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Amazon’s Jeff Bezos spars with Biden on Twitter about inflation

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  Bloomberg Amazon.com Inc founder Jeff Bezos accused President Joe Biden of “misdirection” on Twitter in response to the US leader’s tweet saying inflation could be tamed by making wealthy corporations “pay their fair share.” The exchange began with Biden’s tweet: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” Amazon, which paid ...

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UK backs away from plan to build 300,000 new homes

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  Bloomberg Michael Gove, the UK minister responsible for Boris Johnson’s flagship policy to boost disadvantaged regions, appeared to abandon a key aim of the project: to build 300,000 homes a year. Speaking to the BBC, Gove said the government will “do everything we can” to increase house building, but added “it’s no kind of success simply to hit target ...

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Tesla fails to block its first jury trial over fatal crash

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  Bloomberg Tesla Inc can’t escape a trial over claims the automaker is responsible for the death of a Florida teenager who crashed a Model S into a wall at 116 miles an hour in 2018. A federal judge’s ruling paves the way for a trial in July, the first time Tesla will face a jury in litigation over a ...

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Mohamed bin Zayed, Sheikhs perform funeral prayer for Sheikh Khalifa

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Ruler of Abu Dhabi, on Friday performed the funeral prayer for late His Highness Sheikh Khalifa bin Zayed Al Nahyan, at the Sheikh Sultan bin Zayed the First Mosque in Abu Dhabi. Performing the prayer as well were Their Highnesses the Sheikhs of the Al Nahyan family. Everyone ...

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Khalifa bin Zayed: 18 years of empowerment

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  Abu Dhabi / WAM “While people are proud of their achievements, we are proud of being the children of Sheikh Zayed, and while people talk of their history, we speak of the history of giving that began with the formation of the UAE,” said the late His Highness Sheikh Khalifa bin Zayed Al Nahyan, epitomising the nations’s approach from ...

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World leaders mourn death of Sheikh Khalifa

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  Abu Dhabi / WAM UAE rulers and leaders from the region and around the world have offered their condolences after the death of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The Ministry of Presidential Affairs announced the death of Sheikh Khalifa on Friday. He was 73. In a tweet on his official Twitter account, His Highness Sheikh ...

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Cepa to increase UAE imports from India by $14.3bn by 2030

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  Abu Dhabi / WAM Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Department of Economic Development (Added), has said that the UAE and India are exploring mutual business opportunities with an unwavering commitment to further build on bilateral economic and trade relations. As part of his participation in the state delegation visiting India, Al Shorafa noted that the Comprehensive ...

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Sweden edges closer to Nato after key parliamentary report

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Bloomberg Sweden’s potential Nato entry would lower the risk of a Russian attack, according to a policy report commissioned by parliament that fell short of directly endorsing membership in the defense alliance. The 43-page review concluded that joining the North Atlantic Treaty Organization (Nato) would act as a deterrent, stressing the importance of coordination with neighbouring Finland. Russia, which invaded ...

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UAE reaffirms its commitment to combat spread of Daesh in Africa

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  Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, has participated in the Ministerial Meeting of the Global Coalition Against Daesh, which was co-chaired by the Kingdom of Morocco and the United States in Marrakesh. During the meeting, Al Marar underscored the need to enhance cooperation to counter the terrorist acts committed by Daesh, and prevent the ...

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Taqa’s green hydrogen projects in advanced techno-feasibility stage

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  Abu Dhabi / WAM The green hydrogen projects of Abu Dhabi National Energy Company (Taqa) are progressing very well, a senior executive told the Emirates News Agency (WAM), adding that green hydrogen, dubbed as the oil of the future, will play a significant role in the company’s growing portfolio of renewables. “We are currently in the techno feasibility stage ...

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