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Bloomberg After two weeks of convulsions caused by US sanctions against United .Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica. Then, the US Treasury threw a potential lifeline by making clear it’s not pushing for the company’s ...

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, stressed the importance of keeping abreast of the latest transformations and adoption of creative solutions in the energy industry. Speaking with a delegation from the Department of Energy in Abu Dhabi (DoE), and its ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Chairman of the Education and Human Resources Council, presided over the first meeting of the Higher Education and Private Sector Council, an initiative formed under the ‘Relevance’ pillar of the National Higher Education Strategy, which was approved by the UAE ...

Abu Dhabi / Emirates Business HE Mohammad Ashraf Ghani, President of Afghanistan, inaugurated the Abu Dhabi Fund for Development (ADFD) financed Sheikh Khalifa bin Zayed City Housing Complex in Afghanistan. Located in the Qasaba district of Afghanistan’s capital Kabul, ADFD contributed an estimated AED708 million to the social housing development project. HE Mohammed Saif Al Suwaidi, Director General of ADFD, ...

Dubai / WAM The governments of the UAE and India on Monday announced the launch of a new strategic partnership focused on skills development and mutual recognition of qualifications. The partnership was launched at a forum in Dubai, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), supported by the UAE’s Ministry of Human Resources and Emiratisation ...

Bloomberg The latest Group of Seven (G7) meetings have begun with a focus on Russia’s actions in Ukraine, an issue Canada’s foreign minister knows well. Chrystia Freeland, a lawmaker of Ukrainian descent who is banned from Russia, kicked off the meeting of foreign ministers by hosting them for brunch — waffles, eggs, a cake, served by her children in her ...

Bloomberg A smartphone in India cost more than $200 just two years ago. Now you can get a decent phone for nothing but a refundable deposit of $23. Data packages are cheap, and a startup company even throws in free voice calls for life. For this, consumers can thank Mukesh Ambani, a 61-year-old petrochemicals titan who is the country’s richest ...

Bloomberg President Xi Jinping’s big push to curb pollution and excess capacity in steel and other industries is also consolidating his government’s control over them. Just last year, the state’s share of steel capacity increased to 67 percent from 60 percent while aluminum smelting saw about an equal increase, J Capital Research Ltd. estimates. In coal, which began consolidating years ...

Bloomberg The Department of Justice opened another front in its scrutiny of the US telecom industry, signaling it’s set on maintaining a deeply competitive environment in a market where four major carriers are jostling for new subscribers. Antitrust officials are investigating whether AT&T Inc. and Verizon Communications Inc. colluded to make it tougher for consumers to change wireless carriers, people ...

Bloomberg Royal Philips NV Chief Executive Officer Frans van Houten said the Dutch manufacturer of medical equipment remains on the hunt for companies to buy as it hones focus on the health-care sector. “We are interested to do bolt-on acquisitions,” he said in an interview on Monday with Bloomberg TV after publishing quarterly earnings. “Deals done last year were bolt-on, ...