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Bloomberg More economic upheaval is on the horizon in Europe as plans to end the unprecedented support for workers during the coronavirus pandemic threaten to tip millions of households into a debt trap. Organisations that help individuals sort out their financial problems are warning of a sharp increase in the number of families burdened by bills they can’t pay. Even ...

Sharjah / WAM Orient Source Hong Kong Group of Companies (OSHK) the International Commodity Trader and Project Investor, made its foray into UAE by launching its state-of-art 247,570 ft2 Multi-Functional Offshore & Repair Facility at the Port of Hamriyah in Sharjah along with a Trading Platform with Hamriyah Free Zone. The inauguration of the new facility was announced during a ...

Abu Dhabi / WAM The Department of Government Support, which is represented by the Abu Dhabi Digital Authority (ADDA) announced the launch of the new Customer Relationship Management platform for the Abu Dhabi Government. The platform aims to improve customer experience as new services and solutions will now be provided to end users, enabling them to complete their transactions with ...

Dubai / WAM A report by the Business Registration and Licensing (BRL) sector of Dubai Economy shows that the number of operating businesses in Jumeirah reached 3,648 to date. According to a press release issued by Dubai Economy on Saturday, the licences issued according to the activities are: commercial (1,919), professional (1,663), tourism (48) and industrial (18). In terms of ...

Bloomberg The US is placing sanctions on 11 Chinese officials and their allies in Hong Kong, including Chief Executive Carrie Lam, over their roles in curtailing political freedoms in the former UK colony, the Treasury Department said. “The United States stands with the people of Hong Kong and we will use our tools and authorities to target those undermining their ...

Bloomberg For almost six months, Vietnamese officials every day announced a fairly astonishing statistic for a nation of 96 million: no Covid-19 deaths. But that changed on July 31, with 10 deaths being reported since. After no reports of community transmission cases since April 16, an outbreak in the coastal city of Danang turned deadly in late July. The virus ...

Bloomberg President Donald Trump’s order banning US companies from doing business with Chinese messaging app WeChat could damage iPhone sales in one of Apple Inc.’s most important markets. The order would block all transactions involving WeChat, which would prohibit Apple from distributing WeChat to mobile devices through its App Store. WeChat is central to digital life in China. It’s the ...

Bloomberg The Italian government has approved its latest bundle of coronavirus related norms aimed at supporting businesses and workers damaged by the coronavirus pandemic. The measures known as “August decree” include tax breaks for small and medium-sized businesses and companies that hire in Southern Italy, an extension of one-off payments for tourism and entertainment industry workers, money for the healthcare ...

Bloomberg Boris Johnson’s government warned British tourists they face more disruption to their plans for holidays in Europe amid reports that France may be next on the UK list of countries hit by coronavirus travel restrictions. Belgium, Andorra and The Bahamas were added to the quarantine list — meaning all passengers arriving from these areas will need to self-isolate at ...

Bloomberg Canada’s economy recorded a third straight month of strong employment gains that have recouped more than half of losses from Covid-19. Employment rose by 418,500 in July, bringing to 1.7 million the number of jobs reclaimed over the past three months. Canada lost 3 million jobs in March and April at the height of the pandemic. The employment rebound ...