Honda’s global operations hit by cyber-attack Diplomat Editor Jun 9, 2020 Honda has said it is dealing with a cyber-attack that is impacting its operations around the world. "Honda can confirm that a…
Oil giant BP set to cut 10,000 jobs Diplomat Editor Jun 8, 2020 BP has announced plans to cut 10,000 jobs following a global slump in demand for oil because of the coronavirus crisis. The oil…
Huawei launches media blitz as UK weighs its role in 5G Diplomat Editor Jun 8, 2020 Huawei is launching a newspaper and internet campaign to mark 20 years of business in the UK. In an open letter to the public,…
Pandemic pushes US into official recession Diplomat Editor Jun 8, 2020 The economic downturn in the US triggered by the pandemic has been officially declared a recession. The National Bureau of…
German state plans €130bn economic boost Diplomat Editor Jun 6, 2020 The German government says it will provide a stimulus package worth €130bn (£116bn; $146bn) to kick-start the economy, stricken by…
Australia set for first recession in three decades Diplomat Editor Jun 4, 2020 Australia is set for its first recession in 29 years as the country feels the impact of the virus pandemic. Official figures…
EU: Unemployment rate rises to 6.6 percent Diplomat Editor Jun 3, 2020 About 397,000 people have lost their jobs in the European Union in April, raising the unemployment rate in the 27-country alliance…
Volkswagen to invest over $2bn in Chinese electric vehicle sector Diplomat Editor May 29, 2020 Volkswagen, the German car company, said Friday it will invest around €2 billion ($2.2 billion) in two Chinese companies in the…
NY Stock Exchange reopens as US closes in on 100,000 dead Diplomat Editor May 26, 2020 The trading floor of the New York Stock Exchange reopened in a largely symbolic step toward economic recovery, and stocks surged…
Lufthansa agrees €9bn rescue deal with Germany Diplomat Editor May 25, 2020 Lufthansa has agreed a rescue deal worth €9bn (£8bn) with the German government that saves it from collapse. The German airline…
World Bank warns 60m at risk of ‘extreme poverty’ Diplomat Editor May 20, 2020 Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass…
Coronavirus ‘could cost global economy $8.8tn’ Diplomat Editor May 15, 2020 The coronavirus pandemic could cost the global economy between $5.8tn and $8.8tn (£4.7tn-£7.1tn), according to Asian Development…
WTO head steps down a year early as downturn looms Diplomat Editor May 15, 2020 The head of the World Trade Organization has said he will step down a year earlier than planned, at a crucial moment for the…
Amazon to make face shields and sell at cost Diplomat Editor May 15, 2020 Amazon says it will produce hundreds of thousands of face shields for medics and sell them at cost price in the US. The…