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Louvre Abu Dhabi releases 20-minute cinematic podcast

Abu Dhabi / WAM Louvre Abu Dhabi added to its digital offering by releasing a 20-minute cinematic podcast entitled, ‘We Are Not Alone’. Composed and produced by Soundwalk Collective, an experimental group of artists and musicians, this podcast invites audiences to discover Louvre Abu Dhabi’s unique architecture through a science-fiction narrative, a statement by the museum said on Monday. The ...

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Tadweer steps up measures to control pests

ABU DHABI / WAM The Pest Control Projects Department at Abu Dhabi Waste Management Centre (Tadweer) has conducted an intensive pest control programme as part of its preventive measures to ensure the health and safety of residents in the emirate. As part of the drive, Tadweer launched an awareness campaign targeting real estate contractors, consultants, and developers in the emirate ...

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Al Hamra Mall, Manar Mall reopen in RAK

RAS AL KHAIMAH / WAM The Group CEO of Al Hamra Benoy Kurien announced on Monday that they will reopen two shopping malls – Al Hamra Mall and Manar Mall in Ras Al Khaimah, which will operate from 10 am until 10 pm, as per the directives of the Ras Al Khaimah Department of Economic Development. “Shoppers are mandated to ...

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ET’s Abu Dhabi taxi firm completes 5m trips in ’19

ABU DHABI / WAM Emirates Transport Taxis, a subsidiary of Emirates Transport, announced that it had completed 5,204,308 trips in 2019. The Abu Dhabi-based company was launched back in October 2017 with a fleet of just 200 cars, which has since increased to 800 vehicles of various sizes and 1,000 drivers. Ali Yousef, Manager of Emirates Transport Taxi, said that ...

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South Korea unveils $62b plan to reshape economy

Bloomberg The South Korean government unveiled a 76 trillion won ($62 billion) ‘New Deal’ spending plan to reshape the economy in the aftermath of the pandemic after slashing its growth forecast for the year. The plan, first outlined by President Moon Jae-in in April, aims to refocus the economy through 2025 by supporting job growth and new industries. It will ...

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China’s solar giants slash prices as coronavirus curbs demand

Bloomberg Chinese manufacturers that dominate nearly every step in the global solar power supply chain are being forced to slash prices as the coronavirus disrupts projects around the world. Costs for components like wafers and cells have fallen by as much as 20% since the start of the year. They likely haven’t bottomed out yet, either, as the outlook for ...

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China trolls US over protests after Trump criticised HK

Bloomberg Chinese officials and state media needled the Trump administration over race-related protests and looting that have engulfed US cities in recent days, after weathering criticism and threats from Washington over Beijing’s own moves to quell unrest in Hong Kong. Over the weekend, China’s foreign ministry and state media seized the opportunity to fire back at Trump. Chinese propaganda outlets ...

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Russia stimulus seen falling short despite $123bn plan

Bloomberg Facing the worst recession in more than a decade, Vladimir Putin plans to roll out a spending plan to rival stimulus packages in other major economies. The Russian president’s government says the plan envisions support equivalent to a 10th of annual economic output. But analysts from Bloomberg Economics and some of Wall Street’s biggest banks say the level is ...

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UK government prepares stimulus package for July

Bloomberg The UK government is preparing to unveil an economic stimulus package in July as it steps up attempts to lessen the depth of the recession caused by the coronavirus pandemic, the Financial Times reported, citing unidentified government officials. Chancellor of the Exchequer Rishi Sunak is working on proposals to invest in training programs, infrastructure and help for technology firms, ...

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Buyout funds to take Masmovil private for $3.3 billion

Bloomberg Three buyout funds offered to acquire Spanish phone company Masmovil Ibercom SA for 3 billion euros ($3.3 billion), in one of the largest private equity deals to emerge during the coronavirus. Its shares surged the most on record. KKR & Co., Cinven Ltd. and Providence Equity Partners LLC offered 22.5 euros a share for the company. The bid, which ...

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