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  Bloomberg Europe’s new-vehicle sales slumped for an 11th consecutive month as record inflation and falling consumer confidence joined prolonged supply-chain disruptions. Registrations fall 12.5% to 948,149 vehicles in May, the European Automobile Manufacturers’ Association said. Hardest-hit among major automakers was Volkswagen AG, which saw sales drop by more than 21% from the same month last year. After nearly a ...

  Bloomberg One of the architects of the European Union’s sweeping General Data Protection Regulation (GDPR) admitted the law needs a revamp to ensure its fit for purpose amid growing attacks on citizens’ privacy. Four years after it took effect, European Commission Vice President Vera Jourova said “targeted improvements” are now needed to the GDPR “in the age of tools ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange and Al Maryah Community Bank (MBank), the UAE’s first digital bank, signed an agreement on Thursday to facilitate initial public offering (IPO) subscriptions and streamline the process for obtaining a National Investor Number (NIN). As part of the agreement, MBank customers will be able to digitally create a NIN and self-subscribe ...

  ROME / MILAN / LUGANO / WAM An Emirates News Agency (WAM) delegation visited several media establishments in Italy and Switzerland to promote cooperation in news exchange. The visit is part of WAM’s keenness to create partnerships with media outlets in Italy and Switzerland, develop a sustainable model of constructive cooperation and partnership in media and build a wide ...

  Dubai / WAM Enoc Link, the digital mobile fuel supply service for businesses and consumers in the UAE by Enoc group, on Thursday revealed its expansion plans for the eLink stations. The eLink station is a mobile fuelling format that enables motorists and customers with easy access and convenient fuelling services. Enoc Link has ambitious plans of opening ten ...

  Bloomberg Russia’s oil-export revenues surged to around $20 billion in May despite shipping lower volumes, as a rally in global energy prices buoyed its coffers, according to the International Energy Agency (IEA). That’s a 11% increase from a month earlier, taking Russia’s total revenue for shipping crude and oil products roughly back to levels before the invasion of Ukraine, ...

Bloomberg The leaders of Germany, France, Italy and Romania are in Kyiv for talks with President Volodymyr Zelenskiy in by far the highest-profile visit to the country since Russia invaded at the end of February. They traveled overnight by train to Kyiv and were joined by Romania’s president in a show of solidarity ahead of an expected recommendation Friday from ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has reviewed the details of the Emirates Lunar Mission, which comes in line with the country’s ambitious strategy in exploring outer space. His Highness affirmed his confidence in the competencies of the UAE youth in leading this national mission which aims to reach new scientific horizons that ...

  Abu Dhabi / WAM Designed to support businesses operating in the UAE’s vital healthcare sector, the National Health Insurance Company – Daman, and Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey (Menat) region, have announced the launch of a new financing initiative titled “Early Payment Scheme”. Daman’s ‘Early Payment Scheme’ leverages Emirates NBD ...

  ABU DHABI / WAM Two grain silos have been inaugurated in Jordan’s Juwaideh and Aqaba regions following an extensive renovation. The project was carried out by Abu Dhabi Fund for Development (ADFD) to raise the capacity of the Juwaideh silo to 120,000 tonnes, and the Aqaba granary to 100,000 tonnes. The aim was to support the Jordan’s National Food ...