Mega COVID-19 lockdown puts India’s ‘animal spirits’ to sleep in April

Mumbai: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll. Although a cross-section of high-frequency indicators compiled by Bloomberg News signalled contraction in economic activity, the needle on a dial measuring so-called animal spirits was stuck at the same place […]

These days, UAE hotels will even allow rooms as ‘offices’ to pick up bookings

Dubai: More hotels in the UAE are now doubling up as offices, with operators quick to spot opportunities by leasing space short-term. This, hotels say, should help them stay afloat until guest-related bookings pick up again. These rooms double as private office spaces for professionals who want a break after working from home for weeks […]

New hiring is down 35% in US, LinkedIn data shows

New York: The global jobs slump caused by the coronavirus pandemic is bottoming out, if data from LinkedIn is a guide. The social networking platform says the percentage of its members who joined a new employer stabilized over the past six weeks, after plunging in March. France is showing the sharpest pickup, and Italy – […]

Al Tayer Motors announces special deals for UAE’s frontline heroes

Al Tayer Motors, the official dealer for Ford, Lincoln, Jaguar, Land Rover, Maserati and Ferrari vehicles in the UAE, and Premier Motors of Abu Dhabi, have announced special deals for the heroes at the forefront of the nation’s fight against the COVID-19 pandemic. The dealership has announced that all first responders, doctors, nurses, medical and […]