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  Bloomberg The drive to launch new carbon exchanges in Asia has reached new heights with Malaysia entering the fray, raising questions about how many will survive in a market that could be worth hundreds of billions in a few decades. Bursa Malaysia Bhd opened an exchange this month, joining more than a dozen that are under way or planned ...

  Bloomberg India’s unemployment rate in December climbed to its highest point since a nationwide pandemic lockdown, as the country struggles to produce enough jobs to absorb a growing workforce. The joblessness rate in the first three weeks of December was over 8% of the available labour force, Mahesh Vyas, head of the Centre for Monitoring Indian Economy Pvt Ltd, ...

  Bloomberg India’s biggest carmaker, Maruti Suzuki India Ltd, said government levies put vehicles beyond the reach of much of the population, adding to criticism of the country’s tax regime from Tesla Inc and Toyota Motor Corp. “Government policies are such that they treat cars as luxury products that need to be heavily taxed,” Maruti Chairman RC Bhargava said at ...

  Bloomberg After the worst year for initial public offerings (IPO) in Hong Kong since the financial crisis, bankers and analysts expect a recovery in listings in the Asian financial hub as China moves forward with reopening plans. Proceeds raised in the city totalled $12.9 billion in 2022, down 70% versus last year, outpacing the 29% contraction in the Asia ...

Bloomberg China is building up several unoccupied land features in the South China Sea, according to Western officials, which they said was part of Beijing’s long-running effort to strengthen claims to disputed territory and potentially bolster its military presence in a region critical to global trade. Fishing fleets that operate as de facto maritime militias under the control of authorities ...

Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court and Chairman of the Board of the Emirati Talent Competitiveness Council has launched the first cycle of ‘Nafis Award’ for the year 2022-2023. The award aims to recognise private sector establishments that have excelled in hiring UAE nationals and fostered ...

  Dubai / WAM Tecom group has broken ground on the Innovation Hub Phase 2 in Dubai Internet City, as Dubai’s legislative framework and ease of doing business attract a high volume of international companies and investors. The group is expanding its leasing portfolio to capture the increasing demand in Dubai’s commercial real estate market underpinned by the emirate’s economic ...

DUBAI / GEORGE TOWN / WAM Under the patronage and presence of Dr Mohamed Irfaan Ali, President of the Cooperative Republic of Guyana, the governments of the UAE and Guyana launched the Guyana Coders Initiative (GCI). This forthcoming initiative was conceived as part of government knowledge exchange collaboration between the two countries and marks a first in Latin American. This ...

  Abu Dhabi / WAM Edge group entity, Jaheziya, a single-stop service provider for defence solutions and emergency response services, and Abu Dhabi Maritime Academy (Adma), a world-class maritime education and training institute, part of AD Ports group, announced on Monday they have signed a memorandum of understanding (MoU) to expand regional fire safety and maritime training programmes. As per ...

  Bloomberg Electricite de France SA (EDF) extended maintenance halts at two nuclear reactors by four months and warned it may have to carry out lengthy repairs at seven others next year, further straining European power supplies. The world’s largest nuclear fleet has suffered prolonged shutdowns this year that have left Europe even more reliant on natural gas at a time ...