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Gulf economies suffer as coronavirus hurts oil, trade

DUBAI: Gulf economies will grow at a slower pace than estimated this year, as the coronavirus hurts oil demand, trade and tourism, Standard Chartered PLC said.

HK unveils US$1,284 cash handout to aid economy

HONG KONG: Hong Kong’s embattled government unveiled a budget packed with giveaways including a one-time cash handout, as the city struggles to stabilise an economy battered by political unrest and the coronavirus.

HKEX 2019 profit up, coronavirus renews uncertainty

HONG KONG: Hong Kong Exchanges and Clearing Ltd (HKEX) warned the coronavirus outbreak had brought renewed uncertainty to its business, as it shrugged off political turmoil at home and abroad to post a small rise in annual profit on Wednesday.

Thai factory output falls for ninth month

BANGKOK: Thailand’s manufacturing production index (MPI) contracted for a ninth straight month in January, down 4.59% from a year earlier, on lower production of cars, sugar and palm oil, the industry ministry said.

Peugeot maker sees shrinking Europe market after good 2019

PARIS: Peugeot maker PSA Group has turned more pessimistic about the outlook for the car industry this year, predicting a decline in the European and Russian auto markets following record results in 2019.

Coronavirus is new Disney CEO’s first challenge

HONG KONG: Walt Disney Co chief executive officer (CEO) Bob Chapek is taking the helm at a perilous time for the company in China.