April, 2023

• 1 April

  Worst streak in 22 years seen ushering in Indian stock rally

  

  BLOOMBERG With a key Indian stock benchmark about to notch its longest stretch of monthly losses in more than two decades, some analysts see the $3 trillion market positioning to bounce back. The NSE Nifty 50 Index is on track for its fourth-straight monthly decline, its worst losing streak since 2001. The gauge is down nearly 9% in that span ...

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• 1 April

  US equity futures rise after inflation data, bonds drift

  

  BLOOMBERG US equity futures edged higher after a key measure of US inflation stepped down in February by more than expected, and consumer spending stabilised, suggesting the Federal Reserve may be close to the end of its rate-hiking campaign. The dollar pared an advance. Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index ...

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• 1 April

  Putin inks new Russia foreign policy against ‘hostile’ west

  

  BLOOMBERG President Vladimir Putin approved a new Russian foreign policy concept that set out to confront the US and its allies, claiming an “era of revolutionary changes” was under way in international relations. The US is “the source of fundamental risks to the security of the Russian Federation” and most European states are pursuing an “aggressive policy” aimed at undermining ...

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• 1 April

  Pakistan police arrest scores of ex-PM Imran Khan’s supporters

  

  BLOOMBERG Thousands of supporters of Imran Khan, Pakistan’s former prime minister, were arrested by security officials in recent weeks, escalating political tension ahead of national elections this year. The police have detained more than 2,100 party workers, according to Fawad Chaudhry, Khan’s aide. He said the whereabouts of many are unknown. Senior leaders of Pakistan Tehreek-e-Insaf, the party Khan founded, ...

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• 1 April

  Japan, China connect military hotline to reduce tensions

  

  BLOOMBERG Japan and China finished setting up a military hotline aimed at reducing tensions between the two largest economies in Asia, just ahead of a rare meeting of their foreign ministers in Beijing. The installation of equipment and lines has been completed, Japan’s Ministry of Defense said on Friday in a statement, calling it a “linking mechanism” that will build ...

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• 1 April

  IMF needs billions from rich nations to help poorest countries: Georgieva

  

  BLOOMBERG The International Monetary Fund (IMF) is calling on its wealthier member nations to contribute to a trust for the poorest countries that is short billions of dollars at a time of rising demand from economies in debt distress. The IMF needs about $6.3 billion to meet its fundraising target for the Poverty Reduction and Growth Trust, its main vehicle ...

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• 1 April

  Thirty-five dead after roof of temple collapses in India

  

  LUCKNOW (INDIA) / WAM At least 35 people were killed and 16 were injured after the roof of a stepwell in a temple complex collapsed in central India, Reuters quoted a local government official as saying on Friday. The incident occurred in the central Indian city of Indore after a concrete slab covering the roof of a stepwell in a ...

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• 1 April

  7th edition of Sheikha Fatima bint Mubarak Programme for Excellence and Societal Intelligence launches in Abu Dhabi

  

  ABU DHABI/ GULF TIME Chaired by Theyab bin Mohamed bin Zayed in presence of Zayed bin Hamdan bin Zayed, as Vice-Chairman, 7th edition of Sheikha Fatima bint Mubarak Programme for Excellence and Societal Intelligence has launched in Abu Dhabi, supporting leadership in social development. The annual programme awards winners in 17 categories across individual excellence, teamwork, and supporting entities areas, ...

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• 1 April

  MBRL launches initiative to enrich UAE libraries

  

  DUBAI / WAM In conjunction with the UAE Reading Month, Mohammed Bin Rashid Library (MBRL) launched “A World Reads” initiative, in collaboration with local publishers, special-publication institutions, and a select group of authors and writers, to support and enrich school libraries, Readers’ clubs, cafés and government departments. Dr Mohammed Salem Al Mazrooei, Board Member of the MBRL Foundation, said, “The ...

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• 1 April

  AD Ports group invests in latest VTMIS technology

  

  ABU DHABI / WAM AD Ports group is to implement a state-of-the-art Vessel Traffic Management Information System (VTMIS) across its UAE operations, as the company continues to invest in innovative solutions to drive safety, security and efficiency. The new technology is set to be installed across Khalifa Port, Zayed Port, Free Port, Musaffah Port, and Al Dhafra region ports. The ...

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