MONEY

Iraqis turn to budding ecotourism to save marshes

Thirty years after Saddam Hussein starved them of water, Iraq’s southern marshes are blossoming once more thanks to a wave of ecotourists picnicking and paddling down their replenished river bends.

AGENCE FRANCE-PRESSE, May 23 2019

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55,000 tonnes of chemical fertiliser imported for paddy season

Agriculture Inputs Company is importing 55,000 tonnes of urea in order to meet the demand for chemical fertiliser during the upcoming rainy season. According to the company, the urea imported from the third countries has now arrived at Indian sea ports.

SHANKAR ACHARYA, May 23 2019

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Iceland slashes interest rate as economy seen shrinking

Iceland’s central bank on Wednesday cut its key interest rate by a half-point to 4.0 percent to stimulate the economy, as it forecasted a contraction this year for the first time in almost a decade.

May 23 2019

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Bulgaria, Greece start work on gas pipeline from Azerbaijan

Bulgaria and Greece are launching the construction of a pipeline to transport Azeri gas to Bulgaria to ease its almost total dependence on Russian gas supplies.

May 23 2019

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Threat or promise? E-auto boom could cost industry jobs

Over 115 years the auto industry in the east German town of Zwickau has lived through wrenching upheavals including World War II and the collapse of communism.

ASSOCIATED PRESS, May 23 2019

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UK telecoms giant EE says to launch 5G without Huawei

British telecoms giant EE will this month become the first operator in the country to launch a 5G network but will do so without Huawei technology as originally planned, it said on Wednesday.

May 23 2019

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British Steel collapses, thousands of jobs at risk

British Steel has been ordered into compulsory liquidation after talks with the government failed to secure a bailout, Britain’s Insolvency Service said on Wednesday.

ASSOCIATED PRESS, May 23 2019

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Alaska air carrier suspends operations after 2nd crash

An Alaska air carrier involved in two deadly floatplane crashes in a week has voluntarily suspended operations, federal officials said Tuesday.The halt of flightseeing and commuter flights is in place indefinitely, according to the Federal Aviation Administration.

ASSOCIATED PRESS, May 23 2019

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China ready for further US trade talks, ambassador says

Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States Cui Tiankai said, as a top US business lobby in China said nearly half its members are seeing non-tariff barrier retaliation in China due to the trade war.

REUTERS, May 23 2019

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Construction of runway at Bhairahawa airport completed

The construction of a new runway at Gautam Buddha International Airport in Bhairahawa was completed on Tuesday, raising hopes that the country’s second international airport might come into operation by the first week of January.

MADHAV DHUNGANA, May 23 2019

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Japan exports fall for the 5th month

Japanese exports contracted for the fifth month in April due to a slump in shipments of chip-making equipment to China, underlining the growing threat to the world’s third-biggest economy from a bruising Sino-US trade war.

REUTERS, May 23 2019

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Airbus prepares counter-punch to new Boeing mid-sized jet

Airbus hinted on Tuesday at a price battle and imminent aircraft revamp to counter a possible new Boeing mid-sized jet, promising a “left hook, right hook” from two of its established models.

REUTERS, May 23 2019

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Nepal Stock Exchange expands electronic settlement system

Stock traders can now settle transactions electronically through 76 banks and financial institutions, including all 28 commercial banks, with the Nepal Stock Exchange integrating its online trading system with all members of Nepal Clearing House. The system will come into force on Thursday.

RAJESH KHANAL, May 23 2019

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