The strict stay at home orders during the lockdown of France resulted in a 80 per cent drop in petrol consumption in the last 10 days of March as cars remained off the road because of the travel restrictions, said… Read More ›
Regulations & Legal
Qatar postpones $8 billion of un-awarded contracts for capex projects due to coronavirus
On Tuesday, Qatar’s ruler asked the government to delay $8.2 billion in unawarded contracts on capital expenditure projects due to the coronavirus outbreak. The outbreak is likely to negatively impact the Qatari economy and could lead to a recession, said… Read More ›
Coronavirus Conspiracy Theories In UK Sees 5G Cell Towers Being Torched
With the spread of conspiracy theories online that put link the spread of the coronavirus pandemic in the United Kingdom to 5G mobile technology, a number of cell towers in the country have been set on fire and engineers harassed…. Read More ›
Chinese Mask Makers Scramble To Make Most Of Growing Demand Amid Virus Pandemic
Chinese manufacturers of face masks are reportedly making huge profits as demand across the world rises among the healthcare workers and common people to try and fight the novel coronavirus. This rush to make masks has created a “madhouse” like… Read More ›
Singapore’s revises date of forex intervention operations, helps market players align with monetary policies
On Monday, the Monetary Authority of Singapore (MAS) stated it will commence disclosing its foreign exchange intervention operations in April in order to enhance the market’s understanding of its monetary policy position. In a statement, the MAS said, its net… Read More ›
Service Sector PMI In Japan Drops At Fastest Pace In March Since 2009 Financial Crisis
A sharp drop in demand because of the coronavirus pandemic and the restrictions put on business activities have cause a contraction in the services sector of Japan in March that was the fastest for any month since the global financial… Read More ›
Record Drop For UK Service Sector Activity In March Due To Virus Pandemic
The economic impact of the coronavirus pandemic is being felt by the services sector of Britain, which in March recorded a decline in activity at the fastest pace beer seen in more than the last two decades. A joint report… Read More ›
Trump invokes Defense Production Act to stop export of N95 masks
U.S. President Donald Trump has signed an order directing his administration to stop the export of N-95 face masks and other personal protective equipment which are essential in keeping the Wuhan Coronavirus at bay, from being exported to other countries…. Read More ›
Toshiba Corp applies for return to first section at Tokyo Stock Exchange
On Friday, Japan’s Toshiba Corp stated, it has filed an application to return to the Tokyo Stock Exchange’s first section. In 2017, Toshiba was relegated to the second section following a massive writedowns at its U.S. nuclear power business after… Read More ›
All Time Record For US Unemployment Benefit Claim Due To Coronavirus Pandemic
The number of Americans who filed for unemployment benefits hit a history high for the last week as more and more lose their jobs because of shutting down of business due to the conronavirus pandemic. The latest figures broke the… Read More ›
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