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Bloomberg A.P. Moller-Maersk is planning a major overhaul of its organisation that is set to affect thousands of jobs at the world’s biggest container shipping company. Maersk said its Safmarine and Damco units will cease to exist as separate entities and instead be incorporated into the group. Borsen reported that the changes will affect about 3,400 jobs, which the company ...

Bloomberg Chicago faces a 2021 budget deficit of $1.2 billion as the coronavirus pandemic decimates the city’s revenue with businesses shut down due to social distancing while recent unrest hurt reopening efforts. Next year’s projected gap comes on top of a 2020 deficit of nearly $800 million for its corporate fund, which accounts for many of the services the city ...

Dubai / WAM Dubai Crown Prince and Chairman of the Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued Executive Council Resolution No. (24) of 2020 on tourist camps in Dubai. The Resolution seeks to reinforce Dubai’s status as a global holiday destination, regulate the set up and operation of tourist camps and enhance ...

Bloomberg Oil rises above $43 a barrel in New York to its highest closing level since early March amid a broader rally in equities and as China’s economic recovery continued. West Texas Intermediate futures snapped a two-day drop, rising 1.4% as of 2:34 pm in Dubai, while Brent crude for November settlement climbed around the same amount to $46.47. Data ...

Abu Dhabi / WAM A medical aid aircraft dispatched by the Emirates Red Crescent (ERC) arrived in Damascus, in coordination with the Syrian Arab Red Crescent, to help reduce the spread of coronavirus(Covid-19) pandemic and support the Syrian medical sector. The medical aid includes basic supplies used to maintain the precautionary and preventive measures aimed at confronting the coronavirus pandemic, ...

Bloomberg India’s economy contracted by the most on record last quarter as the world’s biggest lockdown to stem the coronavirus pandemic brought key industries to a halt and rendered millions of people jobless. Gross domestic product shrinks 23.9% in the three months to June from a year earlier, the Statistics Ministry said in a report on Monday. That’s the sharpest ...

Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis & Disasters Committee for the Covid-19 Pandemic, in collaboration with the Department of Economic Development (DED) has allocated teams to communicate with private companies in Abu Dhabi to discuss their needs and obligations towards their expatriate employees. The move follows the leadership’s directives regarding the protection of workers and their rights, ...

Abu Dhabi / WAM The Healthcare Professionals Licensing Department at the Department of Health – Abu Dhabi (DoH) has issued 4,200 medical licences in 10 weeks, the same amount of time required previously to issue 1,200 licences, to doctors, nurses, and workers in support services. This comes as part of a series of initiatives and programmes launched by DoH, in ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, and Emirates Red Crescent (ERC), a humanitarian organisation that supports official authorities, launched initiatives to support Lebanon after the Beirut explosion. Etihad organised aid to support residents who had been injured or displaced from their homes in Beirut and gathered donations including medical equipment, clothes, and amenity ...

Dubai / WAM The UAE Journalists Association (UAEJA) and the Bahrain Journalists Association (BJA) announced the signing of a cooperation agreement related to journalism and the media. The agreement was signed in Dubai by Mohammed Al Hammadi, Chairman of the UAEJA, and Ahdiya Ahmed, President of BJA, in the presence of a number of UAEJA board members. The agreement stipulates ...