February, 2021

• 25 February

  UAE ministry, Tawazun sign deal for cooperation on R&D activities

  

  Abu Dhabi / WAM The Ministry of Defence (MoD) and Tawazun Economic Council (Tawazun) have signed an MoU to establish and organise Research and Development (R&D) planning and execution for the defence and security sectors. The MoU was signed by Major-General Staff Pilot Ishaq Saleh Al-Balushi, Assistant Undersecretary for Industries, Ministry of Defence and Tareq Abdulraheem Al Hosani, Chief Executive ...

  Read More »
• 25 February

  UAE to celebrate 60th Kuwaiti National Day

  

  Abu Dhabi / WAM The United Arab Emirates will celebrate, on Thursday, the 60th National Day of Kuwait, which underscores the close ties and strong strategic partnership between the two countries. The UAE will host a series of distinguished activities to celebrate the annual National Day of Kuwait, which takes place on February 25. The celebrations will include illuminating the ...

  Read More »
• 25 February

  Can US Democrats avoid another midterm debacle?

  

  We’re a little more than a year away from the first round of primary elections in the runup to the 2022 midterms. It’s far too early to have any idea what the outcome will be. But it’s not too early to start paying attention. (Sort of.) Party actors are certainly paying attention. They’re starting to make decisions that will, to ...

  Read More »
• 25 February

  Are investors happy with retailers?

  

  Home Depot Inc and Macy’s Inc can be thought of as the polar opposites of pandemic retailing: The home-improvement giant has been a chief beneficiary of the boom in purchases to make stay-at-home living comfortable, while the department store chain has been pummeled by a dearth of demand for new clothes. Though the pandemic has affected them in opposite ways, ...

  Read More »
• 25 February

  Summer of freedom may be great in UK

  While Britain’s vaccination program has been going full-tilt, life in the country remains in suspended animation. A new strategy was overdue, but which one? Many lawmakers in Boris Johnson’s Conservative Party have been demanding that he lift lockdown restrictions and reopen the economy. Infections, hospitalisations and deaths have been on a downward slope, helped by social distancing and perhaps seasonal ...

  Read More »
• 25 February

  In Frankfurt, the problem is bond yields are rising

  It’s less than a year since European Central Bank (ECB) President Christine Lagarde was forced to backtrack after her comment that “we’re not here to close spreads” roiled bond markets. As rising US Treasury yields drive European borrowing costs higher, she now faces the prospect of having to intervene to cap outright levels. With commodity prices near an eight-year high, ...

  Read More »
• 25 February

  Biden, Trudeau bypass tension for unity on virus, China, climate

  

  Bloomberg Joe Biden and Canadian Prime Minister Justin Trudeau said their nations would adopt a unified approach toward the pandemic, climate change and China, setting aside trade and other tensions in what the White House called the new US president’s first bilateral meeting. After about a two-hour virtual meeting between the two leaders and their staffs, Biden said that they ...

  Read More »
• 25 February

  Trump will win 2024 GOP nomination if he runs, says Romney

  

  Bloomberg Republican Mitt Romney said Donald Trump likely would win the GOP presidential nomination if he decided to run again in 2024. The Utah senator, the only Republican who voted to convict Trump in both of his impeachment trials, said he expects the former president will continue to play a big role in the Republican Party even though he was ...

  Read More »
• 25 February

  GOP voters’ post-riot departures help Trump’s base cement grip

  

  Bloomberg Tens of thousands of Republicans have left the party in the weeks since the January 6 riot at the US Capitol, a move that sidelines members who could have loosened Donald Trump’s ever-tightening grip on the GOP. In six key states, 57,000 voters have quit the GOP, becoming Democrats, Libertarians or just unaffiliated, according to a Bloomberg analysis. Nationally, ...

  Read More »
• 25 February

  China army trains HK police to march with ‘goose steps’

  Bloomberg China’s People’s Liberation Army (PLA) trained Hong Kong police cadets on a style of marching that’s used in the mainland for ceremonies, paving the way for the city to take another symbolic step toward shedding its British colonial past. China’s PLA garrison in Hong Kong recently conducted the training to help enhance the local police force’s knowledge and skills ...

  Read More »