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Bloomberg Singapore Prime Minister Lee Hsien Loong again warned the US and China to deescalate tensions, saying both powers presumed incorrectly they would win in any conflict. “The reality is, neither side can put the other one down,” Lee said on Tuesday, speaking by video link to the Aspen Security Forum. “I think that is a possible misunderstanding on both ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (ADDED) announced that the Abu Dhabi Government reduced the requirements for starting a new commercial business by 71 percent. In April 2021, a special task force, led by ADDED and launched as part of the department’s Investor Journey Programme, coordinated with more than 20 government entities and the private ...

ABU DHABI / WAM The UAE-Jordanian Parliamentary Friendship Committee on Monday held a remote meeting to discuss ways of enhancing cooperation between the Federal National Council (FNC) and the Jordan’s House of Representatives. The meeting was attended by members of the FNC and the Parliamentary Friendship Committee with Arab Parliaments, including Shaza Saeed Al Naqbi, Head of the Committee. The ...

DUBAI / WAM The National Program for Artificial Intelligence launched the “Learn AI Platform” to enhance students’ and youth’s awareness about the latest developments in the field of AI and its impact on the future. The platform introduces youth to the most prominent universities and academic institutions that provide courses in various specialisations under this critical discipline, in addition to ...

Bloomberg Manufacturing managers in Southeast Asia saw a slump in activity as the region grapples with one of the world’s worst Covid-19 outbreaks, while North Asia continued to see a pick up as the global economy recovers. In Southeast Asia, which has emerged as one of the world’s worst-hit pandemic areas in recent weeks, Indonesia’s IHS Markit manufacturing Purchasing Managers ...

Bloomberg Thailand is set to expand its quasi-lockdown measures to its regions that are hardest-hit by the coronavirus pandemic and home to about 40% of the population. The most stringent restrictions in 13 provinces, including the capital Bangkok and its surrounding regions, will be extended to August 31, and those curbs will be expanded to 16 additional provinces from Tuesday, ...

Bloomberg Kim Jong Un’s sister warned that upcoming US-South Korea military drills could jeopardise talks with Seoul, raising doubts about a diplomatic breakthrough less than a week after both sides announced a resumption of communications. Kim Yo Jong said the plan to hold annual allied exercises this month “seriously undermines” efforts to restore ties, according to the official Korean Central ...

Bloomberg Nonfungible tokens have shot to popularity in the past year. Shopify Inc’s move to facilitate sales might bring them even further into the mainstream. NFTs have become popular in industries from sports memorabilia to fashion and art, where their ability to provide authentication and uniqueness is prized. Last week, Shopify started allowing merchants on its platform to sell NFTs ...

Bloomberg Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year. Diego Parrilla, who manages the $250 million Quadriga Igneo fund, said there isn’t widespread awareness of the long-term damage that’s been caused by ultra-loose ...

Bloomberg Germany is poised to widen Covid-19 vaccinations to include all 12-17 year-olds, stepping up efforts to spur its flagging inoculation drive. The move was set to be agreed on Monday goes beyond advice published by the government’s independent vaccine commission. The authority, known as STIKO, recommends inoculating those in that age group who have pre-existing conditions that put them ...