Bloomberg The UK car industry joined in a round of job cuts that has swept Europe, with auto companies looking to downsize to cope with lower sales following the Covid-19 pandemic. Aston Martin Lagonda Global Holdings Plc said it plans to eliminate almost 20% of the workforce, or as many as 500 positions, to cope with a slump in demand ...

Bloomberg Bentley Motors Ltd. plans to slash as many as 1,000 jobs in the UK, about a quarter of its workforce, to cut costs and contain the fallout of the coronavirus crisis after years of weak profitability. The move adds to 2,000 other British auto-industry job cuts announced this week, while European car, truck and parts makers have set plans ...

ABU DHABI / WAM The UAE government has raised to 50 percent the capacity level of staffing at all ministries and federal authorities effective Sunday, June 7, taking into consideration their full abidance by all Covid-19 countermeasures. In an announcement, the government said the decision follows the successful return of federal staff by 30 percent last week. “The move falls ...

Bloomberg When it comes to US-China friction, Asia’s loss is turning into Latin America’s gain. The worsening relationship between the world’s two biggest economies is driving capital out of Asia into nations such as Brazil and Mexico, where the March rout has left valuations too low to ignore. Investors are now paying the most in three years to own Latin ...

ABU DHABI / WAM Etihad Airways will link 20 cities in Europe, Asia and Australia via Abu Dhabi, effective June 10. In a statement by the airline on Thursday, the new transfer services will make it possible for those travelling on the airline’s current network of special flights to connect easily through the UAE capital onwards to key global destinations. ...

ABU DHABI / WAM UAE Minister of State for International Cooperation Reem Al Hashemy will participate in the Global Vaccine Summit 2020 which will be hosted by British Prime Minister Boris Johnson. This will be the main UK-hosted global health summit this year and the first virtual summit that the Johnson will host since the start of the Covid-19 pandemic. ...

Abu Dhabi / WAM By deploying innovative technologies that are relevant to the region, such as solar power plants, onshore wind farms and waste-to-energy projects, Masdar is supporting UAE’s sustainable development, stated Mohamed Jameel Al-Ramahi, CEO of the Abu Dhabi Future Energy Company (Masdar). “Since Masdar was established in 2006, the number of people living in urban communities has overtaken ...

Dubai / WAM The UAE’s federal export credit company, Etihad Credit Insurance (ECI) has reaffirmed its commitment to support companies operating in the country in order to help them recover from the implications of Covid-19. During these challenging times, ECI continues to fulfill its mandate to support UAE businesses as the pandemic has caused financial institutions and private insurers to ...

ABU DHABI / WAM The United Arab Emirates on Thursday sent an aid plane containing eight metric tons of medical supplies to Cuba to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 8,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Bader Abdulla Saeed Almatroshi, UAE Ambassador ...

Dubai / Emirates Business Following the UAE Federal Government’s announcement to lift restrictions on transit passengers services, from June 15 Emirates will offer passenger services to 16 more cities on its Boeing 777-300ER aircraft. With travel restrictions remaining in place in most countries, customers are reminded to check entry and exit requirements before their journeys. Flights to the following cities ...