News

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Sat, 07 Mar 2020 21:37:07 GMT

Biden calls for unity

The US Democratic presidential candidate Joe Biden visited Midwest on Saturday and called members of his party for unity.

Sat, 07 Mar 2020 20:37:36 GMT

Venezuela detains PDVSA employees

The Interior Minister of Venezuela Nestor Reverol stated on Saturday that authorities have arrested 38 PDVSA employees accusing them of fuel trafficking.

Sat, 07 Mar 2020 19:01:22 GMT

Wages in Czech Republic rise

Wages in the Czech Republic increased by 7.1% in 2019 from the prior year, data published by the Czech Statistical Office show.

Sat, 07 Mar 2020 17:04:21 GMT

Canada jobless rate rises

The unemployment rate in Canada increased by 0.1% to 5.6% in February from the prior month, data published by the Statistics Canada show.

Sat, 07 Mar 2020 16:00:42 GMT

China forex reserves $3.1067T

China's foreign exchange reserves declined to $3.1067T by $1.2B from the beginning of 2020, the State Administration of Foreign Exchange reports.

Sat, 07 Mar 2020 15:15:55 GMT

China promises to accelerate 5G development

China plans to accelerate introduction of 5G technology across the country, despite the coronavirus outbreak, the Vice Minister of industry and information technology Chen Zhaoxiong says.

Sat, 07 Mar 2020 14:15:56 GMT

Uzbekistan plans to join EAEU as observer

Uzbekistan wants to join the Eurasian Economic Union as an observer state, a statement released by the Uzbek government shows.

Sat, 07 Mar 2020 13:00:13 GMT

China foreign trade declines

China's foreign trade declined 11% in the first two months of 2020 to $592B, compared to the same period the prior year, amid disruptions caused by the coronavirus outbreak, the General Administration of Customs reports.

Sat, 07 Mar 2020 12:23:30 GMT

Myanmar approves new investment

The Myanmar Investment Commission gave a green light to several local and foreign companies to operate in Myanmar which is estimated to create over 2,600 jobs.

Sat, 07 Mar 2020 11:33:15 GMT

Democrats to campaign in Midwest

Bernie Sanders and Joe Biden, the US Democratic presidential candidates, are planning to campaign in Michigan and Missouri this weekend.

Sat, 07 Mar 2020 10:35:55 GMT

Lebanon close to declare default

The Prime Minister of Lebanon Alain Aoun stated on Saturday that there were a few hours left before the government would be forced to declare default.

Sat, 07 Mar 2020 09:33:07 GMT

China exports drop in Q1

According to a trade report, China's outgoing shipments fell 17.2% if first two months of the year amid the outbreak of coronavirus.

Sat, 07 Mar 2020 07:47:11 GMT

Kudlow says US could take targeted measures to support economy

On Friday, Larry Kudlow, the senior White House economic adviser, said that the Trump administration could take appropriate and targeted measures to help the US economy due to the coronavirus outbreak.

Sat, 07 Mar 2020 07:08:28 GMT

OPEC and Russia ended oil output deal

On Friday, crude oil prices declined by 10% after the Russian Energy Minister Alexander Novak said that Russia and OPEC have ended the oil output cuts deal.

Sat, 07 Mar 2020 06:14:12 GMT

President Trump signs $8.3B coronavirus bill

On Friday, the US President Donald Trump signed a bill providing $8.3B in emergency funding to fight the coronavirus outbreak.

Sat, 07 Mar 2020 05:12:48 GMT

US renewable fuel credits decline more than 15%

On Friday, the US renewable fuel blending credits edged lower by over 15% after news that the Environmental Protection Agency plans to appeal the federal court refinery waiver ruling.

Sat, 07 Mar 2020 03:57:52 GMT

Winters is expected to remain as CEO of Standard Chartered Bank

Bill Winters, Group Chief Executive Officer of Standard Chartered Bank, is expected to remain at the bank to complete its current strategy, the bank's Chairman Jose Vinals announced on Friday.

Sat, 07 Mar 2020 02:45:34 GMT

Mexico prepares fiscal stimulus to reduce coronavirus impact

On Friday, Mexico's Undersecretary of Finance and Public Credit Gabriel Yorio said that the Mexican government had taken a range of approaches to reduce the impact of the coronavirus on the economy.

Fri, 06 Mar 2020 20:48:06 GMT

Tandem raises $78M

The UK digital bank Tandem raised $78M from investors, such as Qatar Investment Authority, and also bought a lender helping consumers to buy solar panels.

Fri, 06 Mar 2020 20:11:24 GMT

Lufthansa to slash capacity due to coronavirus

Lufthansa stated that its group of airlines is set to slash capacity 50% in the following weeks amid the coronavirus outbreak, making deeper cuts affecting all traffic areas.

Fri, 06 Mar 2020 18:44:57 GMT

Finnair sees lower demand in February

Finnair announced that demand, measured in RPK or revenue passenger kilometres, fell 1.7% in February year-on-year, as the coronavirus outbreak affected Asian travellers.

Fri, 06 Mar 2020 17:41:43 GMT

Tata Motors expects lower profit at JLR

India's automaker Tata Motors warned of weaker profit at its car brand Jaguar Land Roverfor the fiscal year, as coronavirus outbreak hit Chinese sales.

Fri, 06 Mar 2020 16:43:20 GMT

Gray Television bids to acquire Tegna

The US TV station operator Gray Television made an offer to buy larger peer Tegna for nearly $8.5B, including debt, sources familiar with the matter stated.

Fri, 06 Mar 2020 15:42:18 GMT

Starbucks stops accepting own cups

Starbucks Corp stopped accepting customers' reusable cups to prevent the coronavirus spread, though the company will still provide the promised discount for cup owners.

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