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Ukraine crisis: Putin at risk of personal sanctions, says Biden

  Bloomberg President Joe Biden said he would consider personally sanctioning Vladimir Putin if he orders an invasion of Ukraine, escalating the US effort to deter the Russian leader from war. “Yes,” Biden said in Washington, in answer to a reporter’s question about whether he could see Putin facing US sanctions. “I would see that.” The US rarely levels sanctions ...

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Mubadala Health announces its expansion plans into Dubai

  Dubai / WAM Mubadala Health on Tuesday announced its foray into the provision of healthcare services in Dubai. The expansion of Mubadala Health into Dubai is in collaboration with the Dubai Health Authority (DHA) and the Ministry of Health & Prevention (MoHAP). Mubadala Health is committed to a significant investment in Dubai’s healthcare sector, starting with the opening of ...

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Cambodia marks National Day at Expo 2020 Dubai

  DUBAI / WAM The Kingdom of Cambodia celebrated its Expo 2020 Dubai National Day by expressing its commitment to sustainable development. Also, it hosted a series of classical dance routines from the ‘Golden Land’. Highlights included a ‘Best Wishes’ dance, traditionally performed to give blessings to monarchs and leaders, and a Ramayana dance drama based on the Sanskrit epic. ...

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Expo 2020 Dubai approaches 11 million visits

  Dubai / WAM Expo 2020 Dubai has recorded 10,836,389 visits as of January 24, while the virtual visitation reached 72.5 million. The visitors were attracted by the new musical from Indian stars Shekhar Kapur and A.R. Rahman, plus a series of high-profile events as part of the first Global Goals Week to be held outside of the United Nations ...

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European gas falls amid higher Russian flows, mild weather

  Bloomberg Natural gas prices in Europe declined as Russia’s shipments increased and weather forecasts pointed to milder temperatures in the region. Orders to send gas through Ukraine via Velke Kapusany, a major entry point in Slovakia, rose to the highest level since January 1, according to data from operator Eustream. Shipments still remain below normal. Above-average temperatures are expected ...

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US troops ‘ready to go’ to bolster Nato forces, says White House

  Bloomberg A Kremlin spokesman warned that a US move to put as many as 8,500 troops on alert “exacerbates tensions,” as a top White House official said the reinforcements for Nato forces in Eastern Europe are “ready to go at a moment’s notice.” Evidence also emerged that European governments are split on what Russian actions short of a military ...

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UK borrowing undershoot hands Sunak $18b windfall

  Bloomberg UK Chancellor of the Exchequer Rishi Sunak is on track for a windfall of around 13 billion pounds ($17.5 billion) this financial year as borrowing figures for the first nine months came in well below official forecasts, despite a sharp rise in debt interest costs. The budget deficit was 16.8 billion pounds last month, taking the shortfall from ...

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Euro area output increased at slowest pace in almost a year

  Bloomberg Euro area economic activity increased at its slowest pace in almost a year as infections of the coronavirus’s Omicron strain ripped through the services industry. While supply disruptions eased somewhat for manufacturers, a composite gauge for both sectors falls for a second month, to 52.4 in January from 53.3 in December, according to a survey of purchasing managers ...

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LA port sees record cargo in 2021 despite trade snarls

  Bloomberg The Port of Los Angeles moved record cargo volumes last year amid an import surge at the U.S.’s biggest container gateway and supply-chain snarls brought on by the pandemic. The West Coast port handled 10.7 million 20-foot container units in 2021, 13% more volume than in 2018, the previous record year, Executive Director Gene Seroka said. US supply ...

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