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ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced there has been a continued improvement of air quality in Abu Dhabi due to government efforts to control human and traffic movement in the capital, as part of the precautionary measures undertaken to combat Covid-19. The agency observed that air pollutants such as nitrogen dioxide (NO2) had decreased ...

Bloomberg For the authoritarian president of Belarus, Alexander Lukashenko, a deadly global pandemic is no reason to cancel the country’s military parade marking victory in World War II. Defying warnings about the risks of letting the coronavirus spread, Lukashenko has summoned troops to the capital, Minsk, for the parade that’s expected to attract thousands of spectators, even after neighbouring states ...

Bloomberg Euro-area finance ministers agreed to allow the region’s bailout fund to extend credit lines to each of the bloc’s governments on concessionary terms, paving the way for countries including Italy to draw cheap liquidity amid an unprecedented spending spree. The deal struck at a video conference on Friday forms a key part of the bloc’s response to the crisis ...

Bloomberg The International Monetary Fund (IMF) said that the global economic outlook has worsened since its latest forecast three weeks ago and the world can expect more waves of financial-market turbulence. Developing nations’ external financing needs probably will be far above the $2.5 trillion that the IMF has previously projected, Chief Economist Gita Gopinath said in a webcast hosted by ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed) released on Thursday its consolidated financial results for the first three months of 2020, reporting net profit of AE 82.2 million, an increase of three percent compared to its 2019 Q1 performance. The company said in a statement that it has taken every precaution to ensure continuous uninterrupted service is ...

ABU DHABI / WAM The UAE Dirham has appreciated against the currencies of top 10 non-dollarised import partners by 1.8 percent in 2019, according to central bank of the UAE statistics. These partners account for around 51.4 percent of the UAE’s total imports. In the meantime, the UAE currency gained more ground against the currencies of emerging economies, according to ...

ABU DHABI / WAM Khalifa University of Science and Technology has on Thursday announced promising results and findings on its research to develop ‘artificial soil’ with the necessary ingredients and properties required for the growth of plant and vegetation, thus paving the way for the agriculture sector to grow further in the UAE. A provisional patent application has been filed ...

Bloomberg India is seeking to lure US businesses, including medical devices giant Abbott Laboratories, to relocate from China as President Donald Trump’s administration steps up efforts to blame Beijing for its role in the coronavirus pandemic. The government in April reached out to more than 1,000 companies in the US and through overseas missions to offer incentives for manufacturers seeking ...

Bloomberg Viva Republica Ltd, operator of South Korea’s largest fintech startup Toss, is planning to raise about $200 million from investors to bankroll its expansion in online banking and security trading services. The company just embarked on its funding round and hopes to complete it in coming months, founder Lee Seung-gun said in an interview, declining to disclose the expected ...

Bloomberg China’s exports unexpectedly rose in April aided by stronger shipments to South East Asia, though with the coronavirus pandemic damaging global demand that increase is likely to be temporary. Imports fell. Exports rose 3.5% in dollar terms in April from a year earlier, while imports dropped 14.2%, the customs administration said on Thursday. Economists had forecast that exports would ...