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Bloomberg US officials say Russia has asked China for military assistance for its war in Ukraine, a sign that the Biden administration is increasingly concerned about the role Vladimir Putin’s most powerful diplomatic partner could play in the conflict. A US official, speaking on condition of anonymity to discuss delicate matters, did not specify what kind of equipment Moscow had ...

Bloomberg The UK was bracing for its biggest squeeze on living standards in decades even before Russia invaded Ukraine. The impact of the war is now threatening to deepen a crisis for the poorest households and pull millions more into financial trouble. A spike in the price of oil has already pushed petrol and diesel prices to a record. Economists ...

  Bloomberg Italy’s government will have to plan for additional borrowing this year to protect businesses and families from the fallout of Russia’s invasion of Ukraine, Agriculture Minister Stefano Patuanelli said. “I think extra deficit spending today is more than justified and I believe it is necessary,” Patuanelli said in an interview on Radio 24. He added that the Cabinet ...

Bloomberg Norway needs to rein in budget spending to prevent a sudden slowdown of an economy that is now booming, Finance Minister Trygve Slagsvold Vedum warned. A potential overheating could lead to “even faster interest rate tightening than the Norges Bank has already signalled,” the finance ministry said in a statement on Monday ahead of the government’s conference on next ...

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured 250 graduates of the UAE Government Leaders Programme at a special ceremony held on Sunday. The graduates included UAE citizens employed within more than 120 federal, local, and private sector institutions. “The real bet for ...

  Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Abu Dhabi Judicial Department (ADJD), issued a decision granting the capacity of judicial officers to 127 child protection specialists in the Emirate of Abu Dhabi, empowering them to ascertain any violation of the provisions of ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has completed the construction of the first stage of the Aquifer Storage and Recovery (ASR) project for desalinated water and has started the operations and testing stage. The full scale of the ASR project can store up to 6,000 million imperial gallons of water once completed by 2025 as a ...

  Bloomberg BP Plc is trying to block development of part of a giant wind farm in waters off England’s east coast, according to Denmark’s Orsted A/S. Both companies have secured rights to the seabed about 70 kilometres (44 miles) from the Yorkshire coast. Orsted, the world’s largest developer of offshore wind, is seeking to build a project using the ...

Bloomberg Russian missiles hit a military training facility in western Ukraine close to the Polish border that had been used regularly by Nato before the invasion. The strike, which comes after Russia warned that convoys of Western military supplies for Ukraine would be considered legitimate targets, raised new concerns about the conflict potentially spilling over Ukraine’s borders. Initial reports suggest ...

  ABU DHABI / WAM Maqta Gateway, AD Ports Group’s digital arm, has announced that it will provide the Advanced Trade and Logistics Platform (ATLP) with digital airfreight solutions as part of ongoing efforts to accelerate the digitalisation of Abu Dhabi’s trade and logistics landscape and to further enhance the capabilities of the ATLP platform. Inaugurated in May 2020 by ...