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After defeating the domestic Covid-19 epidemic, China’s focus is now shifted to restarting its virus-battered economy.
INVESTORS have been warned: the worst is yet to come.
BEIJING: China's central bank said Friday (April 3) it would cut the reserve requirements for smaller banks to release around 400 billion yuan (US$56.3bil) in liquidity, a move to counter the coronavirus impact on enterprises.
The outbreak of the Covid-19 (coronavirus) pandemic has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus.
BEIJING: China plans to revive its economy and further boost smaller businesses amid external uncertainty as the Covid-19 (coronavirus) outbreak continues to spread worldwide, according to the country's central bank on Friday (April 3).
KUALA LUMPUR: Hammer thrower Jackie Wong Siew Cheer, the first national athlete to fall victim to the Covid-19 outbreak, could be going home from the hospital tomorrow and he is keeping his fingers crossed.
CHINESE actress Fan Bingbing (pic) is expected to be compensated double what she paid for a villa which is being demolished by the government, reported Sin Chew Daily.
SHANGHAI: Vanguard Group and Ant Financial’s joint venture is rolling out a new robo adviser to target the Chinese fintech giant’s 900 million users, a first step in winning a slice of the nation’s fast growing asset management business.
Videoconferencing group Zoom pledged to step up privacy and safety controls after a series of complaints about the application which has surged in popularity during the coronavirus pandemic.
Fitness-tracking gadgets are selling out, home exercise classes have never been more popular and industrial robot designers are pivoting to making sanitation bots. The Covid-19 pandemic has triggered a seismic wave of health awareness and anxiety, which is energising a new category of virus-fighting tech.