Blog List Layout

Bloomberg A special court in Myanmar sentenced Aung San Suu Kyi to five years in prison in the first of several corruption charges leveled against the deposed civilian leader, according to a person familiar with the matter. The judge handed down the verdict immediately after convening the court, said the person who declined to be named as he is not ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at Al Marmoom in Dubai. During the meeting, Their Highnesses discussed Expo 2020 ...

  Sharjah / WAM Construction of the UAE’s first waste-to-energy plant has been completed, with the project now entering the testing and commissioning phase. The Sharjah Waste to Energy plant is the first project of Emirates Waste to Energy, a joint venture (JV) established by Beeah Energy, the renewable energy business of Beeah Group, and Masdar, one of the world’s ...

Dubai / WAM Expo 2020 Dubai awarded AED 6.8 billion of contracts to small and medium-sized enterprises (SMEs), providing a significant contribution to a vital sector of Dubai’s vibrant economy and exceeding a commitment made in 2016 to award at least 20% of all direct and indirect spend to SMEs. The figure represents more than a quarter of all Expo ...

  Sharjah / WAM Over three million passengers travelled in the first quarter (Q1) of 2022 through Sharjah Airport, witnessing an increase of 119.2 percent as compared to 1.3 million passengers in the same period last year. The aircraft movement for the same term also marked an increase in the number of flights by 89 percent with 21,336 flights, compared ...

  Bloomberg Commodities trading giant Cargill Inc expects some of its freight vessels to be powered by clean marine fuel before the end of this decade. In 2020, Cargill shipped almost 200 million tons of iron ore, grains and other goods around the world. It has as many as 700 vessels on the water at a time, and most of ...

Bloomberg Russian Foreign Minister Sergei Lavrov warned there’s a “serious” risk of nuclear war over Ukraine, even as he signaled the Kremlin is willing to talk to the US to try to resolve the confrontation. “The danger is serious, real. It can’t be underestimated,” Lavrov said in a state TV interview broadcast. Invoking the Cuban missile crisis of 1962, when ...

  Bloomberg UK Chancellor of the Exchequer Rishi Sunak pledged to bring borrowing under control to “avoid saddling future generations with debt” after official figures showed debt servicing costs rocketed. Government borrowing more than halved in the fiscal year through March as Covid-19 support programs were phased out and tax receipts recovered strongly, the Office for National Statistics (ONS) said ...

Bloomberg AP Moller-Maersk A/S said the booming container market will normalize later than the transport giant previously expected, leading to a 25% boost in full-year operating profit. Lower volumes are pushing up the price of shipping containers for longer than previously foreseen, Maersk said, forecasting a 2022 profit of about $30 billion, measured as underlying earnings before interest, tax, depreciation ...

Bloomberg About 40% of US small businesses intend to raise selling prices by 10% or more amid decades-high inflation, according to a survey from the National Federation of Independent Business (NFIB). Overall, more than two-thirds of the respondents plan to increase prices in the next three months, according to the survey, conducted between April 14 and April 17 among 540 ...