India must act fast and talk less on coronavirus

If India — its people, its markets and the economy — was expecting a heightened government-led action in the last 48 hours, it didn’t happen. It was the same tempo as before — the rupee dropped further, the main stock indices inched up slightly after the rout of previous days, and more people decided to […]

Emirati businessman Abdul Rahim Al Zarooni donates Dh10 million to tackle coronavirus

Dubai: In a major philanthropic gesture, Emirati businessman Abdul Rahim Al Zarooni, Chairman of the Board of Al Zarooni Group, announced the donation of Dh10 million to ensure all healthcare centres and clinics have adequate medical supplies during the current sensitive period. Al Zarooni stressed the importance of UAE citizens contributing to the fight against […]

Coronavirus: Central banks go into overdrive as economic crisis deepens

Washington: Central banks stepped up their emergency efforts to calm financial markets and support their economies in a historic week of market losses as more of the world shuts down to contain the coronavirus outbreak. Meeting into their nights, policymakers at the Federal Reserve launched a programme to support money market mutual funds, hours after […]