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Bloomberg This week Joe Biden made good on his campaign promise to work more with allies to pressure China, coordinating with US partners to impose sanctions over alleged human-rights abuses in Xinjiang. Beijing’s response: Hit back at the allies as hard as possible. China wasted no time immediately retaliating with reciprocal sanctions against European Union officials while summoning the bloc’s ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy “Operation 300bn”. The 10-year comprehensive strategy aims to empower and expand the industrial sector to become the driving force of a sustainable national economy, increasing its contribution to the GDP from the current ...

Dubai / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the World Government Summit has launched an exceptional edition of the Best Minister Award in the world, to honour leading figures who have made distinguished achievements serving humanity in facing the difficult global ...

Dubai / WAM To boost the momentum of climate action in the Middle East and North Africa (Mena) region and support the shift towards a new model for sustainable growth, the UAE will host the Mena Climate Week 2022, the first event of its kind in the Mena region. Set to take place on March 2-3, 2022, on the sidelines ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 185,531 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Monday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Dubai / WAM Dubai International Financial Centre (DIFC) has announced that its membership of the World Alliance of International Financial Centres (WAIFC) has been unanimously approved by its Board. DIFC will use its membership to collaborate with members who represent other leading global financial centres including London, Frankfurt, Paris, Tokyo and Toronto. As the highest ranked global financial centre in ...

Bloomberg A surge in coronavirus cases in India could hurt the economy’s recovery from a rare recession, as curbs to avoid a new wave creates delays in putting millions who lost their jobs to the pandemic back to work. “There is a restless urgency in the air in India to resume high growth, and incoming data point to even contact-intensive ...

Bloomberg Ant Group Co. created an investment advisory platform on its Alipay app, allowing companies that offer robo adviser services to reach its 1 billion users. Five Chinese asset management companies debuted on the platform known as Tougu Guanjia, which means investment advisory manager. Users will be able to choose robo advisory services from the platform that functions like a ...

Bloomberg South Korea’s exports are set for another monthly gain in March, adding to signs the global economic recovery is taking hold as vaccinations pick up. Exports rise 12.5% in the first 20 days of the month from a year earlier, the customs office reported on Monday, with chips and cars leading the gains. Average daily shipments increased 16.1% during ...

Bloomberg Gold price’s slump to near a nine-month low is drawing jewelry shoppers in Asia to hunt for bargains. After a year of demand being in the doldrums, retailers are buying more of the precious metal to cater to people like Seema B, a 35-year-old housewife who ventured to Mumbai’s Zaveri Bazaar to get new bangles after months of putting ...