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  PARIS / WAM A delegation representing the UAE embassy in Paris has visited Dassault Aviation to discuss opportunities for joint cooperation and means to further develop ties between the two sides. The delegation, headed by Hend Al Otaiba, UAE Ambassador to France, met with Eric Trappier, Chairman and CEO of Dassault Aviation, who praised the existing partnership with the ...

  Bloomberg Benchmark European natural gas prices declined for a seventh consecutive session, with Russian flows to the continent continuing while the war in Ukraine grinds on. Orders for Russian gas shipments via Ukraine edged higher, but remained below capacity, while the Yamal-Europe pipeline continued to flow eastward to Poland from Germany. Gas transiting Russia’s main pipeline link to Europe, ...

Bloomberg The European Union’s top diplomat is urging member states to quickly provide Kyiv with the weapons it has asked for, as Ukraine braces for Russia to step up its campaign in the country’s east, according to people familiar with weekend discussions. Josep Borrell told EU diplomats a decision is needed in days and not weeks, and the bloc must ...

  Bloomberg At the 600-year-old Guildhall in the City of London, key players in a two-decade-old industry looking to remake finance are gathering. Innovate Finance’s summit — part of UK Fintech Week — aims to showcase Britain’s financial technology sector and its global ambitions. Its profile has never been higher, with soaring demand from both customers and investors — even ...

  Bloomberg US consumer borrowing surged in February by the most on record, reflecting outsized increases in both credit-card balances and non-revolving loans. Total credit jumped $41.8 billion from the prior month after a revised $8.9 billion gain in January, Federal Reserve figures showed. The increase exceeded all estimates in a Bloomberg survey of economists. On an annualised basis, borrowing ...

  Bloomberg Some of the world’s biggest automakers are linked through their suppliers to labour programs in China’s Xinjiang region that experts have flagged as coercive, according to a new report by Horizon Advisory, a ..-based consultancy. The concerns center around the production of aluminum, raising questions for another key industry about alleged human rights abuses in its supply chain. ...

  Bloomberg The Panama Canal Authority proposed a comprehensive restructuring of its toll system, which would increase rates charged on cargo such as vehicles, oil and gas and soybeans that cross the waterway as ocean shippers rake in record profits. The changes would reduce the current structure to fewer than 60 tariffs from 430 now and focus on vessel capacity ...

  Dubai / WAM The Department of Economy and Tourism (DET) in Dubai has issued its first-quarter 2022 report on the business environment. The report developed by the DET’s Business Registration and Licensing (BRL) sector shows that 24,662 new business licenses were issued in Q1 2022, a growth of 58% from Q1 2021, when 15,580 licences were issued. The exceptional ...

  ABU DHABI / WAM The ‘Library on Wheels’ initiative, operated by the Abu Dhabi Department of Education and Knowledge (Adek), will continue its tour of the emirate on a year-long basis. This comes after a series of successful pop-ups at schools and key locations in Abu Dhabi city during March, as part of the ‘Abu Dhabi Reads’ programme. Part ...

  DUBAI / WAM Emirates Islamic bank has announced that it has contributed AED 5 million to the 1 Billion Meals initiative, the largest of its kind in the region to provide food to underprivileged and vulnerable groups suffering from food insecurity in 50 countries. The contribution of the Emirates Islamic bank helps provide basic foodstuffs to individuals and families ...