News

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Sat, 28 Mar 2020 14:16:46 GMT

China's container shipping index rises

The China Containerized Freight Index increased 0.4% to 897.69 from a previous week, data published by the Shanghai Shipping Exchange show.

Sat, 28 Mar 2020 13:20:28 GMT

Moody's downgrades S. Africa

The international credit rating agency Moody's downgraded South Africa's credit rating from BAA3 to junk status BA-1 with a negative outlook.

Sat, 28 Mar 2020 11:33:12 GMT

Germany to keep shutdown until April 20

The German Chancellor Angela Merkel stated on Saturday that the shutdown would continue at least until April 20 and could be prolonged depending on the situation.

Sat, 28 Mar 2020 10:35:45 GMT

Abe promises huge help for economy

The Prime Minister of Japan Shinzo Abe promised on Saturday that the government would take an unprecedented measures to help the economy to sustain the consequences of the pandemia.

Sat, 28 Mar 2020 09:37:38 GMT

Rouhani defends national health system

The President of Iran Hassan Rouhani stated on Saturday that the country's health system was strong and viable and could handle the increase of the pandemic spread.

Sat, 28 Mar 2020 07:45:26 GMT

Taiwan CB to use monetary tools to deal with COVID-19

Taiwan's Central Bank is set to use appropriate monetary tools and hold its board meetings as necessary to deal with the impact of the coronavirus.

Sat, 28 Mar 2020 07:25:05 GMT

Brazil to support small businesses

The government of Brazil announced $8B financial aid for small and medium enterprises amid the coronavirus outbreak.

Sat, 28 Mar 2020 06:35:09 GMT

ECB to banks: skip dividends, share buybacks until October

The European Central Bank told banks to skip payments of dividends and share buybacks until October and use profits to support virus-hit economy.

Sat, 28 Mar 2020 04:52:54 GMT

Microsoft to sell AnyVision stake

Microsoft is expected to sell stake in Israel's facial recognition startup AnyVision and said that it would no longer make investments in face recognition firms.

Sat, 28 Mar 2020 04:36:26 GMT

Toyota to produce face masks in US

Toyota Motor's North American unit stated that it is set to produce face masks, ventilators and respirators to aid in a battle against the COVID-19 in the US.

Fri, 27 Mar 2020 22:29:23 GMT

Alphabet to donate $800M

Alphabet is expected donate more than $800M in funds towards production of medical supplies used to fight the coronavirus, the CEO stated.

Fri, 27 Mar 2020 21:16:56 GMT

H&M starts producing protective masks

Sweden's H&M announced that it started protective face mask production for hospital staff and is set to ship the first batches to Italy and Spain.

Fri, 27 Mar 2020 19:48:49 GMT

Canada to compensate 75% of payroll wages

Canada is set to compensate 75% of payroll salaries and provide small firms access to one-year interest free loans, the Canadian PM Justin Trudeau stated.

Fri, 27 Mar 2020 18:44:06 GMT

Nestle to pay full salaries where virus halts work

Nestle stated that it is set to pay salaries in full for three months to employees affected by work stoppages to prevent the COVID-19 spread.

Fri, 27 Mar 2020 16:43:11 GMT

Trump criticizes General Motors

On Friday, the US President Donald Trump criticized General Motors for reducing the number of ventilators it could provide for hospitals.

Fri, 27 Mar 2020 15:45:28 GMT

European stocks plummet

At the end of Friday's European trading hours, European stock indices declined and ended a recent stimulus induced price surge.

Fri, 27 Mar 2020 15:02:09 GMT

Lufthansa applies for reduced-time work for about 31K crew

Lufthansa has filed an application for trimmed-time work for about 31K of its staff, grounding its crew at the core brand until August-end, as German flagship carrier slashed flights amid the coronavirus pandemic.

Fri, 27 Mar 2020 14:35:40 GMT

Tesla to cut on-site staff in Nevada by 75%

The US electric automaker Tesla Inc announced its plans to trim its on-site staff at the battery plant located in Nevada by about 75% amid the coronavirus outbreak.

Fri, 27 Mar 2020 13:05:07 GMT

EU shares drop amid virus spread

On Friday, the EU stocks plunged, halting their largest-ever rally, as investors shifted focus to the coronavirus spread despite hopes for additional stimulus measures to overcome its economic impact.

Fri, 27 Mar 2020 11:59:35 GMT

Dollar continues decline

On Friday, the US Dollar was about to book its largest weekly decline in a decade, as trillions of dollars were expected to be pumped into the market by the government.

Fri, 27 Mar 2020 10:48:31 GMT

Tencent launches cloud game platform development

China's Tencent Holdings has triggered a co-innovation lab together with Huawei for cloud game platform development, the world's largest game firm said on Friday.

Fri, 27 Mar 2020 09:09:59 GMT

Mylan, Pfizer postpone merger deal

Drugmaker Mylan's merger deal with Upjohn, Pfizer's off-patent branded drug division, is set to close only in this year's second half, both companies reported, blaming the coronavirus outbreak for the delay.

Fri, 27 Mar 2020 07:47:36 GMT

Trump to get new recommendations on coronavirus

The US President Donald Trump is set to receive new recommendations from his advisers this weekend to battle the coronavirus outbreak to bolster the US economy, Mike Pence, the Vice President, said.

Fri, 27 Mar 2020 06:46:24 GMT

US House aims to pass $2.2 trillion coronavirus bill

Nancy Pelosi, the US House Speaker, stated the chamber is expected to pass the $2.2 trillion relief bill on Friday to battle the coronavirus, following the Senate's approval of the economic rescue legislation earlier this week.

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