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Spanish minister hails Sheikha Fatima’s efforts to empower women

Abu Dhabi / WAM Noura Khalifa Al Suwaidi, Secretary-General of the General Women’s Union (GWU), received Arancha Gonzalez Laya, Spanish Minister for Foreign Affairs, European Union and Cooperation, at the GWU’s headquarters. Also present were Antonio Álvarez Barthe, Ambassador of Spain to the UAE, along with a number of officials. The meeting touched upon means to further develop joint partnerships ...

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Seha joins hands with Saudi’s King Fahad Specialist Hospital

ABU DHABI / WAM Abu Dhabi Health Services Company, (Seha), the largest healthcare network in the UAE, has signed a Memorandum of Understanding (MoU) with King Fahad Specialist Hospital (KFSH-D), Dammam, Saudi Arabia. Under the patronage of Dr Abdulaziz Al Ghamdi, Chief Executive Officer of the First Health Cluster in Eastern Region, KSA; SEHA’s Group Chief Executive Officer, Dr Gareth ...

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UK companies facing $68 billion ‘bombshell’ unless aid extended

Bloomberg UK businesses face a 50 billion-pound ($68 billion) “bombshell” unless a series of government pandemic aid programs are extended, the Labour opposition warned. With many firms running out of cash, the party urged Chancellor Rishi Sunak not to wait until his budget on March 3 to prolong business rates relief, a sales tax reduction and his flagship furlough program. ...

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French economy stabilises at 5% below pre-pandemic levels

Bloomberg French economic activity is running at 5% below pre-crisis levels as the government holds off from imposing a full Covid-19 lockdown beyond the current curfew and closures in some sectors, the Bank of France said on Tuesday. After dipping to 7% below normal during November’s lockdown, the economy improved somewhat in December and is expected to remain steady through ...

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US small-business optimism drops to an eight-month low

Bloomberg Optimism among US small businesses falls in January to an eight-month low as the outlook for economic conditions deteriorated sharply. The National Federation of Independent Business index of sentiment falls by 0.5 points to 95, the third-straight decline, the group said. The figure was weaker than the median projection of 96.8 in a Bloomberg survey of economists. Weak consumer ...

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Facebook, Instagram to prohibit accounts spreading vaccine lies

Bloomberg Facebook Inc. said it will take stronger steps to eliminate false information about Covid-19 and vaccines on its social network, a move that could remove major groups, accounts and Instagram pages for repeatedly spreading misinformation. The company is acting on advice from the World Health Organisation (WHO) and other groups to expand its list of false claims that are ...

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German industrial production stagnates

Bloomberg German industrial production failed to grow for the first time in eight months in December, adding to signs that the economy is being weakened by the second wave of the pandemic. Output stagnated at the end of last year as gains in manufacturing were offset by weaker construction. Economists had expected a 0.3% gain. “The outlook for the industrial ...

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Draghi tells backers common euro budget is priority

Bloomberg Mario Draghi told lawmakers he’ll make a common euro-area budget a policy priority for Italy if he becomes prime minister this month, in a sign of his ambitions for the incoming administration. Carlo Calenda, head of the Azione party, and Manfred Schullian, head of the group of unaffiliated lawmakers in lower house, both told Bloomberg that Draghi had emphasised ...

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UAE, China to celebrate Mars missions together, says envoy

BEIJING / WAM Dr Ali Obaid Al Dhaheri, UAE Ambassador to China, has said that with entering into the Chinese New Year, there is optimism on the horizon, with both the UAE and China achieving respective arrivals to the orbit of Mars. Al Dhaheri stated, “Spring Festival upon us as we enter into the Chinese New Year, many of us ...

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DP World reports 7.6% gross volume growth in Q4 2020

DUBAI / WAM DP World Limited has announced that it handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in Q4 2020, with gross container volumes increasing by 7.6 percent year-on-year on a reported basis and up 6.5% on a like-for-like basis. On a Fiscal Year (FY) 2020 basis, DP World handled 71.2 million TEU, ...

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