May, 2023

• 29 May

  Nato boosts presence in northern Kosovo

  

  BLOOMBERG Nato-led peacekeepers beefed up their presence in northern Kosovo, where police clashed again with Serb protesters days after an uptick in violence raised fears that a conflict could reignite between the Balkan neighbours. Kosovo’s mostly ethnic-Albanian police forces used pepper spray in response to tear gas hurled by hundreds of ethnic-Serb demonstrators on Monday who tried to block access ...

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• 29 May

  Police kill tribal people in India’s border state with Myanmar

  

  BLOOMBERG Indian police forces killed at least 30 people from tribal groups identified as extremists, part of an ongoing security operation in a northeastern state bordering Myanmar that’s seen unrest over the access to affirmative action benefits. The government will not allow the disintegration of Manipur state by “armed terrorists,” Chief Minister N Biren Singh said. Security operations were still ...

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• 29 May

  US, Japan, Philippines to hold drills amid China tensions

  

  BLOOMBERG The US will hold joint exercises with Coast Guards from Japan and the Philippines for the first time starting from this week amid elevated tensions with China in the region. The trilateral drills will be done off Bataan province that’s facing the South China Sea from June 1 to 7, according to a Philippine Coast Guard statement. The exercises ...

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• 29 May

  UBS, Credit Suisse offer Asia wealth bankers cut on inflows

  

  BLOOMBERG  UBS Group AG and Credit Suisse Group AG are offering a rare incentive for their wealth bankers in Asia to bring in fresh cash, underscoring the challenges the former Swiss rivals face to ensure stability as they seek to complete a government-orchestrated merger. Relationship managers at both firms will receive commissions of 15 basis points, or $0.15 for each ...

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• 29 May

  BofA to ask about 40 bankers in Asia to find jobs in other units

  

  BLOOMBERG  Bank of America Corp (BofA) plans to ask about 40 bankers in Asia to look for jobs in other divisions as it looks to manage the industry-wide decline in dealmaking while trying to avoid headcount reduction. About half of these client-facing roles are based out of Hong Kong with a focus on China, and the majority of the affected ...

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• 29 May

  India reclaims its spot as world’s fifth largest stock market

  

  BLOOMBERG India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares. India’s market capitalisation stood at $3.3 trillion, helped also by a rebound in Adani Group’s stocks after a short seller report earlier in the year sparked a heavy selloff. Meanwhile, ...

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• 29 May

  Bear market looms for Chinese equities as investors lose faith

  

  BLOOMBERG A gauge of Chinese shares traded in Hong Kong inched closer to a bear market as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan kept investors away. The Hang Seng China Enterprises Index (HSCEI) slumped 1.3% on Monday, taking its losses from a January 27 peak to a whisker away from reaching 20%. Meituan was the ...

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• 29 May

  UAE leaders congratulate President of Türkiye on re-election

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Recep Tayyip Erdoğan on his re-election as President of the Republic of Türkiye. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

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• 28 May

  Adihex, the global platform that revolutionised falconry

  

  ABU DHABI / WAM The Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) has been, for many years now, providing limitless opportunities to promote sustainable hunting as well as Emirati and international falcon breeding companies, through its thousands of visitors. Like birds of a feather, Emirati falconers and visitors from GCC countries and various parts of the world flock to ...

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• 28 May

  Fujairah all set to host World Juniors Taekwondo Championships in 2025

  

  FUJAIRAH / WAM The International Taekwondo Federation’s (ITF) Executive Board in a meeting in the Azerbaijani capital, Baku, on Sunday, chaired by International Taekwon-Do Federation (ITF) President, Dr Chungwon Choue, announcing that the emirate of Fujairah will be hosting the 2025 World Juniors Taekwondo Championships. Moreover, the board revealed that Ouchi City in China would host the World Senior Taekwondo ...

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