News

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Sun, 08 Mar 2020 17:00:21 GMT

China oil, petrochemical sector shows revenue growth

China's oil and petrochemical sector has shown revenue growth despite a decline in net profit, the China Petroleum and Chemical Industry Federation reports.

Sun, 08 Mar 2020 15:59:18 GMT

Egypt, Sudan to improve relations

The Egyptian President Abdel-Fattah al-Sisi and the Chairman of Sudan's Sovereign Council Abdel Fattah al-Burhan have agreed to improve bilateral relations.

Sun, 08 Mar 2020 15:30:50 GMT

Israel, US to invest $30M in R&D projects

Israel and the US plan to invest a total of around $30M in several energy R&D projects, a statement published by the Israeli Ministry of Energy shows.

Sun, 08 Mar 2020 14:02:46 GMT

Morocco, Liberia to strengthen ties

The Liberian Minister of Foreign Affairs Gbehzohngar Findley and his Moroccan counterpart Nasser Bourita have agreed to strengthen bilateral relations.

Sun, 08 Mar 2020 12:45:40 GMT

IranAir halts all flights to EU destinations

IranAir has suspended all flights to Europe until further notice, the IRNA news outlet announced on Sunday, potentially due to the coronavirus outbreak in the country.

Sun, 08 Mar 2020 11:42:55 GMT

IKEA to resume nine store operations in China

IKEA, the world's largest furniture brand, announced it was reopening nine Chinese stores this weekend, following a massive shutdown of all of its 30 stores in China in January amid the coronavirus outbreak.

Sun, 08 Mar 2020 11:14:05 GMT

Israel to spend $1.2B to tackle coronavirus consequences

The Prime Minister of Israel Benjamin Netanyahu announced on Sunday that the government would establish a $1.2B fund that would help local companies to overcome the consequences of coronavirus.

Sun, 08 Mar 2020 10:09:02 GMT

Uber to compensate for coronavirus

Uber Technologies stated on Saturday it would offer compensation to its employees diagnosed with coronavirus or those who were placed in quarantine for two weeks.

Sun, 08 Mar 2020 09:04:44 GMT

Sunak wants to ease spending limits

According to the Sunday Telegraph, the British Minister of Finance Rishi Sunak was considering changes to budget regulations in order to increase spending.

Sun, 08 Mar 2020 07:38:07 GMT

UK to announce levy on banks to tackle money laundering

Britain is seen to announce soon a levy on banks and companies, seeking to raise about £100M to tackle money laundering, the government stated on Saturday.

Sun, 08 Mar 2020 06:46:59 GMT

LyondellBasell finalises $2.6 billion China petrochemicals joint venture

LyondellBasell Industries, the chemical and plastics company, announced it had inked "definitive agreements" with Liaoning Bora Enterprise Group, the Chinese refiner, on a $2.6B joint venture aiming to produce petrochemicals in the Asian country.

Sun, 08 Mar 2020 04:46:13 GMT

Austria's OMV in talks over $4.7B purchase of Borealis stake

Austria's oil group OMV is planning a stake increase in Borealis, the plastics maker, to 75% in the potential deal valued at $4.7B, OMV announced.

Sun, 08 Mar 2020 04:14:51 GMT

India's SBI has to invest $331M in Yes Bank rescue

On Saturday, State Bank of India stated it would have to invest $331M to acquire a stake of 49% in the private sector bank Yes Bank on the back of its rescue deal for struggling lender.

Sun, 08 Mar 2020 00:33:54 GMT

Intesa Sanpaolo files takeover offer document for UBI

Intesa Sanpaolo, Italy's biggest retail bank, filed the offer document with the market regulator Consob for its unsolicited takeover of smaller competitor UBI Banca.

Sat, 07 Mar 2020 21:37:07 GMT

Biden calls for unity

The US Democratic presidential candidate Joe Biden visited Midwest on Saturday and called members of his party for unity.

Sat, 07 Mar 2020 20:37:36 GMT

Venezuela detains PDVSA employees

The Interior Minister of Venezuela Nestor Reverol stated on Saturday that authorities have arrested 38 PDVSA employees accusing them of fuel trafficking.

Sat, 07 Mar 2020 19:01:22 GMT

Wages in Czech Republic rise

Wages in the Czech Republic increased by 7.1% in 2019 from the prior year, data published by the Czech Statistical Office show.

Sat, 07 Mar 2020 17:04:21 GMT

Canada jobless rate rises

The unemployment rate in Canada increased by 0.1% to 5.6% in February from the prior month, data published by the Statistics Canada show.

Sat, 07 Mar 2020 16:00:42 GMT

China forex reserves $3.1067T

China's foreign exchange reserves declined to $3.1067T by $1.2B from the beginning of 2020, the State Administration of Foreign Exchange reports.

Sat, 07 Mar 2020 15:15:55 GMT

China promises to accelerate 5G development

China plans to accelerate introduction of 5G technology across the country, despite the coronavirus outbreak, the Vice Minister of industry and information technology Chen Zhaoxiong says.

Sat, 07 Mar 2020 14:15:56 GMT

Uzbekistan plans to join EAEU as observer

Uzbekistan wants to join the Eurasian Economic Union as an observer state, a statement released by the Uzbek government shows.

Sat, 07 Mar 2020 13:00:13 GMT

China foreign trade declines

China's foreign trade declined 11% in the first two months of 2020 to $592B, compared to the same period the prior year, amid disruptions caused by the coronavirus outbreak, the General Administration of Customs reports.

Sat, 07 Mar 2020 12:23:30 GMT

Myanmar approves new investment

The Myanmar Investment Commission gave a green light to several local and foreign companies to operate in Myanmar which is estimated to create over 2,600 jobs.

Sat, 07 Mar 2020 11:33:15 GMT

Democrats to campaign in Midwest

Bernie Sanders and Joe Biden, the US Democratic presidential candidates, are planning to campaign in Michigan and Missouri this weekend.

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