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Bloomberg One of the few funds to predict Beijing’s clampdown on education companies is doubling down on its bets on China’s solar companies. Ken Xu, Hong Kong-based chief investment officer at Strategic Vision Investment Ltd, withdrew from tutoring stocks in March after noting that state-backed media outlets and policy makers were echoing angst among parents about the societal impact of ...

Bloomberg President Vladimir Putin is expected to visit New Delhi on Monday as billions of dollars of Russian weaponry flow into India that would normally attract US sanctions. Eager to draw India into its efforts to contain China, the US may look away this time. Putin is making his first foreign trip in nearly six months for talks with Prime ...

Bloomberg President Joe Biden said Americans are returning to work and the US economy continues a strong rebound from the pandemic, after a Labour Department report offered a mixed view on the job market. “Simply put, America, America is back to work,” Biden said in remarks at the White House. “Because of the extraordinary strides we’ve made, we can look ...

Bloomberg The European Union (EU) will give preliminary approval to the reforms submitted by Spain to unlock $11.3 billion of its recovery funds. The European Commission will validate first set of milestones fulfilled by the Spanish government as part of its cash-for-reforms package to counter economic fallout of Covid-19, according to EU officials. Spain is one of the largest beneficiaries ...

Bloomberg Italy’s credit rating was raised one notch to “BBB” by Fitch Ratings, which said the country’s high Covid-19 vaccination rates and an increase in public and private spending will help the economy expand more than expected. The boost in rating reflects confidence in the unity government led by Premier Mario Draghi and its ability to wisely spend over 200 ...

Bloomberg Ford Motor Co expects to be the second-biggest seller of electric vehicles in the world within two years, according to Chief Operating Officer Lisa Drake. Demand for Ford’s first electric vehicles — the Mustang Mach-E crossover, the new electric F-150 Lightning pickup due out next spring, and its E-Transit commercial van — is emboldening the automaker to ramp up ...

Dubai / WAM An analysis released by Dubai Chamber highlights the vital role that countries from the Association of South East Asian Nations (Asean) can play in enhancing the UAE’s food security. The release of the analysis comes ahead of the first-ever Global Business Forum (GBF) Asean, organised by Dubai Chamber in partnership with Expo Dubai at Expo 2020 Dubai. ...

AJMAN / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, commended the UAE leadership’s great interest in heritage, antiquities, national identity, preservation of heritage content and its wide dissemination internally and externally, while inaugurating the Masfout Museum. His Highness Sheikh Ammar made his statements when he inaugurated the museum ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) announced the completion of 50 percent of the Sheikh Rashid bin Saeed Roads Improvement Corridor. The project, which extends eight kilometres (km) along Ras Al Khor Road, runs from the intersection of the Dubai-Al Ain Road to the junction of Sheikh Mohammed bin Zayed Road. Improvement works also include the construction ...

Bloomberg European Union (EU) legislators are looking to tighten the region’s planned green bond standards and make it harder for issuers of environmentally-friendly debt to overstate their promises to investors. Sellers of European green bonds and sustainability-linked bonds should develop a transition plan indicating how they will adhere to a 1.5°C global warming scenario and reach climate neutrality by 2050, ...