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Bloomberg French President Emmanuel Macron unveiled a 30-billion-euro ($35 billion) plan to create the high-tech champions of the future and reverse years of industrial decline in the euro area’s second-largest economy. The plan, dubbed “France 2030,” foresees investing the funds over five years in sectors including nuclear and renewable energy sources, electric cars, semiconductors and robotics. “I want us to ...

Bloomberg Computer sales grew at the slowest rate since the start of the pandemic due to component shortages and logistics snarls, according to the latest report by IDC. The key US market shrunk for the first time since sales cratered in the first quarter of 2020 with the coronavirus outbreak, the market researcher said. Shipments there fell 7.5% in the ...

Bloomberg UK government bond yields have climbed to levels last seen before the Brexit referendum in 2016 relative to German peers, as traders brace for inflation in Britain over the next decade to far outpace the rate in Europe’s largest economy. The extra yield investors demand to own 10-year gilts over equivalent bunds jumped to more than 125 basis points ...

Bloomberg It turns out that 2021 was a pretty good year to be an American farmer. After struggling through extreme weather, a trade war and tepid demand in recent years, things started to turn around this season as Chinese buying roared back. What’s more, crops proved resilient against bouts of dryness that hit some parts of the Midwest, and analysts ...

Abu Dhabi / WAM Miral in collaboration with Warner Bros. announced on Monday that The WB Abu Dhabi hotel on Yas Island, operated by Hilton under the Curio Collection brand, will open its doors to guests on November 11. Featuring one of the finest collections of Warner Bros. archives, guests at the world’s first Warner Bros. hotel will be treated ...

Dubai / WAM Expo 2020 Dubai has welcomed 411,768 ticketed visits in its first 10 days since the start of the first World Expo being held in the Middle East, Africa and South Asia (Measa) region. Visitors belonged to 175 nationalities, with one in three visitors came from abroad. A number of ticket options are open to visitors, with Multi-Day ...

Sharjah / WAM Another successful edition of the Watch & Jewellery Middle East Show (WJMES) was concluded after attracting over than 60,000 visitors. The event was organised by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI). More than 350 exhibitors from the most prestigious local and international houses and brands took part ...

Bloomberg UK power prices rose after a coal power plant switched on Monday to make up for a shortfall in wind generation and limited flows on two power cables to Ireland. Britain is set to end the use of coal within three years and to make power generation fossil fuel-free by 2035. For now the nation is still reliant on ...

Bloomberg The US called the Taliban “candid and professional” in their first official meeting since the chaotic American withdrawal from Afghanistan in August, with weekend talks focusing on wide-ranging issues including security, terrorism and human rights. The discussions in Doha, Qatar, covered the need for safe passage of US citizens, other foreign nationals and Afghan partners, State Department spokesman Ned ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced that Dewa has attracted investments of around AED 40 billion using the Independent Power and Water Producer (IPWP) model, which it uses in a number of its key power projects. Al Tayer made these remarks during his keynote speech at the Dubai ...