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Bloomberg UK bond issuance is set to surge to the highest level in nine years with Prime Minister Boris Johnson’s government expected to unveil a significant increase in budget spending. Sales of gilts will rise to 166 billion pounds ($218 billion) in the 2020-2021 financial year, according to the median forecast of 13 bond dealers surveyed by Bloomberg. The nation’s ...

Bloomberg An exhausted-looking Elon Musk said he’s unsure his rocket company SpaceX will accomplish its foundational mission — getting to Mars — before he dies. “If we don’t improve our pace of progress, I’m definitely going to be dead before we go to Mars,” Musk said at the Satellite 2020 conference in Washington. “If it’s taken us 18 years just ...

Bloomberg On February 28, questions about the coronavirus swirled around Google’s offices. The company was being criticized for YouTube’s handling of hoax videos, a major company conference was canceled and an employee in Zurich tested positive. In the midst of this, Chief Executive Officer Sundar Pichai sent a memo reminding thousands of his workers about Google’s important role as a ...

Bloomberg Anwar Ibrahim is most likely to lead the country instead of former leader Mahathir Mohamad if the opposition coalition returns to power, according to a top leader in the bloc. “I will have a meeting, and I think most probably it’s going to be Anwar,” former Deputy Prime Minister Wan Azizah Wan Ismail said in a Bloomberg Television interview ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the Dubai Electricity and Water Authority’s (Dewa), Research and Development (R&D) Centre at the Mohammed bin Rashid Al Maktoum Solar Park, one of the key projects at the solar park. His Highness Sheikh Mohammed bin Rashid ...

ABU DHABI / WAM Edge, the advanced technology group for defence and beyond, on Monday announced that it has signed a Memorandum of Understanding (MoU) with Tawazun Economic Council, the defence and security industry enabler responsible for the creation and development of a sustainable industry in the UAE. The agreement will enable Edge to offer exceptional UAE nationals the prospect ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA), announced the signing of a new three year contract with Vinacomin, a Vietnamese state-owned firm, extending the supply of Vietnamese alumina to the UAE until 2023. Under the agreement, EGA will continue to buy up to 300,000 tonnes of alumina from Vinacomin each year. The deal extends an agreement that EGA and ...

ABU DHABI / WAM Etihad Airways has announced that it is allowing travellers one complimentary date or destination change for all flights booked between March 8 and April 7, 2020. In a statement on Monday, the airline said the offer is valid for travel from March 22, 2020, and is applicable to all fares including Etihad Guest redemptions and Etihad ...

Bloomberg The coronavirus outbreak in South Korea is showing signs of slowing as the rate of new daily infections falls and health authorities almost finished testing members of a religious sect at the centre of the epidemic, the country’s health minister said. With the number of new cases slowing to 367 from 483 the day before, Health Minister Park Neung-hoo ...

Bloomberg Grab Holdings Inc closed offices in Singapore and Thailand for five days of cleaning after a Singapore-based employee, who previously visited the Bangkok office, tested positive for the coronavirus. “One employee who is based in our corporate office at Marina One West Tower in Singapore has come down with Covid-19,” Grab said on Monday in an emailed statement. “The ...