People use a bank’s ATM in Barcelona, Spain. Agence France-Presse
Hotel bookings have fallen by as much as 40% in some areas of Spain, the country’s hotel federation said and flagged an overwhelming impact for the eurozone’s fourth largest economy as anxiety about the coronavirus outbreak takes hold.
The coronavirus death toll rose to 1,002 in Spain on Friday after 235 people died in 24 hours.
The jobless rate was up from 13.8 per cent in the previous quarter, its lowest level since the third quarter of 2008 but still the highest rate in the eurozone after Greece.
World stock markets ended the week on a low note on Friday in the face of almost unremitting bad news of rapidly-shrinking economic activity, highlighting the “devastating impact” coronavirus has had on the global economy, analysts said.
Japan and Britain signed a free trade agreement on Friday, the the first such major post-Brexit deal, reducing tariffs on goods as well as auto parts for Japan’s Nissan plant.
Dubai is an exceptional city where the infrastructure and high-quality logistics services are the best of its kind in the region, as well as the most advanced infrastructure communication and technology networks, which give Dubai a competitive edge.
AIM Digital, the first digital edition of the Annual Investment Meeting, the world’s leading investment platform, concluded on a high note as it showcased major activities highlighting its six pillars, namely, Foreign Direct Investment,