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Bloomberg In late March, Arnold Mergell delivered an urgent message to Germany’s political elite. Standing in front of a row of blue metal barrels, he complained that the funds needed by small and mid-sized companies like his to survive the coronavirus crisis weren’t getting through fast enough. “The bazooka’s been loaded, but the trigger is stuck,” said Mergell, who runs ...

Bloomberg American deaths from the coronavirus passed Italy’s, affirming the US’s spot as the epicenter of the global pandemic. Deaths from the virus reached more than 19,880 in the US, according to data compiled by Johns Hopkins University. Italy had almost 19,500 fatalities. The US figure will rise throughout the day as more states report data. The heavy toll in ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, reviewed the global fight against Covid-19 with Abiy Ahmed, Prime Minister of Ethiopia. This came over a phone call, during which they discussed advancing bilateral relations and joint efforts to contain the spread of ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa), announced that it is sponsoring the UAE Inventors Society, based on its social responsibility and strategy to support innovation and creativity, and encourage and recognise the creative UAE Nationals. “This makes it one of the biggest supporters of innovation in the UAE and Dubai,” Saeed Mohammed Al Tayer, MD & ...

ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR) following the UAE Federal Government guidelines in regards to Covid-19 current situation, has taken necessary measures to ensure business continuity and conducting its critical regulatory activities essential for the safety of the public, workers and environment. FANR has setup the Crisis Management Covid-19 Task Force to closely monitor the ...

ABU DHABI / WAM The UAE conducted over 49,000 additional Covid-19 tests among UAE citizens and residents, using state-of-the-art technology in line with the Ministry of Health and Prevention’s (MoHaP) plans to intensify virus screening in order to bring Covid-19 under control. The accelerated investigative measures resulted in the detection of 370 new coronavirus cases among various nationalities, all of ...

Bloomberg Hong Kong is catching up with global peers in its fiscal response to the coronavirus outbreak with the announcement of an “unprecedented” HK$137.5 billion ($17.7 billion) stimulus package focussed on avoiding mass job losses. The fresh stimulus raises inevitable comparisons with spending measures unveiled by its geographic neighbour and financial-hub rival Singapore, with the two governments among the first ...

Bloomberg In the villages of India’s most populous state of Uttar Pradesh, even some family members returning home from the cities aren’t allowed in. State officials have told village councils to keep returning labourers from entering the town or meeting people due to fears they may be infected with the coronavirus. Instead, they’re forced to stay in schools or farms ...

Bloomberg European Union (EU) finance ministers agreed on a 540 billion-euro ($590 billion) package of measures to combat the economic fallout of the global coronavirus pandemic. It’s now up to EU leaders to approve the accord, which will require overcoming profound political disagreements. In an emergency teleconference, finance chiefs approved a plan to stave off what’s expected to be a ...

Bloomberg Bulgaria is renewing efforts to join the euro area’s waiting room in the hope for easier access to financial aid in the coronavirus crisis. The European Union’s poorest country has been pushing to join the currency zone since 2016 to boost living standards and avoid being sidelined in the bloc’s decision-making. After numerous setbacks, the central bank has signaled ...