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Bloomberg Facebook Inc will invest $5.7 billion in the digital assets controlled by India’s richest man, the US social-networking giant’s biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market. The US company will buy about 10% of Jio Platforms, becoming the largest minority shareholder, Reliance Industries Ltd said in a ...

Bloomberg Indonesia banned an annual ritual of citizens travelling in large numbers to their hometowns and villages ahead of the Muslim festival of Eid al-Fitr to prevent the spread of coronavirus in the world’s largest Muslim-majority country. President Joko Widodo, who announced the ban at a cabinet meeting in Jakarta, said the prohibition was based on an assessment that about ...

Bloomberg European Union (EU) leaders head to a key virtual summit on Thursday without any concrete proposals from the bloc’s institutions on how to finance a controversial economic recovery fund, raising the chances of yet another inconclusive showdown. A “roadmap” distributed to national delegations from EU Council President Charles Michel, who will chair the video conference, contains no details on ...

Bloomberg New York State has applied for a $4 billion federal loan to shore up its unemployment trust fund amid a record surge of claims by workers sidelined by the Covid-19 pandemic, a spokeswoman said. “All benefits, including enhanced benefits, are being paid, and to help ensure it remains that way the state has applied for an up to $4 ...

Bloomberg Netflix Inc. posted the strongest financial results in company history, adding a recorded 15.8 million paid subscribers — almost double the figure forecast by Wall Street analysts. Yet rather than gloat, the company’s executives warned investors not to get too excited. Netflix benefited in the first quarter from an unprecedented health crisis, the global coronavirus pandemic. With billions of ...

Bloomberg As President Donald Trump prepares to pause immigration into the US, the court system that handles the removal of immigrants is projected to issue nearly 60% more deportation orders than last year. With the rest of the US legal system grinding to a near halt amid the pandemic, at the nation’s 69 federal immigration courts cleaning crews clad in ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has announced the launch of its new virtual exploration platform, #StayCurious, which will provide audiences worldwide with original education and entertainment content in one comprehensive hub. The platform gives audiences around the world a taste of the emirate’s unique ambiance and hospitality through an ...

SHARJAH / WAM Members of the ‘Tijarah 101 Centre’ at the Sharjah Chamber of Commerce and Industry (SCCI) participated in a virtual workshop entitled, ‘Steps to develop entrepreneurs in time of crisis’. The event was co-organised by the National SME Programme and Dubai Entrepreneurship Academy in cooperation with the SCCI and targeted those interested in establishing their own business. Moderated ...

ABU DHABI / WAM Maqta Gateway, the digital arm of Abu Dhabi Ports has announced the expansion of its digital logistics solution, Margo, with the addition of a new commercial offering for warehouse storage. The new offering presents customers with the opportunity to book standard warehouses or specialised temperature-controlled storage facilities to safely store their perishable goods, including food items ...

Dubai / WAM In April 1970, millions of people around the world mobilised to demand protection of the planet we call home. That historic day gave birth to the modern environmental movement known as Earth Day, and 50 years later it’s become the planet’s largest civic event, with more than a billion people participating each year. On this momentous occasion, ...