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European regulators raise questions about Microsoft cloud practices

Bloomberg European regulators are asking Microsoft Corp. partners and rivals for information related to a complaint made against the software maker alleging anti-competitive behavior in the cloud-computing services market. The European Commission in March circulated a questionnaire, seen by Bloomberg News, focusing on how Microsoft licenses its products. The questions may lead to a formal inquiry, and follows an antitrust ...

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Italian inflation surges to 7% in March

  Bloomberg Italian inflation surged to the highest in three decades as energy prices continued to rise following Russia’s invasion of Ukraine. Prices increased 7% in March from a year earlier, statistics office Istat said. That’s the fastest pace since 1991. Rising prices and the ongoing conflict are impacting the economy with Finance Minister Daniele Franco saying last week that ...

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Brazil exports, imports hit record high in March

  Bloomberg Brazil posted record monthly exports and imports in March on the back of a surge in global commodity prices fuelled by the Russian invasion of the Ukraine. Exports rose almost 20% from the same month a year ago to $29.1 billion, a record for the data series that goes back to 1959, the Economy Ministry reported. Imports increased ...

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Tokyo Stock Exchange’s new look goes into effect

Bloomberg The Tokyo Stock Exchange implemented its biggest revamp in over 60 years on Monday, with a long-awaited but largely symbolic restructuring of its market segments. Earlier hailed as a once-in-a-generation shift, the introduction of the three new sections — Prime, Standard and Growth — was intended to boost Japanese stocks’ appeal and understandability to foreign investors. But the restructuring ...

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Stocks struggle, US futures slip; oil rises

  Bloomberg Stocks in Europe struggled for traction and US index futures slipped as traders weighed the latest developments in the Ukraine war, with some European governments pushing for stiffer sanctions on Russia amid reports that its troops executed unarmed civilians. The Stoxx Europe 600 index fluctuated at the open, with banks and car makers leading declines. The healthcare sector ...

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EDB announces AED1.9b contribution to UAE GDP

  Abu Dhabi / WAM Emirates Development Bank (EDB) has announced record growth over the past 12 months. The results, which were presented at the first EDB Board meeting of 2022, underline the success of the bank’s new strategy, which was launched in March 2021 to support UAE’s industrial development, accelerate the adoption of advanced technologies, and empower the growth ...

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Mohamed orders AED340mn in social assistance across UAE

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered the disbursement of AED340 million to recipients of social assistance across the country, on the occasion of the Holy Month of Ramadan. This amount will be disbursed in addition to the ...

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Dubai Customs, Kuwait’s PAI to boost cooperation

  DUBAI / WAM Dubai Customs received a senior Kuwaiti delegation, headed by Abdulkarim Taqi, Director-General, Public Authority for Industry (PAI). Mansoor Al-Malik, Executive-Director for Policies and Legislation Division at Dubai Customs received the Kuwaiti delegation. The meeting was attended by a number of officials from Dubai Customs and Kuwaiti businessmen and traders. Al-Malik briefed the delegation on the latest ...

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