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Dubai / WAM Dubai Future Accelerators (DFA), an initiative of the Dubai Future Foundation (DFF), has announced that the second phase of the eighth edition of its flagship programme is well underway to position Dubai as a leading city of the future. Being hosted at the DFF’s innovation ecosystem, AREA 2071, the Fall Cohort’s participating entities include Dubai Roads and ...

Bloomberg Royal Dutch Shell Plc launched arbitration proceedings against the Nigerian government over a long-running community dispute. The oil major’s Netherlands-registered holding company and a Nigerian unit filed a case at the World Bank’s International Centre for Settlement of Investment Disputes, according to the Washington-based organisation’s website. Shell brought its claim against Africa’s biggest crude producer under the bilateral investment ...

Bloomberg Former President Donald Trump was acquitted by the Senate on the charge of inciting the January 6 riot at the Capitol after an unprecedented second impeachment trial that exposed a Republican Party deeply divided over Trump’s conduct and uneasy with his continued role in public life. The vote was 57-43, falling short of the two-thirds majority required for a ...

Bloomberg The biggest US homebuilders group urged the Biden administration to help increase lumber supply, saying record-high costs threaten to price potential home buyers out of the market and curb construction. The administration needs to remove import tariffs on Canadian lumber and urge producers to boost output, the National Association of Home Builders (NAHB) said on its website. In November, the ...

Bloomberg Economists revised their growth estimates for Canada higher this year, though the recovery is expected to lag the US. Canada’s economy is expected to expand 4.7% in 2021, according to Bloomberg’s latest monthly survey of analysts. That’s up from a previous yearly estimate of 4.4%. Growth in 2022 is seen at 4.1%, little changed from the January survey. The ...

Bloomberg The UK economy grew at double the pace expected in the fourth quarter, showing signs of resilience to coronavirus restrictions at the end of a year that delivered the worst recession since 1709. Figures add some weight to the Bank of England’s view that while the economy will likely shrink in the first three months of the year, a ...

Bloomberg German companies from BASF SE to Volkswagen AG risk fines if their suppliers around the world breach human rights. Under new legislation agreed to by Chancellor Angela Merkel’s government, companies will have to ensure their partners don’t engage in harmful practices and exploitation. In addition to penalties, German firms can also be excluded from public contracts. The so-called Supply-Chain ...

Bloomberg Canadian Prime Minister Justin Trudeau’s government is examining the merits of carbon tariffs, a policy measure to tax goods from countries with weaker climate laws that’s won the support of Boris Johnson. The UK prime minister wants Group of Seven countries to discuss the idea of imposing levies on imported goods made in places that don’t have strong rules ...

Abu Dhabi / WAM The Hope Probe’s successful arrival to Mars’ orbit garnered international media coverage, with #ArabsToMars topping trends with 2.7 billion engagements around the world. The historic mission marked the Arab world’s entry to the global space race and placed the UAE as the first Arab nation, and the fifth in the world, to reach Mars. Major news ...

SHARJAH / WAM The Hamriyah Free Zone Authority (HFZA) has confirmed its participation in the 26th edition of the Gulfood 2021 Exhibition, which will be held at Dubai World Trade Centre from February 21-25. During Gulfood 2021, the free zone authority will highlight the numerous incentives and benefits provided to investors and companies, and its pivotal role in supporting the ...