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Bloomberg France will unveil “massive” support for youth employment this week and a new broad stimulus plan including tax cuts for companies at the end of August, Finance Minister Bruno Le Maire said. The measures will be in addition to emergency aid to protect jobs and companies during the lockdown and a series of support plans for sectors including tourism ...

Bloomberg Germany’s economy continues to recover following the easing of coronavirus-related restrictions, but remains well below capacity, according to a government report. “The economic recovery is still at the beginning,” the economy ministry said Monday. “Capacities are still clearly under-used.” While the recovery began in May, the second quarter will still show negative growth. “Only in the third quarter will ...

Dubai / WAM The UAE Ministry of Economy and the China Council for the Promotion of International Trade (CCPIT) have announced that they will together host the first China-UAE Economic and Trade Digital Expo on July 15, a platform designed to reinvigorate trade activities between the two countries as they seek to lay the foundations for bilateral trade in the ...

ABU DHABI / wam Etihad Aviation Group announced the launch of Al Watani programme, a new local content programme for suppliers who would like to partner with the national airline of the UAE to provide their products and services. Vendors across the supply chain are encouraged to join the Al Watani programme provided they fulfil its application criteria. To be ...

Dubai / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) has highlighted the importance of RTA’s efforts to improve traffic safety, as well as pedestrian safety. He took note of the impact of building footbridges, which reduced pedestrian fatalities by 76.5% between 2007 and 2019. Al Tayer also ...

Bloomberg Exxon Mobil Corp resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics. Two of Exxon’s four drillships went back to work, according to data published by Baker Hughes Co. The company later confirmed that the Stena Carron and Noble Tom Madden vessels returned ...

Bloomberg Hundreds of thousands of Hong Kong residents defied concerns about social-distancing and a new security law to vote in two-day primaries held by pro-democracy opposition parties. More than 318,100 people voted electronically and at least 10,000 had used paper ballots as of 1 pm on Sunday, Andrew Chiu, convenor of organiser Power for Democracy, said at a press conference ...

Dubai / WAM The United Arab Emirates has been ranked first in the GCC, Arab region, and Western Asia, and 8th globally in the Online Service Index (OSI) issued by the United Nations within the E-Government Development Index (EGDI). The UAE is also ranked 4th in Asia in this indicator, advanced one rank in the E-participation Index as well as ...

DUBAI / WAM The Emirates Mars Mission will lead to a “more competitive” Arab world economy and a stronger integration with the global society, a top Emirati official told the Emirates News Agency (WAM), as the countdown has started to the official launch. “We are actually building the capacity and capability in advanced sciences in the UAE and the region. ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi’s (DCT Abu Dhabi) announced that the recently reopened Al Hosn site has launched a virtual guided tours programme for the education sector, as well as individuals and public groups, as part of the Department’s continuing response to the current circumstances. Al Hosn recently conducted its first virtual ...