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Bloomberg Media mogul Rupert Murdoch has chosen a former Fox News executive to unleash his controversial brand of journalism on British screens. But David Rhodes insists he’s not bringing the US network’s brash playbook to London. “It wouldn’t work in this market,” the News UK TV president said in an interview with Bloomberg News. “If you look at News Corp.’s ...

Bloomberg Germany’s Finance Ministry gave explicit backing in 2019 to financial regulator BaFin’s controversial approach to fraud accusations at Wirecard AG, raising questions about its role in one of the biggest corporate scandals in recent history. In a March 2019 phone call, Deputy Finance Minister Joerg Kukies gave the head of BaFin, Felix Hufeld, broad support for his efforts to ...

Abu Dhabi / WAM The United Arab Emirates is mourning the death of HH Sheikh Hamdan bin Rashid Al Maktoum, who passed away on Wednesday aged 76. HH Sheikh Hamdan witnessed all stages of the UAE’s journey and tremendously contributed to the national development drive. He was one of the country’s leaders and participated in its renaissance and in designing ...

ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) recommended a cash dividend of AED 0.27 per share, translating to a pay-out of AED1.878 billion, or 49% of the net profit for 2020. This came as the ADCB held on Wednesday its 36th Annual General Assembly virtually, in its head office building in Abu Dhabi. The meeting was chaired by ...

Al AIN / WAM The College of Medicine and Health Sciences in United Arab Emirates University (UAEU), and Burjeel Hospital & VPS Healthcare, will cooperate to develop updated evidence-based medical education programmes, following the signing of a Memorandum of Understanding (MoU). Zaki Nusseibeh, Cultural Advisor to HH the President of UAE, Chancellor of the UAEU, witnessed the signing ceremony between ...

Bloomberg Southeast Asian countries lose out on as much as $6 billion a year as most of their single-use plastics are thrown out rather than recovered and recycled, the World Bank said in a new study. More than 75% of recyclable plastics in Malaysia, Thailand and the Philippines are left to waste, representing a “significant untapped business opportunity” in the ...

Bloomberg India’s government is considering resuming fresh bankruptcy filings after the current suspension expires on March 25, people with knowledge of the matter said. The lifting of the halt would come even as a resurgence in virus cases threatens the nascent economic recovery. It could spark a wave of new insolvencies, pent up from last year when businesses were hurt ...

Bloomberg Japan’s government and businesses are racing to bring a fire-damaged automotive chip plant back online, underscoring how important the component has become in a supply chain already under strain because of booming demand for semiconductors. The Ministry of Economy, Trade and Industry is mobilising to help Renesas Electronics Corp., one of the top providers of chips used in car ...

Bloomberg North Korea fired off a pair of cruise missiles on the heels of an Asian trip by top US officials, putting a fresh spotlight on Biden administration deliberations over how to resolve a key security dilemma. The two missiles were fired from South Pyongan province and flew over the sea between the peninsula and China, the South Korean Defense ...

Bloomberg The UK government has “significantly underestimated” how much it will cost to decarbonise heating in British homes, a touchstone of its net zero promise. The simple step of insulating Britain’s drafty homes is essential before gas boilers can be replaced with low carbon technology like heat pumps. The cost of improving energy efficiency could be as much as 18,000 ...