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  Bloomberg Group of Seven (G-7) governments are converging around a warning to Russia that President Vladimir Putin will face severe costs if he sends troops into Ukraine, a senior US official said. Discussions at a weekend meeting of G-7 foreign ministers in Liverpool, England, have been in line with President Joe Biden’s public stance towards the threat of a ...

    Bloomberg UK business groups called for government support after Prime Minister Boris Johnson announced restrictions to curb the spread of the omicron variant, which Bloomberg Economics estimates could cost the economy as much as 2 billion pounds ($2.6 billion) a month. In remarks following Johnson’s televised address to the nation, business groups said the measures, which include advice ...

  Bloomberg Spanish inflation accelerated to the fastest in nearly three decades in November on rising food prices, underscoring the lingering consequences of supply-chain bottlenecks across Europe. Consumer prices jumped 5.6%, national data showed — the highest since September 1992. The European Union-harmonised measure also came in at that level, matching the median forecast in a Bloomberg survey. A national ...

  Bloomberg US consumer prices rises last month at the fastest annual pace in nearly 40 years, underscoring how rapid and persistent inflation is eroding paychecks and increasing pressure on the Federal Reserve to tighten monetary policy. The consumer price index (CPI) climbed 6.8% from November 2020, according to Labour Department data. The widely followed inflation gauge rises 0.8% from ...

Bloomberg General Motors Co plans to build its third US battery plant with partner LG Chem Ltd. in Michigan and will commit its Orion assembly plant to electric vehicles, a person familiar with the matter said. The Detroit automaker has applied for tax abatements for projects in both Orion Township and outside Lansing, Michigan, said the person, who put the ...

Abu Dhabi / WAM Masdar, one of the world’s fastest-growing renewable energy companies, has received the coveted ‘Award of Excellence – Power’ at the S&P Global Platts Global Energy Awards 2021, beating companies from across the entire energy sector and demonstrating its leadership in clean energy. The US-based event is one of the most prestigious for the global energy industry. ...

DUBAI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and Commissioner-General of Expo 2020 Dubai, and Dr Nayef Falah Mubarak Al Hajraf, Secretary-General of the Gulf Cooperation Council (GCC), attended the launch of the GCC Youth Forum hosted by the Youth Pavilion at Expo 2020 Dubai. Held under the theme “United Youth, Shared Vision”, and ...

BRASILIA / WAM A delegation from the Ministry of Defence led by Major General Staff Pilot Mubarak Ali Al Neyadi, Head of the Executive Department for Defense Policies and Strategic Affairs, participated in the 6th Brazilian Defense Industrial Base Exhibition (BID 2021). Major General Staff Pilot Mubarak Al Neyadi met with Brazilian Defense Minister Walter Braga on the sideline of ...

Sharjah / WAM Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department (Sedd), and Dr Khalid Omar Al Midfa, Chairman of Sharjah Media City (Shams), discussed cooperation and enhancing coordination between the two parties for the benefit of the investor. Earlier, Al Suwaidi and several directors and advisors received Dr Al Midfa and his delegation at the ...

Bloomberg For most of his two decades in power, Vladimir Putin tried to get the US to pay attention to his fears about Nato expanding on his doorstep. After a massive troop buildup raised alarms Russia would invade Ukraine, Joe Biden finally said he’s ready to talk about Putin’s security worries. The Kremlin understands there’s virtually no chance of the ...