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Archive

World

Wednesday, March 25, 2020

Surveys show coronavirus pandemic savaging global economy
World

Surveys show coronavirus pandemic savaging global economy

Business activity collapsed from Australia, Japan and Western Europe to the United States at a record pace in March as measures to contain the coronavirus pandemic hammer the world economy, cementing economists' predictions of a global recession.
Published 25 Mar, 2020 12:00am
Bombardier shuts Canadian assembly lines
World

Bombardier shuts Canadian assembly lines

Bombardier said Tuesday it will halt its aircraft and trains assembly lines in Canada after Quebec and Ontario ordered all non-essential businesses shut to stem the coronavirus pandemic. The measure was to take effect at 11:59 pm (0359 GMT Wednesday) and
Published 25 Mar, 2020 12:00am
Disney launches reduced-bandwidth streaming in 7 European countries
World

Disney launches reduced-bandwidth streaming in 7 European countries

The Walt Disney Company said Tuesday that it had rolled out its Disney+ streaming service in seven European countries, but had reduced bandwidth - and hence output quality - because of the heavy demand on network infrastructure during the coronavirus cris
Published 25 Mar, 2020 12:00am
EU finance ministers split on coronavirus rescue plan
World

EU finance ministers split on coronavirus rescue plan

EU finance ministers on Tuesday will discuss special crisis measures to help European countries withstand the economic shock of the coronavirus outbreak, but powerful Germany is cautioning against unreasonable expectations.
Published 25 Mar, 2020 12:00am
Boeing CEO sees fresh demand in China for planes
World

Boeing CEO sees fresh demand in China for planes

Boeing has begun talks with China over new plane orders as the country emerges from the economic shutdown caused by the coronavirus, Boeing Chief Executive David Calhoun said Tuesday. "Already China's returning," Calhoun said in an interview on CNBC that
Published 25 Mar, 2020 12:00am
UK chemicals giant Ineos to make hand sanitiser
World

UK chemicals giant Ineos to make hand sanitiser

British chemicals giant Ineos will produce over a million bottles of hand sanitiser monthly to meet chronic shortages of the product crucially needed to tackle the coronavirus pandemic, it said Tuesday. It follows similar moves by makers of alcoholic drin
Published 25 Mar, 2020 12:00am
More than 2.6 billion worldwide told to observe lockdowns
World

More than 2.6 billion worldwide told to observe lockdowns

More than 2.6 billion people worldwide will be in lockdown once India introduces its measures to fight the coronavirus pandemic at 1830 GMT on Tuesday, according to an AFP tally. The figure represents more than one-third of a global population the United
Published 25 Mar, 2020 12:00am
Spain seeks NATO help
World

Spain seeks NATO help

Spain's armed forces on Tuesday asked NATO for humanitarian assistance to fight the novel coronavirus as the national death toll touched 2,700 and infections soared towards 40,000. With the pandemic spreading across the world, Spain has been one of the wo
Published 25 Mar, 2020 12:00am