Business

New Delhi, Jan 31 (PTI) Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.

However, private sector lenders like ICICI Bank and HDFC Bank were operational.

KUALA LUMPUR, Jan 30 (NNN-BERNAMA) –Turkish Airlines will introduce an addition of four flights weekly into Kuala Lumpur in Malaysia as of June 9, 2020, increasing its scheduled flights to 11 times weekly.

To celebrate the additional flights, Turkish Airlines is launching an exclusive offer of fares from Kuala Lumpur to worldwide destinations.

The offer is available till March 9, with special Economy class fares from RM2,090 and exclusive Business class fares from RM6,790.

PRETORIA, Jan 31 (NNN-AGENCIES) — South African Airways (SAA) has announced it is cancelling more flights in a bid to “ensure [it] is running efficient flights”.

In a statement, the troubled airline said it was cancelling dozens of domestic and international flights next month due to “low demand based on current forward bookings for the month of February”.

Earlier this week, it was announced SAA would receive 3.5bn South African rand in emergency funding from the Development Bank of Southern Africa – a government-owned bank.

HARARE, Jan 31 (NNN-ALLAFRICA) — Zimbabwean Government and the European Union officially launched the €10 million Zimbabwe Economic Partnership Agreement Support Project that is expected to boost small to medium scale enterprises.

The ZEPA project was officially launched by Foreign Affairs and International Trade Deputy Minister David Musabayana who was standing in for Minister Sibusiso Moyo.

WASHINGTON, Jan 31 (NNN-AGENCIES) — The US economy in 2019 expanded by the slowest rate since President Donald Trump took office as worsening trade friction undermined investment and exports, according to new government data released Thursday.

The $21 trillion economy grew by 2.3 percent compared to 2018, according to the government’s initial estimate.

Though that result remains stronger than many advanced economies, it is far from Trump’s promised target of 3.0 percent or higher.

WASHINGTON, Jan 31 (NNN-AGENCIES) — The United States extended exemptions to let an internationally backed nuclear deal with Iran go forward, even as it announced new sanctions to step up pressure.

President Donald Trump in 2018 pulled out of the accord negotiated by his predecessor Barack Obama, sending tensions soaring with Iran and leading Tehran to curb compliance, but European powers still back the deal.

30 Jan 2020; MEMO: Data issued by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) revealed that the number of companies established in Turkey during the previous year with joint Turkish and foreign capital has reached 12,634.

The capital of these companies came mainly from Iran, Syria and Saudi Arabia.

London, Jan 30 (AFP/PTI) Britain's economy, lifted by the country's post-election political stability, risks fresh turbulence as Prime Minister Boris Johnson seeks tricky Brexit trade deals amid global threats that include the coronavirus.

Recent positive British economic data offset weaker figures at the end of 2019, but this is not expected to have a lasting impact despite government promises of major infrastructure spending.

KUALA LUMPUR, Jan 30 (NNN-BERNAMA) — The government is evaluating the need for an economic stimulus package and is ready to launch the measures to deal with the effects of the 2019 novel coronavirus if necessary, Finance Minister Lim Guan Eng said.

He said it is still early for the government to take the action as it needs to study and analyse the extent of the impact of coronavirus.

TRIPOLI, Jan 30 (NNN-Xinhua) — The suspension of oil exports due to the closure of oil fields and ports has cost more than 500 million U.S. dollars so far, Libya’s National Oil Corporation (NOC) said.

“On 28 January 2020, oil production reached 288,181 barrels per day. Total value of losses since the beginning of blockades has reached 562,323,991 U.S. Dollars as of Tuesday 28 January 2020,” the country’s state oil company said.