January, 2024

• 1 January

  UAE enters 2024 with unwavering determination to extend principles of peace, stability and prosperity through continued partnership, cooperation and dialogue

  

  ABU DHABI/ WAM Under the directives of its wise leadership, the United Arab Emirates enters 2024 with resolute determination to extend the principles of peace, stability, and prosperity in the region and beyond by continuing to strengthen partnerships, enhance multilateral cooperation and foster meaningful dialogue. Foreign Policy Principles Following an active year of collaboration with the international community and organisations, ...

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• 1 January

  Cathay Pacific says pilot flying-hour caps, illness led to flight cuts

  

  BLOOMBERG Cathay Pacific Airways Ltd, grappling with flight cancellations over the holiday period that have frustrated passengers, acknowledged that pilots reaching or at their 12-month limit on flying hours had contributed to the problem. While there were “elevated sickness rates on certain days,” the airline’s director of flight operations said in a memo that many had hit or come close ...

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• 1 January

  UAE leaders receive New Year’s greetings

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received messages of congratulations from Their Highnesses and Majesties, Presidents, Kings and Princes of world countries, on the occasion of the New Year 2024. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

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• 1 January

  British consumers to cut back in 2024, adding to recession risk

  

  BLOOMBERG UK consumers are increasingly worried about their financial security and holding tighter to their purse-strings heading into 2024, reviving concerns that the economy could tip into a recession. While inflation has now fallen or remained steady for nine consecutive months, 41% of consumers say they’re feeling less financially secure than at the end of 2022, according to a survey ...

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• 1 January

  Nvidia launches new gaming chip version for China

  

  BLOOMBERG Nvidia Corp, the world’s most valuable chipmaker, is selling a less-capable version of its best graphics product for video gamers in China, after the US government tightened restrictions on what the company can market in that country. The version of the GTX 4090 D chip that is listed for sale on Nvidia’s China website has about 10% fewer processing ...

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• 1 January

  Huawei sales near $100b in the year of China’s surprise breakthroughs

  

  BLOOMBERG Huawei Technologies Co’s revenue surged 9% in 2023, capping a dramatic year for a Chinese technology powerhouse that challenged Apple Inc and US sanctions with a surprise breakthrough in chip technology. Sales jumped to more than 700 billion yuan ($98.7 billion), their fastest pace of growth in years thanks to a resurgent smartphone business and robust 5G equipment sales. ...

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• 1 January

  General Motors blasts San Francisco in lawsuit over $108 million tax bill

  

  BLOOMBERG General Motors (GM) Co said in a lawsuit that San Francisco unfairly taxed it $108 million over seven years, despite the automaker having very low sales and almost no personnel in the city. The company said that San Francisco used the presence of its Cruise self-driving unit to tie its tax bill to a portion of GM’s global revenue, ...

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• 1 January

  Xiaomi unveils its first EV, with ambition to be China’s Porsche or Tesla

  

  BLOOMBERG The billionaire co-founder of Xiaomi Corp Lei Jun unveiled the company’s first electric vehicle (EV), declaring ambitions to become a top global carmaker in 15 to 20 years and compete against Tesla Inc and Porsche AG. Lei spent hours detailing the SU7’s features, which include a range of up to 800 kilometres (500 miles) on a single charge, adjustable ...

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• 1 January

  Ras Al Khaimah sets two Guinness World Records titles

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah welcomed the New Year with yet another record-breaking eight-minute-long firework and drone display setting two new Guinness World Records titles in a stunning spectacle that lit up the skies along 4.5 km stretch of Ras Al Khaimah’s waterfront. Already holding several Guinness World Records titles for its legendary fireworks New Year’s Eve ...

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• 1 January

  ADJD oversees correctional, rehabilitative facilities, juvenile centres in emirate

  

  ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) announced the commencement of directly managing the penal and correctional institutions and juvenile facilities in the Emirate of Abu Dhabi. Under the Law issued by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as the Ruler of the emirate of Abu Dhabi, regarding penal and correctional ...

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