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Taiwan’s central bank (CB) has room for further interest rate cuts, governor Yang Chin-long said on Thursday, but he cautioned economic growth could be less than 1% this year due to the impact of the coronavirus pandemic.
Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia’s second largest economy into recession sooner than expected.
Japan’s economy slipped into recession for the first time in 4-1/2 years in the last quarter, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers.
After rolling out trillions of dollars in support for the US economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce.
The CoDi BOT UGV will be piloted during the current month throughout Abu Dhabi International Airport, including in staff areas and cargo facilities, as well as being used as part of cabin desterilisation processes on passenger aircraft.
Asia’s third largest economy is taking a huge hit from the ongoing nationwide lockdown, which started on March 25, and its gross domestic product is expected to shrink for the first time since the mid-1990s this quarter.
Factory activity was ravaged across the world in April, business surveys showed, and the outlook looked bleak as government lockdowns to contain the new coronavirus pandemic froze global production and slashed demand.
The global mega event will now run from Oct.1, 2021 to March 31, 2022, a delay that allows all participants to safely navigate the impact of COVID-19.
From the outset, European equities kicked lower on simmering US-China tensions with Frankfurt and Paris playing catch-up with London after a long holiday weekend.
Stock markets fell on Monday after reports of a pick-up in new coronavirus cases rattled investors, who worried that it could slow or reverse the loosening of lockdown measures.