News

Sun, 22 Mar 2020 08:11:55 GMT

Germany eyes 156B euros supplementary budget

On Saturday, Olaf Scholz, Germany's Finance Minister, said that the German government was preparing a stimulus measures of about 156B euros to fight the economic impact of the coronavirus crisis.

Sun, 22 Mar 2020 07:01:58 GMT

Amazon increases overtime pay for US warehouse workers

On Saturday, Amazon.com announced that it would increase overtime pay for staffs, working at the warehouses in the United States.

Sun, 22 Mar 2020 06:05:14 GMT

Starbucks shut down most Canada and US cafes

Starbucks Corp announced on Friday that it would close the majority of its cafes in the United States and Canada for two weeks.

Sun, 22 Mar 2020 04:54:25 GMT

Wells Fargo urges Fed to remove asset cap

According to the Financial Times report, Wells Fargo has asked the US Federal Reserve to lift the cap on growth to support customers and businesses hit by the economic impact of the coronavirus crisis.

Sun, 22 Mar 2020 01:33:50 GMT

Volkswagen to close some plants for two weeks

On Saturday, the German automaker Volkswagen AG announced that it would shut down its factories in some regions for two weeks.

Sat, 21 Mar 2020 21:21:16 GMT

US to continue trade with Mexico

The President Donald Trump agreed on Saturday with his Mexican colleague Andres Obrador to continue bilateral trade and provision of critical services despite situation in the world and border restrictions.

Sat, 21 Mar 2020 20:13:19 GMT

ECB calls politicians to take action

Isabel Schnabel, the ECB Board Member, stated on Saturday that the bank has enough tools to handle the impact of coronavirus but it is job of the EU leaders to take action.

Sat, 21 Mar 2020 19:03:13 GMT

Uganda lowers growth estimate

Uganda has revised the economic growth projection to 5.5% from a previous estimate of 6%, the Minister of Finance Matia Kasaija says.

Sat, 21 Mar 2020 18:01:54 GMT

S. Korea producer prices decline

South Korean producer prices declined 0.3% in February from the previous month amid the COVID-19 outbreak, a statement published by the Bank of Korea shows.

Sat, 21 Mar 2020 17:01:33 GMT

Air New Zealand gets government support

Air New Zealand and the New Zealand government reached an agreement to provide the airline around $500M after the company has cut 85% of its international flights.

Sat, 21 Mar 2020 16:01:13 GMT

S. Korea foreign direct investment hits record high

South Korea's foreign direct investment reached a record high of more than $60B in 2019, a report published by the Ministry of Economy and Finance shows.

Sat, 21 Mar 2020 14:46:21 GMT

Uber suspends option to book taxi in Saudis

Uber Technologies suspended regular taxi service booking option through its application in Saudi Arabia until further notice.

Sat, 21 Mar 2020 13:48:49 GMT

Ireland to cover up to 75% of wages

Ireland's government was considering a plan to pay up to 75% of the wages of temporarily laid off staff due the COVID-19 outbreak.

Sat, 21 Mar 2020 13:30:47 GMT

VW to temporary close factories

The German car producer Volkswagen stated on Saturday that it would close its factories for two and in some places for three weeks amid the coronavirus pandemia.

Sat, 21 Mar 2020 12:34:37 GMT

Rubbens distillery to produce disinfectant

The Rubbens distillery located in Belgium stated on Saturday that it would temporary stop producing gin and start making a disinfectant liquid.

Sat, 21 Mar 2020 11:15:06 GMT

South Korea suggests to close facilities

The Prime Minister of South Korea Chung Sye-kyun stongly advised on Saturday to temporary close public facilities and observe social distancing.

Sat, 21 Mar 2020 10:26:06 GMT

Panasonic stops production in Nevada

Panasonic Corp stated on Saturday that it has temporary stopped production of batteries at factory in Nevada due to the coronavirus outbreak.

Sat, 21 Mar 2020 08:53:14 GMT

Currency swap spreads narrow

Forex swap spreads, which increased, as banks and companies grappled for US Dollar funding, tightened on Friday after central banks around the world agreed to take coordinated action.

Sat, 21 Mar 2020 08:07:41 GMT

US home sales jump to 13-year high in February

According to a report from the National Association of Realtors on Friday, existing US home sales, which make up about 90% of home sales in the United States, jumped to a 13-year high in February.

Sat, 21 Mar 2020 07:07:02 GMT

Britain's Central Bank to buy $16.6B of government bonds

The Bank of England plans to purchase $16.6B of gilt-edged securities next week, as Britain's Central Bank attempts to limit the economic impact of the coronavirus outbreak.

Sat, 21 Mar 2020 05:56:00 GMT

France's EDF introduces stricter hygiene procedures

According to the union and industrial sources, France's oldest Electricite de France EDF has tightened hygiene procedures at the nuclear power plants over the coronavirus concerns.

Sat, 21 Mar 2020 05:18:15 GMT

Uber halts taxi service in Saudi Arabia

On Friday, Uber's spokesperson said that the company has suspended its taxi service in Saudi Arabia until further notice due to new measures announced by the Saudi Arabian Ministry of Interior.

Sat, 21 Mar 2020 04:09:53 GMT

Lyft tells drivers to sign up for "LyftUp Driver Task Force"

On Friday, Lyft Inc asked drivers to sign up for LyftUp Driver Task Force, as traffic for ride-hailing service has plummeted due to the coronavirus outbreak in the United States.

Sat, 21 Mar 2020 03:12:05 GMT

Airbus in regular discussions with European governments

On Friday, an Airbus spokesperson announced that the European planemaker is in regular discussions with the EU governments.

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