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Bloomberg A group of Gazprom PJSC companies temporarily under the control of the German government will not return to the ownership of the Russian gas giant, according to the group’s trading unit. Gazprom views the separation as permanent and has already asked the companies to stop using its branding and trademarks, London-based Gazprom Marketing & Trading said in an email ...

Bloomberg President Joe Biden for the first time accused Russia of committing genocide in Ukraine, significantly escalating his condemnation of President Vladimir Putin’s invasion. Speaking at an event in Iowa laying out steps to lower fuel costs that have surged during the war, Biden described Russia’s actions in the conflict as a “genocide.” He later stood by his comments, but ...

  Bloomberg A Mexican truck blockade at a key Texas bridge is diverting US-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts. Truckers on the Mexican side of the Pharr-Reynosa International Bridge are protesting Texas Governor Greg Abbott’s stepped-up inspection effort. With commercial traffic at a total ...

  Bloomberg UK inflation surged to a 30-year-high of 7% last month, intensifying a cost of living crisis that threatens to derail the economic recovery. Consumer prices rise by 1.1% in March alone, the fastest increase on record for that month. It adds to pressure on the government and Bank of England to act, with prices set to surge further ...

Bloomberg The average price of a Toronto home dipped in March as a slight cooling of activity allowed the pace of new listings to close the gap with sales, even as the market remained heavily tipped in sellers’ favour compared with historic standards. The average home price in Canada’s largest city dipped 2.6% to just under C$1.3 million in March ...

Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and international markets, announced on Tuesday they have established ADC Acquisition Corporation PJSC (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC). ADC plans to raise AED367 ...

  Abu Dhabi / WAM The Department of Health – Abu Dhabi joined forces with “Accelerating Change Together (ACT) for Cancer Care”, a global coalition which seeks to revolutionise how cancer is being diagnosed and treated for better patient outcomes and more resilient healthcare systems. Along with Abu Dhabi based entities and AstraZeneca, ACT aims to accelerate change for equity ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) and Abu Dhabi Transmission and Despatch Company (Transco), a subsidiary of Abu Dhabi National Energy Company (Taqa Group), will install three interconnections that can transfer 117 MIGD to different areas in Abu Dhabi and Dubai, supporting reliable water supplies to customers across the nation. The move reinforces a shared national ...

Bloomberg South Africa’s Eskom Holdings SOC Ltd is scrutinising contracts to buy power from a government program for private developers to quickly bring on board additional generation. The state-owned utility started scheduled power cuts for the first time in almost a month, cutting 2,000 megawatts from the grid. That was due to breakdowns that affected a range of units, including ...

Bloomberg Germany is debating whether to invite Prime Minister Narendra Modi to the Group of Seven summit it’s hosting in June, given India’s reluctance to condemn Russia for invading Ukraine, according to people familiar with the matter. Germany is set to include Senegal, South Africa and Indonesia as guests at the meeting in Bavaria, but India remains under consideration, the ...