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Bloomberg China’s President Xi Jinping urged Group of Twenty (G20) leaders to treat all Covid-19 vaccines equally as he pushed for greater mutual recognition of World Health Organization-approved shots. Addressing the summit via video link, Xi called on nations to back the World Trade Organisation making an early decision on whether to waive intellectual property rights for vaccines and encouraged ...

Bloomberg Joe Biden’s proposed incentives for US electric-car buyers could be challenged as unfair and a violation of the new North American trade pact, a Canadian auto-industry leader warned. The White House plan as part of the president’s latest budget package, would offer buyers of vehicles made by unionised US workers an additional $4,500 in credits above the $7,500 available ...

Bloomberg Brazil’s stocks, bonds and currency are posting some of the worst returns in the world this month amid deteriorating public finances, a worsening growth outlook and political turmoil. The Ibovespa stock benchmark posted its fourth straight month of losses, its worst run since 2014, and closed in a bear market, down 21% from its June peak. The real has ...

Bloomberg Argentina will allow foreign tourists to transfer dollars into a local account and exchange them to pesos at a more lucrative parallel exchange rate, bypassing capital controls in a bid to lure travelers. Tourists traveling from abroad can open a temporary bank account in Argentina before their trip and transfer up to $5,000 into the country, the central bank ...

Bloomberg US employment costs rise at the fastest pace on record in the third quarter as companies across a variety of sectors raised wages against a backdrop of labour shortages. The employment cost index, a broad gauge of wages and benefits, rise 1.3% from prior quarter, according to Labour Department data. The gauge increased 3.7% from a year earlier. Compensation ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec) announced on Wednesday the launch of its plan for expanding the facilities and infrastructure of the group’s centres in Abu Dhabi and London, in a step that will significantly contribute to reaffirming its leading global position in the business tourism sector. The expansion plans will boost Adnec’s competitiveness and ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has selected its new cohort of startups to join its community in the UAE capital. Hub71 is increasing market access for founders worldwide to join and partner with Abu Dhabi’s rapidly growing tech ecosystem, which is now ranked in the top 10 startup ecosystems worldwide, according to Startup Genome. The ...

Dubai / WAM The UAE has successfully become an established space player, an international space advocacy organisation said on Wednesday. Speaking with the Emirates News Agency (WAM), Pascale Ehrenfreund, President of the International Astronautical Federation (IAF), said the space sector has become extremely vibrant as more emerging countries and commercial players are entering it. “I think the UAE is not ...

ABU DHABI / WAM The UAE has adopted state-of-the-art technologies to ensure the sustainability of water resources that are mainly fed by precipitation, as part of the country’s leading role in tackling the most pressing global issues that demand urgent action including water security. Cloud seeding plays a crucial role in reengineering the planet earth through mitigating drought, enhancing water ...

Bloomberg China condemned the US’s latest overture towards Taiwan, warning that ties between the two countries faced “huge risks” just weeks after Presidents Joe Biden and Xi Jinping agreed to hold a video summit. US Secretary of State Antony Blinken’s call for greater participation by Taiwan in UN organisations violated the “one China” understanding between Beijing and Washington, Foreign Ministry ...