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Bloomberg Liz Truss’s new UK government delivered the most sweeping tax cuts since 1972, slashing levies on rich households and companies in a bid to boost economic growth in a move that triggered a massive market selloff of the currency and bonds. Chancellor of the Exchequer Kwasi Kwarteng announced a series of tax cuts and regulatory reforms that will cost ...

Bloomberg Germany is stepping up preparations for a gas emergency that would require rationing for the country’s biggest companies this winter as Russia’s squeezes flows to Europe. In a sign of growing urgency, the regulator will next Wednesday present to lawmakers a digital security platform to identify the “non-protected” consumers that will bear the brunt of rationing. That includes Germany’s ...

  Bloomberg President Joe Biden’s administration has slashed its target for Covid-19 vaccine donations abroad this year, amending a contract with Pfizer Inc. in the latest sign that world demand for the shots has collapsed. Under the revised deal, a total of 600 million Pfizer doses will be made available to the US by the end of the year, giving ...

  Bloomberg FedEx Corp. declined after the new CEO’s plan to cut costs and raise shipping rates fell flat with Wall Street, leaving investors concerned about deep challenges including slowing demand and elevated expenses. The courier said it will cut flights, defer projects and close offices as it seeks as much as $2.7 billion in savings this fiscal year. The ...

  ABU DHABI / WAM Under the directives of HH Sheikh Khaled bin Mohamed bin Zayed, Deputy National Security Adviser, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, the Abu Dhabi Department of Education and Knowledge (Adek) has launched the Khotwa (RizeUp) scholarship programme to further enhance access to education opportunities and open new knowledge ...

  ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, welcomed the first Emirati astronaut, Hazza Al Mansoori, to a virtual discussion with employees about the uses of aluminium in space. Astronaut Al Mansoori, currently training in the United States for his next mission, shared stories from his historic 2019 ...

  DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has organised a special workshop in Dubai to discuss the National Strategy for Nursing and Midwifery 2022-2026 and its roadmap. The five-day workshop, which was hosted by MoHAP’s National Committee for Nursing and Midwifery Affairs, aimed to develop implementation, follow-up, and evaluation methods to ensure the optimal execution of ...

  DUBAI / WAM DP World’s success in transforming from a local port operator to global logistics solutions provider, began with its inception four decades ago. It is the story of visionary leadership and talented young Emiratis who worked hard to make DP World a multinational company, while maintaining its Emirati soul. Their confidence and enthusiasm helped them achieve their ...

Bloomberg Ukraine handed over a key ally of Russian President Vladimir Putin in exchange for hundreds of prisoners of war including many captured in a landmark battle, a swap that outraged pro-Kremlin propagandists. Viktor Medvedchuk was one of 55 people turned over to Russia in return for 215 prisoners, including 188 who held out for months against Russian assault at ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Majesty King Hamad bin Isa Al Khalifa of Bahrain. During the meeting, President His Highness Sheikh Mohamed bin Zayed and the visiting King of Bahrain exchanged friendly fraternal conversations that express the deep-rooted historical relations that unite the UAE and the Kingdom of Bahrain and ...