KUALA LUMPUR / WAM The Sheikh Zayed Chair, a dedicated research body at the Institute of Strategic and International Studies Malaysia (ISIS Malaysia) in Kuala Lumpur, was officially launched on the sidelines of the visit of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, to Malaysia. The launch ceremony was attended by Khalid …
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ABU DHABI / WAM Adnoc and Abu Dhabi National Energy Company (Taqa) announced on Wednesday the award of a strategic investment project estimated at up to $2.4 billion (AED8.8 billion) to provide sustainable water supply for Adnoc’s onshore operations, reinforcing Adnoc and Taqa’s position as responsible energy leaders and underscoring their efforts to drive sustainable initiatives that deliver long-term value. …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Isaias Afwerki of Eritrea on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin …
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BLOOMBERG Instagram is planning to release a text-based app that will compete with Twitter.The company is currently testing the project idea with celebrities and influencers, according to people familiar with the matter. Instagram has been in discussions with select creators for months, though none of them has had access to the full version of the app, according to one of …
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BLOOMBERG Eight European Union (EU) nations called for the bloc to scrap new pollution limits for car tailpipes as they distract from the goal of effectively banning new combustion engine vehicles after 2035, the latest sign of push back against environmental regulation. The nations — including France and Italy — said they oppose new exhaust emission rules under the so-called …
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BLOOMBERG German Chancellor Olaf Scholz and Finance Minister Christian Lindner are thrashing out a plan to close a €20 billion ($22 billion) shortfall in the 2024 budget with expenditure cuts in all departments except defense — a move which risks angering their coalition partners, the Greens. Scholz and Lindner have agreed to spending reductions of 2% to 3% for almost …
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BLOOMBERG Facebook owner Meta Platforms Inc was hit by a record €1.2 billion ($1.3 billion) European Union (EU) privacy fine and given a deadline to stop shipping users’ data to the US after regulators said it failed to protect personal information from the American security services. The social network giant’s continued data transfers to the US didn’t address “the risks …
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BLOOMBERG European luxury stocks including LVMH and Gucci owner Kering SA fell as a wave of Covid infections in China weighed on sentiment — extending a rout that’s wiped about $56 billion from the sector over the past two days. Shares in Birkin bag maker Hermes International and UK trench coat company Burberry Group Plc also declined, with concerns about …
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BLOOMBERG Volatility is rising in Thailand’s financial markets amid concern investors will have to wait until August to find out whether a coalition of pro-democracy parties can form a new government.Uncertainty after the May 14 election first triggered an outflow of funds, worsening the rout in Asia’s worst-performing stock market this year and weakening the baht. Stocks then rallied this …
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