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  Bloomberg Italy is trying to lock in historically low financing costs at the start of a year where inflationary and political pressures could spell an end to super easy borrowing conditions. Rome offered a new 30-year bond via banks, kicking off Europe’s first sovereign syndicated deal of 2022. Initial price guidance was at eight basis points above comparable bonds, ...

  Bloomberg Alphabet Inc’s Google was slapped with a record French fine of $170 million by the nation’s privacy watchdog, together with a 60 million-euro fine for Meta Platforms Inc’s Facebook, over the way the companies manage cookies. CNIL, France’s data protection authority, issued the companies with a three-month ultimatum “to provide internet users located in France with a means ...

  Bloomberg UK automakers expect sales to rebound this year as the semiconductor shortage eases and demand for battery-powered vehicles grows. The Society of Motor Manufacturers and Traders (SMMT) estimates new-car registrations in Britain will climb 19% to 1.96 million in 2022. The group said it will update that forecast — formulated shortly before the emergence of the highly transmissible ...

  Abu Dhabi / WAM AD Ports Group has launched Kizad Communities Development and Services Company, a project that aims to champion the staff wellbeing across the full value chain. Kizad Communities will provide integrated solutions for staff residential communities, including new developments, new services, and property management solutions. The new project will take on the operations of the existing ...

  ABU DHABI / WAM BBC Travel, a designated BBC portal for travel stories, has praised on Thursday the UAE’s “resilience” during the Covid-19 global pandemic. “Even as the Omicron variant has parts of Europe on lockdown again, the UAE has managed, so far, to stay open to most travellers while keeping infections low,” said the report headlined “Why is ...

  Sharjah / WAM The Central Region Department of the Sharjah Electricity, Water and Gas Authority (Sewa) implemented a number of development projects during 2021. As many as 80 projects have been implemented for network modifications and the installation of approximately 50 transformers in the central region. Cables have been extended to implement these projects with up to 197,624 km ...

  Bloomberg Uranium prices jumped as Kazakhstan, the world’s largest producer of the radioactive metal, struggles to cope with deadly protests that pose the biggest challenge to the country’s leadership in decades. The Central Asian nation, a part of the former Soviet Union that produces more than 40% of the world’s uranium, has disrupted communications networks and restricted some travel ...

  Bloomberg Russia and its allies sent troops to help quell protests in Kazakhstan that posed the biggest threat to the central Asian country’s leadership since it gained independence in 1991. Dozens of anti-government protesters were killed by security forces and hundreds wounded, authorities said Thursday, after President Kassym-Jomart Tokayev announced an “anti-terrorist operation” to put down the demonstrations. He ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports Adnoc’s oil production capacity plans of five million barrels per day (mmbpd) by 2030 while ensuring energy security for ...

  Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, representing the UAE, participated in the UAE-US Innovation and Investment Summit. The summit was aimed at exploring more cooperation opportunities in the next phase to expand and develop UAE-US trade exchanges and mutual investments with greater participation of private sector companies from both ...