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Bloomberg Volkswagen AG unveiled a prototype for a battery-powered SUV to flank its ID.3 hatchback later this year and play a key role in strengthening the German manufacturer’s global push into electric cars. The marque’s first fully-electric SUV — dubbed ID.4 —is set to help take output of battery-powered vehicles to as many as 1.5 million cars by 2025, the ...

Bloomberg Twitter Inc is “strongly encouraging” its almost 5,000 global employees to work from home due to concerns over the spread of the Covid-19 coronavirus, the company said. The social media company made the suggestion as part of a blog update one day after it suspended all non-critical travel for workers, including pulling out of the South by Southwest conference ...

Bloomberg Elon Musk gave a public sign of support for Twitter Inc co-founder and Chief Executive Officer Jack Dorsey after an activist investor called for changes at the company including possibly replacing its leader. “Just want say that I support @jack as Twitter CEO. He has a good heart,” Musk tweeted, using a heart emoji in place of the word. ...

Bloomberg British farmer Richard Bramley should be about to plant barley and sugar beet on his land near York. Instead, he’s watching the waves roll over his flooded fields. Bramley, like other growers across the UK, had been hoping to catch a break after heavy rains spoiled grain plantings late last year. But the wettest-ever February has submerged fields, making ...

DUBAI / WAM The United Arab Emirates has facilitated a mission by the World Health Organisation (WHO) to deliver medical supplies and equipment to Iran in a bid to help contain the new coronavirus (Covid19), in the neighbouring country. The UAE Air Force deployed an aircraft that carried 7.5 tonnes of cargo from Dubai to Iran on Monday afternoon. Dubai’s ...

Bloomberg Global central banks promised to act as needed to stabilise markets rattled by the coronavirus as the Organisation for Economic Co-operation and Development (OECD) warned the world economy faces its “greatest danger” since the financial crisis more than a decade ago. In an emergency statement, Governor Haruhiko Kuroda said the Bank of Japan will “strive to provide ample liquidity ...

ABU DHABI / WAM The United Arab Emirates has welcomed the signing of the US-Taliban peace agreement, expressing hope that it represents a step towards achieving peace and security throughout Afghanistan. The Ministry of Foreign Affairs and International Cooperation said in a statement on Monday that the UAE hopes that the four-point agreement will be a starting point for stability ...

Bloomberg Oil rebounded from its worst week since 2008 as the world’s central banks sought to stabilise financial markets, while hopes grew that Opec+ will deepen output cuts following the coronavirus outbreak. Futures rose as much as 4.4% in New York, after sinking 16% last week. Russia, which is due to meet other Opec+ members in Vienna this week, is ...

SHARJAH / WAM Dana Gas on Monday issued a trading update to shareholders noting that its growth plan and operations remain unaffected by coronavirus (Covid-19), developments. The company went on to note that precautionary measures and contingency plans were put in place to safeguard personal and assets. Dana Gas has robust operations and cash flows since a large part of ...

ABU DHABI / WAM Abu Dhabi Developmental Holding Company (ADDH), announced on Monday that it concluded the definitive agreement with its partner Wizz Air Holdings, Europe’s fastest growing and greenest airline, to jointly establish Wizz Air Abu Dhabi. The low-cost airline is set to launch its operations at Abu Dhabi International Airport in Fall 2020. The agreement is a major ...