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Covid-19: Energy price surge in Europe is squeezing consumers

  Bloomberg Soaring energy prices are putting the squeeze on European consumers desperate for some relief after two years of coronavirus, lockdowns and job worries. The financial pain is taking a toll on households, who are more worried about prices than at any time this century, and feel less inclined to splurge, according to a European Commission survey. If demand ...

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Nato-Russian talks drift into overtime as Ukraine watches

  Bloomberg A meeting between senior Russian and Nato officials in Brussels is running longer than scheduled as the two sides continue their diplomatic push to ease tensions over Moscow’s troop build-up near Ukraine. The encounter comes after a US-Russian meeting in Geneva earlier this week, with Western diplomats still struggling to discern the real intentions of Russian President Vladimir ...

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UAE’s ‘Coders HQ’ to empower local, global coding communities

  Dubai / WAM Embodying the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE government launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with more than 40 companies in the UAE and worldwide. The project, established in ...

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UAE’s ‘Coders HQ’ to empower local, global coding communities

  DUBAI / WAM Embodying the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE government launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with more than 40 companies in the UAE and worldwide. The project, established in ...

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Tadweer to host EcoWASTE 2022 Exhibition and Forum

  ABU DHABI / WAM EcoWASTE 2022 Exhibition and Forum, organised by Abu Dhabi Waste Management Centre (Tadweer) will open under the slogan “Exploring Future Opportunities for Waste Management to Achieve a Circular Economy” on January 17. The exhibition was announced during a media event, organised by Tadweer. EcoWASTE 2022 will be held in Abu Dhabi from January 17-19 at ...

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Air Arabia named ‘most punctual airline in 2021’

  SHARJAH / WAM Air Arabia has been named the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of ‘Foreign Airlines with more than seven flights per week.’ Moscow Domodedovo Airport, the largest in Russia, announced the winners of the most punctual airline, with the goal of further enhancing the quality of passenger service. The airport ...

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China coal falls to lowest as Indonesia releases cargoes

  Bloomberg Chinese coal futures fall to the lowest level this year after Indonesia allowed some cargoes to leave ports as it considers lifting a temporary ban on exports of the fuel. Thermal coal on the Zhengzhou Commodity Exchange dropped by as much as 2.9% on Tuesday after Indonesia’s government said the previous day that it would immediately release 14 ...

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Putin’s troops prepare to exit as Kazakh leader blasts Oligarchs

  Bloomberg President Kassym-Jomart Tokayev said Russian-led troops that helped him crush an uprising would begin to leave in two days as he denounced “oligarchic groups” that dominate Kazakhstan’s economy. The country is now “stable” after last week’s violence, allowing for the phased withdrawal over 10 days of forces from Russia and other ex-Soviet states that he’d summoned to Kazakhstan, ...

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Canada caps record jobs year as monthly gain doubles estimates

  Bloomberg Canada’s labour market beat expectations in December, a strong end to a record year for employment gains. Employment rises 54,700 last month, Statistics Canada reported in Ottawa. That’s more than double the 25,000 gain economists were predicting in a Bloomberg survey. Full-time jobs actually surged by 123,000, as many part-time workers shifted to more permanent employment — another ...

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German floods cost a record $40 billion

  Bloomberg Germany suffered its costliest natural disaster on record last year, as flash floods led to damages that vastly exceeded the amount covered by insurers. Torrential rainfall that devastated parts of western Germany in July 2021 cost Europe’s biggest economy $40 billion, according to a Munich Re report. Roughly a quarter of that will be met by the insurance ...

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