Business
Latest stories
Planned Egypt 'Coronavirus Tax' Sparks Online Criticism

Egypt's cabinet has preliminarily approved a bill that taxes one percent of citizens' salaries to cushion the impact of coronavirus on strained government finances, sparking online criticism.

W140 Full Story
China to Issue 3.75 tn Yuan ($526 bn) in Bonds to Boost Spending

Beijing will issue 3.75 trillion yuan ($526 billion) in special government bonds this year, said Premier Li Keqiang on Friday, in a bid to boost infrastructure spending in the virus-hit economy.

W140 Full Story
No Annual Growth Target for Virus-Hit China, a First in Years

China took the rare move of not setting an annual growth target this year after the coronavirus battered the world's second-largest economy and ravaged global growth, Premier Li Keqiang said Friday.

W140 Full Story
Asian Markets Swing as Uncertainty Tempers Reopenings

Asian markets fluctuated Thursday after rallying for much of the week, with any gains dragged by profit-taking while concerns over the long-term impact of the virus and worsening China-US relations added to the selling pressure.

W140 Full Story
Merkel Says Decision 'Soon' on Lufthansa State Rescue

German Chancellor Angela Merkel said Wednesday that a decision would come "soon" on a potential rescue program for coronavirus-stricken airline giant Lufthansa after weeks of talks.

W140 Full Story
Greece to Restart Tourism June 15, International Flights July 1

Greece will restart its tourism season on June 15 in a key boost to the economy after the virus lockdown, Prime Minister Kyriakos Mitsotakis said Wednesday, adding that international flights would resume on July 1.

"The tourism period begins June 15, when seasonal hotels can reopen, and direct international flights to our tourist destinations will gradually begin July 1," Mitsotakis said in a televised address.

W140 Full Story
VW Pulls 'Racist' Ad after Outcry

German car giant Volkswagen apologized Wednesday for an Instagram ad that showed a giant white hand pushing around a black person, after an online backlash slamming the clip as racist.

W140 Full Story
U.S. Risks 'Permanent Damage' from Extended Shutdown

The U.S. economy risks suffering "permanent damage" the longer the lockdown to contain the COVID-19 pandemic drags on, U.S. Treasury Secretary Steven Mnuchin said Tuesday.

W140 Full Story
Angola Picks Lebanese Group Africell as Fourth Telecoms Operator

Angola on Tuesday awarded the licence for its fourth telecoms network to Lebanese group Africell, as sub-Saharan Africa's second-biggest oil producer opens other economic sectors to foreign competition.

W140 Full Story
Renault-Nissan-Mitsubishi to Unveil Strategic Plan

Automakers Renault, Nissan and Mitsubishi have hinted that they may unveil a strategic plan next week to repair their troubled alliance as the coronavirus pandemic lashes the industry.

W140 Full Story