News

Sharjah, Kosovo explore investment opportunities

Sharjah / WAM Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber, received Avni Arifi, ambassador of Kosovo to the UAE, to discuss means of strengthening the economic, commercial, and investment relations between the UAE and Kosovo. Held in the presence of Raghda Hamad Taryam, Board Member, Mohammed Ahmed Amin Al Awadi, Director-General of the SCCI, and a number of ...

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ION installs region’s first ultra-fast EV charging stations in Abu Dhabi

Abu Dhabi / WAM In response to growing demand for electric vehicle infrastructure (ION) the UAE-based sustainable transportation joint venture between Bee’ah and Crescent Enterprises, installed high-power, ultra-fast charging stations with a total capacity of up to 350KW, on Yas Island, Abu Dhabi. Capable of charging electric vehicles (EV) through a connection to a user interface unit, the stations can ...

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Adek launches #NeverStopLearning activities programme

Abu Dhabi / WAM While schools throughout Abu Dhabi will be on a two-week spring break from March 28, the Abu Dhabi Department of Education and Knowledge (ADEK) intends to keep students entertained and enrich their learning opportunities with the launch of 2021 #NeverStopLearning activities programme. Under the programme, students in Grade 10/Year 11 to Grade 12/Year 13 can join ...

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UK, EU reach first deal on financial rules post-Brexit

Bloomberg Britain and the European Union (EU) took their first step since Brexit to cooperate on financial services, agreeing on a new forum to discuss market regulation. The move could help finance firms in the City of London to eventually win back some access to the single market they lost when the UK left the EU. The two sides have ...

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US consumer sentiment climbs to one-year high

Bloomberg US consumer sentiment continued to improve in late March to a one-year high as more Americans got coronavirus vaccinations and business restrictions eased in many states. The University of Michigan’s final sentiment index increased to 84.9 from a preliminary March reading of 83, according to data. The median projection in a Bloomberg survey of economists called for 83.6. A ...

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Microsoft in talks to buy Discord for $10b

Bloomberg Microsoft Corp. is in talks to acquire Discord Inc., a video-game chat community, for more than $10 billion. Discord has been talking to potential buyers and software giant Microsoft is in the running, but no deal is imminent, said the people, who asked not to be identified because the discussions are private. Discord is more likely to go public ...

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Murdoch plans to shake up UK news with ‘aggressive’ TV service

Bloomberg Media mogul Rupert Murdoch has chosen a former Fox News executive to unleash his controversial brand of journalism on British screens. But David Rhodes insists he’s not bringing the US network’s brash playbook to London. “It wouldn’t work in this market,” the News UK TV president said in an interview with Bloomberg News. “If you look at News Corp.’s ...

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Italy’s population falls most in 100 years

Bloomberg Italy’s population shrank in 2020 by the most in over 100 years, as measured by the number of births minus deaths, with the coronavirus pandemic amplifying a trend that’s been underway since 2007, according to a report released by Istat. The number of deaths outnumbered births by 342 thousand, the most since 1918. The overall population fell by 384 ...

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German ministry backed strategy shielding Wirecard

Bloomberg Germany’s Finance Ministry gave explicit backing in 2019 to financial regulator BaFin’s controversial approach to fraud accusations at Wirecard AG, raising questions about its role in one of the biggest corporate scandals in recent history. In a March 2019 phone call, Deputy Finance Minister Joerg Kukies gave the head of BaFin, Felix Hufeld, broad support for his efforts to ...

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Taqa to invest AED40bn more in its UAE regulated asset base

ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa group), one of the largest listed integrated utility companies in the region, announced on Wednesday its 2030 vision for sustainable and profitable growth. The strategic plan places at its core the global acceleration of the energy transition, and Taqa’s ambition to become a champion for low carbon power and ...

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