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Germany upbeat about economic rebound despite pandemic fears

Germany upbeat about economic rebound despite pandemic fears

The German economy grew by 8.2% in the third quarter and is forecast to shrink less than expected in 2020, official data showed yesterday, even as the country faces new shutdowns to contain a second coronavirus wave.

Asia stocks drop as US election jitters set in

Asia stocks drop as US election jitters set in

Asian markets tumbled yesterday with investors spooked by soaring virus cases in Europe and the United States that have forced fresh lockdowns, while uncertainty ahead of next week’s US election was also dampening sentiment.

Jack Ma’s Ant IPO lures record $3tn of bids in retail frenzy

Jack Ma’s Ant IPO lures record $3tn of bids in retail frenzy

The biggest initial public offering of all time has unleashed an investor frenzy for the record books.

Hong Kong’s recession shows signs of easing in third quarter

Hong Kong’s recession shows signs of easing in third quarter

Hong Kong’s long recession showed signs of easing in the third quarter, with a gradual improvement in domestic and external demand from an improving Chinese economy, an easing of the Covid-19 outbreak and stronger financial market activity.

Exxon posts third straight loss as pandemic hits demand

Exxon posts third straight loss as pandemic hits demand

Exxon Mobil Corp posted its third straight quarterly loss yesterday and detailed deeper spending cuts to come, as the oil major reels from the Covid-19 pandemic’s impact on energy demand and prices.

Apple’s late iPhone launch temporarily wipes $100bn off its stock value

Apple’s late iPhone launch temporarily wipes $100bn off its stock value

The late launch of new 5G phones caused Apple Inc’s customers to put off buying new devices, leading the company on Thursday to report the steepest quarterly drop in iPhone sales in two years.

European stock markets retreat as virus worries outweigh growth data

European stock markets retreat as virus worries outweigh growth data

Stocks in Europe and the US pulled back yesterday despite news of rebounding economic growth and robust tech earnings.

IMF tells Britain to keep spending to fend off Covid pandemic crisis

IMF tells Britain to keep spending to fend off Covid pandemic crisis

Britain can afford to ramp up its already massive spending push to counter the effects of the coronavirus pandemic on the economy, the head of the International Monetary Fund has said.

Qatar companies eyeing more exports to US, says Qatari commercial attaché

Qatar companies eyeing more exports to US, says Qatari commercial attaché

Companies in Qatar are keen on exporting more products bearing the ‘Made in Qatar’ trademark to the American market to further enhance trade ties with the US, according to Qatar’s commercial attaché to the US.

QSE witnesses selling pressure on domestic earnings woes

QSE witnesses selling pressure on domestic earnings woes

The domestic earnings woe had its profound impact on the Qatar Stock Exchange, which lost a sizeable more than 267 points in its key barometer and about QR23bn in capitalisation this week.

Qatar banks' assets rise more than 9% year-on-year in September

Qatar banks' assets rise more than 9% year-on-year in September

A robust double-digit growth in credit to the public sector and the rapid expansion in reserves helped Doha's commercial banks' assets rise more than 9% year-on-year in September

ECB paves the way for December stimulus as lockdowns return

ECB paves the way for December stimulus as lockdowns return

The European Central Bank signalled it stood ready to bolster its pandemic stimulus in December as surging coronavirus infections darken the eurozone’s economic outlook.

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