ABU DHABI / WAM The Emirates Red Crescent (ERC) underlined the significant role played by its volunteering teams in supporting the national efforts taken at the country level to fight the Covid-19 in cooperation with other competent bodies. “HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates Red Crescent, is closely following ...
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SBA announces huge line-up of 90 programs in Ramadan
Sharjah / Emirates Business The Sharjah Broadcasting Authority (SBA) has lined up more than 90 programmes covering a range of topics to be broadcast on its radio and television channels during the holy month of Ramadan this year. The announcement came at a virtual press conference held on Tuesday. Aligning with the UAE’s directives for social distancing to combat the ...
Read More »Japan declares state of emergency for Tokyo, Osaka over Covid-19
Bloomberg Japanese PM Shinzo Abe declared an emergency for Tokyo and its surrounding regions, after a recent surge in the number of confirmed coronavirus cases in the metropolis sparked alarm. The one-month emergency period from April 7 will cover Osaka, Kanagawa, Saitama, Chiba, Hyogo and Fukuoka prefectures as well as the capital. The move hands powers to local governments to ...
Read More »India partially lifts malaria drug export ban on US call
Bloomberg India partially lifted a ban on the exports of a malaria drug after President Donald Trump sought supplies for the US, according to government officials with knowledge of the matter. Exports of hydroxychloroquine and paracetamol will be allowed depending on availability of stock after meeting domestic requirements and existing orders, said the government officials, who asked not to be ...
Read More »China’s Megvii faces HKEX queries on IPO application
Bloomberg Chinese artificial-intelligence (AI) giant Megvii Technology Ltd is facing additional queries from the Hong Kong bourse ahead of its planned initial public offering, people familiar with the matter said. Some questions relate to public complaints about whether the company adequately disclosed risks related to US sanctions, the people said, asking not to be identified because the information is private. Megvii, ...
Read More »Thailand plans $30.5 billion borrowing for latest stimulus
Bloomberg Thailand plans new borrowing of 1 trillion baht ($30.5 billion) for its latest stimulus package to tackle the economic impact of the coronavirus outbreak. The package is worth about 1.9 trillion baht overall as it also includes 900 billion baht of steps by the Bank of Thailand, finance minister Uttama Savanayana said in a briefing in Bangkok. The Thai ...
Read More »Taiwan bans official use of Zoom over security concerns
Bloomberg Taiwan barred all official use of Zoom, becoming one of the first governments to impose an outright ban on the popular video-conferencing app over security concerns. Agencies should avoid using services such as Zoom as they may have security flaws, the island’s cabinet said. Governments, companies and individuals around the world, including in Taiwan, have been using the app ...
Read More »Chinese commodities show road to recovery
Bloomberg From oil to copper to coal, China’s gigantic commodities industry is signalling that the first economy to be flattened by the coronavirus is getting closer to a return to normality. Bloomberg Economics estimates that most of China was 90%-95% back to work at the end of last week, noting pick-ups in the steel market, construction activity and crude processing. ...
Read More »Key COP26 climate summit postponed to ‘safeguard lives’
Bloomberg A pivotal round of global climate talks scheduled for November in Scotland has been postponed because of the coronavirus. The delay deals a blow to efforts to tackle climate change and raises questions about unanticipated obstacles to international cooperation created by the pandemic. Rounds of preliminary talks in the lead up to the COP26 conference, one of the world’s ...
Read More »Italy nears decree on $216b in guarantees to companies
Bloomberg Italy is finalising new measures aimed at providing liquidity to companies, Finance Minister Roberto Gualtieri said. The government will guarantee loans of up to 800,000 euros at 100%, and will boost guarantees to 90% on another 200 billion euros ($216 billion) in loans, Gualtieri said in a televised comment on Rai TG1. Companies will be able to seek bank ...
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