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Bloomberg HSBC Holdings Plc shares rise after it delivered better-than-estimated profits and pledged to return to paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Helped by rising interest rates and a jump in income from currency trading, adjusted pretax profits rise 13% to $5.97 billion in the second ...

  Sharjah / WAM The Hamriyah Free Zone Authority (HFZA) has partnered with Rafid Automotive Solutions to establish an integrated technical centre within the free zone and provide vehicle repair, maintenance, inspection, as well as registration services and roadside assistance. In addition to promoting Sharjah’s competitive edge, the partnership agreement will also fuel the effort by both parties to upgrade ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has issued a notice to all banks and finance companies operating in the UAE on housing loans granted to beneficiaries of the Home Finance of the Sheikh Zayed Housing Programme (SZHP). The notice included details of the CBUAE decision, in agreement with SZHP and in line with Article ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has developed several innovations using artificial intelligence (AI) to improve the efficiency of operations in Dubai’s water network, monitor cyberattacks, leaks, and faults, and isolate and repair them immediately. These innovative solutions also predict malfunctions of smart meters and pumps based on sensor data, in addition to automating the notifications ...

  Dubai / WAM The Museum of the Future has launched its first Future Heroes Summer Camp, full of fun, educational, and highly entertaining children’s programmes focusing on science, technology, and engineering, art, and mathematics (STEAM). Running from August 2-19, Future Heroes Summer Camp provides a unique opportunity for the imagination, curiosity, and creativity of the nation’s youth to run ...

Bloomberg The UK government won’t be able to insulate as many homes as planned before winter after it scaled back a £1 billion ($1.2 billion) boost to its flagship scheme to help some of the country’s poorest households curb their energy use. A plan was dropped to double the £1 billion of funding in the so-called Energy Company Obligation after ...

Bloomberg China held live-fire military drills in the Taiwan Strait on Saturday as US House Speaker Nancy Pelosi prepared to arrive in Asia. The exercises took place off the coast of Fujian province opposite Taiwan. A warning issued by the local maritime safety agency said the drills would be conducted near Pingtan, a county about 130 kilometers (81 miles) from ...

  Bloomberg The US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Fields in North Dakota, the top producing US state, are forecast to yield a record high 49.1 bushels per acre of the grain, according to the final estimate ...

Bloomberg Canada’s economic expansion showed signs of moderating in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates. Output in June was on track for a small increase of 0.1% after stalling in May, Statistics Canada said. That follows three months of better growth between February and ...

  Bloomberg The UK’s bleak economic outlook and rising interest rates are finally biting into the country’s housing market, the latest figures from Britain’s lenders show. NatWest Group Plc reported net mortgage growth of £3.3 billion ($4 billion) in the second quarter, down from £3.6 billion in the same period last year. Barclays Plc reported near stagnant growth in home ...