BLOOMBERG  Barclays Plc is seeking to sell about €5 billion ($5.3 billion) of Italian mortgage loans as part of plans to exit retail banking in the country. The UK bank has started the sales process for a portfolio of mostly performing loans to individuals, people with knowledge of the matter said. The package also includes non performing mortgages and high ...

BLOOMBERG  The Swedish population has become less hostile to the idea of adopting the euro as the krona is trading near its weakest levels ever. A poll published by Statistics Sweden showed 30.6% would vote in favour of adopting the euro. While 50.5% remains opposed to abandoning the krona, support for the common currency is now at its highest level ...

BLOOMBERG  Automakers moving into an electric future are locked in a battle with broadcasters concerned about the potential loss of an aged and fading technology: AM radio. Major carmakers, including Tesla Inc and BMW AG, are omitting AM tuners from electric vehicles, citing electromagnetic interference with the frequencies used by the century-old broadcasting service. AM radio is particularly susceptible to ...

BLOOMBERG  Apple Inc will charge an eye-popping $3,499 for its long-awaited mixed-reality headset, testing whether consumers are ready to spend big bucks on a technology that the company sees as the future of computing. The iPhonemaker unveiled the new Vision Pro headset at its annual Worldwide Developers Conference, the culmination of more than seven years of development. Introduced with Steve ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said enhancing strategic partnerships with the private sector represents a vital part of the emirate’s economic strategy. His Highness was speaking at his weekly Majlis at the Za’abeel Palace where he received a group of local dignitaries, ...

ABU DHABI / WAM The Environment Agency — Abu Dhabi (EAD) has announced that the implementation of the ban on single-use plastic bags since June 1, 2022, has successfully prevented over 172 million bags from entering the environment. In 2020, EAD introduced the comprehensive Single-Use Plastic Policy with the aim of reducing the reliance on single-use plastic items and promoting ...

RAS AL KHAIMAH / WAM Ras Al Khaimah has become the first city in the Middle East to implement “Parcel Fabric” technology for managing spatial land data, based on a certificate granted by the Environmental Systems Research Institute (ESRI), the leading American company in developing geographic information systems software. In partnership with the Geographic Information Systems (GIS) Centre, Ras Al ...

DUBAI / WAM Dr Anwar Gargash, Diplomatic Adviser to the UAE President, has met with Constantinos Kombos, Cypriot Minister of Foreign Affairs, and explored means of developing relations. During the meeting, they reviewed the ties between the two friendly countries across various domains and ways of enhancing them to achieve their common interests. The meeting also touched on several regional ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Carl XVI Gustaf of Sweden on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...

ABU DHABI / WAM A high-level UAE delegation, headed by Omran Sharaf, Assistant Minister of Foreign Affairs for Advanced Science and Technology, Chair of the UN Committee on the Peaceful Uses of Outer Space, participated in the 66th session of the United Nations Committee on the Peaceful Uses of Outer Space (COPUOS), one of the UN’s largest committees with 100 ...