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  Bloomberg Germany needs to attract about 400,000 foreign workers per year to mitigate the economic impact of its aging society, according to the caucus leader of the country’s FDP party. “The shortage of skilled workers is now so serious that it is dramatically slowing down our economy,” Christian Duerr said in an interview with WirtschaftsWoche. “We can only get ...

  Bloomberg Argentina sharply reduced its budget deficit in 2021 as President Alberto Fernandez tries to cut down on spending amid talks with the International Monetary Fund (IMF). The so-called primary deficit, which excludes interest payments, fell to 3% of gross domestic product from 6.5% in 2020. The figure, boosted by proceeds from a wealth tax, was also below the ...

  Bloomberg Group Lotus Plc and Britishvolt Ltd signed a preliminary agreement to explore teaming up on battery manufacturing, research and development, according to people familiar with the matter. The companies plan to share details of their memorandum of understanding next week, said the people, who asked not to be identified ahead of the announcement. The deal is Britishvolt’s first ...

  ABU DHABI / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate of Abu Dhabi, is set to showcase its latest healthcare innovation projects and reveal new prestigious partnerships with global leading organisations from around the world at Arab Health 2022. DoH’s participation at the exhibition will bring together local and ...

  ABU DHABI / WAM Abu Dhabi has been selected by the World Veterinary Association as host for the 37th edition of its prestigious annual Congress taking place for the first time in the Middle East. Being held at the Abu Dhabi National Exhibition Centre from March 29-31, the event will be organised by the Emirates Veterinary Association, bringing together ...

  Bloomberg Oil dropped alongside other financial assets and commodities as crude’s sizzling rally ran out of steam after hitting a seven-year high. Futures in New York slumped more than 3%, before paring losses to trade near $84 a barrel, following a decline in stocks and raw materials including copper. Crude has posted a gain of more than 10% so ...

  Bloomberg India is inching towards a major milestone: opening its $1 trillion government bond market to more international investors, one of the most ambitious attempts to attract foreign inflows since the country liberalised its economy three decades ago. Policy makers have spent months preparing to join global indexes, key benchmarks that increasingly determine how large asset managers allocate their ...

  ABU DHABI / WAM The UAE and Turkey are expected to sign new agreements and “renew previous commitments” during the expected visit of the Turkish President, Recep Tayyip Erdogan, to the UAE in February, a senior Turkish official said. “Our president’s visit to the UAE is currently confirmed and the preparations are ongoing. This is going to be a ...

  Dubai / WAM The Emirates Nuclear Energy Corporation (Enec) and the French Nuclear Industry Group (Gifen) co-hosted the 4th edition of E-Fusion (Emirati-French Industrial Supply Chain Initiative for Nuclear), held as part of the French Nuclear Energy Day at the French pavilion at Expo 2020 Dubai. Representatives from local and international nuclear industry companies, government officials and energy experts ...

  Dubai / WAM Healthcare and trade professionals representing nearly 160 countries will participate in Arab Health and Medlab Middle East, as the largest healthcare and laboratory exhibitions in the Mena region return to Dubai next week. Taking place at the Dubai World Trade Centre, from January 24-27, under the show themes of ‘United by business, forging ahead’ and ‘Connect ...