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Bloomberg Germany will expand government loans and guarantees if demand and supply disruptions intensify because of the spread of the coronavirus. While offerings such as bridge loans and credit guarantees are currently sufficient, the authorities are prepared to make more funds available and expand programs if factory closures become more widespread, the economy ministry said, a day before the ruling ...

Bloomberg The UK market watchdog wants big British public companies to disclose more about their exposure to climate risks — or tell investors why they can’t. The proposal from the Financial Conduct Authority (FCA) is part of a growing effort by policy makers and money managers to confront how companies will manage the shift to a lower carbon economy. The ...

Bloomberg Uber Technologies announced it would begin offering compensation to drivers affected by the coronavirus in the US. The benefit follows similar company moves in Mexico and the UK and comes as the virus accelerates its spread in the US. People diagnosed with Covid-19 or placed in quarantine by a public health authority qualify for up to 14 days in ...

Bloomberg Record winter warmth around the globe has raised pressure on weather forecasters from utilities and financial markets that depend on models to work out the economic impact of climate change. Abnormally high temperatures led to billions of dollars of lost revenue for energy producers, which have curtailed fuel supplies because everyone from homeowners to heavy industry didn’t need as ...

Bloomberg Finance chiefs from the world’s top industrial and emerging nations committed to “take further actions” to aid the world economy amid mounting fears the coronavirus is dragging it towards a recession. At the end of a week in which the virus spread and an emergency Federal Reserve rate cut failed to calm investors, Group of 20 finance ministers and ...

ABU DHABI / WAM ‘Mother of the Nation’ and Chairwoman of the General Women’s Union HH Sheikha Fatima bint Mubarak, on Saturday congratulated Emirati women and women all around the world on the occasion of International Women’s Day, which is observed on March 8. In a statement released on the occasion, HH Sheikha Fatima, who is also President of the ...

DUBAI / WAM The UAE and Montenegro agreed to bolster cooperation across areas of trade, investment, agriculture, food security, renewable energy, transport, entrepreneurship, start-ups, and innovative industries during the second meeting of the Joint Economic Committee held in Dubai. The two sides affirmed their interest in diversifying the base of economic exchange, generating more promising investment and business opportunities, sharing ...

Bloomberg The Opec+ alliance’s dramatic failure to reach an output deal is most obviously being felt in oil futures, which plunged the most since 2008 in London. A look at the less-conspicuous corners of the market reveal the scale of the impact. The potential collapse of the group led by Saudi Arabia and Russia is the latest blow to a ...

Dubai / WAM The General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA-Dubai) said it has issued more than one million visas featuring the ‘Dubai, Capital of Arab Media 2020’ logo over the last four months. The logo appears at the bottom left-hand corner of the visa page. The initiative seeks to highlight the UAE’s status as a regional ...

ABU DHABI / WAM Dubai’s Roads and Transport Authority (RTA) has wrapped up the third edition of the Emirati-French Business Engagement Summit held under the theme: “Future of Mobility and Innovation”. The summit, which was held in the RTA Head Office, attracted about 220 senior executives and leaders of public and private entities in Dubai and France. Some 45 firms, ...