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Drive-thru Covid-19 test centres to facilitate Abu Dhabi entry

Abu Dhabi / WAM Seven new drive-through coronavirus screening centres have opened across the country. Seha’s Ambulatory Healthcare Services announced on Tuesday the launch of laser-based DPI testing (blood test) for people wanting to enter or renter Abu Dhabi at selected drive-through screening centres. “During the first phase, the service will be provided at screening centres in Zayed Sports City ...

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China’s Tongwei Solar increases cell prices 11%

Bloomberg Tongwei Solar, a unit of Tongwei Co, raised multicrystalline solar cell prices by 11% to 0.6 yuan per watt, according to a notice on its website. The company, the world’s leading cell producer, also increased prices for three types of monocrystalline cells by 0.08 yuan per watt each, about a 9% increase. The hike is the second in less ...

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China seeks to calm US tension despite firing back at Trump

Bloomberg Even as China continues to return fire at the Trump administration, leaders in Beijing are also signalling they want to ease tensions with the US as the clock ticks down to the presidential election. Trump’s moves to ban popular Chinese apps TikTok and WeChat ahead of sending the highest-ranking American official to Taiwan in 40 years — which included ...

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UK suffers biggest job losses since 2009 amid coronavirus

Bloomberg Britain’s mounting labour market crisis was underscored by a 220,000 slump in employment during the height of the coronavirus lockdown, the worst decline since the global financial crisis. The fall in the second quarter coincided with a period that saw the most strict restrictions to contain the spread of the disease. The Office for National Statistics said early indicators ...

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Trump’s student-loan order keeps $1.2tn of debt on ice till 2021

Bloomberg President Donald Trump’s decision to extend a student-loan freeze will take away a financial risk for tens of millions of US households, who now won’t have to resume paying back about $1.2 trillion of debt until at least 2021. The measure, one of four executive actions Trump took on August 8, keeps both repayments and the accumulation of interest ...

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Trudeau taps Carney for help in crafting recovery program

Bloomberg Mark Carney, the only person to run two major nations’ central banks, is helping Justin Trudeau craft next steps in a plan to pull Canada out of a deep recession sparked by the coronavirus. Five months after stepping down as Bank of England governor, Carney has become an informal adviser on policy matters with the Canadian prime minister. Trudeau ...

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Visa beats Google’s record low yield in debut green bond sale

Bloomberg Visa sold bonds at a record low yield as it became the first consumer finance company to issue debt to fund environmentally friendly projects. The world’s largest payments network, sold $3.25 billion of debt in three parts. The shortest portion of the deal is a seven-year green note with at 0.75% coupon, sliding past Google parent Alphabet Inc.’s record ...

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Bee’ah expands into Saudi with three new contracts in Madinah

MADINAH / WAM Bee’ah, the Middle East’s award-winning sustainability pioneer, is expanding into the Kingdom of Saudi Arabia in support of Saudi Vision 2030, after being awarded three contracts for waste management services in Madinah, covering the North, West and East regions. Bee’ah services will be conducted for 70 percent of the city, serving a population of 1.2 million people, ...

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Ministry hosts session on content creation

Abu Dhabi / WAM The Ministry for Cultural and Youth announced the agenda of the fourth week of its summer camp, with a discussion session chaired by Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, entitled, “Content Creation: The Message and Influence.” The session was held with the participation of Sheikh Dr Majid Al Qasimi, Co-Founder and Director ...

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Nasdaq, DGCX ink tech deal

Dubai / WAM Nasdaq and Dubai Gold & Commodities Exchange (DGCX) on Monday announced a major market technology agreement for Nasdaq to provide DGCX with a full suite of integrated marketplace solutions. The marketplace solutions, delivered via the Nasdaq Financial Framework, include multi-asset trading and real time clearing capabilities, pre-trade risk management, as well as market intelligence, market surveillance and ...

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