Passengers wear protective masks at the departure hall of a high speed train station in Hong Kong on Thursday. Associated Press
It was a very Black Monday for a very beleaguered nation, which is facing growing isolation as countries shun it. The coronavirus outbreak in China has not only taken a toll on human life, but also on the economy.
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves and both Europe and metals scoring their best day of the year so far.
The virus has spread from Wuhan around China to major population centres including Beijing, Shanghai, Macau and Hong Kong. Abroad, Thailand has confirmed four cases, while US, Taiwan, S.Korea and Japan have each reported one.
Sharjah Asset Management (SAM), the investment arm of the Sharjah government, has announced the launch of a new company through its partnership with the largest engineering consulting firm in Malaysia (CHSS).
The Dubai Financial Market (DFM) on Sunday announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday, July 7, 2020, with the strict implementation of precautionary measures for the safety of clients and employees.
Dubai’s ease of doing business is expected to improve further following the Dubai Chamber of Commerce and Industry’s announcement that it is cooperating with the Dubai Airport Freezone Authority (Dafza) to connect the digital services of both organisations.
India’s major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. According to analysts, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate.