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Adafsa conducts 149,401 inspection visits in Q3

  Abu Dhabi / WAM In accordance with its regulatory role and responsibility to achieve the highest levels of food safety in Abu Dhabi, The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) carried out 149,401 inspection visits to food, agricultural, animal and veterinary facilities during third quarter of 2021. Inspections were conducted in Abu Dhabi at 17,456 food, agricultural, ...

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Enoc wins 2 awards for its sustainable innovations

  DUBAI / WAM Enoc Group has been awarded the Corporate Social Responsibility Award for its innovatively designed Service Station of the Future, and the Customer Focus Award for its eLink Station at the 2021 Idea of the Year Awards. The Ideas UK Award is an international award recognising innovative ideas and rating innovative organisations based on global standards with ...

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Malaysia showcases healthcare excellence at Expo 2020

  DUBAI / Emirates Business Malaysia Healthcare will be showcasing its excellence in healthcare service delivery during Week 14 of Expo 2020 Dubai. From January 2-8, 2022, expo participants can visit the Malaysia pavilion to discover Malaysia’s strengths as the fertility and cardiology hubs of Asia, cancer care centre of excellence, and hepatitis C treatment hub of Asia, showcased by ...

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India’s renewables boom set to lift power exchange spot trading

  Bloomberg A surge in renewable energy in India is set to massively increase spot power trading, according to the country’s largest electricity bourse. Buyers will increasingly turn away from traditional long-term contracts in favour of cheaper renewable energy, said Rohit Bajaj, head of business development at Indian Energy Exchange Ltd. More than a quarter of the nation’s electricity could ...

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UK households facing $24b rise in energy bills

  Bloomberg UK households are set for an 18-billion-pound ($24 billion) increase in energy bills next year, potentially squeezing consumer spending and adding pressure on the Bank of England to increase interest rates, according to Investec Plc. A surge in gas prices has left the energy price cap — the ceiling for what firms can charge most customers — on ...

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European natural gas falls for a fourth day

Bloomberg European natural gas falls for a fourth day as US supplies are expected to bring relief to the tight market and traders weighed both milder weather and risks to demand from the Omicron virus variant. Gas has whipsawed in recent days, soaring to record levels above 180 euros ($203.59) a megawatt-hour last Tuesday following a sharp drop in Russian ...

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How 2021 could have been different for Biden

  With inflation running at more than six percent and President Joe Biden’s legislative agenda in peril, ’tis the season for second-guessing. So I’d like to focus on what may well have been the original sin of the Biden administration and the narrow Democratic majority in Congress: last February’s decision to reject Senate Republicans’ offer of a $600 billion Covid ...

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Chips, cybersecurity and Taiwan

A global shortage of semiconductors will ease a little in 2022 — likely driving stock prices down — leaving a lot of executives, bankers and shareholders left to question their ebullience in pouring record amounts of money into production facilities, and sending the market value of chipmakers ever higher. But it’ll take a while before the real pain from such ...

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Asset management gets even harder

  For asset managers, next year is shaping up to be challenging, to say the least. Faster inflation will prompt central banks to slow, stop and possibly reverse their monetary support of economies, making financial markets trickier to negotiate. The pandemic is far from over. The industry will face even more pressure to allocate assets in environmentally friendly ways without ...

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Old folks are too scared of inflation

  For Americans under 50, inflation is little more than a theoretical concept. But for those of us born in the late 1950s and 1960s, the inflation of the 1970s was a formative experience we’d rather not repeat. Inflation was as much a part of our childhood as Covid is for today’s kids. It was always there in the background. ...

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