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  Bloomberg Chinese coal futures fall to the lowest level this year after Indonesia allowed some cargoes to leave ports as it considers lifting a temporary ban on exports of the fuel. Thermal coal on the Zhengzhou Commodity Exchange dropped by as much as 2.9% on Tuesday after Indonesia’s government said the previous day that it would immediately release 14 ...

  Bloomberg President Kassym-Jomart Tokayev said Russian-led troops that helped him crush an uprising would begin to leave in two days as he denounced “oligarchic groups” that dominate Kazakhstan’s economy. The country is now “stable” after last week’s violence, allowing for the phased withdrawal over 10 days of forces from Russia and other ex-Soviet states that he’d summoned to Kazakhstan, ...

  Bloomberg Canada’s labour market beat expectations in December, a strong end to a record year for employment gains. Employment rises 54,700 last month, Statistics Canada reported in Ottawa. That’s more than double the 25,000 gain economists were predicting in a Bloomberg survey. Full-time jobs actually surged by 123,000, as many part-time workers shifted to more permanent employment — another ...

  Bloomberg Germany suffered its costliest natural disaster on record last year, as flash floods led to damages that vastly exceeded the amount covered by insurers. Torrential rainfall that devastated parts of western Germany in July 2021 cost Europe’s biggest economy $40 billion, according to a Munich Re report. Roughly a quarter of that will be met by the insurance ...

  Bloomberg UK property developers must contribute to a 4 billion-pound-fund ($5.4 billion) to fix dangerous cladding on low-rise apartment blocks by March or face new regulations that would force them to pay, Housing Secretary Michael Gove said. Gove said it was “morally wrong” that homeowners were still trapped in unsafe and unsellable apartments more than four years after the ...

  Bloomberg Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. Consumer prices jumped 5% from a year earlier in December — faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a ...

  Sharjah / WAM Bee’ah, the Middle East’s sustainability pioneer, has now become Beeah Group, adopting the structure of an investment holding company and assuming a new visual identity. As Beeah Group, the organisation is unifying its growing businesses across industries and countries, including operations in UAE, KSA, Egypt and global joint ventures. Since its founding over a decade ago, ...

  Gaza / WAM Nearly 230,000 students and teachers in the Gaza Strip will have access to clean drinking water, under the framework of a UAE Government-funded international initiative led by the Rostropovich-Vishnevskaya Foundation (RVF) based in Washington DC in the United States. Under the initiative, 125 schools managed by the United Nations Relief and Works Agency for Palestine Refugees ...

  Abu Dhabi / WAM Zayed University signed a memorandum of understanding (MoU) with Injazat, a Digital Transformation, Cloud, and Cyber Security company, to mentor students on EdTech projects. Spearheaded by Abu Dhabi’s G42, the parent company of Injazat, the partnership will see Zayed University match students from their College of Interdisciplinary Studies, with the mentors and practitioners at Injazat ...

  Bloomberg BHP Group will buy a minority stake in a Tanzanian nickel project as the world’s biggest miner seeks to expand in commodities that will be central to the green-energy transition. BHP’s investment in Kabanga Nickel Ltd. comes less than a month after the commodities giant bowed out of a bidding war for Noront Resources Ltd., which owns nickel ...