Day: March 26, 2020

Energy Law Firm offers support to businesses affected by the Covid-19 Pandemic and the oil industry crisis Our firm will offer assistance to local services companies in our countries of operation on contractual disputes, employment issues and compliance matters JOHANNESBURG, South Africa, March 24, 2020/ — Recognizing the toll that the Covid-19 Pandemic has taken on the oil and gas industry, Centurion law Group (https://CenturionLG.com/) will assist small and mid-sized African businesses that are currently dealing with the economic impact of the Coronavirus, which is hitting many African countries. With our…

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Karachi, 25th March-2020: Playing its role in facilitating the nation and its institutions to fight the Coronavirus pandemic, JS Bank, has introduced financing of up to Rs. 200 million to hospital and medical centers, for the purchase of equipment to detect, contain and treat patients infected by COVID-19. Under this State Bank designed scheme, all medical centers registered with federal or provincial health governing bodies, engaged in the control and eradication of COVID-19 will be eligible to avail the credit line at a minimal mark-up rate of only 3% per…

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GE Healthcare today provided two updates on its continued efforts to support clinicians, governments and the broader healthcare community in the fight against the coronavirus (COVID-19). GE Healthcare and Ford Motor Company will work together to scale the production of ventilators, arming clinicians with medical equipment important in the treatment of COVID-19 patients. Through this collaboration, Ford will provide its technical and production expertise with the goal of manufacturing a simplified design of GE Healthcare’s existing ventilator. This new system would be built specifically to address urgent needs during the…

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ISLAMABAD: Pakistan is facing growing calls to declare force majeure in its liquefied natural gas (LNG) deal with Qatar following a sharp dip in consumer demand in the wake of coronavirus-related lockdown. Officials told The Express Tribune that different quarters were discussing and suggesting that Pakistan should declare force majeure in its long-term deal with Doha in order to halt imports that were expensive amid lower demand. Officials pointed out that the power sector calculated only the energy cost while working out the economic merit order and ignored the capital cost…

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Governments and financial institutions are under growing pressure to make economic bailouts designed to counter the coronavirus pandemic dependent on climate action in the longer term.  Over the last week, hundreds of billions of dollars worth of stopgap measures have been announced to fight the coronavirus and limit economic shortfalls. In the US, industries are scrambling for a share of a $1 trillion-stabilisation package with the aviation industry expected to receive a large chunk. Last week, the European Central Bank (ECB) announced a €870 billion ($781bn) emergency bond-buying programme to stabilise the euro zone…

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