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Bloomberg Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial crises, Sars, and military coups in his adopted home, Thailand. But the current pandemic tops all that, he says. Minor International Pcl, the hospitality group the tycoon founded in Bangkok, has furloughed thousands of workers and temporarily closed a majority of ...

Bloomberg For the first time in a decade, the world risks being cut off from Russian wheat at a time when some key buyers are rushing to import it. The top shipper last month limited sales through June to protect its own supply as the coronavirus crisis sparks food-security concerns around the world. Although the curbs were seen loose enough ...

Bloomberg Nearly one-third of US business economists expect operations at their companies will return to normal within five to eight weeks, though almost as many say it’s likely to be three to six months before coronavirus-mitigation efforts wind down in earnest. A survey by the National Association for Business Economics (NABE) showed respondents in the construction and manufacturing industries were ...

Bloomberg Germany’s spring showers haven’t materialised this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their destination. Typically one of the wettest months, Europe’s biggest economy has received just 5% of its normal April rainfall so far, according to Germany’s federal weather service. It’s on course ...

Bloomberg The Trump administration will square off against House Democrats on Tuesday over a crucial question: Is a congressional subpoena of White House officials a formidable weapon or an empty threat? The battle, which is likely to reach the Supreme Court, could shape legal fights ranging from the quest for President Donald Trump’s tax returns to a conflict over his ...

ABU DHABI / WAM Masdar and the Abdulla Al Ghurair Foundation for Education (AGFE) have signed a Memorandum of Understanding (MoU) to collaborate on using their respective youth platforms to advance the development of young people in the UAE. The objective of the MoU is to provide access to students engaged in Masdar’s Youth 4 Sustainability (Y4S) programmes to the ...

AJMAN / WAM Ajman Free Zone (AFZ) has recorded a surge in their e-commerce package where business owners can establish a digital platform to introduce their products online. The e-commerce package is suited to businesses in food and beverage, fashion and jewellery, automotive, media and entertainment, including events ticketing, industrial equipment and home, office and personal utilities trade, Ajman Free ...

DUBAI / WAM Dubai Investments said it will continue ongoing production of raw materials across its industrial manufacturing subsidiaries in steel, aluminium, glass and other building materials. The company said in a statement that it is committed to contributing to the UAE economy through this vital sector, which is “a crucial industry that is used as a means to achieve ...

SHARJAH / WAM Sharjah’s Environment and Protected Areas Authority (EPAA) is to collaborate with the Emirates Marine Environment Group (EMEG) to establish a large-scale coral nursery off the coast of the island of Sir Bu Nair. The project, part of EPAA’s annual programme of conservation initiatives for the island, is designed to mitigate the impact of coral bleaching events that ...

Bloomberg Indonesia opted for less punishing social-distancing measures than its neighbours to stem the spread of the coronavirus. Now analysts are warning its economy will take much longer to recover than others in Southeast Asia. With the pandemic’s peak expected in late May, President Joko Widodo is recalibrating his strategy of large-scale social distancing rules and calling for a ramp-up ...