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Bloomberg India’s government is considering resuming fresh bankruptcy filings after the current suspension expires on March 25, people with knowledge of the matter said. The lifting of the halt would come even as a resurgence in virus cases threatens the nascent economic recovery. It could spark a wave of new insolvencies, pent up from last year when businesses were hurt ...

Bloomberg Japan’s government and businesses are racing to bring a fire-damaged automotive chip plant back online, underscoring how important the component has become in a supply chain already under strain because of booming demand for semiconductors. The Ministry of Economy, Trade and Industry is mobilising to help Renesas Electronics Corp., one of the top providers of chips used in car ...

Bloomberg North Korea fired off a pair of cruise missiles on the heels of an Asian trip by top US officials, putting a fresh spotlight on Biden administration deliberations over how to resolve a key security dilemma. The two missiles were fired from South Pyongan province and flew over the sea between the peninsula and China, the South Korean Defense ...

Bloomberg The UK government has “significantly underestimated” how much it will cost to decarbonise heating in British homes, a touchstone of its net zero promise. The simple step of insulating Britain’s drafty homes is essential before gas boilers can be replaced with low carbon technology like heat pumps. The cost of improving energy efficiency could be as much as 18,000 ...

Bloomberg The European Union (EU) took advantage of high demand for its social bonds to accelerate funding for a regional jobs program. The bloc pulled in above 96.5 billion euros of orders for a 13-billion-euro offering of five-year and 25-year notes. This syndication is the second in March and will mean the EU is three-quarters of the way through funding ...

Bloomberg German Chancellor Angela Merkel’s cabinet approved the government’s budget plans for this year and next, including an extra 60 billion euros ($71 billion) in net debt for 2021 to help offset the impact of the coronavirus. The additional borrowing this year takes the total to more than 240 billion euros, as Germany spends freely to support businesses affected by ...

Dubai / WAM Dubai managed to place itself within the top 10 or 20 cities globally in more than 100 indicators related to safety and security in several internationally renowned competitiveness reports, according to a policy brief released by the Dubai Competitiveness Office in Dubai Economy. The policy brief, titled ‘Safety and Security Competitiveness in Dubai: Why Dubai is ranked ...

DUBAI / WAM EZDubai, a fully dedicated e-commerce free zone strategically located in the heart of Dubai South’s Logistics District, has welcomed UDA Express, one of the largest express companies in China, that will be expanding its operations in the region by benefitting from EZDubai’s e-commerce, logistics facilities, bespoke business solutions, and reach to the high-growth markets of the Middle ...

Abu Dhabi / WAM Mohammed Thani Al Rumaithi, Chairman of the Abu Dhabi Chamber of Commerce and Industry, discussed with Nguyen Manh Tuan, Ambassador of Vietnam to UAE, the means of strengthening trade and investment relations between Abu Dhabi and Vietnam. This came during a meeting both sides held at the chamber’s tower in Abu Dhabi, which was attended by ...

Abu Dhabi / WAM Miral, Abu Dhabi’s leading curator of magnetic experiences, announced on Tuesday that Yas Island is on track to become a fully contactless destination through the adoption of FacePass. This cutting-edge contactless technology is part of Miral’s digital transformation strategy for Yas Island. Rolled out in phases across the island, it will streamline guest experiences using facial ...