Qatari media network Al Jazeera is announcing its plan to cut 50 jobs as a part of an optimization initiative. As a partly state-funded company, Al Jazeera is impacted by the slump in oil prices, which is the country’s main sector.
Country
Chinese economic revolution pushing demand for Australian economy
The growing Chinese demand is boosting Australia’s food, health, tourism and education sectors. The economy transitions in dragon country from infrastructure investment to consumption-led growth is showing up all over Australia.
US labour market gains propelled by robust consumer spending
US labour market is gaining grounds helped by robust consumer spending, despite poor profits among corporate giants. The country added more than 200,000 jobs per month, with an average recruitment totalling to 213,000 new jobs a month in the past four years.
Egypt Unveils Special Economic Program To Attract Foreign Investment
Last week, the Bank of Egypt has increased its benchmark rates following a devaluation of local currency by 10%. The moves are believed to be parts of measures taken by the government to address the shortage in foreign currency reserves. Now, the Egyptian government has announced on Sunday a new special program to secure foreign aid and investments.
European Authorities Are Evaluating Encryption Issues Following Brussels Attack
In the wake of Brussels attack, more European countries are considering making new policies that would legally require tech companies to hand over encrypted information when needed. That will affect tech companies around the world as Apple is pushing forward to fight back in the U.S. as well as in Europe.
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Retired U.S. Army General David Petraeus intervened on Brexit issue. He compelled voters to choose to stay in European Union for the sake of security and war on terror.
Nordic Business Council Philippines (NBCP) issued its 2016 annual report on Philippine and challenges in the trade and investment sectors. Meanwhile the Central Bank expected a strong growth in the economy.
It's a record for Shanghai Disneyland as its June 16 opening day tickets became sold out after a few hours of selling. Discounts await children, seniors and guests with disabilities including those who will purchase for a two-day event.
Chinese production sector has been witnessed to go through the weakest growth due to reduction in demands and historic low iron ore and crude oil prices. Following the stimulus measures adopted by the Chinese premier, the industrial profits have been revamped to record the highest growth during January and February since July 2014.
Investments in renewable energy soared high with China and India leading the emerging markets in their commitments in the wind and other related renewable sources. India, China and Brazil outstripped developed nations in 2015 renewable investments.
Indian Rupee sovereign bonds are favorite among some global funds. India's high performing debt fund managers are predicting further gains from sovereign bonds as benchmark notes heading towards their best March returns in 13 years.
Chancellor of Exchequer George Osborne in his latest budget has set a £100 million ($141 million) budget for research and development of autonomos vehicle. Driverless cars will be tested on the road next year.
CK Hutchison promise to extend coverage in the UK. European Commission are currently investigating whether to approve the acquisition or not.
Japanese economy has been witnessed to go through sluggish growth rate. To boost up the economic growth, Prime Minister Shinzo Abe has been planning for announcing a stimulus package of new spending measures. Meanwhile, a Nikkei Inc./ TV Tokyo conducted poll shows that support for Abe’s economic reforms has been witnessed to rise by 8% to 55%.
