China injects $7.1 bn into its banking system, cuts interest rates
The central bank reduced the interest rate on 7-day reverse repurchase agreements to 2.2% from 2.4%...
Category : Featured
South African Airways suspends all operations amid Coronavirus pandemic
The carrier has suspended both international and domestic flights until May 31...
LSE waives of registration fees for market makers to deal with coronavirus
The stock exchange also allowed companies listed on its market to defer payment of dividends for up to 30 days...
Singapore Airlines raises S$19 bn to survive the coronavirus crisis
The airlines’ biggest shareholder Temasek will underwrite the sale of shares and convertible bonds for up to S$15 bn...
Etihad Airways cuts staff and executives salaries up to 50%
This move will help the airline to cope with the negative impact of the coronavirus pandemic...
Africa uses mobile money to curb the spread of the coronavirus
Safaricom removed all fees from its mobile-money platform, M-Pesa...
UAE banks provide 98% of services digitally amid coronavirus outbreak
A study also revealed that digital banking users significantly increased to 90%...
Facebook eyes 10% stake in Indian telco Reliance Jio
Talks between the two parties have stalled due to the Covid-19 outbreak...
World Bank, IMF urge suspension of debt payments in poorest countries
Official bilateral creditors have been asked to provide immediate debt relief to IDA countries...
72 airlines cut capacity by 100% amid Coronavirus outbreak
85% of the global airlines have made capacity cuts of 60% or more as Covid-19 spreads...