens Gamesa takes over Ria Blades

Siemens Gamesa has acquired Ria Blades, a company that operates the production plant that makes on-shore wind turbine blades in Vagos, Portugal.

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