Castle Journal

Castle Journal

Tuesday, 04 February 2020 20:53

China bourses face "corona losses"


By: Nadeemy Haded

The two exchanges of China are trying to limit their losses, Tuesday, after their sessions began to decline clearly in the wake of a big decline in very volatile markets dominated by fears of the emerging epidemic of Corona virus, and its impact on the economy.

And the Shanghai Stock Exchange index opened a decline of 2.23 percent to 2,685.27 points, while the session in the Shenzhen Stock Exchange started a decrease of 3.48 percent to 1552.96 points.

But the two exchanges managed to reduce the decline quickly in the following minutes, and registered half an hour after the start of the session, a slight rise of 0.58 percent in Shanghai, and 1.88 percent in Shenzhen. But the exchanges remained largely volatile.

On Monday, China's stock exchanges collapsed in the first session after a long holiday that started on January 24 to mark the Lunar New Year's Day.

And the Shanghai Stock Exchange closed down 7.72 percent, while the Shenzhen Stock Exchange fell 8.41 percent, and recorded the largest decline since the financial collapse in the summer of 2015.

The spread of the new Corona virus, which has killed more than 400 people so far, is causing panic to investors and could have a prolonged impact on the Chinese economy.

Source agencies


By:Nadeemy Haded

The World Health Organization has predicted an 81% increase in cancer cases by 2040 in low- and middle-income countries due to insufficient resources for prevention.

And the United Nations specialized organization warned in a report that if current trends continue, the world will see a 60% global increase in cancer cases over the next two decades.

In 2018, the World Health Organization registered 18.1 million new cancer cases worldwide. The organization expects the figure to reach between 29 and 37 million cases by 2040.

The number of new cases of cancer will increase further in low- and middle-income countries (+ 81%, according to estimates).

The organization pointed out that the main reason for this is that these countries have devoted only limited health resources to fighting infectious diseases and improving maternal and child health, and because health services in these countries are not equipped to prevent, diagnose and treat cancer.

Source agencies


By: Nadeemy Haded

The foreign ministries of Denmark and the Netherlands summoned their Saudi ambassadors, against the background of the arrest of four Iranians accused of espionage activities on their soil against Iran.

The Dutch National Prosecutor's Office announced that a 40-year-old Iranian was arrested on Monday in the city of Delft on charges of planning to launch an attack in his country, and he is a member of the separatist "Arab Movement for the Liberation of Ahvaz" (ASMLA).

Prosecutor Bart Dean Hartig noted that the investigation with the man was launched in January in cooperation with the Danish authorities, after the Dutch intelligence services obtained information that he was preparing with other people to carry out a series of terrorist attacks in Iran.

He explained that it is premature to include the entire ASMLA on the list of terrorist organizations, although this movement has an armed arm, stressing that investigations with it are still ongoing and it is not unlikely that new arrests will be carried out within it.

The Dutch website, The Hague Online, reported that security forces are investigating a television station of the Iranian opposition movement in the city of Reiswijk, where the detainee works and confiscated several phones at his home in Delft.

His arrest coincided with the arrest by the Danish authorities of three leaders of his movement on charges of espionage activities for Saudi Arabia between 2012 and 2018.

According to media reports, these people were living amid tight security, after a plan to assassinate them in 2018, according to The Hague Online, was foiled.

Danish Foreign Minister Yepe Koffod described on his account "Twitter" espionage "dangerous and totally unacceptable," stressing that his country would not turn into an arena for proxy wars.

Kufuud confirmed that he had taken measures in his country, the European Union and in Riyadh regarding the incident, adding that he had summoned to the ministry the Saudi ambassador to clarify that any espionage activities in the Danish territories are totally unacceptable, and that the Danish Foreign Ministry sent a similar message to Riyadh.

The Danish newspaper Kristeligt Dagblad indicated that Kofod also summoned the Iranian ambassador to Copenhagen on the background of a similar case related to espionage and assassination attempt.

For his part, Dutch Foreign Minister Steve Block, summoned the Saudi ambassador to Amsterdam against the background of "links" between Saudi Arabia and the Iranian movement, and stated during the "unwanted practices" attributed to ASMLA "unacceptable".

Source: RT + Agencies


By:Nadeemy Haded

Hyundai Motor has announced that it will suspend production in South Korea, where its largest manufacturing bases are, becoming the first major automaker outside China to make the move, after spare parts are disrupted by the outbreak of the Coronavirus.

A large number of global auto manufacturers, including Tesla, Ford, PSA Peugeot Citroen, Nissan, and Honda Motor, have already stopped working at some of their factories in China this week, in line with government instructions.

Hyundai's decision to cut assembly lines in South Korea may delay its recovery from lower sales.

Hyundai has recently announced its best quarterly operating profit in more than two years and has announced that it is on the path to achieving higher profit margins with the support of increased sales of sports cars such as the Elisad and Kona models.


By: Nadeemy Haded

The bankruptcy report issued by Canadian clothing retailer Hudson's Bay chain showed that the company has lost more than 180 million euros during its presence in the Netherlands during the past three years.

The report indicated that the chain lost a huge loss of 184 million euros after opening its first branch in the Netherlands three years ago and until the closure of all its branches by the end of last year.

In 2017, the Canadian chain opened its first stores in the Netherlands, with losses that year amounted to 28.6 million euros, and in the following year the company’s losses amounted to 81.4 million euros, and last year the chain loss until the end of November was 73.8 million euros.

All 15 chain stores in the Netherlands were closed on New Year's Eve last year. On December 31, the Hudson's Bay chain of stores in the Netherlands was officially declared bankrupt.

The Canadian company Hudson’s Bay has invested, in cooperation with the Austrian investment company Signa and building owners, about 516 million euros in Hudson's Bay Nederland.

The bankruptcy report coordinators say, “Despite the goodwill, Hudson's Bay stores haven't been launched enough on the ground. The reason for bankruptcy lies in the fact that shareholders no longer wish to settle the losses.

Hudson's Bay chain continues to pay rental properties until the end of this month. Then the empty stores must be delivered to their owners. There were no longer any merchandise in the stores, as everything was sold for closure.

There is still some equipment in stores such as sales boxes and clothes models, as most of this equipment has been sold to the German retail chain Kaufhof for more than 3 million euros.


By: Nadeemy Haded

The President of Ukraine, Vladimir Zelinsky, revealed that his country has records that include important evidence proving that the Iranian side knew from the start the causes of the disaster that befell the Ukrainian passenger plane.

Speaking to the "1 + 1" television network today, he said that Kiev has important records from Iranian air traffic controllers proving conclusively that Iran knows the cause of the disaster since its crash.

Zelinsky added: "This recording is a dialogue between the Tehran Air Control and Control Room and an Iranian plane that was landing at that time. At 6:12 pm our plane took off, and at 6:30 am an Iranian plane was supposed to land. Its crew saw all this And the crew started talking to the observer. Everything there says (it seems to me that a missile is flying) and the conversation took place in Persian and English - and everything is fixed there. "

According to the Ukrainian President, this registration is an important indication that the Iranian side knew from the start about the causes of the disaster, which befell our plane. He added: "They already knew this at the time of the crash."

On the outskirts of the Iranian capital, a Ukrainian passenger plane was traveling on a flight from Tehran to the Ukrainian capital Kiev, with 176 people on board, all killed, and Western media said that it was shot down by a missile by Iran accidentally, while the Iranian government denied this hypothesis and the media The Iranian official said that a fire broke out in the Ukrainian plane's engine, which led to its crash 5 minutes after take-off.

Source: "TASS"


By: Nadeemy Haded

China on Monday criticized the United States for imposing restrictions on the entry of Chinese citizens to its territory because of "Corona", and accused Washington of "spreading panic" in its response to the spread of the virus.

Chinese Foreign Ministry spokeswoman Hua Shunyang said that the United States "did not provide significant assistance", and was "the first to evacuate its consulate crew in Wuhan and talked about partial withdrawal of embassy staff and imposition of entry restrictions on Chinese travelers."

"She has not stopped spreading panic, which is a very bad example," Shunyang said in an interview with reporters on the Chinese social network, WeChat.

To date, there have been eight confirmed cases in the United States. On Friday, the United States declared a health emergency and prevented non-residents temporarily from China from entering its territory. It also recommended its citizens not to visit and leave China if they are present.

The American actions bothered many Chinese and foreigners who were prevented from joining their work and universities or from tourism in the United States.

"We have not yet received any significant assistance from the US government," said Hua Shuning.

She pointed out that China received in return medical equipment from about a dozen countries including France, Japan, Turkey, Pakistan, Iran, Russia and the United Kingdom, explaining that her country urgently needs materials such as masks, goggles and protective suits, with the number of injured increasing to more than 17 thousand people, including 16 Foreigner.

On Sunday, US National Security Adviser Robert O'Brien said that China has not yet accepted a US offer to help contain the disease.

Source: AFP

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