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Bloomberg The UK government stepped in to shore up the country’s rail operators after Prime Minister Boris Johnson warned Britons they face “tougher measures” to fight the coronavirus outbreak, including a potential full lockdown if they continue to ignore calls to stop social gatherings. The Department for Transport said on Monday that it will take on the revenue and cost ...

Bloomberg Italy is being dragged deeper into a recession after the coronavirus outbreak that’s crippling its northern regions forced the government to ban movement inside the country and shutter almost all industrial production. The impact of virus on the economy will be strong even as measures by the European Central Bank and European governments help limit the intensity and length ...

Bloomberg Royal Philips NV is ramping up production of ventilators to double output within the next eight weeks and is targeting a four-fold increase by the third quarter to meet demand from hospitals overwhelmed by patients suffering from severe forms of Covid-19. The most-needed products are vital sign monitors, portable ventilators and medical equipment to treat a range of respiratory ...

Bloomberg China’s economy will swiftly return to its potential growth rate and there’ll be significant improvement in the coming three months, a senior central bank official said on Sunday. “Economic indicators will likely show significant improvement in the second quarter and the Chinese economy will return to potential output level rather swiftly,” People’s Bank of China Deputy Governor Chen Yulu ...

DUBAI / WAM The emirate of Sharjah has listed a $200 million sukuk on Nasdaq Dubai, bringing the total value of sukuk listed in Dubai to $67.06 billion. Nasdaq Dubai’s new sukuk listings in 2020 now total $2.9 billion. Its new sukuk listings in all of 2019 totalled $14.15 billion, an annual record high for exchange and 18 percent more ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry (DCCI) reinforced its role as the representative of the business community in the midst of current global challenges by strengthening its partnerships with its partners, including the Ministry of Economy and other government authorities. The most recent of these efforts was the meeting between its members, who are major fruit ...

Abu Dhabi / WAM Etihad Airways has announced that effective from March 22, its services to Beijing will stop in the city of Xi’an, where passengers will disembark for health screening, customs clearance, and to claim their baggage. “This procedure is likely to be lengthy,” the airline said in a statement, adding that this directive does not affect the return ...

Dubai / WAM On World Water Day, the Dubai Electricity and Water Authority (Dewa), urged the public to conserve natural resources to ensure sustainability for current and future generations. The theme of this year’s day, ‘Water and Climate Change’, seeks to raise awareness about the importance of using water efficiently and limiting greenhouse gases that cause global warming and climate ...

Dubai / Emirates Business Etisalat on Sunday announced the launch of ‘Business Edge’, a comprehensive platform offering a wide range of services and solutions that cater to Small and Medium Business (SMB) customers. Collaboration and communication from Business Edge enables SMBs to connect to customers in a secure and scalable way, allowing employees and customers to talk, video-conference and share ...

Dubai / WAM As schools and universities across the country started the first day of distance learning on Sunday, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said, “Schools are closed, but education will never stop. The UAE is the most well-equipped nation for smart learning.” Attending a virtual ...