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Bloomberg The $900 billion stimulus package agreed to by US lawmakers over the weekend could keep the economy from contracting again, but pandemic-related risks remain if activity doesn’t start to bounce back next year. The fiscal relief package includes $600 one-time checks to individuals, more funding for the Paycheck Protection Program (PPP) and an extension of unemployment benefits through March, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Monday met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, as part of their ongoing consultations on national issues related to livelihoods of Emirati citizens ...

Dubai / WAM The UAE concluded 2020 by achieving global leadership in telecom sector quality and evolution, where the country maintained the first place in the Arab region and regionally, and came second globally for the second consecutive year in “Use of telecommunications/ICTs”, which measures the efficiency and evolution of the telecommunications sector in countries around the world as part ...

ABU DHABI / WAM Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the UAE has sent to Mauritania an aid plane containing more than 10 metric tonnes of medical supplies, testing equipment and ventilators, in addition to a specialised medical team, to ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced that Palms Sports PJSC has listed its shares on ADX’s Second Market under the trading symbol PALMS, and trading begins on the shares on Monday. The company’s nominal value of share capital is AED 150 million, with each share having a nominal value of AED 1. This is the fifth ...

Bloomberg Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market. The European Commission, which wants to steer investors to socially and environmentally sustainable assets, is proposing that only buildings certified as super-energy efficient by national authorities be included in its taxonomy. Being excluded would make financing more expensive. But national energy ...

Bloomberg Boris Johnson faces a choice that will define his premiership: accept a trade deal with the European Union (EU) or go it alone. It could scarcely have come at a more difficult time for him. As he faces a binary choice about the UK’s relationship with its nearest and biggest trading partner, his government is battling a new highly ...

Bloomberg Britain’s biggest port stopped all traffic heading to Europe, triggering delays to food supplies after the discovery of a new variant of the virus prompted a wave of countries to ban travel from the UK. The escalating crisis prompted Boris Johnson to convene a meeting of the government’s emergency committee in a bid to keep goods flowing. The concern ...

Bloomberg Hungarian Prime Minister Viktor Orban said German Chancellor Angela Merkel was “brilliant” for the way she resolved a dispute over the European Union’s $2.2 trillion budget and stimulus package, in an interview in Welt am Sonntag. Germany brokered the compromise that led Hungary and Poland to drop a threat to veto the plan, which would make payments to EU ...

Bloomberg Nokia Oyj said it expects margins for its networking business to be zero next year as it focuses on “regaining 5G leadership.” The company will develop its products for so-called Open RAN, a type of architecture that allows operators to use equipment from multiple vendors, and virtual RAN, which can be run as software on generic hardware, Nokia said ...