Uncategorized

Bloomberg Brazil, the nation with the second-highest number of coronavirus cases and deaths, reached a deal with the UK to produce the Covid-19 vaccine that’s been developed by Oxford University and AstraZeneca Plc. Brazil will spend $287 million to buy vaccine doses and ingredients for as many as 100 million shots that it will be able to produce locally with ...

Bloomberg Wirecard AG expects its provisional insolvency administrator to be appointed shortly as the scandal-hit payment company said its business activities will continue. Once lauded as one of Germany’s most successful up-and-coming businesses, Wirecard filed for insolvency after the company said that 1.9 billion euros ($2.1 billion) previously reported as cash on its balance sheet probably doesn’t exist. In a ...

Bloomberg Perhaps the most challenging riddle for investors in the pandemic is whether another centuries-old scourge is going to return. Inflation can wreck even the safest portfolio by eroding the value of investments for decades. But you would be hard pressed to find anyone among the younger generation of investors, within developed markets at least, who has faced it in ...

DUBAI / WAM The Dubai Future Foundation (DFF) has focused on climate change, one of the defining challenges of our time in its 12th “Life After Covid-19” report. Titled “Life After Covid-19: Climate Change”, the report highlights the transient positive impact this exceptional period has had on lowering greenhouse gas emissions around the world as a result of the decline ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) on Saturday opened a flyover leading to the Western entrance of the Dubai Creek – Dubai Creek Harbour; an important phase of the Sheikh Rashid bin Saeed Crossing Improvement Project. The project encompasses the improvement of Nadd Al Hamar Street – Ras Al Khor Road intersection, along with extensive improvements of ...

ABU DHABI / WAM The UAE sent an aid plane carrying 16 metric tons of urgent medical supplies to Iran to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 16,000 medical professionals as they work to contain the virus. This aid plane is the fourth to be sent by the UAE to Iran ...

Dubai / WAM The Business Registration & Licensing (BRL), sector in Dubai Economy has issued 41,252 electronic Memorandum of Association (MOA) and e-MOA addendums from January 2019 to end of May this year. This is in line with the Federal Decree-Law No. 7 of 2018 by President His Highness Sheikh Khalifa bin Zayed Al Nahyan amending articles within Federal Law ...

Bloomberg Nigeria’s powerful state oil company, whose finances and operations have been shrouded in secrecy for decades, is opening itself up to greater public scrutiny. The Nigerian National Petroleum Corp (NNPC) published its 2018 annual report, which contained an audited account of all its 20 units for the first time in its 43-year history. The 2019 figures are set to ...

Bloomberg The US State Department imposed visa bans on Chinese Communist Party officials accused of infringing the freedom of Hong Kong citizens, in what a senior official described as the opening salvo in a campaign to force Beijing to back off from new restrictions on the city. Secretary of State Michael Pompeo said in a statement that he was barring ...

Bloomberg However much Prime Minister Boris Johnson says he will be able to arrange a trade deal with the European Union by the year-end, firms in Britain are already bracing themselves for the possibility he won’t. Renold Plc, a Manchester-based maker of vehicle chains and gearboxes, is among them. It’s planning to fast-track deliveries to customers in the coming months ...