News

Mon, 20 Jul 2020 01:47:56 GMT

Japan aims to invite TSMC to build advanced chip plant

According to the Yomiuri daily report published on Sunday, Japan is planning to invite the Taiwanese Semiconductor Manufacturing Company to build an advanced domestic chip plant.

Sun, 19 Jul 2020 19:43:42 GMT

EU leaders discuss stimulus

Despite a third day of negotiations at a summit, EU leaders could not agree upon the form of new economic stimulus measures.

Sun, 19 Jul 2020 18:41:20 GMT

Dubai real estate fund considers de-listing

The Emirates REIT REIT.DI investment fund announced on Sunday that it could de-list from stock exchanges.

Sun, 19 Jul 2020 17:43:57 GMT

Japan invites TSMC to venture

On Sunday, Yomiuri announced that Japan would invite TSMC to create a new advanced chip production plant.

Sun, 19 Jul 2020 16:40:51 GMT

Kuwait scrambles debt plan

The government of Kuwait announced on Sunday that it would scramble its plan to take up a debt of $16 billion.

Sun, 19 Jul 2020 15:50:31 GMT

Poland comments on EU stimulus

On Sunday, the Prime Minister of Poland Mateusz Morawiecki stated that Poland would not accept new rules for a stop of EU money.

Sun, 19 Jul 2020 14:42:58 GMT

Greek PM calls for stimulus

The Prime Minister of Greece Kiriakos Mitsotakis stated on Sunday that the EU cannot appear week and has to announce additional stimulus.

Sun, 19 Jul 2020 13:44:38 GMT

Nigerian banks limit spending

On Sunday, Nigerian banks announced that they would limit debit card spending abroad to ease Forex risks.

Sun, 19 Jul 2020 12:00:05 GMT

PBOC to connect two markets

The People's Bank of China (PBOC) stated on Sunday that it would connect the country's exchange bond and interbank markets.

Sun, 19 Jul 2020 10:46:18 GMT

Israel resumes Netanyahu's trial

The Jerusalem District Court on Sunday resumed trial over the country's Prime Minister Benjamin Netanyahu being occused of graft.

Sun, 19 Jul 2020 09:59:25 GMT

China to respond to Britain sanctions

Liu Xiaoming, the China's Ambassador in London, stated on Sunday that China would immediately respond to any attempt to sanction its officials.

Sun, 19 Jul 2020 09:12:42 GMT

Merkel warns of possible EU summit failure

The German Chancellor Angela Merkel stated on Sunday that leaders of the European Union might fail to negotiate a deal on the economic recovery measures.

Sun, 19 Jul 2020 08:37:44 GMT

UK seeks Huawei alternatives

According to the Nikkei, the British government asked Japan to help to create 5G networks without technologies offered by Chinese Huawei.

Sun, 19 Jul 2020 07:05:18 GMT

Malpass urges G20 to reduce debts for poor countries

On Saturday, David Malpass, the World Bank President, said that G20 should begin discussions on decreasing the debts of the poorest nations.

Sun, 19 Jul 2020 06:03:48 GMT

Germany promises $3.4B for poor nations

According to the German Finance Ministry, Germany has pledged $3.4 billion to support the world's poorest nations.

Sun, 19 Jul 2020 05:01:10 GMT

Dutch welcomes new proposals on EU stimulus fund

On Saturday, the Netherlands welcomed new ideas on the EU's coronavirus economic recovery fund stimulus package.

Sun, 19 Jul 2020 04:14:04 GMT

Indonesia increases tax incentives

The Indonesian government has raised tax incentives for companies to curb the economic impact of the COVID-19 pandemic crisis.

Sun, 19 Jul 2020 03:00:49 GMT

Iranian Rial hits record low

On Saturday, Iran's Rial slumped to a new record low against the US Dollar on the black market. The Iranian currency has lost almost 48% of its value in 2020.

Sun, 19 Jul 2020 02:05:12 GMT

Kurz says EU talks moving in right direction

On Saturday, Sebastian Kurz, the Austrian Chancellor, said that the new proposals on the EU's coronavirus economic recovery fund were moving in the right direction.

Sat, 18 Jul 2020 20:24:22 GMT

Government evaluates Air Algerie losses

The Alregian government stated on Saturday that Air Algerie's losses caused by the coronavirus pandemic could reached $272M by the end of the year.

Sat, 18 Jul 2020 19:35:33 GMT

G20 to solve big tech taxation problem

On Saturday, G20 officials pledged to overcome differences associated with taxation of big tech companies.

Sat, 18 Jul 2020 18:34:09 GMT

G20 officials hold virtual meeting

On Saturday, the finance ministers of the G20 had a meeting during the which they confirmed readiness to continue working together to bolster world economy.

Sat, 18 Jul 2020 17:27:39 GMT

Kuwait says its currency remains strong

The Central Bank of Kuwait stated on Saturday that the country's currency remained strong and stable despite hospitalization of 91-year-old emir.

Sat, 18 Jul 2020 16:41:09 GMT

Austria says EU talks move in right direction

The Austrian Prime Chancellor Sebastian Kurz stated on Saturday that discussions over the EU stimulus fund were a step in the right direction, though not as easy as expected.

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