Fri, 14 Aug 2020

ULAN BATOR -- Mongolia's foreign trade turnover decreased by 22.6 percent year on year in the first half of 2020, according to data released by the Mongolian Customs General Administration (MCGA) on Monday.

Mongolia's foreign trade turnover in the first six months of this year amounted to 5.2 billion U.S. dollars. Exports fell 28.2 percent to 2.8 billion dollars, while imports dropped 15 percent to 2.4 billion dollars. (Mongolia-Trade)

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SEOUL -- South Korean lenders planned to tighten loan standard in the third quarter due to worry about an economic fallout from the COVID-19 outbreak, central bank survey showed Monday.

The lending attitude index for big corporations fell from minus 10 in the second quarter to minus 13 in the third quarter, according to the Bank of Korea (BOK). (South Korea-Bank-Loan)

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NANJING -- East China's economic powerhouse Jiangsu Province reported its fastest year-on-year growth in electricity consumption in 27 months in June as its economy recovered from the COVID-19 epidemic.

Its total power consumption, a key barometer of economic activity, reached more than 54 billion kWh last month, up 7.3 percent year on year, the State Grid Jiangsu Electric Power Co., Ltd. said. (China-Jiangsu-Electricity)

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MEXICO CITY -- Mexico lost 921,583 jobs in the first half of 2020 largely due to the impact of COVID-19, the Mexican Institute of Social Security (IMSS) reported on Sunday.

In June alone, Mexico lost 83,311 formal jobs as a result of the pandemic, the IMSS said in a report. (Mexico-COVID-19-Jobs)

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JERUSALEM -- Israel's cabinet approved on Sunday grants for the unemployed, self-employed and business owners amid growing public criticism over the government's handling of the coronavirus economic crisis.

The Prime Minister's Office and the Finance Ministry said in a joint statement that in "the next few days" the government will transfer up to 7,500 shekels (about 2,169 U.S. dollars) to the bank accounts of the unemployed, self-employed, people on furlough and business owners who were hurt by the coronavirus restrictions and lockdown. (Israel-Cabinet-Unemployed)

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CAPE TOWN -- Massive rolling power blackouts continued in South Africa on Sunday for three days running, dealing another heavy blow to the economy already battered by the COVID-19 pandemic.

The severely constrained generation system will most likely persist through the coming week, said state-run electricity utility Eskom, which provides about 95 percent of the electricity consumed in the country. (South Africa-Power Crisis)

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