Australia Records First Recession In  30 Years

Australia Records First Recession In 30 Years

Australia’s economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus.  Gross domestic product (GDP) shrunk 7% in the April-to-June quarter compared to the previous three months.  This is the...
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Germany Records 2,034 New Coronavirus Cases

Germany Records 2,034 New Coronavirus Cases

The number of new people confirmed to be infected with the novel coronavirus in Germany spiked again on Saturday at a rate not seen since late April.   Over the last 24 hours, health authorities across the country recorded 2,034...
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UAE Reports 229 New Coronavirus Cases

UAE Reports 229 New Coronavirus Cases

The United Arab Emirates (UAE) on Monday announced 229 new COVID-19 cases, bringing the total confirmed cases in the country to 64,541.   The UAE’s Ministry of Health and Prevention said in a statement the new cases are all in...
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CMA CGM LNG Ship Completes Gas Trials

CMA CGM LNG Ship Completes Gas Trials

The first in a series of six LNG-powered neo-Panamax containerships being built for Singapore’s Eastern Pacific Shipping has completed gas trials in South Korea.   The ship named Tenere will be chartered by CMA CGM that is also building a series o...
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Mitsubishi To Begin Car Production In Myanmar

Mitsubishi To Begin Car Production In Myanmar

  Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia.   The Japanese automaker already has a production base in Vietnam, as well as in Thailand, Indonesia and the Philippines. A...
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ILO Child Labour Convention Attains Universal Ratification

ILO Child Labour Convention Attains Universal Ratification

  For the first time in the ILO’s history, an International Labour Convention has been ratified by all member States. Convention No. 182 on the Worst Forms of Child Labour  achieved universal ratification, following ratification by the Kingdom of Tonga. A...
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Skoda Appoints Thomas Schäfer As Board Chairman

Skoda Appoints Thomas Schäfer As Board Chairman

Skoda Auto has announced that Thomas Schäfer has taken over as the Chairman of the Board with immediate effect.In this position, he succeeds Bernhard Maier, who is handing over the office to his successor after almost five years at the helm, th...
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World Bank Approves $500m For Girls’ Education In Kano, Katsina, Kebbi, Four Others

World Bank Approves $500m For Girls’ Education In Kano, Katsina, Kebbi, Four Others

The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities among girls in seven states in Nigeria.  A statement from the bank in Abuja on Wedne...
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Greece Exempts Seafarers From Entry Restriction

Greece Exempts Seafarers From Entry Restriction

Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change.   GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following...
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EU Bankrolls Electrification Of Seaport Terminals

EU Bankrolls Electrification Of Seaport Terminals

The Port of Valencia has secured aid from the European Commission for two projects aimed at facilitating and accelerating the possibility of connecting ships to the electricity grid. The first of these, the Global EALING Project, European flagship action for.....
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Opinion: COVID-19 Debt Relief Must Consider The Vulnerabilities Of Small States

Opinion: COVID-19 Debt Relief Must Consider The Vulnerabilities Of Small States

 By Patricia Scotland, Commonwealth Secretary-General A lethal combination of disease, extreme climate events and economic crises is threatening the smallest and most vulnerable nations of the world. To tackle it, we must overhaul how we understand and ad...
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Volkswagen Projects Mild Growth

Volkswagen Projects Mild Growth

German automaker, Volkswagen AG expects a slight growth in China’s premium car segment this year despite a slide in broader market sales, a senior executive said.Volkswagen Group‘s China chief, Stephan Woellenstein, made the remarks to reporter...
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Bio-LNG Secures $12.57 EU Backing

Bio-LNG Secures $12.57 EU Backing

Titan LNG, a Dutch supplier of LNG to the marine and industrial markets in Europe, has secured funding for its bio-LNG project. The company said on Friday it has received €11 million ($12.57 million) from the European Union through the...
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MSC Ship Loses 20 Containers Off South Africa

MSC Ship Loses 20 Containers Off South Africa

Earlier this week, a containership operated by Swiss shipping major Mediterranean Shipping Company (MSC) lost more than 20 containers overboard during stormy weather in Algoa Bay near the city of Port Elizabeth, Eastern Cape, the South African Maritime Safety ...
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