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Bloomberg European Central Bank (ECB) President Christine Lagarde and European Commission President Ursula von der Leyen are among leaders urging Italy to take advantage of the region’s proposed 750 billion-euro ($844 billion) recovery plan to speed up structural reforms. The so-called Next Generation EU plan is a “unique opportunity for Italy,” Von der Leyen said in a video message to ...

Bloomberg Chancellor of the Exchequer Rishi Sunak backed calls to ease the UK’s 2-meter social distancing rule to help the stalled economy get back to work, as he urged Britons to go shopping again. The government is conducting a “comprehensive review” of the regulation that requires people to remain 2 meters (6 feet 7 inches) apart in public to reduce ...

Bloomberg Stores on Oxford Street, London’s most famous shopping thoroughfare, will open Monday for the first time since March. The question is how many customers will show up. After locking down to slow the spread of the coronavirus, retailers in the capital and across England are desperate to get back to business. They’re rushing to install sneeze screens, “sanitation stations,” ...

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) proactively invested in state-of-the-art technologies and established an advanced digital infrastructure to provide its customers with a range of electronic and smart services. The move is in line with the UAE leadership’s directives and visionary stance. With the onset of the Covid-19 pandemic around the world, MoFAIC ...

ABU DHABI / WAM Theodore Ribera, Minister of Foreign Affairs of the Republic of Chile, expressed his thanks and gratitude to the UAE for the aid plane sent to his country as part of the UAE’s efforts to help various countries around the world in containing the spread of Covid-19. This came as the minister received the airplane which carried ...

DUBAI / WAM The Dubai Gold and Commodities Exchange (DGCX) announced that it has received a positive assessment from the European Securities and Markets Authority (Esma) the EU’s securities markets regulator, and is now listed as a third-country trading venue (TCTV) that meets the post-trade transparency requirements under MiFID II and MiFIR. The DGCX met all the criteria set out ...

ABU DHABI / WAM The Abu Dhabi Police has warned families against potential scam targeting children, teenagers and “unsuspecting” adults to illegally take their money through internet games, advertisements and social media forums. The scammers use various deceptive and lucrative methods to take advantage of their victims, posing as legitimate organisations or businesses. The police referred to recent cases, where ...

Dubai / WAM The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy received 1,404 consumer complaints on the e-commerce sector during May, which was 228% higher than the complaints received in the same period last year (428 complaints). Of the total complaints, 94% were submitted through the smart channels of Dubai Economy, with 64% via the ‘Dubai Consumer’ ...

Bloomberg A giant Glencore Plc coal project in Australia has been fast-tracked as the nation turns to its vast natural resources to lift the economy out of its first recession in almost three decades. The A$1.5 billion ($1 billion) Valeria mine in Queensland has been designated a “coordinated project”, which the state said would help to get new jobs happening ...

Bloomberg President Donald Trump addressed graduates of the US Military Academy at West Point on Saturday, even as the backlash to his threat to use active-duty service members to quell domestic political protests continues to roil the Pentagon. Trump’s appearance at the nation’s oldest service academy was meant to signal a return to normalcy after the coronavirus pandemic. Instead, it ...