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UAE, Uruguay discuss ways of boosting parliamentary ties

  MONTEVIDEO / WAM Saqr Ghobash, Speaker of the UAE Federal National Council (FNC), and Pablo Lanz, Chairman of the International Relations Committee of the Senate of Eastern Uruguay, discussed enhancing parliamentary relations and stressed the importance of joint cooperation and coordination regarding international issues of common interest. Saqr Ghobash is leading a parliamentary delegation on an official visit to ...

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France denies it’s mulling halting power exports to Italy

  Bloomberg France denied a report that it’s considering cutting power exports to Italy, saying it’s committed to maintaining power supply to its European neighbours. France “reaffirms its commitment to reciprocal solidarity regarding gas and electricity with all our European neighbours,” the energy transition ministry said in a statement. “Fully functioning electric interconnections are a priority for collective supply security.” ...

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Monarchy is Britain’s most successful (re) invention

All week, a river of mourners has queued for hours alongside the banks of the Thames in London to pay their respects to their longest-reigning monarch as she lies in state in Westminster Hall. Tens of thousands also lined the narrow streets of Edinburgh to gaze on the hearse bearing the Queen’s body last week. Pilgrimage to bid farewell to ...

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When nurses battle for public support

More than 15,000 nurses in Minnesota who staged a three-day strike aren’t just fighting for better pay and working conditions, they’re battling to secure public support — especially as evidence mounts that patients will die in their absence. A century’s worth of sentimental blather about nursing as selfless women’s work has left Americans ill-equipped to grasp the severity of the ...

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India’s economy stuck short of escape velocity

  India’s official statisticians reported 13.5% growth in the April to June quarter of this year. This meant that the country whooshed into top place as the world’s fastest-growing large economy — and, incidentally, replaced Great Britain as the world’s fifth-biggest economy. Unfortunately, that’s where the good news about India’s growth prospects ends. Those GDP numbers were actually a disappointment, ...

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Putin discovers limits of China’s Xi friendship

  There were “no limits” to their bonds, declared the leaders of Russia and China earlier this year. More than six months, one messy invasion and a plethora of Western sanctions later, it turns out that perhaps there were a few. The slogan didn’t even appear to surface in the comments by Chinese President Xi Jinping and Russian leader Vladimir ...

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FedEx’s warnings highlight economic risks, its own issues

  Bloomberg FedEx Corp’s profit warning this week hit a nerve with global markets already jittery over the state of the economy. Shares of the delivery giant sank 21% last week, wiping out $11 billion in market value, and dragging the broader market to its worst week since June, as the results fuelled concern of weaker e-commerce and business-to-business activity. ...

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Warren urges DOT to block JetBlue’s $3.8b Spirit deal

Bloomberg Senator Elizabeth Warren urged federal airline regulators to block JetBlue Airways Corp’s proposed merger with Spirit Airlines Inc. by invoking a rarely used authority from the 1950s to argue that the $3.8 billion deal isn’t “consistent with the public interest.” In a letter to Transportation Department Secretary Pete Buttigieg, Warren, a Massachusetts Democrat, said the agency could use its ...

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Virgin Australia not in a hurry to get back into long-hauls

  Bloomberg Virgin Australia is reluctant to resume long-haul services even as demand for international travel soars, Chief Executive Officer Jayne Hrdlicka said, as the airline seeks to rein in costs and prepares for an initial public offering as soon as next year. “Anything that we did from a long-haul standpoint would have a very high hurdle on it,” Hrdlicka ...

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