Xinhua world economic news summary at 0900 GMT, July 12

0 Comment(s)Print E-mail Xinhua, July 12, 2020
Adjust font size:

NEW YORK -- U.S. stocks managed to secure weekly gains after wild trading as investors cautiously eyed the soaring number of coronavirus infections in the country while weighing its impact on an economic recovery.

For the week ending Friday, the Dow rose 1 percent, the S&P 500 climbed 1.8 percent and the Nasdaq advanced 4 percent. (US-Stocks-Rise)

- - - -

BUENOS AIRES -- Argentine Foreign Minister Felipe Sola said here Saturday that the country should explore more business opportunities abroad to increase exports.

"We believe that embassies have many functions, but especially in trade issues, because Argentina needs to export more, much more. We had reached exports of 85 billion U.S. dollars per year, and in 2019 they were a bit over 60 billion U.S. dollars," Sola told Radio del Plata. (Argentina-Exports-FM )

- - - -

JALALABAD, Afghanistan -- The Afghan government has decided to build a civilian airport outside Jalalabad, the capital of eastern Nangarhar province, a senior official of the country's Civil Aviation Qasim Wafizada said.

According to the official, the new airport would be constructed on 3,500 acres of land in Kozkunar area at a cost of 40 million U.S. dollars within two years. (Afghanistan-Airport)

- - - -

NAIROBI -- A ray of hope shone over Kenya's tourism and hospitality sector after President Uhuru Kenyatta lifted a partial lockdown that had restricted movement in and out of the capital Nairobi and the coastal city of Mombasa.

The east African nation's tourism sector has lost some 81.8 billion shillings (about 770 million U.S. dollars) since March, according to Tourism minister Najib Balala, which is about 50 percent of its average annual revenue. (Kenya-COVID-19-Tourism) Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from