Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, affirmed that November 30 is a day to remember the righteous martyrs of the homeland who defended the soil, pride and dignity of this country. In a speech addressed by “Nation Shield†magazine on the occasion of Commemoration Day, which ...
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Mubadala Health-ECA pilot program to support parents, children
Abu Dhabi / Gulf Time Mubadala Health has announced the launch of a pilot program that supports parents across the emirate of Abu Dhabi, in collaboration with Abu Dhabi Early Childhood Authority (ECA), furthering its commitment to safeguard and support the physical and mental well-being of parents and children. This pilot program focuses on Community Awareness and Child Development ...
Read More »Korea orders cement truckers to work, citing economy risk
Bloomberg South Korea ordered striking cement truck drivers back to work in a dramatic step it said was necessary because of the threat to the nation’s economy. The government issued the order during a cabinet meeting led by President Yoon Suk-yeol, and warned that violators will face legal action. This is the first time such a decree has been put ...
Read More »Toyota global output slows from record as challenges persist
Bloomberg Toyota Motor Corp produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages. Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement. The world’s biggest automaker is ...
Read More »Vitamins are resilient to Asia downturn: Blackmores CEO
Bloomberg Asian markets including China continue to show growing demand for high quality dietary supplements despite Covid-related disruptions and the general economic downturn, according to Australian vitamin manufacturer Blackmores Ltd. The company expects spending on vitamins and supplements to remain resilient to economic slowdowns, CEO Alastair Symington said in an interview with Bloomberg Television.
Read More »Fosun mulls sale of India’s $3.6 billion Gland Pharma
Bloomberg Billionaire Guo Guangchang’s Shanghai Fosun Pharmaceutical Group Co is considering a sale of Indian drugmaker Gland Pharma Ltd after receiving interest from potential buyers, people familiar with the matter said. Fosun Pharma, a listed arm of Chinese conglomerate Fosun International Ltd, has been working with an adviser as it informally gauges interest in its controlling stake in Gland, ...
Read More »Taiwan cuts its 2022 GDP forecast again
Bloomberg Taiwan cut its 2022 growth forecast for the third time this year as the global demand slowdown and rising geopolitical tensions with China prove tough to navigate. Gross domestic product is likely to grow 3.06% for the year, the cabinet’s statistics department said. That’s lower than the last formal estimate of 3.76% given in August. The official 2023 ...
Read More »China pushes elderly vaccination as reopening pressure grows
Bloomberg China said it would bolster vaccination among its senior citizens, a move regarded by health experts as crucial to reopening an economy stuck in an endless loop of harsh Covid Zero curbs. But it stopped short of announcing mandates that helped raise inoculation rates in other countries. Instead, officials vowed to push shots harder in places like nursing centres, ...
Read More »Oil drops to lowest since 2021 as China unrest rattles market
Bloomberg Oil tumbled to its lowest price in almost a year as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, compounding the stresses in an already volatile crude market. West Texas Intermediate sinks towards $74 a barrel following three weeks of losses, while Brent traded at around $81. Protests over harsh ...
Read More »Fanr OKs operational plan for Barakah nuclear plant
Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (Fanr) has approved Fanr’s Operational Plan for the period 2023 until 2026, where it covers its future blueprint in regulating the nuclear and radiological sectors in the UAE. Fanr plans to implement a number of strategic projects and initiatives that focus on carrying ...
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