The spread of the coronavirus in China and the resultant extension of the shutdown of some of the breweries in the country have forced Carlsberg A/S to forecast slower earnings growth. The company predicts a slump in beer consumption in… Read More ›
Economy & Finance
Extension Of Closure of Foxconn China Factories Could Hit iPhone Output For Apple: Reuters
In case of the temporary production halt at Foxconn’s Chinese factories because of the coronavirus outbreak into a second week could significantly impact the shipments to customers and there can be a a “big” production impact, impacting its customers including… Read More ›
Italian court orders ING to pay $33.17 million to settle money laundering probe: judicial source
On Tuesday, a court in Milan, ordered Dutch lender ING to pay $33.17 million (30 million euros) to settle a money-laundering case in Italy, said a judicial source. Judge Roberto Crepaldi imposed a penalty of 1 million euros on ING… Read More ›
Turkmenistan to build new city from scratch
On Tuesday, Turkmenistan stated, it will be importing equipment and materials worth $1.5 billion to build a new city from scratch. The project in the gas-rich Central Asian country is overseen by its President, Kurbanguly Berdymukhamedov’s son. The move is… Read More ›
China seeking flexibility on its Phase-1 trade deal purchase commitments: sources
With China’s coronavirus threatening to put the brakes on China’s recovering economy, Chinese officials are hoping the U.S. will agree to some flexibility on its pledges in the recently signed phase-1 trade deal, said sources familiar with the situation at… Read More ›
Coronavirus jolts China’s economy, triggers rethink on wide economic spectrum
With the China’s coronavirus showing no signs of slowing down, Beijing is preparing to take steps to adjust to a slower rate of economic growth with officials pondering whether economic growth targets for 2020 should be softened. According to sources… Read More ›
EU-Britain trade deal will encapsulate financial services, fisheries, energy and trade in goods: EU Commissioner
On Monday, Ursula von der Leyen, the head of the European Commission stated, any agreement on the European Union’s future relationship with Britain will contain details on financial services, fisheries, energy and trade in goods. “It’s all outlined in the… Read More ›
Chinese tech companies continue to hum despite coronavirus pandemic
On Monday, Huawei Technologies Co Ltd stated, production at its consumer devices and carrier equipment divisions have resumed and are working normally. Huawei is among other Chinese tech companies who are continuing to keep their factories running despite the Chinese… Read More ›
Economic impact of coronavirus grips Chinese market
On Monday, China’s commodity and stock markets fell steeply in the first trading session after an extended Lunar New Year break, with investors dumping risky assets in response to heightened fears over the outbreak of the coronavirus across China. The… Read More ›
Shrinking Of French And Italian GDPs Push Eurozone Growth Close To Stalling
In the last quarter of 2019, the economies of France and Italy unexpectedly shrank, which slowed down the growth rate of the entire eurozone – which now is close to stalling, shows latest data. According to the European Union statistics… Read More ›
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