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On Tuesday, an appeal by Amazon, Google, Pandora and Spotify that seeks to overturn the Copyright Royalty Board's 2018 decision to raise by 44% the royalties paid to songwriters by streaming services will come before the US Court of Appeals.
TOKYO: Japan’s economy shrank faster than initially estimated in the fourth quarter on a bigger decline in business spending, casting a deeper shadow over the outlook as the coronavirus hit production and heightened recession risks.
JAKARTA:The consumer confidence index in Indonesia edged down in February, but the consumers in the country remain optimistic about the economy, a survey by the Indonesian central bank showed on Monday (March 9). The Indonesian consumer confidence index slumped to 117.7 in February from 121.7 in January.
DUBAI: Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its Ooec+ alliance with Russia.
SINGAPORE: Saudi Arabia plans to boost oil output next month to well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. The world’s largest oil exporter engaged in an all-out price war on Sunday by slashing pricing for its crude by the most in more than 30 years.
PETALING JAYA: While the recent economic stimulus package is much lauded, the government should not only focus on the tourism industry but other industries as well, says Tan Sri Lee Lam Thye.
TOKYO: Japan’s services sector shrank at the fastest pace in nearly six years in February as a jolt from the coronavirus threatens to push the economy into recession, dashing hopes of a domestic-led recovery.
TOKYO: Bank of Japan Governor Haruhiko Kuroda on Wednesday said the coronavirus outbreak could inflict big damage on the economy, stressing the central bank's readiness to take "appropriate action" to underpin a fragile recovery.
PETALING JAYA: DRB-Hicom Bhd is slated to record better earnings this year, on the back of stronger sales volume from its subsidiary, Proton Holdings Bhd.
ROME: Italy will introduce this week measures worth 3.6 billion euros (US$3.5bil) to help the economy withstand the largest outbreak of coronavirus in Europe, Economy Minister Roberto Gualtieri said on Sunday (March 1).