Uncategorized

Bloomberg India’s government is likely to divide the country into three zones — red, orange and green — during the proposed extended period of lockdown and might permit a few services to function in safe zones, the Economic Times reported, citing people it didn’t identify. No activity will be allowed in the red zones where sizable number of cases were ...

Bloomberg Russian President Vladimir Putin’s government plans to dramatically ramp up stimulus measures to prop up an economy that is lurching towards recession. The government will roll out about 1 trillion rubles ($13.5 billion) of new spending, according to two people familiar with the plans, who asked not to be named because discussions are ongoing. Some of the money will ...

Bloomberg UK businesses are struggling to access the cash they need as government efforts fall short, according to the British Chambers of Commerce. Just 1% of companies surveyed by the BCC had managed to access Chancellor Rishi Sunak’s Coronavirus Business Interruption Loan Scheme (CBILS). Eight percent said they had been unsuccessful, citing the complexity of the application process, slow responses ...

Bloomberg In late March, Arnold Mergell delivered an urgent message to Germany’s political elite. Standing in front of a row of blue metal barrels, he complained that the funds needed by small and mid-sized companies like his to survive the coronavirus crisis weren’t getting through fast enough. “The bazooka’s been loaded, but the trigger is stuck,” said Mergell, who runs ...

Bloomberg American deaths from the coronavirus passed Italy’s, affirming the US’s spot as the epicenter of the global pandemic. Deaths from the virus reached more than 19,880 in the US, according to data compiled by Johns Hopkins University. Italy had almost 19,500 fatalities. The US figure will rise throughout the day as more states report data. The heavy toll in ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, reviewed the global fight against Covid-19 with Abiy Ahmed, Prime Minister of Ethiopia. This came over a phone call, during which they discussed advancing bilateral relations and joint efforts to contain the spread of ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa), announced that it is sponsoring the UAE Inventors Society, based on its social responsibility and strategy to support innovation and creativity, and encourage and recognise the creative UAE Nationals. “This makes it one of the biggest supporters of innovation in the UAE and Dubai,” Saeed Mohammed Al Tayer, MD & ...

ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR) following the UAE Federal Government guidelines in regards to Covid-19 current situation, has taken necessary measures to ensure business continuity and conducting its critical regulatory activities essential for the safety of the public, workers and environment. FANR has setup the Crisis Management Covid-19 Task Force to closely monitor the ...

ABU DHABI / WAM The UAE conducted over 49,000 additional Covid-19 tests among UAE citizens and residents, using state-of-the-art technology in line with the Ministry of Health and Prevention’s (MoHaP) plans to intensify virus screening in order to bring Covid-19 under control. The accelerated investigative measures resulted in the detection of 370 new coronavirus cases among various nationalities, all of ...

Bloomberg Hong Kong is catching up with global peers in its fiscal response to the coronavirus outbreak with the announcement of an “unprecedented” HK$137.5 billion ($17.7 billion) stimulus package focussed on avoiding mass job losses. The fresh stimulus raises inevitable comparisons with spending measures unveiled by its geographic neighbour and financial-hub rival Singapore, with the two governments among the first ...