September, 2020

• 21 September

  Storm Beta to drench Texas, Louisiana

  Bloomberg Beta, a slow-moving tropical storm, will bring flooding rains to Texas and Louisiana as well as raking offshore energy fields with high winds, but may not reach hurricane strength. Beta’s winds will likely hold at 50 miles (80 km) per hour as it approaches the Texas coast, where it could drop between 5 to 10 inches of rain, including ...

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• 21 September

  America lags behind world in protecting meat workers

  

  Bloomberg The US government is falling behind global rivals when it comes to protecting meatpacking workers from Covid-19 infections, even though the nation’s plants were among the first to confront rampant cases across factories. In Germany, the government is ready to upend a labour contracting system that left poorly paid immigrant workers vulnerable. In Brazil, the federal government has set ...

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• 21 September

  European stocks fall most since July; US futures slide

  

  Bloomberg European stocks fall the most since July after a report on bank allegations and signs that London is heading for a second lockdown. US equity futures sank and Treasuries rise. Airlines and travel companies led losses in the Europe Stoxx 600 Index. With virus cases climbing across Europe, there’s growing speculation that officials will be forced to apply tougher ...

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• 21 September

  HSBC shares drop to 25-year low on report of China ‘unreliable list’

  

  Bloomberg HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts, including a potential threat to its China expansion plans and increased scrutiny of money laundering controls. The London-based bank’s Hong Kong shares on Monday slid below their closing low for March 2009, hitting as low as HK$29.60. They ...

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• 20 September

  UAE upholds multilateralism, outlines priorities for UN75

  

  NEW YORK / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, will lead the UAE’s delegation to the 75th session of the UN General Assembly and will virtually address the body on September 29 during the General Debate. During the high-level week, the UAE delegation will be engaging with other member states, UN ...

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• 20 September

  Adnoc joins Mubadala, Enec to drive in-country value for UAE

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Sunday signed two framework agreements with Mubadala Investment Company and Emirates Nuclear Energy Corporation (Enec) to partner on Adnoc’s In-Country Value (ICV) programme following the success of the programme which has driven more than AED44 billion ($12 billion) back into the UAE’s economy and created over 1,500 private-sector ...

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• 20 September

  EDB to focus on creating new opportunities, growth

  

  ABU DHABI / WAM The Emirates Development Bank’s (EDB) newly appointed Board of Directors, held its first meeting on Sunday led by its Chairman, Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology. During the meeting, Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, was selected as Deputy Chairman of the bank. The ...

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• 20 September

  Seha encourages people to embrace healthy lifestyle

  Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) is encouraging the community to embrace a healthy lifestyle amidst the ongoing Covid-19 pandemic by following a balanced diet, drinking sufficient water, exercising, and sleeping adequately to maintain overall health, including mental wellbeing. Dr Anne Elzein Omara, Consultant Psychiatrist, Al Ain Hospital, said, “It is imperative that we understand ...

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• 20 September

  Saudi companies begin talks to form $11bn chemicals maker

  

  Bloomberg Saudi Industrial Investment Group and National Petrochemical Co. started talks to merge, potentially creating a firm with $11 billion in assets as Middle Eastern energy companies assess their options in a lower oil-price environment. The talks are at an initial stage, and no agreement has been reached, the companies said on Sunday. Saudi Industrial owns 50 percent of National ...

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• 20 September

  TikTok owner seeking $60b valuation in US deal

  

  Bloomberg China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address US security concerns, according to a person familiar with the matter. Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global under an agreement that ...

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