In the wake of the rapid spread of the coronavirus sweeping China, Starbucks has closed it's outlets and suspended delivery services in Hubei province for the week-long Lunar New Year holiday.
The flu-like virus originated in the capital city of the province, Wuhan, and has caused 41 deaths in China to date.
Starbucks reportedly said that the move stems from "health concerns" for its customers and employees.
The central province of Hubei is home to nearly 60 million people.
UAE, Uzbekistan sign digital infrastructure deal
The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.
TECOM Group profit increases 15% on record high occupancy levels
Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
Sony Pictures Entertainment (SPE) and Apollo Global Management APO.N have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported.
UAE, Iran expand cooperation in additional sectors
The UAE and Iran have explored ways to expand economic cooperation in sectors such as tourism, transport, entrepreneurship and renewable energy.
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