News

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Mon, 02 Mar 2020 10:22:42 GMT

Lufthansa calls off China and Tehran flights

On Monday, Lufthansa announced it was suspending all flights to China and Tehran until April 24 and April 30 respectively amid the coronavirus outbreak.

Mon, 02 Mar 2020 08:56:39 GMT

Nokia names Fortum head Lundmark as new CEO

Nokia has appointed Pekka Lundmark, the energy group Fortum's current CEO, as the Finnish company's new Chief Executive to succeed Rajeev Suri, who is set to resign in September, Nokia stated on Monday.

Mon, 02 Mar 2020 07:44:41 GMT

NMC Health picks Moelis for debt restructuring

The UAE health company NMC Health has selected Moelis & Co as an adviser for a debt restructuring, on the back of the investigation launched by Britain's FCA into NMC's finances, after the firm's shares were suspended on the LSE last week.

Mon, 02 Mar 2020 07:39:13 GMT

South Korea's Jeju Air takes over Eastar Jet

On Monday, South Korea's budget airline Jeju Air Co stated it was set to buy 51% stake in its rival Eastar Jet for $45.49M, at the lower price than was announced initially due to the coronavirus outbreak.

Mon, 02 Mar 2020 06:02:29 GMT

HNA Group's companies' share up

The value of shares of companies controlled by HNA Group increased on Monday as the conglomerate asked the Chinese government to help to negate liquidity risk related to coronavirus.

Mon, 02 Mar 2020 05:16:47 GMT

BOJ to stabilize markets

Haruhiko Kuroda, the Governor of the Bank of Japan, stated on Monday that the bank would take necessary steps to stabilize marks affected by the outbreak of coronavirus.

Mon, 02 Mar 2020 04:01:46 GMT

Italy to introduce measures to tackle coronavirus

On Sunday, the Italian Finance Minister Roberto Gualtieri said that the government would introduce bills worth of $3.5B to help tackle the impact of the coronavirus outbreak on the economy.

Mon, 02 Mar 2020 03:01:55 GMT

Saudi Arabia's economy grows by 0.3% in 2019

According to data from the General Authority for Statistics on Sunday, the Saudi Arabian economy increased by 0.3% last year, as the oil industry declined.

Sun, 01 Mar 2020 21:15:11 GMT

United Airlines likely to cut some flights

The United Airlines CEO Oscar Munoz stated on Sunday that the company most probably would cut a number of flights amid diminishing demand caused by the outbreak of coronavirus.

Sun, 01 Mar 2020 20:33:34 GMT

UK expects more coronavirus cases

The Prime Minister Boris Johnson stated on Sunday that the number of coronavirus in the country has increased to 36 and the government expected more to come.

Sun, 01 Mar 2020 18:41:40 GMT

Qatar strengthens ties with US

On Sunday, Qatar and the US strengthened their diplomatic ties, as Qatar arranged a deal between the US and Taliban.

Sun, 01 Mar 2020 18:09:29 GMT

Sanders raises funds for election

On Sunday, it was revealed by Reuters that Bernie Sanders had raised more than $45 million for his election campaign.

Sun, 01 Mar 2020 16:41:33 GMT

Italy uses debt for battling coronavirus

The Italian government announced that it would go into debt to finance economic measures that should ease the impact of the coronavirus.

Sun, 01 Mar 2020 16:19:31 GMT

Turkey eases border control

On Sunday, the government of Turkey eased controls on borders allowing illegal immigrants to head out to Greece.

Sun, 01 Mar 2020 14:40:40 GMT

Samsung and LG Innotek close down plant

Samsung and LG Innotek announced on Sunday that they would close down their South Korean plants.

Sun, 01 Mar 2020 13:49:09 GMT

Irish central bank comments on inflation

On Sunday, the head of the Irish central bank Gabriel Makhlouf stated that housing costs should have a larger weight in calculating inflation.

Sun, 01 Mar 2020 13:02:05 GMT

Italy to introduce measures to tackle coronavirus outbreak

On Sunday, the Italian Finance Minister Roberto Gualtieri said that the government would introduce bills worth of $3.5B to help tackle the impact of the coronavirus outbreak on the economy.

Sun, 01 Mar 2020 12:13:52 GMT

Saudi Arabia's economy grows by 0.3% in 2019

According to data from the General Authority for Statistics on Sunday, the Saudi Arabian economy increased by 0.3% last year, as the oil industry declined.

Sun, 01 Mar 2020 11:35:46 GMT

Sanders collects $46.5M in February

The US presidential candidate Bernie Sanders raised nearly $46.5M in February and would spend part of these funds on new television ads, his campaign manager said on Sunday.

Sun, 01 Mar 2020 09:58:48 GMT

Saudi Aramco down 2%

The value of shares of Saudi Aramco decreased to $8.66 by Sunday morning thus hitting the lowest mark since the initial public offering.

Sun, 01 Mar 2020 09:31:14 GMT

Italy to dedicate funds to fight coronavirus

The Economy Minister of Italy Roberto Gualtieri stated on Sunday that the government would take measures worth $3.5B to help the economy to resist the consequences of coronavirus.

Sun, 01 Mar 2020 08:15:39 GMT

Venezuela's government names new PDVSA executives

The Venezuelan government has named four new Vice President at the state oil firm PDVSA, a week after declaring an energy emergency.

Sun, 01 Mar 2020 07:00:20 GMT

US signs deal with Taliban to withdrawal troops

The United States signed an agreement with the Taliban on Saturday that sets the stage for troops withdrawal from Afghanistan.

Sun, 01 Mar 2020 06:02:21 GMT

Erdogan asks Putin to step aside in Syria

On Saturday, the President of TurkeyTayyip Erdogan said that he asked the Russian President Vladimir Putin to step aside in Syria.

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