Bloomberg India expanded an emergency credit program to airlines and hospitals to cushion them from the impact of a wave of coronavirus infections and deaths. The loans, which were previously intended for specific sectors such as small borrowers, can be availed until September 30 or until total guarantees worth 3 trillion rupees ($41 billion) are offered, the Finance Ministry said ...

Abu Dhabi / WAM Emirates Post on Sunday signed a Memorandum of Understanding (MoU) with the Sharjah Investment and Development Authority (Shurooq). The MoU stipulates the launch of commemorative postage stamps and special edition postcards that will be sold to visitors of the Al Bareed Café, a unique coffee house located in the “Heart of Sharjah.” Rashed Huraiz Alfalasi, Acting Chief ...

ABU DHABI / WAM The Georgian Ambassador to the UAE, Paata Kalandadze, has affirmed that the relations between the UAE and Georgia have witnessed continuous growth at various levels since the establishment of diplomatic relations between the two countries in 1992. In a statement to the Emirates News Agency (WAM) marking his country’s independence day anniversary, Kalandadze said that Georgia ...

UMM AL QAIWAIN / WAM The Umm Al Qaiwain Tourism and Archaeology Department announced that the start of construction of the new Umm Al Qaiwain National Museum in Old Umm Al Qaiwain, which will cover an area of 8,000 square metres. Sheikh Majid bin Saud bin Rashid Al Mualla, Chairman of the Department, stressed that, upon the directives of HH ...

ABU DHABI / WAM Under the patronage and in the presence of HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of the Abu Dhabi Early Childhood Authority (ECA), the authority has launched the Parent-Friendly Label (PFL), a new initiative that aims at promoting a parent-friendly workplace culture in Abu Dhabi. ...

Abu Dhabi / WAM Statistics Centre – Abu Dhabi (Scad) and the Abu Dhabi Investment Office (ADIO) on Sunday signed a Service-Level Agreement (SLA) to cooperate on exchanging data, promoting statistical collaboration, and building foundations for joint action. The partnership is aimed at achieving integration and supporting Abu Dhabi Government’s pursuits to build a comprehensive and sustainable statistical system that ...

NEW YORK / ABU DHABI / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Omar Ghobash, Assistant Minister for Public and Cultural Diplomacy, have met virtually with members of the Group of Latin American and Caribbean Countries (Grulac) at the United Nations, to introduce the UAE candidacy for a non-permanent seat on the UN Security ...

The jump in US consumer prices as the economy began reopening this spring — they rose 4.2% over the 12 months ending in April — has prompted a lot of historical comparisons to the bad old inflationary days of the 1970s. If we’re going to do historical comparisons, though, why stop at the 1970s? The Bureau of Labor Statistics has ...

The task of shifting the car industry from metal bashing and combustion engines to software and batteries is fraught with danger for incumbents such as Ford Motor Co. A big strength of Ford’s new boss Jim Farley is making the bridging of that epochal divide sound simple. The no-nonsense chief executive officer laid out how he plans to lead Ford ...

This year’s meme-stock phenomenon GameStop Corp is soaring again. But the Reddit crowd that loves trading the name may be getting too exuberant, especially considering Best Buy Co’s latest strong earnings report. The consumer-electronics retailer is crushing it at both its physical stores and e-commerce business, making GameStop’s turnaround that much more of a challenge. Best Buy said that it ...