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Thursday, July 9, 2020
INTERNATIONAL

INTERNATIONAL

Amazon pledges $2 billion to projects fighting climate change

AMAZON on Tuesday (23) pledged to invest $2 billion in projects aimed at combatting climate change, stepping up efforts to reduce the carbon footprint...

World to witness worst recession in 150 years due to Covid-19: World Bank

THE Covid-19 pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government...

Top supplier Malaysia sees no quick end to shortages in $8 billion gloves industry

A global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into next year, Malaysia, the world's biggest gloves...

COVID-19: EU to borrow $8.5 billion

THE European Commission on Wednesday (27) proposed borrowing €7.7 billion ($8.49 billion) on financial markets to fund extra spending on vaccines, drugs and healthcare...

Virus-hit Hertz declares bankruptcy in US and Canada

GLOBAL car rental company Hertz became the latest economic casualty of the coronavirus pandemic Friday, filing for bankruptcy in the US and Canada after...

‘Remainder of this year will be challenging’, says Mittal as ArcelorMittal reports $1.1 billion...

World's largest steelmaker ArcelorMittal on Thursday (7) reported a net loss of $1.1 billion for the first quarter ended 31 March, 2020, amid the...

Hinduja Group expects oil price to bounce back after COVID-19 crisis

THE Hinduja Group expects oil prices to bounce back to around $40-$50 a barrel once the COVID-19 crisis is over, though the prices will...

SAARC nations announce stimulus packages to protect economy from COVID-19

In a bid to protect the economy from COVID-19 pandemic, the South Asian Association for Regional Cooperation (SAARC) member nations have unveiled economic stimulus...

Novartis, US agree to malaria drug trial against COVID-19

SWISS drugmaker Novartis on Monday (20) reached an agreement with the US regulators to hold a randomised trial of generic malaria drug hydroxychloroquine against...

India’s Eros International merges with STX Entertainment

INDIAN movie producer and distributor Eros International, the holding company of the Lullas-promoted Eros Group, has merged with Hollywood's STX Entertainment in an all-share...