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Bloomberg Petroleos Mexicanos’s trading arm PMI has declared a force majeure on some fuel cargoes, deferring other cargoes until later in the year, after measures to contain the coronavirus outbreak pummeled demand. Some fuel deliveries are being postponed until the second half of the year, according to people familiar with the situation. More than 70 tankers were waiting to unload ...

Bloomberg Former President Barack Obama delivered a blistering attack on Donald Trump’s handling of the coronavirus pandemic, calling it “an absolute chaotic disaster” as well as “anemic.” Obama’s remarks, first reported by Yahoo News, came in a leaked call as the former president exhorted members of his administration to rally behind presumptive 2020 Democratic nominee Joe Biden. The comments were ...

Bloomberg Italian debt is once again the must-watch bellwether for growing tensions within the euro-area. Global investors have lasered in on the nation’s bonds because, while they feature tempting yields, the government’s relatively weak finances add to the shared risk across the region. UniCredit SpA estimates foreign asset managers and hedge funds’ exposure to Italian government bonds may be around ...

Bloomberg Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected. The drop in employment adds to the 1 million decline in March. The jobless rate jumped to 13% in April, the agency said in Ottawa. Economists were anticipating a loss of ...

Bloomberg The US health-care industry wasn’t immune to the devastating job losses caused by the coronavirus last month. Even as health-care workers battled Covid-19 in emergency rooms and intensive-care units across the country, the industry saw 1.4 million jobs vanish in April, the Labor Department reported on. That equates to about one of every 12 health-care jobs. The largest declines ...

Bloomberg Plant-based protein companies have been trying to sway consumers away from beef for years. Now, meat shortages caused by Covid-19 pandemic are making their job easier. Faux meat producers have a once-in-a-lifetime opportunity as supplies of beef tighten in the US. Wendy’s Co. has been running out of hamburgers at some locations, while Kroger Co. and Costco Wholesale Corp. ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, praised the call of the Higher Committee of Human Fraternity to all people to make Thursday, May 14, a day to pray to end the coronavirus pandemic. Sheikh Nahyan said that His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

ABU DHABI / WAM As part of its social responsibility programmes and voluntary efforts, Abu Dhabi Agriculture and Food Safety Authority (Adafsa), represented by its social service program “Auwn”, participated in several charitable and humanitarian schemes performed Emirates Red Crescent (ERC) during the holy month of Ramadan. This participation comes as part of its initiative “from your homes lighting their ...

ABU DHABI / Emirates Business The Authority of Social Contribution – Ma’an has announced its ‘Together We Share’ initiative has already delivered more than more than 3 million nutritious meals to workers across the Emirate of Abu Dhabi. Since deliveries started on 1 May, meals have been provided for tens of thousands of workers based in accommodation across 35 complexes ...

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced there has been a continued improvement of air quality in Abu Dhabi due to government efforts to control human and traffic movement in the capital, as part of the precautionary measures undertaken to combat Covid-19. The agency observed that air pollutants such as nitrogen dioxide (NO2) had decreased ...