Uncategorized

Bloomberg President Emmanuel Macron unveiled a raft of measures aimed at reviving France’s struggling car industry and drawing manufacturing back to local factories. The plan includes incentives for the purchase of electric cars, cash-for-clunkers to encourage consumers to trade in older, more polluting cars and subsidies for struggling car-parts makers. The total of roughly 8 billion euros ($9 billion) also ...

Bloomberg Brazil, the biggest exporter of beef and chicken, is betting on a new set of safety standards to avoid the kind of mass processing disruptions that caused meat shortages and price spikes in America. The South American farming powerhouse plans to introduce new national guidelines that incorporate requirements from local authorities and labour prosecutors, Agriculture Minister Tereza Cristina Dias ...

DUBAI / WAM Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) held a virtual meeting with key aviation and hospitality partners to discuss current and post-pandemic strategies and joint initiatives aimed at ensuring the tourism industry’s gradual return to normalcy. The meeting also discussed global efforts to minimise the transmission of Covid-19 and precautionary measures deployed to safeguard the ...

HADRAMAUT / WAM On the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, with the monitoring of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Emirates Red Crescent (ERC) the ERC distributed 770.4 tonnes of ...

ABU DHABI / WAM Warehouse421, the home-grown arts and design centre dedicated to showcasing and nurturing creative production across the region, has launched the ‘Warehouse421 Project Revival Fund’, to alleviate disruption impacts on the creative industry. In a statement, the arts centre encouraged visual artists, curators, literary creatives, designers and musicians in the Middle East, North Africa and South Asia ...

ABU DHABI / WAM The Ministry of Health and Prevention announced on Sunday that it conducted over 28,000 additional Covid-19 tests using state-of-the-art medical testing methods. In a statement, the ministry affirmed its aim to expand the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) and Chinese multinational technology company, Huawei, have explored ways to expand their strategic partnership in the artificial intelligence (AI) and digital transformation cooperation fields. During a video conference, Saeed Mohammed Al Tayer, Dewa Managing Director and CEO, and Charles Yang, President of Huawei Middle East, discussed strengthening cooperation and promoting ...

Bloomberg Singapore’s Finance Minister Heng Swee Keat delivered a fourth fiscal package of S$33 billion ($23 billion) to counter the economic fallout of the coronavirus, providing specific support to saving jobs. The latest measures will help businesses and workers affected by border closures and movement restrictions, Heng said in a Parliament session Tuesday. The steps will push this fiscal year’s ...

Bloomberg US clean-energy startup, Commonwealth Fusion Systems (CFS), raised an additional $84 million from major investors in Europe and Asia, underscoring that the appetite remains to back new technologies which could mitigate climate change. As the world looks to ramp up the use of intermittent renewable energy, it needs to add forms of flexible clean power that can be turned ...

Bloomberg Hong Kong is bracing for what could be its biggest day of protests in months, with pro-democracy groups calling for a general strike against China’s latest moves to increase control of the city. Protests are planned for Wednesday near the Legislative Council building in central Hong Kong, where lawmakers plan to hold a hearing on a bill that would ...