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Bachelet to China: Anti-terror actions must respect rights

Bloomberg The United Nation’s top human rights official said any actions by China’s government to address alleged terrorism and reverse what Beijing terms radicalism must not come at the expense of human rights. Michelle Bachelet spoke at a press briefing at the end of her six-day trip to China, which she’s repeatedly said wasn’t an “investigation” of Chinese practices in ...

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ADC Acquisition Corporation shares to start trading on ADX

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investment, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and international markets, announced on Friday that shares and warrants of the co-established SPAC, ADC Acquisition Corporation (ADC), commences trading on the Abu Dhabi Securities Exchange ...

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Seamless Middle East 2022 opens on May 31

  Abu Dhabi / WAM The Conference and Exhibition on Digital Economy Technologies (Seamless Middle East 2022) will be held in Dubai from May 31 to June 1 at the World Trade Centre. The event, held under the patronage of His Highness Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, is jointly ...

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Dubai boosts its status as preferred hub for global tech firms

  Dubai / WAM More than 20 years since its establishment in 2000, Dubai Internet City (DIC) continues to be among the world’s preferred hubs for new economy companies, with several high-growth, high value-added, technology-enabled global firms recently choosing DIC to establish their regional operations. The latest to join the ever-growing ranks of new economy companies making DIC their home ...

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Duke Energy wants to quit coal, but regulators say ‘no’

  Bloomberg Duke Energy Corp planned to close its last six coal power plants in the Carolinas by 2030 to accelerate the company’s carbon-cutting goals. South Carolina regulators said no—ordering the US utility to keep the plants open longer. The decision sets up a showdown as Duke Energy appeals a regulatory response that threatens the company’s preferred plan to speed ...

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Biden bets on new rule to speed up asylum decisions at border

Bloomberg The Biden administration is counting on a rule change to speed up asylum decisions at the southern border and help ward off the turmoil expected to come if a measure that limits those claims is allowed to expire. Department of Homeland Security officials will get the power to reject or approve asylum cases directly starting from May 31. It’s ...

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UK economy can dodge a recession: Boris Johnson

Bloomberg Prime Minister Boris Johnson said the UK can a dodge a recession in the months ahead even as the cost of living crisis sets the stage for a “difficult” period. Economic pressures are emerging as the gravest political threat to Johnson and his party, beyond the various scandals that have dogged his government such as the row over illegal ...

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French debt levels back in focus as govt gets to work

  Bloomberg France’s new government reaffirmed the country’s pledge to lower debt after the Covid-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent economy from crashing. “I will be a relentless craftsman in keeping our public accounts in a context that we know is difficult,” Gabriel Attal, France’s new budget minister, said in a ...

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Europe’s biggest economies keep growing amid pandemic reopening

  Bloomberg Europe’s two largest economies kept growing in May as they benefited from a sustained rebound in services that offset fallout from Russia’s invasion of Ukraine. The loosening of Covid-19 restrictions in Germany and France supported activity in both countries while factories suffered from surging prices and strained supply chains, according to business surveys by S&P Global. “A post-lockdown ...

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