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Bloomberg Total SA’s liquefied natural gas project in Mozambique raised $15 billion of debt — about the same size as the African country’s economy — exceeding a funding target even as the virus pandemic threatens the global financial system. Energy companies have struggled over the past few months as prices of everything from oil to natural gas slumped with the ...

Bloomberg German Chancellor Angela Merkel was caught off guard by US President Donald Trump’s decision to pull 9,500 US troops out of Germany by September. The government wasn’t officially notified by the US about Trump’s plan, and it has so far only found out about the matter from media reports, a German government official said on Saturday, declining to comment ...

Bloomberg German Finance Minister Olaf Scholz is planning to raise more debt this year and next to help pay for the government’s massive stimulus program. Scholz will propose to raise debt by at least 30 billion euros ($33.9 billion) in a supplement to this year’s budget that will require parliamentary approval, according to people familiar with the discussion. Further borrowing ...

Bloomberg Bank of Spain Governor Pablo Hernandez de Cos is keeping up pressure on the government and lawmakers to ensure emergency spending on the coronavirus crisis is accompanied with a long-term plan to address the debts it will incur. “The measures have to include prudent forecasts about what would be the results of proposed spending cuts or of a proposed ...

Bloomberg Surrounded by largely empty offices, builders last month returned to Dublin’s tech district, known as Silicon Docks. Dressed in green vests and with new safety rules to comply with, workers raced to complete developments earmarked for Alphabet Inc.’s Google, just days after a navy coronavirus testing ship nearby left. Construction resumed even as the virus throws up a new ...

Dubai / WAM The UAE’s federal export credit company, Etihad Credit Insurance (ECI) has reaffirmed its commitment to support companies operating in the country in order to help them recover from the implications of Covid-19. During these challenging times, ECI continues to fulfill its mandate to support UAE businesses as the pandemic has caused financial institutions and private insurers to ...

ABU DHABI / WAM The United Arab Emirates on Thursday sent an aid plane containing eight metric tons of medical supplies to Cuba to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 8,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Bader Abdulla Saeed Almatroshi, UAE Ambassador ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec), a subsidiary of ADQ, celebrated Global Exhibitions Day. This year, organisations are globally participating in the day in a series of interactive online campaigns, activities. The day highlights importance of business tourism as a pivotal driver of economic activity, increasing national income, and contributing to achieving sustainable economic development. Through ...

SHARJAH / WAM Sharjah Municipality has conducted some 17,000 inspections across various establishments in the emirate during the first quarter of this year. In a press statement on Thursday, the municipality noted that it had intensified inspection efforts throughout Sharjah to ensure establishments comply with health and safety standards and regulations. Inspections were carried out in restaurants, coffee shops, barber ...

DUBAI / WAM Emirates Post announced the resumption of all mail, packets and parcel services to Pakistan, one of its most key markets in South Asia, which accounted for nearly 80 tonnes of postal material in 2019. Effective immediately, all postal services – Economy Mail, Standard Mail, Registered Mail, Standard Packets, Standard Parcels and Express Parcels – will be available ...