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Bloomberg Malaysia’s economy could contract this year as the country struggles with a month-long coronavirus lockdown and a steep fall in commodity prices. Gross domestic product could shrink as much as 2% this year or grow as much as 0.5%, Malaysia’s central bank said in its annual Economic and Monetary Review. The global pandemic has hit the country’s tourism sector ...

Bloomberg Germany is mulling an additional aid program for small- and medium-sized companies worth 300 billion euros ($324 billion) as the government seeks to limit the economic fallout from the coronavirus pandemic. The new loan guarantees would come on top of a barrage of measures to counter what Chancellor Angela Merkel has called the biggest challenge to the country since ...

Bloomberg Tesla Inc. reported early-year deliveries fell less than expected from record levels reached late last year, sending shares climbing as much as 13%. Tesla handed over 88,400 vehicles worldwide in the first quarter, down 21% from the last three months of 2019. But the total beat analysts’ average estimate for about 78,100. “I’m shocked they did so well,” Gene ...

Bloomberg The European Union (EU) announced a plan to discourage businesses in the countries’ worst hit by the coronavirus from firing workers as they struggle to make ends meet. Amid criticism that the EU has done too little to mitigate the economic impact of the pandemic, the European Commission signaled that it will use central funds to pay companies to ...

Bloomberg President Donald Trump warned that deaths from the coronavirus in the US will escalate over the next one to two weeks, and could be on par with the number of fatalities seen in world wars. “There’s going to be a very, very deadly period, unfortunately,” Trump told reporters at the White House. The president said that as the number ...

ABU DHABI / WAM The UAE has played a key role in supporting global and regional demining efforts, as well as in reducing the social and economic effects of mines, especially in Yemen, Lebanon, Afghanistan, Kosovo and Kuwait. In observance of the International Mine Awareness Day, the Emirates News Agency (WAM) highlights the country’s tremendous efforts to remove mines in ...

ABU DHABI / WAM The Ministry of Health Prevention (MoHAP) and the Ministry of Interior (MoI) have announced the continuation of the ‘National Disinfection Programme’, as part of the preventive and precautionary measures taken by the UAE to contain Covid-19. The two ministries said new facilities and establishments would be added to the disinfection plan in all emirates of the ...

ABU DHABI / WAM The UAE government is providing, through its official website, digital government services around the clock, to enable customers to complete their transactions remotely, ensuring their safety and supporting the country’s efforts to reduce the spread of the novel coronavirus (Covid-19) and limit its impact on all sectors. The UAE government offers 3,730 vital services, which include ...

ABU DHABI / WAM The Department of Government Support, which is represented by the Abu Dhabi Digital Authority (ADDA) announced the full availability of Department of Economic Development “Commercial Licences” through Abu Dhabi Government Services ecosystem, “TAMM”, allowing business owners to easily access services and complete transactions digitally. The Department of Economic Development, ADDED, is the first government entity that ...

Bloomberg Thousands of health officials across India are racing to identify people connected to at least 10 virus hotspots, as the infection rate continues to climb in the world’s second most populous country. In the capital New Delhi, more than 8,500 Muslims attended a gathering in mid-March that is now the focus of an urgent contact tracing effort stretching though ...