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Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) part of ADQ, on Sunday announce the launch of its first Sustainability Report, the first across the region to be presented in such a comprehensive format and is expected to be updated annually. The report, ADX said, is aligned with its growth strategy, and aims to increase the adoption of sustainable ...

Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI) organised its first online B2B matchmaking event, which witnessed the participation of more than 100 Emirati and Korean businesses. This virtual online meeting is held instead of a physical one considering the current coronavirus pandemic and the applied precautionary measure including social distancing. At the beginning of ...

Dubai / WAM Dubai Customs’ offices resumed work at 100 percent capacity with intensified precautionary measures to ensure safety from Covid-19. This follows the government directives of gradual return to offices which Dubai Customs started from June 14. The last two weeks saw the Government Department’s staff return gradually to their offices following a shift routine where half of the ...

Bloomberg India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. “If you look at the trend of the past few weeks, I’m confident that by the end of second quarter, demand will be as usual,” India’s oil minister Dharmendra Pradhan said at the BloombergNEF Summit, referring to ...

Bloomberg The White House denied reports that President Donald Trump had been briefed by intelligence officials about, but had done nothing to respond to, an effort by Russian President Vladimir Putin to put bounties on US and allied troops in Afghanistan. The statement came shortly after Democratic presidential nominee Joe Biden slammed Trump for the alleged inaction, which was first ...

Bloomberg After two decades in power, Vladimir Putin’s approval ratings are at an all-time low as Russia’s economy reels under the impact of the coronavirus epidemic and the slump in oil prices. What better time for him to seek to extend his presidency for potentially 16 more years? It’s a measure of how tightly Putin has controlled the operation to ...

Bloomberg Prime Minister Boris Johnson vowed the UK will spend large sums on hospitals, schools and roads to jump-start the economy as it emerges from the coronavirus lockdown that has plunged the country into what may be the worst recession in three centuries. In an interview in the Daily Mail, Johnson rejected a return to the austerity policies that followed ...

Bloomberg Brazil, the nation with the second-highest number of coronavirus cases and deaths, reached a deal with the UK to produce the Covid-19 vaccine that’s been developed by Oxford University and AstraZeneca Plc. Brazil will spend $287 million to buy vaccine doses and ingredients for as many as 100 million shots that it will be able to produce locally with ...

Bloomberg Wirecard AG expects its provisional insolvency administrator to be appointed shortly as the scandal-hit payment company said its business activities will continue. Once lauded as one of Germany’s most successful up-and-coming businesses, Wirecard filed for insolvency after the company said that 1.9 billion euros ($2.1 billion) previously reported as cash on its balance sheet probably doesn’t exist. In a ...

Bloomberg Perhaps the most challenging riddle for investors in the pandemic is whether another centuries-old scourge is going to return. Inflation can wreck even the safest portfolio by eroding the value of investments for decades. But you would be hard pressed to find anyone among the younger generation of investors, within developed markets at least, who has faced it in ...