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Bloomberg China said new US export restrictions targeting companies including Huawei Technologies Co. may threaten the global supply chain. Beijing opposes the new US rules and will take all necessary measures to defend rights and interests of Chinese companies, the Ministry of Commerce said. It urged the US to help create conditions for normal trade and cooperation between enterprises. The US ...

Bloomberg In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would run this deep — and happen so quickly. Drillers are laying down rigs and shutting in wells at a frantic pace in response to the plunge in oil ...

Bloomberg India will open up its space facilities, mineral blocks and power distribution to private companies, as it seeks new investments to help shore up an economy hit by the coronavirus pandemic. Prime Minister Narendra Modi’s administration will also allow foreign investment up to 74% in defense manufacturing to attract investments, Finance Minister Nirmala Sitharaman said in New Delhi. The ...

Bloomberg The Philippines’ fight against the coronavirus is likely to become more complicated with the onset of typhoon season, during which it typically has to evacuate tens of thousands of people from storm-hit areas. “As the rainy season approaches, the battle against the virus will become more challenging,” the finance department said in a May 15 bulletin. “The flu season ...

Bloomberg China and South Korea have asked Japan to join them in relaxing controls on business travel as virus cases tail off, the Yomiuri newspaper reported, without saying where it got the information. Japan remains reluctant to loosen what are currently some of the tightest border controls in the developed world, which were introduced over the past few weeks in ...

Bloomberg At the first meeting of the World Health Organization’s governing body since Covid-19 stormed the globe, China is set to be challenged on two of its most sensitive issues: The Communist Party’s initial handling of the virus and the status of Taiwan’s participation. While the US has launched a daily barrage of attacks on China, including suggesting the virus ...

ABU DHABI / WAM Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has directed major stores in Abu Dhabi to dedicate prominent spaces to display local agri-products, under the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of Adafsa. The move, taken in coordination with Adafsa’s strategic partners from ...

Dubai / WAM In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Saeed Mohammed Al Tayer, MD& CEO of Dubai Electricity and Water Authority (Dewa) chaired the first meeting, held remotely, with Dewa’s higher management team, to discuss the post-Covid-19 era. The meeting was attended ...

ABU DHABI / WAM Abu Dhabi Waste Management Centre (Tadweer) announced the 2019 results of a community awareness survey on proper waste handling and pest control practices. Conducted in partnership with Statistics Centre Abu Dhabi (SCAD) the survey used the stratified sample method and personal interviews with 2760 UAE citizens and residents from both genders and age groups across Abu ...

Bloomberg A fifth of global demand for oil will disappear this quarter. All three of the major forecasting agencies now agree that the world faces its biggest-ever slump in oil consumption, after governments imposed movement restrictions on billions of people to combat the coronavirus. The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will ...