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  Bloomberg President Joe Biden’s administration will soon start a review of the first group of tariffs on more than $300 billion in Chinese imports needed to prevent their expiration, a process likely to bring new scrutiny of their effectiveness as inflation runs at a four-decade high. The evaluation, officially known as a “review of necessity,” so far has attracted ...

  Bloomberg Argentina’s government published the detailed plan for reducing its fiscal deficit and central bank financing as part of its pending $45 billion deal with the International Monetary Fund. The agreement with IMF staff has now been submitted to Argentina’s congress and will go before a vote sometime in the coming weeks. The country will receive 7 billion ($9.8 ...

Bloomberg On a freezing winter morning, Europe woke up to a shock. Russia had cut off gas to Ukraine. Companies started reporting drops in supplies via the transit country. Calls to reduce energy dependence on Moscow resonated across the continent. That was in January 2006. Sixteen years on, through another supply crisis and then Russia’s annexation of Crimea, the European ...

  NEW YORK / WAM The United Arab Emirates has voted in favour of the United Nations General Assembly resolution on the situation in Ukraine. Speaking at the UN General Assembly’s emergency special session, Lana Nusseibeh, Assistant Minister for Political Affairs and UAE Ambassador and Permanent Representative to the UN, stated, “We voted for this resolution, and we join the ...

  DUBAI / WAM The Tunisian Government has awarded AMEA Power a Concession Agreement and a Power Purchase Agreement for a 100MW solar project in Kairouan, worth $100 million (AED368 million) Najla Bouden Romdhane, Head of Government of Tunisia; Neila Nouira Genji, Minister of Industry, Mines and Energy; Hussain Al Nowais, Chairman of AMEA Power, and other dignitaries attended the ...

  ABU DHABI / WAM Abu Dhabi Public Health Centre (ADPHC) has announced that Dr Farida Al Hosani, Infectious Disease Expert and Executive Director of Infectious Diseases and Official UAE Spokesperson for the Health Sector, has joined the World Health Organisation’s (WHO) Pandemic Influenza Preparedness Framework (PIP Framework) Advisory Group as a Member for the period 2022-2024. Members of the ...

  DUBAI / WAM The Federation of UAE Chambers of Commerce & Industry has held a working meeting with officials of the Chamber of Commerce and Industry of the Kyrgyz Republic and major Kyrgyz companies. During the meeting, the parties discussed ways to develop and strengthen trade and investment markets between the UAE and Kyrgyzstan. Humaid Mohammed bin Salem, Secretary-General ...

  Bloomberg Spot prices for North Asia’s liquefied natural gas surged to a record as Russian supply concerns intensified competition with Europe for available supply of the super-chilled fuel. The Japan-Korea Marker, the spot Asian LNG benchmark, jumped 23% to $59.672 per million British thermal units, according to S&P Global Platts, pulled higher by a historic rally in European gas ...

Bloomberg The US should immediately move towards recognizing Taiwan as a country, former US Secretary of State and potential presidential candidate Mike Pompeo said in Taipei, comments that garnered a testy response from Beijing. “It is imperative to change 50 years of ambiguity,” said Pompeo, the top diplomat in the Trump administration who is visiting Taipei in an unofficial capacity ...

Bloomberg The war in Ukraine is starting to change the tone of negotiations to redesign Europe’s fiscal rules, injecting new impetus into calls for more flexibility on borrowing and budgets as the continent’s economy braces for the consequences of Russia’s invasion. Concerns that the fighting will hinder the pandemic recovery have made it more likely the European Union will agree ...