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ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, Chairman of the National Media Council (NMC), has stated that the media sector in the UAE is resilient enough to respond to the fallout of the Covid-19 pandemic and turn challenges to opportunities to reshape and implement pace-setting strategies that can be relied upon in the ...

Bloomberg The operator of the London Underground is in talks on a 2 billion-pound ($2.5 billion) state bailout as coronavirus restrictions curtail travel in the UK capital, the Sunday Times reported. Transport for London (TfL), which also oversees bus services, will likely have to delay or scrap major expansion plans in return for the funding, the newspaper said, without giving ...

Bloomberg President Donald Trump’s top economic advisers had argued that a “safe” reopening of the US is the needed urgently as they stare down the worst job numbers since the Great Depression. Meanwhile, although Trump has said he’s in no rush to enact another round of economic stimulus, the economic team said informal discussions are under way with members of ...

Bloomberg Germany will broaden its economic aid to more areas including arts to help them weather the fallout from the coronavirus, the Tagesspiegel newspaper cited Finance Minister Olaf Scholz as saying in an interview. “The arts and culture need their own stimulus program, we want to massively help people here,” Scholz said. “We also have to do something for hotels ...

Bloomberg Argentina extended the deadline to its debt offer to May 22, the government said in a resolution published in the Official Gazette on Monday. The previous deadline was May 8 and the extension means results will now be announced on May 25 and liquidated on May 27, according to the resolution. Bloomberg reported the plans to prolong the deadline ...

Bloomberg Volkswagen AG is starting a sales initiative to revive demand in its domestic German market as consumer uncertainty across Europe’s largest economy risks choking off factory restarts. The world’s biggest carmarker will offer improved leasing and financing terms and payment-protection insurance in case buyers lose their jobs, VW’s passenger-car division said on Monday in a statement. The program for ...

Bloomberg In the middle of a spat between Europe’s top courts over the limits of European Central Bank (ECB) monetary stimulus, President Christine Lagarde is probably preparing to do even more. A lawyer herself, Lagarde says her institution is “undeterred” by a legal tussle over its 2.7 trillion-euro ($2.9 trillion) asset-purchase program, and will do what’s needed to carry the ...

ROME / WAM David Beasley, Executive Director of the UN World Food Programme (WFP) has expressed his gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his relentless efforts to fight disease and hunger across the world. ”Thanks to my good friend @MohamedBinZayed….. . ...

Dubai / Emirates Business The Emirates Group on Sunday announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due to the Covid-19 pandemic in the fourth quarter. Released in its 2019-20 annual report, the ...

ABU DHABI / WAM Two organisations from the UAE and Saudi Arabia have joined forces to launch a media project in support of People of Determination on social media platforms. The Zayed Higher Organisation for People of Determination and the King Salman Centre for Disability Research on Sunday announced the campaign, ‘To Be Closer to You’, aims to activate dialogue between ...