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Russia war in Ukraine could last for years, says Nato chief

Bloomberg Russia said it hit military targets in Ukraine with sea-launched cruise missiles, including a strike on a planning meeting of Ukrainian commanders. The war in Ukraine “could last for years,” Nato Secretary General Jens Stoltenberg told Germany’s Bild am Sonntag, saying the military alliance “must not let up on supporting” Kyiv. The new head of the British Army said ...

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Worst drought in 70 years in Italy threatens food, power

Bloomberg Italy is in the depths of one of its worst droughts, with the country’s largest river, the Po, hitting its lowest level in 70 years, threatening crops and raising the specter of power outages. While much of Europe has had drier-than-average conditions this year, northern Italy’s Po valley is worst hit, according to the JRC Global Drought Observatory. Several ...

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UAE issues operating licence for Unit 3 at Barakah nuclear plant

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), the UAE’s independent nuclear regulator, on Friday issued the Operating Licence for Unit 3 of the Barakah Nuclear Power Plant to Nawah Energy Company (Nawah), the Emirates Nuclear Energy Corporation’s (Enec) subsidiary responsible for the operation of the nuclear power plant located in the Al Dhafra region of ...

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Emirati firms see 8.9% growth in number of women on board seats

Abu Dhabi / WAM The UAE’s continued efforts to improve gender diversity in the boardroom have led to more women holding board positions this year (8.9 percent), up from 3.5 percent in 2020, according to research undertaken by Aurora50, a social enterprise working towards gender parity in GCC boardrooms, and Mohammed Bin Rashid School of Government. In a first-of-its-kind study ...

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MoIAT, MBZUAI launch training programme on AI industry applications

  ABU DHABI / WAM Industrial leaders in the UAE have participated in the second edition of Industry 4.0 and AI for Industrial Leaders, a professional training programme delivered as part of a collaboration between the Ministry of Industry and Advanced Technology (MoIAT) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI). The four-day programme is designed to develop knowledge ...

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Louvre Abu Dhabi launches second Richard Mille Art Prize

  Abu Dhabi / WAM To mark the museum’s fifth anniversary, Louvre Abu Dhabi and Swiss watchmaking brand Richard Mille announced the second edition of the Louvre Abu Dhabi Art Here exhibition and the Richard Mille Art Prize, which will call on GCC artists (nationals and residents) working in various media to become part of its universal story. Curated by ...

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BP’s $36bn project highlights massive green hydrogen hubs

  Bloomberg BP’s acquisition of a stake and lead role in a $36 billion green hydrogen development in Western Australia is casting a spotlight on a slew of ambitious projects around the world that are promising to deliver massive amounts of the clean fuel. Green hydrogen, produced using water and renewable electricity, is widely predicted to play a crucial role ...

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China’s newest aircraft carrier shows Xi catching up with US

  Bloomberg China launched its third and most modern aircraft carrier, a watershed moment for President Xi Jinping’s efforts to modernize the armed forces and narrow his country’s military gap with the US. The new carrier, christened the Fujian, was launched from Jiangnan Shipyard near Shanghai on Friday at ceremony attended by military and civilian leaders, state broadcaster China Central ...

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EU clashes with Hungary over implementing global tax deal

  Bloomberg French Finance Minister Bruno Le Maire said he is determined to get a European Union agreement on a global corporate minimum tax, setting up a clash with Hungary at a meeting of officials in Luxembourg on Friday. Disagreements over how to implement the levy have dogged France’s six month presidency of the EU that concludes at the end ...

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Germany’s steel workers win highest pay rise in 30 years

  Bloomberg Germany’s biggest union said it has won a 6.5% pay rise — the biggest in 30 years — for steel workers in the northwest of the country, setting the stage for upcoming talks in the metals- and electronics industries. The 18-month deal for about 68,000 steel industry employees includes one-off payments of 500 euros ($524) for June and ...

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