UAE is bringing forward its digital economy transition

Dubai: The UAE’s upcoming recovery plans for the economy will include “revisiting existing strategies”, according to a senior official with UAE Ministry of Economy. “A new committee headed the UAE Minister of Economy is charting out short, mid and long-term recovery plans,” said Abdulla Al Saleh, Under Secretary of the Foreign Trade and Industry. “The […]

Fed chairman says US economy may need more government support

Washington: Federal Reserve Chairman Jerome H. Powell said an even stronger fiscal policy response might be needed to restore economic prosperity as a downturn “without modern precedent” strikes the United States – one that brings the threat of long-lasting damage. “The recovery may take some time to gather momentum, and the passage of time can […]

Police make a visit to Tesla’s US plant for compliance checks

California: Police visited Tesla Inc.’s sole US car plant Wednesday to assess whether the electric-car maker was adhering to safety protocols agreed to with the county that Elon Musk publicly said he would defy earlier in the week. The officials went to the factory late in the afternoon to view employee screening and physical distancing measures, […]