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Bloomberg Argentina must reduce its bond yields before returning to international capital markets in a process that will likely take some time, Economy Minister Martin Guzman said on the day the country concludes a $65 billion debt swap. In the shorter term, it will continue to work with the 1% of bondholders who did not accept the government’s debt restructuring ...

Bloomberg UK car sales declined in August, denting hopes of a recovery in the industry from a coronavirus-driven sales slump. Vehicle registrations dropped 5.8% to 87,226 vehicles, according to the Society of Motor Manufacturers and Traders. July brought the UK’s first monthly gain in car sales of 2020, providing some relief as the industry cuts jobs and capacity to weather ...

Bloomberg California narrowly averted another round of rotating blackouts after officials made desperate pleas to conserve power as reserves falls below critical levels during a record breaking heat wave. The state’s grid operator gave the all-clear signal shortly before 9 pm local time as temperatures fall after sundown. Earlier in the evening, officials declared a stage-two grid emergency — one ...

Abu Dhabi / WAM A delegation from the Emirates Red Crescent (ERC) currently visiting the Comoros Islands, has inspected the work progress on several development projects, which are being implemented to support the health and education sectors. The visit is part of ERC’s ongoing initiatives in the development and reconstruction of Comoros, and to foster the UAE’s efforts to rehabilitate ...

DAMASCUS / WAM Damascus received the second batch of medical aid sent by the UAE to help reduce the spread of the Covid-19 pandemic and support the Syrian medical sector in coordination with the Syrian Arab Red Crescent. A medical aid aircraft dispatched by the Emirates Red Crescent (ERC) arrived in Damascus, carrying 25 tonnes of medications and medical supplies ...

Dubai / WAM Emirates has announced it will resume passenger services to Amman, Jordan from September 8. The resumption of flights to the Jordanian capital takes the number of destinations Emirates serves in the Gulf and Middle East to eight cities, as the airline gradually resumes operations with the safety of its customers, crew and communities as its top priority. ...

Bloomberg Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minister Alexander Novak. That would be an improvement from this year and enough to cover Russia’s budget, but still well below pre-pandemic levels and too low for many of Moscow’s OPEC+ allies. “Globally, big work ...

Bloomberg Peter Strzok, the former FBI agent who started the 2016 probe into Russian election interference, says President Donald Trump remains a “clear and present danger” to US national security after being compromised by personal and financial dealings with Russia. In a new book, “Compromised: Counterintelligence and the Threat of Donald J Trump,” Strzok says that senior FBI officials were ...

Dubai / WAM The Jebel Ali Free Zone (Jafza) agreed to extend its expertise in licensing, visas and other related activities to Gold & Diamond Park, a free zone developed by Emaar Malls Group, a shopping destination developer. The regulatory services will be provided as part of the agreement signed by Mohammed Al Muallem, CEO and Managing Director of DP ...

Abu Dhabi / WAM Emirates Digital Wallet LLC on Wednesday announced its first major step towards eliminating the use of physical cash, as klip, the UAE’s Digital Cash Platform, enters its final round of testing. The nationwide initiative — jointly set up by 15 of the UAE’s leading national banks — aims to drive digital transformation across the UAE economy ...