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  Bloomberg Argentina’s economy contracted in January as a surge in coronavirus cases due to the omicron variant weighed on industrial manufacturing. Economic activity in January falls 0.5% from the prior month, better than analysts’ median estimate for a 1% contraction. From a year ago, the economy expanded 5.4% in the first month of the year, according to government data. ...

Bloomberg The European Union (EU) plans to ensure that products from handbags to laptops and mobile phones are more durable, in a bid to curb the environmental damage caused by their limited lifespans. Under the “Circular Economy Package” put forward by the European Commission on Wednesday, companies will have to show that the products they sell within the EU last ...

  Bloomberg Hurricane Ida and the freakish winter storm that froze Texas last February topped last year’s list of most damaging storms, according to the annual report on insurance industry losses caused by natural catastrophes put out by reinsurance giant Swiss Re. The report found that global economic losses from natural catastrophes such as floods, hurricanes and wildfires reached $270 ...

  Dubai / WAM Mohammad Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and Chairman of the World Government Summit (WGS) Organisation, opened the first day of WGS2022 by setting out how governments need to adapt to an accelerating speed of change that will challenge regulators’ ability to keep pace. Mohammad Al Gergawi gave ‘three readings of the future’ centred ...

  DUBAI / WAM Expo 2020 Dubai recorded more than one million visits last Friday, Saturday and Sunday as visitors say their final goodbyes to what has been a spectacular six months. More well-wishers are expected to flock to the site in the remaining three days to be part of the World Expo’s closing action and entertainment – including what ...

  DAR ES SALAAM / WAM DP World on Tuesday announced the launch of its wholesale e-commerce platform Dubuy.com in Tanzania. The online marketplace will give Tanzanian businesses better access to international markets. It will also provide a more secure and reliable supply chain, through DP World’s worldwide ports and logistics network. The new platform enables Tanzanian businesses to buy ...

  Bloomberg Southwest Gas Holdings Inc priced shares at $74 apiece in a stock sale to fund its $2 billion acquisition of a pipeline company that activist investor Carl Icahn tried to block. The price is below an offer made by Icahn, who has been rebuffed in efforts to take over the utility owner. Southwest Gas will raise about $392.5 ...

Bloomberg Moscow said it would sharply cut military operations near the Ukrainian capital of Kyiv and Chernihiv after negotiators from Ukraine and Russia held discussions in Turkey aimed at de-escalating the war. A Ukrainian negotiator said the country is seeking international security guarantees for territory that doesn’t include the separatist-controlled areas of Donbas and Crimea. Russia indicated the talks could ...

  Israel / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, participated in the “Negev Summit”, which began its activities in the southern Negev Desert, upon an invitation from Yair Lapid, Minister of Foreign Affairs of Israel. Other participants in the summit were Antony Blinken, US Secretary of State; Sameh Shoukry, Minister ...

  Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) has signed a memorandum of understanding (MoU) with the Government of the Republic of Guatemala, represented by the economy, tourism, and the investment ministries. The MoU aims to strengthen trade relations and develop mutual cooperation, encourage and facilitate economic cooperation between business communities in both friendly countries, said an ...