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Sheikh Mohamed congratulates French president on re-election

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, congratulated French President Emmanuel Macron, on his re-election as President of France, wishing him continued success in performing his presidential duties and responsibilities. This came in a phone conversation where the two leaders ...

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Etihad Airways performs 42 ecoflights over five days

  Abu Dhabi / WAM Etihad Airways has successfully performed the world’s most intensive sustainable flight testing programme, operating 42 flights over a five-day period to test operational efficiencies, technology and procedures that will reduce carbon emissions. The programme, coinciding with Earth Day 2022, included 22 contrail prevention flights over the course of three days. Tony Douglas, Group Chief Executive ...

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Abu Dhabi to host int’l conference on ‘Islamic unity’

  Abu Dhabi / WAM Under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and coinciding with the fourth anniversary of its founding, The World Muslim Communities Council (TWMCC) is organising an international conference on May 8-9, featuring representatives of over 150 countries, to discuss the topic of Islamic unity. The event will be ...

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5th Dalma race festival kicks off in Abu Dhabi

  Abu Dhabi / WAM The 5th edition of the Dalma Historical Race Festival is set to kick off on Saturday, welcoming history enthusiasts to Abu Dhabi’s enchanting Dalma Island from May 7-20. Held under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, the festival is organised by the Cultural Programmes and ...

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EU drafts compromise fixes to toughen carbon reform

Bloomberg Lawmakers in the European Parliament’s environment committee agreed a set of draft compromise changes to a sweeping overhaul of the European Union’s carbon market in a push to further strengthen the cap-and-trade program. Representatives of the biggest political groups in the ENVI committee signed off on joint proposals to toughen carbon permit supply controls and improve existing shields against ...

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Hong Kong’s next leader Lee shows flexibility behind scenes

  Bloomberg John Lee became the only candidate for Hong Kong’s top post by proving his willingness to loyally execute Beijing’s demands despite an international outcry. The question now is whether he can convince China that re-opening the Asian financial centre to the world won’t jeopardise its control. Lee, a former cop and security minister, emerged as a leading advocate ...

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UK adopts new tech rules, but without power to enforce them

Bloomberg The UK has set out sweeping new plans to regulate tech companies and impose massive fines, but has stopped short of saying how it will enforce the laws. The government will provide a new watchdog — the Digital Markets Unit — with the power to enforce competition rules, such as stopping firms from hurting rivals by preinstalling their own ...

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Elon Musk slashes his margin risk with equity partners for Twitter

  Bloomberg Elon Musk may be the world’s richest person, but that doesn’t mean he wants to put his massive fortune at risk to buy Twitter Inc. The Tesla Inc co-founder restructured his complex bid for the social-media giant by getting $7.1 billion in equity commitments from investors. He also cut in half the size of a record margin loan ...

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Colombian inflation rises more than expected to 21-year high

Bloomberg Colombian inflation accelerated to its fastest pace since July 2000 last month, as the central bank signals it will continue to raise borrowing costs to rein in soaring prices. The annual inflation rate rises to 9.2% in April, the national statistics agency said, surprising all 24 analysts surveyed by Bloomberg who had a median forecast of 8.8%. The pace ...

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US services growth eases on employment, new orders

  Bloomberg Growth at US service providers eased in April while cost pressures worsened, highlighting how decades-high inflation and an ongoing struggle to hire and retain workers is weighing on the sector. The Institute for Supply Management’s gauge of services decreased to 57.1 last month from 58.3 in March, according to data. Readings above 50 signal expansion. The median estimate ...

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