News

Sat, 02 May 2020 15:52:56 GMT

Malaysia's GDP could decline more than initially forecasts

The Malaysian Finance Minister Tengku Zafrul Tengku Abdul Aziz said in an interview on Saturday that the country's economy could decline more than the Central Bank had forecast in April.

Sat, 02 May 2020 15:01:13 GMT

Malaysian authorities defend relaxing of COVID-19 curbs

The Malaysian government defended plans to reopen most businesses next week, as the number of new cases with the coronavirus rose by 105 on Saturday.

Sat, 02 May 2020 14:05:37 GMT

India mandates Bluetooth tracing app for all employees

The Indian government has mandated all employees in both the private and public sector to use a Bluetooth and GPS-based tracking app and keep social distancing in the work places.

Sat, 02 May 2020 13:06:46 GMT

SBA approves $15B in new PPP loans

The Small Business Administration gave its approval to JPMorgan Chase & Co to process $15B in new Paycheck Protection Program loans.

Sat, 02 May 2020 12:07:39 GMT

WH blocks Fauci's coronavirus testimony

The White House has blocked Dr Anthony Fauci to testify before the US Congress on the Trump administration's handling of the COVID-19 pandemic next week.

Sat, 02 May 2020 11:19:08 GMT

NBCUniversal considers major reductions

According to the Wall Street Journal, NBCUniversal is considering major employees layoffs as a part of cost optimization policy.

Sat, 02 May 2020 10:36:44 GMT

IMF to give loan to Malawi

The International Monetary Fund (IMF) approved on Saturday a $91M credit for Malawi negate the deficit of balance of payments.

Sat, 02 May 2020 09:15:31 GMT

ABB CEO to present decentralisation plan

According to the Neue Zuercher Zeitung, Bjorn Rosengren, ABB's new CEO, is intended to decentralise the company to achieve more efficiency.

Sat, 02 May 2020 08:03:59 GMT

Tesla extends furlough

According to Tesla's internal email, the company is extending furlough for part of employees for another week.

Sat, 02 May 2020 06:53:18 GMT

Kazakh airlines restart regular domestic flights

On Friday, Kazakhstan's Air Astana made its first regular flight from Almaty to capital Nur-Sultan in over a month, after authorities relaxed lockdown rules.

Sat, 02 May 2020 05:47:16 GMT

Tencent acquires 5% stake in Afterpay

The Chinese tech giant Tencent Holdings has acquired a 5% share in Australia's buy-now-pay-later Afterpay Ltd. The Australian company announced on Friday.

Sat, 02 May 2020 04:43:56 GMT

US factory activity hits 11-year low

On Friday, the US Institute for Supply Management announced that the national manufacturing activity declined to a reading of 41.5, the lowest level since April 2009.

Sat, 02 May 2020 03:42:17 GMT

US seeks to protect electricity system from cyber attack

According to the US Energy Department, President Donald Trump has signed an executive order to protect the US power system from cyber attacks.

Sat, 02 May 2020 03:40:29 GMT

Germany to acquire 25.1% stake in Lufthansa

According to the Der Spiegel weekly paper, published on Friday, the German government is planning to buy a 25.1% stake in Lufthansa for 10 billion euros.

Fri, 01 May 2020 20:44:04 GMT

Trump's administration to focus on pro-growth measures

Larry Kudlow, the White House National Economic Council Director, stated on Friday that the US government would focus on future growth incentives.

Fri, 01 May 2020 20:06:10 GMT

Canada forbids assault weapons

The Prime Minister of Canada Justin Trudeau stated on Saturday that the government banned acquisition of military-grade assault guns.

Fri, 01 May 2020 19:13:12 GMT

O2 and Virgin Media likely to merge

According to sources with the knowledge of the matter, Spain's Telefonica SA discusses with Liberty Global Plc possible merger of O2 with Virgin Media.

Fri, 01 May 2020 17:42:12 GMT

Siemens Gamesa takes over Ria Blades

Siemens Gamesa has acquired Ria Blades, a company that operates the production plant that makes on-shore wind turbine blades in Vagos, Portugal.

Fri, 01 May 2020 16:45:45 GMT

Tesla trims price for Chinese Model 3 vehicles by 10%

On Friday, the American electric car maker Tesla announced it had slashed the initial price for its China-made Model 3 cars by 10%, as it seeks to qualify for China's subsidies.

Fri, 01 May 2020 15:57:41 GMT

Origin Energy to acquire 20% stake in Octopus Energy

Origin Energy, Australia's top gas and power retailer, agreed to acquire a 20% stake in Britain's retailer Octopus Energy in a deal valued at A$507M, which grants it an exclusive license for using Octopus Energy's technology.

Fri, 01 May 2020 15:27:10 GMT

Amazon prolongs remote work till October 2

Amazon.com has extended work from home for part of its staff, whose work can be still done remotely, until at least October 2, a spokesman for the company stated on Friday.

Fri, 01 May 2020 14:22:13 GMT

Wall Street falls on Trump's new China tariffs

On Friday, US stocks slip at open after the President Donald Trump had threatened to impose new tariffs on China amid the COVID-19 virus-related crisis, while Amazon and Apple joined other firms to warn about uncertain future.

Fri, 01 May 2020 13:26:51 GMT

Aer Lingus likely to fire 20% of staff

According to sources familiar with the matter, Irish air carrier Aer Lingus plans to cut 20% of its workforce because of the pandemic.

Fri, 01 May 2020 12:34:33 GMT

Oil raises close to $27

Crude oil prices rose 4.4% or 83 cents on Saturday, reaching $19.67 per barrel as world major oil producers started record production cut.

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