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Bloomberg An average of 178,000 workers have been exiting Spain’s furlough program every week to return to their jobs, a sign that the economic recovery is slowly gathering pace in a country that’s expected to suffer one of Europe’s deepest recessions this year. The daily exodus has accelerated as authorities gradually lifted a strict nationwide lockdown that crippled Europe’s fourth-largest ...

Bloomberg Budget restrictions for European Union (EU) member states will apply again after the coronavirus-driven recession is over, European Commission Executive Vice President Valdis Dombrovskis said in an interview with Corriere della Sera. The EU’s stability pact — rules to ensure members pursue sound public finances and coordinate fiscal policy — remains active, Dombrovskis said in the interview, specifying that ...

Bloomberg Bikes are increasingly muscling aside cars on Europe’s city streets, as coronavirus accelerates a shift towards pedal power. Even before the pandemic, bicycles were enjoying an uptick in demand from environmentally conscious consumers, but the risk of contagion on buses and subways increased the appeal. The emergence of e-bikes, which boost power with an electric motor, has removed some ...

Dubai / WAM The Dubai Islamic Economy Development Centre (DIEDC) in collaboration with the Dubai Chamber of Commerce and Industry, and in strategic partnership with Refinitiv, on Saturday announced the second session of the GIES Virtual Series webinar that will provide an outlook on the future of the halal industry, amid the supply chain disruptions caused by the measures taken ...

Abu Dhabi / WAM The United Arab Emirates, represented by the National Emergency, Crisis and Disasters Management Authority, the Ministry of Foreign Affairs and International Cooperation and the Federal Authority for Identity and Citizenship, has announced that all citizens and residents in the UAE are now able travel in accordance with the health preventive and precautionary requirements enforced within the ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Department of Antiquities and Museums completed major restoration work on one of the emirate’s historic watchtowers. Located just outside Al Jazirah Al Hamra, an ancient coastal village renowned for its fishing, pearl diving and boat building, the watchtower is believed to be about 100 years old and was a crucial part of ...

DUBAI / WAM The Ports, Customs and Free Zone Corporation (PCFC) in cooperation with the Dubai Maritime City Authority (DMCA) has launched a Marine Agency to oversee wooden dhow ships and regulate all their activities while they are in Dubai waters. The agency is an organisational unit managed by the PCFC and works according to regulations in coordination with the ...

Bloomberg Prime Minister Justin Trudeau is suspending Canada’s extradition treaty with Hong Kong, making it the first country to break law enforcement links with the former British colony since China tightened its control over the territory. Trudeau announced the measures at a press conference, joining allies in efforts to sanction China. Steps will include a ban on the export of ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, held a video call with Nikola Dimitrov, Minister of Foreign Affairs for North Macedonia, in which they discussed a number of issues of common concern, including new avenues for cooperation and efforts to contain Covid-19. The ministers noted the friendly ties ...

Dubai / WAM UAE-Russia food trade has increased steadily in recent years due to cooperation on food security and Moscow’s efforts to diversify exports. Yet, a Dubai Chamber of Commerce and Industry webinar revealed that much potential still remains in both traditional categories and niche markets. The webinar, titled ”Russia-UAE Food Trade in the Post-Covid-19 Era”, attracted 131 participants from ...