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Abu Dhabi / WAM Under the directives of the HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates Red Crescent (ERC), the ERC is planning to launch a set of initiatives over the coming period in support of “The Fund of the United Arab Emirates: Homeland of Humanity”, which has recently been ...

Dubai / WAM Dubai Economy reassured residents on Sunday that there is no need for panic or anxiety regarding the availability of hygiene essentials. In a statement, Dubai Economy affirmed that there are “adequate” stocks of face masks, gloves and sanitisers at leading supermarkets across the country. It also reminded residents to shop responsibly and avoid hoarding of essentials. It ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) launched an online course on coronavirus to spread awareness among the emirate’s business community and curb the spread of the Covid-19 pandemic. According to the Chamber, the training course targets Sharjah’s business community, corporate officials, and the private sector, as part of the SCCI’s preventive measures to ensure the ...

Bloomberg Student Chelsie Lee landed in Singapore from the UK last week, prepared to spend 14 days of mandatory, coronavirus-related isolation at home. Instead, she was whisked away to a five-star hotel on a resort island. For a fortnight, courtesy of the government, she’ll wake up to a sea view in a room that would normally cost hundreds of dollars ...

Bloomberg Tata Motors Ltd, the Indian owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, as the company seeks partners for a unit slammed by the coronavirus outbreak and a global shift to electric vehicles. Car sales in India fell for a 16th consecutive month in February, and that’s set to continue as the ...

Bloomberg Vietnam officials ordered one of the nation’s largest medical centers to be locked down and demanded thousands of employees and people who recently visited Hanoi’s Bach Mai Hospital be tested for Covid-19 after nurses and food workers contracted the disease. The Southeast Asian country, which has 179 confirmed cases and no reported deaths from the virus, has tied most ...

Bloomberg China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc, Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner. While the further liberalisation of the investment banking and money management industries in China has been overshadowed by the coronavirus crisis, wealth firms are nonetheless ...

Bloomberg Japanese Prime Minister Shinzo Abe said he plans to submit an extra budget in about 10 days to help fund an unprecedented economic stimulus package, while warning residents to prepare for a long battle against the coronavirus pandemic. Speaking at a press conference in Tokyo, Abe said there was no need to declare an emergency now, but urged the ...

Bloomberg Hong Kong’s government will introduce a second round of financial assistance for businesses affected by the novel coronavirus outbreak, according to Chief Secretary Matthew Cheung. The subsidies from the Epidemic Prevention Fund would aim to protect workers, Cheung wrote in a blog on Sunday that didn’t provide details of the plan or a timeline. The government announced its first ...

Bloomberg French business confidence plunged at a record pace in March as shutdowns to contain the coronavirus have left the economy running at 65% of normal activity. The drop mirrors that seen in Germany in figures earlier this week, where the Ifo Institute said sentiment dropped at the fastest pace since reunification. The French index fell to 95 from 105 ...