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Bloomberg UK Chancellor of the Exchequer Rishi Sunak kept the spending taps firmly on as he announced plans to taper his job support program, unveiling an incremental withdrawal in a bid to avert a mass wave of unemployment this summer. Self-employed workers will be offered a further grant of as much as 6,570 pounds ($8,082) in August to cover another ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) announced that it delivered the third shipment of classroom seating supplies to Sudan. Catering to the needs of 150,000 students across the country, the support aims to help Sudan advance its educational infrastructure. Taking the total value of assistance provided by ADFD to support the educational sector in Sudan to ...

DUBAI / WAM The Organisation for Economic Cooperation and Development (OECD) has recognised the determined efforts of the United Arab Emirates in fighting the coronavirus pandemic and the effective measures taken by the country’s government to limit the fallout of the crisis on different areas, including social and economic sectors. The commendation followed an ongoing analysis issued by the organisation ...

NEW YORK / WAM The UAE has renewed its commitment to bridging the gap between rhetoric and action to protect civilians and upholding international law during an open debate of the UN Security Council on the protection of civilians. In its written submission to the UN Security Council, the UAE stated, “These are difficult times for civilians in conflict-affected areas ...

DUBAI / WAM The Ministry of Climate Change and Environment (MOCCAE) recorded a notable drop in the concentration of major air pollutants due to the transportation restrictions that have been imposed to counter the spread of Covid-19. In this context, MOCCAE reported an average 30 percent decline in the levels of nitrogen dioxide (NO2) across UAE between February 1 and ...

ABU DHABI / WAM In line with the Ministry of Health and Prevention’s plans to increase Covid-19 testing throughout the country for the early detection of infections, particularly among those who had contact with already infected cases, the ministry has conducted 38,000 additional tests. Testing resulted in the detection of 563 new cases among various nationalities, bringing the total number ...

Bloomberg Chevron Corp is planning a 10% to 15% reduction in its global workforce this year, the biggest cut to headcount yet among global oil majors following the Covid-19 pandemic. The cuts equate to about 6,000 of its 45,000 non-gas station employees and may be a precursor to staffing reductions at Big Oil rivals such as BP Plc and Royal ...

Bloomberg Who needs a loss-making, inflexible oil refinery in a world where demand for petroleum has been obliterated? We’re about to find out. When consumption of transport fuels collapsed this year because of coronavirus, much of the industry moved into survival mode, cutting processing rates and even temporarily stopping refining in some cases. While that helped prop up the industry’s ...

Bloomberg Chinese lawmakers approved a proposal for sweeping new national security legislation in Hong Kong, defying a threat by US President Donald Trump to respond strongly to a measure that democracy advocates say will curb essential freedoms in the city. The National People’s Congress (NPC), China’s rubber-stamp legislature, approved the draft decision by a vote of 2,878-1 at its annual ...

SHARJAH / WAM Sharjah Investment and Development Authority (Shurooq) has announced the completion of a sterilisation drive across its properties, and opened its doors to their popular leisure and entertainment destinations, Al Qasba, Al Majaz Waterfront, Al Noor Island, the Flag Island, Heart of Sharjah, Mleiha Archaeological & Ecotourism Project, Khorfakkan Beach, Maraya Art Centre and 1971-Design Space. In addition, ...