Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 252,243 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Lockdown restrictions are sweeping Europe again. France’s Emmanuel Macron is the latest leader to impose nationwide stay-at-home curbs, closing non-essential businesses, schools and daycare centers. A surge in Covid-19 infections has also forced neighbouring Germany and Italy into Easter shutdowns, as vaccinations still aren’t where they need to be to keep pace with new and more contagious virus variants. These ...

If the United States is to regain its position in the global semiconductor industry, it may need help from bankers as much as engineers. Intel Corp’s bold new plan to expand capacity and get into the foundry business, as well as Taiwan Semiconductor Manufacturing Co’s pledge to build a new fab in Arizona, are both welcome news. That’s particularly the ...

Texas’ blackouts might yet claim another victim: the merchant generation sector. Vistra Corp and NRG Energy Inc face big bills arising from the state’s February freeze. Worse, those bills somehow came as a big shock. At first, Vistra’s stock jumped as it was expected to clean up on power-price spikes. Such hopes were reinforced by a big dividend increase — ...

One thing that quickly became apparent after the onset of the Covid-19 pandemic and the fleeting collapse in financial markets is that big US banks, the villains of the previous crisis, were determined to be the good guys this time around. No job cuts in 2020. Deferred payments on credit cards and mortgages without repercussions. You name it, the likes ...

Bloomberg Frontier Group Holdings Inc struggled to gain traction in its trading debut after selling shares at the bottom of a marketed range. The stock slipped less than 1% to close at $18.85 in New York after an initial public offering at $19 a share. By contrast, rival discounter Sun Country Airlines Holdings Inc opened with a pop after an ...

Bloomberg Deutsche Lufthansa AG will ask shareholders to approve a capital increase that would open a path towards removing the German government as its biggest shareholder. The proposed 5.5 billion euros ($6.5 billion) in fresh capital would give Europe’s largest airline enough cash to replace a so-called silent participation, a major part of Lufthansa’s 9 billion-euro bailout from the state. ...

Bloomberg United Airlines Holdings Inc will resume pilot hiring as the carrier sees signs of a sales recovery amid expanding US vaccination campaigns. The carrier will begin with 300 pilots who received a conditional job offer last year or had a new-hire class that was canceled, Bryan Quigley, senior vice president of flight operations, told employees. The decision followed a ...

Bloomberg Nomad Foods Ltd plans to grow the Ledo frozen-food group brands, not spin them off, after sealing a $724-million Croatian acquisition that gives Europe’s largest frozen food business a foothold in the Balkans. “It would be a big mistake to make any change,” Chief Executive Officer Stefan Descheemaeker said in an interview via a video-link. “We are in the ...

Bloomberg Boeing Co rose after Southwest Airlines Co ordered 100 of the smallest version of the 737 Max, cementing a half-century relationship and ending a public flirtation with Airbus SE. The deal for Max 7 planes strengthens Boeing’s first-quarter sales as well as its campaign to bolster its single-aisle aircraft program after two fatal crashes spurred a record flying ban ...