Virus fears keep pressure on Asian stocks

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As the number of new coronavirus cases and deaths jumped to new highs around the world on Thursday, investors in most larger Asian stock markets headed for the exits again, sending key indices lower. The rising death toll coupled with a grim…

Coronavirus: Millions will be left in poverty, World Bank warns

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The financial impact of coronavirus will stop almost 24 million people from escaping poverty in East Asia and the Pacific, according to the World Bank. It says “significant economic pain seems unavoidable in all countries”. The World…

G20 leaders pledge $5 trillion to tackle coronavirus pandemic

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(Riyadh) - G20 nations pledged a "united front" in the battle against the coronavirus pandemic, pledging they were injecting $5 trillion into the global economy to tackle the pandemic amid forecasts of a deep recession. US President Donald…

BMW aims to reduce CO2 output by 20% in 2020

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German high-end car-maker BMW aims to slash the amount of carbon dioxide (CO2) emitted by its cars sold in Europe this year by 20 percent, its chief executive said. The pledge comes as new European Union regulations bite this year, requiring…

Emirates SkyCargo wins special recognition in Malaysia

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(Kuala Lumpur) - Emirates SkyCargo, the freight division of Emirates, was presented with the award for ‘Best Customer Airline 2018’ by the ground handling division of MAB Kargo for having transported the largest volume of air cargo from…

Lagarde resigns as IMF chief

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(Washington) - International Monetary Fund chief Christine Lagarde announced she had submitted her resignation from the global lender. She said she had more clarity about her nomination to be the next head of the European Central Bank, ECB,…

Alibaba founder Jack Ma to step down in 2019

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(Shanghai) - Alibaba co-founder Jack Ma announced he would step down as leader of the pioneering Chinese e-commerce giant in one year, but insisted that a planned leadership transition would not break the company’s stride. Ma will stay…
Sheikh Mohammed bin Rashid

Come and see the real Dubai: Sheikh Mohammed

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(Dubai) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, during an interview with Wang Liwen and media team of Beijing Youth Newspaper has stressed the need to strengthen…