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Bloomberg Two of Argentina’s largest creditor groups excoriated the government for mismanaging the economy, saying the country was headed for disaster just seven weeks after restructuring $65 billion in debt. The investors urged policy makers and International Monetary Fund (IMF) to do their part to set the stage for an economic recovery. They said in a joint statement that the ...

Bloomberg Californians are facing the largest mass blackout so far this year as the state’s biggest utility, PG&E Corp., prepares power shutoffs to prevent live wires from falling into dry brush and igniting wildfires with ferocious winds expected to sweep across the region. PG&E is planning to cut power to 386,000 homes and businesses — an estimated 1.2 million people ...

ABU DHABI / WAM Ookla, the global leader in fixed broadband and mobile network testing applications, data and analysis, on Saturday recognised Etisalat for being the fastest mobile network operator worldwide in 2020 providing its subscribers the most superior experience with the fastest mobile speeds from anywhere in the world. This major achievement is a testimony of UAE’s leadership’s vision ...

Abu Dhabi / WAM The largest commercial bank in Russia, Central and Eastern Europe is on course to opening an office in Abu Dhabi by the end of this year, according to a top executive. Sberbank is looking to promote investment activity in both conventional and Islamic finance through cooperation with funds, financial institutions and other bodies in the Middle ...

Dubai / WAM Thirty-one Italian companies will take part in the virtual edition of Water, Energy, Technology, and Environment Exhibition (Wetex 2020) on October 26 – 28. This participation is almost 50 percent more than in the 2019 edition, according to the Italian Trade Agency (ITA). The Italian companies will be showcasing the latest advancements of Italy in sustainable and ...

Bloomberg One of France’s biggest energy companies has delayed a decision on a $7 billion deal to import liquefied natural gas (LNG) from the US after pressure from the government in Paris to seek cleaner supplies of the fuel. Engie SA said it has postponed work on a contract to take LNG from NextDecade Corp’s operation, which is fed by ...

Bloomberg Thailand is set for a fresh wave of street protests by pro-democracy activists with PM Prayuth Chan-Ocha ignoring their deadline to quit by Saturday. Free Youth and the United Front of Thammasat and Demonstration, two of the main protest groups, have vowed to stage mass gatherings until all of their demands, which include a rewriting of the constitution and ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated the Al Subaihiya Suburb Council in Khorfakkan on Wednesday morning. After unveiling the official plaque to announce the inauguration of the council, the Ruler of Sharjah toured the building’s majlises, offices and halls. His Highness was also briefed on the ...

Brasilia / WAM The Governor of Brasilia Province, Ibaneis Rocha, has praised the humanitarian and medical aid provided by the UAE to Brazil, which contributed to strengthening the efforts of medical professionals as they work to combat the spread of Covid-19. This came during his meeting with the UAE Ambassador to Brazil, Saleh Ahmad Salem Al Suwaidi, wherein they discussed ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Wednesday announced that its employee-led continuous improvement programmemes have delivered almost AED60 million in cost savings since the start of the year. Since January, EGA employees also submitted 18,400 ideas through the company’s suggestion scheme to solve operational, safety and environmental challenges, with cost savings of over AED28 million. EGA’s ‘Tamayaz’ ...