Bloomberg Chile’s central bank announced plans to support the nation’s currency after it plummeted to a record low, fuelling inflation that’s already almost quadruple target rate. Policy makers announced a $25 billion currency intervention, adding it will last from July 18 to September 30. The program includes spot dollar sales of as much as $10 billion and foreign-exchange hedge ...

  Bloomberg Hyundai Motor Co unveiled a sedan version of its cult electric vehicle, with an interior that can beam different colours depending on the speed of the car, as the automaker continues its ambitious EV push with an eye on challenging rivals such as Tesla Inc. and General Motors Co. The Ioniq 6 can travel up to 610 kilometers ...

Bloomberg Meta Platforms Inc will start letting more users create multiple profiles with their Facebook accounts, the company’s latest attempt to encourage posting and sharing on its social network. As part of a test, certain Facebook members will be able to create as many as four additional profiles, and each one won’t need to include a person’s real name or ...

  Bloomberg The Toyota Crown, a car known for ferrying around Japan’s corporate and political elite, is set for the global stage from next year with plans to release versions in 40 countries and regions. Toyota Motor Corp is betting the move will breathe new life into the historic yet largely niche brand, which has almost exclusively been sold in ...

  Bloomberg TikTok named a new head of security as the popular video app has come under increasing scrutiny from congress and other US officials over concerns that user data could wind up in China. Kim Albarella was appointed to serve as interim head of TikTok’s Global Security Organization, the company said in a statement. She will oversee the transition ...

Bloomberg Europe’s oil and gas giants, flush with cash from soaring prices, are considering whether to turbo-charge their transition to clean energy with multibillion-dollar acquisitions of major renewable energy producers. Shell Plc, TotalEnergies SE and Equinor ASA are among the companies that have evaluated the suitability of European utilities for takeovers. Potential targets include some of the region’s largest wind ...

  RAS AL KHAIMAH / WAM The emirate of Ras Al Khaimah has seen a 14% increase in non-oil foreign trade in 2021, surging from AED 14.78 billion in 2020 to AED 16.83 billion in 2021, according to RAK Centre for Statistics and Studies. Exports accounted for the largest portion of the emirate’s total non-oil foreign trade, reaching 57%, at ...

  Dubai / WAM Zayed University and the Al Ghurair Foundation for Education announced that over 2,500 Emirati students have been enrolled in online programmes to equip them better for the workplace, as the two entities mark World Youth Skills Day, celebrated on July 15. The two entities celebrated the achievement, after marking the second anniversary of their successful partnership, ...

  Dubai / WAM Emirates Development Bank (EDB) has announced the signing of a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai. The agreement will extend financing to both capital investment and operational expenditures, allowing it to fulfill its expansions plans and while accessing ...

  Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, has been named ‘Environmental Airline of the Year 2022’ in the annual Airline Ratings awards. The ranking recognises Etihad’s industry-leading strategy to improve aviation sustainability for both the airline itself and the entire industry. The UN Framework Convention on Climate Change chose the UAE as host for ...