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Davos / WAM The World Economic Forum 2023 has announced the joining of Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, to the WEF Leadership Council, which includes 13 members from various countries. The council will be an important institutional community to act as a sounding board for the forum’s long-term strategy and help it to play a particular ...

  Bloomberg The value of the voluntary carbon market that allows polluters to buy credits to offset emissions is set to grow fivefold by 2030, after expanding at a record pace over the past two years, according to Shell Plc. The global voluntary market is expected to increase from an estimated value of $2 billion in 2021, Shell said in ...

Bloomberg The Netherlands and Japan, home to key suppliers of semiconductor manufacturing equipment, are close to joining a Biden administration-led effort to restrict exports of the technology to China and hobble its push into the chips industry. The Dutch and Japanese export controls may be agreed to and finalized as soon as the end of January, according to people familiar ...

  Bloomberg UK employers unleashed a hiring spree at the start of 2023 even as consumer confidence about the economy stalled, two separate surveys showed. There were more than 184,000 new job advertisements in the first week of January, up by a quarter on the same period a year ago, according to the Recruitment & Employment Confederation. The market research ...

  Bloomberg Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring. The cuts will affect jobs globally and across the entire company, Chief Executive Officer Sundar Pichai told employees in an email on Friday, writing that he ...

Bloomberg Germany’s new defense minister, Boris Pistorius, said his government hasn’t made a decision yet on supplying its Leopard battle tanks to Ukraine but that it could move quickly if an agreement can be reached with Nato allies. Speaking to reporters after talks at the US airbase in Ramstein, Germany, Friday, Pistorius said that defense ministers and military officials had ...

  Bloomberg France will increase its defense budget over six years as President Emmanuel Macron seeks to adjust the nation’s military to new threats posed by the war in Ukraine and technological attacks. In a speech Friday, Macron said he expects the state to spend 400 billion euros ($433 billion) between 2024 and 2030, an increase from the 295 billion ...

  Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) has confirmed the launch of the second mission of the UAE Astronaut Programme which is scheduled for no earlier than February 26. Aboard SpaceX Crew Dragon spacecraft, Sultan Al Neyadi along with two astronauts will launch to International Space Station from Launch Complex 39A at Nasa’s Kennedy Space Center ...

  Sharjah / WAM Beeah Recycling has signed an agreement with the UAE Ministry of Energy and Infrastructure (MOEI) and the American University of Sharjah (AUS) to collaborate on establishing the nation’s first recycling plant for end-of-life batteries from electric vehicles. The agreement was signed during the 2023 World Future Energy Summit in Abu Dhabi at the Ministry of Energy ...

  Abu Dhabi / WAM For the fourth consecutive year, the United Arab Emirates (UAE) has maintained its position and first place in the Global Terrorism Index (GTI). The UAE is considered one of the safest of several countries that take effective measures to combat terrorist and extremist activities, and one of the safest countries in the world with a “very ...