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Biden warns Putin against using nuclear or chemical weapons

Bloomberg President Joe Biden said Vladimir Putin would face a “consequential” US response if the Russian president used nuclear or chemical weapons in the war in Ukraine. “Don’t. Don’t. Don’t,” Biden said in an excerpt from an interview with CBS’s “60 Minutes” when asked what he would say if Putin were considering using tactical nuclear weapons or chemical weapons in ...

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Time running out to join queue of mourners to Queen Elizabeth

Bloomberg Time was running out on Sunday for tens of thousands of people still hoping to pay respects to Queen Elizabeth II by joining a miles-long queue to view her coffin at Westminster Hall. The British Department for Digital, Culture, Media and Sport said that a decision will be taken later on when entry to the line will close, as ...

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Fauci warns of anti-vaxxer attitude beyond Covid-19

Bloomberg US President Joe Biden’s top medical adviser warned in an interview with the Financial Times that a broad refusal of vaccines against Covid-19 may undermine efforts to immunise children and contain future illness outbreaks. Anti-vaccine attitudes “might spill over into that kind of a negative attitude towards childhood vaccinations,” Anthony Fauci was quoted as saying. “If you fall back ...

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US-China tech rivalry adds to headaches for stock investors

  Bloomberg China’s heated rivalry with the US over tech supremacy is adding fresh pain points to the world’s second-largest stock market, as the Biden administration steps up efforts to reduce economic reliance on the Asian nation. From biotech to electric vehicles, shares of China’s key manufacturers have seen heavy selling recently as US initiatives to secure domestic supply chains ...

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US rail-union deal showcases labour angst beyond wages

  Bloomberg The key issue that almost triggered the first US railroad strike in 30 years and threatened to hobble the economy wasn’t wages, but sick leave, highlighting broadening worker demands in a tight labour market. Union leaders and railway companies agreed on a deal that includes language allowing workers to take time off for doctor appointments, hospitalisation or surgeries, ...

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Dubai’s Salik ups IPO size 24.9% on strong investor demand

  DUBAI / WAM Salik Company announced that it has increased the number of shares offered in Salik’s Initial Public Offering (IPO) from 1,500,000,000 ordinary shares to 1,867,500,000 ordinary shares, which would result in an increase in the Offer Size from 20.0% to 24.9% of Salik’s share capital, with the Government of Dubai continuing to own 75.1% of Salik’s existing ...

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Media role in raising awareness on societal, national issues highlighted

  ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) organised a media forum for local radio and television broadcasters from across the UAE at the Mandarin Oriental Hotel in Dubai. The meeting, which was held under the slogan “Partners in Responsibility”, was organised to enhance understanding and coordination with members of the media, who play a ...

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Dewa records growth of 73.6% in smart water metres

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) recorded a growth in the number of smart water meters by 73.6% between 2018 and 2022. The number of smart metres increased from 566,214 metres in August 2018 to 983,185 metres in August 2022. Dewa has a secure and automated infrastructure to manage metre data. Automating metre readings helps customers ...

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Germany seizes assets of Russian oil giant Rosneft

Bloomberg Germany is taking control of Russian oil major Rosneft PJSC’s German unit, including stakes in three oil refineries, as Chancellor Olaf Scholz reacts to the unprecedented energy crisis sparked by the invasion of Ukraine. Grid regulator BNetzA will become trustee of RN Refining & Marketing GmbH and Rosneft Deutschland GmbH, which account for around 12% of Germany’s oil processing ...

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Putin’s Taiwan stand outweighs any Xi concerns about Ukraine

Bloomberg Even as Vladimir Putin admitted that Xi Jinping had concerns about the war in Ukraine, the Russian leader’s comments on Taiwan may ultimately matter more to his Chinese counterpart. During their first in-person talks since the Ukraine war began, Putin on Thursday blasted what he called “provocations by the US and its satellites in the Taiwan Strait,” while reiterating ...

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