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Bloomberg The UK economy will contract at least 10% in the first half of the year as the fallout from the coronavirus hammers output, according to Bloomberg Economics’ estimates. In a report released on Monday, senior UK economist Dan Hanson said support provided by the Bank of England and the Treasury should prompt a turnaround in the second half of ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to President Arif Alvi of Pakistan on the occasion of his country’s National Day, which is known as ‘Pakistan Day’. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and ...

ABU DHABI / Emirates Business Etihad Airways (Etihad) will temporarily suspend all flights to, from, and via Abu Dhabi following a decision by the National Emergency Crisis and Disaster Management Authority, and the General Civil Aviation Authority (GCAA), to suspend all inbound, outbound, and transit passenger flights in the UAE. This decision has been made to limit the spread of ...

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, on Monday directed the Abu Dhabi Judicial Department to halt all rental property eviction cases currently underway, along with executive procedures like imprisonment, blocking of bank accounts, seizure of vehicles, stocks and assets for ...

DUBAI / WAM The Federal Youth Authority (FYA) has launched nine national initiatives that seek to prepare Emirati youth and enhance their role in dealing with pandemics and minimising their impact on the community and all aspects of life in the UAE. The nine initiatives come in light of the major transformations taking place across the world, which have underlined ...

ABU DHABI / WAM The National Centre of Meteorology (NCM) is commemorating World Meteorological Day, which is observed on March 23 every year. This year, the day is being celebrated under the slogan, ‘Let us count every drop, because every drop counts’. Dr. Abdulla Al Mandous, Director of NCM and President of the Regional Association II (Asia) of World Meteorological ...

Abu Dhabi / Emirates Business The Japan International Cooperation Center (JICE) Abu Dhabi Office this month successfully concluded a twelve-month series of joint collaborations, projects, activities and studies with various UAE governmental bodies and institutions for the educational and human resource development of young Emirati talent. The collaborations were focused on a number of educational, societal and even sporting areas ...

Bloomberg Coal, the dirtiest and usually the cheapest option for energy, is now the world’s most expensive fossil fuel. Oil’s epic collapse over the past month means the global crude benchmark is now priced below the most widely traded coal contract on an energy-equivalent basis, according to Bloomberg calculations. Australia’s Newcastle coal on ICE Futures Europe settled at $66.85 a ...

Bloomberg The Trump administration doesn’t plan to challenge a federal court ruling that dramatically curbs its ability to exempt oil refineries from biofuel-blending requirements, according to three people familiar with the matter. Under a decision reached late this week by top administration officials, the Environmental Protection Agency will now apply that 10th Circuit Court of Appeals ruling nationwide, so that ...

Bloomberg China’s wireless carriers are reporting drops in users as the coronavirus crisis cuts business activity, with China Mobile Ltd, the world’s largest carrier, reporting its first net decline since starting to report monthly data in 2000. China Mobile subscriptions fell by more than 8 million over January and February, data on the company’s website show. China Telecom Corp has ...