July, 2023

• 4 July

  Jawaher Al Qasimi highlights developmental institutions’ role in driving communities’ growth

  

  SHARJAH / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the Ruler of Sharjah and Chairperson of the Supreme Council for Family Affairs (SCFA), reaffirmed the critical role developmental institutions play in driving the continued growth and prosperity of communities amidst the ever-evolving changes and transformations modern societies encounter. She underscored that these institutions in Sharjah embody ...

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• 4 July

  Dubai Customs completes 12m declarations in 6 months with 10% growth

  

  DUBAI / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs and CEO of Ports, Customs, and Free Zone Corporation, announced that Dubai Customs successfully processed 12.3 million customs declarations during the first half of 2023, marking a 10 percent growth compared to the same period last year. With an impressive average of 48 declarations per minute, Dubai Customs’ advanced customs ...

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• 4 July

  Putin tells China-led bloc ‘Russians support him after mutiny’

  

  BLOOMBERG President Vladimir Putin told a regional security grouping that Russians were united behind his leadership in his first international appearance since the failed mutiny that posed the greatest threat to his almost quarter-century rule. Putin also thanked leaders of the Shanghai Cooperation Organization “who have expressed support for the actions of the Russian leadership to protect the constitutional order,” ...

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• 4 July

  French riots may cost $1.1b as president meets mayors

  

  BLOOMBERG President Emmanuel Macron was expected to  meet with more than 200 mayors to assess the riots that have rocked France as a massive police deployment led to a continued drop in the level of unrest overnight. French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, at more ...

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• 4 July

  Australia, Indonesia unveil visa, climate pacts as leaders meet

  

  BLOOMBERG Longer business visas and millions of dollars in green investment aimed at bolstering economic ties capped the first visit to Australia by Indonesia’s President Joko Widodo in three years. Prime Minister Anthony Albanese and the Indonesian leader known as Jokowi discussed boosting cooperation on critical minerals, green manufacturing and security partnerships during their meeting in Sydney on Tuesday. At ...

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• 4 July

  Nato chief extends tenure as Kyiv forces advance

  

  BLOOMBERG Nato extended Secretary General Jens Stoltenberg’s by a year as the military alliance confronts Russia’s invasion, while Ukraine pressed forward with its counteroffensive in the country’s east. “In a more dangerous world, our great alliance is more important than ever,” Stoltenberg, whose extension was the third in the Norwegian’s tenure as the North Atlantic Treaty Organization’s chief, said in ...

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• 4 July

  CATL-backed Chinese firm seeks funds at $831m value

  

  BLOOMBERG An energy storage startup backed by Contemporary Amperex Technology Co Ltd is considering a round of fundraising that would value it at as much as 6 billion yuan ($831 million) to fuel further growth amid the global clean-power transition, according to people familiar with the matter. Contemporary Nebula Technology Energy (CNTE) is in talks with financial and strategic investors ...

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• 4 July

  Tesla’s June deliveries in China soar 20% as global sales hit record

  

  BLOOMBERG Tesla Inc’s deliveries from China in June increased almost 20% from a year earlier, after repeated price cuts contributed to the company’s record-setting second-quarter sales. The US electric-vehicle maker led by Elon Musk shipped a total of 93,680 cars from its factory in Shanghai in June, preliminary data from China’s Passenger Car Association (PCA) showed. That compares with 78,906 ...

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• 4 July

  Stock rally pauses in thin trading amid US holiday

  

  BLOOMBERG The rally in global shares paused in quiet trading as US markets were shut for a holiday. Europe’s benchmark Stoxx 600 edged higher on trading volume that was a quarter lower than the 30-day average. Real estate shares climbed, while J Sainsbury Plc fell as the UK grocer’s unchanged pretax profit forecast underwhelmed analysts. In Asia, Japan’s Nikkei 225 ...

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• 4 July

  South Africa to require crypto exchanges licensing by year-end

  

  BLOOMBERG South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority (FSCA) has received about 20 applications since opening for licenses a few weeks ago, with more expected before the deadline of November 30, FSCA Commissioner Unathi Kamlana said in ...

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