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Bloomberg Daimler AG Chief Executive Officer Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signalled demand for cars and trucks started to recover from the most dramatic slump in decades. Mercedes-Benz car deliveries in China climbed to a record in the second quarter, truck orders are picking up, and global retail sales in ...

Bloomberg Digital advertising platforms run by Google, Amazon.com Inc. and other tech companies will funnel at least $25 million to websites spreading misinformation about Covid-19 this year, according to a study released Wednesday. Google’s platforms will provide $19 million, or $3 out of every $4 that the misinformation sites get in ad revenue. OpenX, a smaller digital ad distributor, handles ...

Abu Dhabi / WAM Dubai Exports announced they will co-host the UAE’s major virtual international buyers forum in partnership with Abu Dhabi Exports Office (Adex), and Etihad Credit Insurance (ECI) in a unified effort to boost the emirate’s export economy and increase foreign business to drive economic recovery for Dubai businesses. The announcement of the forum – which will be ...

Abu Dhabi / WAM The UAE Government will complete more than two million Covid-19 tests during the next two months to continue to curb the spread of the virus. The announcement was made at the UAE Government’s regular media briefing wherein Dr Amna Al Dahak Al Shamsi, official spokesperson of the UAE Government, provided an update on Covid-19 and all ...

ABU DHABI / WAM Etihad Airways is gradually resuming services to more destinations across its global network. This follows the easing of travel restrictions by UAE regulatory authorities on outbound and inbound travel for citizens and residents. All travel remains subject to the entry and health regulations set by the UAE authorities, and those at the end destination. Throughout July ...

Bloomberg In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike in the mountains, and New Yorkers can head to the Hamptons on Long Island. Residents of Singapore, a city-state smaller than New York City, have few such options, presenting a massive problem ...

Bloomberg ByteDance Ltd’s TikTok will pull its viral video app from Hong Kong’s mobile stores in coming days, becoming the first internet service to withdraw after Beijing enacted sweeping powers to crack down on national security threats. That announcement came after internet giants from Facebook Inc to Google and Twitter Inc voiced opposition to national security legislation that grants the ...

Bloomberg Hundreds of thousands of Chinese students enroll at US colleges and universities each year, and right now, a lot of them are concerned. As schools try to figure out how to start the fall semester amid the coronavirus pandemic, some — including Harvard University and the University of Southern California — are opting for online-only instruction. And that means ...

Bloomberg Europe’s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm. Officials sent the starkest warning yet about the impact of the pandemic, with the divergences between richer and poorer countries opening up even further than projected two months ago. It ...

Bloomberg The number of jobs supported by the UK government’s pandemic support exceeds 12 million, highlighting the scale of the task facing Chancellor of the Exchequer Rishi Sunak as he prepares to announce his latest economic strategy on Wednesday. While the rate of increase in the use of the furloughing program and the self-employed plan has slowed since the height ...