European Central Bank President Mario Draghi has committed to stalling interest rate hikes amid fears of a global economic slowdown. The European Central Bank will delay its first interest rate hike since the 2008 financial crisis “at least through the first half of 2020”, said its president, Mario Draghi. Source: The Week
U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.
India’s Supreme Court late last year ordered a number of telecom companies, including Hughes and larger firms like Vodafone (L:VOD), to pay billions of dollars owed to the government. Source Reuters
Kuwait Airways said it has decided to suspend all flights to Iran on Thursday until another notice amid fears from a coronavirus outbreak, according to statements published on the company’s Twitter account. Source Al Alarabiya
Japan is finalizing a plan that will tighten scrutiny of foreign investment in 12 key sectors, four government sources with knowledge of the matter have said. The sectors would include industries like defense, nuclear power, aerospace, utilities, gas, cyber security and telecommunications, two of the sources said. Source Japan Times
