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  Bloomberg Spot prices for North Asia’s liquefied natural gas surged to a record as Russian supply concerns intensified competition with Europe for available supply of the super-chilled fuel. The Japan-Korea Marker, the spot Asian LNG benchmark, jumped 23% to $59.672 per million British thermal units, according to S&P Global Platts, pulled higher by a historic rally in European gas ...

Bloomberg The US should immediately move towards recognizing Taiwan as a country, former US Secretary of State and potential presidential candidate Mike Pompeo said in Taipei, comments that garnered a testy response from Beijing. “It is imperative to change 50 years of ambiguity,” said Pompeo, the top diplomat in the Trump administration who is visiting Taipei in an unofficial capacity ...

Bloomberg The war in Ukraine is starting to change the tone of negotiations to redesign Europe’s fiscal rules, injecting new impetus into calls for more flexibility on borrowing and budgets as the continent’s economy braces for the consequences of Russia’s invasion. Concerns that the fighting will hinder the pandemic recovery have made it more likely the European Union will agree ...

  Bloomberg US hiring boomed in February while wage growth slowed, showing a strong labor market that likely keeps the Federal Reserve on track to raise interest rates this month while offering some respite from strong inflationary pressures. Nonfarm payrolls increased 678,000 last month— the most since July — after upward revisions in the prior two months, a Labor Department ...

  Bloomberg The European Union’s eastern nations are stepping up market interventions to protect their currencies from a selloff triggered by Russia’s invasion of Ukraine. The Czech central bank sold foreign currency on the market on Friday, joining the monetary authority in Poland, which intervened for the third time this week, according to people familiar with the transactions. Meanwhile, Hungary’s ...

  Bloomberg Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Prices from crude and aluminum to wheat soared, as raw materials stage their most stunning weekly surge since 1974 during the days of the oil crisis. Russia’s growing isolation is choking off a major source of energy, ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, announced that the UAE’s non-oil trade over 10 years totalled AED16.14 trillion. In an interview with the Emirates News Agency (WAM), he stressed that the country’s growth has returned to pre-pandemic levels. “We work according to the plans of the UAE’s leadership to double ...

  Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has achieved record revenue growth of 49 percent in 2021 with a 27 percent year-on-year increase in freight carried, contributing towards 55 percent of the group’s revenue. “2021 was a milestone year for Etihad Cargo,” said Martin Drew, Senior Vice President Sales & ...

  Abu Dhabi / WAM Emirates Water and Electricity Company (Ewec) has issued the Request for Proposals (RFP) to qualified companies and consortiums that had expressed interest in developing the new Shuweihat S4 Reverse Osmosis (RO) Independent Water Project (IWP). The Shuweihat S4 project will desalinate seawater using RO, a low carbon-intensity technology, to supply up to 318,225 cubic metres ...

Bloomberg Libyan lawmakers’ plan to install a new government faced turmoil after gunmen seized two of the proposed ministers, escalating a standoff that risks reigniting conflict in the OPEC member. The incoming foreign affairs and culture ministers were taken by unidentified men while en route to the eastern city of Tobruk, according to a statement from the office of Fathi ...