News

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Sat, 23 May 2020 19:31:25 GMT

Argentina, creditors to resume debt talks

The Exchange Bondholder Group stated on Saturday that it was invited to sign NDA and continue debt talks with the Argentinian government.

Sat, 23 May 2020 18:27:33 GMT

Spain to allow tourism in July

The Prime Minister of Spain Pedro Sanchez stated on Saturday that the government was planning to reopen borders for tourists in July.

Sat, 23 May 2020 16:48:21 GMT

US adds 33 Chinese firms to blacklist

On Friday, the US Commerce Department added 33 Chinese companies and institutions to its economic blacklist for assisting China to spy on the Uighur population.

Sat, 23 May 2020 16:02:06 GMT

SpaceJet aircraft maker closes overseas operations

Mitsubishi Aircraft, the Japanese SpaceJet aircraft producer, announced that it is shutting down the overseas operations.

Sat, 23 May 2020 15:03:12 GMT

UK asks firms to cover 20%-30% of furloughed wages

According to the Times newspaper report, the UK Treasury has drawn up proposals that would require companies to pay between 20% to 30% of furloughed employees' salaries.

Sat, 23 May 2020 13:45:05 GMT

Iran reopens businesses, religious and cultural sites

On Saturday, the Iranian President Hassan Rouhani said on state television that Iran would reopen businesses, Museums, religious and historical sites on May 24.

Sat, 23 May 2020 12:52:52 GMT

Patten says China has betrayed Hong Kong

Chris Patten, the former governor of Hong Kong, said on Saturday that Beijing has betrayed the citizens of Hong Kong.

Sat, 23 May 2020 12:04:54 GMT

Credit Suisse expects mid-term headcount reduction

On Saturday, Thomas Gottstein, the CEO of Swiss Bank Credit Suisse, said that the company would surely be able to get by with fewer staffs in the medium term.

Sat, 23 May 2020 11:18:36 GMT

Europe opposes Macron-Merkel plan

Several European countries, Austria, Denmark, Sweden and the Netherlands, expressed on Saturday their disagreement with French-German €500B coronavirus recovery plan.

Sat, 23 May 2020 10:16:59 GMT

UK opposition urge to fire Cummings

The UK opposition called on Saturday the country's Prime Minister to fire adviser Dominic Cummings after he had driven 400 km while having coronavirus symptoms.

Sat, 23 May 2020 09:06:54 GMT

Hertz seeks US bankruptcy protection

On Friday, Hertz Global Holdings filed for bankruptcy protection in the United States because of the coronavirus pandemic.

Sat, 23 May 2020 08:28:50 GMT

Kazakhstan, Turkey plan to resume flights

Kazakh and Turkish Ministers, Beibut Atamkulov and Adil Karaismailoglu, had a phone conversation on Saturday during which they discussed the possibility to renew flights between the two countries in June.

Sat, 23 May 2020 06:58:46 GMT

US condemns China's new security law in Hong Kong

On Friday, Mike Pompeo, the US Secretary of State, condemned China's ruling Communist Party plan to impose a new national security law for Hong Kong.

Sat, 23 May 2020 05:59:48 GMT

China to impose new security law for Hong Kong

The Chinese government has signalled that it would impose new national security laws for Hong Kong, as pro-democracy activists in Hong Kong urged mass protests over the weekend against the law.

Sat, 23 May 2020 05:22:03 GMT

Kuehne+Nagel to cut 20K jobs

Freight-forwarder Kuehne+Nagel is likely to cut more than 20K jobs, mostly in the US, as the coronavirus-caused crisis hits shipping.

Sat, 23 May 2020 03:52:38 GMT

Amazon to hire 50K workers in India

Amazon.com's India unit is set hire 50K temporary workers to meet an increase in online shopping in the country during the lockdown.

Sat, 23 May 2020 03:32:59 GMT

Germany's tax revenues dops 25.3%

Tax revenues of the government and the 16 federal states of Germany decreased 25.3% year-on-year in April to around €39B amid the coronavirus pandemic.

Fri, 22 May 2020 21:00:32 GMT

Ryanair's Lauda to close base in Vienna

Ryanair's Austrian airline Lauda is set to shut down the main Vienna base on May 29, affecting 300 jobs in Austria.

Fri, 22 May 2020 19:44:46 GMT

UK borrowing surged to £62bn in April

According to the Britain Office for National Statistics report, published on Friday, The UK government borrowing rose to £62bn in April.

Fri, 22 May 2020 18:56:09 GMT

Canada retail sales fall record 10% in March

The Canadian retail sales tumbled 10%, hitting the record-low level, in March as the majority of non-essential businesses were shuttered due to the coronavirus pandemic spread, according to Statistics Canada.

Fri, 22 May 2020 18:03:30 GMT

NetEase, JD.com pick dates for $5B HK listings

China's technology company NetEase has chosen June 11 for the secondary listing on the Stock Exchange in Hong Kong, with the web retailer JD.com's listing to be launched a week after that.

Fri, 22 May 2020 16:47:05 GMT

Oil falls 4% amid China-US tensions

On Friday, oil prices dropped nearly 4% on rising tensions between China and the United States, as well as worries about the slow recovery of fuel demand after it was hit by the coronavirus crisis.

Fri, 22 May 2020 15:42:30 GMT

Renault, Nissan experience tough times amid crisis

Carmakers and partners France's Renault and Japan's Nissan are going through tough times, with the French minister warning of Renault that could disappear if no help is received soon, while Nissan is likely to cut 20K jobs.

Fri, 22 May 2020 15:23:36 GMT

Alibaba results top estimates on sales rise

On Friday, China's Alibaba Group reported its Q4 profit and revenue beat market estimates, as sales surged during the coronavirus lockdowns around the globe.

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