Crisis austerity in oil-rich Gulf may test political balance
The coronavirus pandemic is hitting Gulf Arab economies hard and emboldening the region’s dynastic rulers to push through unpopular fiscal measures that will impact their…
Hong Kong can get US dollars from China if needed, Chan says
China’s central bank can provide U.S. dollars to back Hong Kong’s currency peg should the Trump administration impose sanctions on the territory, according to the…
Kenya’s oil project with Tullow ends with no investment plan
Tullow Oil Plc’s export and testing of Kenya’s crude under a pilot plan ended June 2, as timelines for development in the East African nation…
EU looks to Johnson to stop no-deal Brexit with talks stuck
The European Union will try to convince Boris Johnson to forge a compromise later this month in an attempt to stop the U.K. from breaking…
Taiwan dangles $335 million to woo foreign chipmakers
Taiwan’s cabinet plans to allocate more than NT$10 billion ($335 million) to entice foreign chipmakers to set up R&D facilities locally, people familiar with the…
Europe renews push to slash global tariffs on medical goods
The European Union is pressing for a global deal to eliminate tariffs on pharmaceuticals and medical supplies in an effort to guard against the kind…
Lion Air stops flying as curbs and virus tests deter passengers
Indonesia’s Lion Air said it is halting all flights indefinitely because of the impact coronavirus-related measures such as compulsory tests for passengers have had on…
Lufthansa plans far-reaching restructuring to repay bailout
Deutsche Lufthansa AG signaled it would make sweeping job cuts and sell off non-core units in order to repay a 9 billion-euro ($10 billion) coronavirus…
New shipping line boosts UAE’s options for food, medical imports
Abu Dhabi Ports Co. will start operating a new shipping company this month that could help the United Arab Emirates avoid disruptions to imports of…
Top Airbus A320neo buyer will add new jets to its fleet despite virus
IndiGo, India’s biggest airline, said it will keep adding new aircraft to its fleet even as it can’t give any firm guidance on future capacity…
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