India's Gross Domestic Product (GDP) will shrink 4.5 percent in the current fiscal year, the Union Finance Ministry said in its macroeconomic report. In its report, the Department ... ( read original story ...)
Coal India workers strike cuts output by 56% – official
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a senior company official told Reuters. The world's ... ( read original story ...)
Lockdown cuts India’s April tea output by 54% y/y
India's April tea output fell 54% from a year earlier to 39.02 million kilograms (kg) as restrictions to curb the spread of the novel coronavirus reduced plucking in the top producing north-eastern ... ( read original story ...)
Aye Finance raises Rs 125 cr from Germany-based investor
Aye has raised over Rs 690 core in equity and over Rs 2,000 crore in debt through various debt instruments till date. ( read original story ...)
Greater China First-Half Offshore Loans Drop 25% Amid Pandemic
Offshore loan volumes in the Greater China region tumbled by a quarter in the first half of the year to the lowest level since late 2016 as companies borrowed less in the wake of the coronavirus ... ( read original story ...)
China rally triggers gains in European cyclical stocks
European STOXX 600 climbed 1.6%, as stocks exposed to China, including carmakers , industrials , energy firms and luxury goods makers, gained strongly. China's blue-chip index jumped over 5%, as inves ... ( read original story ...)
Hong Kong Security Law: Pro-Democracy Books Removed From Libraries
Authorities are removing books from the shelves of Hong Kong public libraries. At least nine books have become unavailable or marked as "under review". ( read original story ...)
Great Place to Work releases its 5th annual list of Best Workplaces in Hong Kong
Great Place to Work®, the global authority on workplace culture, announces the Best Workplaces in Hong Kong™ 2020. ( read original story ...)
Bahrain’s Al Waha invests in UAE venture capital firm
Bahrain’s Al Waha, which seeks to invest in venture capital funds, has become one of the first Fund of Funds to make a substantial investment in the Bedaya Fund I of UAE-based seed-stage venture ... ( read original story ...)
Kuwait is locked in a heated debate over Future Generations Fund
Image Credit: Gulf News Archive Kuwait City: Kuwait, one of the world's wealthiest countries, is in a budget crunch so severe that it may have to soon begin leaning on a fund intended to prepare ... ( read original story ...)