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Sharjah / WAM The Expo Centre Sharjah on Wednesday posted on its social media platforms a video highlighting the importance of conferences and exhibitions as a vital method for humanitarian and cultural communication, on the occasion of the Global Exhibitions Day 2020, which is observed on June 3 every year. The video also highlighted the key role of conferences and ...

Bloomberg The World Economic Forum (WEF) still plans to hold some form of gathering of business and financial titans in the Swiss town of Davos next January. While similar events have been cancelled due to the coronavirus pandemic, WEF Founder Klaus Schwab said on Wednesday that he intends to host a twin summit, with some delegates in Davos and others ...

Bloomberg The European Union (EU) is pressing for a global deal to eliminate tariffs on pharmaceuticals and medical supplies in an effort to guard against the kind of supply-chain shock triggered by the coronavirus pandemic. The European Commission, the EU’s executive arm, outlined options for encouraging worldwide commerce in health-care goods in a policy paper due to be discussed by ...

Bloomberg Bolstering wages and working conditions of low-paid workers in Britain should be a priority when the government starts to withdraw the economic support put in place during the coronavirus crisis, according to the Resolution Foundation. Those employees need a post-pandemic settlement giving them better pay and more control, the think tank said in a report published on Wednesday. Low-wage ...

Bloomberg Prime Minister Giuseppe Conte will unveil his a plan to rebuild a battered economy on the day Italians end almost three months of lockdown and can travel freely again. The premier will outline his government’s recovery strategy in a speech, Italian media reported, and repeat an appeal to put aside the country’s political divisions. Conte, who heads an unruly ...

Bloomberg German unemployment rose to the highest level since late 2015, underscoring the struggle that even countries with well-established safety nets face in shielding workers from the pandemic-induced crisis. The number of people out of work rose by 238,000 in May, following an even bigger jump the previous month, according to the Federal Labour Agency in Nuremberg. Economists at the ...

Bloomberg Google surreptitiously amasses billions of bits of information — every day — about internet users even if they opt out of sharing their information, three consumers alleged in a proposed class action lawsuit. “Google tracks and collects consumer browsing history and other web activity data no matter what safeguards consumers undertake to protect their data privacy,” according to the ...

DUBAI / WAM Dubai-based Emerging Markets Property Group (EMPG) and OLX Group, owners of home grown technology firms Bayut and Dubizzle, have announced the merger of their Mena and South Asia operations to form an AED3.6 billion ($1 billion) Dubai-based unicorn company. The merger is the latest in a series of entrepreneurial successes that reinforce Dubai’s reputation as a global ...

Bloomberg Oil rose past $36 a barrel as investors eyed a potential extension of record production curbs by Opec+ while physical markets showed renewed signs of tightness. Futures in New York rose around 2.7%. Russia and several producers in the Organisation of Petroleum Exporting Countries and its allies are said to favour an extension of one month to existing cuts, ...

GENEVA / WAM The International Air Transport Association (IATA) urged governments to quickly implement the International Civil Aviation Organisation’s (ICAO) global guidelines for restoring air connectivity. Today, the ICAO Council approved ‘Takeoff: Guidance for Air Travel through the Covid-19 Public Health Crisis,’ an authoritative and comprehensive framework of risk-based temporary measures for air transport operations during Covid-19 crisis, the IATA ...