Bloomberg Volkswagen AG is starting a sales initiative to revive demand in its domestic German market as consumer uncertainty across Europe’s largest economy risks choking off factory restarts. The world’s biggest carmarker will offer improved leasing and financing terms and payment-protection insurance in case buyers lose their jobs, VW’s passenger-car division said on Monday in a statement. The program for ...

Bloomberg In the middle of a spat between Europe’s top courts over the limits of European Central Bank (ECB) monetary stimulus, President Christine Lagarde is probably preparing to do even more. A lawyer herself, Lagarde says her institution is “undeterred” by a legal tussle over its 2.7 trillion-euro ($2.9 trillion) asset-purchase program, and will do what’s needed to carry the ...

Bloomberg European stocks advanced and US index futures edged higher following a mixed session in Asia, as investors weighed moves across the globe to relax restrictions for the coronavirus. Crude oil slipped, while Treasuries were steady. Gains in banks and miners drove the Stoxx Europe 600 Index higher at the open. Contracts on the three main American equity indexes also ...

Bloomberg India stocks rose as investors anticipate more fiscal stimulus after the government decided to increase its borrowing target by over 50% this fiscal year. The S&P BSE Sensex climbed 1.8% to 32,225.79 as of 9:46 am in Mumbai, while the NSE Nifty 50 Index rose by the same magnitude. The regional MSCI Asia Pacific Index increased by 1.3% as ...

Bloomberg Sri Lanka’s stock market opened after a seven-week trading halt only to shutter within minutes following a more than 10% drop in a gauge of blue chip shares, highlighting the risks of a long hiatus. The benchmark Colombo All Share Index settled 3.9% lower at 4,392.43 after a slide at the open in a measure of the nation’s top ...

ROME / WAM David Beasley, Executive Director of the UN World Food Programme (WFP) has expressed his gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his relentless efforts to fight disease and hunger across the world. ”Thanks to my good friend @MohamedBinZayed….. . ...

Dubai / Emirates Business The Emirates Group on Sunday announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due to the Covid-19 pandemic in the fourth quarter. Released in its 2019-20 annual report, the ...

ABU DHABI / WAM Two organisations from the UAE and Saudi Arabia have joined forces to launch a media project in support of People of Determination on social media platforms. The Zayed Higher Organisation for People of Determination and the King Salman Centre for Disability Research on Sunday announced the campaign, ‘To Be Closer to You’, aims to activate dialogue between ...

ABU DHABI / WAM Adnoc Distribution on Sunday announced the opening of four new ‘Adnoc On the Go’ neighbourhood service stations in Abu Dhabi, bringing fuel and retail closer to its customers in communities where traditional stations would be impractical. The “next-generation stations” allow customers to shop at Adnoc Oasis convenience stores from the comfort of their own vehicles by ...

Bloomberg Governments have devoted more than $85 billion to propping up airlines after the coronavirus pandemic wiped out travel demand and grounded jetliner fleets. But with job cuts racking up, a debate is raging over whether opening the spigot will do more than merely delay the inevitable. Global air traffic may only get back to 50% to 60% of usual ...