News

Bloomberg Learning new skills is taking on greater significance at manufacturer Zero Point 8 in the UK’s industrial heartland. For workers, it’s about staying employed and healthy. For the company, it’s about keeping afloat. Social distancing rules that dictate production can only continue safely if workers are two meters apart means splitting them into two shifts. Some staff at the ...

Bloomberg Bayer AG’s Werner Baumann has a return engagement with shareholders after an unprecedented rebuke last year. Though an avalanche of Roundup litigation has grown, the chief executive officer appears to be on firmer footing this time around. While Baumann has failed to settle claims with more than 50,000 US plaintiffs who say the weedkiller caused cancer, he has drawn ...

Bloomberg The German government has brought in SAP SE and Deutsche Telekom AG to help develop an app to trace Covid-19 infections as European governments look to national champions to help build solutions to the pandemic. “Deutsche Telekom and SAP will play their part in Germany and throughout Europe to ensure that European digital technologies are a central component in ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), and Abu Dhabi Power Corporation (ADPower) announced on Monday the issuance of a joint tender for a first-of-its-kind project in the Middle East & North Africa (Mena) region. The joint tender sets out to develop and operate the region’s first high-voltage, direct current, HVDC, sub-sea transmission system, that will ...

Bloomberg Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid 16%, snapping a four-day gain. While US drilling is sliding and Saudi Arabia started reducing output ahead of the start date for Opec+ supply cuts, an immense glut ...

RIYADH / WAM The government of Saudi Arabia signed a SR995 million contract with China to provide nine million Covid-19 tests for nine million people in the Kingdom. The Saudi Press Agency (SPA) reported that the decision came “as a result of a phone call made between the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud ...

Bloomberg India is considering a proposal to guarantee as much as 3 trillion rupees ($39 billion) of loans to small businesses as part of a plan to restart Asia’s third-largest economy, which is reeling under the impact of a 40-day lockdown, people with knowledge of the matter said. Under the proposal, small firms will be eligible to borrow an additional ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) executed 142,063 transactions for the public through its digital channels and customer service centres across the emirate of Abu Dhabi, during the first quarter of 2020. The number of services conducted using the ADAFSA’s smart application and website reached 138,423, accounting for 97.4 percent of the total ...

Dubai / WAM The Arab Reading Challenge (ARC) initiative has announced holding online interactive sessions on Instagram to promote reading among students. Through eight interactive sessions during the Holy Month of Ramadan, children’s books authors, experts and media figures will address a variety of topics on reading and share tips on book selection, storytelling and writing. The sessions, to broadcast ...

ABU DHABI / WAM The Abu Dhabi Commercial Court has held 579 remote trials with various litigation degrees of First Instance and Appeal, through video-conference system, since the activation of the remote work plan of the Abu Dhabi Judicial Department (ADJD). According to detailed information, the judges of the Commercial Court held 165 hearings in the Chambers of First Instance, ...