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Bloomberg China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington. The world’s second-largest economy will grow just 2% this year, Bloomberg Economics wrote in a report. By comparison, US gross domestic product will increase 2.8% this year, Bloomberg Economics ...

Bloomberg The UK should cancel its planned corporate tax increase in order to ensure Britain remains an attractive place to do business, according to a new report by the Centre for Policy Studies (CPS). The UK’s corporate tax on companies with annual profits of more than £250,000 is due to rise to 25% in April from the current 19% as ...

Bloomberg Paris tourism is bouncing back as European and American visitors return to take in the sights of the French capital after two years of Covid-related lockdowns and restrictions. The city is the second-most sought-after destination worldwide this year, behind London, according to booking aggregator Trivago. That has steadily pushed up hotel room rates and occupancy since the beginning of ...

  Abu Dhabi / WAM Saqr Ghobash, Speaker of the Federal National Council, has affirmed that the Palestinian cause has always been at the heart of the foreign policy priorities of the UAE since its establishment, and that the UAE, politically and diplomatically, stood shoulder to shoulder with sisterly countries against all Israeli measures and decisions that have aimed to ...

  Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah, and Chairperson of the Supreme Council for Family Affairs (SCFA), has hailed the emirate’s pioneering efforts in safeguarding and protecting the environment in line with national and global sustainable development principles and practices. HH Sheikha Jawaher noted that the ongoing long-term investments in ...

  Sharjah / WAM The University of Sharjah (UoS) is the first university in the Arab World to earn a Sustainability Tracking, Assessment and Rating System (Stars) Gold rating in recognition of its sustainability achievements from the Association for the Advancement of Sustainability in Higher Education (Aashe) in Florida, United States. Stars, is a global rating system and a transparent, ...

  Abu Dhabi / WAM The 31st edition of the Abu Dhabi International Book Fair (Adibf, organised by the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), begins on Monday under the theme’Inspire, Innovate, Enrich’. The Fair, running from May 23-29 at the Abu Dhabi National Exhibition Centre ...

Bloomberg US President Joe Biden said that he wasn’t concerned about the possibility of North Korea holding a nuclear test while he’s in Asia. “We are prepared for anything North Korea does,” Biden told reporters in Seoul. “We’ve thought through how we’d respond to whatever they do, and so I am not concerned.” US intelligence has shown that North Korean ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan would make the UAE a global technology leader, Australia’s Governor-General David Hurley told the Emirates News Agency (WAM), adding that “Australia would be part and parcel of that progress.” “I think the most important thing we will see in his (His Highness Sheikh Mohamed’s) term as ...

  Dubai / WAM A delegation from the Mohammed bin Rashid Space Centre (MBRSC), led by Director-General Salem Al Marri, has visited Emirates Global Aluminium (EGA) to explore potential collaboration in research and the use of EGA’s UAE-made aluminium in space. Al Marri was received at EGA’s Jebel Ali site in Dubai by Chief Executive Officer Abdulnasser bin Kalban, and ...