Al Ain / WAM The UAE’s first respirator manufacturing facility, established in May in Al Ain with an annual output capacity of over 30 million units, has already secured orders until the end of 2020, a top executive told Emirates News Agency (WAM). “To date, we have already supplied N95 masks to those on the UAE’s frontline, including healthcare workers ...
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Covid-19: UK opts out of EU’s $2.3bn virus vaccine program
Bloomberg The UK ruled out joining the European Union’s 2 billion-euro ($2.3 billion) coronavirus vaccine program, fuelling concern among doctors that a go-it-alone approach after Brexit risks delaying vital medical supplies. Signing up would prevent the UK from pursuing parallel negotiations with potential vaccine suppliers, the UK’s ambassador to the EU, Tim Barrow, wrote in a letter to the European ...
Read More »Canada adds 1m jobs, but earns only muted cheer
Bloomberg Canada reclaimed almost one million jobs of those lost to the coronavirus pandemic, a promising start to what’s expected to be an arduous recovery. Employment rose by 952,900 in June as lockdown restrictions began to ease, Statistics Canada reported on Friday, adding to the 290,000 jobs created in May. The two-month total represents just over 40% of the 3 ...
Read More »Silver Peak to explore $1bn sale
Bloomberg Silver Peak Systems Inc., a networking company backed by venture capital firms Greylock Partners and TCV, is exploring a potential sale that could value it around $1 billion, according to people familiar with the matter. The Santa Clara, California-based company is working with a financial adviser, the people said, asking not to be named because the matter is private. ...
Read More »Google to restrict ads for tracking tech, spyware
Bloomberg Alphabet Inc.’s Google is changing its policies next month to restrict advertising for spyware and other unauthorized tracking technology. The change “will prohibit the promotion of products or services that are marketed or targeted with the express purpose of tracking or monitoring another person or their activities without their authorisation,†according to the company. While ads for these products ...
Read More »Google, Amazon, J&J join WHO to fight Covid-era smoking
Bloomberg With the World Health Organisation (WHO) warning the globe’s 1.3 billion tobacco users are at higher risk during the global Covid-19 pandemic and in need of new tools to quit, it’s calling in the big guns: Johnson & Johnson, Amazon.com Inc. and Alphabet Inc.’s Google. In a rare tie-up with the private sector, the WHO is launching with its ...
Read More »Mohamed appoints board for ‘Frontline Heroes Office’
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Frontline Heroes Office, has appointed the Board of the Office, under the chairmanship of Sheikh Sultan bin Tahnoon Al Nahyan. The Board of the Frontline Heroes Office includes the following members: ...
Read More »Oil hits $41 as new virus cases weigh against demand return
Bloomberg Oil traded near $41 a barrel in New York as coronavirus cases continued to surge globally, casting doubt over the market’s rebounding consumption. US crude traded lower, while Brent edged higher. Goldman Sachs recommended buying global benchmark futures over WTI as American inventories grow. US crude stockpiles rose last week, according to government data, but gasoline demand recovered to ...
Read More »India plans to raise $2.7bn selling stakes in two firms
Bloomberg India is considering a plan to raise as much as 200 billion rupees ($2.7 billion) by selling stake in the world’s largest coal producer, and a bank to fund a stimulus program aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on market sentiment, said the officials, who ...
Read More »Covid-19: UAE reports 1,288 new recoveries
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted over 49,000 additional Covid-19 tests, using state-of-the-art medical testing equipment. In a statement, the ministry affirmed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. The ministry noted an additional ...
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