News

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Mon, 13 Apr 2020 07:50:59 GMT

Crude oil prices surge after output cuts

Crude oil prices edged higher on Monday after OPEC+ agreed to cut global supply by 9.7 million barrels per day in May and June.

Mon, 13 Apr 2020 07:01:33 GMT

Smithfield Foods to close US port plant

On Sunday, Smithfield Foods announced that it would shut down a pork processing factory in the United States until further notice due to the coronavirus crisis.

Mon, 13 Apr 2020 06:06:38 GMT

Saudi Arabia to prolong nationwide lockdown

On Sunday, the Saudi Arabian government extended the nationwide lockdown indefinitely due to the COVID-19 pandemic.

Mon, 13 Apr 2020 05:00:54 GMT

China tightens controls on Russia border

The Chinese government announced on Sunday that it has tightened its border controls with Russia, as China reported record-high new cases of imported COVID-19.

Mon, 13 Apr 2020 04:10:08 GMT

Etihad Airways to operate limited flights to Tokyo and Europe

On Sunday, Etihad Airways announced that it would operate a limited number of flights to Tokyo, London, Brussels, Dublin and Zurich in April.

Mon, 13 Apr 2020 02:57:49 GMT

Netherland's telecoms towers damaged by 5G opponents

According to the Telegraaf report published on Saturday, Netherland's telecommunications network towers have been damaged by anti-5G protestors during the past week.

Sun, 12 Apr 2020 20:53:56 GMT

Macy's hires financial adviser

According to sources with knowledge of the matter, Macy's Inc has hired a financial adviser bank Lazard Ltd to explore ways to bolster finances.

Sun, 12 Apr 2020 20:24:44 GMT

World leaders support OPEC+ deal

According to the Kremlin, the American, Russian and Saudi leaders fully supported the agreement on oil production cut reached by the OPEC+ countries.

Sun, 12 Apr 2020 19:28:12 GMT

OPEC+ negotiates oil production cut

On Sunday, the OPEC countries plus other major producers ageed on the largest ever supply cut amid the coronavirus outbreak.

Sun, 12 Apr 2020 17:44:00 GMT

Canalys: PC demand up in Q1, though shipments fall

According to Canalys research, PC demand surged in the first quarter, but shipments declined 8% due to supply issues related to the coronavirus outbreak.

Sun, 12 Apr 2020 16:42:09 GMT

Saudi Aramco to announce May prices

Saudi Arabia is set to release its May official selling prices for crude oil on Monday, having delayed the announcement until after negotiations held last week regarding production cuts.

Sun, 12 Apr 2020 15:50:33 GMT

AirAsia's founders not taking salary

AirAsia Group's founders are set not to take salaries, while its staff agreed to cut its pay by 75% amid the impact of the virus outbreak on the airline, the CEO stated.

Sun, 12 Apr 2020 14:47:46 GMT

UAE cuts service fees to help economy

The Ministry of Economy of the United Arab Emirates stated that it cut fees for its services to diminish the cost of business and support the economy due to the coronavirus outbreak.

Sun, 12 Apr 2020 14:04:45 GMT

NHS works with Apple, Google on app to track COVID-19

The National Health Service's tech arm was working on an application with Apple and Alphabet's Google, which will allow to track coronavirus spread.

Sun, 12 Apr 2020 13:24:56 GMT

AIB approves 25K loan breaks

Allied Irish Banks added 25K payment breaks to the bank's loan books, helping businesses and homeowners cope with the coronavirus impact.

Sun, 12 Apr 2020 12:06:00 GMT

China to reopen schools

According to Chinese media, Beijing authorities decided to reopen school doors for senior middle and high school students.

Sun, 12 Apr 2020 11:34:32 GMT

Harbin announces monthly quarantine

Authorities of the Chinese city of Harbin announced on Sunday a beginning of 28-day quarantine amid the increase of people infected with coronavirus.

Sun, 12 Apr 2020 10:29:35 GMT

Ireland to finish rent freeze

The Prime Minister of Ireland Leo Varadkar stated on Sunday that the government would not extend temporary cancellation of rent pay initially caused by the coronavirus outbreak.

Sun, 12 Apr 2020 09:27:54 GMT

Egypt postpones Banque du Caire IPO

Tarek Fayed, the Chairman of Banque du Caire, announced on Sunday temporary cancellation of the bank's initial public offering (IPO) amid the outbreak of coronavirus.

Sun, 12 Apr 2020 08:20:45 GMT

Turkey refuses to make deal with IMF

Ibrahim Kalin, the Turkish President's Spokesman, stated on Sunday that the President had no plans to conclude any kind of deals with the International Monetary Fund (IMF).

Sun, 12 Apr 2020 06:45:05 GMT

EU imposes anti-dumping duties over stainless steel from Asia

The European Commission put anti-dumping duties over some products made from stainless steel from Indonesia, China and Taiwan, eight months after starting investigation over low-price imports.

Sun, 12 Apr 2020 06:04:29 GMT

Kering CEO agrees to cut salary

François-Henri Pinault, the CEO and chairman of Kering, agreed to diminish fixed portion of the salary by 25% until the end of this year, given the context of COVID-19 crisis.

Sun, 12 Apr 2020 04:45:20 GMT

Volkswagen furloughs 1.5K workers in US

Volkswagen AG announced that it temporary furloughed 1.5K workers at the US assembly factory in Tennessee starting from April 11 amid the ongoing coronavirus pandemic.

Sun, 12 Apr 2020 03:47:06 GMT

Bulgaria to apply to join EZ by April end

Bulgaria is set to apply for membership in the Euro zone by the end of this month, in an action that should help the country recover from the COVID-19 pandemic.

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