Uncategorized

Bloomberg Italian debt is once again the must-watch bellwether for growing tensions within the euro-area. Global investors have lasered in on the nation’s bonds because, while they feature tempting yields, the government’s relatively weak finances add to the shared risk across the region. UniCredit SpA estimates foreign asset managers and hedge funds’ exposure to Italian government bonds may be around ...

Bloomberg Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected. The drop in employment adds to the 1 million decline in March. The jobless rate jumped to 13% in April, the agency said in Ottawa. Economists were anticipating a loss of ...

Bloomberg The US health-care industry wasn’t immune to the devastating job losses caused by the coronavirus last month. Even as health-care workers battled Covid-19 in emergency rooms and intensive-care units across the country, the industry saw 1.4 million jobs vanish in April, the Labor Department reported on. That equates to about one of every 12 health-care jobs. The largest declines ...

Bloomberg Plant-based protein companies have been trying to sway consumers away from beef for years. Now, meat shortages caused by Covid-19 pandemic are making their job easier. Faux meat producers have a once-in-a-lifetime opportunity as supplies of beef tighten in the US. Wendy’s Co. has been running out of hamburgers at some locations, while Kroger Co. and Costco Wholesale Corp. ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, praised the call of the Higher Committee of Human Fraternity to all people to make Thursday, May 14, a day to pray to end the coronavirus pandemic. Sheikh Nahyan said that His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

ABU DHABI / WAM As part of its social responsibility programmes and voluntary efforts, Abu Dhabi Agriculture and Food Safety Authority (Adafsa), represented by its social service program “Auwn”, participated in several charitable and humanitarian schemes performed Emirates Red Crescent (ERC) during the holy month of Ramadan. This participation comes as part of its initiative “from your homes lighting their ...

ABU DHABI / Emirates Business The Authority of Social Contribution – Ma’an has announced its ‘Together We Share’ initiative has already delivered more than more than 3 million nutritious meals to workers across the Emirate of Abu Dhabi. Since deliveries started on 1 May, meals have been provided for tens of thousands of workers based in accommodation across 35 complexes ...

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced there has been a continued improvement of air quality in Abu Dhabi due to government efforts to control human and traffic movement in the capital, as part of the precautionary measures undertaken to combat Covid-19. The agency observed that air pollutants such as nitrogen dioxide (NO2) had decreased ...

Bloomberg For the authoritarian president of Belarus, Alexander Lukashenko, a deadly global pandemic is no reason to cancel the country’s military parade marking victory in World War II. Defying warnings about the risks of letting the coronavirus spread, Lukashenko has summoned troops to the capital, Minsk, for the parade that’s expected to attract thousands of spectators, even after neighbouring states ...

Bloomberg Euro-area finance ministers agreed to allow the region’s bailout fund to extend credit lines to each of the bloc’s governments on concessionary terms, paving the way for countries including Italy to draw cheap liquidity amid an unprecedented spending spree. The deal struck at a video conference on Friday forms a key part of the bloc’s response to the crisis ...