Bloomberg Daimler AG plans to sell its factory in Hambach, France, as the maker of Mercedes-Benz cars pursues deeper-than-expected restructuring to overcome the fallout of the coronavirus pandemic. The move to unload the home of the Smart two-seater will result in a negative one-time effect of roughly $562 million in the second quarter, Daimler said. It doesn’t expect an impact …

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a telephone call from President Carlos Alvarado Quesada of Costa Rica on the prestigious strategic relations binding the two friendly nations, as well as regional and international issues of mutual interest. President …

Bloomberg Oil rose for a second day as a bigger-than-expected drop in American crude stockpiles and plunging output from Opec producers outweighed nervousness about a resurgence of coronavirus in the US. Futures held near $40 a barrel in New York after rising 1.4% as the Energy Information Administration (EIA) reported a 7.2 million-barrel decrease in US inventories last week, the …