News

Sun, 15 Mar 2020 13:44:35 GMT

Major US internet firms to extend service for next 60 days

The major US internet providers, such as Comcast Corp, Verizon Communications and AT&T, agreed not to halt their service for users for the following 60 days in case subscribers are unable to make payments of their bills amid disruptions triggered by the coronavirus.

Sun, 15 Mar 2020 12:31:51 GMT

American Airlines to cut international flights by 75%

American Airlines is planning to trim its international flights by 75% through May 6, grounding nearly all of its widebody fleet, due to the worldwide collapse in demand for travels that was hit by the coronavirus pandemic.

Sun, 15 Mar 2020 12:20:09 GMT

Apple, other US retailers shut stores to fight virus

Apple Inc and several others US retailers announced they are shutting down all their stores, excluding those located in Greater China, for the following two weeks seeking to minimise the coronavirus transmission risks.

Sun, 15 Mar 2020 11:18:56 GMT

Austria restricts movements

The Austrian government starting from Sunday imposed major restrictions on public life and movement within the country to limit the spread of coronavirus.

Sun, 15 Mar 2020 10:22:40 GMT

France holds local elections

Thousands of French voters went to polling stations on Sunday to vote in local elections despite the severe situation in the country with coronavirus.

Sun, 15 Mar 2020 09:26:16 GMT

Saudi Aramco to lower capital spending

Saudi Aramco stated on Sunday that it would decrease capital spending this year amid the outbreak of coronavirus.

Sun, 15 Mar 2020 07:55:04 GMT

Swiss banks consider $21B business loan program

Switzerland's main lenders were considering a 20B Swiss franc loan program to support small businesses affected by the COVID-19 outbreak, Handelszeitung reported.

Sun, 15 Mar 2020 07:01:33 GMT

India increases taxes on mobile phones

The Indian Goods and Services Tax Council raised the tax over mobile phones and parts in a move, which could lead to price increases.

Sun, 15 Mar 2020 06:41:19 GMT

Saudi, UAE CB roll out $40B stimulus for virus-hit countries

The Central Banks of Saudi Arabia and the UAE announced their stimulus plans totalling $40B to ease the impact of the outbreak of coronavirus in their respective countries.

Sun, 15 Mar 2020 04:33:31 GMT

Israel to shut hotels, restaurants, malls

Israel is expected to temporary shut hotels, malls and restaurants starting on Sunday, using anti-terrorism tracking technology to lower the risk of coronavirus spread.

Sat, 14 Mar 2020 22:32:44 GMT

Apple to close stores worldwide

Apple announced that it is set to close all retail store locations, except stores in Greater China, for the following two weeks to diminish the risk of coronavirus spread.

Sat, 14 Mar 2020 20:43:36 GMT

France to close public places

The Prime Minister of France Edouard Philippe stated on Saturday that starting from next day the majority of shops, restaurants and other public places will be shut down to limit the spread of coronavirus.

Sat, 14 Mar 2020 20:34:06 GMT

Norway to shut down ports and airports

The Prime Minister of Norway Erna Solberg stated on Saturday that the government has decided to temporary close the country's airports and ports.

Sat, 14 Mar 2020 18:38:09 GMT

China postal industry contracts

China's postal industry contracted 6.5% to $18.4B in the first two months of the current year, a statement published by the State Post Bureau shows.

Sat, 14 Mar 2020 17:01:25 GMT

Bank of Canada cuts key rate

The Bank of Canada cut its key rate to 0.75% from 1.25% to help the Canadian economy amid the COVID-19 pandemic and decline in oil prices.

Sat, 14 Mar 2020 16:00:12 GMT

Botswana inflation stable

The inflation rate in Botswana remained unchanged at 2.2% in February from January, a statement published by the Statistics Botswana shows.

Sat, 14 Mar 2020 15:06:50 GMT

Germany pledges unlimited support to companies

The German government pledged to provide unlimited support to businesses affected by the coronavirus outbreak through the state development bank KfW.

Sat, 14 Mar 2020 14:02:46 GMT

China gold production and consumption decline

China produced 500.4T of gold in 2019, a 2.6% decline from 2018, and consumption fell 12.9% to 1,003T, data published by the Ministry of Industry and Information Technology show.

Sat, 14 Mar 2020 13:00:13 GMT

Volkswagen vehicle sales decline

The Volkswagen Group sold 546,300 vehicles in February, a decline of almost 25% from the same period the previous year, a statement from the German car producer shows.

Sat, 14 Mar 2020 12:18:56 GMT

AfDB, Tanzania sign $495M loan agreements to finance infrastructure projects

The African Development Bank and Tanzania signed loan agreements worth $495.59M to finance several infrastructure projects, including the construction of Msalato international airport in the capital Dodoma.

Sat, 14 Mar 2020 11:34:46 GMT

Inditex to close stores in Spain amid virus

According to the Europa Press, Inditex has decided to temporarily shut down all Zara stores in Spain amid the coronavirus outbreak.

Sat, 14 Mar 2020 10:34:12 GMT

Japan refuses to announce emergency

The Japanese Prime Minister Shinzo Abe stated on Saturday that situation in the country with coronavirus is not severe enough to declare the state of emergency.

Sat, 14 Mar 2020 09:15:34 GMT

Iran launches new oil platform

According to the IRNA news agency, the S1 platform installed at Salman oilfield has raised Iran's oil production capacity by 6,000 barrels per day.

Sat, 14 Mar 2020 08:01:51 GMT

Philippine Central Bank stands ready to support economy

The Governor of the Philippine Central Bank Benjamin Diokno said in a statement on Friday that the bank is ready to support the country's economic growth amid the coronavirus outbreak.

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