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Bloomberg The Trump administration would like to make purchases of milk and meat products as part of a $15.5 billion initial aid package to farmers rattled by the coronavirus, said Agriculture Secretary Sonny Perdue. “We want to purchase as much of this milk, or other protein products, mutton and other products, and move them into where they can be utilised ...

Bloomberg Google parent Alphabet Inc. is slowing hiring for the remainder of the year, the most drastic action by the web search giant since the Covid-19 pandemic began battering its advertising business several weeks ago. Chief Executive Officer Sundar Pichai told staff about the decision in an email. He also highlighted other areas of cost cutting, saying the company will ...

Bloomberg Profits and dividends at Britain’s publicly traded companies are set to halve this year due to the Covid-19 outbreak, Citigroup Inc. predicts. The bank warned clients that the pandemic’s economic impact will be greater in the UK due to the country’s dependency on its services industry, which is deeply affected by social distancing efforts. While consensus is for a ...

Bloomberg The Trump administration is preparing to attack the legal basis of requirements to capture mercury and other heavy metal pollution from power plants, setting the stage for a court to potentially toss out the mandates altogether. The move will come in the form of a final Environmental Protection Agency (EPA) rule concluding those mercury pollution controls are too costly ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Tunisian President Kais Saied, have discussed bilateral relations, the global Covid-19 crisis and ways to contain the pandemic’s repercussions at various levels. In a telephone call, the leaders reviewed the measures the countries ...

Dubai / WAM The Dubai Department of Economic Development has said that foodstuff trade in the emirate continues to run smoothly and as planned as a result of measures taken by the department to support the food security agenda in the UAE. In a statement, the department, also known as Dubai Customs, noted that external trade in foodstuff for the ...

ABU DHABI / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports increased by 0.5 percent from AED 19.2 billion in the year to date in January 2019 to AED 19.3 billion in the same period of 2020, according to figures released by Abu Dhabi Statistics Centre (SCAD) on Wednesday. Imports increased by 5.8 percent from AED ...

Sharjah / WAM Sharjah Media City (Shams) has announced reinforcing its digital presence by conducting several online workshops. In light of the current situation, Shams is ensuring easy and effective registration of new businesses online, without requiring business owners to step out of their homes. The “Online Photoshop Workshop by Adobe” successfully attracted a number of participants and proved instrumental ...

Bloomberg The International Monetary Fund (IMF) is set to provide $11 billion to 32 countries in sub-Saharan Africa that have requested assistance in fighting the coronavirus pandemic and its impact on the region’s economies. These steps by the IMF and its partners — the World Bank, World Health Organisation, the African Development Bank and the African Union — will support ...

Bloomberg Oil fell below $20 a barrel after the International Energy Agency said a historic production cut deal won’t be enough to counter a record demand slump this year. Futures fell as much as 4.5% in New York to the lowest since 2002. Oil demand will drop by over 9 million barrels a day this year, wiping out a decade ...