June, 2023

• 11 June

  Minister begins Latin America, Caribbean tour

  

  ABU DHABI / WAM Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, led a senior UAE delegation to the Republic of Colombia with the aim of enhancing cooperation between the two countries in the political, economic, and trade fields. The UAE delegation was welcomed by German Umana, Minister of Commerce, Industry, and Tourism, and Francisco Coy, Vice ...

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• 11 June

  UAE-Türkiye partnership has scaled new heights: Al Marri

  

  ABU DHABI / WAM Abdulla bin Touq Al Marri, UAE Minister of Economy, affirmed that the working visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Republic of Türkiye would take the Emirati-Turkish strategic partnership to new heights. “Relations between the two countries are ushering in a new chapter on the comprehensive strategic partnership boosted ...

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• 11 June

  Tesla’s record run drives nearly $200b jump in value

  

  BLOOMBERG The clouds are finally parting for Tesla Inc investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year. The Elon Musk-led EV company has added more than $194 billion to its ...

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• 11 June

  OpenAI’s CEO calls on China for AI safety guidelines

  

  BLOOMBERG China should play a key role in shaping the artificial intelligence guardrails needed to ensure the safety of transformative new systems, OpenAI Inc’s Chief Executive Officer Sam Altman said. “With the emergence of the increasingly powerful AI systems, the stakes for global cooperation have never been higher,” Altman, whose company kick-started an AI frenzy in China with last year’s ...

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• 11 June

  UK’s Sunak faces new electoral challenge

  

  BLOOMBERG  Prime Minister Rishi Sunak faces a new electoral challenge after Boris Johnson’s surprise resignation from Parliament triggered at least three by-elections that could highlight softening support for the Conservative Party. Johnson quit after receiving the finding of the Parliament’s Privileges Committee investigation into whether he misled lawmakers over his knowledge of Covid-19 rule breaches by officials. While the findings ...

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• 11 June

  Mike Ashley’s Frasers raises stake in Asos

  

  BLOOMBERG Frasers Group Plc, the retail empire majority owned by tycoon Mike Ashley, has raised its stake in struggling online fashion hub Asos Plc. Already Asos’s third-largest shareholder, Frasers raised its holding to 8.8% from 7.4%, according to a filing. The stake has grown from around 5% in October. Ashley founded Sports Direct four decades ago and built it into ...

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• 11 June

  Japanese airlines near plane orders in Paris Air Show

  

  BLOOMBERG Japan’s two biggest airlines are in advanced talks to buy aircraft from Airbus SE and Boeing Co, with announcements possible as soon as the Paris Air Show this month, according to people familiar with the matter. All Nippon Airways (ANA) is looking to place orders for as many as 50 Airbus A321neo jets, said the people, who asked not ...

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• 11 June

  KLM faces trial over climate ad greenwashing allegations

  

  BLOOMBERG KLM will need to defend its ad campaign promoting climate-friendly flying in court over greenwashing allegations after an Amsterdam judge paved the way for a full trial. The Dutch arm of Air France-KLM’s advertisements “breach EU consumer law standards by creating a false impression that its flights do not contribute to the worsening climate emergency,” environmental campaigners Fossielvrij and ...

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• 11 June

  Boeing to delay some 787 deliveries after new glitch

  

  BLOOMBERG Boeing Co will delay deliveries of its 787 Dreamliner after uncovering a defective part in recent days, a setback as the planemaker works to meet soaring demand for its long-range aircraft. The flaw may affect about 90 already-built Dreamliners that haven’t yet been delivered, Boeing said, as well as a handful of planes on its final assembly line in ...

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• 10 June

  UAE President receives a phone call from Serbian counterpart

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Friday received a phone call from the President of Serbia, Aleksandar Vucic, during which the two leaders discussed various areas of cooperation and joint action within the framework of the strategic partnership between the UAE and Serbia, with the aim of promoting their shared interests. ...

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