News

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Mon, 16 Mar 2020 02:48:58 GMT

Israeli Arab coalition backs leader of Blue and White party

On Sunday, the Israeli Arab coalition has given their support to Benny Gantz, the leader of Blue and White Party, to form a new government.

Sun, 15 Mar 2020 20:59:32 GMT

VW likely to stop production at Bratislava

The German car manufacturer Volkswagen stated on Sunday that it had begun preparations for temporary shutdown of its plan in Slovakia amid the declared state of emergency.

Sun, 15 Mar 2020 20:30:49 GMT

Goldman reconsiders US growth forecasts

Goldman Sachs downgraded on Sunday its forecast for the growth of the US economy in Q1 from 0.7% to 0% amid the outbreak of coronavirus.

Sun, 15 Mar 2020 19:32:08 GMT

Norway to provide $10B to firms

The Norwergian government stated on Sunday that it would provide not less than $10B for companies affected by the coronavirus pandemia.

Sun, 15 Mar 2020 18:30:45 GMT

UK to isolate eldery people

The British Heath Secretary Matt Hancock stated on Sunday that the government would isolate all people aged 70 and above to protect them against the coronavirus pandemia.

Sun, 15 Mar 2020 17:31:28 GMT

LVMH to produce disinfectant gels

LVMH, the owner of Louis Vuitton, stated on Sunday that it would produce hand disinfectant gel to help France to contain the spread of coronavirus.

Sun, 15 Mar 2020 15:43:42 GMT

Apple moves developers conference to entirely online

Apple Inc shifted its annual conference for developers in California scheduled for June to online-only format, in its efforts to reduce the risks caused by the coronavirus outbreak.

Sun, 15 Mar 2020 14:56:07 GMT

Santander takes controlling stake in fintech Mercury TFS

Spain's Banco Santander is taking a 50.1% majority stake in the local fintech firm Mercury TFS in a deal valued at $33.54M, gaining access to Mercury TFS's software that will enable Santander's customers to manage the trade finance activity via mobile phone or online.

Sun, 15 Mar 2020 13:44:35 GMT

Major US internet firms to extend service for next 60 days

The major US internet providers, such as Comcast Corp, Verizon Communications and AT&T, agreed not to halt their service for users for the following 60 days in case subscribers are unable to make payments of their bills amid disruptions triggered by the coronavirus.

Sun, 15 Mar 2020 12:31:51 GMT

American Airlines to cut international flights by 75%

American Airlines is planning to trim its international flights by 75% through May 6, grounding nearly all of its widebody fleet, due to the worldwide collapse in demand for travels that was hit by the coronavirus pandemic.

Sun, 15 Mar 2020 12:20:09 GMT

Apple, other US retailers shut stores to fight virus

Apple Inc and several others US retailers announced they are shutting down all their stores, excluding those located in Greater China, for the following two weeks seeking to minimise the coronavirus transmission risks.

Sun, 15 Mar 2020 11:18:56 GMT

Austria restricts movements

The Austrian government starting from Sunday imposed major restrictions on public life and movement within the country to limit the spread of coronavirus.

Sun, 15 Mar 2020 10:22:40 GMT

France holds local elections

Thousands of French voters went to polling stations on Sunday to vote in local elections despite the severe situation in the country with coronavirus.

Sun, 15 Mar 2020 09:26:16 GMT

Saudi Aramco to lower capital spending

Saudi Aramco stated on Sunday that it would decrease capital spending this year amid the outbreak of coronavirus.

Sun, 15 Mar 2020 07:55:04 GMT

Swiss banks consider $21B business loan program

Switzerland's main lenders were considering a 20B Swiss franc loan program to support small businesses affected by the COVID-19 outbreak, Handelszeitung reported.

Sun, 15 Mar 2020 07:01:33 GMT

India increases taxes on mobile phones

The Indian Goods and Services Tax Council raised the tax over mobile phones and parts in a move, which could lead to price increases.

Sun, 15 Mar 2020 06:41:19 GMT

Saudi, UAE CB roll out $40B stimulus for virus-hit countries

The Central Banks of Saudi Arabia and the UAE announced their stimulus plans totalling $40B to ease the impact of the outbreak of coronavirus in their respective countries.

Sun, 15 Mar 2020 04:33:31 GMT

Israel to shut hotels, restaurants, malls

Israel is expected to temporary shut hotels, malls and restaurants starting on Sunday, using anti-terrorism tracking technology to lower the risk of coronavirus spread.

Sat, 14 Mar 2020 22:32:44 GMT

Apple to close stores worldwide

Apple announced that it is set to close all retail store locations, except stores in Greater China, for the following two weeks to diminish the risk of coronavirus spread.

Sat, 14 Mar 2020 20:43:36 GMT

France to close public places

The Prime Minister of France Edouard Philippe stated on Saturday that starting from next day the majority of shops, restaurants and other public places will be shut down to limit the spread of coronavirus.

Sat, 14 Mar 2020 20:34:06 GMT

Norway to shut down ports and airports

The Prime Minister of Norway Erna Solberg stated on Saturday that the government has decided to temporary close the country's airports and ports.

Sat, 14 Mar 2020 18:38:09 GMT

China postal industry contracts

China's postal industry contracted 6.5% to $18.4B in the first two months of the current year, a statement published by the State Post Bureau shows.

Sat, 14 Mar 2020 17:01:25 GMT

Bank of Canada cuts key rate

The Bank of Canada cut its key rate to 0.75% from 1.25% to help the Canadian economy amid the COVID-19 pandemic and decline in oil prices.

Sat, 14 Mar 2020 16:00:12 GMT

Botswana inflation stable

The inflation rate in Botswana remained unchanged at 2.2% in February from January, a statement published by the Statistics Botswana shows.

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