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ABU DHABI / WAM The Abu Dhabi Global Market (ADGM) is organising a series of webinars on the current business environment. ‘ADGM Webcast Series 2020’ will cover topics across the spectrum of organisational strategy in a rapidly changing landscape, according to a tweet by ADGM on Monday. The webinar will bring together leading industry experts to provide the businesspersons with ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has said that it continues to carry out food shipment inspections at border-crossing points in Abu Dhabi. In a statement on Monday, the authority said inspection efforts are conducted for all food shipments imported to the emirate’s ports, as well as transit shipments. Adafsa noted that physical, ...

ABU DHABI / WAM UK-based travel service provider, dnata Travel Group, signed a partnership agreement with Etihad Airways to provide sales and service, ground product and brand marketing functions for Etihad Holidays in the UK. The collaboration seeks to increase Etihad Holidays’ distribution power in this market providing opportunities for greater engagement with UK travellers. The partnership formally commences in ...

Bloomberg US President Donald Trump threatened to withdraw altogether from the World Health Organisation (WHO), a move that would leave Chinese leader Xi Jinping as the most prominent voice leading the global fight against the coronavirus pandemic. In a four-page letter detailing his grievances with the WHO, Trump called on the group to “demonstrate independence from China,” renewing a complaint ...

Bloomberg Carnival Corp. was cut to junk by Moody’s Investors Service amid a prolonged suspension of the cruise company’s operations because of the Covid-19 pandemic. Moody’s assigned the company a Ba1 rating, the highest junk grade, and lowered its rating on Carnival’s senior unsecured notes by one notch to the same level. It said in a statement Monday that Carnival’s ...

Bloomberg Coronavirus-fractured supply chains are providing a wake-up call to British business and leaders with just seven months to go before Brexit triggers the biggest shakeup of trading relationships in a generation. Eighty-two percent of small- and medium-sized manufacturers say the pandemic has affected their supply chains. That’s according to a survey of more than 600 English firms by the ...

Bloomberg Leaders need to do more to secure a quick and sustainable recovery for the global economy, according to the World Economic Forum (WEF). In a survey of almost 350 risk professionals, the Geneva-based group said that two-thirds identified a drawn-out downturn as the greatest risk now facing the world over the coming year and a half. The pandemic has ...

Bloomberg While uncertainty abounds in economic forecasting, US unemployment will likely stay “severely” elevated well into next year, according to a report by two economists at the Federal Reserve Bank of San Francisco. The jobless rate has already climbed to historic levels in just two months following the onset of the coronavirus-induced economic lockdown. A return to low unemployment will ...

Bloomberg European car sales virtually stopped in April, dropping the most on record after the coronavirus halted production and closed dealerships from Spain to Germany. Passenger vehicle registrations in the European Union, the European Free Trade Association and the UK fell 78% year-over-year. Companies sold just 292,182 cars — the lowest number since data-gathering began in 1990, and a further ...

Bloomberg Thyssenkrupp AG will shrink and focus on higher-margin businesses as the coronavirus pandemic speeds the break up of one of Germany’s last mega-conglomerates. The company said it’s considering the sale of units that make steel and submarines as it fights for survival. Once a byword for German engineering prowess, Thyssenkrupp will be gradually split apart as Chief Executive Officer ...