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Spain to ditch outdoor masks rule next week

  Bloomberg Spain’s government will suspend the obligation to wear the face masks outdoors as soon as next week, Cadena Ser reported. The order, which was reintroduced last December to stem the Omicron variant, will take effect by next Wednesday, the radio station said, citing people in the government it didn’t identify. The news comes as the latest coronavirus wave ...

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UK car sales jump 28% in January

  Bloomberg UK car sales rebounded the most in seven months in January thanks to surging demand for battery-powered vehicles. New-car registrations rose 28% last month, according to data from the Society of Motor Manufacturers and Traders. One in five buyers opted for a car with a battery, with shipments of fully electric vehicles more than doubling and plug-in hybrids ...

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Zuckerberg tells staff to focus on video as Meta plunges

  Bloomberg Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. His red, teary eyes were the result of a scratched cornea, the Facebook founder said, attempting to lighten the mood as Meta Platforms Inc.’s stock price lost more than a quarter of its value. At a company-wide virtual meeting, Zuckerberg explained that ...

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Strategists see surging equity flows while bonds get dumped

  Bloomberg A wild start to the year for global equity markets hasn’t deterred investors, with data showing ever-increasing inflows in stock funds while bonds and cash are being dumped. Equity funds attracted $21.8 billion in the week to February 2, bringing the year-to-date total to $106 billion, according to Bank of America Corp (BofA) strategists tracking EPFR Global data. ...

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Extreme foreign selloff in India stocks may ease

  Bloomberg If history is a guide, the heaviest selling by foreigners of Indian stocks since the global financial crisis is poised to end, with any turnaround likely to be led by stocks with major holdings among the overseas investors. That’s the view from Bloomberg Intelligence after foreign institutional investors net-sold $10 billion of local stocks since October, the most ...

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Adnoc announces major gas discovery offshore Abu Dhabi

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Thursday the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni,indicate between 1.5 – 2 trillion standard cubic feet (TSCF) of raw gas in place. ...

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UAE to host SpaceOps for first time in Arab world

Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Thursday announced that it is all set to host the 17th International Conference on Space Operations (SpaceOps 2023), one of the world’s leading and premier space events at the World Trade Centre in Dubai, UAE. The event, being held for the first time ever in the Arab world, is ...

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Aldar to boost education portfolio with further AED1bn investment

  ABU DHABI / WAM Aldar Properties (Aldar) announced plans to invest AED1 billion into Aldar Education, its wholly owned subsidiary, and the largest premium school operator in Abu Dhabi. With 80 percent of the investment already committed and planned for deployment over the next three years, Aldar will diversify its education portfolio and expand its offering to widen the ...

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