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  Bloomberg Electricite de France (EDF) SA kicked off a deeply discounted rights offering of more than 3.1 billion euros ($3.4 billion), a stopgap measure as the state prepares to overhaul the ailing nuclear power giant. A broader reform of the debt-laden utility is planned by President Emmanuel Macron, who said some EDF assets should be nationalised. The firm, already ...

  Bloomberg Oyo, the high-profile affordable lodging startup that filed for an initial public offering last year, is considering slashing its fundraising target by half or even shelving the debut, according to people familiar with the matter. Faced with headwinds including slumping stock markets, Oyo-operator Oravel Stays Ltd could clip its Indian IPO from the nearly $1 billion initially sought ...

  Bloomberg The initial public offering of FabIndia Ltd, a retailer of clothing and furniture inspired by traditional Indian crafts, is a natural fit for global investors focused on environmental, social and governance criteria, according to its chief financial officer. “We are ESG in the way we operate in terms of connecting the artisans, the farmers,” Gopal Mishra said in ...

Bloomberg Only half of Chinese aged 80 and older are fully vaccinated against Covid-19, highlighting a key vulnerability as the country grapples with its worst outbreak since Wuhan and the prospect of reopening to the world. About 51% of over 80-year-olds have received two shots and some 20% have gotten boosters, health officials told reporters at a briefing in Beijing. ...

Bloomberg Southeast Asia’s tourist havens from Bali to Bangkok are moving to further reopen, rolling back Covid-19 restrictions to attract more visitors and bolster growth in their tourism-reliant economies. Thailand announced that it will further ease entry rules for vaccinated visitors starting from April 1. Foreign tourists will no longer be required to hold a Covid-free certificate issued within 72 ...

Bloomberg US President Joe Biden and Chinese leader Xi Jinping began a closely watched phone call on Friday, their first since Russia’s invasion of Ukraine last month. The call, which started shortly after 9 am Washington time, is an opportunity for Biden to assess where Beijing stands on the war and how Xi views his country’s role, after some Chinese ...

MOSCOW / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met on Thursday with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, in Moscow. They discussed cooperation between the two countries and ways to enhance the bilateral strategic partnership in various fields. They exchanged views on key developments and challenges ...

  Abu Dhabi / WAM Emirates Steel has recorded a nearly 50 percent increase over the past two years in the number of its export markets in Europe, America, Asia, and the Middle East and North Africa. The expansion of Emirates Steel’s export footprint to 56 countries in 2021 compared to 38 in 2019 is part of the company’s strategy ...

  Abu Dhabi / WAM Environment Agency – Abu Dhabi (EAD) will host the 12th World Environment Education Congress (WEEC) in Abu Dhabi in 2024, it was officially announced at the end of congress’ 11th edition held in Prague, Czech Republic. The congress themed ‘Connecting People, Creating Tomorrow’ will take place from January 29 to February 2, under the patronage ...

Bloomberg European natural gas prices rose as the market continues to weigh the risk of potential supply disruptions and further sanctions against Russia. The EU has so far been reluctant to ban energy flows from its top gas supplier Russia. Yet, European Commission President Ursula von der Leyen said on Twitter that the bloc and its partners “will keep up ...