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Bloomberg French President Emmanuel Macron is planning a new virus furlough program that could see the state covering a large share of lost incomes for as long as two years to protect jobs. Macron outlined new measure in a meeting with labour unions and business groups. Starting July 1, it aims for a compromise between blanket support and more targeted ...

Bloomberg Bayer AG’s $12.1 billion settlement to resolve US lawsuits over its flagship weedkiller Roundup and other products offered fleeting relief to investors looking to move on from the legal woes that have hobbled the stock for almost two years. The shares rose as much as 3.6% in Frankfurt trading after the German company’s move to resolve a trio of ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) launched FAB eSign, a new portal that provides a secure, safe and legally valid way for clients to sign documents digitally. Initially available to clients of FAB’s Global Transaction Banking (GTB) division, FAB eSign allows authorised signers to digitally sign documents anywhere and anytime, the bank said in a statement on ...

New York / WAM The UAE reiterated its continued commitment to upholding the rights of children around the world and to the architecture established by the UN Security Council on children and armed conflict. In a written statement submitted to the UN Security Council for its annual open debate on children and armed conflict, the UAE stated, “The Covid-19 pandemic ...

Abu Dhabi / WAM The UAE on Wednesday sent an aid plane carrying 7 metric tons of medical supplies to Jubaland, Somalia to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 7,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mohammed Ahmed Othman Al Hammadi, UAE Ambassador ...

DUBAI / WAM Dubai Chamber of Commerce and Industry has launched its Business Mentoring and Support (BMS) Programme – a CSR initiative designed to help small and medium-sized enterprises (SMEs) in Dubai steer new challenges posed by the Covid-19 pandemic. The programme will see SMEs in Dubai paired with large companies offering professional advice and resources tailored to unique needs, ...

Fujairah / WAM Inventories of oil products at the UAE’s East Coast port of Fujairah have climbed for the first time in three weeks, led by gains in gasoline and other light distillates. Total stockpiles were up 0.3 per cent on the week to 30.218 million barrels as of June 22, after setting a record high of 30.71 million barrels ...

Bloomberg President Vladimir Putin put Russia’s military strength on display on Wednesday in a parade to mark the 75th anniversary of the World War II defeat of Nazi Germany, braving the coronavirus pandemic ahead of a referendum that may allow him to rule until 2036. The spread of the virus forced Putin to delay his annual May 9 Victory Day ...

Bloomberg The US is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain and the UK, adding to an arsenal of measures the Trump administration is using against the European Union that could spiral into a wider transatlantic trade fight later this summer. The US Trade Representative wants to impose new tariffs on European exports, while increasing ...

Bloomberg British shopkeepers slowly emerging from three months of forced closure have a new problem on their hands: the rent is due. Third quarter rents on the country’s commercial properties are billed with about $3.1 billion owed by retailers alone, according to the British Property Federation. While mall landlords eventually got about half the rent owed for second quarter, government ...