August, 2022

• 12 August

  Dubai Clear, Saudi Muqassa to bolster collaboration

    Dubai / WAM Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company “Muqassa”, a subsidiary of Saudi’s Tadawul group, signed a memorandum of cooperation, creating a broad framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line with ...

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• 12 August

  Dubai to host world’s largest gathering of futurists

  

    DUBAI / WAM Dubai Future Foundation will host the world’s largest gathering of futurists in Dubai this year to anticipate what humanity’s future might look like across key areas – from the climate crisis to the continuous progress of artificial intelligence. Between October 10-12, 400 of the world’s leading futurists, experts and innovators will convene at the Museum of ...

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• 12 August

  China says Taiwan can be just like Hong Kong

  

  China has published its first white paper on Taiwan in more than two decades, offering as a blueprint for unification the “one country, two systems” model that it used to recover Hong Kong a quarter of a century ago. The proposal should make chilling reading for those on the self-ruled democratic island. The Hong Kong formula has never held much ...

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• 12 August

  Omicron BA.5 wave is starting to ebb

  

  The Covid wave fueled by the Omicron BA.5 surge is finally starting to ebb in the UK and in some of the harder-hit parts of the US. But why? It’s no longer tenable to argue that disease waves peak and fall primarily because people start taking precautions. People, especially in these two countries, are taking fewer precautions all the time. ...

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• 12 August

  Are the back-to-school discounts booming?

    Inflation is so last season. In many parts of retail, particularly clothing, there’s a sea of red price-reduction stickers washing across stores and websites as retailers mark down their unwanted stock. Shoppers should make the most of these sales — they may be as good as it gets for a while. Many US retailers, led by Walmart Inc and ...

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• 12 August

  Using climate change as a weapon will backfire!

    A central dilemma of US foreign policy today is this: The country that most threatens the American-led global order is also the country whose cooperation is essential to preserving a livable world. That quandary flared anew, when China responded to House Speaker Nancy Pelosi’s visit to Taiwan by terminating bilateral discussions on climate change and other issues. In doing ...

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• 12 August

  Crimea base blast deals blow to Russia’s war machine in Ukraine

  

  Bloomberg Explosions at a Russian airbase in Crimea that Ukraine says destroyed nine fighter aircraft may indicate new Ukrainian offensive capabilities that complicate Kremlin efforts to support its invading forces, according to European intelligence officials and defense analysts. “In just one day, the occupiers lost 10 combat aircraft, nine in Crimea and one more in the direction of Zaporizhzhia,” Ukrainian ...

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• 12 August

  Pelosi says US can’t let China establish ‘new normal’ on Taiwan

  

  Bloomberg House Speaker Nancy Pelosi said the US couldn’t let China establish a “new normal” around Taiwan, hours after Beijing announced plans for regular military patrols near the democratically governed island. Pelosi told a news briefing in Washington that Chinese leaders had been “trying to push their way” toward their goals on Taiwan before she led a congressional delegation there ...

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• 12 August

  South Korea says missile shield ‘not negotiable’ with China

  Bloomberg South Korea said the possible operation of a controversial American-made missile shield was “not negotiable,” pushing back at China’s efforts to hold President Yoon Suk Yeol to his predecessor’s pledge to freeze its deployment. Decisions on the deployment of Lockheed Martin Corp.’s Terminal High-Altitude Area Defense system was a matter of South Korea’s self-defense, a senior presidential official told ...

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• 12 August

  India’s central bank tightens rules on digital lending after complaints

  

  Bloomberg India’s central bank released guidelines for digital lending, targeted at bringing transparency and data protection to the business after complaints started mounting over unfair recovery practices, with many players capitalizing on borrowers’ lack of financial literacy. The Reserve Bank of India (RBI released the guidelines on Wednesday, which direct operators to display all inclusive costs of the digital loan ...

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