ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, held a video call with Nikola Dimitrov, Minister of Foreign Affairs for North Macedonia, in which they discussed a number of issues of common concern, including new avenues for cooperation and efforts to contain Covid-19. The ministers noted the friendly ties ...
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Dubai Chamber: UAE-Russia food trade has potential for growth
Dubai / WAM UAE-Russia food trade has increased steadily in recent years due to cooperation on food security and Moscow’s efforts to diversify exports. Yet, a Dubai Chamber of Commerce and Industry webinar revealed that much potential still remains in both traditional categories and niche markets. The webinar, titled ”Russia-UAE Food Trade in the Post-Covid-19 Era”, attracted 131 participants from ...
Read More »UAE sends medical aid to Lima, Peru to fight Covid-19
ABU DHABI / WAM The UAE on Thursday sent an aid plane carrying five metric tons of medical supplies to Lima, Peru to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 5,000 medical professionals as they work to contain the virus. To date, the UAE has responded to the Covid-19 crisis by providing ...
Read More »Etihad supporting UAE’s humanitarian relief missions
Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation, has transported humanitarian aid from the government of the United Arab Emirates to 54 destinations. To date, Etihad Airways operated 106 UAE humanitarian aid charters to 54 destinations and played a key role in transporting medical ...
Read More »SZBA seminar explores digital impact on publishing sector
Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) has explored digital impact on the publishing sector during a seminar entitled ‘Building a Digital Ecosystem for Knowledge’. Moderated by Saeed Hamdan Al Tunaiji, Director of Publishing at the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, the seminar was attended by Abdulla Majid al Ali, Executive ...
Read More »Facebook and Google risk breakups
Bloomberg The UK’s Competition and Markets Authority (CMA) called for sweeping new powers to roll back the dominance of Google and Facebook Inc. in the online-advertising market, a move designed to push global regulators to be more aggressive against the tech giants. The watchdog said a new regime should have the ability to respond far more quickly to digital monopolies ...
Read More »Hertz, creditors in $11b standoff over used cars
Bloomberg Bankrupt Hertz Global Holdings Inc. and its bondholders are squaring off over how to shrink its nearly half-a-million vehicle fleet. Market watchers say the outcome could upend the multi-billion dollar lease-backed ABS industry. The cars are housed in an entity linked to Hertz’s asset-backed securities and leased to the rental giant. Normally, when a company with ABS files for ...
Read More »LatAm heads for deepest slump at least since 1901
Bloomberg The World Bank projects the recession in Latin America and the Caribbean will be the worst downturn since reliable data began in 1901, setting back progress on fighting inequality and poverty. The development institution expects a gross domestic product (GDP) contraction of more than 7% for 2020, making it worse than any crisis of the past century, including the ...
Read More »Rental e-scooters to be made legal in UK
Bloomberg Rental e-scooters will become legal on UK roads from July 4 after the government published the rules companies must follow to deploy the electric vehicles. Large-scale trials can start at the weekend and last for a year, the Department for Transport said in a statement. It will closely monitor activity and public feedback with a view to fully legalising ...
Read More »Accenture cuts up to 900 jobs
Bloomberg Consulting firm Accenture is cutting up to 900 jobs, or 8% of its UK workforce, as the coronavirus pandemic prompted a sharp slump in demand for its advisory work. Between 700 and 900 jobs will be affected by the planned cuts, an Accenture spokesman said Thursday in an email. The company has notified staff and plans “collective consultation†for ...
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