According to the European Travel Commission’s (ETC) latest quarterly report “European Tourism: Trends & Prospects”, the global health crisis has left the tourism sector in Europe facing a crisis like no other, with heightened uncertainty surrounding its recovery.
With the coronavirus pandemic causing the closure of national borders and the suspension of international travel, governments in emerging markets have begun to explore whether domestic tourism can kick-start their economies.
An Iranian company will continue the development of Phase 11 of the South Pars (SP) Gas Field in southern Iran as the French company Total and the China National Petroleum Corporation (CNPC) dropped out of the project, the oil minister announced.
Turkey eased rules on payment installments for various goods, the state-run Anadolu Agency reported, citing regulation published by the official gazette, which may spur domestic spending to support the economy.
Japanese services sector activity rose in January due to a pick-up in domestic demand, a business survey showed on Tuesday, but there are growing worries that economic activity will weaken due to the US-Sino trade war.