India reported more than 40,000 new cases of the coronavirus on Monday, a record high for the country. The 40,425 new cases raised India's total to 1,118,043, including 27,497 deaths. The ministry ... ( read original story ...)
Shanghai stocks jump more than 2% as China keeps benchmark lending rate unchanged
China kept both its one-year and five-year loan prime rate unchanged as its economy continued to recover after reopening following the coronavirus crisis. ( read original story ...)
Asia Today: Outbreak in northwest China spreads to 2nd city
China’s latest coronavirus outbreak has spread to a second city in the northwestern region of Xinjiang. One of the 17 new cases reported on Monday was in the ancient ... ( read original story ...)
China’s EV startup Xpeng pulls in $500 million Series C+
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China's ... ( read original story ...)
China blows up dam on Yangtze river tributary to ease flooding
Explosives used to destroy Chu river dam in central Anhui province in bid to bring water levels down Associated Press Buildings submerged in flood waters of Shijiu Lake on Sunday in Nanjing, Jiangsu ... ( read original story ...)
Coronavirus: China’s cinemas start to reopen after shutdowns
China's cinemas were hit hard by the shutdown that started in January, with many already forced out of business. Cinemas that reopen will be subject to a strict set of rules, including screenings ... ( read original story ...)
Geopolitical tension between Australia and China is a top risk for businesses
Despite existing concerns over bilateral tensions, Australian companies in China are focused at the moment on recovery from the coronavirus pandemic, says Nick Coyle, CEO and executive director at the ... ( read original story ...)
UAE- Khaleej Times to host virtual summit for finance, accounting
Khaleej Times has announced its next virtual summit, New-Age Finance and Accounting Summit , exclusively for the finance and accounting industry in the region. The two-day virtual event will take ... ( read original story ...)
UAE- Obaid Al Tayer participates in 3rd meeting of G20 Finance Ministers and Central Bank Governors
DUBAI, 19th July, 2020 (WAM) -- Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, participated in the third regular meeting of the Group of Twenty, G20, Finance Ministers and Central ... ( read original story ...)
The Forgotten Conflict That Is Threatening Energy Markets
The decades-old conflict between Armenia and Azerbaijan was reignited last week, a development that could have serious consequences for global energy markets ... ( read original story ...)