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Every child deserves best start in life, says Jawaher Al Qasimi

SHARJAH / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of The Big Heart Foundation (TBHF), and Eminent Advocate for Refugee Children at UNHCR, has called on governments and civil society organisations to treat the education of the low-income and crises affected communities as a priority. She noted that the protection of children’s dignity and enabling them access to ...

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UAE continues to send food convoys to Hadramaut

HADRAMAUT / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC) on Saturday continued dispatching new food convoys to Arrayda and Qusay’ir districts in Hadramaut Governorate, as part of its humanitarian response programme to ease the suffering of Yemeni families and bringing life back to normalcy. The ERC distributed 700 food parcels weighing more 56.5 tonnes to ...

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Jaguar Land Rover shelves plan to sell bonds to raise cash

Bloomberg Jaguar Land Rover Automotive Plc has shelved plans to issue a US dollar bond after investors demanded too high an interest rate to compensate for the risk the coronavirus poses to the luxury carmaker, according to people familiar with the matter. Jaguar hired Bank of America Merrill Lynch to meet investors in the US recently ahead of a potential ...

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Xi pledges flexible monetary policy for economy hit by virus

Bloomberg China’s top leaders said they will exercise more flexibility in monetary and fiscal policy, signaling a greater focus on reviving an economy pummelled by the virus outbreak. Fiscal policy will be more proactive, while construction projects will be accelerated, according to a statement issued after a Politburo meeting chaired by President Xi Jinping on February 21. The central bank ...

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Grab reverses plan to end driver incentives

Bloomberg Ride-hailing firm Grab Holdings Inc reversed its decision to cease a driver incentive programme in Singapore following a backlash from drivers who are worried about their earnings during the coronavirus outbreak. The move comes after Grab unexpectedly told its driver partners it would replace existing incentive programmes with a new government-backed virus aid package. Grab’s so-called “Super Steady Streak” ...

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Indiabulls jumps after probe finds no offences

Bloomberg An Indian government investigation hasn’t found any significant financial irregularities in the operations of the Indiabulls group, according to people familiar with the matter. The companies’ shares jumped. The registrar of companies in its third inspection report has said all transactions between various units of the group have been at arms’ length, the people said, asking not to be ...

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Parents grapple with e-learning as schools stay closed in China

Bloomberg The weeks-long closure of schools over virus fears across China and Hong Kong is testing kids — and their parents. Working mom Chen Yan has taken to installing a surveillance camera at home to see what her 12-year-old son is up to during the day while she’s at the office in mainland city of Shaoguan, in Guangdong province. So ...

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Samsung Electronics halts Korea plant

Bloomberg Samsung Electronics Co will shut down operations at a plant in Gumi City, South Korea, after an employee was confirmed to be infected with the coronavirus. The suspension will last until Monday morning to prevent the virus from spreading, the company said in an emailed statement. Samsung Electronics, has two production lines in Gumi, about 200 kilometers southeast of ...

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White house to host Huawei rivals at 5G meet, says Kudlow

Bloomberg The White House plans to hold a conference with Huawei Technologies Co rivals to try to accelerate development of affordable competing 5G wireless technology, President Donald Trump’s top economic adviser said. “We’re working carefully, closely with Nokia and Ericsson,” National Economic Council Director Larry Kudlow told reporters. “We’re going to be holding some kind of a conference in about ...

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China deal to dig into US soy stocks as Trump pledges aid

Bloomberg Donald Trump’s trade truce with China is expected to push American soybean stockpiles to the lowest since the trade war began. But corn stocks are going in the opposite direction, ballooning to the highest in three decades. And the president’s hints for more farmer aid could make the disconnect between the two even more pronounced. Soybean reserves will fall ...

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