News

Note: This section contains information in English only.
Tue, 21 Apr 2020 04:27:37 GMT

US restaurants request more aid

On Monday, US restaurants asked the US Congress for additional financial stimulus, as the industry expects a loss of $240 billion.

Tue, 21 Apr 2020 03:03:41 GMT

Wall Street drops on Monday

As the US trading session ended on Monday, stock indices declined sharply, as they were pushed down by the losses in energy stocks that were caused by negative oil prices.

Mon, 20 Apr 2020 21:09:34 GMT

Oil prices become negative

On Monday, as US crude oil futures expired a frenzy selling occurred. Crude oil prices reached negative $40 level for the first time in history.

Mon, 20 Apr 2020 19:52:00 GMT

Beijing economy contracts

Beijing's regional economy contracted to $105.5B in the first quarter of 2020, a decline of 6.6% from the same period the prior year, local authorities say.

Mon, 20 Apr 2020 19:01:56 GMT

Egypt tourism industry faces grim period

The Egyptian tourism sector faces a grim period amid the coronavirus outbreak, the Egyptian Minister of Tourism and Antiquities Khaled al-Anany says.

Mon, 20 Apr 2020 17:12:51 GMT

Japan increases aid package to $1.08T

The Japanese government increased an emergency package to $1.08T to help mitigate the consequences of the novel coronavirus, the Japanese Prime Minister Shinzo Abe says.

Mon, 20 Apr 2020 16:11:29 GMT

Fitch cuts India growth forecast

The credit rating agency Fitch on Monday slashed India's growth forecast to 1.8% for the current financial year from a previous estimate of 4.6%, a statement from the company shows.

Mon, 20 Apr 2020 15:28:50 GMT

Norwegian Air starts layoffs

The Norwegian budget carrier, Norwegian Air Shuttle, plans to lay off around 1,571 pilots and 3,134 cabin attendants, a statement published by the company shows.

Mon, 20 Apr 2020 13:48:21 GMT

China invests in Caofeidian

The Chinese government revealed on Monday that it would build a new $7 billion turnover commodity trading center in Caofeidian.

Mon, 20 Apr 2020 12:55:49 GMT

Branson comments on Virgin Atlantic

On Monday, the founder of Virgin Atlantic Richard Branson revealed that the airline could survive only with the help of the UK government.

Mon, 20 Apr 2020 11:48:06 GMT

European trade surplus grows

Data published on Monday revealed that due to a decline in Chinese imports Euro Zone's trade surplus had increased.

Mon, 20 Apr 2020 10:50:43 GMT

Crude oil prices fall

During Monday's European trading hours, crude oil price benchmarks reached a low level not seen since March 1999.

Mon, 20 Apr 2020 10:24:13 GMT

European stock prices surge

On Monday, stock indices in Europe surged, as stocks were boosted by gains in healthcare stocks.

Mon, 20 Apr 2020 09:18:45 GMT

UK secures 25M protective medical clothing from China

Oliver Dowden, the UK Culture Minister, said on Monday that the United Kingdom has secured 25M protective medical clothing from China.

Mon, 20 Apr 2020 08:12:58 GMT

VA plans to enter voluntary administration

According to the SMH newspaper report, published on Monday, Virgin Australia Airlines is planning to go into voluntary administration.

Mon, 20 Apr 2020 07:35:10 GMT

New Aston Martin CEO to focus on SUV production

Aston Martin will shift its focus to reviving the production of a sport utility vehicle, the carmaker's new Chief Executive Lawrence Stroll stated on Monday.

Mon, 20 Apr 2020 05:08:01 GMT

Japan to issue $240B worth bonds

The Japanese government is planning to issue bonds worth $240B as a part of additional economy support measures.

Mon, 20 Apr 2020 04:18:31 GMT

Japan's aid increased to $1.08B

According to a draft bill, Japanese authorities decided to increase financial assistance package from ¥108.2T to ¥117.1T.

Mon, 20 Apr 2020 02:47:36 GMT

Amazon to prolong France's warehouses closure

Amazon.com announced on Sunday that it would extend the closure of its warehouses in France until April 22 after a dispute with the French unions over hygienic conditions.

Mon, 20 Apr 2020 01:50:16 GMT

Neiman Marcus plans to seek bankruptcy protection

According to sources with knowledge of the matter, Neiman Marcus is planning to file for bankruptcy within the coming days.

Sun, 19 Apr 2020 19:42:57 GMT

Facebook to present gaming app

According to the New York Times, Facebook Inc is planning to launch on Monday a game streaming mobile application.

Sun, 19 Apr 2020 19:33:35 GMT

US legislators call to help media

A number of the US legislators stated on Sunday that assistance from the government should be expanded to local broadcasters and newspapers.

Sun, 19 Apr 2020 18:34:38 GMT

Neiman Marcus to announce bankruptcy

According to sources familiar with the matter, the US department store operator, Neiman Marcus, is planning to file for bankruptcy this week.

Sun, 19 Apr 2020 17:34:38 GMT

G20 discusses coronavirus

On Sunday, the G20 health ministers held an e-meeting at which they discussed measures to be taken to contain the coronavirus outbreak.

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