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Bloomberg China took the unprecedented step of expelling more than a dozen US journalists from three American newspapers, escalating a wider battle with the Trump administration as the coronavirus pandemic threatens to drag the global economy into a recession. China’s foreign ministry said US reporters at the New York Times, Wall Street Journal and Washington Post must hand in their ...

Abu Dhabi / WAM ZonesCorp, the largest operator of purpose-built economic zones in the UAE, has successfully attracted over AED350 million in investments since the beginning of 2020. Spreading over an area of more than 260,000 square meters, these investments serve a variety of sectors including oilfield services, plastic and automotive. Mohamed Al Khadar Al Ahmed, Acting Director General of ...

Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), announced that it is extended its support of the nation’s distance learning initiative by doubling the internet speed at no additional cost for schools and universities across the country, to ensure seamless and uninterrupted connectivity during this time. Schools and universities will also benefit from double internet speed for fixed ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, announced its freighter schedule for the IATA summer season, boosting capacity to its top freighter gateways. The network will also be expanded to capacity-constrained markets that are wrestling with decreased passenger operations or temporary travel bans in light of the public health emergency caused ...

DUBAI / WAM Emirates Post has started implementing ‘contactless deliveries’ as part of stringent measures to protect the wellbeing of its customers and staff amid coronavirus, Covid-19, concerns. To limit contact, delivery drivers will now place all items outside the intended recipient’s door, the official postal operator said, adding that from a safe distance, couriers will ask recipients to confirm ...

Bloomberg India could become the next global hotspot for virus cases, with experts warning containment measures that proved successful elsewhere in Asia may not work in the world’s second-most populous country. The South Asian nation, which has so far reported 125 infections and three deaths, is trying to contain the virus by closing its borders, testing incoming travellers and contact ...

Bloomberg Malaysia’s lockdown is the latest threat to a Singapore economy already reeling from the coronavirus outbreak. The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move to ban all visitors and prevent residents from traveling overseas for about two weeks will choke off a key labour channel. Maybank Kim Eng Research Pte estimates that about ...

Bloomberg France will guarantee up to 300 billion euros ($335 billion) of bank loans to companies in an effort to bolster firms threatened by the impact of the coronavirus outbreak, President Emmanuel Macron said. The government will also allow companies to delay paying their taxes and social security contributions and provide support to help them delay loan payments, Macron said ...

Bloomberg Facebook Inc, Alphabet Inc.’s Google, Microsoft Corp., Twitter Inc. and Reddit said they are teaming up to provide accurate information about the coronavirus and the Covid-19 illness it causes. “We’re helping millions of people stay connected while also jointly combating fraud and misinformation about the virus, elevating authoritative content on our platforms, and sharing critical updates in coordination with ...

Bloomberg The euro area’s gigantic bailout fund is exploring how it can use its reserves to cushion the impact of a virus-induced recession, in a move that could help reassure markets after a spike in borrowing costs for the region’s most vulnerable economies. Klaus Regling, the head of the European Stability Mechanism, said Monday it has an unused lending capacity ...