February, 2020

• 29 February

  British Airways shrinks its Milan timetable amid virus

  Bloomberg British Airways (BA) became the first major carrier to cut services to Italy following the spread of the coronavirus there, saying it will eliminate 22 round-trip flights to Milan through March 11. BA said that it took the decision following a reduction in demand for travel to the city in the Lombardy region, where the Italian outbreak is concentrated. ...

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• 29 February

  Papa John’s falls most on dim growth, virus

  

  Bloomberg Papa John’s International Inc fell after the pizza chain reported earnings that suggest little growth for its North American locations this year, along with concerns about the coronavirus that’s quickly becoming a threat to the global economy. While North American same-store sales rose 3.5% last quarter and exceeded analysts’ predictions, the chain isn’t planning on increasing its net store ...

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• 29 February

  Nestle bans employee travel in radical virus response

  Bloomberg Nestle SA, the world’s largest food and beverage company, told employees to avoid travelling for business reasons until the middle of March to keep from contracting or spreading the coronavirus. The Swiss maker of KitKat and Nespresso capsules “shares global concerns over the spread and impact on public health of coronavirus,” it said. Nestle, which employs 291,000 people worldwide, ...

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• 26 February

  Data a key pillar to achieve 50-year strategy objectives

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that data is a key pillar in the strategy to realise the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform the emirate ...

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• 26 February

  Expo 2020, new gas finds fuel UAE’s rapid economic growth

  

  ABU DHABI / WAM As 2020 unfolds, the positive dynamic in January and February is auguring well for the UAE, with new gas finds and a series of mega developmental projects, announced over the past few months, giving multiple shots in the arm for the country’s economy, according to international economists. Several indicators, supported by specialist international reports, show the ...

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• 26 February

  The National receives Google innovation grant

  ABU DHABI / WAM The National, the English-language news outlet based in Abu Dhabi, has been selected by the Google News Initiative as one of the first winners of Google’s GNI Middle East Innovation Challenge. The GNI Middle East Innovation Challenge is a programme that will fund a set of projects across the region that inject new ideas into the ...

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• 26 February

  Europe on high alert for virus as cases rise

  

  Bloomberg Europe kicked into high alert as countries from Italy and Spain to France reported rising numbers of cases of coronavirus, struggling to limit its spread. Vast swathes of the Lombardy and Veneto regions of Italy, stretching from Milan to Venice, remained in a virtual lockdown. Spain kept about 700 guests confined to a Canary Islands hotel as they undergo ...

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• 26 February

  Enoc, Japan’s Idemitsu to strengthen cooperation

  

  DUBAI / WAM Enoc group announced the signing of an agreement with Japan’s Idemitsu for the supply and distribution of lubricants in the UAE and neighbouring countries. The agreement enables Enoc to produce lubricants for Idemitsu and its customers such as the original equipment manufacturer (OEM), for Toyota, in addition to managing the supply and distribution of lubricants. Ensuring a ...

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• 26 February

  Oil slumps to lowest in a year as fear of coronavirus hit spreads

  

  Bloomberg Oil extended declines to the lowest in a year on fears the fast-spreading coronavirus will take a major toll on the global economy. Futures in New York fell 1.4% after plummeting more than 7% over the previous three sessions. Top US health officials warned of a domestic outbreak of the infection, triggering another sell-off on Wall Street and in ...

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• 26 February

  UAE, Mexico seek to boost cooperation

  Abu Dhabi / WAM Sultan bin Saeed Al Mansoori, UAE Minister of Economy, discussed ways to further develop economic cooperation frameworks with Mexico during a number of bilateral meetings held with Mexican ministers and other government officials, in connection with UAE delegation’s participation in the “Mexico-UAE Business and Trade Forum” hosted by Mexico. During Al Mansoori’s meeting with Miguel Torruco ...

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