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Bloomberg New Zealand Prime Minister Jacinda Ardern swept to a historic election victory and said she will use her mandate to rebuild an economy battered by the coronavirus pandemic and tackle social inequality. Ardern’s Labour Party secured the first outright majority in parliament since the introduction of proportional representation in 1996 and, if preliminary results stand, its biggest share of ...

Bloomberg The US budget deficit more than tripled to a record $3.1 trillion in the latest fiscal year on the government’s massive spending aimed at softening the blow from the coronavirus pandemic. The increase brought the deficit as a share of gross domestic product to 16% in the year ending in September, the largest since 1945, a Treasury Department report ...

Bloomberg The UK, beset by growing coronavirus concerns and struggling to bridge the gap with the European Union over a post-Brexit trade deal, has had its credit rating cut by Moody’s Investors Service. The credit assessor cited softer economic growth, an erosion of fiscal strength and a weakening in institutions and governance as it lowered the nation’s grade by one ...

Bloomberg Justin Trudeau’s government is set to launch a diversity challenge as part of an effort to increase the share of women and minority groups in corporate leadership positions. The goal of the program — called the 50/30 challenge — is to encourage companies to reach gender parity on their boards and in senior management positions, and 30% representation of ...

Bloomberg The UK should learn from other European nations where more people have returned to their offices during the pandemic, a senior figure in the City of London financial district said. Catherine McGuinness, policy chair for the City‘s Corporation, urged the government to scrutinise the evidence so more workers can get back. She pointed to Paris, where she said there ...

Abu Dhabi / WAM The UAE Space Agency (UAESA) was amongst the first signatories of Nasa’s Artemis Accords at the 71st International Astronautical Congress (IAC). In May 2020, Nasa, the American Space Agency, formally announced the Artemis Accords, based on a shared vision for principles, grounded in the United Nations’ Outer Space Treaty of 1967, to create a safe and ...

ABU DHABI / WAM The United Arab Emirates on Wednesday sent a second aid plane carrying 12 metric tonnes of medical supplies and testing kits to Costa Rica. This aid will assist approximately 12,000 medical professionals as they work to contain the Covid-19 virus. Commenting on the aid delivery, Juma Al Rumaithi, UAE Ambassador to Costa Rica, said, “The dispatch ...

SHARJAH / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier has announced the resumption of flights from Ras Al Khaimah International Airport to four destinations in Egypt and Pakistan in addition to new a new service between Rask Al Khaimah and the capital of Bangladesh, Dhaka. Air Arabia’s flights to Cairo and Lahore from ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 103,132 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,431 new coronavirus cases, bringing the total number of recorded cases in the UAE to 110,039. MoHAP also noted an additional 1,652 ...

Sharjah / WAM Al Zahia Sharjah’s premier lifestyle destination has moved one step closer to completion with the ground-breaking ceremony of its highly sustainable Al Yasmeen neighbourhood. Scheduled for completion in 2022, Al Yasmeen is designed for discerning families and young couples that demand luxury and tranquillity from the place they call home. The neighbourhood will comprise a mix of ...