February, 2021

• 4 February

  UK seeks consultations on new post-Brexit subsidies system

  

  Bloomberg The UK is launching a consultation on its post-Brexit subsidies system, which the government has hailed as a “significant milestone” in the country’s future outside the European Union (EU). The new UK-wide “subsidy control system” will replace the EU’s state aid regime, which was a major stumbling block in Brexit talks last year. Prime Minister Boris Johnson’s government believes ...

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• 4 February

  Nestle in talks to sell US bottled water unit to One Rock

  Bloomberg Nestle SA is in talks to sell its US bottled-water business to private equity firm One Rock Capital Partners, according to a person familiar with the matter. The deal could fetch more than $4 billion and be announced as soon as this month, the person said, asking not to be identified as the matter is private. Talks are ongoing ...

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• 4 February

  Parts of Britain already hitting 2030 carbon targets: Report

  

  Bloomberg Regions of the UK powered by a combination of nuclear and wind are already hitting 2030 climate targets, according to an industry report. Britain has pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations to put the UK at the vanguard of the fight against climate change. The prime minister’s goal to slash pollution ...

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• 3 February

  Global stocks extend rally to third day as earnings roll in

  

  Bloomberg The rally in global stock markets extended into a third day on Wednesday as companies from Amazon.com Inc. to Vodafone Group Plc posted strong results and the retail-trading frenzy subsided. The Stoxx 600 Index climbed 0.7%, with most sectors in the green as corporate results rolled in. Italian stocks and bonds surged after Mario Draghi, the former European Central ...

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• 3 February

  GameStop’s giant bubble deflates further after $27 billion rout

  

  Bloomberg GameStop Corp. shares continued their rapid fall back toward earth on Wednesday, with last week’s massive peak becoming a distant memory. The stock listed on Germany’s Tradegate venue falls to $71.99, implying a drop of about 20% from Tuesday’s New York closing price of $90. GameStop, the poster child for Redditors looking to squeeze short sellers, plunged 60%, and ...

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• 3 February

  South Korea to extend stock short-selling ban until May 2

  Bloomberg South Korea bowed to pressure from its increasingly dominant retail investors and extended its pandemic-imposed ban on short-selling until May 2. The ban, which had been scheduled to expire on March 15 — a year after it was put on place — will be lifted on May 3 for stocks on the benchmark Kospi 200 Index and the small-cap ...

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• 3 February

  UAE launches programme to draw world’s elite graduates to help shape its future

  

  DUBAI / WAM The UAE Government has launched a programme to attract elite graduates from distinguished educational institutions in the UAE and the world, and involve them in creating innovative solutions for the UAE’s future. The “Moonshot 2071” Apprenticeship Programme, will seek to develop pioneering ideas for the UAE’s next 50 years, and design the future of governments. Organised by ...

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• 2 February

  Abu Dhabi’s pension fund, Adnoc sign AED3.3bn real estate deal

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has signed and completed a strategic real estate investment partnership with Abu Dhabi Pension Fund (ADPF). The transaction is ADPF’s third successive energy infrastructure and real estate asset partnership with Adnoc and marks ADPF’s largest single transaction with Adnoc to date. The ADPF partnership ...

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• 2 February

  UAE, Israeli hospitals tie up to promote medical tourism

  

  DUBAI / WAM Zulekha Hospital in the UAE and Israel-based Health Plus have signed a mutual agreement to cooperate in the field of medical tourism. The partnership hopes to further strengthen both healthcare systems by sharing medical expertise and best practices. In their statements, following the signing of this agreement, Senior Director Administration at Zulekha Hospital Dubai Dr Zia Ur ...

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• 2 February

  Sheikh Khalifa orders AED24m grant to athletes

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan ordered the disbursement of a grant worth AED24,392,473 to athletes who accomplished sporting achievements in 2019, benefitting 680 athletes from 29 federations. The grant will be distributed to athletes without holding the customary annual ceremony, in line with the precautionary measures adopted by the country to protect ...

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