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NEW YORK / WAM UAE emphasised the importance of implementing confidence-building measures and for Member States that have experience in implementing existing cyber norms to share their lessons learned best practices in a UN Security Council meeting on cyber stability, capacity building and conflict prevention. “Although the digital environment is increasingly being used for malicious activity, we should not lose ...

Bloomberg European Union (EU) governments are trying to forge a consensus over how to provide aid to the countries hardest hit by the coronavirus pandemic. With France and, crucially, Germany proposing a jointly-financed recovery fund to help the region cushion the blow from the steepest recession in living memory, the outcome of the talks could determine the bloc’s future direction ...

Bloomberg The economy of the world’s biggest energy exporter is heading for its deepest slump in more than 10 years due to the fallout from the coronavirus. A bigger crisis may be just around the corner. Analysts at the Kremlin-funded Skolkovo Energy Center warned this month that the nation faces years of economic stagnation as demand for its carbon-heavy exports ...

Bloomberg The US should give up its “wishful thinking” of changing China, foreign minister Wang Yi said, warning that some in America were pushing relations to a “new Cold War.” “China has no intention to change the US, nor to replace the US It is also wishful thinking for the US to change China,” Wang said during his annual news ...

Bloomberg Former German Finance Minister Wolfgang Schaeuble backed the European Union’s (EU) proposed 500 billion-euro ($545 billion) economic-recovery plan, adding a key voice to a standoff with EU countries focusing on fiscal austerity. The comments by Schaeuble, who remains influential within Chancellor Angela Merkel’s Christian Democratic Union (CDU) party, suggest he’s gearing up to play a role when the package ...

Bloomberg Hertz Global Holdings Inc., the car-rental company which filed for bankruptcy, said the collapse in air travel amid the coronavirus hit its biggest source of rental revenue. “The overall impact of the Covid-19 crisis devastated our revenue,” according to a court filing signed by Jamere Jackson, an executive vice president and chief financial officer of Hertz. The company, whose ...

Bloomberg German businesses are counting on an improvement in the economy in the second half after the coronavirus pandemic depressed private spending and investment and plunged the economy into a recession. Companies surveyed by Ifo showed cautious optimism in May, with a gauge of expectations rising after the previous month’s plunge. A full-fledged recovery though is still a long way ...

ABU DHABI / WAM In keeping with the spirit of giving, generosity and reflecting the true values of social cohesion and unity in the Abu Dhabi community, Ma’an’s ‘Together We Are Good’ programme has benefited more than 350,000 people in the Emirate of Abu Dhabi during the Holy Month of Ramadan. The Authority of Social Contribution, Ma’an, has received millions ...

DUBAI / WAM Dubai Customs has announced the official working hours at its customs centres during the Eid Al Fitr holiday, to help individuals and companies clear their goods without any delay. Air customs centres at Dubai Cargo Village, Dubai Airport Free Zone- gate number (5), Al Maktoum Airport Cargo Centre, and inspection section at Dubai Multi Commodities Centre will ...

SHARJAH / WAM The Sharjah Electricity and Water Authority (Sewa) revealed the increase in number of water samples examined in the laboratory of water desalination plants was 3,000 from the beginning of the current year until the end of April 2020. In the previous year, Sewa examined 8,420 water samples, intending to provide high-quality drinking water, in line with the ...