Tag: trade

  • U.S.-China trade: What happened, and what’s next

    U.S.-China trade: What happened, and what’s next

    Souring U.S.-China trade talks have dragged down global stock markets. Here’s what to expect.
    U.S.-China trade: What happened, and what’s next
    Read More
    https://investornews.vanguard/u-s-china-trade-what-happened-and-whats-next/

    Views: 0

  • Former Google engineer agrees to plead guilty to secrets theft

    Former Google engineer agrees to plead guilty to secrets theft

    A former Google star engineer charged with stealing trade secrets from its self-driving car program has agreed to plead guilty in a deal with prosecutors, according to court documents filed Thursday.

    Read More
    https://techxplore.com/news/2020-03-google-guilty-secrets-theft.html

    Views: 0

  • Mideast airlines lose $7B as airports shut to combat virus

    Mideast airlines lose $7B as airports shut to combat virus

    Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry’s largest trade association announced Thursday that airlines in the region have already lost more than $7 billion in revenue.

    Read More
    https://techxplore.com/news/2020-03-mideast-airlines-7b-airports-combat.html

    Views: 0

  • PN govt faces difficult economic situation, says Saifuddin Nasution

    PN govt faces difficult economic situation, says Saifuddin Nasution

    PN govt faces difficult economic situation, says Saifuddin Nasution 2

    PETALING JAYA: The government may face an uphill task trying to recover the country’s economy due to the impact of the Covid-19 pandemic.

    Former Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution (pix) pointed out that the previous Pakatan Harapan administration had based the country’s 2020 Budget on the crude oil price of US$62 (RM269) per barrel.

    However, he noted that the global virus outbreak has caused oil price to plummet by half to around US$30 (RM130) per barrel.

    Saifuddin said this, coupled with the expected tax collection when the budget was announced in October, meant the government’s revenue could be far below than initially predicted.

    “Basing on the oil price alone, we could lose about RM10 billion in potential revenue. This does not yet include incomes from the various other sectors.

    “Based on my experience being in the Cabinet, I would say that the government’s financial situation now is very complicated,” he told a press conference that was streamed on Facebook today.

    Saifuddin was asked to comment if he believed the government has the financial strength to provide RM600 for up to six months to any Malaysian forced to go on unpaid leave due to Covid-19, as announced by Prime Minister Tan Sri Muhyiddin Yassin.

    The PKR secretary-general said the financial assistance would only make up a small portion of the government’s spending, reminding the current Perikatan Nasional (PN) administration that it still has debt commitments.

    “If they don’t pay according to schedule, it will affect our country’s position from various ratings agencies.

    “We may still be able to take up loans in the future, but then we will have to pay a higher interest rate,” he said.

    PN govt faces difficult economic situation, says Saifuddin Nasution
    Read More
    https://www.thesundaily.my/local/pn-govt-faces-difficult-economic-situation-says-saifuddin-nasution-BC2141164

    Views: 0

  • What to do when markets sell off

    What to do when markets sell off

    How investors can respond to U.S.-China trade-related market volatility.
    What to do when markets sell off
    Read More
    https://investornews.vanguard/what-to-do-when-markets-sell-off/

    Views: 0

  • Nationwide movement restriction measures to begin on Wednesday (Updated)

    Nationwide movement restriction measures to begin on Wednesday (Updated)

    Nationwide movement restriction measures to begin on Wednesday (Updated) 3

    PETALING JAYA: Prime Minister Tan Sri Muhyiddin Yassin has declared that Malaysia will be placed under a nationwide movement restriction order from Wednesday (March 18) to March 31, 2020, due to the Covid-19 outbreak.

    The order, the first in the country’s history, was announced by the prime minister in a live broadcast over national television tonight.

    A total of 315 new positive cases of Covid-19 have been reported over the past two days, bringing the total in Malaysia to 553 cases.

    Of this total, 511 have been hospitalised while 42 people have recovered.

    Muhyiddin said the nationwide movement restriction order means that all business premises have to be shut down, except for outlets such as supermarkets and grocery stores selling daily essentials.

    He said all government and private premises would be closed, except for essential services such as utilities, telecommunications, transport, banking, health, pharmacies, ports, airports, cleaning and food supplies.

    He said the movement restriction also means all Malaysians will be banned from travelling abroad, and that no tourists or foreigners will be allowed to enter the country. Those who have just arrived from abroad must undergo self-quarantine for 14 days.

    All public and private schools, including kindergartens, nurseries, residential school and other educational institutions are also to close. All private and public higher institutions of learning will also close.

    Closure of all government and private premises except essential services such as water and electricity, telecommunication, postal service, transport, fuel, gas, lubrication, broadcasting, banking, health, pharmacy, fire-fighting, ports, airports, prisons, security and defence, sanitary services, provision and food supply.

    The order also calls on a ban on all mass gatherings, including religious, sports, social and cultural activities.

    The Prime Minister said the measures were taken to protect the rakyat from the spread of the virus but advised Malaysian to not panic and stay calm.

    Muhyiddin added that the Ministry of Domestic Trade and Consumer Affairs will ensure that the supply of groceries and health care essentials will be readily available.

    He also said that the government will address the situation daily and provided a hotline number – 0388882010- that will answer any queries from the public.

    In an immediate response, former health minister Datuk Seri Dr Dzulkefly Ahmad told theSun that the order was the right action made in the right time.

    “I am okay with it because it is in line with what I was advocating, I did not implement this earlier because at that time it wasn’t warranted and it wasn’t the right thing to do then,” he said.

    Meanwhile, Lawyer Mohamed Haniff Khatri Abdullah said that the provision of Section 11 (5) of the Prevention and Control of Infectious Diseases Act 1988 is read together with Section 24(a) of the same act.

    Haniff said this would make any breach to the restriction order a criminal offence.

    “The offense under section 11(5) carries a maximum sentence of two years imprisonment. Whereas the second offence under section 24(b) warrants a maximum imprisonment sentence of five years.”

    He also urged government officials to give a clear guideline on the extent of which a member of public can be out before it is considered an offense.

    “This is to ensure proper and dutiful compliance on the part of public and to allow strict enforcement by the authorities.” he told theSun.

    Nationwide movement restriction measures to begin on Wednesday (Updated)
    Read More
    https://www.thesundaily.my/local/nationwide-movement-restriction-measures-to-begin-on-wednesday-updated-IC2136749

    Views: 0

  • 3 tips for trading in volatile markets

    3 tips for trading in volatile markets

    Learn how to trade carefully during periods of market volatility.
    3 tips for trading in volatile markets
    Read More
    https://investornews.vanguard/3-tips-for-trading-in-volatile-markets/

    Views: 0

  • E3 video game conference cancelled due to coronavirus

    E3 video game conference cancelled due to coronavirus

    The world’s premier video game trade show, due to be held in June in Los Angeles, was cancelled on Wednesday over the spread of deadly novel coronavirus.

    Read More

    Views: 0

  • Trade show blues: Exhibitions go virtual as virus spreads

    Trade show blues: Exhibitions go virtual as virus spreads

    Fine wines and hipster gin. Hunting rifles and knives. Contemporary paintings and million-dollar sports cars. They’re all marketed at trade events that are quickly going dark across the globe due to the new coronavirus – and taking with them sales opportunities that may be difficult to make up.

    Read More

    Views: 0