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ABU DHABI / WAM The Ministry of Health and Prevention conducted over 30,000 additional Covid-19 tests among citizens and residents over the past few days, resulting in the detection of 490 new cases. The ministry also announced full recovery of 83 patients after receiving necessary medical care and the death of three Asian nationals. The total number of recoveries has ...

Bloomberg In the early days of the coronavirus pandemic, Singapore was a global standard bearer for taming the deadly illness. Now it’s home to Southeast Asia’s largest recorded outbreak and is racing to regain control. One reason behind this reversal can likely be traced back to six days in February, when the earliest sign of what would become an explosion ...

Bloomberg As the outlook for Indian corporate profits grows increasingly murky under the influence of the coronavirus pandemic, analysts are hunkering down for a protracted series of forecast cuts. Asia’s third largest economy is set for a near-complete disruption of economic activity for at least 40 days after Prime Minister Narendra Modi extended a nationwide lockdown to prevent the spread ...

Bloomberg Heritage Foods and Parag Milk Foods are almost doubling in market value as sales of packaged milk pick up pace with Indians stocking up to survive the world’s biggest lockdown. The nation is the largest producer and consumer of milk, pouring it liberally into sugared teas and coffees, as well as using derivatives like ghee, curd, and cottage cheese ...

Bloomberg Thailand may ease its partial national lockdown starting from early May in provinces that are free of novel coronavirus infections. Only provinces clear of the pathogen for two weeks would be eligible, Kamnuan Ungchusak, an adviser to the nation’s health minister, told reporters. The proposal will undergo further evaluation, he said. The Asian nation is under a state of ...

Bloomberg Visitors to Japan in March slumped to levels not seen since Japan’s economic heyday in the 1980s after the coronavirus pandemic shut down global travel, an early sign the impact the drop will have on retailers that thrived on tourist spending. Visitors in March fell 93% from a year earlier to 193,700 people, the steepest drop on record, figures ...

Bloomberg The Danish economy may lose more than 190 billion kroner ($28 billion) this year, the equivalent of 8.3% of gross domestic product, as a result of a slowdown in economic activity, according to a business survey conducted by the Confederation of Danish Industry. The figure is up from an estimate of 155 billion kroner four weeks ago, according to ...

Bloomberg International Business Machines Corp. (IBM) reported a drop in first-quarter revenue and pulled its profit forecast for the year, signalling that the Covid-19 pandemic has become another hurdle for the company in its transition to cloud computing. Sales declined 3.4% to $17.6 billion in the period that ended March 31, the Armonk, New York-based company said in a statement. ...

Bloomberg UK jobless claims increased last month as the coronavirus pandemic began to have an impact on the labour market. Claims rose 12,200 compared with a 5,900 gain in February, the Office for National Statistics said on Tuesday. The claimant count rate rose to 3.5%, the highest since the start of 2014. Unemployment is sure to keep rising after the ...

Bloomberg French automaker PSA Group posted a 16 percent slump in first-quarter sales and forecast the European market will shrink by a quarter this year as the coronavirus pandemic slams the car industry. The company has secured liquidity and cut costs, Chief Financial Officer Philippe de Rovira said in the statement on Tuesday, adding that it is preparing for a ...