Category Archives: Market

Iran’s President Says Economy Is a Factor in Virus Response

TEHRAN – Iran’s president on Sunday lashed out at criticism of its lagging response to the worst coronavirus outbreak in the Middle East as a “political war,” saying he had to weigh protecting the economy while tackling the pandemic.

Hassan …

BNET, BearingPoint to build digital solutions on AWS

Manama, Bahrain National Broadband Company ‘BNET’ signed an agreement with BearingPoint//Beyond to enable the provisioning of AWS (Amazon Web Services) advanced digital solutions to power the ‘BSS’ & ‘OSS’ systems used to operate the National Broadband Network.

The signing took …

Airline industry turmoil deepens as coronavirus pain spreads

Sydney/Washington, Airline industry turmoil deepened on Thursday as Qantas Airways Ltd (QAN.AX) told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources …

Governments offer airlines aid as coronavirus drives deeper flight cuts

Chicago, Australia and Taiwan joined a growing list of countries offering financial aid to their ailing aviation sectors as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus.

With airlines halting …

France fines Apple $1.2 billion for anti-competitive acts

Paris, French regulators fined Apple 1.1 billion euros ($1.2 billion) on Monday for striking deals to keep prices high, in the biggest-ever such sanction by France’s Competition Authority.

The agency said Apple and top re-sellers agreed to align prices with …

U.S. internet well-equipped to handle work from home surge

Boston, The U.S. internet will not get overloaded by spikes in traffic from the millions of Americans now working from home to discourage the spread of the new coronavirus, experts say. But connections could stumble for many if too many …

CBB monthly statistical bulletin January 2020

Manama, The Central Bank of Bahrain (CBB) published its monthly statistical bulletin for January 2020 which indicated an increase in Money supply (M3) that reached BD 14,029.3 million as at the end of January 2020, compared to BD 12,704.0 million …

Australia sues Facebook, alleges breach of user data

Sydney, The Australian privacy regulator filed a lawsuit against Facebook Inc accusing the social media giant of sharing the personal details of more than 300,000 people with political consultant Cambridge Analytica without their knowledge.

In the Federal Court lawsuit, the …