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DUBAI / WAM DP World UAE Region announced that Deli Foods Peru has joined the Latin American, (LatAm) Incubation Centre at Jafza One, the flagship commercial complex located at the heart of Jebel Ali Free Zone (Jafza). The agreement was signed at Gulfood 2020, and marks Deli Foods as the first Latin American company to join the incubation centre, a ...

Bloomberg China’s Hubei province said it will allow transportation to resume for the city of Wuhan on April 8, effectively lifting a mass quarantine over the city where the coronavirus first emerged last December. People in Wuhan will be allowed to leave the city and Hubei province, according to a statement on the provincial government’s website on Tuesday. The easing ...

Bloomberg About a 40-minute drive to the east of China’s capital, Beijing Aeonmed Co has been working around the clock since January 20. After meeting the country’s needs two weeks ago, its factory lines have been working flat out on orders from overseas for its lifesaving ventilators. With three shifts and even research and development staff working the production line, ...

Bloomberg The International Monetary Fund (IMF) said it expects a global recession this year that will be at least as severe as the downturn during the financial crisis more than a decade ago, followed by a recovery in 2021. Nearly 80 countries have asked the Washington-based IMF for emergency finance, Managing Director Kristalina Georgieva said in a statement following a ...

Bloomberg Germany’s economy is heading for a steep recession as attempts to slow the outbreak of the coronavirus pandemic sent the services sector into an unprecedented slump. IHS Markit’s gauge of manufacturing and services activity plunged in March. It signals GDP in euro area’s biggest economy could drop by around 2% in first quarter — with worse to come. “The ...

Bloomberg Continental Europe’s labour-market model is experiencing rare praise from economists because it may help prevent massive job losses during the coronavirus pandemic. While widespread layoffs are feared in the US, analysts don’t expect the same fallout in euro-area employment, where rules often make it harder for companies to fire workers, and also encourage their retention during a crisis. Such ...

Bloomberg President Donald Trump said the American economy can’t remain slowed for too long to fight the coronavirus, declaring that the country “was not built to be shut down.” “America will again, and soon, be open for business. Very soon,” Trump said. “A lot sooner than three or four months.” The president of the St. Louis Federal Reserve Bank, James ...

Dubai / WAM In a phone call to the Dubai Health Authority’s (DHA), Emergency Department, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, praised medical professionals for their dedication to ensure public safety and combat the coronavirus (Covid-19) spread. His Highness Sheikh Mohammed bin Rashid reviewed the precautionary ...

DUBAI / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the National Olympic Committee, stated that the current situation being experienced by the sports sector and other sectors require the cooperation of all relevant organisations and individuals. He also pointed out that the safety and protection of the community is always a leading priority of ...

ABU DHABI / Emirates Business Etihad Airways (Etihad) will temporarily suspend all flights to, from, and via Abu Dhabi following a decision by the National Emergency Crisis and Disaster Management Authority, and the General Civil Aviation Authority (GCAA), to suspend all inbound, outbound, and transit passenger flights in the UAE. This decision has been made to limit the spread of ...