Bloomberg Tanzania’s central bank said inflation remains low, within its target range of 3% to 5%, despite a recent increase in oil prices, and that the risk to the outlook is moderate. The improving global economy will provide “great impetus” to a recovery in Tanzania, the central bank’s Monetary Policy Committee said in a statement Saturday following its latest meeting. ...

Bloomberg The Reserve Bank of India (RBI) is considering a “phased introduction” of a central bank digital currency as it will need legal changes to be made in the nation’s foreign-exchange rules and information-technology laws, Deputy Governor T. Rabi Sankar said. Delivering a speech to outline the RBI’s plans, Sankar said that policymakers were considering running pilot programs for the ...

Bloomberg On its website, Mercedes-Benz describes the 2021 Mercedes-AMG GT63 S as “a four-door supercar.” This is a bit much, notwithstanding the fact that at 16 mpg in the city, it is about as thirsty as one. Mention a supercar built for four and image of the $1.7 million Koenigsegg Gemera would spring to mind, or the menacing and tactical ...

Bloomberg Intel Corp Chief Executive Officer Pat Gelsinger said the worst of a sales slump has passed and struck a bullish tone about the chipmaker’s prospects for the rest of the year and beyond. Investors are waiting to see proof that the company can regain dominance in semiconductor industry. The key to winning them over will be Gelsinger’s ability to ...

Bloomberg Tesla Inc has sought lower taxes on import of electric vehicles in India, people with the knowledge of the matter said, as it looks to commence operations in Asia’s third-largest economy. The California-based maker of electric vehicles has written to the transport and industry ministries for reducing import duty on electric cars to 40% from the current range of ...

Bloomberg Chinese regulators are set to order Tencent Holdings Ltd. to give up exclusive rights to music labels, Reuters reported. The company will also receive a 500,000 yuan ($77,227) fine for misreporting the acquisition of two apps, according to the report. The penalties are the result of an investigation by the State Administration of Market Regulation into affiliate Tencent Music ...

WASHINGTON / WAM Concluding a weeklong visit to Washington, DC, Dr Anwar Gargash, Diplomatic Advisor to the President His Highness Sheikh Khalifa bin Zayed Al Nahyan, called the UAE-US relationship as strong as it has ever been and noted that the US is the UAE’s “most important and enduring strategic partner”. During his visit, Dr Gargash met with senior Biden ...

Manama / Emirates Business Trade between the UAE and Bahrain has seen a significant rebound since the pandemic with non-oil bilateral trade between the countries increasing by 75% year-on-year in Q2 2021. UAE-Bahrain trade reached $672 million in the second quarter of this year, accounting for around 40% of Bahrain’s GCC trade, according to the latest figures released by Bahrain’s ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, exchanged through a telephone call Eid al-Adha greetings with His Majesty Sultan Haitham bin Tariq bin Taimur Al Said of Oman. HH Sheikh Mohamed bin Zayed conveyed to the Sultan of Oman the greetings ...

Dubai / WAM Over the past years, the UAE has succeeded in becoming one of the world’s most successful countries in attracting foreign investment due to a range of factors and incentives that earned it its status as a preferred destination for investors. The UAE boasts a vibrant and prosperous business environment that excels at attracting foreign direct investment (FDI), ...