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Bloomberg Janey Zhang, the owner of an umbrella factory in China’s east coast city of Shangyu, spends her days watching the news for coronavirus updates and fielding calls from cash-strapped employees asking when they can go back to work. “I don’t know,” says Zhang, whose Zhejiang Xingbao Umbrella Co employs about 200 workers. “We await government instructions. If it’s just ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, on Monday attended the UAE SWAT Challenge 2020. The challenge was organised by the Ministry of Interior, in ...

ABU DHABI / WAM ‘The Exchange’, a new social innovation space at Yas Mall, by the Authority of Social Contribution (Ma’an), was opened to the public on Monday revealing a packed programme of international speakers, CSR and university workshops as well as family-friendly activities for the community. Dr. Mugheer Al Khalil, Chairman of the Department of Community Development – Abu ...

SHARJAH / WAM Air Arabia announced its financial results for the full year ending 31st December 2019, reflecting a record year of profitability and continued growth. Air Arabia also reported in a press statement a track record net profit of AED1 billion ($272m) for 2019, an increase of 80 percent compared to the net profit registered in 2018 (Excluding the ...

ABU DHABI / WAM For the fourth year in a row, the National Reference Laboratory (NRL) part of Mubadala’s network of world-class healthcare providers, delivered educational talks and workshops for laboratory professionals at this year’s edition of MEDLAB, which ran from February 3-6 at Dubai World Trade Centre. This is in line with NRL’s commitment to elevate the standards of ...

Bloomberg Google’s decade-long antitrust fight with the European Union is set for more twists and turns this week as the internet giant battles the first in a trilogy of fines that cost the company nearly $9 billion. The EU’s General Court in Luxembourg will host a three-day hearing starting on February 12 as the Alphabet Inc unit seeks to topple ...

Bloomberg China warned France against treating Huawei Technologies Co differently from European competitors when it comes to future 5G network equipment contracts, as the US mounts a campaign to keep the Chinese tech giant at bay. In a lengthy statement issued on its website, the Chinese embassy in Paris urged France to establish “transparent criteria and treat all companies in ...

Bloomberg The race to lead Germany was thrown wide open on Monday when Annegret Kramp-Karrenbauer announced that she will step down as leader of Angela Merkel’s Christian Democratic Union (CDU) and won’t run as the party’s candidate for chancellor in the next election. Kramp-Karrenbauer, widely known by her initials AKK, has struggled to stamp her authority on the party since ...

Bloomberg China’s consumer prices rose the fastest in more than eight years last month, with the outbreak of the coronavirus and subsequent shutdowns of transport links across the country making further gains in the coming months likely. Consumer prices rose 5.4%, with food prices jumping the most since 2008 in January. Even before the coronavirus, prices were likely to have ...

Bloomberg Jaguar Land Rover announced that its supply chains outside China could be impacted by the coronavirus outbreak in an updated presentation to investors. The luxury carmaker wrote that it expects the virus to affect its fourth quarter but that it’s too early to quantify. Though the company issued an update to add that if disruption continues, supply chains outside ...