On Friday, in a statement, the Tokyo metropolitan government disclosed, it will postpone the opening ceremony of the Olympic aquatics center because of the Wuhan coronavirus. The opening ceremony was scheduled for March 22, said Tokyo.
China
Pharma industry could be nationalized to localize supply chain: German Economy Minister
On Friday German news magazine Der Spiegel reported German Economy Minister Peter Altmaier as saying, he wants to support pharmaceuticals companies that are dependent for key reagents on imports from Asia in order to rebuild their production sites in Europe…. Read More ›
Global tourism industry may shrink by 25%, 50M jobs at stake due to Coronavirus: World Travel and Tourism Council
On Friday, in a statement the World Travel and Tourism Council said, according to its estimated, China’s coronavirus which has gone pandemic is likely to place 50 million jobs in the global travel and tourism sector at risk; it foresees… Read More ›
60% of small and medium firms and 95% of large firms have resumed work: China’s vice industry minister
On Friday, China’s vice industry minister Xin Guobin stated, the majority of factories which are located outside of Hubei province, which has China’s only level 4 bio safety lab which is also the epicenter of the coronavirus outbreak, have resumed… Read More ›
SoftBank Group will start share buyback program from Monday
On Friday, in a statement SoftBank Group Corp stated, it will be buying up to 7% of its shares for as much as $4.77 billion (500 billion yen). The buyback program, which will commence from Monday will continue over a… Read More ›
U.S. response to coronavirus – payroll tax cuts, extension of tax deadline on the table: U.S. Senate Finance Committee Chairman Chuck Grassley
With WHO finally classifying China’s coronavirus as pandemic, U.S. Senate Finance Committee Chairman Chuck Grassley stated, a payroll tax cut was among the options being tabled to offset the economic impact of the coronavirus. “If you’re going to negotiate in… Read More ›
U.S. Administration looking at CalPERS holding in Chinese defense firms: U.S. national security adviser
The U.S. Administration is “looking at” investments made by the California Public Employees’ Retirement System (CalPERS) in Chinese military companies, said U.S. national security adviser Robert O’Brien. O’Brien’s comments come midst U.S. charges of massive Chinese espionage in the United… Read More ›
CME Group closes trading floor on coronavirus concerns
Exchange operator CME Group Inc stated, it would close its Chicago trading floor after business hours on Friday in order to reduce potential exposure to China’s coronavirus which has gone pandemic. China’s coronavirus, which began in Wuhan where Beijing has… Read More ›
Saudi Arabia’s price war on crude prices aims to punish Russia for not adhering to OPEC+ production cuts
On Monday, oil prices fell by nearly 30% after Saudi Arabia slashed oil prices and set plans for a significant increase in crude production from April. Following the Saudi move, oil prices fell by as much as a third after… Read More ›
Passenger airlines industry could lose up to $113 billion revenues in 2020 because of Coronavirus: IATA
On Monday, in a statement the Airports Council International (ACI) Asia-Pacific stated, airport passenger traffic in the Asia-Pacific region is likely to shrink by 24% due to China’s coronavirus, thus causing a loss of $3 billion in airport revenues. Cancellation… Read More ›
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