News

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Mon, 15 Jun 2020 06:44:49 GMT

VW Mexico to gradually resume its plant

Volkswagen AG's Mexican arm is set to start sending its workers back to the Puebla plant on Tuesday, aiming to prepare and train eyeing a gradual launch of operations further ahead.

Mon, 15 Jun 2020 06:38:31 GMT

Unilever to make investment in climate change fund

On Monday, Unilever Plc announced a €1B investment in the climate change projects, claiming reduction to the net zero greenhouse gas emissions by 2039.

Mon, 15 Jun 2020 04:59:06 GMT

Spain plans aid package for auto sector

The Spanish government plans a €3.7B financial package for its auto industry, Spain's Prime Minister Pedro Sanchez announced on Sunday.

Mon, 15 Jun 2020 03:59:21 GMT

UK to review quarantine policy for travellers

Britain's Chancellor of the Exchequer Rishi Sunak stated on Sunday that the UK government could make changes to a 14-day quarantine for travellers coming to the country.

Mon, 15 Jun 2020 01:47:28 GMT

AstraZeneca signs contract with EU

Drugmaker AstraZeneca has agreed to supply 400 million doses of coronavirus vaccine to Europe's Inclusive Vaccines Alliance.

Mon, 15 Jun 2020 01:44:53 GMT

Spain to open borders for Schengen countries

The Spanish Prime Minister Pedro Sanchez announced on Sunday that Spain would open its borders for the Schengen zone countries on June 21.

Sun, 14 Jun 2020 20:11:44 GMT

World trade to decline sharply in 2020

World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.

Sun, 14 Jun 2020 19:16:24 GMT

Russian foreign, defence ministers visit Turkey

The Russian Foreign Minister Sergey Lavrov and the Defence Minister Sergey Shoygu visit Turkey to hold talks on the regional issues.

Sun, 14 Jun 2020 18:01:00 GMT

Palestine asks $100M monthly loan from Arab states

The Palestinian Authority asked the Arab states for a $100M monthly loan to help overcome its financial crisis, a senior Palestinian official says.

Sun, 14 Jun 2020 17:10:00 GMT

China commercial vehicle sales increase

Commercial vehicle sales in China increased to 520T in May, an increase of 48% compared to the same period the prior year, the China Association of Automobile Manufacturers reports.

Sun, 14 Jun 2020 16:27:56 GMT

China gives American Express permission for card clearing operations

The PBOC and the China Banking and Insurance Regulatory Commission gave a green light to the American Express to conduct payment card clearing operations.

Sun, 14 Jun 2020 15:22:08 GMT

China postal sector expands

The Chinese postal sector expanded 21.9% to $13.4B in May, compared to the same period in 2019, data published by the State Post Bureau show.

Sun, 14 Jun 2020 14:37:13 GMT

Beijing to back creation of cryptocurrency

China government has supported a plan for the development of an East Asian digital currency linked to various Asian currencies.

Sun, 14 Jun 2020 13:18:40 GMT

10-year Treasury yield declines

Investor confidence lowers as the yield of 10-year US Treasury bonds slides to 0.7% from 0.9% in the first week of June.

Sun, 14 Jun 2020 12:16:50 GMT

OPEC foresees higher demand

As the pandemic-related plunge of oil price has caused investment shortage for its rivals, OPEC foresees a stronger position in the future.

Sun, 14 Jun 2020 11:34:48 GMT

Spain to loosen border restrictions

Spain plans to unlock its borders to the EU Schengen area countries from June 21, excluding Portugal.

Sun, 14 Jun 2020 09:54:52 GMT

Britain to lighten distancing measures

The Britain Finance Minister urged to take measures softening social distancing rules to assist economic recovery.

Sun, 14 Jun 2020 09:23:32 GMT

Germany designates $563M to aid firms

Germany introduces a plan to boost small and medium business training programs to prevent coronavirus-caused turbulences.

Sun, 14 Jun 2020 08:38:26 GMT

Unemployment rate soars in the US

44M claimed jobless in the US during the past 3 months, however, the unemployment rate is expected to decrease to 6.5% by the end of 2020.

Sun, 14 Jun 2020 07:00:18 GMT

IMF to revise the 2020 economic forecast

Based on the incoming data, the IMF plans to lower the 2020 global economic growth projections in the outlook to be released on June 24.

Sun, 14 Jun 2020 06:27:37 GMT

Australia to ease coronavirus restrictions

On Sunday, Australia's officials announced to lighten quarantine measures regarding public gatherings from July.

Sun, 14 Jun 2020 05:23:14 GMT

AT&T to sale Warner Bros. gaming division

AT&T was discussing its Warner Bros. gaming division's sale in a deal, which could fetch about $4B, CNBC reported.

Sun, 14 Jun 2020 04:24:03 GMT

Two US states examine Amazon's business

State investigators in Washington and California were examining Amazon's business practices over selling own products in the competition with third side vendors.

Sun, 14 Jun 2020 03:38:19 GMT

Cineworld scraps deal to buy Cineplex

Britain's Cineworld Group stated that it abandoned $1.65B deal to buy Cineplex, citing what it termed the company's breaches in the merger agreement.

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