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Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation, has transported humanitarian aid from the government of the United Arab Emirates to 54 destinations. To date, Etihad Airways operated 106 UAE humanitarian aid charters to 54 destinations and played a key role in transporting medical ...

Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) has explored digital impact on the publishing sector during a seminar entitled ‘Building a Digital Ecosystem for Knowledge’. Moderated by Saeed Hamdan Al Tunaiji, Director of Publishing at the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, the seminar was attended by Abdulla Majid al Ali, Executive ...

Bloomberg The UK’s Competition and Markets Authority (CMA) called for sweeping new powers to roll back the dominance of Google and Facebook Inc. in the online-advertising market, a move designed to push global regulators to be more aggressive against the tech giants. The watchdog said a new regime should have the ability to respond far more quickly to digital monopolies ...

Bloomberg Bankrupt Hertz Global Holdings Inc. and its bondholders are squaring off over how to shrink its nearly half-a-million vehicle fleet. Market watchers say the outcome could upend the multi-billion dollar lease-backed ABS industry. The cars are housed in an entity linked to Hertz’s asset-backed securities and leased to the rental giant. Normally, when a company with ABS files for ...

Bloomberg The World Bank projects the recession in Latin America and the Caribbean will be the worst downturn since reliable data began in 1901, setting back progress on fighting inequality and poverty. The development institution expects a gross domestic product (GDP) contraction of more than 7% for 2020, making it worse than any crisis of the past century, including the ...

Bloomberg Rental e-scooters will become legal on UK roads from July 4 after the government published the rules companies must follow to deploy the electric vehicles. Large-scale trials can start at the weekend and last for a year, the Department for Transport said in a statement. It will closely monitor activity and public feedback with a view to fully legalising ...

Bloomberg Consulting firm Accenture is cutting up to 900 jobs, or 8% of its UK workforce, as the coronavirus pandemic prompted a sharp slump in demand for its advisory work. Between 700 and 900 jobs will be affected by the planned cuts, an Accenture spokesman said Thursday in an email. The company has notified staff and plans “collective consultation” for ...

Bloomberg Daimler AG Chief Executive Officer Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the Covid-19 pandemic. The virus outbreak will force manufacturers to do more significant restructuring than they had planned before the crisis erupted, Kallenius said during a webcast hosted by Germany’s largest ...

ABU DHABI / WAM The UAE announced that it is currently considering the return of the Boeing 737 Max aircraft to the UAE’s airspace. The Director General of the General Civil Aviation Authority (GCAA) Saif Mohammad Al Suwaidi said: “The GCAA is closely working with the Federal Aviation Administration (FAA) Boeing and UAE Operators on B737Max return to service since ...

Tokyo / WAM Japan’s imports of crude oil from the UAE amounted to almost a third of its oil imports at 32 percent, or 22.6 million barrels, data from Agency for Natural Resources and Energy in Tokyo showed. The agency, part of Japanese Ministry of Economy, Trade and Industry, reported that Japan imported 70.7 million barrels during May, of which ...