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Bloomberg Nissan Motor Co’s priority is to conserve cash while making better use of its assets instead of selling them, Chief Operating Officer Ashwani Gupta said, as the struggling carmaker confronts an existential challenge from the pandemic that’s upended the global economy. The shift in strategy offers an early indication of a recovery plan that will be unveiled next month, ...

Bloomberg The International Monetary Fund (IMF) may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy. IMF Managing Director Kristalina Georgieva is preparing to offer short-term dollar loans to countries that lack enough Treasuries to participate in a Fed program that ...

Bloomberg Germany’s economy will likely shrink this quarter at more than twice the pace recorded at the height of the financial crisis, according to the country’s leading research institutes. Output is predicted to slump 9.8% in April-June period, the most since records for quarterly data began in 1970. The economy is set to contract 4.2% over the course of this ...

Bloomberg Italy is advancing plans to gradually lift restrictions to contain the coronavirus as Europe’s exit from stringent lockdown measures takes shape. Amid tense discussions weighing political and economic pressures against public-health concerns, Prime Minister Giuseppe Conte’s government is hammering out an approach that foresees the full return to normal life taking months, according to people directly involved in the ...

Sharjah / Emirates Business The Emirates Publishers Association (EPA) has announced several initiatives, which aim to support the local publishing industry to overcome the current challenges facing the sector posed by the novel coronavirus disease (Covid-19) pandemic, and offer them the required impetus to continue production of quality content. The announcement was made during EPA’s fifth board meeting, conducted remotely, ...

ABU DHABI / WAM Aldar Properties announced on Tuesday that it will cut 20 percent of school fees and a refund of all payments made towards catering and transport expenses for the third term of the current academic year, to all students enrolled in Aldar Academies and Cranleigh Abu Dhabi. Aldar will also launch ‘All In This Together’ fund to ...

ABU DHABI / WAM People living in Abu Dhabi Emirate have started getting medicines delivered at their homes from pharmacies thanks to a new initiative by the Department of Health – Abu Dhabi, the regulator of the healthcare sector in the emirate. Most of the outpatient pharmacies in the emirate have the approval to offer this service, the DoH — ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) underlined the significant role played by its volunteering teams in supporting the national efforts taken at the country level to fight the Covid-19 in cooperation with other competent bodies. “HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates Red Crescent, is closely following ...

Bloomberg India partially lifted a ban on the exports of a malaria drug after President Donald Trump sought supplies for the US, according to government officials with knowledge of the matter. Exports of hydroxychloroquine and paracetamol will be allowed depending on availability of stock after meeting domestic requirements and existing orders, said the government officials, who asked not to be ...

Bloomberg From oil to copper to coal, China’s gigantic commodities industry is signalling that the first economy to be flattened by the coronavirus is getting closer to a return to normality. Bloomberg Economics estimates that most of China was 90%-95% back to work at the end of last week, noting pick-ups in the steel market, construction activity and crude processing. ...