BLOOMBERG Chinese President Xi Jinping told Volodymyr Zelenskiy that the only way to achieve peace for Ukraine is through negotiations with Russia. In their first conversation since the Russian invasion last year, Xi also told the Ukrainian leader that China will send an envoy to visit Kyiv. Ukrainian officials said the nearly one-hour conversation was an “important dialogue.” The talks ...

BLOOMBERG President Joe Biden launched the first television ad of his newly launched reelection campaign on Wednesday, backed by a first-week expenditure of more than $250,000 — mostly in six battleground states. The 90-second ad — extraordinarily long in modern television advertising — comes 24 hours after making his candidacy official with an online video. The paid ad echoes many ...

BLOOMBERG The US will strengthen the deterrence it provides South Korea against nuclear threats, securing a pledge from Seoul to honour commitments to not pursue its own atomic arsenal. US President Joe Biden and South Korean President Yoon Suk-yeol will announce the agreement when they meet at the White House, according to senior American administration officials who spoke on condition ...

BLOOMBERG Turkish President Recep Tayyip Erdogan cancelled three scheduled campaign appearances less than a month before high-stakes elections after falling ill during a live television interview. Broadcasting was disrupted for several minutes after Erdogan, 69, became sick with what he said was stomach flu. In power for the past two decades, Erdogan has developed a reputation as a tireless strongman ...

BLOOMBERG Even as Warren Buffett’s blessing and buying by the foreign investors helps drives outperformance in Japanese stocks this year, retail investors are turning increasingly bearish. The blue-chip Nikkei 225 Stock Average has risen more than 9% so far to above 28,000, while the MSCI Asia Pacific Index Excluding Japan Index is up less than 1%. Gains have been helped ...

BLOOMBERG A rout in Chinese stocks paused after a $446 billion wipeout in value for mainland shares this month, but a meaningful rebound may be hard to come by as geopolitical tensions simmer. The benchmark CSI 300 Index ended little changed on Wednesday. The MSCI gauge of Chinese shares advanced as much as 1.6% after a six-day slide, though it’s ...

ABU DHABI / WAM Abu Dhabi Airports Free Zone (Adafza), a subsidiary of Abu Dhabi Airports, has recorded a two-fold increase in leased-out spaces and properties in 2022. The achievements reaffirm the Free Zone status as a unique preferred business destination for local, regional and international organisations across several economic sectors. This strong performance was dually driven by growth in ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has announced the signing of an agreement with the Roads and Transport Authority in Dubai (RTA). According to the pact, RTA will be the Platinum Sponsor of the World Green Economy Summit (WGES), which is organised by the World Green Economy Organisation (WGEO), Dewa, and the Dubai Supreme Council of Energy, ...

ABU DHABI / WAM The Ministry of Education (MoE) has announced the UAE’s Green Education Partnership Roadmap in preparation for COP28. The announcement was made during a press conference held by MoE at its headquarters in Abu Dhabi, in the presence of Dr Ahmad Belhoul Al Falasi, Minister of Education; Dr Amna Al Dahak Al Shamsi, Assistant Under-Secretary of the ...

ABU DHABI / WAM Abu Dhabi and the UAE has a long and proud tradition of maritime trade, capitalising on the nation’s strategic location between east and west and proximity to key growth markets in Asia and Africa. Building on this proud tradition, Adnoc Logistics and Services (Adnoc L&S) is one of the UAE’s maritime success stories. As the maritime ...