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Abu Dhabi borrows $7bln as low oil price bite

The emirate of Abu Dhabi said Sunday it had sold $7 billion of bonds in the third major sale this month by Gulf sovereigns seeking to counter slumping oil prices. OPEC kingpin Saudi Arabia last week raised $7 billion in a bond sale, while gas-rich Qatar sold bonds worth $10 billion two...

G7 to coordinate economic reopening plans amid outbreak

G7 leaders on Thursday pledged to work together to "safely" put people back to work as the coronavirus crisis drags on in a bid to revive the slumping global economy, the White House said. The Group of Seven nations also called for "thorough review and reform" at the World Health...

Germany to begin easing virus curbs

German Chancellor Angela Merkel on Wednesday announced first steps in undoing coronavirus restrictions that have plunged the economy into a recession, with most shops allowed to open although schools must stay closed until May 4. Shops up to 800 square metres (8,600 feet) are allowed to...