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Bloomberg The Kremlin said there are “no concrete plans” for a summit between US President Joe Biden and Russian President Vladimir Putin, throwing into question the fate of a French proposal that seemed to offer fresh hope for averting an alleged Russian plan to attack Ukraine. US officials said the meeting, proposed by French President Emmanuel Macron, would occur only ...

Bloomberg Germany spent about 42 billion euros ($48 billion) on a program to secure jobs threatened by the coronavirus pandemic. A government program to pay most of an employee’s wages when they can’t work because of operational issues like lockdowns was worth the cost, Germany’s Labor Minister Hubertus Heil said in an interview with Tagespiegel. “The alternative — namely allowing ...

  Bloomberg US retail sales rebounded by more than forecast with the biggest gain since March, as Americans kept spending through a Covid-19 spike and hot inflation to help drive the economic recovery. The value of overall purchases rise 3.8% in January after a downwardly revised 2.5% drop in the prior month, Commerce Department figures showed. The median estimate in ...

  Bloomberg Prices charged for goods and services in the euro area jumped by a record amount in February as an easing of pandemic restrictions led to an unexpectedly strong rebound in economic activity. Both manufacturers and service providers saw output improve, according to purchasing managers indexes compiled by IHS Markit. Rising demand and a gradual easing of supply bottlenecks ...

  Abu Dhabi / WAM The Khalifa Empowerment Programme (Aqdar), a part of the UAE Ministry of Interior, has partnered with Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, and Blue Forest, a leading UAE-based reforestation service provider, on a major employee-based mangrove restoration initiative in the UAE. Entitled “Tree for 50,” ...

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of Abu Dhabi Judicial Department (ADJD), has issued decisions granting judicial officer capacity to 78 officers from three governmental departments of the emirate of Abu Dhabi, namely the Abu Dhabi Department of Economic Development (Added), the Department ...

  Abu Dhabi / WAM Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), received Malmierca Diaz, Minister of Trade, Foreign Investment and International Cooperation of Cuba, at the ADFD headquarters in Abu Dhabi. Present at the meeting were Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; Roberto Blanco, Ambassador of Cuba to the UAE; ...

Bloomberg Ethiopia began generating electricity from its giant hydropower dam on a Nile River tributary, a project it sees as key to its economic development but that has stirred tensions with downstream neighbours. The Grand Ethiopian Renaissance Dam (GERD) can now start the first phase of generation, authorities said at a ceremony attended by Prime Minister Abiy Ahmed in Guba, ...

  Bloomberg Russia and Belarus will extend their biggest joint military drills in years, the Belarusian Defense Ministry said, as frictions spike with the West over Russia’s military buildup near the Ukraine border. Russia had said it would return its troops to their bases afterward. While those drills are in Belarus, which is north of Ukraine, the defense ministry statement ...

  Abu Dhabi / WAM The 2022 Qudwa-PISA Global Competence Forum will take place on Saturday at Expo 2020 Dubai under the theme of “Preparing students to live in an interconnected world”. The event, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...