Washington: The brutal economic impact of the coronavirus deepened Wednesday with dire news from the United States and Germany, increasing pressure worldwide to ease lockdowns and reduce the cost of the pandemic. Countries around the globe are balancing fears of the worst global recession for a century against the risk that lifting restrictions too fast […]
The record number of Americans drawing unemployment benefits over the past six weeks is rapidly draining the cash set aside by the biggest U.S. states, leaving them poised to borrow billions from the federal government. The strain is likely to grow with more than 30 million workers, or nearly one fifth of the labor force, […]
… surrounding Zoom, and a number of companies banning its use in the , Google Meet will likely prove a more tempting offering.
… power to make or break a . Therefore, the demand for mobile phones is increasing each day too. Certain job types such as blogging, …
New York: Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country. Initial jobless claims totaled 3.84 million in the week ended April 25 following 4.44 million in the prior week, according to US Labor Department figures Thursday. […]
Authorities updated people on how the emirate has been fighting Covid-19.
New York: Twitter Inc. has more users than ever – but its advertising business was hit hard by the COVID-19 pandemic at the end of the first quarter. The social-media company reported revenue of $808 million, ahead of Wall Street estimates of $773 million. From March 11 to the end of the quarter, sales were down […]
Abu Dhabi: Shareholders of Abu Dhabi National Energy Company – Taqa – on Wednesday voted in favour of the company’s proposed merger with Abu Dhabi Power Corporation (ADPower), with the transaction set to create one of the largest utilities company in the GCC. Under the agreement, ADPower will transfer the majority of its water and […]
Tesla Inc. is considering cutting prices of some of its cars in China for a second time this year so they will continue to qualify for government rebates on electric vehicles that are being tightened, according to people familiar with the matter. The Model 3 made at China’s Shanghai factory starts at 323,800 yuan ($45,700) […]
A record 52,000 phone calls were received in a single day immediately after the launch of the movement permit system.