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Bloomberg A tug-of-war is building for Thailand’s baht as concern about the nation’s virus outbreak counters the support from its current account surplus. Tailwinds for the baht are fading after it breached the key level of 30 per dollar as a jump in domestic infections weighs on economic growth. Traders are now trying to determine if the currency’s recent pullback ...

Bloomberg President Donald Trump’s continued effort to overturn the November 3 election results got a front-page rebuke from one his most loyal backers: the New York Post. “Mr President, it’s time to end this dark charade,” the New York City tabloid’s editorial board wrote in Monday’s edition. The paper, which endorsed Trump for president, tells Trump to “Give it up,” ...

Bloomberg UK Chancellor of the Exchequer Rishi Sunak said the trade deal reached with the European Union (EU) should reassure people worried about the economic damage of Brexit and can be an “enormously unifying moment for our country.” London will continue discussions with Brussels over access and equivalence for financial services, the chancellor said after Prime Minister Boris Johnson said ...

Bloomberg Facebook Inc. has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed, the Times of London reported, citing company documents. The Irish companies were used to hold its intellectual property for international sales, and Facebook companies around the world would pay ...

Bloomberg Promotions on foods high in fat, salt and sugar will be restricted in supermarkets and soft drink refills banned in England from April as part of a drive to cut obesity. Large and medium-sized retailers will no longer be allowed to offer “buy one get one free” or “three for the price of two” deals on unhealthy products, the ...

Bloomberg In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work. Overseas acquisitions by Chinese firms are heading for their fourth consecutive yearly decline, with a $31.1 billion tally that’s the lowest since 2007, according to data compiled by Bloomberg. Transactions targeting Latin America ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the award-winning international financial centre, marked a record year of growth in 2020, with significant achievements across core areas of fintech, regulation, sustainable finance and arbitration. Despite the impact of the Covid-19 pandemic, ADGM continued to post steady growth across its three authorities, the ADGM Financial Services Regulatory Authority (FSRA), the ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) runs its projects according to the highest international standards as it works to become a globally leading sustainable innovative corporation. It also considers achieving the environmental, social and economic aspects of sustainability. “Dewa is committed to providing safe, sustainable, and reliable electricity and water supplies. This is being done by increasing ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) hosted its first ever virtual roadshow in China, connecting more than 100 Chinese tour operators and travel agencies with 37 of its partners and stakeholders, including Destination Management Companies (DMCs) from across the emirate, representatives from Etihad Airways, Yas island, and emirate’s hotels and ...

AL AIN / WAM A research team from the United Arab Emirates University (UAEU) was able to accomplish a qualitative research project to extract the largest possible quantity of date seeds’ oils for the biofuel industry. The project was completed within two years at a cost of one million dirhams, and it is published in top ranked journals. Commenting on ...