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Bloomberg US President Joe Biden said that he wasn’t concerned about the possibility of North Korea holding a nuclear test while he’s in Asia. “We are prepared for anything North Korea does,” Biden told reporters in Seoul. “We’ve thought through how we’d respond to whatever they do, and so I am not concerned.” US intelligence has shown that North Korean ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan would make the UAE a global technology leader, Australia’s Governor-General David Hurley told the Emirates News Agency (WAM), adding that “Australia would be part and parcel of that progress.” “I think the most important thing we will see in his (His Highness Sheikh Mohamed’s) term as ...

  Dubai / WAM A delegation from the Mohammed bin Rashid Space Centre (MBRSC), led by Director-General Salem Al Marri, has visited Emirates Global Aluminium (EGA) to explore potential collaboration in research and the use of EGA’s UAE-made aluminium in space. Al Marri was received at EGA’s Jebel Ali site in Dubai by Chief Executive Officer Abdulnasser bin Kalban, and ...

  Dubai / WAM DP World has won an important award from the International Association of Ports and Harbors (IAPH), recognising its work to plant new mangrove forests around the Guayaquil port in Ecuador. DP World Posorja, which operates the port, earned first place in the Climate and Energy category for its ‘Sembrando Vida’ mangrove project, competing alongside 237 schemes ...

  SHARJAH / WAM Young visitors are flocking to the Emirates Publishers Association (EPA) stand at the ongoing 13th Sharjah Children’s Reading Festival (SCRF) where under its ‘Manassah’ platform, the entity is showcasing a bouquet of titles in diverse genres by Emirati publishers. Amongst the popular books at EPA’ stand, targeting children of all age groups, includes Scribbles, a creative ...

Bloomberg French electricity prices climbed after the region’s biggest producer cut its nuclear output target for a third time this year, the latest sign that the region’s power crisis is worsening. Less output from Electricite de France SA’s fleet, the backbone of Europe’s integrated power system, is sending prices higher just as soaring inflation is pushing up costs for everything ...

Bloomberg Joe Biden talked at length as a presidential candidate about the need to focus on China’s rising global power. Yet 17 months after taking office, Asian leaders are still waiting for details on a strategy for more US economic engagement in the region. Before Biden touched down in South Korea, many officials in the region have struggled to understand ...

Bloomberg Chancellor of the Exchequer Rishi Sunak said that extra government spending to help ease Britain’s cost-of-living crisis risks further stoking inflation, as he warned of tough months ahead for the UK economy. “We need to be careful,” Sunak said at the annual dinner of the Confederation of British Industry, speaking to hundreds of executives. “At a time of severe ...

Bloomberg Applications for US state unemployment insurance unexpectedly rose last week to the highest level since January, led by increased filings in Kentucky and California. Initial unemployment claims increased by 21,000 to 218,000 in the week ended May 14, Labour Department data shows. The median estimate in a Bloomberg survey of economists called for 200,000 initial applications. Continuing claims for ...

  Bloomberg Prime Minister Justin Trudeau’s government joined Canada’s closest intelligence allies in banning Huawei Technologies Co. from the fifth-generation wireless networks. The Chinese state-championed telecommunications firm poses a threat to Canada’s national security, Industry Minister Francois-Philippe Champagne said, confirming an earlier Bloomberg News report. ZTE Corp. equipment will also be prohibited. Firms that already have Huawei or ZTE gear ...