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Europe to surpass $100bn in startup funding this year

    Bloomberg Europe’s technology sector is set to bring in more than $100 billion of annual investment for the first time this year, capping off a period of deal-making and surging valuations. With nearly three times as much capital projected to be raised this year compared with 2020, the total number of tech companies in Europe valued at more ...

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‘Canadians lack confidence in fight to curb inflation’

  Bloomberg Canadians are unconvinced that policy makers will be able to rein inflation back to pre-pandemic levels, a worrying development that could reinforce the need for the Bank of Canada to be vigilant about price pressures. A large majority of Canadians, or 63.5%, say they lack confidence that inflation will return to more normal levels, according to a survey ...

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French economy shows little sign of succumbing to omicron angst

  Bloomberg French economic activity will continue to rise in December, despite another wave of the Covid-19 pandemic and fresh uncertainty over the omicron variant, according the Bank of France. Completed at the end of last week, the central bank’s monthly survey of 8,500 firms is the first indicator of how businesses in the euro area’s second-largest economy are faring ...

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UK homeowners enjoy a $4trn untaxed property windfall

  Bloomberg British homeowners have enjoyed a $4 trillion untaxed wealth windfall from rising property values over the last 20 years that is unlikely to be repeated, with the bulk of riches going to the well-off, the over 60s and those living in London. In a report calling for gains to be taxed, the Resolution Foundation said the surge in ...

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UAE receives award for its role in government modernisation

  Dubai / WAM In a new achievement for the UAE, the United Nations (UN) honoured the UAE government with a special award in recognition of its role in government modernisation. This recognition came during the United Nations Public Service Awards ceremony, the most prestigious global award in the field of public service. The award came in recognition of the ...

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Wizz Air Abu Dhabi to start flights to Krasnodar, Russia

  Abu Dhabi / WAM Wizz Air Abu Dhabi has announced the addition of Krasnodar in Russia to the list of its destinations. The announcement follows the recent addition of Moscow to the airline’s flight network making Krasnodar the second Russian destination available with Wizz Air Abu Dhabi. Wizz Air Abu Dhabi will start operating its flight to Krasnodar from ...

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‘UAE a reliable partner for sustainable development’

  Dubai / WAM Vahan Kerobyan, Armenia’s Minister of Economy and Commissioner-General of the Armenia Pavilion at Expo 2020 Dubai, said that the UAE has become a reliable partner for sustainable development, innovation, and the realisation of opportunities regionally and internationally, thanks to its governance system, efforts to reduce oil dependence, and rapid economic diversification. “We are full of hope ...

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Chinese solar companies make bid to dominate hydrogen power

  Bloomberg Chinese companies spent 10 years aggressively maneuvering to become the dominant players in solar power. Now they’re seeking to lead the way in developing the next big thing in clean energy: hydrogen. Top solar manufacturers including Longi Green Energy Technology Co are ramping up the production of electrolyzers, the equipment needed to make green hydrogen, the cleanest form ...

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Northern Ireland may quit UK within a decade, polls show

  Bloomberg Voters in both Northern Ireland and the Republic of Ireland see themselves united as one country in the next 10 years, according to polls conducted on both sides of the border. South of the border, 62% of people favour Irish unity, though the majority view it as a long-term project rather than an immediate priority, according to a ...

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UAE, WHO sign new pact to support global health sector

    Dubai / WAM The UAE government and the World Health Organisation (WHO) has announced a new partnership to support the global health sector, under which WHO will adopt the UAE government accelerators model to speed up the achievement of its strategic goals and initiatives, and to ensure providing of healthy lifestyles and prosperity at all ages. The launch ...

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