Uncategorized

Bloomberg Countries across the Asia Pacific are demurring on AstraZeneca Plc’s Covid-19 vaccine, or restricting its use, in a move that may delay protection for the region amid concerns that the shot could trigger a rare and potentially deadly blood clotting condition. After guiding against the vaccine’s use in people under 50 and saying that it didn’t expect shipments from ...

Bloomberg Ukraine urged Russia to pull back troops from its border as Secretary of State Antony Blinken warned the US would impose “costs” on any Kremlin aggression. Tensions between the two neighbours are the highest since the end of large-scale fighting in the conflict that began after President Vladimir Putin annexed Crimea in 2014. The war over the status of ...

Bloomberg Italian Prime Minister Mario Draghi is bringing forward plans for as much as 40 billion euros ($48 billion) in new borrowing as the cost of keeping the economy afloat drains the state’s coffers and street protests heap pressure on the government, according to two people familiar with the matter. The government will need between 35 billion and 40 billion ...

Bloomberg Germany and France, the euro area’s two largest economies, both saw unexpected declines in industrial production in February, suggesting that coronavirus restrictions are increasingly harming parts of the economy that have proved resilient so far. German output dropped 1.6% from the previous month, surprising all but three economists in a Bloomberg survey. Production in France slumped 4.7% and stagnated ...

Bloomberg Federal Reserve Chair Jerome Powell said the US economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, but Covid-19 remains a threat. “We feel like we’re at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly,” ...

Dubai / WAM The value of exports and re-exports carried out by members of the Dubai Chamber of Commerce and Industry increased by nearly 24 percent to reach AED22.1 billion in March this year, compared to the same month last year, the organisation has revealed. During the first quarter of 2021, the value of members’ exports and re-exports grew by ...

MUKALLA / WAM The Emirates Red Crescent (ERC) is intensifying its response to the humanitarian conditions in Yemen for the Holy Month of Ramadan, by continuing to send relief shipments to Hadramaut Governorate. Two planes carrying 60 tonnes of basic food supplies arrived in Riyan Airport to provide for the needs of Hadramaut’s residents during Ramadan. The ERC is keen ...

Abu Dhabi / WAM Etihad Airways unveiled on Sunday a year-long programme in celebration of the 50 years since the nation was established. The programme will launch in three phases, focusing on the past, the present and looking forward to the future, said an Etihad statement. The airline has launched a dedicated platform at etihad.com/uae50, and aims to engage the ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) announced a new collaboration with IBM, an American multinational technology company, to fast track its transition into a modern, digitally-led Islamic bank, using IBM’s hybrid cloud solutions based on Red Hat OpenShift. This step will help enhance ADIB’s digital infrastructure, modernise operations and automate processes, enabling its employees to focus on ...

Bloomberg An ambitious pledge to cut greenhouse-gas emissions under consideration by the US gives President Joe Biden more leverage when he hosts leaders for a climate change summit later this month — presenting a particular challenge to China’s Xi Jinping. The White House may commit to emissions cuts of 50% or more from 2005 levels by 2030, Bloomberg reported this ...