DUBAI / WAM Dubai Municipality’s Geographic Information Systems, GIS, Centre has launched “Dubai Here”, an electronic system that provides access to geospatial data and maps of the emirate. The new system features 2D and 3D maps of Dubai’s land plots, assets, landmarks, structures and infrastructure facilities, with details ranging from masterplans and interiors of buildings, including commercial and residential units, ...
Read More »And, the mother of all bailouts amid Covid-19
It can be said without fear of contradiction that the government’s strategy for dealing with the economy’s pandemic collapse is utterly simple: Throw money at the problem. Lots of money. That’s the chief legacy of the Coronavirus Aid, Relief and Economic Security Act, or CARES Act. Remember, it and other related measures will cost $2.4 trillion over a decade, with ...
Read More »Apple can’t ignore antitrust outcry
Cupertino, we have a problem. Apple Inc kicked off its Worldwide Developers Conference — a week-long annual event for the millions of programmers who create the apps that are enjoyed by roughly a billion iPhone users. It’s meant to be a platform for celebrating the tech giant’s developer community, but this year the backdrop is different — and not just ...
Read More »The French in no hurry to return to workplace
After bringing everything to a screeching halt in an all-out war against the coronavirus, French President Emmanuel Macron wants to get the economy going again. The dark draconian days of the Covid-19 lockdown are over, confirmed cases have continued to fall, and June 22 marks a new roll-back of stay-at-home curbs as cinemas, museums and more schools reopen. To do ...
Read More »Donald Trump should not meet with Maduro
The best thing you can say about President Donald Trump’s changing his mind about meeting with Nicolas Maduro, Venezuela’s strongman, is that it’s not surprising. In an interview with Axios, Trump said he had turned down Maduro’s envoys before. But now, he said, “Maduro would like to meet. And I’m never opposed to meetings — you know, rarely opposed to ...
Read More »British mall owner Intu warns of administration
Bloomberg Intu Properties Plc warned that some of the UK’s biggest shopping centers may have to close if its survival talks with creditors collapse, putting thousands of jobs at risk just as retailers emerge from the coronavirus lockdown. The landlord has asked banks to waive terms on 600 million pounds ($750 million) of loans until the end of next year. ...
Read More »US restricts charter flights from India
Bloomberg The US government restricted charter flights from India, accusing that nation of “unfair and discriminatory practices†by violating a treaty governing aviation between the two countries. Air India Ltd has been making flights to repatriate its citizens during the travel disruptions caused by the Covid-19 outbreak, but also has been selling tickets to the public, the Transportation Department alleged. ...
Read More »Lufthansa’s fate to affect many German savers holding its debt
Bloomberg The outcome of a proposed bailout of flag carrier Deutsche Lufthansa AG that’s meeting resistance from its largest shareholder, will impact the savings of thousands of German investors who hold its debt. The troubled airline has more than 3.7 billion euros ($4.2 billion) in outstanding bonds, loans and Schuldschein debt mostly held by German savings banks, insurers, commercial lenders ...
Read More »Airbus targets voluntary job cuts before any wider layoffs
Bloomberg Airbus SE plans to pursue voluntary job cuts before seeking forced reductions, as it aims to bring down costs without inciting a political uproar in France and Germany, according to people familiar with the matter. The European planemaker will mandate redundancies only as a last resort after looking at voluntary layoffs and early retirement across its manufacturing operations, said ...
Read More »London City Airport reopens as UK eases
Bloomberg London City Airport reopened for passenger flights after a three-month shutdown due to Covid-19, according to a statement by the airport. New safety features include temperature checks, signs and floor markings to help with social distancing and crowd-tracking technology so staff can monitor and direct passengers in large crowds to quieter areas. Passengers are also being asked to wear ...
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