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Bloomberg CVS Health Corp. said it plans to hire 50,000 people in full-time, part-time and temporary jobs to tackle surging demand for drugstore services and health goods during the US coronavirus outbreak. The drugstore chain said it plans to hire store workers, delivery drivers, distribution center workers and customer service employees. CVS and other pharmacies are inundated with people stocking ...

Bloomberg UK inflation slowed slightly in February before the impact of the coronavirus really hit the economy. Consumer prices rose 1.7% from a year earlier, from 1.8% previously, the Office for National Statistics said on Wednesday. Since the information was gathered the inflation outlook has been thrown into turmoil by economic crisis wrought by coronavirus pandemic, and the curbs on ...

Bloomberg Google and other digital advertising companies are seeing revenue growth wither as marketers slash spending ahead of an expected recession triggered by the coronavirus. The global pandemic and the ensuing slump in economic activity is crushing several industries that have been big buyers of Google and Facebook Inc. ads, including online travel agents, automakers, restaurants and retail. “I’m hearing ...

Bloomberg Deere & Co. is halting production in agricultural behemoth Brazil as the coronavirus outbreak erodes sales for the world’s biggest tractor maker. In a bid to protect employees and families, Deere said it will suspend two facilities in Brazil on Wednesday for an undetermined period while four other units will stop on Monday. Deere, the world’s biggest tractor maker, ...

Bloomberg The global economy is taking a battering not seen in decades, the outcome of severe restrictions on businesses and households by governments desperately trying to contain a pandemic that’s killed almost 17,400 people worldwide. The first major numbers outlining the damage tell a story of companies seeing demand plunge at a record pace, activity shrinking and confidence dropping. Government ...

Bloomberg The Telecommunications Regulatory Authority (TRA) of UAE has lifted restrictions on some programs that allow voice calls over the Internet, including Microsoft Skype for Business and Google Hangout, to help people work from home and avoid spreading the coronavirus. The applications allowed on all networks in the country are: Microsoft Times, Zoom, and Blackboard. The applications, which will be compatible with ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has directed a 10 percent reduction in the Sharjah Electricity and Water Authority (Sewa) bills in the Emirate of Sharjah for three months. The move is in line with the precautionary measures taken by the government and aimed at facilitating the customers ...

Bloomberg The 2020 Tokyo Olympics will be delayed by a year in the first postponement since the modern games began in the 19th century, becoming the biggest global event to be disrupted by the coronavirus pandemic. Japanese Prime Minister Shinzo Abe said he and International Olympic Committee President Thomas Bach agreed to the unprecedented move in a telephone call on ...

Bloomberg Prime Minister Narendra Modi has imposed a three-week long nationwide lockdown and allocated an extra $1.97 billion for health care to contain the spread of coronavirus infections which are now spiking in the South Asian nation. “If we listen to health experts we know that 21 days are crucial to break the cycle of transmission,” Modi said in his ...

ABU DHABI / WAM Adnoc Distribution is helping customers stay safe and maintain social distancing on essentials journeys through a range of contactless payment methods across all its stations. The Mobile Pay option on the Adnoc Distribution App allows customers to identify the station they are at, select their fuel pump, choose their preferred fuel and the amount they would ...