March, 2022

• 22 March

  Italy can withstand slowdown without risk to debt: Draghi

  

    Bloomberg Italy’s economy is strong enough to handle a slowdown and its debt will remain manageable even as European Central Bank stimulus winds down, Prime Minister Mario Draghi said. “I don’t see risks for Italy’s debt,” he said after a meeting of European Union leaders in Versailles, France. “We are ready to withstand a temporary slowdown in growth, and ...

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• 22 March

  Ukraine war: 100 UK-listed firms warn of negative effects

    Bloomberg More than 100 UK-listed companies have warned of negative effects from the war in Ukraine, with few of them so far quantifying the impact on their earnings, according to research by Bowmore Asset Management. The majority of the 115 companies the firm identified cautioned about effects specific to their businesses in the region, while many others referred to ...

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• 22 March

  Brazil blocks Telegram messaging service in crackdown on fake news

  

    Bloomberg Brazil’s Supreme Court banned the popular messaging service Telegram, in a widening crackdown on what authorities describe as fake news and hate speech in the lead-up to presidential elections later this year. Justice Alexandre de Moraes ordered internet providers and digital stores to block the app after repeated attempts by the federal police to get in touch with ...

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• 22 March

  China stocks slip as absence of policy measures adds to worries

  

    Bloomberg Chinese equities fall on Monday as traders remained concerned about whether there would be adequate policy support to spur growth after lenders left the borrowing costs unchanged. The CSI 300 Index closed down 0.2% after falling as much as 1%. Rate-sensitive financial firms and property developers weighed on the market. The Hang Seng China Enterprises Index, which tracks ...

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• 21 March

  Blackstone plans fund for people with millions not billions

  

    Bloomberg Dentists, surgeons and other suburban millionaires don’t loom large on the client rosters of buyout funds run by the most elite investment companies. But inside Blackstone Inc, plans are afoot to develop its first private equity fund targeting such individuals as part of a project codenamed “BXPE.” The goal: build new war chests that would eventually gather tens ...

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• 21 March

  Arab coalition intercepts Houthi attacks targeting Saudi facilities

  

    Riyadh / WAM Arab coalition has intercepted terrorist Houthi militia’s latest attacks targeting Saudi civilian objects and economic installations. Brigadier General Turki Al-Malki, the Official Spokesperson of the Coalition to Restore Legitimacy in Yemen, has said that the Houthi militia has escalated its hostile, cross-border attacks towards the Kingdom last night and earlier this morning, targeting civilian objects and ...

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• 21 March

  World’s biggest oilfield service providers halt future Russia work

  

  Bloomberg The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other. Baker Hughes Co said it’s suspending new investments in Russia operations but continuing with existing work there, according to a statement. That followed a similar statement ...

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• 21 March

  Abu Dhabi sees increased happiness, satisfaction rates

  

    Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi has announced that the quality of life indicators in the emirate show increased happiness and satisfaction rates. This was announced on a day that coincides with International Day of Happiness, on 20th March, and is considered one of the most important days declared by the United ...

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• 21 March

  Deal signed to improve cyber maturity of govt entities in UAE

  

    ABU DHABI / WAM The UAE Cyber Security Council and UAE-based cyber solutions and services company, Cyber Protection X Holding LLC (CPX), signed an MoU to work together to enhance the cyber maturity of government entities in the UAE. The MoU, which was signed at Gisec, the largest cyber security event in the Gulf region, currently underway in Dubai, ...

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• 21 March

  Estonia marks its National Day at Expo 2020

    Dubai / WAM Estonia celebrated its National Day at Expo 2020 Dubai on Sunday with a strong focus on its status as one of the world’s most digitally-advanced societies. Alar Karis, President of the Republic of Estonia, was welcomed by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner-General of Expo 2020 Dubai. On this ...

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