Sun, 05 Jul 2020

JERUSALEM -- Over 90 percent of Israeli startup companies face a funding slowdown, even though the Israeli economy has returned to almost full activity, according to a new survey released by the Israel Innovation Authority (IIA) on Sunday.

The survey, conducted by the IIA and Israel Advanced Technologies Industries (IATI) organization, shows that even after returning to normalcy following the decline in COVID-19 morbidity, Israeli startups still experience complex difficulties. (Israel-COVID-19)

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NEW YORK -- Oriental Culture Holding, which operates an online marketplace for artists and collectors in China, has filed for an initial public offering (IPO) on the U.S. stock market.

The company plans to list on the Nasdaq under the symbol "OCG," by offering 5.065 million shares at 4 U.S. dollars apiece, according to its latest prospectus filed Friday with the U.S. Securities and Exchange Commission. (US-Chinese firm-IPO)

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NEW YORK -- China's economy is expected to rebound in the second quarter following the country's effective efforts to contain the novel coronavirus, a J.P. Morgan economist has said.

"We do believe that China was very aggressive and successful in containing the crisis," said Bruce Kasman, chief economist and head of global economic research at J.P. Morgan, adding the world's second largest economy "should rebound this quarter." (US-China-Economy)

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MUMBAI -- Indian states are on a spree to ban consumption, spitting and smoking of tobacco and tobacco products in public places following a directive by federal government to all states in the country.

On Saturday, India's western state of Maharashtra and South-Western state of Karnataka announced a ban following a similar ban announced by the Northern state of Rajasthan and North Eastern state of Jharkhand. (India-Pandemic-Tobacco)

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