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Bloomberg German Finance Minister Olaf Scholz is planning to raise more debt this year and next to help pay for the government’s massive stimulus program. Scholz will propose to raise debt by at least 30 billion euros ($33.9 billion) in a supplement to this year’s budget that will require parliamentary approval, according to people familiar with the discussion. Further borrowing ...

Bloomberg Facebook Inc. Chief Executive Officer Mark Zuckerberg said the company will review content policies after employees blasted their leader for his decision to leave up controversial posts from US President Donald Trump. The company will review policies on posts that promote or threaten state use of force or voter suppression techniques, and will also look into options for flagging ...

Bloomberg Bank of Spain Governor Pablo Hernandez de Cos is keeping up pressure on the government and lawmakers to ensure emergency spending on the coronavirus crisis is accompanied with a long-term plan to address the debts it will incur. “The measures have to include prudent forecasts about what would be the results of proposed spending cuts or of a proposed ...

Bloomberg Tesla Inc. Chief Executive Officer Elon Musk said it’s “time to break up Amazon” in a tweet, escalating a rivalry with Amazon.com Inc. CEO Jeff Bezos, another billionaire investing in space exploration. “Monopolies are wrong,” Musk tweeted while tagging Bezos, the world’s wealthiest man. The online retailer is among tech companies being scrutinised by federal regulators and lawmakers for ...

Bloomberg Surrounded by largely empty offices, builders last month returned to Dublin’s tech district, known as Silicon Docks. Dressed in green vests and with new safety rules to comply with, workers raced to complete developments earmarked for Alphabet Inc.’s Google, just days after a navy coronavirus testing ship nearby left. Construction resumed even as the virus throws up a new ...

ABU DHABI / WAM The UAE government has raised to 50 percent the capacity level of staffing at all ministries and federal authorities effective Sunday, June 7, taking into consideration their full abidance by all Covid-19 countermeasures. In an announcement, the government said the decision follows the successful return of federal staff by 30 percent last week. “The move falls ...

Bloomberg When it comes to US-China friction, Asia’s loss is turning into Latin America’s gain. The worsening relationship between the world’s two biggest economies is driving capital out of Asia into nations such as Brazil and Mexico, where the March rout has left valuations too low to ignore. Investors are now paying the most in three years to own Latin ...

ABU DHABI / WAM Etihad Airways will link 20 cities in Europe, Asia and Australia via Abu Dhabi, effective June 10. In a statement by the airline on Thursday, the new transfer services will make it possible for those travelling on the airline’s current network of special flights to connect easily through the UAE capital onwards to key global destinations. ...

ABU DHABI / WAM UAE Minister of State for International Cooperation Reem Al Hashemy will participate in the Global Vaccine Summit 2020 which will be hosted by British Prime Minister Boris Johnson. This will be the main UK-hosted global health summit this year and the first virtual summit that the Johnson will host since the start of the Covid-19 pandemic. ...

Abu Dhabi / WAM By deploying innovative technologies that are relevant to the region, such as solar power plants, onshore wind farms and waste-to-energy projects, Masdar is supporting UAE’s sustainable development, stated Mohamed Jameel Al-Ramahi, CEO of the Abu Dhabi Future Energy Company (Masdar). “Since Masdar was established in 2006, the number of people living in urban communities has overtaken ...