Chinese government proposes stablecoin for four Asian countries
The four countries are Japan, China, Hong Kong and Korea...
Tag : coronavirus
Thai Airways to let go more than 6000 employees
Cabinet decides to restructure the carrier as per the bankruptcy act...
STC Bahrain and NEC join hands to launch virtual prepaid Mastercard
The new facility will allow users carry out transactions in a much faster, safer and efficient way...
Saudi Arabia grants 348 licences in Q12020 to foreign investors
This is a 19% increase when compared to the same quarter in 2019...
Japan’s MUFG to close 40% of domestic branches by 2023
The bank plans to adopt more cost-cutting measures in response to the coronavirus crisis...
Adnoc Distribution’s app sees 9 mn contactless transactions
Adnoc provides four secure contactless payment options through its smart application, including Mobile Pay and RFID...
Hong Kong’s unemployment rate highest in over a decade at 5.2%
The underemployment rate hit 3.1%, the highest in more than 15 years...
KoinWorks secures $10 mn funding to help SMEs raise funds online
The funding round for KoinWorks was led by Lendable...
EgyptAir to receive $127.39 mn to weather coronavirus crisis
The government will support the carrier until it returns to 80% of its 2019 operation...
UK to witness a £300bn budget deficit in the current financial year
Government borrowing is equivalent to more than 15% of economic output...