Business

World Bank unveils $12 billion aid package to combat coronavirus

WASHINGTON, United States (AFP) -- The World Bank unveiled a $12 billion aid package on Tuesday that will provide fast-track…

G7 gears up to tackle coronavirus economic impact

by Richard LEIN PARIS, France (AFP) -- Group of Seven finance ministers and central bank chiefs were set to hold…

Asia markets mostly up as central banks prepare virus response

HONG KONG, China (AFP) -- Most Asian markets rose for a second day Tuesday following a blockbuster surge on Wall…

Italy faces recession as coronavirus hits economy

by Céline CORNU MILAN, Italy (AFP) -- Italy's economy performed woefully in 2019 and is set to do even worse…

OPEC to try to stem oil price plunge amid coronavirus slowdown

by Benoît PELEGRIN LONDON, United Kingdom (AFP) -- The OPEC club of oil-producing countries meets Thursday in Vienna as they…

Nokia CEO to step down, replaced by Fortum chief

HELSINKI, Finland (AFP) -- Nokia's chief executive officer Rajeev Suri will leave the telecom equipment provider in September and be…

Most Asia markets rise as bargain-hunting offsets virus fears

HONG KONG, China (AFP) -- Most Asian markets rose Monday as bargain-buyers moved in following last week's global rout, but…

Tokyo shares plunge on escalating virus fears

TOKYO, Japan (AFP) -- Tokyo shares tumbled on Friday, extending losses to a fifth day and tracking a global retreat…

Asian markets slammed again as virus fears cause global turmoil

HONG KONG, China (FP) -- Asian markets spiraled downwards on Friday, tracking a collapse in New York and Europe as…

Huawei to open European 5G factory in France

PARIS, France (AFP) -- Chinese telecom giant Huawei said Thursday that it would begin manufacturing radio equipment for next-generation 5G…

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