Bloomberg Germany took a step towards declaring a state of emergency to unlock a historic rescue package to cushion the blow of the coronavirus pandemic. Finance Minister Olaf Scholz urged lawmakers to open up constitutional debt limits to combat a crisis that threatens modern life. New borrowing of $169 billion, equivalent to half of the country’s normal annual spending, will ...
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Bloomberg CVS Health Corp. said it plans to hire 50,000 people in full-time, part-time and temporary jobs to tackle surging demand for drugstore services and health goods during the US coronavirus outbreak. The drugstore chain said it plans to hire store workers, delivery drivers, distribution center workers and customer service employees. CVS and other pharmacies are inundated with people stocking ...
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Bloomberg Google and other digital advertising companies are seeing revenue growth wither as marketers slash spending ahead of an expected recession triggered by the coronavirus. The global pandemic and the ensuing slump in economic activity is crushing several industries that have been big buyers of Google and Facebook Inc. ads, including online travel agents, automakers, restaurants and retail. “I’m hearing ...
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Bloomberg President Donald Trump said he would stop using the term “Chinese virus,†the latest indication that the US and China are seeking to deescalate their blame game over the deadly pandemic. “I don’t regret it, but they accused us of having done it through our soldiers, they said our soldiers did it on purpose, what kind of a thing ...
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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the online #ThankYouHeroes campaign as a tribute to healthcare workers on the frontlines of the battle against the coronavirus (Covid-19) pandemic. In a message of appreciation for doctors, nurses, paramedics and medical teams who dedicate their ...
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RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (Rakbank) on Tuesday announced further plans to provide financial relief to individuals, SMEs, and corporates impacted by the economic consequences of the coronavirus (Covid-19). For individual customers, the bank will provide payment deferrals of up to three months on auto loans and personal loans for Covid-19 impacted salaried ...
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DUBAI / WAM In a video message to the private sector, Hamad Buamim, President and CEO, Dubai Chamber of Commerce and Industry, called on Dubai’s business community to cooperate with the relevant government authorities in implementing preventive and precautionary measures to counter the spread of Covid-19. He urged the private sector to ensure the safety and health of its employees ...
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DUBAI / WAM DP World UAE Region announced that Deli Foods Peru has joined the Latin American, (LatAm) Incubation Centre at Jafza One, the flagship commercial complex located at the heart of Jebel Ali Free Zone (Jafza). The agreement was signed at Gulfood 2020, and marks Deli Foods as the first Latin American company to join the incubation centre, a ...
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Bloomberg China’s Hubei province said it will allow transportation to resume for the city of Wuhan on April 8, effectively lifting a mass quarantine over the city where the coronavirus first emerged last December. People in Wuhan will be allowed to leave the city and Hubei province, according to a statement on the provincial government’s website on Tuesday. The easing ...
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Bloomberg About a 40-minute drive to the east of China’s capital, Beijing Aeonmed Co has been working around the clock since January 20. After meeting the country’s needs two weeks ago, its factory lines have been working flat out on orders from overseas for its lifesaving ventilators. With three shifts and even research and development staff working the production line, ...
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