Bloomberg France is prepared to further ramp up spending to support any firm, from mom-and-pop shops to its national flag carrier, as rising unemployment and a resurgence of the Covid-19 pandemic cast a longer shadow over the economy. Finance Minister Bruno Le Maire pledged that if needed the state will pump more public money into Air France and expand funding ...

Bloomberg Land Securities Group Plc slashed the value of its properties by 945 million pounds ($1.2 billion) as the coronavirus pandemic forces thousands of stores to close. The company, one of the UK’s largest real estate investment trusts, incurred most of the damage in retail assets that were written down by more than 20% outside London and about 17% in ...

Bloomberg A Covid-19 vaccine from Pfizer Inc may be on the horizon, but the cost of distributing vaccines across all 50 states and who will pay for that operation remains a huge stumbling block. What is clear is that much of the financial burden and logistical challenge of getting a vaccine to people has fallen on the shoulders of state ...

Bloomberg The global rally in stocks paused on Tuesday while haven assets found support amid concern that a promising coronavirus vaccine study still has hurdles to clear. The Stoxx Europe 600 Index fluctuated, with banks leading gains and tech stocks the biggest decliners, the day after news from Pfizer Inc and BioNTech SE about their anti-viral treatment sent global stock ...

Bloomberg Stocks in India’s $2.2 trillion market joined a global rally as vaccine results fuelled optimism of an exit from the pandemic after local benchmarks closed at record highs. The S&P BSE Sensex climbed 1.1% to 43,067.84 in Mumbai, while the Nifty 50 rises by 1%. Both gauges closed at fresh peaks Monday and have gained about 8% so far ...

Abu Dhabi / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, stated that changes to oil prices are caused by supply and demand, and it is too early to say whether the coronavirus pandemic will permanently affect demand, which is the main factor for determining oil prices. The trust in oil markets is gradually returning, due to ...

Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, and First Abu Dhabi Bank (FAB) announced the completion of an energy and water-saving retrofit project for an Abu Dhabi-based school for People of Determination. The Future Rehabilitation Centre in Mohammed bin Zayed City is benefitting from energy reductions of over a third and water savings of ...

Abu Dhabi / WAM Abu Dhabi’s non-oil foreign trade sector demonstrated agility and preparedness, reaching AED151.18 billion from January to September this year, despite the Covid-19 pandemic. The sector also distributed imports worth AED69.33 billion, exports worth AED55.37 billion, and re-exports worth AED26.48 billion. The General Administration of Abu Dhabi Customs continued its pioneering efforts to continue the uninterrupted flow ...

DUBAI / WAM Virgin Hyperloop made history on Monday as the first passengers successfully traveled in a Hyperloop pod. The significant investment made by Dubai-based DP World, the leading global provider of smart logistics solutions, in the research and development of hyperloop technology, has played an instrumental role in today’s milestone. Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop and ...

Bloomberg Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into White House even as Donald Trump rejected the outcome of US election. Crude futures in New York rise 2.3% and spot gold added 0.2% amid a broader rally in global stocks. The dollar extended declines. While Biden declared ...