News

  Bloomberg Boris Johnson said the UK proposes to stop Russian firms from raising capital in London’s financial markets, part of measures targeting Vladimir Putin’s administration if it decides to invade Ukraine. The move is part of a “very tough package of sanctions” that’s “ready to go,” the British prime minister said in a pooled TV interview in London. Johnson ...

  Bloomberg Biden administration officials told lawmakers that they plan to seek $30 billion in new spending to combat the Covid-19 pandemic in conjunction with a $1.5 trillion government funding package lawmakers want to complete by March 11. Department of Health and Human Services officials made the informal pitch to lawmakers, with a formal White House request expected at a ...

  Bloomberg Italian Prime Minister Mario Draghi pushed through long-delayed changes on how Italy assigns licenses for public beaches, despite the opposition of one of the parties backing his government. The government approved a plan to set up competitive tenders for the lucrative licenses from 2024, which allow bathhouses and resorts to be built on public land in exchange for ...

  Bloomberg Canadian consumer price inflation accelerated to a new three-decade high in January, adding to pressure on the Bank of Canada to start raising interest rates as early as March 2. Annual inflation was 5.1% last month, up from 4.8% in December, Statistics Canada reported in Ottawa. Economists were anticipating inflation would be unchanged in January. The average of ...

  Bloomberg German national railway operator Deutsche Bahn AG has taken the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit, which could be around 20 billion euros ($23 billion). The government-owned company is working with a consultant and legal advisers to ready the business for a possible transaction later this year, ...

  DUBAI / WAM A new wave of business opportunities spanning the global food ecosystem will be unlocked at the ground-breaking Food For Future Summit and Global Agtech Expo later this month as the industry looks to address an impending agricultural shortfall that could fail to produce enough to feed the world’s anticipated 10 billion population by 2050. More than ...

DUBAI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation in a phone call with Annalena Baerbock, the German Minister for Foreign Affairs, discussed the strategic relations between the two countries and joint cooperation in all fields. The two sides also tackled a number of issues of common concern and the latest ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with its Cuban counterpart enhancing joint work to develop commercial activity and areas of economic cooperation between them. The two sides also explored available investment opportunities while highlighting the importance of strengthening communication mechanisms to organise mutual visits of business owners, missions and trade delegations. This ...

  Dubai / WAM G42 Cloud, a subsidiary of G42, the leading UAE-based AI and cloud computing company, and the Office for Information Technologies and eGovernment of the Government of the Republic of Serbia signed a memorandum of understanding (MoU) as part of Expo 2020 Dubai. The new agreement will see both parties progress the joint development of artificial intelligence ...

  DUBAI / WAM The UAE’s food and beverage imports from Latin America (LatAm) reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further detail at the 4th Global Business ...