Friday , 26 December 2025

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Primark makes contingency plans for virus supply cut

Bloomberg The owner of the Primark budget fashion chain warned that any prolonged manufacturing delays at its factories in China due to the coronavirus could cause supply shortages on certain lines later this year. Associated British Foods Plc has built up inventories and is “well stocked for cover for several months,” according to a statement, which said the virus could …

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UAE, Saudi Arabia collaborate on empowering cross-border trade

DUBAI / WAM The United Arab Emirates and the Kingdom of Saudi Arabia strengthen their economic partnership to enhance the trade, diversify and create opportunities for the businesses and people in both the countries. Etihad Credit Insurance (ECI), the UAE Federal export credit company has partnered with the Saudi Fund for Development (SFD), for financing and providing credit insurance to …

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Coronavirus is another reason to boost fiscal stimulus: OECD

Bloomberg The coronavirus outbreak presents another reason for nations with fiscal surpluses to boost their spending and support the global economy, the head of the Organisation for Economic Cooperation and Development (OECD) said. “It’s a call to arms,” Angel Gurria, secretary general of the OECD, said in an interview with Bloomberg TV in Saudi Arabia. “Look at what’s going on. …

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