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Bloomberg Italy’s credit rating was raised one notch to “BBB” by Fitch Ratings, which said the country’s high Covid-19 vaccination rates and an increase in public and private spending will help the economy expand more than expected. The boost in rating reflects confidence in the unity government led by Premier Mario Draghi and its ability to wisely spend over 200 ...

Bloomberg Ford Motor Co expects to be the second-biggest seller of electric vehicles in the world within two years, according to Chief Operating Officer Lisa Drake. Demand for Ford’s first electric vehicles — the Mustang Mach-E crossover, the new electric F-150 Lightning pickup due out next spring, and its E-Transit commercial van — is emboldening the automaker to ramp up ...

Dubai / WAM An analysis released by Dubai Chamber highlights the vital role that countries from the Association of South East Asian Nations (Asean) can play in enhancing the UAE’s food security. The release of the analysis comes ahead of the first-ever Global Business Forum (GBF) Asean, organised by Dubai Chamber in partnership with Expo Dubai at Expo 2020 Dubai. ...

AJMAN / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, commended the UAE leadership’s great interest in heritage, antiquities, national identity, preservation of heritage content and its wide dissemination internally and externally, while inaugurating the Masfout Museum. His Highness Sheikh Ammar made his statements when he inaugurated the museum ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) announced the completion of 50 percent of the Sheikh Rashid bin Saeed Roads Improvement Corridor. The project, which extends eight kilometres (km) along Ras Al Khor Road, runs from the intersection of the Dubai-Al Ain Road to the junction of Sheikh Mohammed bin Zayed Road. Improvement works also include the construction ...

Bloomberg European Union (EU) legislators are looking to tighten the region’s planned green bond standards and make it harder for issuers of environmentally-friendly debt to overstate their promises to investors. Sellers of European green bonds and sustainability-linked bonds should develop a transition plan indicating how they will adhere to a 1.5°C global warming scenario and reach climate neutrality by 2050, ...

Bloomberg President Joe Biden said he anticipated a “long discussion” with Vladimir Putin over the threat of an invasion of Ukraine, and dismissed the Russian leader’s warning that deployment of Western weapons or troops represented a “red line.” “We’ve been aware of Russia’s actions for a long time and my expectation is we’re going to have a long discussion with ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, and Hewlett Packard Enterprise (HPE) signed a Memorandum of Understanding (MoU) at Global Manufacturing and Industrialisation Summit (GMIS) to collaborate in a series of mutually beneficial programmes dedicated to nurturing tech start-ups. Founders will benefit from direct access to HPE’s experts, mentorship and opportunities to further develop technologies in collaboration ...

Abu Dhabi / WAM Abu Dhabi Convention and Exhibition Bureau (ADCEB), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is set to fly the flag for the emirate’s MICE industry at IBTM World 2021 in Barcelona, Spain, which runs until December 2. The conference is expected to attract 15,000 professionals from more than 100 ...

Abu Dhabi / WAM Lt General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the UAE Armed Forces, stressed that Commemoration Day is meant to honour noble human principles, noting that the UAE’s martyrs sacrificed their lives for righteousness and helped needy people. In a statement to the “Nation Shield” magazine on Commemoration Day, he said, “The occasion is ...