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Bloomberg Spain reported fewer coronavirus deaths and new cases on Thursday in Europe’s second-most deadly outbreak of the disease. There were 5,756 new infections in the 24 hours through Thursday, pushing the total above 150,000, according to Health Ministry data. The death toll rose by 683 to 15,238, a smaller gain than Wednesday’s 757. Prime Minister Pedro Sanchez is asking ...

Bloomberg Google was ordered by French antitrust regulators to pay publishers to display their articles, ending its long-standing practice of using excerpts on its news service for free. The French antitrust agency gave the Alphabet Inc unit three months to thrash out deals with press publishers and agencies demanding talks on how to remunerate them for displaying their content. The ...

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, and President of Uzbekistan Shavkat Mirziyoyev reviewed bilateral relations and ways to enhance them in various fields in the light of the existing strategic partnership between the two countries as well as a number ...

ABU DHABI / WAM A United Arab Emirates aid plane carrying approximately 13 tonnes of medical supplies was dispatched to Kazakhstan to assist the country in combating the Covid-19 pandemic, benefitting over 10,000 healthcare professionals. This initiative is part of the UAE’s commitment to cooperating with countries working to combat the Covid-19 outbreak in order to bolster global efforts to ...

ABU DHABI / WAM The Arab Youth Centre (AYC) and the United Nations Development Programme (UNDP) announced on Wednesday that 11 youth delegates from the Arab region have commenced their roles as Youth Development Delegates to support countries across the region to achieve Sustainable Development Goals (SDGs). The Youth Delegates are the first cohort in a new initiative between the ...

ABU DHABI / WAM A top US diplomat has expressed his admiration to the UAE leadership for its effective crisis management and upholding the values of religious freedom. John Rakolta, the US Ambassador to the UAE, said, “In recent weeks, we have witnessed a tremendous change in how we move, how we work, how we live. We have seen populations ...

Bloomberg Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen ($2 billion) for companies shifting production back to Japan and ...

Bloomberg Nissan Motor Co’s priority is to conserve cash while making better use of its assets instead of selling them, Chief Operating Officer Ashwani Gupta said, as the struggling carmaker confronts an existential challenge from the pandemic that’s upended the global economy. The shift in strategy offers an early indication of a recovery plan that will be unveiled next month, ...

Bloomberg The International Monetary Fund (IMF) may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy. IMF Managing Director Kristalina Georgieva is preparing to offer short-term dollar loans to countries that lack enough Treasuries to participate in a Fed program that ...

Bloomberg Germany’s economy will likely shrink this quarter at more than twice the pace recorded at the height of the financial crisis, according to the country’s leading research institutes. Output is predicted to slump 9.8% in April-June period, the most since records for quarterly data began in 1970. The economy is set to contract 4.2% over the course of this ...