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Bloomberg Russia will start its first trial of a marketplace to trade carbon credits on the remote Far East region of Sakhalin starting next year, as the world’s largest energy exporter faces criticism for being slow to reduce greenhouse-gas emissions. The goal is to have the region become carbon neutral by 2025, Deputy Economy Minister Ilya Torosov said in an ...

Bloomberg Dozens of Myanmar protesters died in demonstrations on a holiday once known as Resistance Day, as both the junta and those against its February coup showed no signs of backing down from weeks of conflict. At least 77 people in 36 townships were killed on Saturday during crackdowns by the military, according to rights group Assistance Association for Political ...

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 ...

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 ...

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 ...

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 ...

Abu Dhabi / WAM The United Arab Emirates is mourning the death of HH Sheikh Hamdan bin Rashid Al Maktoum, who passed away on Wednesday aged 76. HH Sheikh Hamdan witnessed all stages of the UAE’s journey and tremendously contributed to the national development drive. He was one of the country’s leaders and participated in its renaissance and in designing ...

ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) recommended a cash dividend of AED 0.27 per share, translating to a pay-out of AED1.878 billion, or 49% of the net profit for 2020. This came as the ADCB held on Wednesday its 36th Annual General Assembly virtually, in its head office building in Abu Dhabi. The meeting was chaired by ...

Al AIN / WAM The College of Medicine and Health Sciences in United Arab Emirates University (UAEU), and Burjeel Hospital & VPS Healthcare, will cooperate to develop updated evidence-based medical education programmes, following the signing of a Memorandum of Understanding (MoU). Zaki Nusseibeh, Cultural Advisor to HH the President of UAE, Chancellor of the UAEU, witnessed the signing ceremony between ...

Bloomberg Southeast Asian countries lose out on as much as $6 billion a year as most of their single-use plastics are thrown out rather than recovered and recycled, the World Bank said in a new study. More than 75% of recyclable plastics in Malaysia, Thailand and the Philippines are left to waste, representing a “significant untapped business opportunity” in the ...