April, 2020

• 26 April

  E-comm stocks soar with long-lasting pandemic gains

  

  Bloomberg E-commerce companies have emerged as a favourite play on Wall Street during the coronavirus pandemic, amid a growing consensus that upcoming results will reveal a potentially permanent shift in consumer behaviour towards online shopping. While online sales have long been growing their market share as a percentage of overall retail spending, the trend has been accelerated as shutdowns force ...

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• 26 April

  Colorado shuts Walmart store after 3 virus deaths

  Bloomberg A Walmart Inc store near Denver has been shuttered by local authorities after three people with ties to the location died from coronavirus. The closing came after a series of complaints from employees and shoppers about a lack of social distancing, according to the Tri-County Health Department. This included workers not wearing face masks and too many people in ...

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• 25 April

  UAE provides 171 tonnes of food aid to Yemen’s Al Shihr residents

  

  HADRAMAUT / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC) provided 4,000 food parcels weighing 171 tonnes to the residents of Al Shihr district in the Yemeni Governorate of Hadramaut on the occasion of the Holy Month of Ramadan. The aid package was administered in line with the directives of His Highness Sheikh Mohamed bin Zayed ...

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• 25 April

  Production cuts buoy oil even as glut looms over market

  

  Bloomberg Oil edged lower for the week after paring losses following the dramatic collapse that saw prices in New York plunge below zero for the first time in history. West Texas Intermediate for June delivery rose 2.7%, closing the curtain on a tumultuous week of wild price swings. US operators have started to shut old wells and halt new drilling, ...

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• 25 April

  UAE ministry reduces work hours for private sector

  DUBAI / WAM The Ministry of Human Resources and Emiratisation has issued a ministerial circular reducing the working day by two hours for all employees working in the private sector in the country during the Holy Month of Ramadan 1441 Hijri, Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, issued the circular in implementation to the Federal ...

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• 25 April

  China deflected blame for pandemic, says EU

  

  Bloomberg The European Union’s (EU) foreign and diplomatic wing said there’s evidence of a “coordinated push” by official Chinese sources to deflect blame for the coronavirus pandemic and promote its response to the virus. Official Chinese sources have been “publicising announcements and deliveries of bilateral assistance, with polls in certain countries showing China being perceived as more helpful in fighting ...

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• 25 April

  India pays $4.8 billion to its poor to ease Covid-19 woes

  

  Bloomberg India distributed about $14 each to more than 350 million people to ease their financial stress amid a nationwide lockdown enforced to prevent the coronavirus from spreading, the government said. The assistance totaling more than 370 billion rupees ($4.84 billion) was given under a state program named “PM Garib Kalyan,” KS Dhatwalia, a spokesman for the administration said. That’s ...

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• 25 April

  Dubai deploys proactive measures to contain virus

  

  DUBAI / WAM Dubai continues efforts to contain Covid-19 with proactive measures, long lasting stock of strategic commodities Only 12 out of 1,200 frontline paramedics of Dubai Corporation for Ambulance Services (DCAS) tested positive for coronavirus, five of them fully recovered and returned to perform their duties, said Khalifa Hassan Al Drai, the Corporation’s Executive Director. Al Dari made the ...

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• 25 April

  DFA goes virtual to ensure participants’ safety, productivity

  

  Dubai / Emirates Business Dubai Future Accelerators (DFA), one of Dubai Future Foundation’s (DFF) initiatives, has announced the successful implementation of a virtual program in collaboration with a group of government and private entities in Dubai. The organisation’s efforts to navigate the current environment and shift towards a remote way of working aims to enable an uninterrupted and impactful completion ...

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• 25 April

  UAE, India review global fight against Covid-19 pandemic

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has re-affimred the UAE’s determination to foster the long-standing partnership ties between UAE and India in various fields. This came in a phone call with Subrahmanyam Jaishankar, Minister of External Affairs of India, wherein the two top diplomats reviewed the global ...

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