January, 2022

• 31 January

  DBS to buy Citigroup Taiwan consumer bank assets

  

    Bloomberg DBS Group Holdings Ltd. agreed to buy Citigroup Inc.’s consumer banking assets in Taiwan, as Southeast Asia’s largest lender pushes ahead with plans to boost its regional presence. The Singapore bank will pay cash for Citi Consumer Taiwan’s net assets plus a premium of S$956 million ($707 million), which will be determined at the close of the deal ...

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• 31 January

  AmEx boosts revenue, profit forecasts

    Bloomberg American Express Co is putting the pandemic behind it, boosting forecasts for revenue and profit after spending on its cards surged to a record. Revenue will climb as much as 20% this year while earnings could reach $9.25 to $9.65 a share, the company said in a statement. AmEx has long said 2022 would be the year it ...

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• 31 January

  Maserati MC20 test-drive reveals simple joy

  

  Bloomberg Excessively loud, exceedingly rare, and bursting at the seams with Italian luster, the Maserati MC12 is considered by collectors to be the most desirable car ever produced by the 107-year-old brand. Values surge easily past $2 million for the 50 street versions and 12 racing versions produced for only four months between 2004 and 2005. The modern version of ...

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• 31 January

  Google to invest $1bn in India’s second-largest phone operator

  

    Bloomberg Google will invest as much as $1 billion in India’s second-largest mobile phone operator, as firms race to offer inexpensive data and digital offerings in the only billion-people-plus market still open to foreign companies. Alphabet Inc, which owns the Google search engine, will pay $700 million for a 1.28% stake in Bharti Airtel Ltd., the New Delhi-based company ...

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• 31 January

  Lamborghini to bid farewell to pure combustion cars

  

    Bloomberg Lamborghini is gearing up for the final lap of combustion engines powering coveted models like the Aventador as the sports-car maker switches its line-up to plug-in hybrids. The Volkswagen AG brand with the track-focused Aventador, Huracan and Urus SUV models will unveil its first production car with a plug next year before electrifying its full offering by 2024. ...

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• 31 January

  WhatsApp depicts regular SMS as unsafe

  Bloomberg WhatsApp, the popular messaging app owned by Meta Platforms Inc, is pushing its privacy features in a new US marketing campaign that compares a standard text message to mail that was opened before it was delivered. The campaign promotes end-to-end encryption, technology that WhatsApp uses so that user messages only exist on the device where a message was sent ...

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• 28 January

  UAE provides AED23bn in aid to Yemen from 2015 through 2021

  

    ABU DHABI / WAM The UAE provided Yemen with nearly AED23 billion in aid from 2015 through 2021. Of the total aid value, AED10.94 billion accounted for aid to support general programmes, AED4.54 billion as commodities aid, AED2.67 billion in assistance to the healthcare sector, AED1.78 billion for the power generation and supply sector, AED780 million for government and ...

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• 28 January

  UAE delivers one million Covid-19 vaccines to Gaza

  

    GAZA / WAM The Ministry of Health in the Gaza Strip has received a medical supplies convoy provided by the UAE, containing one million doses of the Sputnik V vaccine to fight Covid-19. The convoy arrived in the Gaza Strip through the Rafah Border Crossing, and is the largest medical support of its kind provided by the UAE to ...

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• 28 January

  Dubai realty deals hit record AED15.68bn in December ’21

  

    Dubai / WAM 2021 witnessed an exceptional performance for Dubai’s real estate market, supported by the results and numbers in December, whether in terms of real estate sales transactions, or the monthly index numbers. December 2021 witnessed the registration of 5,601 sales transactions worth AED15.68 billion, resulting in over 84,196 total transactions in 2021 worth AED 300 billion, which ...

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• 28 January

  Iata tells governments to ease travel curbs

  

    GENEVA / WAM The International Air Transport Association (IATA) has urged governments to accelerate the relaxation of travel restrictions as Covid-19 continues to evolve from the pandemic to endemic stage. Iata called for removing all travel barriers (including quarantine and testing) for those fully vaccinated with a WHO-approved vaccine, enabling quarantine-free travel for non-vaccinated travellers with a negative pre-departure ...

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