World lost equivalent of 255 million jobs in 2020: UN

Geneva: The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost. In a fresh study, the UN’s International Labour Organization (ILO) found that a full 8.8 percent of global working hours were lost in 2020, compared […]

Biden’s executive actions for economic relief at a glance

Washington: President Joe Biden signed a pair of executive orders Friday aimed at offering a quick dose of relief to an economy still being hammered by the coronavirus. Both measures were largely stopgaps as Congress considers a $1.9 trillion stimulus plan from Biden. The orders aim to increase food aid, make it easier to claim […]

Spain looks at UAE’s offshore expertise in green hydrogen production: Spanish Deputy PM

Abu Dhabi:  Spain is interested in exploring the UAE’s expertise in the production of offshore green hydrogen, which is dubbed as ‘the oil of the future’ that can heavily help reduce carbon emissions, according to a top Spanish official. In an exclusive interview with Emirates News Agency (WAM), Teresa Ribera, Deputy Prime Minister of Spain […]