Wednesday, April 8, 2020

Asia Business

Malaysia all-set to launch commercial third-party 5G technology

Malaysian prime minister Dr Mahathir Mohamad said that the preparations for the provision of 5G technology had been made last year, and the country is set to commence commercial operations in the third quarter of this year. "Fifth Generation Mobile...

Pakistani bourse echoed global stock markets, touches 17-month high levels

Pakistani bourse depicted a mixed trend during the outgoing week with the benchmark KSE-100 index witnessing some weakness at the beginning of the week amid rising conflict between Iran and the US. Sentiments further worsened mid-week given Iranian strike...

Turkey: Unemployment rate reaches 13.8 percent, up by 2.4 percent

The Turkish Statistics Center announced the Unemployment rate in September 2019, and based on these data, the unemployment rate reached 13.8%, up by 2.4% in September. The Turkish Statistics Center has announced in its figures that the rate of unemployed...

Chinese PMI climbs 50.2 points in November

Chinese Industries surprisingly grew again in November for the first time in seven months. The PMI, published by the Statistics Office on Saturday, climbed to 50.2 points. This is the highest value since March. From 50 points, growth is signaled....

BMW and Great Wall pushes electric car production plan in China

Automaker BMW and Great Wall push their plan for the production of electric cars especially in China. In the long term, around 160,000 electric vehicles from the BMW Mini and from Great Wall are to roll off the production...

Moscow wins best tourist destination in the world

The city of Moscow has won the World's Best Tourist Destination Award in a competition in which New York City, London, Paris, Sydney, Rio de Janeiro and Lisbon took part, Russia Network reported Thursday. "We have been awarded the most...

Microsoft: Four-week work program brings positive signs in Japan

Radical attempt of Microsoft in Japan for introducing a short four-week work has proven effective in boosting sales and savings. The radical idea was implemented by the US IT giant Microsoft in Japan, which has been working hard to close...

Dr Baqir: SBP to make one million new merchants in 2020

Dr Reza Baqir, the governor of the State Bank of Pakistan (SBP) announced on Friday that the central bank plans to make one million new merchants in 2020. A micro-payment gateway is in making which would provide facilities to...

Dr Mahathir: Malaysians are highly regarded in foreign countries

Malaysian Prime Minister Dr. Mahathir bin Mohamad said that the advantages of Malaysians working in foreign countries as professionals and having certain skills and abilities make them highly regarded. The prime minister said at this time many Malaysians working in...

China wants more talks before signing first phase of a trade deal with Trump

China is willing to hold talks at the end of October at the earliest to finalize the details of the first phase of a trade deal that US President Donald Trump has outlined before Chinese President Xi Jinping agrees...

Latest News

ExxonMobil Reduces 2020 Capex by 30%, Cash Opex by 15%; Maintains Long-Term Outlook

ExxonMobil said today it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by...

Russia begins clinical trials of Coronavirus drugs

The press service of the Russian Federal Biomedical Agency announced that clinical trials based on mefloquine, hydroxychloroquine and caledavir drugs for the treatment of...

Coronavirus: UK Premier transferred to intensive care

British Prime Minister Boris Johnson was transferred to intensive care tonight at St Thomas hospital after his condition deteriorated following his coronavirus hospitalization. This...

New York: 102,863 Coronavirus cases, escalating daily

New York Governor Andrew Como has announced that the number of Coronavirus cases in the state has risen to 102,863. He said: "New York is...

Pakistan: ABAD terms Construction Incentives as historic

Chairman Association of Builders and Developers of Pakistan (ABAD) Mohsin Sheikhani has termed the incentives announced by Prime Minister Imran Khan as a historic...