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  Bloomberg Japan’s biggest steelmaker is calling on Tokyo to provide at least 2 trillion yen ($17.3 billion) in subsidies over almost three decades to meet net-zero carbon targets, as it seeks to stay competitive against China and other global rivals. Nippon Steel needs the money to vie on an “equal footing,” according to Hideo Suzuki, the managing executive officer ...

Bloomberg The US said Russia has massed as many as 190,000 personnel — including troops, National Guard units and Russian-backed separatists – in and around Ukraine in what it called the most significant military mobilisation since World War II. Russia told the US that it has no plans to attack, and officials in Moscow have repeatedly dismissed US warnings about ...

  Bloomberg Boris Johnson said the UK proposes to stop Russian firms from raising capital in London’s financial markets, part of measures targeting Vladimir Putin’s administration if it decides to invade Ukraine. The move is part of a “very tough package of sanctions” that’s “ready to go,” the British prime minister said in a pooled TV interview in London. Johnson ...

  Bloomberg Biden administration officials told lawmakers that they plan to seek $30 billion in new spending to combat the Covid-19 pandemic in conjunction with a $1.5 trillion government funding package lawmakers want to complete by March 11. Department of Health and Human Services officials made the informal pitch to lawmakers, with a formal White House request expected at a ...

  Bloomberg Italian Prime Minister Mario Draghi pushed through long-delayed changes on how Italy assigns licenses for public beaches, despite the opposition of one of the parties backing his government. The government approved a plan to set up competitive tenders for the lucrative licenses from 2024, which allow bathhouses and resorts to be built on public land in exchange for ...

  Bloomberg German national railway operator Deutsche Bahn AG has taken the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit, which could be around 20 billion euros ($23 billion). The government-owned company is working with a consultant and legal advisers to ready the business for a possible transaction later this year, ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Thursday announced framework agreement awards valued at $1.94 billion (AED 7.1 billion) to enable drilling growth. The awards build on Adnoc’s recent record investments in drilling-related equipment and services and support its strategy to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 ...

  Dubai / WAM The UAE’s food and beverage imports from Latin America (LatAm) reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further detail at the 4th Global Business ...

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, attended the signing of a memorandum of understanding (MoU) on cybersecurity between the UAE and Jamaica at Expo 2020 Dubai. The MoU was signed by Dr Kamina Johnson-Smith, Minister of Foreign Affairs and Foreign Trade of Jamaica, and Dr Mohamed ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with its Cuban counterpart enhancing joint work to develop commercial activity and areas of economic cooperation between them. The two sides also explored available investment opportunities while highlighting the importance of strengthening communication mechanisms to organise mutual visits of business owners, missions and trade delegations. This ...