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  ABU DHABI / WAM Tawazun Industrial Park (TIP), a subsidiary of Tawazun Economic Council (Tawazun), has announced the launch of a competition for unmanned systems, in collaboration with Khalifa University of Science and Technology. The announcement came on the sidelines of the UMEX Unmanned Systems Exhibition 2022 and the collaboration aims to attract young national talent and hobbyists to ...

  Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, the friendship relations and strategic partnership between the two countries. In a phone call, the two sides also reviewed a number of regional and international developments and issues ...

Bloomberg Wind power is making a comeback in Europe as three named stormed battered the region in recently, helping ease reliance on fossil fuels just as tensions over Ukraine are running high. Turbines in the European Union generated a record 14.9 terawatt-hours of electricity last week, with Germany producing the most wind power ever, according to data from research institute ...

Bloomberg US President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start of Vladimir Putin’s invasion of neighboring Ukraine. “He’s setting up a rationale to take more territory by force,” Biden said at the White House. “This is the beginning of a Russian invasion of Ukraine.” ...

Bloomberg With President Joe Biden’s signature environmental legislation indefinitely stalled, progressive Democrats and activists are lobbying the White House to declare a “climate emergency” to unlock executive powers. The tactic could allow Biden to shut down crude oil exports, suspend offshore drilling, and redirect funding for clean energy projects. Former President Donald Trump used a similar step to divert billions ...

  Bloomberg The US Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods as the US economy continues to be affected by congested supply chains, senior Biden administration officials say. “We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more ...

Bloomberg Germany’s economy minister said the country could do without Russian gas. But that won’t be easy. Europe’s industrial powerhouse currently relies on Russia’s Gazprom PJSC for more than half its gas. And if anything, demand will only grow as the country phases out nuclear and coal-fired electricity. No. 2 supplier Norway is already pumping at full tilt, and Germany ...

  Bloomberg Munich Re more than doubled profits last year as the German reinsurer bounced back from the Covid-19 crisis with the highest gross premiums in its history. Net income rose to 2.9 billion euros from 1.2 billion euros the previous year, according to a statement from the Munich based company on Wednesday. It had forecast profit of 2.8 billion ...

  Bloomberg The European Union unveiled new rules that will make it easier for users to transfer data generated from products like Amazon.com Inc.’s Alexa or a Tesla Inc. vehicle. The European Commission’s Data Act will set rules on how companies can access so-called non-personal data, or data that does not contain any information that identifies an individual. The proposal ...

  Dubai / WAM Dubai International (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year after clocking 29.1 million in annual traffic in 2021. DXB’s annual traffic exceeded forecasts for the year by more than half a million passengers, on the back of a strong last quarter. Paul Griffiths, CEO of Dubai ...