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Bloomberg Norway’s top court dismissed an attempt by climate activists to halt Arctic oil exploration by Western Europe’s biggest petroleum-producing nation. The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to companies including Equinor ASA, Aker BP ...

Bloomberg The European Union (EU) rebuffed Prime Minister Boris Johnson’s latest concessions on fishing rights, dealing a setback to efforts to secure a post-Brexit trade deal. Johnson spoke with Commission President Ursula von der Leyen twice by phone to try and break the deadlocked negotiations. The UK made an offer that would see value of the fish EU boats catch ...

Bloomberg UK government borrowing climbed to a record 240.9 billion pounds ($323 billion) in the first eight months of the fiscal year, reflecting the damage inflicted on an economy now at risk of falling back into the recession. In November alone, spending exceeded tax revenue by 31.6 billion pounds ($42.45 billion) amid the escalating cost of supporting firms and households ...

Bloomberg Toyota Motor Corp. will halt production in the UK and France due to transport delays caused by a mutant strain of coronavirus spreading in the UK and that’s led several countries to close their borders with the nation. The border closures have “disrupted the transportation of parts,” Toyota spokeswoman Shino Yamada said in an emailed statement. Countries globally have ...

Bloomberg Small advertisers that rely on Facebook to spread marketing messages are up in arms over the social network’s automated ad systems, complaining that inflexible account blocking tools and a lack of customer assistance are hurting business. One digital marketer, Chris Raines, was setting up an advertising campaign on Facebook when his account abruptly stopped working. Raines uses his account ...

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 ...