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  Bloomberg The writing was on the wall when Britain finalized its break from the European Union: The UK sorely lacked the battery manufacturing capability that would be absolutely critical to the auto industry’s future, leaving the country’s already declining car sector in a make-or-break bind. The failure of Britishvolt Ltd. to get past the stage of developing prototypes for ...

  Bloomberg The European Union will need to ask member states to make fresh contributions to the bloc’s budget to fund a growing list of priorities, including support for its industries and addressing fallout from the war in Ukraine, the EU executive arm’s top economy official said. “We need in a sense to replenish the EU budget, because many of ...

Bloomberg Ericsson AB Chief Executive Officer Borje Ekholm welcomed one of his company’s staunchest critics, activist investor Cevian Capital AB, which is seeking a seat on the 10-person board. Cevian, which first invested in the Swedish telecommunications networks maker in 2017 and now has a stake of about 5%, is looking to name a director to the board at an ...

  Bloomberg The top US and China economic officials held their first face-to-face meeting Wednesday, pledging to improve communication as a way to avoid more serious confrontation during a period of heightened tensions. “We share a responsibility to show that China and the United States can manage our differences and prevent competition from becoming anything ever near conflict,” US Treasury ...

Bloomberg Serbia, traditionally one of Russia’s closest allies in Europe, is trying to put some distance between itself and Moscow as the war in Ukraine strains ties between the two countries and their leaders. In an interview in Belgrade, President Aleksandar Vucic dismissed territorial claims in Ukraine by Vladimir Putin and predicted the “worst is yet to come” for the ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, have discussed the cooperation between their countries and ways of developing them in various fields to serve their mutual interests. They also reviewed a number of issues of mutual concern. At the beginning of the meeting, which took ...

  Abu Dhabi / WAM Abu Dhabi Exports Office (Adex), signed an agreement with the Korea Trade Insurance Corporation (K-Sure), on the sidelines of the UAE-Korean Business Forum, organised by the Abu Dhabi Chamber of Commerce and Industry. Yoon Suk-yeol, President of South Korea, was present at the event. The agreement aims to promote Emirati exports, drive investment, and explore ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has issued a federal law establishing the National Media Office. The law states that the National Media Office will report to the Minister of the Presidential Court and will be financially and administratively independent in fulfilling its duties and mandate. The new entity ...

  Abu Dhabi / WAM Adnec Group has announced it is now a major contributor to the Net Zero Carbon Events initiative. The industry initiative promises to produce net-zero carbon footprint events by 2050 as it creates and supports a greener future for the Meetings, Incentives, Conferences and Exhibitions (MICE) industry. Hosted by the Joint Meetings Industry Council (JMIC), the ...

Bloomberg The head of the European Union’s executive arm said the bloc should pass a new law to fast-track investments in clean tech and boost funding for the energy transition in response to a US climate law it fears unfairly subsidizes American companies. “To keep European industry attractive, there is a need to be competitive with offers and incentives that ...