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Bloomberg South Korea has so far raised about one-tenth of the target for its stock-market stabilisation fund and has yet to make any investments, Kang Shinwoo, the advisor for the fund, said in an interview. The emergency fund aims to raise 10.7 trillion won ($8.77 billion) in total from local banks, brokerages and other financial institutions to support the nation’s ...

Bloomberg Nissan Motor Co. has requested loans totaling $4.6 billion from lenders including Japan’s three megabanks as the carmaker suffers from plunging sales due to the coronavirus, according to bankers familiar with the matter. The automaker is seeking financing from Mizuho Financial Group Inc., Sumitomo Financial Group Inc., Mitsubishi UFJ Financial Group Inc. and the state-backed Development Bank of Japan, ...

Bloomberg For Graham Lancaster, the owner of a real estate agency in the English county of Kent, the alarm will go off in three months. Britain is headed into its peak of the coronavirus outbreak, and companies and households are busy doing the math to see how long they’ve got before the money runs out, just as they are across ...

Bloomberg Spain reported fewer coronavirus deaths and new cases on Thursday in Europe’s second-most deadly outbreak of the disease. There were 5,756 new infections in the 24 hours through Thursday, pushing the total above 150,000, according to Health Ministry data. The death toll rose by 683 to 15,238, a smaller gain than Wednesday’s 757. Prime Minister Pedro Sanchez is asking ...

Bloomberg Google was ordered by French antitrust regulators to pay publishers to display their articles, ending its long-standing practice of using excerpts on its news service for free. The French antitrust agency gave the Alphabet Inc unit three months to thrash out deals with press publishers and agencies demanding talks on how to remunerate them for displaying their content. The ...

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, and President of Uzbekistan Shavkat Mirziyoyev reviewed bilateral relations and ways to enhance them in various fields in the light of the existing strategic partnership between the two countries as well as a number ...

ABU DHABI / WAM A United Arab Emirates aid plane carrying approximately 13 tonnes of medical supplies was dispatched to Kazakhstan to assist the country in combating the Covid-19 pandemic, benefitting over 10,000 healthcare professionals. This initiative is part of the UAE’s commitment to cooperating with countries working to combat the Covid-19 outbreak in order to bolster global efforts to ...

ABU DHABI / WAM The Arab Youth Centre (AYC) and the United Nations Development Programme (UNDP) announced on Wednesday that 11 youth delegates from the Arab region have commenced their roles as Youth Development Delegates to support countries across the region to achieve Sustainable Development Goals (SDGs). The Youth Delegates are the first cohort in a new initiative between the ...

ABU DHABI / WAM A top US diplomat has expressed his admiration to the UAE leadership for its effective crisis management and upholding the values of religious freedom. John Rakolta, the US Ambassador to the UAE, said, “In recent weeks, we have witnessed a tremendous change in how we move, how we work, how we live. We have seen populations ...

Bloomberg Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen ($2 billion) for companies shifting production back to Japan and ...