News

Note: This section contains information in English only.
Sun, 29 Mar 2020 08:39:13 GMT

Qatar Airways runs out of cash

The Qatar Airways Chief Executive Officer Akbar al-Baker stated on Sunday that the company would continue scheduled flights, though cash was expected to run out in nearest future.

Sun, 29 Mar 2020 07:24:24 GMT

ICBC net income up 4.9% in 2019

China's biggest commercial lender, the Industrial and Commercial Bank of China, reported an increase of 4.9% in net income in 2019, compared to the previous year.

Sun, 29 Mar 2020 06:31:12 GMT

Guotai Junan net profit surges

Guotai Junan Securities, a leading Chinese broker, reported a 28.76% increase in net profit in 2019, compared to the prior year, data published by the Shanghai Stock Exchange show.

Sun, 29 Mar 2020 05:21:08 GMT

Taiwan consumer confidence deteriorates

Consumer confidence in Taiwan deteriorated in March, compared to February, data published by the Research Center for Taiwan Economic Development show.

Sun, 29 Mar 2020 02:41:22 GMT

UK to ease regulations for stricken businesses

Alok Sharma, Britain's Secretary of State for Business, Energy and Industrial Strategy, said on Saturday that the British government would assist stricken UK companies by easing regulations.

Sun, 29 Mar 2020 02:37:00 GMT

China prepares stimulus package

The Chinese government plans to roll out more stimulus measures in the coming weeks to help revive the country's economy hit by the coronavirus outbreak.

Sat, 28 Mar 2020 20:40:58 GMT

Italy approves new measures for economy

The Prime Minister of Italy Giuseppe Conte approved on Saturday a new set of measures aimed at support of the country's economy severely hit by the pandemia.

Sat, 28 Mar 2020 20:35:06 GMT

Rosneft quits Venezuela

The Russian oil giant Rosneft stated on Saturday that it has ended all operations in Venezuela and sold the respective assets to another Russian company.

Sat, 28 Mar 2020 19:04:59 GMT

World Bank loans $300M to support green agriculture in Henan

The World Bank approved a $300M loan to the Henan Green Agriculture Fund Project to develop green agriculture in the province.

Sat, 28 Mar 2020 18:00:38 GMT

China residential land transactions decline

China reported a 18.7% decrease in residential land transactions in January and February, compared to the same period in 2019, an industry report shows.

Sat, 28 Mar 2020 17:15:40 GMT

China releases 20,000T of pork from reserves

China released 20,000 tonnes of pork from its reserves to increase supply, a statement published by the Ministry of Commerce shows.

Sat, 28 Mar 2020 16:14:00 GMT

China Postal Savings Bank reports net profit growth

The Chinese state-owned bank, Postal Savings Bank, reported $8.6 net profit in 2019, an increase of 16.52% from the previous year, a statement published by the bank shows.

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.

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