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Bloomberg Chinese officials continued to downplay the risks of Covid-19 as restrictions are eased, with a top medical adviser saying the fatality rate from the omicron variant of the virus is in line with influenza. The death rate from omicron is around 0.1%, similar to the common flu, and the infection rarely reaches the lungs, Zhong Nanshan was quoted in ...

  Bloomberg India’s retail inflation slowed below 6% for the first time in 2022 amid cooling global commodity prices and higher borrowing costs, providing reprieve for policymakers. The consumer price index rose 5.88% from a year earlier, according to data released by the Statistics Ministry on Monday. That’s slower than a median estimate for a 6.35% gain in a Bloomberg ...

Bloomberg The strains in South Korea’s credit market showed further signs of easing, with short-term borrowing costs falling for the first time in 20 months on Monday. Yields on three-month commercial paper — which companies use to raise funds for short-term payments like payroll — dropped a basis point in Seoul, which means conditions are improving. That would be the ...

Riyadh / WAM Saudi Arabia’s real gross domestic product (GDP) grew by 8.8 percent in the third quarter of 2022 compared to the same period last year driven by an increase in oil activities, according to a report released by the General Authority for Statistics (Gastat). Gastat noted that the real GDP growth in the third quarter was up 2.1 ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a congratulatory cable to Ibrahim Traoré, the President of the transitional period and President of Republic of Burkina Faso, on the occasion of his country’s Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler ...

  Geneva / WAM Some 20 million jobs could be created by investing in policies that support nature and address climate change, disaster risk, food insecurity, and other major challenges, according to a UN report Launched by the International Labour Organization (ILO), UN Environment Programme (UNEP) and International Union for Conservation of Nature at the UN’s Biodiversity Conference (COP15) in ...

  Bloomberg Tata group-owned Air India Ltd. is close to signing a deal with Boeing Co to buy up to 150 737 Max planes, marking the first major aircraft order after the carrier’s privatisation, the Economic Times reported, citing people it did not identify. Air India is likely to place a firm order for 50 737 Max jets with an ...

  Dubai / WAM The Museum of the Future received a global award recognising its commitment to diversity, accessibility, inclusion, and equity, reflecting its vision for a brighter future that is designed with everyone in mind. The museum won a Roy L Shafer Leading Edge Award, also known as an ‘Edgie’, which is presented by the Association of Science and ...

  Dubai / WAM The United Arab Emirates launched its latest space mission, Rashid Rover, as part of the Emirates Lunar Mission, representing a pioneering national endeavour in the space sector and a historic moment that, if successful, will be the first Emirati and Arab mission to land on the surface of the moon. His Highness Sheikh Mohammed bin Rashid ...

  Dubai / WAM Dr Mohammed Al Zarooni, Chairman of the World Free Zones Organisation (World FZO), headed a delegation from the World FZO on an official visit to the Dominican Republic and the Republic of Cuba to outline trends and factors to advance the future growth of free zones, in addition to identifying bilateral cooperation mechanisms to support the ...