Business

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7 07, 2020

HNA Group’s American subsidiaries asked, and received, bailout funds from US government’s relief programme

By | 2020-07-07T08:03:47+00:00 July 7th, 2020|Business|Comments Off on HNA Group’s American subsidiaries asked, and received, bailout funds from US government’s relief programme

HNA Group, the troubled conglomerate that’s being taken over by the Chinese state, is among recipients of the billions of dollars in coronavirus-relief loans handed out by the US government.HNA Group North America and HNA Training Center NY, two of the...

7 07, 2020

Tahoe Group misses another bond repayment as liquidity crunch worries creditors and homebuyers

By | 2020-07-07T07:30:05+00:00 July 7th, 2020|Business|Comments Off on Tahoe Group misses another bond repayment as liquidity crunch worries creditors and homebuyers

Chinese luxury villa developer Tahoe Group failed to repay investors of a domestic bond, in a sign of increasing financial strain on the mainland’s aggressive home builders as the coronavirus pandemic exacerbated a liquidity crunch.The Shenzhen-listed ...

6 07, 2020

Still 413,000 on Covid-19 pandemic unemployment scheme may worry new coalition

By | 2020-07-06T18:26:00+00:00 July 6th, 2020|Business|Comments Off on Still 413,000 on Covid-19 pandemic unemployment scheme may worry new coalition

There are still almost 413,000 people on the pandemic unemployment payment more than six weeks since the start of the easing of Covid-19 restrictions, suggesting the new Government faces a big headache if it wishes to wind down the scheme at an early s...

6 07, 2020

Irish banks and housebuilders join in global stock markets rally on Covid-19 ‘narrative recovery’

By | 2020-07-06T17:27:00+00:00 July 6th, 2020|Business|Comments Off on Irish banks and housebuilders join in global stock markets rally on Covid-19 ‘narrative recovery’

Global stock markets moved higher again, slewing off concerns about resurgent Covid cases in some parts of the US, as investors hope for a stronger than expected recovery following the global lockdowns.

6 07, 2020

Hong Kong, mainland stocks surge in early trading on bullish sentiment on loosening monetary policy in China

By | 2020-07-06T02:54:47+00:00 July 6th, 2020|Business|Comments Off on Hong Kong, mainland stocks surge in early trading on bullish sentiment on loosening monetary policy in China

Hong Kong and mainland stocks surged in early trading on bullish sentiment about loosening monetary policies in China and fiscal stimulus around the world to boost global economic recovery, even as coronavirus cases continue to surge in the US.The Hang...

6 07, 2020

Huawei could feel chill wind in Europe if UK decides to block China giant from UK networks

By | 2020-07-06T01:53:40+00:00 July 6th, 2020|Business|Comments Off on Huawei could feel chill wind in Europe if UK decides to block China giant from UK networks

Britain’s reported plan to phase out Huawei Technologies from its mobile networks from this year raises fresh questions about the Chinese telecom giant’s business prospects in Europe, with Germany set to decide on its rules for 5G network roll-outs aft...

4 07, 2020

Hong Kong’s home buyers are back in droves at CK Asset’s Sea To Sky project as they shrug aside political concerns

By | 2020-07-04T10:30:22+00:00 July 4th, 2020|Business|Comments Off on Hong Kong’s home buyers are back in droves at CK Asset’s Sea To Sky project as they shrug aside political concerns

Hong Kong’s homebuyers turned out in droves for the second consecutive weekend to snap up the most expensive flats to launch in Lohas Park in two years, shrugging aside concerns about large financial commitments even after the enactment of a security l...

4 07, 2020

Debenhams workers in Cork, Limerick and Dublin set to picket stores today

By | 2020-07-04T09:58:00+00:00 July 4th, 2020|Business|Comments Off on Debenhams workers in Cork, Limerick and Dublin set to picket stores today

Striking Debenhams workers who lost their jobs are to picket three of its stores in Dublin, Cork and Limerick today.

4 07, 2020

US lighting company Alpan joins an exodus of manufacturers leaving China to get around higher tariffs from trade war

By | 2020-07-04T08:52:51+00:00 July 4th, 2020|Business|Comments Off on US lighting company Alpan joins an exodus of manufacturers leaving China to get around higher tariffs from trade war

Alpan Lighting Products, a US manufacturer of solar lamps, is shifting production from China to Indonesia, joining droves of companies looking to escape higher tariffs triggered by the trade war with the US.PT CDS Asia, a unit of Alpan, will invest US$...

3 07, 2020

Ryanair, EasyJet and BA end legal action as UK scraps quarantine rule

By | 2020-07-03T18:50:00+00:00 July 3rd, 2020|Business|Comments Off on Ryanair, EasyJet and BA end legal action as UK scraps quarantine rule

Three of Europe’s biggest airlines have ended a legal challenge against the British government after it scrapped its quarantine rule for travellers coming from some of the most popular tourist destinations.