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MoFAIC honours strategic partners, business leaders

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) honoured its strategic partners and various business leaders, on the sidelines of the 14th Ambassadors and Heads of Diplomatic Missions Forum, in the presence of Ahmed Ali Al Sayegh, Minister of State. At the start of the event, which aimed to appreciate the efforts of the honourees ...

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Senate set to acquit Trump as Dems vow to continue probes

Bloomberg A momentous, if anticlimactic, few days lie ahead in Washington as the Senate hears closing arguments in President Donald Trump’s impeachment trial, then holds two days of debate before voting for an all-but-guaranteed acquittal. In between, Democrats in Iowa’s caucuses took the first step on Monday towards choosing the candidate who’ll run against Trump in November. And on Tuesday ...

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Uganda, Rwanda leaders pledge prisoner release

Bloomberg Ugandan and Rwandan leaders pledged a mutual release of prisoners as a step in easing a diplomatic dispute that hit a low with the closing of their busiest border last year. President Yoweri Museveni and his Rwandan counterpart, Paul Kagame, committed to refrain from actions that could be perceived as “supporting, financing and infiltration of destabilising forces in their ...

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After Brexit, Trump sets himself up to be disruptor again

Bloomberg Donald Trump has spent the past four years lobbing unsolicited advice at British prime ministers on the best path forward for an exit from the European Union and holding out promises of a grand new trans-Atlantic trade alliance. Now that Brexit is official, though, Trump gets to really double down on a role he relishes: that of the geopolitical ...

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Macron seeks to reset ties on Poland visit

Bloomberg Emmanuel Macron will need all of his charm to rekindle France’s relationship with Poland. In the first visit to Warsaw by a French head of state in six years, he’s seeking to mend relations strained by his criticism of Poland’s controversial overhaul of the judiciary and its rejection of a deal with Airbus in 2016. Meeting his counterpart Andrzej ...

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‘Russia may deport foreigners with virus’

Bloomberg Russia may deport foreign citizens who are infected with the deadly new strain of coronavirus as part of a national plan against the outbreak signed PM  Mikhail Mishustin. The government will also postpone the flagship Sochi Economic Forum due to be held from February 12-14 as a precaution, Mishustin said at a televised meeting with his deputies on Monday. ...

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Modi opens bonds wider to foreigners to woo index funds

Bloomberg Indian PM Narendra Modi’s government plans to allow foreign investors greater access to short-term and long-term government securities in a bid to tap money being poured into passive funds operated by firms such as BlackRock Inc. Certain categories of sovereign bonds will be fully opened to non-resident investors, apart from being available to domestic investors, finance minister Nirmala Sitharaman ...

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China blasts US for spreading fear, ‘overreaction’ to virus

Bloomberg China said the US “inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance. “The US government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial ...

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Lexus surges globally despite US sales stall

Bloomberg Toyota Motor Corp’s luxury Lexus brand posted a double-digit sales gain last year, taking its 30th anniversary in stride as strength in China and Europe offset stalled demand in North America. The brand, which debuted in 1989, grew 10% to 765,330 vehicles worldwide, Toyota said in a statement on Monday, powered by strong sales of its UX subcompact crossover ...

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Multi-billion dollar IPOs popping up in India

Bloomberg India is gearing up for what could potentially be a slew of mega initial public offerings. PM Narendra Modi’s government surprised investors on February 1 by saying it will sell part of its stake in state-run behemoth Life Insurance Corp of India to meet its record asset-sale target. The jumbo sale could fetch the government between 850 billion rupees ...

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