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Bloomberg The Taliban ordered its fighters to remain just outside the Afghan capital as it starts talks for a peaceful transition of power, cementing its renewed grip on the country two decades after the US ousted it from power. Fighters from the militant group entered the outskirts of Kabul on Sunday as the US and other nations rushed to evacuate ...

Bloomberg A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares. The Port of Los Angeles, which saw its volumes dip because of a June Covid outbreak at the Yantian port in China, is bracing ...

Bloomberg Olam International Ltd, one of Asia’s biggest agricultural commodity traders and suppliers, has a target for its food ingredients unit to become part of the FTSE 100 after its initial public offering in London. The company, a major supplier of cocoa beans and products, green coffee and spices, expects the IPO to be “one of the bigger listings” on ...

Bloomberg Malaysia lowered its 2021 economic growth forecast for a second time, as renewed movement restrictions and rising infections hamper the recovery. Gross domestic product is expected to expand 3%-4% this year, Bank Negara Malaysia said, down from an earlier estimate of 6%-7.5% growth. Malaysia’s economy shrank 2% in the second quarter on a seasonally adjusted basis compared to the ...

Bloomberg Taiwan raised its economic growth forecast for this year as an export and investment boom continues and it begins easing virus restrictions, giving a boost to consumption. The government increased its full-year estimate for gross domestic product to 5.88% from a previous forecast of 5.46%. That would be Taiwan’s strongest annual growth since 2010 when the economy bounced back ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has said that the UAE has presented to the world an exceptional model in developing and leading future government work to become a role model to be followed in sustainable development and modernisation. Sheikh Mohammed bin Rashid said, “Today, we approved ...

DUBAI / WAM Dubai Customs launched a comprehensive guide for all the services and facilities it provides to enable traders and businesses, who selected Dubai as their preferred investment destination, to increase their trade and boost their revenues. The guide will be introduced to the participants and exhibitors of Expo2020 Dubai. Within the national efforts and preparations to fulfill the ...

AL AIN / WAM Abu Dhabi Health Services Company (Seha) has expanded its Mezyad Healthcare Centre, which is managed by Ambulatory Healthcare Services (AHS), to include a new building for specialty clinics in efforts to meet the community’s ongoing healthcare needs. The new 2-storey building comprises 14 rooms and provides a range of new specialty services, including cardiology, ophthalmology, ENT, ...

Bloomberg China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions. State-owned firms proposed 43 new coal-fired generators and 18 new blast furnaces in the first half of 2021, the Centre for Research on Energy and Clean Air said in a report. If all approved and ...

Bloomberg Afghanistan’s US-backed president used his first public appearance in days to say he’s turning to the international community for help against Taliban militants advancing across the country. Ashraf Ghani made brief, nationally televised remarks on Saturday as Taliban fighters continue to make rapid territorial gains in the vacuum left by departing US and NATO troops. The president said he ...