Grand Imam of Al Azhar urges nations to share responsibility to combat COVID-19

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(Cairo) - Dr. Ahmad Al Tayyeb, Grand Imam of Al Azhar Al Sharif, has expressed Al Azhar’s solidarity with the nations and people facing the coronavirus, COVID-19, urging countries to share the responsibility of combating the pandemic. In…

Mohamed bin Zayed, Grand Imam of Al Azhar review global fight against corona

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(Abu Dhabi) - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed with the Grand Imam of Al Azhar Dr Ahmed Al Tayeb the prospects of promoting the values…

Coronavirus: Millions will be left in poverty, World Bank warns

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The financial impact of coronavirus will stop almost 24 million people from escaping poverty in East Asia and the Pacific, according to the World Bank. It says “significant economic pain seems unavoidable in all countries”. The World…

Stock markets suffer worst quarter since 1987

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Stock markets around the world suffered historic losses in the first three months of the year amid a massive sell-off tied to the coronavirus. The Dow Jones Industrial Average and London's FTSE 100 saw their biggest quarterly drops since…

GMIS 2020 to go virtual

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(Hannover) - The Global Manufacturing and Industrialisation Summit, GMIS - a joint initiative by the UAE Ministry of Energy and Industry and the United Nations Industrial Development Organisation, UNIDO, today announced that the third edition…

Oil price collapses to lowest level for 18 years

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The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002. Meanwhile…

G20 leaders pledge $5 trillion to tackle coronavirus pandemic

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(Riyadh) - G20 nations pledged a "united front" in the battle against the coronavirus pandemic, pledging they were injecting $5 trillion into the global economy to tackle the pandemic amid forecasts of a deep recession. US President Donald…

PM Boris Johnson tests positive for coronavirus

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British Prime Minister Boris Johnson confirmed that he has tested positive for the coronavirus, adding in the same vein that he will continue to lead the government's response to the virus via video conference. In a video message, Johnson…

US Congress approves history's largest aid package

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(Washington) - The US House of Representatives passed a historic $2 trillion rescue package that injects cash into the pockets of struggling Americans and fortifies an economy so ravaged by coronavirus that it is sliding toward recession. After…

Russia sees no epidemic but starts shutdown

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Russia is beginning what Vladimir Putin called a "non-working week", to try to slow the spread of the coronavirus. The government is urging people to stay at home, though mixed messaging has left many Russians confused. Officials now hint…

UN launches virus aid plan

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Poorer countries need $2bn of international humanitarian aid to tackle the coronavirus pandemic, United Nations chief Antonio Guterres said in launching a major donation appeal on Wednesday. "COVID-19 is threatening the whole of humanity…

Canada backs $75bn coronavirus relief bill

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Canada has passed a multi-billion-dollar relief package to respond to the coronavirus slowdown. It allows the government to spend C$107bn ($75bn, £64bn) in emergency aid and economic stimulus to assist Canadians struggling financially. All…

Capital by capital, coronavirus shuts Europe down

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Across the Continent, Europeans are facing a barrage of restrictions on their freedoms as the authorities struggle to stop the new coronavirus spreading further. Fear and uncertainty have encouraged residents to largely comply with a national…

Car firms to convert factories to make ventilators

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Car firms are answering calls from governments to help make more ventilators and face masks to help out during the coronavirus pandemic. Fiat began converting one of its car plants in China to start making about one million masks a month. The…