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America’s closest allies are nervously watching US midterm elections for any signals that voters could return Donald Trump to the White House in two years, with foreign officials fanning out to battleground states for meetings to collect information that might help avoid a 2016-like shock. Officials from Europe and Asia are flying from their home countries to augment the traditional ...

The two Koreas fired warning shots at each near a nautical border after Seoul said a merchant vessel from its neighbor crossed the line, adding to a recent series of provocations along one of the world’s most militarized boundaries. South Korea’s military said it fired warning shots after the North Korean vessel violated the western sea border at 3:42 a.m. ...

South Korea is redoubling efforts to shore up the local credit market as yields surge to decade highs and default risks spread, extending efforts to support markets after the country already stepped in earlier this year to slow a tumbling won. Authorities will swiftly resume buying corporate debt via a 1.6 trillion won ($1.1 billion) bond stabilisation fund established at ...

India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd. in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with the matter. The government earlier this month invited bidders for a 60.72% stake in the Mumbai-listed lender. The valuation target ...

Deutsche Bank AG has given its clearest indication yet of how it plans to deliver on the commitment it made last year to reach net-zero financed emissions by 2050. Germany’s biggest bank said in a statement that it will “significantly” reduce its so-called Scope 3 emissions, which are also known as financed emissions, by 2030 and announced a set of ...

China’s lurch towards one-man rule has made it more important than ever for investors to align their portfolios with the priorities of President Xi Jinping. Some are deciding it’s not worth the trouble. Chinese stocks tumbled by the most since 2008 in Hong Kong and the yuan hit a 14-year-low after the confirmation that Xi’s policies of stronger state control ...

Abu Dhabi / WAM  The first day of Culture Summit Abu Dhabi kicked off in the UAE capital with an exciting programme of keynote speeches, discussions, sessions and cultural performances. In a session that discusses the impact of the pandemic on culture, Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, said, “If an issue happens in Brazil or ...

Saudi Arabia has earmarked 10 billion riyals ($2.7 billion) to provide incentives for global supply firms to invest in the kingdom, part of plans to develop its economy as a hub for industrial companies. Crown Prince Mohammed bin Salman bin Abdul Aziz announced the plans as part of Saudi Arabia’s Global Supply Chain Resilience Initiative on Sunday, that aims to ...

NOUAKCHOTT / WAM The Emirates Red Crescent (ERC) has launched several development projects in Aghlik bin Bayyah Village, as part of its continuous efforts to support vital services in Mauritania. The projects included the rehabilitation of a medical centre in the village and the Holy Quran Memorisation Institute. An artesian well was dug and provided with a solar-powered tank and ...

Abu Dhabi / WAM     Egypt’s Foreign Minister Sameh Shoukry has articulated the central importance of the ‘COP27’ his country will host next month in the winter resort of Sharm El Sheikh, calling for pulling the 27th Conference of the Parties of the UNFCCC out of the ongoing context of “strong political and economic polarisation and the dynamics of politicisation and ...