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ABU DHABI / WAM The joint military exercise between the UAE and US armed forces, ‘Native Fury 20’, has resumed in the UAE, reflecting the military cooperation between the two friendly countries and their close military ties. Brigadier Tariq Al Zaabi, Director of Native Fury 20, stated that the overall exercise includes a series of joint military training exercises, under ...

Bloomberg India’s top court ruled out a reassessment of $19 billion in past dues to be paid by telecom companies, a move that could send indebted carrier Vodafone Idea Ltd into bankruptcy. A three-judge panel, headed by Justice Arun Mishra, said it will consider a proposal by Prime Minister Narendra Modi’s administration seeking a 20-year payment plan for dues worth ...

Bloomberg Nissan Motor Co will end vehicle manufacturing at its plant in Indonesia as the struggling Japanese company tries to improve profitability. “The end of vehicle production is part of an optimisation plan that includes rightsising, production optimization and reorganising of business operations,” Isao Sekiguchi, president of PT Nissan Motor Indonesia, said in an emailed statement on Wednesday. Chief Executive ...

Bloomberg CanSino Biologics Inc said it received Chinese regulatory approval to start human trials of a vaccine against the novel coronavirus, another example of a potential weapon against the illness being fast-tracked for testing as the global death toll escalates and nations impose lockdowns on their citizens. The vaccine, co-developed by the Hong Kong-listed company and China’s Academy of Military ...

Bloomberg Indonesia has pledged to boost stimulus efforts aimed at countering the coronavirus crisis by as much $1.8 billion, Finance Minister Sri Mulyani Indrawti said, as the outlook for Southeast Asia’s biggest economy continues to deteriorate. The government is preparing a raft of new measures to support the economy, Indrawti said on Wednesday, including re-allocating as much as 10 trillion ...

Bloomberg After the coronavirus outbreak caused a nationwide shortage of face masks in January, Chinese officials were quick to ensure that Tesla Inc wouldn’t be left without. China’s government helped the California-based carmaker secure the sought-after supplies that allowed it to reopen at a time when many of its competitors were still shut down. Tesla received 10,000 masks, cases of ...

Bloomberg Angela Merkel signalled she may be open to joint European Union (EU) debt issuance to help offset the impact of the coronavirus, an apparent softening of entrenched German opposition that could transform the finances of the 27-nation bloc. The unexpected opening from the leader of Europe’s dominant economy came after the chancellor and her EU counterparts agreed by video ...

Bloomberg Boris Johnson’s government announced a massive rescue package of loans and grants for businesses in a desperate attempt to stop the coronavirus pandemic wrecking the UK economy. Ministers promised help with mortgage payments, and support for airlines, shops and the hospitality industry, with 350 billion pounds ($424 billion) worth of government-backed loans, grants and tax cuts for struggling companies. ...

Bloomberg Car sales in Europe are off to their worst start to a year since 2013 and are poised to deteriorate further after automakers across the region shuttered plants to counter the coronavirus pandemic. Passenger registrations declined 7.2% in February after a similar drop in January, according to the European Automobile Manufacturers Association. Even those figures may be the best ...

Bloomberg BMW AG abandoned hopes for another record year in sales due to the coronavirus outbreak, predicting deliveries in 2020 will be “significantly below” last year’s levels and profitability at its weakest for years. The maker of the 7 Series luxury sedan announced shorter shifts and flexible working for employees. It didn’t provide details on any plant closures that have ...