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Irthi elevates Emirati heritage crafts on world stage

  Sharjah / WAM With 11 design-led cross-cultural and cross-disciplinary crafts collaborations, 14 new collection launches and 10 programmes initiated during 2021, UAE-based Irthi Contemporary Crafts Council, an affiliate of Nama Women Advancement, has made a powerful statement on national and international platforms with its exceptional creative work, and unearthed new opportunities for Emirati craftswomen to develop and preserve local ...

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Sleepy truckers get forgotten in supply crisis choking economy

  Bloomberg President Joe Biden’s sweeping infrastructure law was supposed to ease problems for the trucking industry and relieve supply chain woes, but the law overlooked a vital necessity for truckers: Parking. Overcrowded truck stops force drivers to often spend hours scavenging for parking wherever they can find it, even in illegal and unsafe spots. The problem has simmered for ...

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Vodafone in talks with Iliad to merge Italy units

  Bloomberg Vodafone Group Plc and Iliad SA are discussing a deal that would merge their businesses in Italy, Reuters reported, citing people familiar with the situation that it didn’t identify. The combination would create a business with revenue of almost six billion euros ($6.8 billion). Iliad, which is set to start fixed-line broadband operations in Italy next week, is ...

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UK jobs market improves with jump in employment

  Bloomberg Britain’s labour market grew strongly despite a surge in coronavirus infections late last year, with vacancies hitting a record 1.25 million in the fourth quarter and unemployment falling unexpectedly. The number of people on company payrolls rose 184,000 in December, stronger than the pace expected, the Office for National Statistics data. The jobless rate dropped to 4.1% in ...

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Germany needs immigration of 400,000 workers per year

  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 ...

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Argentina halves 2021 budget deficit

  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 ...

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Lotus explores electric-car battery tie-up with Britishvolt

  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 ...

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Abu Dhabi’s outstanding response to Covid-19 in focus at Arab Health

  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 ...

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Abu Dhabi chosen to host World Veterinary Association Congress

  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 ...

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Oil’s red-hot rally cools after surge to highest since 2014

  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 ...

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