News

Note: This section contains information in English only.
Mon, 23 Mar 2020 05:42:19 GMT

SoftBank to sell $41 worth assets

SoftBank Group Corp stated on Monday that it would get rid of its assets worth $41B to reduce debt and fund a buyback of shares.

Mon, 23 Mar 2020 05:32:39 GMT

RBA acquires $2.3B bonds

The Reserve Bank of Australia (RBA) stated on Monday that it had bought government bonds worth $2.3B to keep yields around 0.25%.

Mon, 23 Mar 2020 03:57:06 GMT

Italy to close all non-essential businesses until April 3

On Saturday, the Italian Prime Minister Giuseppe Conte announced that all non-strategic business activities must shut down until April 3, in the latest effort to combat the coronavirus pandemic.

Mon, 23 Mar 2020 02:56:15 GMT

India's biggest automakers stop production

India's biggest automakers, including Maruti Suzuki, Mercedes-Benz, Mahindra & Mahindra and Fiat Chrysler stated on Sunday that they would stop car production in India due to the coronavirus crisis.

Sun, 22 Mar 2020 20:50:46 GMT

Facebook donates 720K masks

The Facebook CEO Mark Zuckerberg stated on Sunday that the company has donated 720K protective mask for medical workers.

Sun, 22 Mar 2020 20:08:50 GMT

Obrador calls to be careful with reserves

The Mexican President Andres Obrador stated on Sunday that the country's central bank should spend reserves wisely and try to avoid to use them to contain Peso's depreciation.

Sun, 22 Mar 2020 18:49:19 GMT

Facebook to reduce video quality in EU

Facebook stated that it would reduce quality of video streaming on its platform and on Instagram in Europe to help alleviate any network congestion.

Sun, 22 Mar 2020 17:51:08 GMT

H&M to deliver protective equipment to hospitals

Fashion retailer H&M stated that it was planning to provide protective equipment to hospitals to help to restrain the coronavirus spread.

Sun, 22 Mar 2020 17:05:37 GMT

Primark to close 189 stores in Britain

Associated British Foods is set to close 189 Primark stores in the UK after stopping all new deliveries from suppliers on lower demand amid the coronavirus outbreak.

Sun, 22 Mar 2020 16:36:49 GMT

Netflix to cut traffic in Europe

Netflix announced that it will slash traffic 25% over networks across the EU in a bid to relieve strain on internet service providers experiencing a rise in usage due to coronavirus.

Sun, 22 Mar 2020 15:09:35 GMT

Greek economy heads towards zero growth

The Greek economy is heading towards zero growth in 2020, a decline from the previous estimate of 2.4% growth, the Bank of Greece Governor Yannis Stournaras says.

Sun, 22 Mar 2020 14:09:49 GMT

ABB resumes construction of factory in China

Swiss-Swedish multinational corporation ABB has resumed construction of its $150M robotics factory in China, the president of ABB Engineering James Li says.

Sun, 22 Mar 2020 13:33:17 GMT

Greece to inject 10B euro in economy

The Greek government plans to inject additional €10.67B to support the struggling economy, the Prime Minister Kyriakos Mitsotakis says.

Sun, 22 Mar 2020 13:33:01 GMT

Australia reserves $38.50B for economy support

The Australian government stated on Sunday that it would provide additional $38.50B to help the economy to overcome the consequences of coronavirus.

Sun, 22 Mar 2020 12:33:01 GMT

Amazon increases overtime pay

Amazon.com stated on Sunday that it has taken decision to increase overtime pay for its warehouse staff amid the rapidly growing demand caused by the coronavirus outbreak.

Sun, 22 Mar 2020 11:32:41 GMT

Renault wants to avoid renationalization

The Chairman of Renault Jean-Dominique Senard stated on Sunday that the company could ask the government for help to handle the impact of coronavirus, though renationalization was not considered.

Sun, 22 Mar 2020 10:33:56 GMT

Russia blames Gulf states for oil price fall

One of the senior Russian officials, Andrei Belousov, stated on Sunday that the Gulf countries were the ones to blame for rapid oil prices fall.

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.

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