News

Note: This section contains information in English only.
Sun, 17 May 2020 15:03:09 GMT

Gove comments on trade deal with EU

On Sunday, Britain's Chancellor of the Duchy of Lancaster, Michael Gove said that there was a post-Brexit trade deal to be done with the EU.

Sun, 17 May 2020 14:11:57 GMT

Ghani and Abdullah close to completing power-sharing deal

According to sources with knowledge of the matter, Afghanistan's President Ashraf Ghani and his rival Chief Executive Abdullah Abdullah are close to finalising a power-sharing agreement.

Sun, 17 May 2020 12:57:32 GMT

India plans to privatize state-run companies

The Indian Finance Minister Nirmala Sitharaman said on Sunday that India would privatize parts of state-run firms in sectors ranging from power to aviation to replenish its coffers.

Sun, 17 May 2020 12:07:17 GMT

Walt Disney to reopen shopping complex at Florida resort

Walt Disney announced on Saturday that it would partially reopen the Disney Springs and shopping area at its Florida resort on May 20.

Sun, 17 May 2020 11:37:58 GMT

UK to have slow economic recovery

The British Office for Budget Responsibility stated on Sunday that recovery of the country's economy after the pandemic ended would not be fast.

Sun, 17 May 2020 10:32:38 GMT

China opposes US attacks on Huawei

The Commerce Ministry of China opposed on Sunday the rules taken by the US against Huawei and said it would protect its companies.

Sun, 17 May 2020 09:36:24 GMT

China does not want to ease trade tensions

The Australian Trade Minister Simon Birmingham on Sunday called China to respond to proposal to start talks to ease trade tensions between the two countries.

Sun, 17 May 2020 08:39:22 GMT

Indonesia to bailout state firms

According to sources familiar with the matter, the Indonesian government is planning to spend $8.6 to bailout 12 state-owned companies impacted by the coronavirus pandemic.

Sun, 17 May 2020 07:30:34 GMT

Australia comments coronavirus inquiry

On Sunday the Australian government stated that the Chinese government should respond to a request for an inquiry into the origins of the coronavirus.

Sun, 17 May 2020 05:42:26 GMT

Fed comments on Paycheck Protection

The Federal Reserve revealed on Saturday that nearly 600 banks loaned about $30 billion from the Paycheck Protection Program.

Sun, 17 May 2020 05:30:58 GMT

Italian PM comments on decreasing lockdown

On Saturday, the Prime Minister of Italy Giuseppe Conte stated that Italy would take a calculated risk by decreasing lockdown measures.

Sun, 17 May 2020 03:41:10 GMT

Fiat Chrysler asks for loan

The Fiat Chrysler arm of Italy has asked the Italian government for a state-backed loan for the local operations.

Sun, 17 May 2020 03:31:57 GMT

Saudi sovereign fund seeks loan

On Saturday, it was revealed that the Saudi Arabian sovereign funds is looking for a $10 billion margin loan.

Sat, 16 May 2020 20:41:49 GMT

Czech government considers airline buyout

The government of the Czech Republic could buy out Czech Airlines, Minister of Industry Karel Havlicek stated on Saturday.

Sat, 16 May 2020 20:05:13 GMT

Wuhan offers consumer incentives

On Saturday, the government of Chinese Wuhan province issued a row of consumer subsidies that would support home appliance and car sales.

Sat, 16 May 2020 18:13:24 GMT

California rejects SpaceX subsidies

The government of the state of California has denied subsidies for SpaceX, as the CEO of the company Elon Musk has resumed work at Tesla despite Coronavirus restrictions.

Sat, 16 May 2020 18:09:35 GMT

US asks for Bezos's testimony

On Saturday, the US House of Representatives Judiciary Committee called in Jeff Bezos to testify about third party seller data.

Sat, 16 May 2020 16:50:24 GMT

US Justice Department subpoenas banks

Reuters revealed on Saturday that the US Justice Department has sent subpoenas to the Wall Street banks, which abused the emergency loan program.

Sat, 16 May 2020 15:41:45 GMT

PBOC increases stimulus

On Saturday, the People's Bank of China announced that it would increase its monetary stimulus measures to support the economy.

Sat, 16 May 2020 14:40:18 GMT

JC Penney files for bankruptcy

J.C. Penney on Friday filed for bankruptcy protection and announced plans to close some of its stores.

Sat, 16 May 2020 14:34:11 GMT

US cuts Huawei from supply

On Saturday, the US government blocked Huawei from accessing the global supply of chips.

Sat, 16 May 2020 12:42:22 GMT

Facebook buys Giphy

Facebook revealed on Friday that the company had bought the GIF website Giphy to integrate it with Instagram.

Sat, 16 May 2020 12:32:40 GMT

Saudi Arabia buys stakes in companies

On Saturday, it was revealed that the Saudi sovereign fund had bought in stakes in Citi, Boeing and Facebook.

Sat, 16 May 2020 10:41:28 GMT

China asks US to stop Huawei suppression

On Saturday, the Chinese government requested the United States government to stop the suppression and barring of Huawei from global chip supplies.

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