Japanese airlines could see 1 tril. yen revenue fall on virus pandemic TOKYO. KAZINFORM The global coronavirus pandemic could result in a 1 trillion yen ($9.3 billion) fallin combined revenue for the Japanese airline industry in the next 12 months, according to an estimate by a domestic aviation organization.
Kazakh and Uzbek PMs launched joint production of new cars in Kostanay KOSTANAY. KAZINFORM As part of the working trip to Kostanay Kazakh PM Askar Mamin took part in the opening ceremony of the joint Kazakh-Uzbek car assembly line of Chevrolet car new models at Kostanay auto plant, the PM’s press service reports.
Global economy has entered recession amid coronavirus pandemic: IMF WASHINGTON. KAZINFORM The International Monetary Fund said Friday that the global economy has fallen into a recession, with economic and social activities increasingly curtailed in many countries in an effort to contain the spread of the coronavirus pandemic.
Global oil demand could drop by 20% due to virus: IEA ANKARA. KAZINFORM The global oil demand which is 100 million barrels per day (bpd) could fall by 20 million bpd as 3 billion people in the world are under lockdown due to coronavirus pandemic, said the executive director of International Energy Agency on late Thursday.