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Bloomberg The Philippine economy fell back into contraction in the second quarter compared to the previous three months, as elevated numbers of Covid cases and extended lockdowns place the nation among Asia’s laggards. Gross domestic product (GDP) shrank a seasonally adjusted 1.3% in April-June from the previous quarter, the country’s statistics agency said, compared to the 1.1% contraction expected by ...

Bloomberg Renault SA signed an agreement with Geely Holding, China’s largest privately owned auto group, to help the French carmaker reestablish a presence in the world’s biggest vehicle market. The companies will jointly introduce Renault-branded hybrid vehicles in China, according to a statement. They’ll also explore selling cars based on Geely’s Lynk & Co vehicle platforms in South Korea, where ...

Bloomberg UpGrad has raised $185 million from Temasek Holdings Pte and other investors over a span of a few months this year, garnering a valuation of $1.2 billion that ranks it as India’s third-largest edtech unicorn. The higher education startup doubled in valuation within 60 days of its first financing round of $120 million from Temasek, later adding another $65 ...

Bloomberg India’s National Stock Exchange of India Ltd said it will start trading in select US stocks through its wholly-owned subsidiary, NSE IFSC. “The offering will be in the form of unsponsored depository receipts,” the National Stock Exchange said in a statement. “NSE IFSC will announce the operational details shortly and will launch the product at the earliest possible time.” ...

Bloomberg Singapore will recalibrate its foreign worker policies to strike a balance between accepting overseas workers and addressing the economic and social concerns of its citizens, Prime Minister Lee Hsien Loong said. The government is aware such anxieties over the foreign worker population have worsened because of uncertainties caused by the Covid-19 pandemic, and authorities are addressing them, Lee said ...

Bloomberg Afghan President Ashraf Ghani views peace talks with the Taliban as dead, and is looking to both arm civilians and cooperate with warlords to prevent the militant group from overrunning his administration in Kabul. Since the weekend the Taliban has captured the capitals of five northern provinces and one in the west, where they met little resistance from the ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree regarding the appointment of a Deputy Ruler of the Emirate of Sharjah. Emiri decree No. 25 of 2021 stipulates that Sheikh Sultan bin Ahmed bin Sultan Al Qasimi will be appointed as the Deputy Ruler of the Emirate ...

ABU DHABI / WAM The Department of Community Development in Abu Dhabi (DCD) and Statistics Centre — Abu Dhabi (SCAD) signed a cooperation agreement that will allow the two entities to accurately measure the quality of life for workers in Abu Dhabi. The aim is to activate their role within a set of future programmes and initiatives that will help ...

DUBAI / WAM Expo 2020 Dubai has revealed the calendar for its ‘Programme for People and Planet,’ a schedule of events, experiences, thought-leadership and public conversations that aims to find solutions for some of the most pressing problems facing our world. Designed with and for the global community, the programme will harness the connecting power of World Expos to catalyse ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) has advised international pharmaceutical companies to apply for marketing approval for their products in the UAE before being approved in the manufacturing country, according to a senior official. This allows pre-study of the file to issue the marketing approval in the UAE for innovative products and rare medicines once ...