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  Bloomberg US and European governments threatened new sanctions after Russian President Vladimir Putin recognised two self-proclaimed separatist republics in eastern Ukraine and ordered troops sent to them in the latest escalation of Moscow’s standoff with the West. Russia gave no details on how many “peacekeeping” troops might go into the breakaway regions of Donetsk and Luhansk, or when, as ...

  ABU DHABI / WAM The Ministry of Human Resources and Emiratisation issued a resolution on Monday to form a committee that will assess labour relations grievances presented by parties based on relevant resolutions issued by the ministry. This move is in implementation of a Federal Decree Law to regulate labour relations, ensure transparency and integrity in addressing the grievances ...

  Dubai / WAM Reducing food waste is the key to a brighter future for humans and the planet, panellists agreed at the World Majlis: The Value of Food session, held at Terra — The Sustainability Pavilion. Thought-leaders, visionaries, and changemakers came together as part of Expo 2020 Dubai’s Food, Agriculture and Livelihoods Week to exchange ideas on how to ...

  RAS AL KHAIMAH / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has said that Ras Al Khaimah is taking deliberate steps to enhance its presence as a leading destination for hosting the most important sports competitions. His Highness pointed out that the events witnessed by the emirate during ...

  Bloomberg Thailand’s economy grew faster than expected last quarter, buoyed by rising exports and tourist arrivals, firming its recovery as it faces risks this year from inflation and Omicron variant. Gross domestic product during October-December rose 1.9% from a year ago, the National Economic and Social Development Council (NESDC) said. That beat the median growth estimate of 0.8% in ...

  Bloomberg Soaring gasoline prices are fanning inflation and causing a headache for governments and central banks worldwide. In countries with elections coming up, they’re an extra headwind for the incumbents. While the US mid-terms in November are the prime example of fuel prices feeding into the political sphere, upcoming votes in Asia may also be affected. Voting is already ...

  Bloomberg China’s provincial governments are bracing for a tough year, predicting income growth from taxes will slow and land sale revenue will fall, putting them under severe fiscal pressure as they try to spend more to support a faltering economy. Some local authorities are predicting their general revenue this year will be significantly weaker than an expected national economic ...

Bloomberg The Kremlin said there are “no concrete plans” for a summit between US President Joe Biden and Russian President Vladimir Putin, throwing into question the fate of a French proposal that seemed to offer fresh hope for averting an alleged Russian plan to attack Ukraine. US officials said the meeting, proposed by French President Emmanuel Macron, would occur only ...

Bloomberg Germany spent about 42 billion euros ($48 billion) on a program to secure jobs threatened by the coronavirus pandemic. A government program to pay most of an employee’s wages when they can’t work because of operational issues like lockdowns was worth the cost, Germany’s Labor Minister Hubertus Heil said in an interview with Tagespiegel. “The alternative — namely allowing ...

  Bloomberg US retail sales rebounded by more than forecast with the biggest gain since March, as Americans kept spending through a Covid-19 spike and hot inflation to help drive the economic recovery. The value of overall purchases rise 3.8% in January after a downwardly revised 2.5% drop in the prior month, Commerce Department figures showed. The median estimate in ...