Bloomberg Elon Musk’s Space Exploration Technologies Corp. is seeking almost $656,000 in new funding from California in the midst of the billionaire’s battle over whether Tesla Inc. should be reopening its plant in the state. SpaceX’s request for funds to train existing workers and hire new ones will go before the state’s Employment Training Panel on May 15, one week ...

Bloomberg Brazilian port workers are starting to fall ill as the coronavirus pandemic reaches one of Latin America’s busiest shipping hubs. At least three privately-run terminals that handle soybeans, corn, sugar and coffee at Brazil’s Santos port have registered two cases each of Covid-19 in the past two weeks, according to people with direct knowledge who asked not to be ...

Bloomberg More than 1,000 workers at European slaughterhouses have contracted Covid-19, highlighting the growing challenges the global meat industry faces from the pandemic. In Ireland, 556 workers in 10 meat-processing facilities tested positive as of last week, the nation’s health department said. The Robert Koch Institute, which publishes daily Covid-19 reports in Germany, said there have been outbreaks at plants ...

Bloomberg Caution hung over markets on Wednesday, with European stocks falling following a late drop on Wall Street, and US equity futures edging higher alongside Asian benchmarks. Treasuries climbed, while oil futures slipped. Declines in travel and auto shares pulled the Stoxx Europe 600 Index lower, as corporate earnings continued to underscore the devastating impact of the coronavirus pandemic. The ...

Bloomberg Stocks in Asia’s third-largest economy jumped the most in almost two weeks after Prime Minister Narendra Modi said his government will spend a total of 20 trillion rupees ($265 billion) to help India weather the fallout of coronavirus pandemic. The S&P BSE Sensex index gained 2.5% to 32,164.6 as of 11:13 am in Mumbai. The Nifty 50 rose 2.5%. ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered coronavirus (Covid-19) free tests for the UAE citizens, in line with the preventive and precautionary measures taken by the UAE to contain the spread of the virus. According to a joint statement ...

ABU DHABI / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday its first quarter 2020 financial results, recording an underlying Ebitda of AED629 million, a growth of 4.7 percent. In a statement, the company noted net profit was AED 400 million for the quarter and cash flow generation “remained strong” with free cash flow of ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) signed a ‘Depository Agent Custodian’ agreement with Bahrain Clear to offer custody services at Bahrain Bourse to regional and international investors. According to a press statement issued by FAB on Tuesday, the agreement is “in line with Bahrain Clear’s efforts to enhance post-trade services and expand outreach to regional and global ...

ABU DHABI / WAM His Highness Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Zayed Higher Organisation for People of Determination (ZHO) said that the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, is an icon of humanitarian action in both regional and international spheres. In a statement marking Zayed Humanitarian Day, Sheikh Khalid ...

Emirates Business Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to data gathered by AksjeBloggen, the global digital payments market is expected to continue rising in the following years, ...