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  Bloomberg Starbucks Corp baristas at 50 locations throughout the US are starting a three-day strike, saying the company isn’t bargaining fairly with recently unionised stores. Organisers say the planned strike will involve more than 1,000 workers, making it the biggest multiday work stoppage ever by Starbucks Workers United, the labour group that’s prevailed in elections at about 270 of ...

Bloomberg North Korean leader Kim Jong-un oversaw the test of a new solid-fuel rocket engine that could enhance the state’s ability to fire off quick-strike, longer-range missiles for delivering nuclear warheads. State media said Kim “guided the important test” of a “high-thrust solid-fuel motor,” noting it was the first of its kind for the country. “This important test has provided ...

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a memorandum of understanding (MoU) with Ras Al Khaimah Economic Zone (Rakez) to support the emirate’s path towards economic diversification by stimulating its non-oil foreign trade. The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its ...

  Abu Dhabi / WAM The UAE participated in the first G20 Finance and Central Bank Deputies meeting. Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the G20 priorities set by the Indian presidency and the finance track agenda for 2023. Ebrahim Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability ...

  Sharjah / WAM The Sharjah Press Club (SPC) of the Sharjah Government Media Bureau (SGMB) has won the Kuwait Award for Creativity for its Ithmaar annual media training initiative, during the award’s 10th edition held in Kuwait. The Ithmaar initiative targets students aged between 10 and 17 to promote media awareness in the younger generation and introduce them to ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) launched the latest edition of the Sharjah Shopping Promotions campaign, which will run until January 29, 2023, with huge promotional campaigns. Over 46 days, the event will boast a wide range of promotions at the best shopping centres, tourist attractions and family entertainment destinations in the emirate of Sharjah. ...

Bloomberg China’s economic activity weakened in November before the government abruptly dropped its Covid Zero policy, with a surge in infections in coming months likely to cause more turmoil and push policymakers to increase stimulus. Key data showed business and consumer activity slumped to their weakest levels since the Shanghai lockdown in the spring. Retail sales and home sales declined, ...

  Bloomberg Sotheby’s will open a property that will house its auctions and exhibitions in Hong Kong and move its headquarters in the city to cater to growth in Greater China following record sales. Located at Landmark Chater in the Central district, the 24,000 square foot (2,230 square meter) space will open in 2024, Sotheby’s said. The two-storey house will ...

  Bloomberg Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal. The Southeast Asian nation will receive half of the allotted package of grants and loans from country donors, with the other 50% coming from a group of investors known as Glasgow Financial Alliance ...

  Bloomberg Real estate investment trusts (REITs) in Singapore will remain attractive to investors amid market volatility, according to DBS Group Holdings Ltd. REITs “offer resiliency given their attractive and growing distribution yields” as investors are turning defensive, Eng-Kwok Seat Moey, group head of capital markets at DBS, said. Interest rates have climbed globally, pressuring returns for some investments. While ...