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Bloomberg Some of the world’s biggest money managers say the strong rally in China’s renewable energy stocks has more legs, citing the sector’s rosy earnings prospects and policy support. BlackRock Inc, Aberdeen Standard Investments Ltd and UBS Global Wealth Management are among those backing investments in Chinese electric vehicle-related companies and solar firms. Their endorsement comes as the world’s largest ...

Bloomberg Leading European diplomats in Beijing stressed their commitment to human rights and appealed to China for mutual respect and understanding following a defiant speech from Foreign Minister Wang Yi. References to human rights are “foundational matters” and not a geopolitical game, Caroline Wilson, the UK’s ambassador to China, said on a panel discussion on Sunday. China’s attitude is not ...

Bloomberg The pace of US hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening. Nonfarm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a Labor Department report showed. The unemployment rate edged up to ...

Bloomberg Deutsche Telekom AG has kicked off the sale of its T-Mobile Netherlands BV subsidiary, which could be valued at around 4.5 billion euros ($5.3 billion), according to people familiar with the matter. The telecommunications operator is working with Morgan Stanley and has sent out information on the business to potential bidders. It has asked for first-round offers to be ...

Bloomberg London moved back ahead of Amsterdam as Europe’s largest share trading center in June, reclaiming the top spot for the first time this year after Brexit pushed much of the city’s volumes to the continent. An average 8.92 billion euros ($10.6 billion) of shares a day were traded on various London venues in June, compared with 8.8 billion euros ...

Bloomberg UK Prime Minister Boris Johnson tried to calm concerns among vaccinated Britons that they won’t be able to travel to the European Union this summer because they received a version of AstraZeneca Plc’s Covid-19 shot that was made in India. The vaccine — known as Covishield — isn’t approved by the European Medicines Agency. That has led to some ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the inauguration of the “3rd of July Naval Base” located in Gargoub area in the country’s northwest coast, inaugurated by Egypt’s President Abdel-Fattah El-Sisi on Saturday. His Highness Sheikh Mohamed bin Zayed congratulated ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the graduation ceremony of the first batch of a group of entrepreneurs of the Higher Colleges of Technology Startup Development Programme. The programme is a response to an initiative to transform higher education institutions into business ...

Dubai / WAM The initiatives launched by the Ministry of State for Federal National Council Affairs (MFNCA) drew an impressive turnout of youth with more than 19,100 young Emiratis from around the country taking part. The MFNCA is working on several initiatives specifically directed at young people and designed to enhance their political awareness and create effective channels of communication ...

Abu Dhabi / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate of Abu Dhabi, signed a Memorandum of Understanding (MoU) on Saturday with Clalit Health Services, the largest health maintenance organisation in Israel and second largest globally. The MoU aims to pave the way for further cooperation between the two countries ...