Tokyo, Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession. Other data put that challenge in perspective, with household spending and wages falling in July as the impact of the pandemic kept consumption frail even after lockdown measures were lifted in May. The world’s third-largest economy…"Japan’s worst postwar economic downturn to force stimulus boost"
Sydney, Australia’s competition regulator on Tuesday said it would look into the extent of competition between the app stores of Apple Inc and Google, and also examine whether more pricing transparency is needed in the country’s mobile apps market. The Australian Competition and Consumer Commission (ACCC) is “interested in how data is used and shared in the app ecosystem, including the data available to Google and Apple as a result of their control of…"Australian watchdog to examine competition between app stores"
New York, Big tech stocks are continuing their Icarus-like flight path, and more sharp declines for them are dragging Wall Street toward a third straight loss on Tuesday, the Associated Press (AP) reported. The S&P 500 was down 2.1% in midday trading, after dropping as much as 2.5% shortly after the U.S. market opened. Big names that were the main reasons for Wall Street’s rocket ride back to record heights were among the heaviest…"Technology stocks keep stumbling; Nasdaq down 8% in 3 days"
HE Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi received on Tuesday a phone call from HE Minister of State at the Federal Foreign Office of Germany Niels Annen. During the phone call, they reviewed bilateral cooperation relations between the two countries, in addition to issues of common concern. Source: Ministry of Foreign Affairs"Minister of State for Foreign Affairs Receives Phone Call from German Counterpart"
HE Chairman of the Qatari Committee for the Reconstruction of Gaza Ambassador Mohammed Al Emadi affirmed that the committee, in cooperation and coordination with the Qatar Fund for Development, started Tuesday the process of disbursing cash assistance to needy families and those who are affected by the Coronavirus (Covid-19) in the Gaza Strip. Al Emadi explained that the cash assistance disbursement to 100,000 needy families is scheduled to end within three days, after which the…"Qatari Committee Disburses Financial Grants to Needy Families, Those Affected by Coronavirus in Gaza"
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, reviewed the prospects of advancing cooperation with the Hungarian Minister of Foreign Affairs and Trade, Peter Szijjarto, to the best interests of the two countries’ peoples. This came as the UAE top diplomat received the Hungarian Minister in Abu Dhabi today and discussed with him ways of fostering bilateral relations in areas of health, education and investments. The two sides deliberated…"H.H. Sheikh Abdullah bin Zayed, Hungarian Foreign minister review regional developments"