ABU DHABI / WAM The National Emergency, Crisis and Disasters Management Authority denies the false information circulated on social media sites regarding the closing of shopping mall and commercial centres in the country for a renewable period of two weeks, and obliging restaurants to provide delivery services only. The authority has stressed the importance of obtaining news from the official ...

Bloomberg One of the largest utilities in America is starting to turn its back on natural gas. Dominion Energy Inc, the second-biggest US power company by market value, said it’s selling substantially all of its gas pipeline and storage assets to Berkshire Hathaway Inc for $4 billion. In a separate statement, Dominion and its partner Duke Energy Corp said they’re ...

Bloomberg A Chinese coal industry group halted publication of a daily consumption index that was widely used as a real-time indicator of the nation’s economic health. Accurate and timely data is key to understanding the world’s second-biggest economy, but releases can often change with little warning, even when the figures are from official sources. The coal market lost an important ...

The French revolutionaries’ instrument for administering the 1793-1794 Reign of Terror was the Committee of Public Safety. Today, China’s totalitarians, displaying either ignorance of this unsavory history, or arrogance in flaunting their emulation of it, call their new instrument for suffocating Hong Kong the Commission for Safeguarding National Security. Yet again, actual tyranny is imposed in the supposed service of ...

After the great recession, the American economy rebounded faster and stronger than the euro zone, raising doubts over the effectiveness of the “European social model.” As Europe emerges from the first wave of the Covid-19 epidemic in better shape than the US, its combination of welfare states and strong public health systems suddenly seems appealing again. The US is still ...

Although the better-than-expected US employment numbers that came out last week give reason for optimism, it is far too early to declare victory over the threat of further economic damage. Yes, the jobs report and other data released last week illustrated the kind of impressive across-the-board recovery that the economy is capable of. But the durability of this much-needed recovery ...

The NBA may be reflecting a still-hidden trend in the broader US economy: People may not actually be so keen to return to work. The NBA is planning to resume a fragment of its regular season, and then the playoffs, in a custom-tailored “bubble” in Orlando, Florida, on July 30. The games will be played only among the top teams in ...

Bloomberg For Swiss running shoemaker On AG, whose proprietary cushioning technology has attracted Roger Federer as an investor, the global coronavirus lockdowns had positive side effects. Online sales more than tripled in the three months through May as consumers itching for a good workout but wary of gyms turned to outdoor running, according to Chief Executive Officer David Allemann. Demand ...

Bloomberg Virgin Australia Holdings Ltd bondholders asked the country’s deals regulator to let them pitch a plan to rescue the airline in an effort to derail a sale to Bain Capital LP. Singapore-based Broad Peak Investment Advisers Pte and other bondholders told the Takeovers Panel that some elements of the Deloitte-run auction of the airline were “unacceptable” and effectively barred ...

Bloomberg Airbus SE Chief Executive Officer Guillaume Faury called on the European Union to coordinate the return of international air traffic, saying chaotic decision-making on flight bans by member countries at the start of the pandemic revealed weaknesses in the way the region works. “We need one decision making center and we don’t have one. We see Europe’s weaknesses in ...