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  Bloomberg A military jet crashed in central China, killing one local resident and injuring two, according to the state broadcaster. The pilot ejected, but the crash caused an explosion near the airport of Laohekou, in Xiangyang city in China’s central Hubei province, the Xinhua news agency reported. Some houses near the crash site were severely damaged and set on ...

Bloomberg President Emmanuel Macron aims to reform France’s pension system by the summer of 2023, he told French news outlets in his first extended interview since his re-election in April. The reform, which initially aimed to lift the retirement age from 62 to 65, is essential to financing Emmanuel Macron’s larger ambitions for his second five-year term. He discussed those ...

  Bloomberg UK economic growth is grinding to a halt as the cost of the living crisis escalates, a leading business lobby warned. The British Chambers of Commerce (BCC) predicted output will be barely higher in the fourth quarter than it was at the end of 2021, with consumers and businesses set to rein in spending as taxes climb and ...

  Bloomberg Nearly half of all Germans can no longer afford their lifestyle as inflation surges from one record to the next, according to a poll conducted for public broadcaster ARD. About 47% indicated they’re strongly or very strongly cutting back on spending. In low-income households, that share rises to more than three-quarters. The survey was conducted among 1,337 Germans ...

  Bloomberg Hungarian Prime Minister Viktor Orban used his emergency powers to publish decrees on a sweeping set of windfall taxes and to order about $6.1 billion in spending cuts for this year and next. The measures, which will hit industries from banking to energy and airlines to telecommunications, underscore the extent of the budget imbalance that has spooked investors ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) is increasing the storage capacity of desalinated water in Dubai to enhance water security. Dewa is building three water reservoirs in different parts of Dubai. The water reservoirs will include one in the Nakhali area with a storage capacity of 120 MIG and investments totalling AED287.8 million, one in the ...

  SHARJAH / WAM Arada has launched Robinia, the third phase of its Sharjah woodland community Masaar. The launch of the 565 villas and townhouses in Robinia has been brought forward after the first two residential phases at Masaar both sold out. Valued at AED8 billion and containing 4,000 homes spread over eight gated districts, all linked by a “green ...

  ABU DHABI / WAM A high-level UAE delegation headed by Abdullah bin Touq Al Marri, Minister of Economy, will be visiting the Kingdom of Morocco on Thursday to explore prospects for enhanced cooperation in the next phase. The meetings will also help explore promising investment opportunities in the markets of the two countries and strengthen them during the next ...

  ABU DHABI / WAM Khawla Art and Culture is hosting an exhibition titled “A Vibrant Land”, showcasing the work of professional Emirati photographer and documentary filmmaker Ali bin Thalith. Running until June 16, the exhibition is showcasing the wildlife scenes photographed by Ali bin Thalith. Sheikha Khawla bint Ahmed Khalifa Al Suwaidi, Founder of Khawla Art and Culture and ...

Bloomberg Talks between Russia and Turkey brought no signs of progress on a deal to unblock shipments of Ukrainian grain that have contributed to warnings of global food-supply crisis. Kyiv, which wasn’t invited to participate in the talks in Ankara, is skeptical of the Kremlin’s intentions and is seeking strong security guarantees that would allow it to export the key ...