Bloomberg Germany will broaden its economic aid to more areas including arts to help them weather the fallout from the coronavirus, the Tagesspiegel newspaper cited Finance Minister Olaf Scholz as saying in an interview. “The arts and culture need their own stimulus program, we want to massively help people here,” Scholz said. “We also have to do something for hotels ...

Bloomberg Argentina extended the deadline to its debt offer to May 22, the government said in a resolution published in the Official Gazette on Monday. The previous deadline was May 8 and the extension means results will now be announced on May 25 and liquidated on May 27, according to the resolution. Bloomberg reported the plans to prolong the deadline ...

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 ...