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Bloomberg UK businesses face a 50 billion-pound ($68 billion) “bombshell” unless a series of government pandemic aid programs are extended, the Labour opposition warned. With many firms running out of cash, the party urged Chancellor Rishi Sunak not to wait until his budget on March 3 to prolong business rates relief, a sales tax reduction and his flagship furlough program. ...

Bloomberg French economic activity is running at 5% below pre-crisis levels as the government holds off from imposing a full Covid-19 lockdown beyond the current curfew and closures in some sectors, the Bank of France said on Tuesday. After dipping to 7% below normal during November’s lockdown, the economy improved somewhat in December and is expected to remain steady through ...

Bloomberg Facebook Inc. said it will take stronger steps to eliminate false information about Covid-19 and vaccines on its social network, a move that could remove major groups, accounts and Instagram pages for repeatedly spreading misinformation. The company is acting on advice from the World Health Organisation (WHO) and other groups to expand its list of false claims that are ...

Bloomberg Mario Draghi told lawmakers he’ll make a common euro-area budget a policy priority for Italy if he becomes prime minister this month, in a sign of his ambitions for the incoming administration. Carlo Calenda, head of the Azione party, and Manfred Schullian, head of the group of unaffiliated lawmakers in lower house, both told Bloomberg that Draghi had emphasised ...

Dubai / WAM Dubai is seeing growing interest from Zimbabwean agribusiness companies that are keen to leverage the emirate as a strategic hub for boost trade, industry experts said during a webinar. The virtual forum, organised by Dubai Chamber’s representative office in Mozambique in cooperation with DEAT Capital, DP World and Dubai Exports, examined existing trade synergies between the UAE ...

Dubai / WAM Expo 2020 Dubai will use its cutting-edge projection and display technology to illuminate Al Wasl dome in a rich red hue, to celebrate the UAE’s Hope Probe reaching the Mars orbit on 9th February. As the Emirates’ first mission to Mars enters the Red Planet’s orbit, one of the largest 360-degree projection surfaces in the world will ...

Dubai / WAM Breakbulk Middle East (BBME) will host their Digital Special on Tuesday in the midst of high-level officials and professionals from the breakbulk and project cargo industry. The live-in person event is scheduled to be held on February 1-2, 2022. The event will feature discussions on topics of importance like the significant role of women in the industry ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 148,587 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Monday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Bloomberg The military coup in Myanmar has gone past the point of no return, according to a confidential UK foreign office assessment, in a sign that major democracies expect to have limited ability to influence the events unfolding inside the country. The bleak view from a senior British diplomat concludes the coup is irreversible, and that army chief Min Aung ...

Bloomberg German Finance Minister Olaf Scholz stepped up his bid to return the Social Democrats to the chancellery after Angela Merkel leaves this fall, presenting a fiscally expansive platform to finance a sweeping shift to cleaner energy and better digital infrastructure. Scholz, the SPD’s candidate for chancellor in Germany’s September 26 election, and his party are betting on a spending ...