AA to move to PKX Airport in early 2021

The FINANCIAL — American Airlines Group Inc. (NASDAQ: AAL) is moving flights to the biggest airport in the world: the new Beijing Daxing International Airport (PKX) when service returns from Dallas-Fort Worth (DFW) on March 27, 2021. Flights will operate on a…

2 mins read

External Merchandise Trade of Georgia in January – August 2020

National Statistics Office of Georgia published preliminary data of the External Merchandise Trade of Georgia in January-August 2020. the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 7 022.8 million, 16.7 percent lower to the same period of 2019. The…

3 mins read

Study claims that glasses can lower your risk of COVID-19

The FINANCIAL — A recent study states that wearing glasses can lower the risk of coronavirus. Researchers from Suizhou Zengdu Hospital in Suizhou, China, claim that the use of eye protection, such as glasses, might offer some degree of protection from COVID-19.…

6 mins read

Stock markets mixed after Wall Street slides

The FINANCIAL — Global stock markets were mixed Monday after the fact that Wall Street turned in its biggest weekly decline in more than two months. London and Frankfurt opened higher. U.S. futures were lower. Benchmarks in Shanghai, Tokyo and Hong Kong retreated…

5 mins read

Significant increase in the number of flights

The FINANCIAL — Air travel demand in Europe is recovering from COVID-19 impact. Business aviation recovering faster than other segments and now only 9% below 2019 levels. Also, all-cargo flights are 4% above 2019 levels. Ryanair, announced it has restored over 60% of normal flight…

6 mins read

Chinese AI company sues Apple for $1.4 bln over Siri patent

The FINANCIAL — Chinese AI company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i is suing Apple on the grounds of patent infringement. Chinese company filed a formal lawsuit against Apple in Shanghai High People’s Court on 3rd of August…

5 mins read

Nissan expects $4.5 billion loss as global sales decline 48%

The FINANCIAL — Nissan Motor Co., Ltd. today announced financial results for the three months ended June 30, 2020, and the outlook for fiscal year 2020. In the first quarter of the fiscal year, global industrywide auto sales fell by almost half amid the…

6 mins read

Gold price hit record high since 2011

Gold hit its highest price for the first time in 9 years. After a 18% surge in 2019, gold prices have moved sharply higher this year. The positive trend in the gold spot prices is chiefly due to the escalation in the geopolitical…

5 mins read

U.S. House of Representatives and the Senate pass bill that supports Georgia

The United States Senate today passed the National Defense Authorization Act for Fiscal Year 2021. Sponsor of the bill is Adam Smith, representative for Washington’s 9th congressional district. Democrat. Bill supports Georgia’s sovereignty and territorial integrity within its internationally-recognized borders. According to the…

5 mins read

AIIB approved EUR45 million loan to Georgia

The FINANCIAL — The Asian Infrastructure Investment Bank approved EUR45 million loan to Georgia to mitigate the impacts of the novel coronavirus. The loan provides emergency budgetary support to enable the Government of Georgia to respond to the pandemic more effectively. The financing will enhance inclusive growth…

4 mins read

UAE successfully launched its first Mars mission

The FINANCIAL — The United Arab Emirates launched its first mission to Mars. Spacecraft, called al-Amal or “Hope” was designed by the Mohammed Bin Rashid Space Centre in the UAE. The Emirates Mars Mission will be the first probe to provide a complete picture of…

5 mins read

Top trading partners of Georgia (January – June 2020)

The FINANCIAL — National Statistics Office of Georgia published preliminary results of External Merchandise Trade of Georgia and The Domestic Exports in January – June 2020. Copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 332.4…

4 mins read

UK bans Huawei and requires to remove all 5G kits by 2027

The FINANCIAL — The British government declared that, it will bar telecom companies from purchasing new equipment made by Huawei Technologies Co. and told them to remove its technology from their 5G networks until 2027. John Browne will step down as chairman of Huawei’s…

6 mins read