April, 2023

• 18 April

  Fatima Al Blooshi named as director of Abu Dhabi Businesswomen Council

  

  ABU DHABI / WAM The Abu Dhabi Businesswomen Council, a subsidiary of the Abu Dhabi Chamber, has appointed Fatima Helal Al Blooshi as a director of the council, to lead the development of women’s role in the private sector and enable them to be a key partner in the emirate of Abu Dhabi’s sustainable economic development. Al Blooshi is a ...

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• 18 April

  ‘UAE-China partnership will be key asset to COP28 Presidency’

  

  BEIJING / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, has concluded a two-day trip to China, where he held a series of bilateral meetings, including with Ding Xuexiang, First Vice Premier of China; Zhao Chenxin, Vice Chairman of the NDRC; Huang Runqiu, Minister of Ecology and Environment; Xie Zhenhua, Special Envoy ...

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• 18 April

  European gas prices edge up amid calm weather forecast

  

  BLOOMBERG European natural gas prices moved higher amid a forecast for colder and calmer weather that could boost demand at a time when production outages are set to limit volumes available for refilling stockpiles. Germany is due to see unusually low temperatures this week, while a cold spell is expected in the UK next week, according to forecaster Maxar Technologies. ...

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• 18 April

  Apple India sales near $6b as Cook begins retail push

  

  BLOOMBERG Apple Inc’s sales in India hit a new high of almost $6 billion in the year through March, highlighting the market’s increasing importance for the iPhone maker as Chief Executive Officer Tim Cook arrived in the country to open its first local stores. Revenue in India grew by nearly 50%, from $4.1 billion a year earlier, according to a ...

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• 18 April

  Volkswagen unveils ID.7 electric sedan in fight for market share in China

  

  BLOOMBERG Volkswagen AG’s namesake brand is unveiling its first fully electric sedan, as the carmaker struggles to move past software setbacks that have hurt sales in markets from Europe to China. The spacious ID.7, which starts at less than €60,000 ($66,000), marks a key effort to compete with Tesla’s Model 3 and a range of Chinese startups. With the launch ...

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• 18 April

  Google slides on report Samsung may consider Bing for search

  

  BLOOMBERG Alphabet was headed for its biggest single-day decline in more than two months following a report that Samsung Electronics is considering replacing Google with Microsoft’s Bing as the default search engine on its devices. Suwon, South Korea-based Samsung, the world’s leading smartphone maker, is considering making the switch, the New York Times reported, estimating that roughly $3 billion in ...

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• 18 April

  Infosys slumps most in three years on weak guidance

  

  BLOOMBERG Infosys Ltd nosedived 15%, the biggest intraday slump since October 2019, after the company’s guidance painted a negative outlook for India’s technology sector following turmoil at US and European banks. The IT services firm was hit by a wave of downgrades after saying sales growth will be just 4% to 7% this financial year because of a reduction in ...

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• 18 April

  Putin stages surprise visit to troops in occupied Ukraine

  

  BLOOMBERG Russian President Vladimir Putin visited troops in two occupied regions of Ukraine, according to video by the Kremlin, marking the second time in a month he’s toured territory seized in the more than year-old invasion. Putin was shown meeting officers of the Vostok National Guard in the eastern Ukrainian region of Luhansk and at the headquarters of the Dnepr ...

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• 18 April

  Russia court rejects WSJ reporter’s appeal of spying arrest

  

  BLOOMBERG The Moscow City Court rejected an appeal by Wall Street Journal (WSJ) reporter Evan Gershkovich against his detention on allegations of espionage in a high-profile case that’s highlighted the growing pressure on journalists in Russia. Gershkovich, 31, appeared smiling in the glass defendant’s cage when media were allowed into the courtroom before the hearing. It was the first time ...

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• 18 April

  Bangladesh garment factories at fire risk as temperatures soar

  

  BLOOMBERG Bangladesh’s garment factories, a key source of foreign exchange for the South Asian nation, face the heightened risk of fires as summer temperatures soar, an industry lobby group warned. The Bangladesh Garment Manufacturers and Exporters Association, the main industry body in the world’s No 2 exporter after China, issued 11 instructions to its 4,500 members over the weekend. These ...

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