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DAMIETTA, Egypt (Reuters) - Egypt has built a multi-billion-pound "furniture city" near the mouth of the Nile, a pilot for a series of industry mega-hubs it wants to throw up across the nation, but it could face a struggle to populate it.
The coronavirus epidemic is exposing the dichotomy of the world’s second largest tech economy. Chinese businesses like Alibaba and Meituan with outsized footprints in the material world are rushing to contain the fallout while virtual denizens ByteDance Inc and Tencent Holdings Ltd ride a surge in social media and entertainment.
BEIJING: President Xi Jinping set out eight requirements at a key meeting held on Sunday (Feb 23), including taking more targeted tax-cut measures and stabilising employment, to resume the nation's economic activities in an orderly way.
SYDNEY: U.S. equity futures sank with Asian shares and gold surged after the number of Covid-19 coronavirus cases outside of China increased and concern grew that global economic growth could take a more sustained hit.
Thwarting the sale of “illegal” Android boxes is paramount to rejuvenating the entertainment industry, and stemming the loss of billions of ringgit and thousands of jobs.
HSBC said last August it will appoint a new CEO within six to twelve months following the shock ouster of John Flint, with his interim replacement Noel Quinn the internal candidate and favorite for the role.
SHANGHAI: Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There are also other creditors to think about.
KUCHING: KKB Engineering Bhd has approved RM15mil in capital expenditure (capex) this year to fund further capacity expansion of its steel fabrication yard at Jalan Bako here to undertake major onshore fabrication jobs for the oil and gas (O&G) industry.
GEORGE TOWN: IJM Land Bhd’s construction subsidiary, Jurutama Sdn Bhd, is set to develop the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge.
PARIS (Reuters) - Former French prime minister Francois Fillon and his wife Penelope go on trial on Monday over a fake jobs scandal that wrecked his 2017 run for president and opened the Elysee Palace door for Emmanuel Macron.