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Tokyo / WAM Japan imported from the United Arab Emirates 20.173 million barrels of crude oil in September, data released by the Agency of Energy and Natural Resource in Tokyo, showed. This accounts for 31.4% of Japan’s total crude imports, the agency that belongs to the Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 25.721 million barrels, or ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE celebrated the 15th anniversary of its first service between Abu Dhabi and Brussels. Since launching the flights on October 31, 2005, Etihad has carried almost 2 million passengers between the two capitals, building on strong demand for point-to-point business and leisure travel between Abu Dhabi and Brussels. The ...

Dubai / WAM Dubai Customs has been named the “Best PMO in the World 2020” at the PMO Global Awards organised by the PMO Global Alliance, the leading global community of project management professionals. Dubai Customs outclassed government departments and private companies worldwide to win the prestigious global honour. With 125 projects worth AED350 million implemented between 2007 and 2019, ...

Bloomberg The furlough program deployed by UK Chancellor of the Exchequer Rishi Sunak to avert mass job losses comes to an end as a resurgence of coronavirus leaves the economy vulnerable to another shock. At their height, government wage subsidies protected almost 9 million jobs and the cost has been vast — over 40 billion pounds ($52 billion) at the ...

Bloomberg Apple Inc. was told to pay VirnetX Holding Corp. $502.8 million, the latest jury verdict in a decade-long saga over patents for secure communications. The jury in Tyler, Texas, reached its verdict in about 90 minutes. It was asked to decide only how much Apple owes VirnetX in royalties for VPN on Demand, a feature that allows users access ...

Bloomberg Justin Trudeau’s fast-track visa program gave Canada an edge over the US in the global race for talent. The pandemic is eroding it, leaving some tech startups and their recruits in limbo. The visa has been used to accelerate the arrival of thousands of software engineers, computer programmers and other professionals since 2017. But the number of people entering ...

Bloomberg The Italian government may move as soon as this weekend to impose lockdowns on several cities hit hardest by the coronavirus outbreak, Corriere della Sera reported on Saturday. Italy, which has been under a partial lockdown for last week, could also add measures including a ban on travel between regions “in coming hours,” the daily reported, citing increased pressure ...

Bloomberg Ships carrying cargoes around the world are waiting for days to pass through the Panama Canal, as pandemic-hit staffing caused congestion at the key pinch point. Long waiting times are affecting shipments of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from the US Gulf Coast to Asia, according to people with direct knowledge of the situation. The ...

Abu Dhabi / WAM Abu Dhabi’s trade in pearls, precious stones and metals has witnessed significant activity in the first five months of this year, rising to AED8.8 billion, a 25.7 percent increase compared to AED7 billion in the same period of 2019, according to the Abu Dhabi Statistics Centre. This significant jump reinforces the position of the emirate and ...

Bloomberg Oil falls sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for the consumption once again. Crude futures in New York fall 4.6%, while those in London retreated below $40 a barrel, the lowest since October 5. Germany is proposing widespread curbs for a month, while France is preparing tougher restrictions that may include ...