December, 2022

• 20 December

  ADJD launches campaign for workers in labour camps

    Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has launched an extensive awareness campaign for workers in labour camps in the emirate of Abu Dhabi, aiming to further the dissemination of legal culture among workers and to make them aware of their rights and duties guaranteed by the law in the UAE, particularly with the implementation of ...

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• 20 December

  EDB named ‘best micro finance bank in Mideast’

    Abu Dhabi / WAM Emirates Development Bank (EDB), one of the key financial engines for the economic development and industrial advancement of the UAE, announced its recognition for Best Micro Finance Bank in the Middle East by the 2022 Global Banking & Finance Awards. The Best Micro Finance Bank Middle East 2022 award falls under the Micro & SME ...

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• 20 December

  Edge partners with Adma for fire safety, maritime training

  

    Abu Dhabi / WAM Edge group entity, Jaheziya, a single-stop service provider for defence solutions and emergency response services, and Abu Dhabi Maritime Academy (Adma), a world-class maritime education and training institute, part of AD Ports group, announced on Monday they have signed a memorandum of understanding (MoU) to expand regional fire safety and maritime training programmes. As per ...

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• 20 December

  Retailers dangle credit to get UK holiday shoppers spending

  

    Bloomberg British retailers are drumming up new credit offers to encourage shoppers to spend more during one of the most challenging Christmas periods for business in years. For the first time in a decade, department store John Lewis Partnership Plc, a favourite of middle-class Britons, has lowered the threshold for interest-free loans to £500 ($608) from £1,000. High Street ...

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• 20 December

  L3Harris to buy Aerojet Rocketdyne in $4.7b deal

  

    Bloomberg L3Harris Technologies Inc has agreed to buy rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at about $4.7 billion. L3Harris will pay $58 per share in the all-cash transaction, which includes debt, the company said in a statement. The transaction price represents a 37% premium to what Aerojet cited in an investor document as its ...

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• 20 December

  Woolworths sells Australia’s David Jones chain to Anchorage

  

    Bloomberg Woolworths Holdings Ltd. agreed to sell Australia’s oldest department store chain David Jones to Anchorage Capital Partners, ending an expensive misstep for the South African retailer. The deal will remove about 17 billion rand ($965 million) of liabilities related to the David Jones store portfolio, Woolworths said in a statement. Management expects to get more than the carrying ...

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• 20 December

  Peru reopens some airports ahead of debate over vote

  

    Bloomberg Peru’s government is reopening some airports ahead of another attempt by congress to approve early elections to calm protesters and alleviate the country’s political crisis. The airport in Juliaca, in southern Peru, will resume operations while the airport in the south-central city of Ayacucho could resume operations on Tuesday, Transport Minister Paola Lazarte said in a tweet from ...

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• 20 December

  Amazon hit with strike campaign in Germany

    Bloomberg German labour union Verdi called on Amazon.com Inc warehouse workers to go on strike across the country during the holiday season, seeking to press the company for higher pay and to join collective bargaining agreements. The timing and location of individual walkouts won’t be announced in advance, the union said in a statement. Amazon didn’t immediately respond to ...

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• 20 December

  EDF delays reactor restarts in further blow to energy supply

  

    Bloomberg Electricite de France SA (EDF) extended maintenance halts at two nuclear reactors by four months and warned it may have to carry out lengthy repairs at seven others next year, further straining European power supplies. The world’s largest nuclear fleet has suffered prolonged shutdowns this year that have left Europe even more reliant on natural gas at a time ...

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• 20 December

  US won’t help fund China’s chip ambitions: Emanuel

  

    Bloomberg The US is “not in the business” of aiding rival chip-producing countries, Ambassador to Japan Rahm Emanuel said, as the White House steps up efforts to deny China access to American technology. “It’s one thing if you’re going to have competition,” Emanuel said in an interview with Bloomberg Television. “The other thing is if you actually help the ...

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