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  Bloomberg Malaysia, the world’s second-biggest palm oil producer, will consider halting exports to the European Union in retaliation for the bloc’s new deforestation regulation, according to the country’s deputy prime minister. The regulation is an act to block market access for palm oil and Malaysia will discuss with Indonesia — the top producer and exporter — about the option ...

Bloomberg The European Union and the UK are preparing to enter an intense phase of negotiations starting next week aimed at overcoming the dispute over the post-Brexit trading relationship well ahead of the anniversary of Northern Ireland’s peace agreement in April, according to people familiar with the matter. The aim is to move into a negotiating “tunnel” after UK foreign ...

  Bloomberg Russian Defense Minister Sergei Shoigu changed the military leadership in Ukraine, appointing Valery Gerasimov, the chief of the General Staff, as head of the nation’s combined forces. General Sergei Surovikin, who had held the post since October, will become one of Gerasimov’s deputies, the Defense Ministry said in a statement Wednesday. Oleg Salyukov, chief of the land forces, ...

ABU DHABI / WAM In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has bestowed the ceremonial Mohammed bin Rashid’s Scarf upon HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the ...

Dubai / WAM DP World’s container terminal at Southampton enjoyed its greenest-ever year in 2022 after delivering a 55% reduction in net carbon emissions from its fleet and installations. DP World, the leading provider of worldwide smart end-to-end supply chain logistics, runs the UK’s most advanced logistics hubs: two deep water ports at Southampton and London Gateway with access to ...

  Dubai / WAM The number of golden visas issued in all categories increased to 79,617 in 2022, up from 47,150 in 2021, the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA) said. The year ended on a high-note, completing millions of transactions and providing customers with high-quality smart services. The GDRFA also received a number of local ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for licensed financial institutions (LFIs) including banks, finance companies, exchange houses and insurance companies, agents and brokers. The guidance, which comes into effect immediately, will assist LFIs’ understanding of risks and effective implementation of ...

Abu Dhabi / WAM Borouge Plc announced on Wednesday that its block polypropylene (PP-B) materials have been selected by the consultant and contractor of the engineering, procurement and construction (EPC) works to manufacture drainage pipelines of the third line of the Greater Cairo Metro project in Egypt. Through the partnership, Borouge will provide its materials to Egyptian German Industrial Corporate ...

Bloomberg The UK health system faces a moment of peril Wednesday as ambulance workers hold a second strike and officials urge the public not to call emergency services unless it’s a matter of life-or-death. Members of two unions, Unison and the GMB, are walking out as part of an ongoing dispute over real-terms pay cuts suffered by staff in the ...

  Bloomberg The threat of recession, the cost-of-living crisis and mounting debt distress will dominate the global economy in the next two years as it struggles to move on from the pandemic and war in Ukraine, according to a survey by the World Economic Forum. Its Global Risks Report, an annual poll of 1,200 government, business and civil society professionals ...