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Deutsche Bank’s rates traders win big bonus

BLOOMBERG Deutsche Bank AG’s rates traders received some of the biggest increases in bonuses as Germany’s largest bank unveiled compensation details. The business, which saw revenue jump five-fold last quarter amid rapid increases in central bank interest rates, saw the largest gain in variable compensation within the securities unit, according to people familiar with the matter. Currency traders and the ...

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Credit Suisse bids above rivals for rich clients as bankers exit

BLOOMBERG Credit Suisse Group AG is escalating efforts to win back clients with deposit rates that are significantly higher than rivals as a run of senior banker departures adds urgency to its campaign to recoup assets. After unprecedented outflows in the fourth quarter, the Zurich-based lender has raised three-month rates to as much as about 6.5% for new money of ...

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China sends fighter jets near Taiwan as US OKs arms sale

BLOOMBERG China sent the most warplanes near Taiwan in nearly two months, a move that comes as the US approved the sale of $619 million worth of arms to the democratically run island. Some 17 J-10 and four J-16 fighter jets were detected in the southwestern part of the island’s air-defense identification zone in the 24 hours to early Thursday, ...

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Putin denounces attack near border that Kyiv calls a set-up

BLOOMBERG Vladimir Putin called an attack in a village near the border with Ukraine “a terrorist act,” hours after scrapping plans to travel to southern Russia on Thursday over the episode. “They crossed into the border zone and opened fire on civilians” who were in a vehicle, Putin said in comments at the start of a televised video conference with ...

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ERC, Q Holding ink deal to boost humanitarian work

ABU DHABI / WAM Emirates Red Crescent (ERC) and Q Holding PJSC signed a cooperation agreement to strengthen their partnership in humanitarian fields. The agreement outlines mechanisms for coordination and cooperation between the two parties and Q Holding’s role in supporting the ERC’s humanitarian and development efforts in the UAE and abroad. It also aims to promote corporate social responsibility ...

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Green energy meets 80% of Abu Dhabi demand: Ewec

ABU DHABI / WAM Emirates Water and Electricity Company (Ewec) has, for the first time, met 80% of total power demand in Abu Dhabi using renewable and clean energy from its solar and nuclear energy plants. In the process, Ewec supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand. The significant achievement to meet 80% of total ...

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Deal signed to attract new stream of crypto firms to Dubai

DUBAI / WAM DMCC – the world’s flagship free zone and government of Dubai Authority on commodities trade and enterprise – has partnered with Digital Wave Finance (DWF) Labs, a global digital asset market maker and multi-stage web3 investment firm, to offer a new $5 million growth platform for web3 and blockchain businesses at the DMCC Crypto Centre. As a ...

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e& receives Brand Finance Telecoms award in Barcelona

BARCELONA / WAM e& on Thursday received the Brand Finance Telecoms 150 2023 award as the most valuable portfolio of telecom brands in the Middle East and Africa. e& has undergone a significant transformation, resulting in remarkable business growth and sustained stakeholder confidence. The transformation into a global technology and investment group has seen e &’s portfolio of brands grow ...

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