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Bloomberg France isn’t the only country upset about a new security pact between the US, UK and Australia: Some Southeast Asian nations are also worried the partnership could provoke China and spur a regional arms race. The so-called Aukus partnership, which will help Australia acquire nuclear-powered submarines, prompted China last week to warn of an arms race in a region ...

Bloomberg UK Prime Minister Boris Johnson said unprecedented surge in natural gas prices is a “temporary” problem caused by the global economy bouncing back after the pandemic, arguing a “phenomenal demand for gas” in Asia has affected UK supplies. “I want to give a general reassurance that the problems we’re seeing are temporary,” Johnson told reporters travelling with him to ...

Bloomberg The amount of corporate bonds investors can trade in Europe is shrinking for the first time since 2005. Despite a rush in deals by high-grade non-financial firms, there’s effectively a 21 billion-euro ($25 billion) drop in the investable pool of euro bonds because of calls, buybacks, upcoming redemptions and European Central Bank (ECB) debt purchases, according to Bloomberg calculations. ...

Bloomberg Facebook Inc pushed back on reports that the company was aware of the negative impact of its products, claiming that the allegations don’t tell the whole picture. The issues of content moderation, mental health risks and misinformation are complex and defy simple policy solutions, according to a statement from Nick Clegg, Facebook’s head of global affairs. He said the ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) has published the ‘Typologies in the Financial Sector’ report, produced by the Supervisory Authorities Sub-Committee, which is chaired by CBUAE. The Supervisory Authorities Sub-Committee includes Abu Dhabi Global Market and Dubai Financial Services Authority, the Executive Office for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), and the ...

Abu Dhabi / WAM Zayed University has moved up in the 2022 Times Higher Education (THE) World University Rankings to 601-800 from the 801-1000 band in 2021. The (THE) rankings, which are an annual ranking of higher education institutions globally, are released on an annual basis, providing insightful information to academic industries around the globe, based on the achievement scores ...

Dubai / WAM Mai Dubai, a bottled water company fully owned by Dubai Electricity and Water Authority (Dewa), has made a landmark milestone with the launch of the fastest bottled water production line in Asia, Oceania, and Africa (AOA) region. Saeed Mohammed Al Tayer, MD and CEO of Dewa, inaugurated Mai Dubai’s water line, which was completed in collaboration with ...

SHARJAH / WAM A new recreational labour park has been opened in Al Sajaa Industrial area of Sharjah. The project is in implementation of the development plan aimed at providing integrated services to achieve comfort and happiness in the community, and in line with the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler ...

Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) on Sunday announced that since the beginning of 2021 it has accredited 34 new slaughterhouses to export red and white meat, as well as chilled and frozen meat products, to the UAE. This increases the total number of accredited slaughterhouses outside the country to 186. Moreover, to guarantee the ...

Bloomberg President Vladimir Putin’s ruling party is set to win a decisive victory in legislative polls despite simmering discontent after sidelining political opponents. While Putin personally retains broad support, according to polls, his United Russia party recorded some of the lowest ratings in nearly a decade earlier this year, scorned by voters angry over stagnant living standards and unpopular policies. ...